Fantom Network Launches Automated Smart Contract Audit System Watchdog to Monitor for Bugs
On October 27, the Fantom Foundation announced a collaboration with the security and Analysis platform Dedaub in order to bolster Fantom’s decentralized finance (defi) ecosystem. Dedaub’s monitoring system called Watchdog will monitor smart contracts on the Fantom blockchain for exploits and buggy code. Fantom Looks to Curb Defi Exploits With Watchdog Monitoring System The Fantom blockchain aims to protect its defi ecosystem with a new automated smart contract surveillance system called Watchdog, according to a blog post published on Thursday. Fantom is a layer one (L1) EVM-compatible blockchain that leverages an asynchronous byzantine fault tolerance (ABFT) consensus scheme. “Smart contract vulnerabilities remain a pressing problem across the crypto industry ,” the Fantom Foundation’s blog post explains. “In Q1 2022 alone, hackers stole $1.3 billion in cryptocurrencies; 97% of these exploits focused on defi products.” The Fantom Foundation said that the Dedaub-crafted Watchdog ...