Is lossless crypto a good investment?

One such altcoin is Lossless (LSS) crypto, which as of now is trading at a higher price as compared to beginning of this year. More than Bitcoin and Ether, which largely dominate the crypto investment news, altcoins may have the potential to grow investors’ money. What is Lossless crypto? Lossless is riding the decentralized finance (DeFi) wave.

What is lossless protocol?

Lossless incorporates a new layer of blockchain transaction security, protecting projects and their communities from malicious exploits and the associated financial loss. Lossless Protocol allows hack detection, malicious transaction freezing, and the return of stolen funds to the true owners.

What is lossless (LSS) and how does it work?

Lossless ( LSS) describes itself as a crypto protocol that ‘freezes fraudulent transactions based on a set of fraud identification parameters and returns stolen funds back to the owner’s account.’ Lossless is among the first protocols I’ve seen that aims to fight against hacking, which is currently a huge problem in decentralized finance.

What is lossless defi and how does it work?

Lossless crypto project claims that it can detect bots and hacks, and in case of a fraudulent transaction, the transfer is immediately reversed, with stolen cryptos retuned back to the legitimate owner. Lossless DeFi uses LSS token to allow staking, payment of fee, and participation in voting.