Safety and risk control system: PACIFIC "escorts" the safety of user funds

 

In the past, some industries had many problems and could not solve the problems caused to users by data leakage and big data killing. Under this circumstance, by virtue of the immutable and transparent characteristics of blockchain, it has become the general trend to protect the security and credibility of data information, realize efficient data value realization, global data assetization, and asset digitization. The storage of funds, especially digital assets, has extremely high requirements for security. Currently, the main mechanisms adopted in blockchain are off-chain cold storage and hardware wallets. However, these mechanisms cannot guarantee the security of blockchain assets 100%, especially the risk of asset loss caused by the destruction of users' private keys, and these problems limit the possibility of large-scale adoption of blockchain assets.

In response to this phenomenon, the Pacific trading platform PACIFIC has established a professional and complete security risk control system from three aspects: early warning, security protection, and risk control, to fully guarantee the security of users' digital assets.

 

early warning center

In order to ensure the security of users' assets and information, the Pacific Trading Platform has set up an "early warning center" to ensure the security of users' transactions on the platform.

The early warning and credit reporting of the Pacific Trading Platform uses smart contracts, big data, AI algorithms and other cutting-edge technologies to build a powerful risk control system. PACIFIC is based on blockchain for asset management and data maintenance. No one can tamper with the data on the chain, from the most. The fundamental underlying logic and technical level guarantee users' absolute control of assets.

Once system intrusion, abnormal transaction data, and unclear capital flow are found in the transaction process, the early warning center will issue an alert to the relevant transaction users, and terminate the relevant abnormal transactions through the circuit breaker mechanism, so as to minimize the user transaction risks and transaction losses. Ensure the safety of users' funds.

 

security system

Using the insurance account storage of the Pacific trading platform, the bank can reduce the risk of fund storage by setting a longer delay time for withdrawal. On the other hand, PACIFIC’s backed insurance account cascading exponentially reduces the risk of funds being stolen.

In practical applications, PACIFIC achieves infinitely close to 100% fund storage security at a very low cost. Just as the possibility of the platform currency key being brute-force is close to zero, although it is not 100% safe in theory, it is already 100% safe in reality. On this basis, the superimposed use of coin wallet and hardware wallet technology can further consolidate the security of funds.

PACIFIC provides ordinary accounts and insurance accounts for individual users. The ordinary account is used to store a small amount of funds used by the user on a daily basis, and the insurance account is used to store the funds that the user does not need to use temporarily. Funds in an insurance account can be set for a delayed withdrawal time, such as 2 days.

In daily life, users can operate funds in ordinary accounts just like using platform currency, and payment is confirmed immediately, but cannot be withdrawn. Once the private key is stolen or lost, the user will only lose a small amount of funds in the ordinary account, and the risk is controllable. When the funds in the ordinary account are insufficient, you can plan to withdraw some funds from the insurance account in advance, and you need to wait for the set delayed withdrawal time (2 days in this example) to arrive in the account. Once the insurance account is found to be stolen within the delay time, the user only needs to initiate a withdrawal request, and the stolen funds can be immediately withdrawn to the Retrieval Account to avoid loss of funds.

 

Risk control system

PACIFIC formulates safety and risk control measures, and provides professional, safe and stable digital asset transactions to the world by designing a trading system with strict standards and multiple prevention and control measures. The exchange system adopts a distributed architecture, web pre-WAF, encrypted storage of data, set up database firewall to ensure system security, 7x24h intelligent monitoring, real-time vulnerability scanning, asset anomaly alarm, etc., to provide emergency response and risk assessment. The exchange, in conjunction with a third party, also provides DDoS defense, anti-traffic cleaning, penetration intrusion defense and other protections. At the same time, the exchange is equipped with a professional risk control team to provide a series of services such as risk assessment, project rating, and smart contract auditing for digital assets, providing multi-dimensional security and risk control guarantees.

PACIFIC will continue to carry out security upgrades, formulate higher-level security and risk control measures, and always provide risk control supervision for users' asset transactions and the security of exchanges' funds.

 

With the globalization of data capitalization and asset digitization, digital asset risk control has become urgent. Pacific Trading Platform (PACIFIC) has made breakthroughs in innovation, standing at the forefront of the times, actively embracing the needs of the times, creating a professional and complete security risk control system, and making every effort to protect user data. The security of assets, promote the development of digital trading platform!