TRUST can verify regular transactions and identify fraudulent activity on the WAX blockchain.
Features of TRUST
WAX has added TRUST AI services as part of its innovation and transparency plan. TRUST was built by Chain Champs as a solution to AI and machine learning safety and security problems to allow users to rate their wallets based on their transaction history.
DApp users can identify and take action against bots, scammers, wash trading, asset laundering, and more. The tool is powerful enough to make changes per wallet and detect evaders. TRUST can handle over 20 million transactions daily and is extremely fast in activity and operations.
TRUST uses behavioral patterns to identify fraudsters, profiteers, and other “bad guys.” It also understands the patterns that normal individuals use in their day-to-day activities with their accounts. You can then create a link between the two and suspend untrustworthy or suspicious accounts and accounts that interact with them.
TRUST Score
WAX expressed its commitment to user safety, adding that it will be available to everyone on its network. All cloud wallets have a trust score open to all users and dApps on the blockchain through integration of the cloud wallet UI and Waxjs library.
As a second phase of the rollout, all WAX accounts will have their TRUST score available on-chain through designated smart contracts. This allows Wax blockchain dApps to use this critical information from their smart contracts and web apps. It is also updated regularly to meet needs as they arise.
The TRUST score is available through an API so developers can incorporate it into their dApps. It will also be a paid service to projects on the blockchain, and to other blockchains in the future.
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