[{"category":{"name":"BitScreener Exclusive","exported_url":"bitscreener-exclusive"},"id":"4872b87f-6573-46a2-b767-96c45b220bb3","updated_at":"2022-05-25T10:48:00+00:00","account":{"firstName":"Akash","lastName":"Kashyap"},"description":"The advanced development of information technology nowadays correlates with the potential cyber risks, threatening the security of most enterprises and customers. PolySwarm (NCT) is born to be the optimal solution as a dynamic analysis engine to defend against evolving virtual activities. Let’s take a deep dive into PolySwarm!","sapo":"The advanced development of information technology nowadays correlates with the potential cyber risks, threatening the security of most enterprises and customers. PolySwarm (NCT) is born to be the optimal solution as a dynamic analysis engine to defend against evolving virtual activities. Let’s take a deep dive into PolySwarm!","title":"Is PolySwarm (NCT) a good investment?","content":"

Introduction to PolySwarm

PolySwarm is a decentralized threat intelligence launchpad for threat detection technologies and methods that detect and protect against emerging malware, network traffic, and URLs in real-time.

PolySwarm project gathers security holes and facilitates the analysis and response to threats that are likely to be undetected by existing solutions.

PolySwarm project sets its own sights on being:

specialized engine to prevent technologies from the latest threats;
contextual threat examiner offering faster and more accurate defensive methods;
performance-based compensation for engines to reduce false positives.

About PolySwarm token (NCT)

PolySwarm's Nectar (NCT) token is a utility token built on the Ethereum blockchain. NCT tokens are distributed to users who provide relevant cybersecurity threat intelligence.

NCT sets the foundation for a new market that introduces novel instruments for satisfying the demand for timely and accurate assertions regarding the malintent of files, network traffic, and URLs which are collectively referred to as Artifacts.

NCT, used by a network of antivirus programs with a decentralized immutable blockchain, will be rewarded to the best anti-virus engines/programs on PolySwarm.

Customers, a company, or individuals, need to convert their money to NCT for the operation of the antivirus engines, thereby getting paid for killing its viruses.

NCT can be staked to take on issues in the global computer virus world with a specific interest.

In the upcoming use case, NCT will be rewarded for generating passive DNS (Domain Name System) data and staking other users' threat intelligence productivity.

How PolySwarm (NCT) works

PolySwarm employs Ethereum smart contracts and blockchain technology as a base to develop in the anti-malware world.

PolySwarm determines a timely threat detection ecosystem for enterprises, consumers, vendors, and security experts who develop micro engines to inspect recent dangers, attempting to outperform their competition.

PolySwarm lowers the standard to partake, provides wider coverage options, rejects the same efforts, and ensures the connection among products and threat intelligence feeds.

PolySwarm uses the "Proof of Work" system to accurately detect threats as the higher the cyber detection accuracy, the better the platform's reputation. PolySwarm marketplace will reward professionals for better protecting businesses and end-users.

The platform revolves around the use of “bounties”. Each bounty includes a set-up fee, a bounty reward, a cryptographic hash function, and a GUID listing.

Features of PolySwarm (NCT)
PolySwarm project includes specialized engines to protect technologies from the latest threats.

PolySwarm is powered by a network of threat detection engines. It is the combination of broad commercial engines with the capacity to identify threats earlier than other solutions.
Specialized engines are appropriately research-driven, often authored by independent, professional researchers and security teams, creating the most advanced threat detection methods.
PolySwarm assembles them to eliminate the existing protection gaps and better defend enterprises against new threats.

PolySwarm owns the contextual threat scoring, PolyScore, which offers faster and more accurate defensive methods.

PolyScore provides the probability of malware in a single and authoritative number.
PolyScore expands the signal by taking the engine’s ideas into account based on their performance, strengths, confidence levels, and other contextual indicators from millions of daily assertions created inside PolySwarm.
That scoring of PolySwarm can save time in analyzing, reduce incident response growth and decrease false positives.

PolySwarm makes performance-based compensation to encourage specialization and improve the accuracy of threat detection.

PolySwarm’s 2022 Major Developments

PolySwarm has achieved significant milestones and developments since the start of 2022:

NCT token gets listed on Coinbase, a leading crypto trading and investing platform on Jan 13, 2022.
Deposits and withdrawals for NCT are supported by Coinbase Custody, one of the world's largest and most trusted crypto custodians (May 10, 2022).
PolySwarm begins boosting mainnet load on May 10, pledging to increase it to 100% every few days until completion. The flawless operation of the mainnet has progressively attracted more NCT holders, and the platform has raised the mainnet load from 20% to 50% as of May 19.

Who is behind PolySwarm (NCT)?

Team

PolySwarm has been being developed by Swarm Technologies, Inc.

Behind the success of PolySwarm are a strong team which is composed of InfoSec veterans with decades of experience in government and industry.

PolySwarm Founder (Steve Bassi) and Co-Founders (Ben Schmidt and Nick Davis) are also members of Narf Industries, LLC, a boutique information security firm dedicated to providing security to government and large enterprises.

Advisers

PolySwarm is backed by several renowned information security experts hailing from both industry and academia, including Mark Tonnesen (former CIO of McAfee), Dinesh Dhamija (Former London MEP until Brexit and Founder of Ebookers), Dan Guido (Co-Founder of Trail of Bits) and many more.

Is PolySwarm (NCT) a good investment?

The PolySwarm project appears to be a potential platform regarding security which is an area capturing most investors’ attention while joining the crypto market.

On May 20, 2022, NCT’s increment of over 140% is undoubtedly a testament to its huge potential, and NCT's value is expected to continue to expand as PolySwarm continues to develop and enhance its cutting-edge threat detection methods.

Explore all the trending topics and hottest news in the crypto market with our Blogchain.

Meanwhile, practice trading, play virtual money, and earn real tokens with CryptoSim - Virtual Trading Game.

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Is PolySwarm (NCT) a good investment?

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