Risk analysis in cryptocurrency thanks to SMACOS tool

The problem of fraud in the market of digital assets is growing every year. For example, in the whole of 2023, cybercriminals stole about $1.8 billion worth of coins and tokens. But in the first half of 2024 alone, cryptocurrency users lost more than $1.58 billion. SMACOS will help you avoid becoming one of the victims. The tool allows you to check various blockchain solutions and cryptoassets for vulnerabilities and risks. After scanning, it prepares a report. On its basis, the user decides whether to use the chosen service.

Bot capabilities

The name of the project stands for Smart Contract Safe. The literal translation is “smart contract safe”. The developers created this tool to protect users from possible risks on the cryptoasset market.

The basis of the product is AML-technologies. They are created to identify various threats and vulnerabilities. But the application also has built-in artificial intelligence (AI), which increases scanning efficiency through deep machine learning. As a result, the tool performs reliably.

Deep Reinforcement Learning (Deep RL) is used to train the neural network. This helps it to make optimal decisions based on previous experience when scanning smart contracts in the future.

To apply the bot, you need to go to Telegram and search for it – @smacosbot. In August 2024, it is the only such product working in the messenger. This solution simplifies the use of SMACOS. At the same time, the application is available both on PCs and mobile devices. Its functionality:

How to use SMACOS

First of all, you need to go to the Telegram bot. It is safer to do it from the official website of the project. The link to it is located at the bottom of the home page. However, you can also find the bot by user name. It is enough to enter @smacosbot in the Telegram search. Next, to apply the tool you need to:

1

ByBit

5020 $
Bonus til nye brugere!

9.8

BESØG Læs anmeldelse

ByBit giver bekvemme og sikre betingelser for handel med kryptovaluta, tilbyder lave provisioner, højt likviditetsniveau og moderne værktøjer til markedsanalyse. Den understøtter spot- og gearet handel og hjælper begyndere og professionelle handlere med en intuitiv grænseflade og vejledninger.

2

Binance

Optjen en 100 $-bonus

for nye brugere!

9.5

BESØG Læs anmeldelse

Den største kryptobørs, hvor du hurtigt og sikkert kan starte din rejse i kryptovalutaernes verden. Platformen tilbyder hundredvis af populære aktiver, lave provisioner og avancerede værktøjer til handel og investering. Nem registrering, høj transaktionshastighed og pålidelig beskyttelse af midler gør Binance til et godt valg for handlere på alle niveauer!

1. Click on the “Launch” button.
2. Click on “Start scanning”.
3. Wait for the application to load.
4. Select what you want to scan – a cryptocurrency wallet or a smart contract.
5. Specify the address.
6. Click on “Scan”.

SMACOS gives the result in 2-3 seconds after payment. When verifying the wallet, the tool provides information about the risk of stored digital currencies. And after analyzing the smart contract, the user receives information about the threats and loopholes that developers have left for themselves.

The bot can be used for free. It provides a brief report on the results of the checks. But if you need more detailed information about the blockchain application, you will have to pay for the service with TON. The developers are introducing new payment methods.

Author: Saifedean Ammous, an expert in cryptocurrency economics.