top of page

Everything You Need to Know About PolySwarm Cryptocurrency

Polyswarm is a decentralized threat intelligence market that uses Ethereum smart contracts and blockchain technologies to operate. Polyswarm rewards fast and accurate threat intelligence about the malintent of files, network traffic, and URLs with exact economic incentives in the $8.5 billion anti-viruses and automated cyber threat intelligence arena. PolySwarm is a real-time threat detection ecosystem made up of businesses, consumers, providers, and security experts from all around the world. Experts create and fine-tune competing “micro-engines” that independently analyze the latest risks in order to surpass their rivals. Threat detection accuracy is PolySwarm’s “Proof of Work”: the market pays specialists who can best defend corporations and end-users.

PolySwarm will lower the barrier to entry, provide larger coverage options, discourage duplication of effort, and ensure interoperability among products and threat intelligence streams, compared to today’s ad hoc market.

PolySwarm is a skill-required variation on a prediction market2, with thousands of micro-engines (“workers”) exploring the latest in malware evolution at machine speed – no humans involved.

PolySwarm will be created by PolySwarm Pte. Ltd. utilizing funds raised via ERC20-compliant token sales.


PolySwarm Roadmap


V0.1 Alpha.


A “Bounty Manager” smart contract that keeps Bounty Amounts and Fees, receives Assertions, publishes Verdicts, and compensates accurate Experts is included. Posting and retrieval of artefacts to and from non-PolySwarm storage (e.g. S3 and/or IPFS)

At Bounty expiration, a prototype method for picking Arbiters has been developed. Bounty publishing, Assertion response, and Arbiter ground truth determination reference implementations.


V0.2 Beta

Offer Channels: Setup of distributed channels, multiple offers over a single channel, and NCT settlement at channel close

Offer production and response implementation as a model

Arbiter ground truth notification and response implementation as a reference Smart contracts for fee collection and distribution

Investigate and quantify the level of confidence (in NCT) required for a given Artifact volume.

Bounties and Offers development toolkit: a test and implementation framework for Experts and Ambassadors to automate Bounties and Offers services.


V0.3 Gamma

Worker Description Language (WDL) describes artefact analysis capabilities and expert authorship attribution (for reputation) in a distributed, searchable registry. Pre-deadline confidentiality Bounty Assertions

Finalize Selection of arbitrators, their responses, and the end-to-end process Feedback loop with a bounty.


V1.0 Stable

Prior to moving from the PolySwarm testnet (test tokens) to the real PolySwarm market, PolySwarm Stable will focus on fixing problems in PolySwarm Gamma.

The threat detection marketplace will use PolySwarm’s nectar (NCT) token, which operates on the Ethereum blockchain.

Here’s how it works: PolySwarm allows users to submit URLs or files to be scanned for malicious code that may be included in them. An automated engine then compares the user-submitted file to a list of other “safe” codes, determining whether it is malicious or not. Nectar tokens are used to conduct transactions for this service, and they are also rewarded to software partners and customers who use PolySwarm.


Security specialists will compete in the marketplace to spot dangers and defend users from them. Nectar tokens will be awarded to those who accurately identify risks. To access the marketplace, both sellers and buyers will require nectar tokens.


PolySwarm’s marketplace is home to over 55 engines, including Crowdstrike, Sentinel One, and Kaspersky. PolySwarm CEO Steve Bassi told CoinDesk that Microsoft and Verizon are among the company’s biggest customers.


The term “token” is tossed about a lot in the blockchain and ICO industry, and it can be difficult to tell them apart. While the distinctions are hazy and not yet defined, one thing is certain: the idea of employing the PolySwarm ecosystem’s utility coin, Nectar. You could be asking yourself, “What does that even mean?” Here’s all you need to know about Nectar, our token, and how it fits within the PolySwarm ecosystem.


Isolation of the Market Using Tokens (Nectar) We elected to build our own utility token, Nectar, which will be utilized to power transactions within the PolySwarm ecosystem.


What we mean is that if PolySwarm participants transacted directly in Ether (ETH), Ambassadors would be incentivized to buffer a number of Enterprises’ artifacts until the value of ETH falls below a certain threshold, lowering the Ambassador’s Bounty placement cost and, as a result, increasing profit.

This self-centered approach may benefit the Ambassador in the short term, but it will result in a tragedy of the commons, in the long run, potentially producing gridlock due to delayed Bounties (or even delayed Assertions placed on Bounties).


We expect PolySwarm bounties to operate on day or week timescales, orders of magnitude longer than minute fluctuations in ETH value, when considering the ground truth feedback mechanism.


In a Nectar-based PolySwarm, on the other hand, we may set the price of Bounty placement (in terms of NCT required) irrespective of ETH price variations, allowing us to implement stability methods and reduce the return on micro timing decisions that would otherwise be perverse incentives.


