The Security Features Of OOOBTC Exchange.
If as a financially inclined institution, service platform or establishment and the security aspect is flawed it won't even get up to the first stage of production nor will it progress it will fail as soon as it was launched.
The latest-mostly finance based service- the blockchain technology is well designed with high notch quality security features so that users can trust it, adopt it and make use of it too.
Thanks to continous advancement in technology, the blockchain gets upgraded with the latest security features everytime protecting it from cyber attacks.
The OOOBTC exchange platform is where trading of multiple cryptocurrencies happen thus users must always bring their funds on the platform and it needs to be secured so that it will progress and so far the developers of this platform have done a great job as they developed highly advanced mechanisms to help secure user funds and their person data stored in the platform.
OOOBTC exchange platform provides three top notch security system;
1. Encryption Mechanism: This feature encrypts users data that are stored on the platform to provide further assurance that their funds are safe.
2. Cold Wallet Storage: A "cold wallet" is when a users wallet is not stored online, this can be done by using a special device to store their funds and because this device is always offline it makes it impenetrable from cyber attacks thus user funds is completely secure.
3. 2 Factor Authentication: This is a common feature and it is implemented by websites to protect its users. OOOBTC employs this feature because it works well too and guarantees safety but here in OOOBTC exchange it works differently. When setting up your account on the platform users will setup the 2 FA authentication when they want to make a transaction it involves firstly inputting their password and secondly the platform sends a code to the users device which they can then input to finalize the transaction without both password the transaction will never be executed and yes the platform is linked to an authenticator app which can be downloaded through Google Play store or Apple store it us where the user will get the code from.
It is an easy process and anyone can easily set it up too.
All three mechanisms will be available to each and every verified user of OOOBTC exchange platform, because safety is number one and this platform has completely covered that aspect.
Hope you enjoyed your read and to know more about the project refer to the links below;
Website:
Whitepaper:
https://www.ooobtc.com/assets/whitepaper/obx.pdf
Twitter:
https//twitter.com/ooobtcExchange
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