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Protection provided by BitFence will block high risk hosts, malicious payloads, viruses, malware, suspicious addresses automatically within seconds everywhere around the globe after threat is "mined" by the network of their StingMiners and risk scored with BitFence Engine.

So this means BitFence device is enough to secure our network? Can it be good solution for antivirus as well? How honeypot concept will help in removing viruses as well?

In a simplified terms, the project creates like a trap, that is not noticeable by hackers, now when they get into the specified site (trap) and perhaps try to do something malicious, they will be detected and their identities will be noted which will be spread across the network, they also will open up a store where you can source for any protective hardware or software of your choice, so is like the total package, hope this helps

A pretty good explanation of what the honeypot type of trap is, honeypots and viruses are not the same, honeypots are to prevent against active attacks from the outside basicaly instead of them pounding your computer trying to let them in the honeypot lets them into a virtual box that they can hack all they want, because its all nonsense, and then when they leave poof they hacked nothing.

Exactly, well explained; the idea of the honeypot is to understand what kind of things they are trying to attack, why and how they are carry out these techniques.

Once identified, it's easier to protect yourself against the same attack occuring on a "REAL" network rather than a virtual which contains no sensitive data.

That's pretty smart actually, I've heard of the concept before but I like that BitFence are using this technique to develop their own software to help prevent hacking.

To be honest, I don't really understand the system with all those specific words, but I like he idea behind this project, that the community secure each other and "mine" hackers together.

It really gives you nice feeling even just reading this honeypot concept. I am really excited to see the demo of BitFence product.