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The popular and recognized XRP influencer Dr. T spoke with another XRP follower on how the XRP TipBot works. The Twitter user known as @hard_hodl asked how XRP is protected with XRP TipBot.
He responded that WietseWind, creator of XRP TipBot and XRP developer, secured XRP using a cold or hot wallet model. This is similar to what exchanges do to process payments, including deposits and withdrawals.
At the same time, the user can implement a 2FA like those seen on other platforms or even in exchanges. This allows users to increase the security of their accounts and prevent hackers or attackers from stealing the funds they have in their accounts.
In another tweet, Dr. T said that WietseWind could have future plans to improve the security of the TipBot XRP.
You may have plans for additional security like
– automatic automatic key / disabling of the master key script in case of compromise.
– Internal accounting tips that eliminate the need to store XRP in the XRPTipBot custody portfolio.These could happen in the future though. I think Wietse can confirm
– Dr. T ⚡️ (@XRPTrump) 10 November 2018
For example, some of the updates that can be performed on the bot application are related to automatic key auto / disable master key script in case of compromise. Another improvement could be an in-the-endger suggestion that removes the need to store physical XRP coins in the XBB TiBot wallet.
These things are updates that can be planned and implemented by WietseWind in the future. While this may be a good way to improve the security and functionality of the TipBot XRP, nothing is confirmed.
In another tweet, Wietse Wind said it is planning to implement new features for XRParrot and XRP TipBot. However, he did not mention anything specific or related to advanced security features.
Of course, only an order with a default destination. But I'm talking about something much more exciting 😇
– Wietse Wind (@WietseWind) November 9, 2018
In the future, other things like micropayments on specific platforms could be implemented. Users would be able to pay only for the time they use a service or stream a video, among other things.
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