“Not your keys, not your crypto” is a mantra for how crypto holders’ should govern the handling of their crypto-assets. Unfortunately, the current reality often necessitates compromises to that philosophy for crypto traders.

Today’s announcement ushers in a new era in cryptocurrency trading, which will enable advanced trading strategies to be automated on decentralized exchanges (DEXs), without the need to store the cryptographic private keys.

Today’s environment

Trading on decentralized exchanges allows peer to peer trading via smart contracts, offering better transparency leading to greater security and asset sovereignty. However, the need to sign every trade severely limits the practicality of automated trading strategies.

“The collaboration combines Cryptohopper’s next generation automated trading platform, with Tide’s Decentralized Automated Trustee key management technology, to execute trades on DEXs using real-time data, with traders remaining the sole custodian of their keys and assets.” Issac Elnekave, Co-founder Tide Foundation.

How is this achieved?

As part of a suite of privacy protection infrastructure, Tide has developed a Decentralized Automated Trustee (DAT), a distributed network of unaffiliated operators that acts as a trustless custodian and power of attorney for a cryptocurrency account. No single node (or subgroup) in the network has any access or knowledge of the entire account’s key, or the authority to act on its own, rendering malicious access to the key virtually impossible. Using secure multi-party computation, these nodes act as a swarm to perform functions with the authority of the key on the account’s behalf, based only on their predefined parameters on the blockchain.

“Tide’s technology removes the UX barriers of today’s solutions without compromising on the security and principles of decentralization. It provides our platform the availability we need, without the unnecessary risk of holding customer’s keys or funds.” Said Ruud Feltkamp, CEO CryptoHopper.

Cryptohopper’s automated trading platform used by over 165,000 traders offers the most comprehensive suite of trading tools on the market, with advanced capabilities like Copy Trading, Market Making, and Exchange Arbitrage.

Following a successful pilot, their trading platform can be extended to recommend trades that match a trader’s strategy to their DAT, who will sign those trades on behalf of the trader as long as it complies within the approved parameters.

“Cryptohopper’s commitment to the privacy and security of their strong community, along with their superb growth, provide a brilliant platform to share our technology.” Said Elnekave.

To view an interactive explainer of the technology visit: https://academy.tide.org/

About Tide Foundation
Tide is a cyber security and privacy venture with a suite of technology designed to remove business risk associated with handling sensitive consumer data and grant individuals’ control of their data by replacing the need for trust with mathematical guarantee.

About Cryptohopper
Cryptohopper offers an automated crypto trading platform on which trading strategies can be designed by traders and adopted by others. Established in September 2017, it is considered to be the leading automated trading platform in the crypto-space.

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Chaineum :
Fondée en 2015, Chaineum est une boutique STO offrant une expertise de premier plan en matière d’ICO et STO, avec une vision stratégique orientée tant vers le métier de ses clients que sur la technologie blockchain. A ce titre, Chaineum a participé à la mise en œuvre de bonnes pratiques dans le secteur (ICO Charter, Security Token Network).
La division services blockchain de Chaineum, développe la technologie Chaineum Segment, une blockchain privée orientée objets.

About Chaineum:
Founded in 2015, Chaineum is a STO Boutique with a strong expertise in ICO and STO, and a strategic focus on both its clients' business and blockchain technology. As such, Chaineum paved the way in the implementation of certain best practices in this sector (ICO Charter, Security Token Network).
Chaineum's blockchain services division, is developing Chaineum Segment technology, an object-oriented private blockchain.

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