Security & Complaince
Security Features
Multi-Signature Wallets
Multi-signature (multi-sig) wallets are a cornerstone of CosmoCore’s security framework. These wallets require multiple private keys to authorize transactions, significantly reducing the risk of unauthorized access. This feature ensures that even if one private key is compromised, user funds remain secure. Multi-sig wallets are particularly useful for:
High-value transactions involving in-game assets or virtual land.
Collaborative ownership, such as assets jointly managed by teams.
Enhanced security for institutional participants, ensuring accountability and reducing single points of failure.
Regular Security Audits
To maintain the integrity of the CosmoCore ecosystem, all smart contracts, protocols, and platform components undergo rigorous third-party audits. These audits identify potential vulnerabilities, ensuring that:
Smart contracts are free from exploits or coding errors that could compromise user funds.
System updates and feature rollouts adhere to the highest security standards.
The platform maintains user trust by providing transparent audit reports accessible to the community.
Decentralized Identity Management
CosmoCore implements a decentralized identity system that gives users complete control over their digital identities. Unlike centralized platforms, where identity data is stored on servers vulnerable to breaches, CosmoCore ensures:
Ownership of personal data, allowing users to selectively share information with third parties.
Tamper-proof identity verification, leveraging blockchain’s immutability.
Reduced risk of identity theft, as sensitive data is never centralized or exposed to potential leaks.
Regulatory Compliance
KYC/AML Procedures
To align with global financial standards and prevent illegal activities such as money laundering or fraud, CosmoCore enforces Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures for high-value transactions and token sales. These procedures include:
User verification via government-issued IDs, ensuring transparency in large transactions.
Transaction monitoring to detect and flag suspicious activities.
Automated risk assessment tools to streamline compliance while maintaining a smooth user experience.
Global Standards Adherence
CosmoCore ensures full compliance with international regulatory frameworks, facilitating seamless global adoption. The platform’s regulatory alignment includes:
GDPR compliance for data protection and privacy in the European Union.
Alignment with FATF (Financial Action Task Force) recommendations to combat money laundering and terrorist financing.
Proactively adapting to regional regulations, enabling the platform to operate legally across multiple jurisdictions.
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