Dallas, Texas--(Newsfile Corp. - March 8, 2022) - The Essential Coin team is happy to announce the security measures instituted in their coin have proven to be effective in protecting investors. They have acknowledged the security threats that the average individuals face and have designed their project to fight against those faults in crypto. The core team has put the following measures in place to maximize the security of The Essential coin holders.
Essential Coin Security Measures
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Audits
Just like in other aspects of business and finance, audits are a reliable way to make sure a crypto coin is trustworthy. There are numerous auditing companies that deal with crypto - Hacken, RunTime Verification, QuantStamp, BlockAudit and Audithor, just to name a few. Two well-known names in auditing, Certik and Techrate, are known as the gold standards of crypto security. Without an audit being conducted, suspicious and fraudulent activity can go undetected to amateur and veteran crypto investors alike. The Essential Coin has employed both of these top companies to audit their coin, thus assuring holders that their investment is in good hands. After a preliminary report was issued with some minor issues, the team corrected the issues found and received a passing grade. Both reports from Certik and Techrate passed The Essential Coin contract with flying colors.
Multi-sig Wallet
There are many forms of scamming in the crypto world. This can take place as a group or by having a bad seed within the team when all team members have full power to make changes and transfers. Though the team has full trust in the intention each one has, The Essential Coin team utilizes a team wallet that requires multiple approvals before any transfer of funds can take place. This means no single member can remove any funds from wallets for any purpose that doesn't...