Horizon Platform Community Business opportunity: Gateway server operator
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Viewing 10 posts - 1 through 10 (of 15 total)
  • CoinFinder

    27th July 2014 at 10:16 pm

    NHZ has “business for profit” opportunities for server operators who wish to run gateway servers to provide access to the NHZ network for other crypto currencies. Basically, the gateway feature to the NHZ platform is a holding account that allows coins such as Bitcoin to be imported and exchanged on the NHZ blockchain. This is a non-technical description of how it works.

    A Bitcoin user lists his Bitcoin address and his NHZ address with the gateway. Once he has given this information, he can send Bitcoins from his Bitcoin wallet to the gateway. The gatway holds his Bitcoins and generates Bitcoin Tokens that are sent to his NHZ wallet. These tokens can then be exchanged on the NHZ network through the decentralized Asset Exchange, or by transactions between NHZ users (payments, tipping). When he so decides he wants to have his Bitcoins in his Bitcoin wallet, he sends the Bitcoin tokens to the gateway, and the gateway releases his Bitcoins back to his Bitcoin wallet. So in a nutshell the gateway is a storage wallet. The gateway operator charges fees for these transactions.

    As a security measure NHZ gateways offer a multi-party system of accountability . Gateway operators can set up gateways as multi-signature (multi-sig) accounts. This security feature requires a minimum of two parties to approve access to the account. This means no one person can access the account without the others knowledge and approval.

    To run a gateway you need 2 servers (one for web, the other(s) for the wallets). For additional security and further decentralization you can set it up with multisig wallets.

    Gateway operators can set a fee to take from every deposit and withdrawal.

    If you are interested or for more Technical info, contact an administrator.

    Jerical13
    Participant

    Horizon: 0.00 HZ
    28th July 2014 at 10:39 pm

    Astanaviskar
    Participant

    Horizon: 0.00 HZ
    4th September 2014 at 4:39 am

    Is this the same thing as running a node? Thanks.

    Pharesim
    Keymaster

    Horizon: 123.50 HZ
    4th September 2014 at 9:17 am

    No, it needs more to run a gateway
    – NHZ node
    – 2x the wallet of the coin you offer
    – a webserver

    networthsigns
    Participant

    Horizon: 0.00 HZ
    5th September 2014 at 7:14 pm

    Like to be a server operator though, looking for more info.

    easteagle13
    Participant

    Horizon: 0.00 HZ
    1st October 2014 at 1:56 am

    Will MWG be supported also in NHZ? like this one https://multigateway.org/user-guide/installing-the-software/

    coinfused
    Participant

    Horizon: 0.00 HZ
    6th October 2014 at 12:08 pm

    I am interested. How do I set everything up? I have several servers available.

    bearishtrader
    Participant

    Horizon: 8.50 HZ
    8th October 2014 at 4:01 am

    I would also be interested in becoming a server operator!

    TheQuake
    Participant

    Horizon: 53.00 HZ
    20th October 2014 at 2:51 pm

    I’m also interested in being server operator

    Horizon: 0.00 HZ
    23rd November 2014 at 4:03 am

    I’m interested as well

Viewing 10 posts - 1 through 10 (of 15 total)