Today at IKONIC we are announcing a new feature in partnership with Lossless. This feature is directed at the security of our NFT marketplace. Let us take a deep look into it.
We are aware that even though the world of blockchain is the future, there are still some concerns, mainly with the ecosystem’s security. We have noticed that most of our members are wondering about the security features of IKONIC NFT Marketplace. IKONIC NFT Marketplace will have,
- Enhanced DDOS attack protection for our 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 we have these features ready for you, we know that security should be our number one priority and thus we 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 us 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. As one of the biggest entertainment industries in the world. Esports should have more freedom, and IKONIC is here to make that dream a reality.
Website | Twitter | Facebook | Telegram | Discord | Youtube
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.
Lossless protocol halts counterfeit transactions through various methods of fraud identification and automatically reverses any stolen tokens back to the original owner. Its solutions to the impending problems of cyber theft within the blockchain space are thorough and applicable within many protocols.
Twitter | Platform | Telegram | Discord | Website | Documentation | Github
