Pryze & Trustroot: A Partnership Destined to Secure Cryptocurrency Sweepstakes
Pryze, the first every provably, fair sweepstakes platform has confirmed its partnership with Trustroot, a blockchain security protocol, to maximize security in dealing with crypto trades and to promote a sense of confidence in traders.
— Trustroot (@TrustrootIO) May 4, 2018
In recent times, several hackers, phishing sites and viruses have proven to be potent in breaking through the walls of the blockchain technology, which is widely known for its decentralized system and increased privacy and security when it comes to buying, selling and trading crypto.
To overthrow such concerns, a project like that of Trustroot is believed to be fundamental, as its goals are to protect users and businesses from fraud and theft and to promote a platform that helps each other identify scams.
The step both parties took is an example of how to potentially overcome fraudulent activity in the blockchain platform. More specifically, the addition of Trustroot can be considered an additional layer of protection to the transactions made via Pryze.
According to a recent statement released by the CEO of Pryze, Peter Franklin,
“the partnership with Trustroot provides users increased protection and security when setting up sweepstakes on Pryze.” He further expresses that Pryze prioritizes transaction security.
The CEO of Trustroot, Shayan Zadeh shares increased excitement in the partnership, as the two together, according to him can “ensure security of sweepstakes transactions… and a safer environment for cryptocurrency users”.