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RE: Hive.Loans - Decentralized Blockchain Based Lending and Banking Platform (Currently in Pre-Alpha Development)

in #hive3 days ago

Once the loan is paid off and the account is returned to the owner: Does this mean the borrower gets a new set of keys from the new recovery account or would that be redundant?
I ask because there are so many aspects of security that I don’t want to assume that I understand all threats to accounts in this platform. So recognizing that you may see things I don’t, I ask
Thanks

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Yep. The user would have the option to continue using the keys the hive.loans service used to take over the account for the loan collateral, but also have a 1 button click to generate new keys (on their side) and submit them using the previous keys.

(There is actually a double key set change that happens on each change to prevent abuse of recovery account key functions)