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Amnesia16

Forta Protocol

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Forta is the first decentralized community-based security platform to prevent or mitigate smart contract exploits as they occur.

 

Forta is the first decentralized runtime security protocol for smart contracts, incubated by OpenZeppelin. Protocols, DAOs, investors and individuals can use Forta to monitor transaction activity and receive alerts on security, financial, operational and governance related events on Layer 1s, Layer 2s and sidechains.

Security is a continuous effort

Smart contract development and security practices have evolved a lot since Ethereum launched in 2015. Smart contract audits and reusable code libraries have become standard practice. However, as helpful as audits, code libraries and other techniques are in identifying or preventing bugs and vulnerabilities in code, there is a limit to their effectiveness. Once a smart contract is deployed on a blockchain, the risk profile changes. How the contract is managed (administration), how the contract interacts with other contracts (composability), and how the contract responds to unanticipated market events all become relevant and introduce new risk vectors. Put differently, the code can work and you can still have problems. Smart contract security requires a continuous effort, and post-deployment monitoring for threats and other issues is as important as the steps taken prior to deployment.

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