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Forta Review | Forta Network | Forta Network Token Fort

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Welcome to our Forta Review Video!

What is Forta?
Forta is a real-time detection network for security & 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.

Supported chains
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.

Why Forta
As the Web3 economy grows in value and complexity, security has become increasingly critical. More than $1 billion was lost in the first quarter of 2022 due to hacks and exploits, some of which have only been discovered several days after the attack happened. The need for real-time security and operational monitoring has become clear, allowing protocols and investors to react quickly to neutralize threats and prevent or minimize loss of funds.

However, the rapid speed at which the Web3 industry develops makes it hard for a centralized entity to watch it all. That’s where Forta comes in.

How to get started
You can subscribe to the Forta data feeds through a variety of applications, including the Forta App, OpenZeppelin Defender, or directly by using the public Forta API.

You can develop and deploy your own detection bots on Forta using the SDK. There are many templates and examples you can work from. There are also a growing number of development teams who you can hire to develop Forta bots for your project (visit the Bot Development Marketplace or contact the Forta Foundation at [email protected] for more information).

If you are an independent dev that wants to develop detection bots, you can visit Forta’s Bot Development Marketplace to discover RFPs, apply for Grants or participate in Forta Development Contests, which are announced in the Forta Discord.

Detection Bots
Detection bots refer to a set of code scripts within a Docker container that process some blockchain data (i.e. a block or transaction) and detect specific threat conditions (e.g. whether a flash loan attack occured, or whether a particular account balance fell below some threshold). Bots emit alerts for their findings. Bots are executed by scan nodes. To learn more about bots, see our FAQ section.

Scan Nodes
A scan node is a specific type of Forta node that executes detection bots for every transaction and every new block on a specific blockchain network. The scan node manages and coordinates bots (e.g. by instantiating and running bots, and restarting bots that become unresponsive). The scan node ferries blockchain data to bots to process the transaction/block.

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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

I hope you found value in our Forta Review video. Make sure to leave a like on the video if you gained value from it!

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⏰Timestamps⏰

0:00 forta network review intro
0:28 forta network summary
13:34 forta network outro