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Public blockchain security, in general
Public blockchains, like Ethereum, are decentralized networks that allow anyone to join and validate transactions. The codebase of these blockchains is publicly available and continuously monitored by a community of developers who review it for bugs, vulnerabilities, and other issues.
The security, features, and efficiency of these blockchains are continuously examined and improved by leveraging the collective expertise of open-source communities.
The responsibility for securing the network is distributed among all participants, including validators, node operators, developers, and users, making it resilient against various types of attacks.
How are blockchains secured?
Blockchain technology is a distributed digital ledger system consisting of a network of computers called nodes, which validate and record transactions.
There is no centralized authority or point of failure, and each participant maintains a copy of the ledger. Transactions are recorded on blocks, which are verified by consensus mechanisms such as Proof-of-Work and Proof-of-Stake.
Once a block is full, it is sealed and linked to the previous block using a cryptographic code, forming a chain. The ledger is distributed across numerous computers, making it difficult to tamper with a block, and any suspicious activity can be quickly identified.
NFTAP Security (Trading)
NFTAP is committed to providing a safe and secure platform for trading NFTs. We use a variety of security measures to protect your information, including:
No storage of private keys or credit card information on our servers
We do not store credit card information or private keys on our system, so your information is always secure.
Regular security audits and updating our tools and technology
We conduct regular security audits, update tools and technology patching, and adhere to Google’s and Apple’s strict developer guidelines to ensure adequate security measures.
Access control mechanisms
We implement access control mechanisms, identifying who is authorized to interact with assets such as the blockchain smart contract. Common techniques utilising encryption algorithms and rate limiting are frequently used to bolster security. Role-based access for staff is enforced to limit the range of actions available to each user.
Addition
In addition to these security measures, we also have consultations with a team of security experts who are dedicated to protecting your information. If you have any concerns about security, please get in touch with us. Here are some additional tips for keeping your NFTs safe:
01
Choose a strong password and keep it safe. Make sure your password is strong and unique. Avoid using the same password for multiple accounts
02
Be cautious while clicking on links as phishing attacks are prevalent. Only trust links that you know are safe.
03
Keep your software up to date: It is important to keep your software up to date as software updates often include security patches that can help protect you from vulnerabilities.
04
By following these tips, you can help to keep your NFTs safe and secure.
NFTap is creating the world's first NFT ecosystem accessible to everyone. Trading/Exchanging NFTs involves a significant risk of loss and is not suitable for all investors. NFTap Co is not liable for substantial losses.
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