Ecosystem/haveno
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Updated FAQ (markdown)

erciccione 2021-05-14 09:24:34 +02:00
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FAQ.md

@ -48,6 +48,8 @@ Haveno has no token and it's based on Monero, thus taking advantage of its priva
## What are the differences in the trade protocol
The desired trade protocol is in [docs/trade-protocol.md](docs/trade-protocol.md)
Bisq recently adopted a protocol based on a 2/2 multisignature, while Haveno will use their previous protocol: 2/3 multisignature. In a 2/3 multisignature trade, each trader owns one key, this key will be paired with the key of the other trader and will be used to unlock funds and deposits. It's a 2 of 3 (2/3) protocol because you need only two out of three keys to move funds from the multisignature wallet.
If everything goes fine, the two traders will use their keys to complete the transfer process. If something goes wrong, one of the two parties won't use their key to complete the transaction, this is where the arbitrator comes to action.