Networking since its inception has always had to deal with the issue of cyber threats and attacks. These attacks comes in different forms and ways, therefore making it so difficult to eradicate completely. Cyber threats has proven to be a great stumbling block to networks progression and improvement in the world, slowing down the rates of many factors. Another disadvantage of cyber threats is that they increase with increasing development in networks making users of the internet inconvenient all round as a result causing both economic and privacy loss and damages. Some companies are working steadily on how to reduce or minimize such threats but most of them has gone down just as they had risen, failing to fulfil the objective of which they are being set up for. By reducing cyber threats, and introducing defensive methods to mitigate other systems from similar cyber attacks, it is believed that cyber attacks will be minimum. These problems of cyber security is what the BITFENCE platform has come with a solution with.
WHAT IS BITFENCE??
BITFENCE platform is known to be an improved cyber-security solution aiming to fish out cyber criminals and distribute their profile information to the protected community as a whole, via the decentralized blockchain network. The platform system captures and go through cyber criminals signatures by using the customized Artificial Intelligence software, notifying users alerts of threats and providing threat protection to all of the participants. The priority of the platform is to minimize the average detection time of cyber threats drastically, and simultaneously adopt and deploy defensive approach to mitigate other systems from similar cyber criminal attacks.
ADVANTAGES OF BITFENCE.
Using the platform comes with a host of benefits that favors both the company and users, leaving cyber criminals under constant inconvenience. Some of the advantages will be highlighted below:
- Bitfence provides an interactive dashboard and gives users the choice to generate customizable reports.
- The platform receive threat information from miners and assess threat signatures thoroughly.
- The system offer mining to its cyber defense force with the BitFence Sting Miner.
- It will deploy and update all threat information to subscribed systems in order to mitigate systems with the same or similar threats.
- Bitfence will Integrate with existing networking architecture with very minimal configuration changes.
THE ECOSYSTEM
The platform provides its users tools and equipment needed to identify and guard against the increased and increasing number of cyber attacks threats, by protecting networks proactively, before any harm would have occurred to the network. The whole ecosystem is built on 3 major parts. One of it is the Installation of BitFence's proprietary Distributed Sensor Network, another is how malicious data being gathered by miners will automatically be analyzed, processed, and ranked by AI algorithms. Lastly, the information is instantaneously delivered to all users of the system, thereby protecting them from similar threat.
HNY TOKENS
HNY Tokens is the official token of the platform ,it is a standard Ethereum ERC20 smart contract-based tokens designed to provide an economic model to enable the functionality of cyber threat and attack prevention systems. Payments for subscription services will singly be conducted using HNY Tokens. Furthermore, all rewards for BitFence Miners will be distributed also by HNY Tokens.
TOKEN ALLOCATION
The percentages in which tokens are distribution is depicted below; 
USE OF FUNDS
Funds are to be used as follows; 
For more info, kindly visit;
Website: https://bitfence.io/
Whitepaper: https://bitfence.io/data/BitFenceWP-EN-1.6b.pdf
Telegram: https://t.me/bitfence
Twitter: https://twitter.com/BitFence_
Author: teepheh
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2142272