Security protocols

In the world of M2M by MatchCoin and similar decentralised technologies, various security protocols play a crucial role in ensuring security, privacy and trust. Here are the most important security protocols listed and explained, from Proof of Contact to Zero Trust and Zero Knowledge Proof:

Proof of Contact (PoC): This protocol is based on the premise that the security and value of the network is generated by direct, human interactions within the network. Each contact between users contributes to the security of the network by creating a complex and dynamic web of relationships that is difficult to manipulate or attack. The authenticity and integrity of the network are confirmed by the genuine, verified interactions of its users.

Zero Trust: This security concept assumes that threats can come from both outside and inside the network and that no actors or systems inside or outside the network should automatically be considered trustworthy. Instead, all access attempts, regardless of their origin, must be continuously validated. This requires strict identity verification, minimisation of access rights and constant monitoring of network activity to minimise security risks. Furthermore, thanks to the decentralised data system, no user data is stored or read by us as a platform. It is not possible for us to read data because it is only stored on the user devices and is only linked to other users through a zero knowledge proof.

Zero Knowledge Proof (ZKP): ZKP is a process that allows a prover to prove the truth of an assertion to a verifier without revealing any specific information about the assertion itself. This protocol is particularly valuable for preserving privacy, as it makes the exchange of sensitive or personal data unnecessary. When applied to M2M by MatchCoin, ZKP allows users to conduct transactions or prove access rights without revealing their identity or disclosing other private information.

Zero Knowledge Proof for anonymous matches: An extension of the Zero Knowledge Proof (ZKP) concept enables M2M by MatchCoin to create matches between users without the parties involved having to disclose information about each other. This means that users can benefit from specific offers, content or interactions that match their interests without revealing their personal data or preferences to the other party or the network. This anonymity protects users' privacy while enabling relevant and personalised experiences without compromising trust in the system.

Integration of traditional financial capital through liquidity pools: M2M by MatchCoin enables the integration of traditional financial capital into the ecosystem through the creation of liquidity pools. Investors can deposit traditional currencies or other cryptocurrencies into these pools, supporting the entire MatchCoin ecosystem. These pools can contribute to the promotion of the entire ecosystem in general or be used for specific keywords or so-called "Hashtags 4.0". This provides communities with specific financial support and security. In addition, this structure allows investors to invest directly in the value of specific topics or communities by providing liquidity that targets the success and relevance of specific areas of interest.

Hash-based encryption protocol for user-to-user communication: M2M by MatchCoin implements an advanced protocol in which a unique hash is generated that allows only the participating users (User 1 and User 2) to securely exchange content on a specific topic. This hash serves as the key for encrypting and decrypting the messages or data sent between the users. Only the owners of the corresponding hash can decrypt and access the information, establishing a private and protected line of communication between them.

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