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Sentinel Protocol – Protecting Against Crypto Fraud

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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

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.

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VOLUM (VLM) Announces Commencement of Token Generation Event

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ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.

Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.

The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.

“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…

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How to Secure Yourself in Relation to Bitcoin: Top VPN Services

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Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.

Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.

What is a VPN?

Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.

Security

While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.

Anonymity

Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…

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Is it legal to gamble in Bitcoin casino?

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Bitcoin entered the world in 2009 and immediately begun a revolution on the cryptocurrency market. Presently, there are more than 700 different digital currencies, but Bitcoin still remains the most used one. However, despite the large business activity around Bitcoin, there is still no international legal law to regulate it.

Key facts on Legality in Bitcoin casinos

Laws and obligations concerning online gambling legislation vary from country to country. There are many jurisdictions that can issue gambling licenses to online casinos. But, these licenses are issued only after the online casino business meets the requirements of the chosen jurisdiction.

The necessity of Gambling License for Bitcoin casinos

In order to make it clean and clear, a reliable online casino will obtain an online gambling license. Among other things, it allows running a legal activity and assures the casino operator’s trustworthy behavior, fair gaming policy and transparency in business operations and gaming software offered to customers. A representative of this kind of casino, such as FortuneJack for example, will have good reviews and reputation, and stable business that is constantly growing and expanding throughout the years. You can also feel the stability by checking the website, and important details such as casino withdrawal time and the number of games offered for playing, as you can examine on Fortunejack.

There is a difference between Bitcoin and Bitcoin gambling legality. There are countries…

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