Many companies in the world are being attacked on a daily by Cyber hackers and a 2015 Ponemo report shows that the average time for this hack to be detected is over 250 days. These cyber attacks comes in several forms thereby making it difficult for the threats to be eradicated completely. Cyber threats increased with increasing network development inconveniencing internet users. Many companies have worked hard to minimize the rate at which cyber threats occur but most of them fail to fulfill this objective. Bitfence brings the solution to these problems.
WHAT IS BITFENCE??
Bitfence is advanced cyber security solution that will proactively identify hackers and distribute this profile information to the protected community over blockchain. The Bitfence platform system uses the customized Artificial Intelligence software to capture and go through cyber criminals signature, notifying users of threats alerts and providing threat protection to all of the participants.
BITFENCE ECOSYSTEM
Bitfence aims to minimize the average detection time of cyber threats and also adopt and deploy defense since approaches to mitigate other systems from similar cyber attacks.
The Bitfence ecosystem is built on 3 major parts-
• Installation of BitFence’s proprietary Distributed Sensor Network
• Analysis, Processing and ranking of malicious data gathered by miners through AI algorithms.
• Instant delivery if information to all users of the system, protecting them from similar threats.
Thе BitFеnсе suite оf security ѕоlutiоnѕ leverages a diѕtributеd honeypot nеtwоrk with glоbаllу lосаtеd ѕеnѕоrѕ to dеtесt, dеflесt, аnd counteract attempts аt unаuthоrizеd uѕе оn bоth enterprise-level аnd home nеtwоrkѕ.
The Bitfence technology uses mining tесhnоlоgу viа hоnеуnеt nodes, ореrаtеd bу thеir global соmmunitу. Members are able to minе аnd dеtесt threats and аrе rewarded with HNY tоkеnѕ which аrе аlѕо uѕеd in the BitFеnсе есоѕуѕtеm to рurсhаѕе protection services and this ensures соnѕiѕtеnt demand for HNY tokens.
BitFеnсе Thrеаt Intеlligеnсе Platform/Threat Intеlligеnсе Mаnаgеmеnt Plаtfоrm gathers, filters and analyzes data successfully. It receives threat information from miners and thoroughly analyses it. It deploys and updates all threat information received to subscribed systems in order to mitigate systems with the same or similar threats.
The Bitence Platform provides an interactive dashboard and gives users the choice to generate customizable reports.
HNY TOKENS
The HNY tokens is the official token of Bitfence platform ,it is an Ethereum ERC20 blockchain-based tokens. The HNY Token is a utility token that will work as a proof-of-threat token. The token enables anyone running his or her StingMiner to get the hackers fingerprints.Rewards for bitfence miners will be distributed through HNY tokens. Payments for subscription services will singly be conducted using HNY Tokens.
Token details
• Token Type: ERC20
• Token Minting Model: No pre-mint, minted on purchase, immediate delivery
• ICO Structure: 30 days pre-sale + 60 days main-sale
• Accepted Payment Methods: ETH, BTC, LTC, DASH
• Hard Cap: $50,000,000USD
• Base HNY Price: 1 ETH = 6000 HNY
The Token will be allocated as depicted in the picture below
Funds gotten from ICO will be used as follows-
In Conclusion, Bitfence offers protection from high threats,malicious payloads and other risky IP address just few seconds after being identified.
For more information-Website: https://bitfence.io/
Whitepaper: https://bitfence.io/data/BitFenceWP-EN-1.6b.pdf
Twitter: https://twitter.com/BitFence_
Telegram: https://t.me/bitfence
Github: https://github.com/BitFence
Authors details- https://bitcointalk.org/index.php?action=profile;u=2110856