frequently asked questions
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General questions:
iBeacon operates as a community-driven alternative that emphasizes prevention through real-time threat detection. Unlike traditional insurers, we combine technological innovation with democratic governance to create more responsive and effective protection.
Currently, iBeacon operates exclusively through our web platform. While we are exploring mobile application development for future releases, our current focus remains on delivering comprehensive web-based services that provide full functionality across all devices.
Most claims receive initial assessment within 48 hours of submission. Complex cases may require additional review time, but our streamlined process ensures rapid resolution for qualifying incidents.
We provide protection for major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and all ERC-20 standard tokens. Additional cryptocurrency support continues to expand based on market demand and technical feasibility.
Technical Questions
Our proprietary risk engine analyzes transaction patterns in real-time, comparing them against our extensive database of known malicious addresses and suspicious behavioral patterns. Machine learning algorithms continuously improve detection accuracy.
Our democratic voting system ensures fair evaluation of all claims. If a claim is initially denied, members can provide additional evidence and request reconsideration. Appeal processes are available for disputed decisions.
Community members are required to stake tokens when voting, creating financial incentives for honest assessment. Voting patterns are analyzed to identify potential manipulation or bias.