The crypto world has become a target for hackers and once the security of your wallet or an exchange becomes compromised, there is nothing stopping a hacker from accessing and stealing your funds. Lets face it, no one is ever okay with a person just taking your hard-earned funds without your consent. With the anonymity that comes with cryptocurrencies, users find it impossible to retrieve anything that is lost. What could solve this menace is an insurance service that keeps all your assets safe.
Currently, the business of cryptocurrency that is majorly made up of startups and exchanges is not big enough to provide substantial revenues for the insurance industry. According to the study, North America’s largest cryptocurrency exchange Coinbase has only 2 percent of its coins insured with Lloyd’s of London. These coins are connected to the internet but not much is known about the rest of the coin’s insurance status.
Considering the instability of the cryptocurrency ecosystem, insurance for cryptocurrencies is imperative. Skyrocketing valuation of bitcoin and other cryptocurrencies has caused massive thefts of online wallets and exchanges an example being cryptocurrency worth five hundred million that was stolen from Japanese cryptocurrency exchange coin check in January this year. This is just one of the cryptocurrency ecosystem that has suffered what is probably the worst hack in cryptocurrency history but there are many others from every year, showing the severity of this issue.
The beauty of cryptocurrencies is that it gives back the power to the people due to its decentralization and you would think masses would flock to these ecosystems but with threats of their security being at an all-time high, people are hesitant about these digital assets. As a result, the crypto market has been unable to hit the trillion-dollar mark. There’s an estimation that if ten percent of the world starts investing in cryptocurrency, the market cap will hit the one trillion mark.
Under normal circumstances, in order to protect our assets ion the centralized world, we usually take the option of insuring these assets with different insurance services. With this comes a sense of security with the thought that if anything were to happen to the assets, it would all be okay. For cryptocurrency enthusiasts, the same sense of security needs to be implemented. There has been an emergence of crypto insurance services in the decentralized world of cryptocurrency.
ABOUT INZURA
This is where I want to tell you about this amazing way to ensure your crypto funds using INZURA insurance, the world’s first-ever insurance token that is built with the very best in class protocol implemented to safeguard the crypto asset. You can now be able to claim your loss of cryptocurrencies with the INZURA token.
INZURA has the best protocol implemented ensuring you get the best in class protection for your cryptocurrencies. Now there is a potential benefit to welcome new users to the crypto ecosystem without them being worried about losing their hard-earned money. INZURA has been built on Ethereum smart contract, undeniably one of the best platforms for a smart contract in the market. Its basically an ERC20 token that runs on the Ethereum blockchain. It not only protects your cryptocurrency but also protects ongoing ICOs getting rid of the fear of scams, hacks and losing your valuable hard-earned money.
CONCLUSION.
INZURA is developed and tested with best in the class protocol for insurance specially designed with cryptocurrency as the first priority. It is the best and next revolutionary project in the crypto ecosystem.
Links:
Website: https://www.inzura.world/
Whitepaper: https://www.inzura.world/static/media/Inzura%20Whitepaper%20v1.2.2.fe2b638e.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5106098.0
MVP: https://mvp.inzura.world/
Telegram: https://t.me/inzuraofficialgroup
Twitter: https://twitter.com/InzuraOfficial
Facebook: https://www.facebook.com/InzuraOfficial
Reddit: https://www.reddit.com/user/inzura_world
Medium: https://medium.com/@inzura.world
★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to INZURA OFFICIAL WEBSITE
