Andy Pickering & Andy Beal , The Crypto Conversation

Forta Network - a real-time detection network for DeFi

15 Nov 2022 • 32 min • EN
32 min
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Andy Beal is ecosystem lead at Forta Network, a real-time detection network for security and operational monitoring. Forta protects $36b in TVL including 52% of the top 30 DeFi protocols. Why you should listen Forta is a real-time detection network for security and operational monitoring of blockchain activity As a decentralized monitoring network, Forta detects threats and anomalies on DeFi, NFT, governance, bridges and other Web3 systems in real-time. Given timely and relevant alerts about the security and health of owned or dependent systems, protocols and investors can react quickly to neutralize threats and prevent or minimize loss of funds. Underlying Forta is a decentralized network of independent node operators that scan all transactions and block-by-block state changes for outlier transactions and threats. When an issue is detected, node operators send alerts to subscribers of potential risks, which enables them to take action. The future is multi-chain. That is why Forta continues to expand into the emerging landscape of new L1s and L2s, bringing runtime monitoring and anomaly detection to Ethereum, Avalanche, Polygon, BNB Chain, Fantom, Arbitrum, and Optimism. Supporting links Forta Andy on Twitter  Brave New Coin on Twitter Brave New Coin If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.

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