Verification Code
A verification code is a temporary code used as part of a security process to authenticate users and ensure that they are legitimate, typically used in conjunction with passwords or other authentication methods
What is Verification Code?
Verification codes are security measures essential to cryptocurrency platforms to reduce fraud and bot activity. Two key methods are CAPTCHA and Two-Factor Authentication (2FA):
CAPTCHA (Completely Automated Public Turing test to tell Computers and Humans Apart)
CAPTCHA uses tests like identifying distorted text or selecting images to differentiate between human users and automated bots. This process prevents bots from executing malicious actions or accessing accounts, ensuring that only real users interact with the platform.
Two-Factor Authentication (2FA)
Two-Factor Authentication enhances security by requiring users to provide two forms of verification. Typically, this includes something the user knows (like a password) and something the user has (such as a temporary code sent to their mobile device or generated by an app). 2FA adds a crucial layer of protection, making it much harder for unauthorized individuals to gain access, even if a password is compromised.
Together, CAPTCHA and 2FA effectively secure crypto applications and mitigate bot-related threats.
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