Connect with us

Don't Miss

Sentinel Protocol – Protecting Against Crypto Fraud



Sentinel Protocol

Sentinel Protocol is an interactive security threat intelligence platform that combines collective and artificial intelligence (AI) to protect users against hacks and scams.

Within the cryptocurrency sector, reports of scams, hacks, and security threats have literally become the order of the day. Cybercriminals are constantly innovating new ways to breach security walls and this, in turn, stands in the way of mainstream adoption. One of the most highly touted benefits of blockchain technology, decentralization, has also turned into its greatest enemy.

Sentinel Protocol has found a way to turn this weakness into an advantage by creating a decentralized collective intelligence framework. Crypto users acting individually are not able to create a viable solution to this problem. But through this framework, users are able to harness the power of mutual self-interest to address the challenge effectively.


Sentinel Protocol

Security Features of the Platform

The Sentinels

At the core of the Sentinel Protocol ecosystem are security professionals known as The Sentinels. These include developers, white hat hackers, security vendors, and professionals. In exchange for their collective intelligence contributions and threat protection innovations, they earn rewards from the platform.

In many cases, ethical white hackers only receive social recognition for their assistance and contributions. But the prospects of getting financial incentives for their efforts offer greater motivation and has created a vibrant community. 

The Sentinel Portal

This is an interactive intelligence platform on the ecosystem where The Sentinels validate reported incidents and hacks. Community members also have the opportunity to share news on security issues, insights and tips, and get Sentinel Points in return. Users who are not security experts make manual reports on the system which are later validated by the experts and added to the intelligence platform.

Threat Reputation Database (TRDB)

The TRDB is a blockchain-based reputation system on the Sentinel Protocol. First, by virtue of its decentralization, it eliminates the threat posed by keeping threat data in one central location. As such, the database is not vulnerable to abuse or manipulation.

Secondly, the TRDB addresses the absence of shared knowledge among crypto security vendors. Presently, most existing security vendors compile their own data and store it within walled gardens since there is no incentive for collaboration. But on this framework, it is not a winner takes all game. The more information collected on existing threats, the higher the chances of cyber-crime prevention. Vendors and security experts within this ecosystem are encouraged to make contributions to the database.

As such, the TRDB is able to effectively collect data on hackers’ wallet addresses, phishing addresses, malware hashes and malicious URLs among others. And even though general users can participate, only security experts update the records to eliminate systemic errors. Through this database, any digital assets acquired through malicious acts are tracked to receiving addresses and sub-addresses. All platforms integrated with Sentinel Protocol are alerted, cutting off any chances of the scammer using the seized assets.

Uppward Chrome Extension

Fake ICO websites have become one of the most common approaches used by malicious actors. For this reason, the Sentinel Protocol has created a security system that investors can use to avert this risk. Uppward Chrome Extension allows platform users to confirm the authenticity of ICO websites, wallet addresses and social media accounts used by ICO projects. By using this protective feature, ICO investors ensure that their contributions go to the right project addresses.


Machine Learning Security Technology

Sentinel Protocol makes use of machine learning to keep track of behavior changes. For starters, it collects existing data and creates model behavior of all normal activities. If at any time this system detects a change in the norm, then it reports the probability of a threat based on the suspicious activity. This could be related to changes in computer usage or transaction patterns among other things. When this happens, the system blocks the execution of the suspicious process and shares the data with the reputation system for further investigation.

Distributed Malware Analysis Sandbox (D-Sandbox)

This feature of the platform makes it possible to run unverified code and programs in a secure environment where they do not pose any risk to the host. Platform users submit threats to this sandbox for analysis by the collective intelligence system.

As hacking and fraud become prevalent in the crypto industry, there is a growing need for a security framework that can cultivate investor and stakeholder trust. Sentinel Protocol provides precisely that, making it possible to reduce hacking and scam incidents significantly. Through its collective intelligence system, threat reputation database and data verification model, the platform makes it a lot safer to interact with blockchains.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

Don't Miss

Property Loans for Foreigners in Singapore That You Must Know About



property loans for foreigners in Singapore

Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  


As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
  • When you are applying for a loan with a Housing…
Continue Reading

Don't Miss

CoinField Launches Sologenic Initial Exchange Offering




CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…

Continue Reading

Don't Miss

Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page



Sports betting is one of the widely known types of online gambling. With a large number of sports fans around the world, this type of gambling is one of the most sought after. The problem usually comes from when gamblers try to find the best sites out of the many available ones. Many new sports betting sites come up daily, thus making the selection process even harder. One of the best places to find top betting websites for sports is Boomtown Bingo. This platform doesn’t just give users the best online casino games websites, but they also cover sports betting. As such, boomtown bingo remains a one-stop-shop for everyone who needs the best and the latest online gambling and gaming sites for all types of devices.


The performance of any website is critical. Users need to find their way around the site easily, and that can be made possible with the site structure and arrangement. Loading time is also essential. A website that always hangs thus pushing the user to refresh every time is no good. These are some of the factors that Boomtown Bingo looks into when selecting the best sites for its users. You can be sure that the new sports betting websites listed on Boomtown’s platform have faster loading time, can be used easily by everyone, including those who are trying this betting for the first time.…

Continue Reading

Press Release