ZenGo Creates NFT Hacker Attack Detector
According to reports, according to the team behind the encrypted wallet ZenGo, they created an NFT hacker attack detector in a simple way, which includes track…
According to reports, according to the team behind the encrypted wallet ZenGo, they created an NFT hacker attack detector in a simple way, which includes tracking the NFT transactions realized in the NFT market and comparing the transaction amount of the NFT series floor price. If the ratio between the two transaction values is suspiciously low, it will be marked as a potential hacker attack.
Encrypted wallet ZenGo team creates NFT hacker attack detector
Interpretation of the news:
The team behind the encrypted wallet, ZenGo, has recently developed an NFT hacker attack detector. This new invention tracks NFT transactions in the NFT market and compares them to the transaction amount of the NFT series floor price. If the ratio between the two transaction values is deemed suspiciously low, it is marked as a potential hacker attack.
The growing popularity of NFTs has led to an influx of investors and collectors acquiring rare digital assets for an exorbitant amount of money. However, with the high demand and price tags of these unique assets comes the possibility of hacker attacks. In recent years, the NFT market has faced multiple hacks and scams. Hence, the need for NFT hacker attack detectors has become a pressing issue in the industry.
The team behind ZenGo saw this need and developed a straightforward method to detect potential hacker attacks. The detector works by tracking NFT transactions in the market and comparing them to the transaction amount of the NFT series floor price. The floor price is the minimum price an NFT series will be sold for in the market. If this comparison reveals a low ratio between the two transaction values, the detector marks the transaction as suspicious and alerts the users of a potential hacker attack.
The development of ZenGo’s NFT hacker attack detector is a significant step in securing investments and digital assets within the NFT market. With this invention, investors and collectors can feel more secure in their transactions knowing that potential risks have been mitigated. Furthermore, this detector allows for a more trustworthy market, which, in turn, can lead to an increase in the demand for NFTs.
In conclusion, ZenGo’s NFT hacker attack detector is a groundbreaking invention in the NFT market. Its simple yet effective method of detecting potential hacker attacks can provide a safer environment for investors and collectors. As the world becomes more digitized, the development of innovative security measures such as this detector is critical in securing digital assets.
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