🙌Registration
Last updated
Last updated
To participate in our protocol, both on-rampers and off-rampers must complete a one-time registration. This process is crucial for tying each Ethereum account to a unique off-chain payment service ID, thus proving account ownership in the selected payment network, ensuring secure and efficient transactions.
Why Registration?
Security: Links Ethereum addresses to off-chain payment service IDs to verify that the creator of an order is the same entity completing it off-chain.
Prevent Griefing: Protects against DOS attacks and the potential griefing of off-rampers' funds.
Sybil Attack Mitigation: Restricts each off-chain payment address ID to a single registration, safeguarding the protocol against exploitation and making sure the sybil resistance guidelines we put in place are adhered to.
Registration Properties
Uniqueness: Each off-chain payment service ID is eligible for one registration, avoiding system abuse.
Email Verification / Notarized Proof: Users need to provide an off-chain payment transaction confirmation email or a notarized proof for identity validation.
Privacy Protection: Off-chain payment service IDs are hashed for before sending them to the chain, maintaining user anonymity.
Risks
