TheVault — April Update
TheVault is a Security Platform that comprises AI-Driven Fraud Detection, powering a Consensus Protocol and Consumer Protection Layer for Securing Blockchain Transactions. Our Goal is to build a Trust Layer for the transfer of digital assets, prevent fraudulent activities on the blockchain, and guarantee transaction finality between parties.
In this update, we wish to bring our community up to speed with the latest happenings and future plans.
1. Application Update
It has been difficult for most people to understand the exact mechanics behind our product so we are launching our project over three distinct phases:
Darwini — Named after the spider that spins the largest orb webs in the world, Darwini symbolizes the reach of our network.
Consensus partners contribute fraudulent address data to create grey/black lists stored on a secured Inter-Planetary File System (IPFS). They also serve as network nodes to maintain the Collective Intelligence Network and validate transactions. Darwini executes and prevents transactions to fraudulent addresses.
Huntsman — Known for its speed, agility, and its precision in hunting, the Huntsman reflects our Fraud Detection capabilities.
Data gathered from user activity are modelled into business logic, designed to detect transaction anomalies, prevent fraud, and human error before the transaction takes place. The Hunstman’s algorithm strengthens the AI engine with advanced business logic as the network grows, feeds Darwini the power isolate digital addresses from participation.
Goliath — A symbol of strength and security, Goliath will be the impenetrable fortress that protects our users.
TheVault Consumer Protection Layer is an end-user security code that provides security features optimized for each environment to protect against various hacking, phishing, pharming, malware and other threats.
Find out more about the project’s features here.
2. MVP Test Beta
Look out for our MVP Client to be released to strategic partners for testing in the next few weeks!
TheVault MVP was first written on Hyperledger and re-engineered on NEM. We are developing the next phases of the Consensus Network and Blacklist Database under DARWINI while we grow the network. Currently running on a private network, we are looking to include more node operators / beta testers to strengthen the network S.C.A.N. (Security Consensus Alliance Network).
Stay tuned for more information on S.C.A.N. and look out for our upcoming developer’s update with TheVault’s CTO, Jeff Middleton, for a sneak peek!
3. Bounty Airdrop
Look out for airdrops to be distributed on 8 May 2019. Before we begin, we’ll be starting bounty support from 29 April to 3 May 2019, 2359 hours (GMT+8) to assist our bounty participants with any ETH wallet address update only.
If you require an update, here’s a guide on the process :
Send us an email to support@thevault.foundation using your registered bounty email and provide us with your new ETH address clearly.
To verify and authenticate your identity, please provide us with either of the following -
- Original ETH wallet address or
- The bounties that you participated in — Telegram, Twitter, Medium, Facebook and/or LinkedIn
If you fail to provide the required information above or your answers do not match the original registration details, your bounty details will not be updated. Please ensure that you provide an accurate new ETH address as all changes are final after 3 May 2019, 2359 hours (GMT+8).
Please be reminded that bounty support will be open from 29 April to 3 May 2019, 2359 hours (GMT+8), any changes after will not be entertained.
Once again, thanks for participating in our bounty program and helping to spread the word about our security platform. For more information about our project, visit thevault.foundation.
Tokens are already tradeable on the following exchanges:
Stay connected with us
Facebook: https://www.facebook.com/vaultfoundation
Medium: https://medium.com/thevault-foundation
Telegram: https://t.me/thevaultfoundation
Twitter: https://twitter.com/vaultfoundation
