Forta, a blockchain security company, announced the launch of Forta Firewall, a new tool designed to prevent smart contract exploits. Supported by a16z crypto and Coinbase Ventures, Forta Firewall uses an AI-powered FORTRESS model to analyze on-chain transactions in real-time and block high-risk transactions before they are included in a block.
Introduction to Forta Firewall
Forta Firewall is designed to mitigate exploits such as reentrancy attacks and oracle manipulations on Ethereum and EVM-compatible networks. Unlike competitors, Forta Firewall offers visibility into pending transactions, including those conducted in private channels, addressing key pain points in decentralized trading.
How Forta Enhances Web3 Security
Forta Firewall provides security for DeFi platforms through machine learning and decentralized infrastructure. Its unique visibility into pending transactions allows for the blocking of malicious activities well before execution. Forta's decentralized approach is powered by its Layer 3 Forta Chain, gaining support from partners and investors.
Forta Partnerships and Future Prospects
Having raised over $23 million and secured partnerships with projects like Euler and Balmy, Forta solidifies its position as a leader in blockchain security. The issuance of the FORT token contributes to making the protocol more decentralized and operational.
Forta Firewall marks a significant advancement in smart contract security, utilizing AI and decentralized technologies to prevent exploits. Its integration with DeFi platforms and backing from notable names promise to enhance security across the Ethereum network.
