Real-time threat detection and analysis

PolySwarm (NCT), which means “Nectar”, is a cryptocurrency used in the PolySwarm ecosystem.

PolySwarm is a blockchain-based threat intelligence platform that aims to improve cyber security by providing a marketplace where security experts or “experts” can develop and offer their own threat detection solutions (microengines) to help organizations defend against cyber threats. NCT is used to facilitate transactions in this market.

This is how the PolySwarm ecosystem works in general

• Security Experts: Security experts create and submit their own threat intelligence engines to PolySwarm. These micro-engines are used to detect threats and malware.

• Arbitrators: Arbitrators play an important role in the ecosystem by determining the accuracy of threat detection. They evaluate micro-engines provided by experts and help determine the ground truth about threats

• Marketplace: Organizations looking to strengthen their cyber security can access the PolySwarm marketplace to purchase access to expertly developed threat detection engines. NCT tokens are used for transactions in this market.

• Incentives: Participants, including security experts, are rewarded with NCT tokens for their contribution to the ecosystem. This encourages the development of high-quality threat detection engines.

Disclaimer. This article is for informational purposes only and should not be considered an endorsement by Coinidol.com. The information provided is collected by the author and is not sponsored by any company or token developer. They are not a recommendation to buy or sell cryptocurrency. Readers should do their own research before investing in funds.