INTRODUCTION
At the centre of it, a zero-day susceptibility is an error. The Zero Day poses serious security threatens to software and sometimes hardware and can create untold complications that will not be detected early enough.
Indeed, a zero-day flaw doesn’t forewarn so as to detect it on time. Nearly every company on earth is being affected by the activities of hackers and this menacing zero-day evil. However, the average detection time is rather too long such that the economic and privacy breaches would have been completed long before it is detected.
To worsen the situation, the zero-day attacks repeated itself for a couple of times before it is spotted, comprehended and then checked. It is in the light of this that BitFence, a blockchain-based platform is effectively designed to detect, avoid and challenge efforts at unapproved use of information systems, and prevent hackers from accessing your information.
By that, you have an edge over hackers since they can’t assess your information without your knowledge.
BitFence Ecosystem
BitFence presents users with equipment needed to withstand the activities of cyber hackers and secures the network actively, acting as a proactive measure to forestall unapproved access to the platform and cognate assets.
BitFence ecosystem features the following main components.
Setting up of BitFence native Distributed Sensor Network, which is also referred to as Distributed HoneyPot. BitFence presents the incentives to anybody that use BitFence-based software or hardware generator. These miners will by themselves discover and flag unusual or cybercrime-like actions. The miners will be compensated by the sharing of BitFence ‘HNY’ Tokens.
Virulent and potentially-harmful data that has been collected by miners will be assayed automatically, then processed and classed with regards to risk factor through the use of artificial intelligence program in real time. The number of signatures available has to be updated respectfully.
Lastly, immediately the data is scrutinized and suspicious items and hackers are spotted, the detail is immediately loaded to every BitFence actor in a bid to reduce them with relayed threat.
With BitFence platform, users have the privilege of mining ‘HNY' tokens by using the software program or the bespoke and custom micro-computer linked to the internet at low cost. Software built by BitFence will simulate virtual world to draw Hackers as invites.
Anytime hackers attempt to attack this deliberately built mining system, he or she drops a hint unknowingly that is sent to the BitFence System known as Honeynet for other analysis.
The details so collected is now analysed using Artificial Intelligence classifier and then refined into workable threat intelligence use.
Immediately this procedure is documented, the particular miner will be compensated immediately using the BitFence tokens to apply for the BitFence safety services.
BitFence Tokens
HNY, the official BitFence token is built to offer a complete economic pattern to aid how well the cyber threat shielding system will function. Every payment across the platform will be completed using the HNY tokens.
The tokens are of ERC20 standard and it accepts other currencies such as ETH, BTC, LTC, DASH and the total volume of HNY in circulation is a billion while the total HNY during TGE is 500 million. The soft cap is 2,000Ethereum while the hard cap is 65,000 Ethereum.
Conclusion
Majority of the problems confronting all of the companies in contemporary times is that of unauthorized hacks into their database which cost a fortune and of course, not easily detected. BitFence is a platform designed to identify, avoid and counteract the action of such unapproved hacks into the user information system.
Users subscribe to this service by making payment using the HNY token.
TOKEN DETAILS
Token Name: BitFence
Token Ticker: HNY
Platform: ERC20
Circulating Supply: 1,000,000,000HNY
ICO price: 1ETH=6000HNY
BITFENCE TEAM
BITFENCE ROADMAP
For more information about this project, click any of this links.
Website: https://bitfence.io/
Whitepaper:
ANN: https://bitcointalk.org/index.php?topic=3252856.0
Telegram: https://t.me/bitfence
Facebook: https://www.facebook.com/
Twitter: https://twitter.com/BitFence_
Blog: https://medium.com/@bitfence/
Writer: Cryptoqueenkim
BTT profile link:https://bitcointalk.org/index.php?action=profile;u=1380200