It’s a Trap!…..

It’s a Trap!…..
BitFence’s “Sticky” Solution to stop hackers .

Going to explore and get alittle bit more in detail on BitFence incentive for people to set up Honeypots and get rewarded with tokens (HNY).

Honeypots

What are they? BitFence configured honeypots to attract distributed hackers around the world. As hackers get into BitFence Honeypots, the system captures and analyzes attackers signatures using custom designed Artificial Intelligence software and alerts/delivers threat protection to all of its subscribers. Two or more honeypots on a network comprise a HoneyNet. Typically, a HoneyNet is used for monitoring a larger and/or more diverse network in which one honeypot may not be sufficient enough for the network traffic that it experience. HoneyNets and Honeypots are usually implemented as parts of larger network intrusion detection systems. A BitFence “HoneyFarm” is a centralized collection of honeypots and threat analysis tools.

Miners

BitFence offers the incentives to anyone who runs BitFence designed software and/or hardware “miner” named StingMiner. These miners will automatically detect and reports suspicious cyber related activities. The miners will get rewards through distribution of BitFence ‘HNY’ Tokens.You dont need a powerful computer or ASIC to mine HNY. All you need is internet connection and public IP address. Mining options are:

You can run a miner application on your Windows / Mac / Linux machine. One per IP address.
You can download Raspberry PI / BeagleBone SD card image and mine with PI 24/7
You can get a pre-configured appliance from us to run on any virtualization container

In Conclusion

The foundation of the system is a distributed honeypot network with globally located sensors — i.e. miners. Miners will work by misleading hackers into thinking that they are accessing a legitimate and valuable system. However, the BitFence StingMiner software platform will be recording hackers actions, IP addresses and all related valuable information to be used to footprint the hackers. This information from miners will be analyzed at centralized BitFence servers and also share it with BitFence subscribers, and those mining in return get tokens (HNY) for their hardwork.

Check out the ICO going on now on their website : https://bitfence.io/,

Telegram : https://t.me/BitFence , Feel free to join and ask any questions you may have.

As always don’t take my word as any investing advise, do your own research and more research.