What is PolySwarm? PolySwarm (NCT) is a decentralized and crowdsourced threat intelligence marketplace powered by Ethereum smart contracts. cryptocoin.com In this article, we answered the questions asked by investors such as what PolySwarm is, what it offers, what is NCT, what it does, how to buy it. Let’s examine together this project, which has already noticed attacks that are difficult to threaten by networks.
What is PolySwarm?
PolySwarm is a decentralized and crowdsourced blockchain threat intelligence marketplace. This market is built on the Ethereum network and uses Ethereum’s smart contract technology. This detects the latest threats that are more likely to go undetected by existing solutions in the blockchain industry. It also analyzes these threats, giving networks a more effective way to respond to attacks. It basically works as a launchpad. Accordingly, it contributes to the development of new technologies and threat detection methods.
PolySwarm is a real-time threat detection ecosystem made up of businesses, consumers, providers and security experts from around the world. Experts independently analyze the latest risks to outperform their competitors. For this, they create and fine-tune competing “micromotors (workers)”. The blockchain ecosystem rewards fast and accurate threat intelligence about file maliciousness, network traffic, and URLs. Thus, it operates like a mass-based cybersecurity consulting firm.
What does PolySwarm offer?
PolySwarm runs on the Ethereum Blockchain and uses the Proof-of-Work consensus mechanism. This mechanism provides verification of threat detections. It also allows the market to operate in a safe and sustainable structure. Customers can have their own websites and platforms reviewed through this marketplace. When such a request comes, PolySwarm analyzes all possible threats through micro-materials. It also makes various suggestions to prevent these problems. Thus, it is possible to prevent possible hacking attacks.
What is NCT? What Does It Do?
NCT is the native cryptocurrency of the PolySwarm network. Built on the ERC-20 smart contract on the Ethereum network, this token is used for various purposes such as rewarding users. This Ethereum token facilitates user transactions in the market. Users who provide cybersecurity data to the market are rewarded with NCT coins in return. Customers, on the other hand, have to pay with NCT to access market analytics.
What is PolySwarm? How to take NCT?
The PolySwarm cryptocurrency is currently listed on cryptocurrency exchanges such as MEXC, Bitrue, and Huobi. Investors who want to buy NCT must be a member of one of these exchanges. They can then acquire the cryptocurrency by following the purchase steps on the exchange.