No. Bison Trails never takes custody of user funds. The Algorand protocol enables users to use their private keys to derive participation keys, which are required to participate in network consensus, but are not able to sign transactions. This enables Algorand token holders to keep private keys in cold storage while using their participation keys with their Algorand node to earn rewards for participating in network consensus.
Articles in this section
- What is Algorand?
- What is a Participation node?
- What is a Relay node?
- Do I have to give Bison Trails my private keys to run an Algorand node?
- Does Bison Trails take custody of my Algorand tokens (algos)?
- Where are my Relay and Participation nodes located?
- Is there slashing in Algorand?
- Can I use a custodian for my Algos while using Bison Trails infrastructure?
- Can I self-custody my Algos while using Bison Trails infrastructure?
- What are my Algorand node metrics measuring?