First comes the ‘Proof of involvement.’ The person that reports a situation to the EBI must prove that they were involved (i.e., the victim). The user demonstrates this by signing a message from the wallet where the loss occurred.
The user will have to provide sufficient credible data that justify a block. For instance, it’s not enough to say, “all my money is gone.” The user needs to explain what happened in more refined details and provide data supporting their story. If the EBI assesses that the user meets the prerequisites, it will put its stamp on the block proposal, and at least 10% of the masternodes will need to vote for it to go through.
Also, the user will need to put up 1000 NRG as collateral. By requesting this collateral, we avoid malicious abuse of the process. This collateral is only required if the user files the proposal without the assistance of the EBI. However, if they report it to customer support and EBI conducts an initial investigation, the EBI could submit all the process proposals without any collateral required from the user.
Prerequisites for Drain
Second, the user will need to submit a Proof of Claim/Crime. Once the masternodes vote for a block, the real investigation work begins, and the EBI team collects evidence. Once sufficient data has been provided, a drain proposal can be submitted and endorsed.
Third, the victim needs to submit a Proof of Action Fraud Report. If the victim reports a crime, like stolen funds or impersonation, they will have to file an official action fraud report with their local law enforcement authorities and prove that they have done so. This way, the EBI can act knowing that the alleged victim involves real-world police and legal institutions.
Once again, the user must put up 1000 NRG as collateral to submit a voting proposal to the masternodes, and at least 10% of them would have to agree on it.
Prerequisites for Recovery
Last, filling a Know Your Customer (KYC) form. The user must provide legal documentation proving their identity and sign certified documents under penalty of perjury that all their provided testimony and data are accurate.
The recovery would need just 100 NRG as collateral and another masternode vote. If and when all the prerequisites are met, the funds will be returned to the legitimate owner.
Besides this rigorous process, we have several checks and balances to prevent single points of failure. For example, no single EBI agent can handle a case end-to-end. It always requires at least two separate agents to review and double-check the case findings.
Thanks to all these security processes and measures, we have seen a 70% drop in cybercrime.
IF THAT IS NOT CENTRALIZATION I DON'T KNOW WHAT IT IS, BASICALLY YOU HAVE TO TRUST THE COMPANY IN THE SAME WAY THAT TRUST POLITICS TO MANAGE STATE CURRENCY, AND COUNTRIES ALLEGATE THAT BITCOIN IS USED FOR TERRORISM BANGS AND ETC TO GIVE Reasons To BANI-LOOS WHILE ENERGI USA SLAMS AS A REASON TO BE ABLE TO BLOCK AND CONTROL THIS CRYPTOMOEDA.