👉 Deposits computing is a method used by cryptocurrency exchanges to manage and secure user funds. It involves the exchange's servers storing a portion of users' deposited assets in a secure, offline vault. This process ensures that funds are protected from potential hacks or cyber threats that could compromise users' private keys, which are essential for accessing their cryptocurrencies. When a user deposits assets like Bitcoin or Ethereum, these funds are temporarily held in this vault, reducing the risk of theft during transmission or storage. After a set period, typically 30 days, the deposited assets are released back to the user's wallet, allowing them to spend or transfer their holdings. This system balances security with accessibility, as users can still access their funds through their private keys while the exchange manages the risk of loss due to user error or external threats.
