Forta is a leading decentralized security and real-time monitoring platform for wallets, developers, and investors. Its main objective is to detect threats and anomalies that may arise in Web3 systems, such as DeFi, NFTs, governance, and bridges. Forta offers continuous data analysis and prompt alerts about potential issues to ensure security and reliability in the Web3 ecosystem.
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How the Forta system detects threats
Forta is based on a decentralized network of independent node operators who scan all transactions and changes in the blockchain's state for unauthorized operations and threats. When such issues are detected, the node operators send alerts to their subscribers about potential risks, enabling them to take appropriate measures.
Forta is actively expanding in the field of emerging L1 and L2 blockchains, providing monitoring and anomaly detection in Ethereum, Avalanche, Polygon, BNB Chain, Fantom, Arbitrum, and Optimism networks.
The Forta algorithm consists of thousands of detection bots developed by the Web 3 developer community and security experts. Each of these bots serves as a small security camera that monitors specific aspects of the network. All the results obtained by the Forta Network are a direct outcome of the work performed by these bots. Some of them track common threats such as phishing attacks, while others monitor activity related to specific protocols, such as Lido.
How is the FORT token used on the platform
FORT is an ERC-20 token standard used in the Ethereum network. Forta utilizes a model of worker tokens to ensure accuracy and reliability of the data provided by the network. In this model, node operators are required to have FORT tokens in order to transmit real-time security and operational data to the network.
In addition, any participant can acquire FORT tokens to signal the activity of bots in the network. Thus, FORT plays an important role in ensuring reliability and security in the network.
The token has two main uses for the proper functioning of the network:
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Scanner Pool Stacking: Scanner pool owners must use FORT tokens in their pools for detection and security purposes. FORT tokens can only be withdrawn after a specific period of time, allowing for verification and dispute resolution. Delegates may face a reduction in staking if the pool shrinks.
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Bot Detection Signaling: Developers can use FORT tokens to assess the quality of bots in the network and prevent issues with fake accounts. This helps in identifying the most reliable bots and detecting potential risks.
Furthermore, FORT owners have the opportunity to actively participate in the management process, contributing to the evolution of Forta.
The total number of tokens is limited to 1,000,000,000 FORT. The token distribution occurs as follows:
| 45.5% | Community |
| 24.5% | Supporters |
| 20% | Initial Core Participants |
| 10% | OpenZeppelin |
In general, the FORT token serves as a central element for ensuring the security, reliability, and evolution of the Ethereum network, enabling active participation of owners and developers.