Fantom Collaborated With Dedaub To Launch The Watchdog Continuous Smart Auditing System

Fantom has implemented Watchdog, an automatic smart contract monitoring system, to improve the security of decentralized apps on its blockchain.

Watchdog, developed in collaboration with blockchain security startup Debaub, will automatically scan for defective code in smart contracts that might become the core cause of security threats, according to a release from Fantom Foundation. It will pay special attention to assaults on decentralized finance (DeFi) apps.

Michael Kong, chief executive officer at Fantom Foundation stated:

“We’re incredibly excited to bring a new level of safety and security to the ecosystem with Watchdog. Developers require access to cost-effective, efficient, and trustworthy smart contract auditing tools. Watchdog delivers just that, and will set a new standard for security.”

Watchdog, according to the Fantom Foundation, will automatically analyze smart contracts in the ecosystem for flaws. If a vulnerability is discovered, security firm Dedaub will alert the project, aid them in understanding the risks, and assist the project team in addressing the vulnerability in a timely manner.

Because certain complicated defects may go unnoticed, automated analysis of smart contract logic does not ensure security against assaults. As a result, Watchdog is intended to enhance rather than completely replace costly third-party audits.

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