HyperCycle, an autonomous AI platform, has released the RingOfRings, a new smart wearable device that is meant to make cryptocurrency more secure. At the Blockchain Futurist Conference in Toronto, Canada, the news was shared.
The RingOfRings gives users a new way to make sure deals are real and keep their digital assets safe. As AI becomes more common in many areas of life, it is becoming more of a worry that it will be used for fraud and scams, especially in the crypto sector.
HyperCycle Distributes OkpR Tokens
In reaction, HyperCycle wants to use hardware technology to create a safe space for managing digital assets. The RingOfRings uses a two-layer system that combines traditional cryptography with physical verification. This lets users approve blockchain transactions by doing easy things like tapping the ring.
HyperCycle says that the RingOfRings uses little energy and doesn’t need to be charged or maintained. The business thinks this technology could be very important in lowering crypto-related scams and theft.
OkpR, the project’s own coin, has 30 billion units available. To get more people to use it, it will be given to 30 partners, such as exchanges, wallets, and blockchain sites. In the next vesting step, users will be able to get more OkpR tokens. The team, founders, and investors will also get 4 billion OkpR tokens.