The Challenges The current environment is a market for silver bullets. Both buyers and sellers are in the dark: vendors have no idea what hazards they’re missing, and buyers have no way of distinguishing between sellers. As a result, the market settles for “best practices,” as defenders refer to them, and “cargo cult,” as adversaries refer to it. In today’s market, overlapping coverage among competing items is rewarded. For all parties, this means duplication of expense and work.


Today’s market leaves no room for specialist knowledge, resulting in a loss in overall coverage. In today’s market, being able to detect esoteric threats is meaningless unless you can also detect WannaCry, which everyone can detect. There’s no need to apply if you’re in a niche.


Interoperability is not rewarded in today’s market, making combinatorial coverage impossible.


Consider the following Venn diagram depicting the panorama of dangers to businesses:



Antivirus A will cover a segment of this landscape (the left circle), whereas Antivirus B will cover a portion of the landscape that partially overlaps with A’s (the right circle). The black color depicts all of the dangers that both products overlook.

Because businesses can’t utilize both products, they must pick one that “best fits” their predicted danger profile and accept the risk of threats that are only guarded by one of the products:


PolySwarm is an attempt to decentralise the threat intelligence market in order to address these market flaws.

Developers can programme new markets using blockchain-based smart contracts (Ethereum today, Tezos tomorrow?). PolySwarm is a pre-programmed market with carefully crafted incentives that address the flaws and hazards of today’s ad hoc market.


CISOs will be able to get more sleep, and businesses will be able to acquire better protection for less money, thanks to a decentralised market. Here’s how to do it:

Participation obstacles are removed as a result of decentralisation. Security specialists from all over the world who are skilled at reverse engineering or can provide unique insight will be able to put their skills to use from the comfort of their own homes or wherever (and whenever) they wish to work. There was no HR department, marketing, or sales; it was just pure research.


Decentralization necessitates the use of open source software that is interoperable. Rules specified in smart contracts and enforced by the community must be followed when participating in the PolySwarm marketplace. Enterprises will no longer be obliged to select the “least worst” or “best fit” solution; instead, they will be able to mix and match intelligence that addresses their threat profile.


PolySwarm encourages threat detection accuracy. If you are a security specialist who detects badness better than your peers, your reputation precedes you.


PolySwarm rewards only constantly evolving, precise threat detection, so as an enterprise, you can rest easy.


PolySwarm is a marketplace for specialist services. PolySwarm’s incentive structure promotes specialist threat detection disproportionately.


PolySwarm’s security specialists will be rewarded for standing out, dispersing talent throughout the threat landscape, tackling more dangers than is currently possible, and avoiding the overlap concerns that plague the industry today.


Price + Chart



This material is not intended to be a recommendation or recommendation for ICO investment. Please do your own research before deciding whether or not to participate in the ICO. Thank you for reading my article. Do share it with your curious friends and families and let me know your thoughts about the Polyswarm cryptocurrency in the comment section.



 
 
 

Comments


Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square

Billing & General Support - 

Disclaimer: “Day trading can be extremely risky…You should be prepared to lose all of the funds that you use for day trading. In particular, you should not fund day-trading activities with retirement savings, student loans, second mortgages, emergency funds, funds set aside for purposes such as education or home ownership, or funds required to meet your living expenses. Further, certain evidence indicates that an investment of less than $50,000 will significantly impair the ability of a day trader to make a profit. Of course, an investment of $50,000 or more will in no way guarantee success.”

 

MOJO Day Trading is a provider of stock market education. MOJO Day Trading is not a registered as an investment adviser either with the U.S. Securities and Exchange Commission or any other federal, governmental or regulatory authority. The business services and activities of MOJO Day Trading do not requires any such registrations. You understand and acknowledge that there is a very high degree of risk involved in trading securities. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented are for educational purposes only. Such picks, alerts, set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment. Any and all information discussed is for educational and informational purposes only and should not be considered tax, legal or investment advice. A referral to a stock, commodity, cryptocurrency is not an indication to buy or sell that stock, commodity or cryptocurrency.

 

MOJO Day Trading may publish testimonials or descriptions of past performance but these results are NOT typical, are not indicative of future results or performance, and are not intended to be a representation, warranty or guarantee that similar results will be obtained by you. Michael Rich’s experience with trading is not typical, nor is the experience of students featured in testimonials. They are experienced traders. Becoming an experienced trader takes hard work, dedication and a significant amount of time. Your results may differ materially from those expressed or utilized by MOJO Day Trading due to a number of factors. We do not track the typical results of our current or past students. As a provider of educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. 

 

Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

 

If you do not agree with any term or provision of our Terms and Conditions you should not use our Site, Services, Content or Information. Please be advised that your continued use of the Site, Services, Content, or Information provided shall indicate your consent and agreement to our Terms and Conditions.  

 

Copyright (c) MOJO Day Trading, LLC. 2012-2025. All Rights Reserved. No part of this presentation, webinar or any of its contents may be reproduced, copied, modified or adapted.

This does not represent our full Disclaimer. Please read our complete disclaimer
 

bottom of page