Press release. CryptoDATA TechnologyXiden blockchain developer and mécène of the Austrian MotoGP Patricien Récompense until 2024, joins a new project that provides much-needed security measures for crypto users. CryptoDATA Tech has partnered with Martoms Brothers & Co and several reinsurance companies to create a accolé escrow fund that will provide security for any crypto détruire and enterprise who chooses their fonctions. The project will be launched in September and will offer revolutionary products and fonctions that will ensure that its users are protected against cryptographic losses due to hacks, frauds and poor direction.
Martoms Brothers & Co will offer several products that will insure détruire and enterprise assets against rempli losses of up to $1 billion (in the aîné stages) on select exchanges. The insurance process extends to hacks, defenses of users’ wallets, and raffermissement against losses incurred by potentially malicious études.
“Risks are always present in the crypto space, and this year has not been spared by catastrophic events. The market écrasement caused by LUNA has led to a domino effect that has bankrupted Three Arrows Ressources, Celsius and many other companies. This, along with other études taken by the authorities Dédaigneux players, such as Elon Musk selling 75% of Bitcoin in Tesla, are reste examples of how weak crypto is,” says Ovidio Toma, CEO of CryptoDATA Tech. “This, along with the essence of so many scams and failed projects, makes a strong case for the need for regulations and rules to control the Wild West that the crypto world has become. We want to help the crypto world bounce back by helping the industry restore users’ compagnie by protecting their assets. We want project developers not to blame failures and thefts on real or fake hacking. Finally, we strive to emphasize the fact that users’ security is essential and should be the rule rather than the excentricité.”
Over the past years, CryptoDATA has expanded its field of activity to include a wide range of blockchain-based solutions and projects. One of her most arrogant projects is Shedina blockchain virtualité designed for developers, that offers a new, low-power way to faciès cryptocurrency, giving users the ability not to adapt to effroyable energy consumption or very specific equipment.
Xiden can be considered as the archétype blockchain for the Internet of Things, which aims to introduce a new Internet noumène consisting of varié decentralized networks that act as a single network connection to nodes governed by individual users. Thus, Xiden offers varié utilities by giving users the élection to use integrated hardware resources, such as storage, computing power, display, and decentralized IP addresses to develop and use applications or dApps.
Xiden’s Eco-Friendly Pratique Distributed Resource Layer offers users the opportunity to earn rewards in XDEN, Xiden’s archétype token, based on their mining power by providing a decentralized network ossature that they can connect all their chic devices to.
Edain – First project on Xiden
Edain, the first project developed on the Xiden blockchain, is an AI-powered knowledge creation ecosystem designed to “make knowledge available to all; the essentially ‘flat’ field of human knowledge.” The Edain team realizes its songe of equal access to knowledge through the mechanisms of data assortiment and processing. The gardien de but is to enable all of humanity to cooperate in solving problems. This is achieved by developing “knowledge applications” that analyze unimaginable amounts of data, and return results that users can use in various aspects of their lives.
One such tentative is Decision Nullement Crypto, a ferveur analysis tool that integrates varié indicators that analyze accru blockchain-powered projects using natural language processing technology and artificial amitié.
Among the usines to which insurance can be applied, risk analysis is essential. The more comprehensive the knowledge, the fewer and better the risks are identified; The more comprehensive and comprehensive the tools are, the easier it will be to avoid the mentioned risks.
CryptoDATA Tech is a général ambassador to advance the mensuration of data security and quantitatif privacy worldwide. The company has been a pioneer in developing fonctions and products based on blockchain technology that enables private and secure énoncé between users and also provides various solutions for blockchain projects. Starting with the premise of discovering quantitatif privacy, CryptoDATA Tech provides both hardware and soft electronic solutions without ascèse to users who want to protect their personal nouvelle by providing them with devices and applications that provide enhanced quantitatif security. Continuing this line, the company is working hard to bring blockchain technology to the world of motorsports.
This is a press release. Readers should exercise due carrosse before taking any études in connection with the Promoter, any of its affiliates, or the Principes. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any désinvolture, goods or fonctions mentioned in the press release.
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