More than one billion dollars in cryptocurrency was stolen in 2018, a fourfold increase from 2017, and $ 9 million was stolen every day from individual wallets. Crypto wallets and exchanges themselves are safe, but access to them via the internet is often a weak link, which is manipulated by attackers. In addition, the majority of all cellphones worldwide have some form of malware in which malicious players watch secretly when users record passwords and other important information. This is the area defended by BlockSafe.
BlockSafe Technologies plans to fix the theft problem in this industry. Although theft will always occur, services such as those proposed by BlockSafe can minimize the amount of damage done.
To achieve their goals, the company has plans for 3 main products :
Defender Crypto
Secure your digital wallet by providing the following capabilities
Anti screen capture.
Keystroke encryption.
Anti-clickjacking.
Exchange of Defenders
Contains CryptoDefender and ProtectID to provide exchange security.
Defender Blockchain
Protect private blockchains by acting as a gateway for data.
This is just a brief example of some of the features offered by each product. As the company develops, this product will become more expansive, and continue to adapt to the industry.
This product combination offers a comprehensive security tool for everyday users. It’s much easier to be proactive, and prevent hackers from stealing funds / data, rather than being reactive. More often than not, reactive actions prove fruitless. By offering a platform like that exhibited by BlockSafe, users can be more calm, knowing that they are proactive in their approach to security.
The Crypto exchange has a hot wallet and a cold wallet.
The wallet keeps the user’s secret key and the exchange secret key. Most keys are stored offline in the safe (cold wallet). Some of the keys are stored on internet-connected servers (hot wallets) to facilitate transactions. These servers are vulnerable to data breaches as well as other hacker attacks. Exchange Defender consists of two products to protect the internal crypto exchange system.
These are CryptoDefender and ProtectID protect computers and mobile devices exchanging from key code attacks, screenshots, and click attacks.
ProtectID secures access to the internal system through two out-of-band authentication factors. Blockchain Defender acts as a gateway between private applications and blockchain. It checks every message, checks whether permitted according to company rules & policies, scans data field content for malware and authenticates transactions through ProtectID® system. It can also forward blockchain messages to the company system or other blockchain through the appropriate gateway.
The company has patented state-of-the-art technology that aims to overcome the challenges of large cyber security. Companies secure wallets, exchanges, and blockchains. The wallet is guaranteed through its CryptoDefender; Exchange is secured through ExchangeDefender while Blockchains is secured through its BlockchainDefender.
At present, BlockSafe is said to be the spearhead of the exchange protection and crypto wallet. By 2018, more than one billion dollars in cryptocurrency are said to have been stolen. This is a fourfold increase from 2017. It is also believed that $ 9 million is stolen from people’s wallets every day. Crypto exchanges and wallets themselves are safe even though access to them via the internet is always considered a weaker link so that attackers can easily manipulate. Most cellphones around the world have some form of malware on board where malicious players can see silently when users record passwords along with other important information.
To fund the development of their product range, BlockSafe will hold an upcoming STO. During this STO, they will sell their ERC-20 tokens known as ‘BSAFE’. These tokens will be sold as collateral, and offer investors the opportunity to buy shares in BlockSafe itself.
The BlockSafe BSAFE Token contributes passively, BlockSafe receives ten percent of the top-line sales revenue and returns to the token holder every quarter.
More info:
Official site: https://blocksafetech.io
Whitepaper: https://blocksafetech.io/BlockSafeWhitepaper.pdf
Telegramm: https://t.me/officialblocksafetechnology2019
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2594008
Eth Address: 0xc4EAE7050f71AB4a3d3cE4768C3A66Fc7bF33e0B
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