What is PolySwarm currency
What is PolySwarm currency
PolySwarm is a decentralized marketplace for security experts to detect, identify and respond to the latest cyber threats. It is powered by blockchain technology which enables users to trade digital assets called PolySwarm (NCT) tokens. These tokens are used as a currency within the platform, allowing users to purchase services such as threat intelligence or access specialized tools and resources that can help them stay ahead of emerging threats.
The goal of PolySwarm is to create an open ecosystem where anyone can participate in detecting malicious activity on their networks, without relying solely on centralized solutions like antivirus software or managed security services providers (MSSPs). By leveraging blockchain technology, it allows participants from around the world - including malware analysts, researchers and hackers -to compete against each other in order identify new potential threats before they become widespread. This creates an incentive system that encourages collaboration between experts while also providing rewards for those who successfully detect malicious activity first.
The NCT token serves several purposes within this ecosystem: it provides incentives for contributors who accurately identify new malware; it helps fund research into developing better methods of detection; and finally it acts as a medium-of-exchange when purchasing products or services related cybersecurity activities from other members of the network.. As more people join Polyswarm’s global community – both buyers & sellers – demand increases driving up value over time creating great opportunities investors looking capitalize on this trend early .