What coin is PolySwarm(NCT)?

PolySwarm's (NCT) blockchain-powered platform revolutionizes cybersecurity by enabling collaboration and incentivizing threat intelligence sharing, empowering enterprises to enhance their security posture and mitigate risks.

Dec 03, 2024 at 01:23 am

What Coin is PolySwarm (NCT)?

PolySwarm (NCT) is a blockchain-based platform that enables the distribution and validation of threat intelligence. It allows security vendors and researchers to share and collaborate on threat data, and in return, they are rewarded with NCT tokens.

Overview of PolySwarm (NCT)

PolySwarm is a cybersecurity platform that uses a distributed network of threat intelligence analysts to identify and mitigate security threats. The platform incentivizes analysts to contribute their expertise by rewarding them with NCT tokens.

NCT is an ERC-20 token that is used to pay for services on the PolySwarm platform. Analysts who provide high-quality threat intelligence are rewarded with NCT, and users can also purchase NCT to access threat intelligence data.

PolySwarm has been adopted by a number of large organizations, including Airbus, Boeing, and Deloitte. The platform has been praised for its ability to improve the accuracy and efficiency of threat intelligence sharing.

How Does PolySwarm Work?

PolySwarm works by connecting threat intelligence analysts with enterprises that need their services. Analysts can submit their threat intelligence data to the PolySwarm platform, and enterprises can then purchase access to this data.

The threat intelligence data that is submitted to PolySwarm is validated by a network of analysts. This validation process helps to ensure that the data is accurate and reliable.

Once the threat intelligence data has been validated, it is made available to enterprises through the PolySwarm platform. Enterprises can use this data to improve their security posture and mitigate threats.

Benefits of Using PolySwarm

There are a number of benefits to using PolySwarm, including:

• Improved security posture: PolySwarm can help enterprises improve their security posture by providing them with access to the latest threat intelligence data. This data can help enterprises identify and mitigate threats before they can cause damage.
• Reduced costs: PolySwarm can help enterprises reduce costs by providing them with access to threat intelligence data that is validated by a network of analysts. This data can help enterprises avoid making mistakes that could lead to costly security breaches.
• Increased efficiency: PolySwarm can help enterprises increase efficiency by providing them with access to threat intelligence data that is centralized and easy to use. This data can help enterprises respond to threats quickly and efficiently.

How to Use PolySwarm

To use PolySwarm, you will need to create a wallet for storing NCT tokens. You can download a wallet from the PolySwarm website.

Once you have a wallet, you can purchase NCT tokens from a cryptocurrency exchange, such as Binance or Huobi.

You can then use your NCT tokens to access threat intelligence data on the PolySwarm platform.

Conclusion

PolySwarm is a blockchain-based platform that can help enterprises improve their security posture, reduce costs, and increase efficiency. The platform incentivizes analysts to share their expertise, and it provides enterprises with access to a wealth of threat intelligence data.