IKONIC are aware that even though the world of blockchain is the future, there are still some concerns, mainly with the ecosystem’s security. They have noticed that most of its members are wondering about the security features of IKONIC NFT Marketplace. And the NFT Marketplace will have,
- Enhanced DDOS attack protection for their servers, traffic, and databases
- IPFS storage for all NFTs
- Smart Contract execution with signed transactions only
- Thoroughly tested and vetted UI and back-end platform
- Audited smart contracts
- Redundant deployment to multiple Cloud Services including some with the most cutting edge technologies to provide failover and high availability in cases of censorship by states or partner enterprises
However even though they have these features ready for you, they know that security should be their number one priority and thus IKONIC have partnered with Lossless to provide new security measures for you.
In partnership with Lossless, IKONIC will add a new protocol. This feature will allow IKONIC to minimize the effects of fraudulent transactions since the Lossless Protocol freezes fraudulent transactions based on a set of fraud identification parameters and returns stolen funds back to the owner’s account.
Lossless protocol is based on 3 pillars,
Urgent Freezing
Lossless API allows hack-spotting bots to detect and freeze fraudulent transactions, securing rewards for the bot’s creator.
Fraud Analysis
The Lossless Decision-Making Body views frozen transactions, assesses suspected fraudulent behavior and makes a decision to freeze the recipient’s address permanently.
Reversing Stolen Funds
The Decision-Making Body enacts a proposal for transaction reversal, and the code reverts stolen funds back to the owner’s address.
IKONIC CEO Sebastian Diaconu stated, “ We are extremely happy to bring this new security feature to our members. Through this partnership, IKONIC NFT Marketplace will be much more secure. As we get closer to our launch, we are aware that most projects suffer from security issues, we are happy that this will not be the case with IKONIC.”
About IKONIC
IKONIC is the world’s first Esports NFT marketplace. IKONIC aims to bring forth a revolution for gamers, and esports players by offering them the necessary tools to earn from their creations. By combining blockchain technology with state-of-the-art video editing software, IKONIC targets to create a new generation of Esports players that can own their moments.
About Lossless
Lossless is the world’s first DeFi hack mitigation tool for token creators. Apart from Lossless’ known cyber security solutions and renowned professionals, the community also plays a role. With a tangible reward system, community members are also encouraged to explore new ways to detect hacks and fraudulent transactions.
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