What is PolySwarm(NCT) coin?

PolySwarm incentivizes security professionals to contribute their expertise, ensuring a robust threat intelligence ecosystem.

Nov 29, 2024 at 10:50 am

PolySwarm (NCT): A Comprehensive Guide to the Threat Intelligence Platform

Introduction

PolySwarm (NCT) is a groundbreaking blockchain-based threat intelligence platform that empowers organizations to safeguard their networks by leveraging the collective knowledge of a vast network of security experts. Unlike traditional threat intelligence solutions, PolySwarm incentivizes security professionals to contribute their expertise, creating a robust and dynamic threat intelligence ecosystem.

Understanding PolySwarm

PolySwarm serves as a marketplace where organizations can access on-demand threat intelligence from a global pool of security researchers and analysts. The platform utilizes a unique consensus mechanism that rewards contributors based on the accuracy and value of their intelligence. This approach incentivizes experts to provide high-quality information, ensuring that organizations gain access to the most reliable threat insights available.

Benefits of PolySwarm

Organizations that adopt PolySwarm gain significant benefits, including:

• Enhanced Threat Visibility: PolySwarm provides access to a comprehensive collection of threat intelligence, giving organizations a comprehensive view of the latest threats and vulnerabilities facing their networks.
• Improved Threat Detection: By leveraging the collective expertise of security experts, PolySwarm enables organizations to detect and respond to emerging threats more quickly and effectively.
• Reduced Cyber Risks: The actionable intelligence provided by PolySwarm helps organizations mitigate cyber risks, protect their assets, and improve their overall security posture.
• Collaborative Ecosystem: PolySwarm fosters a collaborative ecosystem where security professionals can share their knowledge and expertise, leading to continuous innovation and improvement in the field of cybersecurity.

PolySwarm Network

The PolySwarm network consists of three primary participants:

• Contributors: Security researchers and analysts who contribute threat intelligence to the platform and earn rewards for their contributions.
• Validators: Experts who evaluate the quality of threat intelligence submissions and maintain the integrity of the network.
• Consumers: Organizations that subscribe to the PolySwarm platform and leverage the threat intelligence to improve their security postures.

PolySwarm Coin (NCT)

What is PolySwarm Coin (NCT)?

PolySwarm Coin (NCT) is the native cryptocurrency of the PolySwarm platform. NCT serves multiple functions within the ecosystem:

• Reward Mechanism: NCT is used to reward contributors for sharing high-quality threat intelligence. Contributors receive NCT tokens proportional to the value of their submissions as determined by validators.
• Governance: NCT holders participate in the governance of the PolySwarm platform by voting on proposals that affect the network's policies and operations.
• Market Participation: NCT can be bought, sold, and traded on cryptocurrency exchanges, enabling market participants to speculate on the value of the token.

How to Acquire NCT

NCT tokens can be acquired through the following methods:

• Earning: Contributors earn NCT by submitting valuable threat intelligence to the PolySwarm platform.
• Purchasing: Individuals can purchase NCT on cryptocurrency exchanges using fiat currencies or other cryptocurrencies.