With the coming of the Internet, a lot of Digital fraud have come to especially ranging from the sales of fake and counterfeit products as well as malicious programs and the menace of hackers and other online scams.
The rate at which fake and counterfeit products are coming up this days is very alarming and this has caused a lot of detrimental effects to the users as they use a substandard product and to the companies as they incure the loss of competition from the fake products.
With the coming of the blockchain technology and digital currency and assets, the rate of cryptocurrency scams have also increased exponentially too as a lot of these users lose a lot of fortunes due to malicious products and phishing sites as well as the terrible effects of hackers. So this neccessaited the coming of a platform called MyShield
What is MyShield?
This is a decentralised anti scam platform that was developed to curb the menaces of the online scams that give troubles to most cryptocurrencies users. This platform composes of the MyShield application, the MyShield blockchain, Artificial Intelligence Providers as well as Enforcement service providers, Guarantees Providers, MyShield bounties and the MyShield Trust stamp.
The platform can be used by individuals as well as small business and large corporations.
Characteristics of the MyShield Platform.
The characteristics of this platform includes
- Giving users alerts against incoming scams, especially when they access a phishing site, or view a counterfeit item.
- Validation of Cryptocurrency transactions that will make sure a users wallet ID matches the one on the website and this will prevent the issues of hackers stealing tokens.
- It allows users to flag and report websites and items that are potentially dangerous and have the possibility to scam. This reports will be available on the blockchain and can be accessed by everyone.
The MyShield Token
This is an ERC20 token based on the ethereum blockchain and its have various uses on the MyShield Platform. It has a ticker of MSLD and it has a total supply of 1 billion myshield tokens.
The uses of this tokens include
- Premium subscription to the MyShield service
- Guarantee Programs that come with the premium service.
- It's used to create reports of scam on the platform.
- It's used to incentives users to encourage them to report on incoming scams.
- It's used in the payment and the validation of MyShield Trust stamps and its wallet
- Its a form of subscription payment for organisations and companies who wishes to use the BrandShield System.
- It's used as a form of payment to the MyShield enforcers.
Only about 40 percent of the total MyShield tokens will be available to the public where they can purchase it in the presale and the ICO
Conclusion
Thus, the MyShield platform will ensure that a user is safe as he or she accesses the Internet as well as the blockchain platform, thereby ensuring a lot of trust as well as the prevention of loss of assets. Thus, it's one of its kind in terms of Security.
For more information, please visit
Website: https://www.myshield.com/
WhitePaper: https://www.myshield.com/whitepaper/
Telegram: https://telegram.me/MyShield_TM
Facebook: https://www.facebook.com/MyShieldTM/
Twitter: https://twitter.com/MyShield_TM?lang=en
ANN: https://bitcointalk.org/index.php?topic=3179901.0
Author - hamzeto
https://bitcointalk.org/index.php?action=profile;u=1189991