Hacking attacks by hackers are quite common in the cryptocurrency market. Therefore, investors are taking measures to solve security problems in the Blockchain industry. In fact, in order to solve these problems, it is very important to understand them first. Today, many financial market investors are turning to cybersecurity-focused altcoin projects. Thus, they try to protect their wealth and increase their level of security.
The best altcoin projects focused on cybersecurity
Some of the cyber attacks related to cryptocurrency investment stand out more than other ways. These; phishing attacks, illegal trading platforms, third-party software and malware. The top 5 cybersecurity altcoins to watch in 2022 are listed below by market cap. The list goes from lowest market cap to highest. As Kriptokoin.com, we have prepared it for you.
5. Lossless (LSS)
For token creators, Lossless is a tool to prevent hacks. Altcoin freezes fraudulent transactions in the system, thanks to a set of fraud identification parameters. It then returns the stolen money to the beneficiary’s account. According to their website, Lossless includes a new layer of blockchain transaction security that protects selected projects and their communities from malicious exploits and associated financial losses. To make the DeFi space safe for future growth, Lossless set out to prevent and reverse impending hacks.
At today’s price, Loseless is changing hands at $0.1773. However, the project has a market cap of $9.82 million. 55.5 million of the LSS supply is in circulation. LSS is currently traded on KuCoin, Gate.io, Hoo, BKEX and Hotbit.
4. Quantstamp (QSP)
Quantstamp is an altcoin project that is currently the market leader in blockchain security. Blockchain solutions and capable security audits are offered by the project. The World Economic Forum, Binance, MakerDAO, Chainlink, eToro, and Ethereum 2.0 are just a few of the institutional bodies that have chosen Quantstamp to protect their blockchain applications. According to their website, Quantstamp’s mission is to secure the decentralized internet. It also aims to protect over $200 billion of digital asset risk from hackers. More than 250 startups, foundations and organizations work with Quantstamp to keep their innovative products safe.
The project had a market capitalization of $16.18 million at the time of writing. However, the QSP was changing hands at $0.02268. Interested investors can trade QSP on Binance, Huobi Global, Gate.io, Coinbase Exchange and Uniswap (V3).
3. PolySwarm (NCT)
Polyswarm is a decentralized marketplace for crowdsourced threat detection. The project provides a more efficient way to identify, assess and respond to the latest threats that are more likely to go unnoticed by traditional solutions. Thus, it acts as a testing ground for the latest technology and new threat detection techniques. Commercial products and proprietary engines compete to find threats and get paid based on performance.
With the use of an Ethereum ERC-20 token (NCT), PolySwarm facilitates market transactions. PolySwarm uses altcoin presence in their community and network to detect malware. Thus, NCT is essential to access the insights provided by the network and to award rewards to contributors of relevant cybersecurity data. At the time of writing, PolySwarm had a market cap of $28.8 million. However, NCT was trading at $0.01843. The token is available for purchase on BTCEX, MEXC, BingX, Huobi Global and Gate.io.
2. Utrust (UTK)
Utrust (UTK) was created to solve various problems in the cryptocurrency market. These problems include limited availability, insufficient transaction security, and expensive costs. Price volatility is one of the major problems with cryptocurrencies. Utrust protects sellers from market fluctuations and provides repayment option to consumers. Thus, it tries to protect both buyers and sellers from the consequences. The primary goal of the platform is to create a system that will support fast and seamless cryptocurrency transactions at lower costs.
In addition, the platform aims to enable buyers to shop securely. Utrust combines the best of legacy currency systems with Blockchain. Thus, it aims to provide a more reliable payment platform. At the time of writing, the altcoin project was changing hands at $0.1177 with a market cap of $55.3 million. You can buy UTK altcoin from many major crypto exchanges such as Huobi, KuCoin, Binance, Hotbit and Bitfinex.
1. Shentu Chain (CTK)
Shentu Chain is a delegated Proof-of-Stake (PoS) Blockchain with security being the top priority. DeFi ensures reliable execution of mission-critical applications such as NFTs and autonomous vehicles. However, the platform has a product called Security Oracle. Security Oracle provides real-time protections of on-chain transactions. It also identifies and flags a wide variety of dangerous security vulnerabilities before they occur. Alongside Oracle, Shentu Chain hosts a security protocol called ShentuShield. ShentuShield is a flexible, decentralized refund system for stolen assets.
Additionally, Shentu Virtual Machine (SVM), which is fully compatible with EVM, is used by DeepSEA. DeepSEA; Ethereum is a secure programming language used by Qtum and IBM. Accordingly, SVM creatively discloses blockchain security and smart contract information. Thus, it opens unheard of ways to access, review and account for risk factor smart contract decisions. With a market cap of $62.4 million, the altcoin is changing hands at $0.7745. CTK is currently traded on some top exchanges such as Binance, MEXC, Bybit, BingX and Gate.io.
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