Security & Encryption mechanisms

Pools Chain places the utmost importance on the security and integrity of our network. We understand that safeguarding user data and transactions is paramount for a reliable blockchain system. As such, we have integrated a multitude of robust security measures and encryption techniques to ensure the integrity of our network.

Proof of Stake (PoS) Consensus Mechanism: Pools Chain employs the Proof-of-Stake (PoS) consensus algorithm. The participant to create the next blockchain block is selected based on how many POOLS the individual participants are currently staking.

PoS is similar to voting, although the process does not involve one person one vote. Instead, the participants known as validators are staking a certain amount of crypto behind the block that they want to add to the chain. This stake then determines their voting power. Various blockchains are setting different limits for this amount.

Strong Encryption: Data on Pools Chain is heavily encrypted, ensuring that users' personal information and transactions cannot be accessed illicitly. We employ industry-leading encryption standards to guarantee the security of data.

Authorized Valdiator: Candidates wishing to participate in the node running or validator role must undergo a comprehensive profile authentication. This verification encompasses platforms like Facebook, Telegram, Twitter, email, and personal websites. Pools Chain team will meticulously assess the details to ascertain whether they meet the criteria for integration into the system.

Boosted security: Staking can be seen as a financial motivator for the validator not to process fraudulent transactions. In case the network finds a fraudulent transaction, the validator will lose a part of their stake and the rights to take part in the future. As long as the stake is higher than the reward, the validator could lose more coins than it would be able to gain via fraud. It’s important to mention that to effectively control the network and approve fraudulent transactions, a node would have to own the majority stake in the network. This is also known as the 51% attack. It’s almost impossible to gain control of the network, and this is because you would need to get 51% of the circulating supply. In other words, to save money and create a disincentive for bad actions, PoS moves the incentive and punishment system into the blockchain. It’s important to highlight that it’s not making an investment in expensive hardware and electricity. On the other hand, the PoS participants invest in the token itself. They are also setting aside a certain amount of wealth as collateral. Based on the amount of collateral they wager, the network will select someone to build the next block. We are committed to making Pools Chain a secure, reliable, and trusted network for all participants. Our mission is to provide an advanced and secure blockchain platform to help shape a better digital future.

Artificial Intelligence (AI) Technology: Notably, Pools Chain integrates Artificial Intelligence (AI) technology to enhance its ability to detect and prevent fraudulent activities and network attacks. AI assists us in automatically monitoring and identifying anomalous activities within the network, thereby bolstering our responsiveness and protection.

We are committed to making Pools Chain a secure, reliable, and trusted network for all participants. Our mission is to provide an advanced and secure blockchain platform to help shape a better digital future.