Forta Firewall Launches To Enhance Smart Contract Security

Key Points:

• Forta Firewall uses AI to prevent smart contract exploits, ensuring secure DeFi transactions.
• Forta integrates with Ethereum networks to block malicious transactions before execution

Forta Firewall, backed by a16z, launches to prevent smart contract exploits, using AI to block malicious transactions and enhance security across Ethereum networks.

Forta Firewall Prevents Smart Contract Exploits

Forta, a blockchain security company, has just announced a new web3 security tool called Forta Firewall, which is designed to identify and block malicious smart contract exploits. Backed by a16z crypto and Coinbase Ventures, Firewall makes use of its AI-powered FORTRESS model to analyze on-chain transactions in real-time. It gives risk scores from 0 to 1-in other words, it tells the chances of malicious intent behind it and blocks high-risk transactions before they are included in a block.

It is a newly developed tool specifically intended to mitigate such exploits as reentrancy attacks and oracle manipulations on both Ethereum and EVM-compatible chains. Competitors lack the visibility into pending transactions provided by Forta Firewall, including those in private channels seamless matching and settlement of transactions, solving major pain points in decentralized trading, according to The Block.

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How Forta Firewall Enhances Web3 Security

Forta Firewall deploys machine learning and decentralized infrastructure to provide DeFi platforms with top-notch protection. The Firewall seamlessly integrates into transaction flows, allowing malicious activity screening and exploit blocking well before execution. Due to its unique visibility into pending transactions, it ensures robust protection even against advanced threats.

Forta’s decentralized approach is supported through its Layer 3 Forta Chain, which powers all of its security offerings, such as the Firewall. With more than $23 million raised and multiple partnerships, including Euler and Balmy, Forta keeps building its position as a leader in blockchain security. The issuance of the FORT token serves to make its protocol even more decentralized and operational.