Naoris Protocol Partnership & Community Round Raise
Elegantly fixing the World’s $10T Cybersecurity Problem
- Community/Private Round Raise exclusively on Lithium
- Cutting-edge cybersecurity solution for Web2 and Web3
- Novel consensus mechanism: dPoSec (Distributed Proof of Security)
- Up to 1m transactions, network state changes, processes per second
- Over $11.5m already raised from Draper Associates
Global infrastructure, energy, supply chains, IT, financial, governmental, and military systems are constantly under some level of cyber threat or attack from malicious actors. To combat this threat, global spending on Cybersecurity products is expected to exceed $1.75 trillion cumulatively over the next five years. Despite this, studies show that cybercrime damages will cost users, companies, and governmental entities around $50 trillion over the same period.
Clearly, the Cybersecurity space is in desperate need of rapid innovation and new, cutting-edge solutions. Enter Naoris Protocol, the world’s first blockchain-based cyber-enforced mesh HyperStructure. Don’t worry, we’ll explain these buzzwords in just a second, but here’s the translation for now: a kick-ass product that completely re-imagines cybersecurity and delivers groundbreaking solutions.
As the centralized model is so firmly established at the core of our digital world, cyber warfare, cyberterrorism and sophisticated hacks are exponentially increasing. The more complex the infrastructure of physical and virtual devices, the bigger the surface of risk, the bigger the number of single points of failure.
Therefore, the current Web2 ‘single point of failure’ model cannot be trusted.
Naoris Protocol provides decentralised security standards to centralised systems. What’s the big difference? Centralised systems are easily breachable: once the central unit in a centralised system is compromised, the entire system is usually compromised as a result. Decentralised systems, on the other hand, are far more difficult to breach. In fact, decentralised systems can only be breached when a hacker breaches 51% of the entire systems (also known as a 51% attack). Why is this? — because decentralised systems are maintained by all participants of the system, rather than a central unit.
To sum up, Naoris Protocol turns centralised systems into a decentralised cyber-security environment, by making each connected device in the system a validator node.
Naoris Protocol’s product offering is quite complex and extensive. We will make sure to explain all concepts in great detail in a series of videos, articles, threads, illustrations, and interactive missions on our Mission Control dashboard. Stay tuned!
The digitisation of virtually everything has made our lives infinitely easier, by enabling the rapid flow of data and value. This digitisation however has also introduced the risk of bad actors tampering with or stealing said data and value. This problem is fortified by the centralised nature with which data and value has been managed in the web2 era.
Current centralised cybersecurity relies on a static, 40-year-old ‘single point of failure’ model, that can be easily exploited, and the implications are frightening: bad actors are able to attack whole economies, endanger democracies, and threaten businesses both large and small, while destroying or stealing personal and/or sensitive data.
Current web2 Cybersecurity solutions rely on networks that treat linked devices as independent silos. As a result, these devices end up operating independently of each other and not in trustless harmony—allowing a whole system to be breached when only one of these devices is breached.
Cybersecurity solutions desperately need to move away from their single point of failure structure.
Naoris Protocol solves centralised Cybersecurity vulnerabilities by implementing a new consensus mechanism: Decentralised Proof of Security (dPoSec). This novel consensus mechanism turns devices in a previously centralised system into validator notes, resulting in a decentralised system. With this solution, Naoris Protocol turns previously untrusted network devices into trusted validator nodes.
The project's unique Mesh solution is device-agnostic, meaning it elegantly allows devices to become validators—regardless of whether these devices are phones, computers, or even self-driving cars (i.e. pretty much anything that can be connected to the network).
The most impressive part of Naoris Protocol’s solution is that it is completely complementary to any existing network. As a result, it provides complementary solutions for existing web2 Cybersecurity solutions, while also providing a foundational infrastructure for web3 cybersecurity solutions without competing with existing Layer 1 or 2 networks.
Naoris Protocol Token
The $CYBER token is at the core of the Naoris Protocol utility chain. The token is used in transactions between devices, which occur to validate transactions under the dPoSec consensus. The $CYBER token monetizes trusted Cybersecurity systems over a function of time, using the dPoSec consensus as an enabler and incentive to achieve cyber-secure networks. The value of the token is essentially tied to the trust and security of networks and systems.
In plain English, $CYBER does not require people to trade and transact the token monetarily for it to grow in adoption. For the token to increase in value, it requires networks to integrate Naoris Protocol and increase the amount of token holders.
As smart contracts and transactions create value for Ethereum using gas in the form of $ETH, dPoSec device validations create value by using $CYBER, as fuel for such transactions on the Naoris Protocol—$CYBER token acts as fuel for the whole ecosystem.
Again, we will share extensive info around the participants and their use of $CYBER as part of our educational content on Mission Control! Stay tuned!
Community Round Raise Details
All details around the raise will be announced soon.
More on the Lithium x Naoris Protocol Partnership
Lithium Ventures’ recently rolled out Mission Control feature will help Naoris (i) find high-intent investors and (ii) radically increase the engagement and growth of its existing community.
As mentioned, the technical complexity of Naoris Protocol’s product offering requires lots of educational content to familiarise both investors and clients. Lithium is a pioneer in producing educational content in the web3 space that is digestible for retail investors. Thus, Lithium is in a perfect position to not only facilitate Naoris Protocol’s community round raise but also produce a series of videos, articles, Twitter threads, quizzes, and other relevant content. Through its Mission Control dashboard, potential future users will receive rewards to engage with this content and grow from speculative investors to high-intent users.