What is Forta (FORT)? Real-Time Anomaly Detection Network for Web3 Security

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Bittime - Web3 is growing rapidly, but it also presents new security risks. DeFi attacks, NFT scams, and smart contract exploits are becoming increasingly common. This is where Forta (FORT) comes in as a solution.

Water Itu Forta (FORT)?

Forta is a decentralized real-time anomaly detection network for monitoring blockchain activity. The platform helps detect and prevent various threats and maintain Web3 security.

Forta's Key Products & Features:

• Real-Time Anomaly Detection: Forta detects unusual transactions and changes in blockchain state, providing early warning of potential threats.
• Independent Node Network: Independent node operators scan the blockchain and send alerts to customers.
• Detection Bot Building: Developers can build detection bots and machine learning models to identify abnormal activity.
• Decentralized Governance: FORT tokens are used to secure and govern the Forta network.

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What is FORT token?

FORT is a utility and governance token used in the Forta ecosystem. This token has several functions:

• Pay Network Fees: FORT users pay fees for running detection bots and accessing data.
• Staking: FORT staking allows participation in network governance and earning rewards.
• Incentives: FORT is used to incentivize node operators and developers who contribute to the network.

Tokenomic Token FORT:

• Max Supply: 1.000.000.000 FORT
• Total Supply: 1.000.000.000 FORT
• Circulating Supply: 388.388.554  FORT
• Market Cap: IDR 1,210,792,104,442 (as of February 2024)

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Fundamental Analysis Forta (FORT):

• Team: Forta's team consists of blockchain and security experts with experience in top companies such as Google, Facebook, and ConsenSys.
• Community: Forta has a rapidly growing community of over 10,000 members.
• Partnerships: Forta has established partnerships with several leading blockchain projects such as Chainlink, The Graph, and SushiSwap.

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Forta (FORT) Comparison & Competitors:

Founder & Tim Forta

• Demian Brener: Founder &; CEO at OpenZeppelin, the company that founded and incubated Forta
• Forta team: consists of experienced blockchain, security, and software development experts.

Conclusion

Forta is an innovative Web3 security solution with great potential. The platform offers a wide range of advanced features and has a strong and experienced team. The FORT token has important utility and governance in the Forta ecosystem.

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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.