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PARSIQ Introduces New Multi-Chain Monitoring System To Mitigate Losses And Thefts

As blockchain know-how expands to new horizons, there was a major rise within the frequency of cyberattacks and different malicious makes an attempt, posing important safety considerations inside the cryptoverse.

Amidst the rising demand for real-time monitoring options, PARSIQ, a fully-featured ecosystem of decentralized monitoring and automation companies, has launched its latest product, TRACKR, explicitly developed to deal with the rising considerations of unauthorized exercise in blockchain-based merchandise. PARSIQ’s on-chain monitoring options energy an array of real-world use instances powered by blockchain know-how, particularly next-generation decentralized backend techniques.

PARSIQ’s newest addition to its present suite of on-chain monitoring instruments supplies real-time insights and alerts to customers associated to unauthorized login makes an attempt and transactions of their digital wallets. With an increasing number of DeFi platforms focused by hackers, TRACKR is a much-needed safety measure to discourage undesirable exercise.

In line with the PARSIQ workforce, TRACKR provides real-time notifications and detects malicious makes an attempt earlier than hackers get an opportunity to execute their plans. As such, it permits customers to undertake countermeasures even earlier than the underlying blockchain validates the “unauthorized” transaction.

At current, PARSIQ’s TRACKR resolution delivers multi-chain knowledge monitoring throughout main blockchain networks, together with Bitcoin, Ethereum, Algorand, Binance Good Chain, Solana, Huobi Eco Chain, Polkadot, Celo, and Sprint. TRACKR may monitor on-chain exercise over APIs and webhooks, cementing itself because the go-to monitoring resolution for mitigating losses and thefts.

Bridging On-Chain Knowledge With Off-Chain Purposes

By design, PARSIQ supplies seamless and direct integrations between blockchain networks, off-chain functions, and knowledge suppliers. Accordingly, it’s totally outfitted to assist a big selection of makes use of.

The platform provides a blockchain monitoring instrument that caters to the wants of each service suppliers and particular person merchants. Utilizing PARSIQ’s cloud-based on-chain monitoring resolution, anybody can arrange real-time notifications for wallets and tokens. Moreover, PARSIQ provides compliance and threat administration instruments that OTC desks, fee suppliers, and crypto exchanges can use.

Since its launch, the PARSIQ workforce has been busily including new milestones to its record. This yr, the platform has secured upwards of 4 dozen strategic partnerships throughout DeFi and TradFi ecosystems. With ties to a number of outstanding tasks and protocols inside the cryptoverse, PARSIQ continues to increase its product suite to accommodate a rising vary of use instances, together with DeFi, TradFi, in addition to AML and KYC processes.

PARSIQ not too long ago launched its IQ Protocol, the primary risk-free and collateral-less lending and borrowing resolution within the DeFi sector. Powered by the platform’s native PRQ token, IQ Protocol supplies everybody with a possibility to construct their very own “subscription-as-a-service” enterprise mannequin with a round economic system.

Calculatingly, the IQ Protocol provides superior customization options for creating new token fashions as per particular person wants. It introduces a brand new method of including token utility by the implementation of “Energy Tokens.” Not like the native tokens of any platform, which characteristic restricted utility, Energy Tokens generate utility over time. Because of this, Energy Token holders acquire the choice of “subscribing” to one thing reasonably than shopping for it.

Placing the thought of Energy Token to work, anybody can create subscription-based enterprise fashions. As an example, a content material creator can add Energy Tokens for his or her movies and supply them through subscription to viewers. Since every Energy Token may have utility over a set interval, it may readily be used to subscribe to channels.

Equally, Energy Tokens can spark a paradigm shift within the NFT and play-to-earn (P2E) gaming industries. As of now, nearly each participant has to purchase the in-game gadgets outright. As soon as bought, the one method a participant can recoup their funding is by promoting it to another person through secondary marketplaces. Because of this, most gamers hesitate to buy in-game gadgets. Nevertheless, with Energy Tokens, recreation builders can permit gamers to as an alternative lease in-game gadgets for mounted durations. It will let extra gamers check out in-game gadgets and concurrently allow recreation builders to construct new income streams.

Backed by main buyers just like the Solana Basis and Axia8 Ventures, PARSIQ has cemented its place because the go-to resolution that connects on-chain knowledge with the off-chain ecosystem whereas retaining issues easy, cost-efficient, and extremely scalable.

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