By While mainstream adoption of the blockchain technology continues to be on the rise, crypto grifters continue to devise new ways to swindle victims. Crypto crime has risen by 312% yearly since 2016 on average and confirmed data says almost $2 billion worth of cryptocurrency was carted away by crypto thieves in the first half of 2022 alone.
Now, the only way to stop them is for the industry to shore up security mechanisms and we have blockchain networks doing that already. Check out below how TMS Network (TMSN) which is in the second phase of its presale, Tezos (XTZ) and DAI (DAI) are upping their games to provide hardened security against crypto theft.
TMS Network (TMSN)
As a decentralized exchange (DEX) operating on the Ethereum blockchain, TMS Network (TMSN) provides investors with a safe and reliable trading environment by offering a user-friendly interface.
One of the most compelling features the TMS Network (TMSN) offers is its topnotch security measures, including encryption, multi-sig wallets, and regular security audits, to ensure the safety and security of its traders’ assets and transactions. Apart from leading the way in decentralized trading, TMS Network (TMSN) focuses on textbook security apparatus, all in a bid to guarantee maximum efficiency.
TMSN token holders have exclusive access to platform features like reduced trading fees, increased staking rewards, and voting rights for platform governance decisions. Little wonder that developers are now flocking in droves to the TMS Network (TMSN) platform due to its amazing features.
Tezos (XTZ)
Tezos (XTZ) is gradually growing into one of the more robust networks on the market as it reportedly hosts over 70 decentralized applications (dApps).
The self-amending blockchain protocol boasts of high scalability and ensures the platform is secure enough for users. To tackle prevalent security concerns, Tezos (XTZ) is designed to facilitate formal verification, which helps secure smart contracts and avoid buggy code.
Also, unlike other PoS protocols, any stakeholder on the Tezos (CTZ) network can participate in the consensus process and be rewarded by the protocol itself for contributing to the security and stability of the network.
DAI (DAI)
DAI (DAI) is an algorithmic stablecoin operated by MakerDAO which is a decentralized autonomous organization (DAO). In order to help keep the system as secure against bad actors as possible, just like TMS Network (TMSN), the Maker developers included a feature known as the Emergency Shutdown Process.
The Emergency Shutdown Process may be triggered by a select group of trusted individuals who hold the global settlement keys. If the process is triggered, the entire Maker Protocol freezes. Holders of DAI will be able to exchange it for their original collateralized assets before the entire protocol begins winding down.
Making Tezos (XTZ) one of the most secure and stable method of payment in the ecosystem.
In Conclusion
With crypto thefts rising at an alarming rate, we’ve seen how emerging blockchain networks are deploying techniques to mitigate the threat. Leading the pack is the TMS Network (TMSN) and others have been mentioned.
It wouldn’t come as a surprise when you discover that users, enthusiasts and developers are trooping in droves to TMS Network (TMSN).
With this, there’s no need to wait around. The TMS Network (TMSN) presale is now in its second phase, with a market price of $0.038. Having acquired over $2.5 million in public and private sales already, it’s only a matter of time until the second phase ends. It’s important to ape in before it’s too late.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetwork
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