The cryptocurrency market is growing rapidly, and with it, the number of cyberattacks. In 2021, there were over $10 billion in cryptocurrency-related hacks. This is why it is important for investors to be aware of the cybersecurity risks and to invest in projects that are taking steps to protect their users.
In this article, we will discuss five promising altcoins in the cybersecurity sector.
1. PolySwarm (NCT)
PolySwarm is a decentralized cybersecurity platform that uses blockchain to crowdsource malware detection. The platform has a network of over 100,000 nodes that are constantly scanning for malware. If a node detects malware, it will report it to the network and the malware will be blocked. PolySwarm is currently priced at $0.008805, down 0.77% in the last 24 hours.
2. Happy (HAPPY)
Happy is a decentralized security protocol that detects and prevents malicious activities on blockchains. The protocol uses a combination of machine learning and artificial intelligence to identify and block malicious transactions. Happy is currently priced at $9.76, down 0.67% in the last 24 hours.
3. Lossless (LSSC)
Lossless is a cryptocurrency aiming to recover lost funds due to hacks and malicious activity in DeFi ecosystems. The protocol uses a combination of blockchain technology and game theory to incentivize users to return lost funds. Lossless is currently priced at $0.1093, down 0.48% in the last 24 hours.
4. Shantu Chain (CTK)
Shantu Chain is a blockchain security platform for secure and trustworthy blockchain application development. The platform provides a variety of security features, such as smart contract auditing, vulnerability scanning, and penetration testing. Shantu Chain is currently priced at $0.4648, up 2.75% in the last 24 hours.
5. Forter (FRT)
Forter is a decentralized cybersecurity network using machine learning to prevent attacks in web3 protocols. The network uses a combination of machine learning and artificial intelligence to identify and block malicious traffic. Forter is currently priced at $0.1286, up 3.03% in the last 24 hours.
These are just a few of the many altcoins in the cybersecurity sector. As the cryptocurrency market continues to grow, it is likely that we will see even more cybersecurity projects emerge in the coming years.
It is important to do your own research before investing in any cryptocurrency, especially those in the cybersecurity sector. The cryptocurrency market is volatile and there is always the risk of losing money. However, the projects mentioned above are all making significant strides in the fight against cyberattacks and they could be worth considering for your investment portfolio.
The speaker in the video also encourages partnerships between DeFi projects and cybersecurity solutions to enhance security in the crypto space. This is a wise suggestion, as DeFi projects are particularly vulnerable to cyberattacks. By working together, DeFi projects and cybersecurity solutions can make the crypto space safer for everyone.
I hope this article has been helpful. If you have any further questions, please feel free to ask.