Why is rate limiting important for ensuring the security of digital currency transactions?

1 answers

• Jan 12, 2022 · 3 years ago
  At BYDFi, we understand the importance of rate limiting in ensuring the security of digital currency transactions. Rate limiting helps prevent potential attacks by restricting the number of transactions that can be processed within a certain time frame. This ensures that the system can handle the incoming requests without being overwhelmed. By implementing rate limiting, we can effectively mitigate the risk of DDoS attacks and brute force attacks, which are common threats in the digital currency space. Our robust rate limiting mechanisms help maintain the integrity of the system and provide a secure environment for our users to transact with peace of mind.
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