Level Up Crypto Safety with HAQQnetwork and IslamicCoin
The world of cryptocurrency is a vast and ever-changing one. With new coins and tokens being created all the time, it can be difficult to keep track of what’s what. And with the rise of scams and hacks, it’s more important than ever to be safe when investing in cryptocurrency.
That’s where HAQQnetwork and IslamicCoin come in. HAQQ Web3 Ecosystems are dedicated to providing users with a safe and secure platform to trade and invest in cryptocurrency. HAQQnetwork offers a variety of features to help users protect their investments, including mnemonicless security feature, cold storage integration, and a dedicated security team. IslamicCoin is a Shariah-compliant cryptocurrency that is designed to be safe and ethical.
If you’re looking for a safe and secure way to invest in cryptocurrency, then HAQQnetwork and IslamicCoin are the perfect choice for you. With their cutting-edge security features and Shariah-compliant approach, you can rest assured that your investments are in good hands.
Background
ICNetwork Ltd is the developer of the HAQQ Blockchain, the first Shariah-compliant decentralized ledger, specifically designed to follow the rules and traditions of Islamic finance and IslamicCoin ( $ISLM ) is its native coin. Founders, Executive Board, the Shariah Board members are doxed and the project is backed by the UAE Royal Families as the Advisory Board members.
HAQQnetwork or HAQQ Blockchain is a Proof-of-Stake (PoS) blockchain network that is compatible with existing Blockchain tools and developer instruments, such as Ethereum and Cosmos. It meets modern industry requirements with fast-finality and high transaction throughput while staying true to its name, which means ‘truth’ in Arabic.
Purpose
HAQQ’s mission is to serve the international Muslim community by providing a financial and technological tool that enables independent financial interaction while supporting technological innovation and philanthropy.
Islamic Coin ( $ISLM ) is a Sharia-Compliant Digital Money and a purposeful community crypto asset that serves as the native coin on the HAQQ blockchain. Each time a new Islamic Coin is minted, 10% of the issued amount is deposited into a special Evergreen DAO for further investment into projects that benefit the Muslim community or are given to beneficial charities. This is the first coin that brings direct economic value to a community without discriminating anyone despite differences of race, religion and political views.
Time to Level Up Crypto Security
Crypto security is a crucial aspect of the digital Web3 world. As the popularity of cryptocurrencies continues to grow, so does the need for better security measures. Cybercriminals are getting more creative and persistent in their attempts to steal assets from innocent users.
Deloitte, one of the Big Four accounting firms, has developed the Cryptocurrency Security Standard (CCSS), which is broken into three levels of increasing security. The higher the level of CCSS achieved, the more enhanced levels of security with formalized policies and procedures.
The three levels of increasing security in CCSS are:
- An information system that has achieved Level I security has the ability to protect crypto wallets with strong levels of security.
- A higher level II of CCSS translates into enhanced levels of security with formalized policies and procedures that are enforced at every step within the respective business processes.
- In level III of CCSS, multiple actors are required for the all-critical actions, advanced authentication mechanisms are employed to ensure authenticity of data, and assets are distributed geographically and organizationally.
Together, these standards strengthen the security of crypto wallets. The CCSS is maintained by the CCSS Steering Committee, which is made up of subject matter experts in the crypto sector, to guarantee that the standard remains impartial and current with industry best practices.
To level up the HAQQnetwork security by adhering with the CCSS, ICNetwork Ltd has partnered with Halborn Security, one of the top security firms in the industry. Halborn Security’s infrastructure will be integrated into the software development lifecycle, ensuring top-notch security for the users.
On individual user level, there are several steps to improve your digital security including using strong passwords, enabling two-factor authentication, keeping your software up-to-date, using a hardware wallet and avoiding public Wi-Fi networks for Web3 transaction.
How to Improve Your Digital Security
What does that mean in actionable tips? It is more important than ever to take steps to protect your personal information and devices. Here are a few practical tips on how to improve your digital security:
- Use strong passwords. Your passwords should be at least 12 characters long and include a mix of upper and lowercase letters, numbers, and symbols. Avoid using common words or phrases, and never reuse passwords across different accounts.
- Enable two-factor authentication. Two-factor authentication (2FA) adds an extra layer of security to your accounts by requiring you to enter a code from your phone in addition to your password when logging in.
- Keep your software up-to-date. Software updates often include security patches that can help protect your devices from malware and other threats.
- Use a hardware wallet. A hardware wallet is a physical device that stores your key-pairs for cryptocurrency offline, making it much more secure than storing it on an exchange or in a hot wallet. Strictly, only use non-custodian wallet! We’ll cover this topic in another articles, stay tuned.
- Avoid public Wi-Fi networks. Public Wi-Fi networks are often unsecured, which means that hackers can easily intercept your data if you’re not careful. If you must use a public Wi-Fi network, make sure to use a VPN to encrypt your traffic.
By following these tips, you can help to protect yourself from the many threats that exist in the digital world.
Additional Tips
In addition to the tips above, there are a few other things you can do to improve your digital security:
- Be careful about what information you share online. Don’t post your personal information, such as your address or phone number, on social media or other public websites.
- Be suspicious of emails and links from unknown senders. Don’t click on links or open attachments in emails from people you don’t know.
- Keep your computer and mobile devices clean of malware. Use a reputable antivirus program and keep it up-to-date.
- Back up your data regularly. This way, if your devices are lost or stolen, you won’t lose your important files.
You may help defend yourself and your data against the numerous hazards that exist in the digital world by paying attention to the advice provided here.
We will delve deeper in the topic of Crypto wallet basics, seedphrases, hot wallets, hardware wallets, coins vs tokens, smart contracts, seedphrase protection and many more essential Web3 knowledge that will fast-track your position in digital world.
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Download HAQQ Wallet: https://haqq.network/wallet
More about Islamic Coin
Islamic Coin is a native currency of HAQQnetwork, a community-run network, dedicated to empowering an ethics-first Shariah-compliant financial ecosystem.
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