OkEx, who were recently named the largest exchange in the world by derivative trading has had even more good news this week, as they announced partnerships that look to improve their user’s security in exchange for their native token.
Security is extremely important, especially in the cryptocurrency field. Exchanges, with their large amounts of assets are often hit and sadly their users are usually the victims of security breaches too.
In an attempt to redress the balance and give their users the chance to put security at the forefront, OkEx has partnered with numerous security companies. OkEx customers can use the exchange’s native token,OKB, to buy three different companies services and protection.
Jay Hao, OkEx’s CEO announced on Twitter the news of the security partnerships. His tweet read:
”So much to announce for $OKB this week! Other than the upcoming launch of #OKChain, we’ve just added numerous use cases for the @OKEx native token. I’ll announce the first 3 here today, more to come this week!”
So, who are the companies OkEx have partnered with?
Slowmist is a company made for cybersecurity. With its team members coming from Google, Microsoft, W3C, as well as the Ministry of Public Security in China, clearly with Slowmist you are in safe hands. The company has a project with OkEx called the “Security Vulnerability and Threat Intelligence Bounty Program,” which you can purchase to ensure your assets.
For the blockchain side of things, Beosin is THE security company. They have worked with over 1,000 blockchain projects and this is number is ever growing. For your blockchain needs be sure to purchase Beosin for peace of mind.
Certik is the company that the cryptocurrency space has been calling out for. With hacking a continuous issue for many in the industry, Certik have looked to have found the answer. Certik are said to be the creator of the world’s first hacker-resistant system. They have conducted more than 200 audits, and have secured up to $6.23 billion. Perhaps Binance, the exchange who has been victim of two hacks this year should look into Certik too.
OkChain is incoming
In other OkEx news, the exchange giant is also adding to its functions. The company is launching OkChain shortly. According to the white paper, OkChain, “is a new blockchain network that fully supports state sharding and fast consensus.
“In OKChain, the entire network is divided into multiple shards, each shard maintains an independent ledger, and can handle conflict-free transactions in parallel; a fast consensus algorithm based on threshold signature is used in a shard, achieving efficient block production without forking.”
Watch this space for when the much anticipated OkChian drops and more OkEx news.