October 18, 2022 - 3 min read
SupraOracles is delighted to partner with Forta Network, a decentralized monitoring network that can quickly identify threats and irregularities on Web3 systems, including DeFi, NFT, governance, and bridges. In addition, Forta offers the greatest degree of flexibility for sophisticated monitoring in real-time, block-by-block.
In Forta, a decentralized network of independent node operators examines all transactions and changes in block-by-block state for anomalous activity and potential threats. Node operators notify subscribers of possible dangers when an issue is discovered, allowing them to take appropriate action.
Forta uses a work token model to guarantee the accuracy and integrity of the data provided by the network. Node runners are required to stake FORT tokens in order to broadcast real-time operational and security data to the network, and anyone is allowed to stake FORT tokens to signal detection bot quality in the network. In addition, holders of FORT can engage in governance to influence Forta’s development.
Forta’s runtime monitoring needs the best, fastest data on the blockchain. Forta Network will get data feeds from SupraOracles. SupraOracles and Forta address critical inefficiencies in some of the most sensitive parts of smart contracts. Additionally, SupraOracles will help Forta Network safeguard and optimize cross-chain bridges for optimal security and safety. Furthermore, SupraOracles’ cutting-edge tool suite will continue to motivate developers to improve Web3.
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“The ability to detect threats and abnormalities in Web3 is a crucial necessity. Hacks and exploits result in the loss of billions of dollars. We are thrilled to work with such an innovative and outstanding team.”
SupraOracles connects the worlds of traditional financial markets and Web3. By providing a strong cross-chain oracle, we hope to empower the developer community. SupraOracles combines real-world data to public and private blockchains, enabling interoperable smart contracts to safeguard the future of financial markets. It also gives developers a toolbox for creating, deploying, and managing data applications that are faster, more agile, and more reliable.
Forta is a decentralized monitoring network that can quickly identify threats and anomalies on Web3 systems, including DeFi, NFT, governance, and bridges. By introducing runtime monitoring and anomaly detection to Ethereum, Avalanche, Polygon, BNB Chain, Fantom, Arbitrum, and Optimism, Forta continues to penetrate the new L1 and L2 markets.
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