October 8, 2008, Wednesday, 281

Sales Verification Authority

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The SVA (Sales Verification Authority) is responsible for ensuring the security of all transactions on Bitmunk. There are several hundred checks that are made throughout the buying/selling process between two people on Bitmunk to ensure that both parties are playing fair. If the SVA detects that either party is misbehaving, it cancels the current transaction and notifies both parties of the reason.