Forta is a decentralized, community-driven network that aims to provide real-time detection and monitoring of blockchain activity. It seeks to identify threats and anomalies on various Web3 systems, including DeFi, NFT, governance, and bridges. The network operates through a collection of independent node operators that scan all transactions and state changes block-by-block, identifying outlier transactions and potential threats. When an issue is detected, alerts are sent to subscribers, enabling them to take swift action. The community aspect of Forta is integral to its operation, with community members contributing to the network's development and benefiting from its services.

Forta operates by leveraging a 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, these operators send alerts to subscribers about potential risks, enabling them to take action. Developers can build detection bots and machine learning models, and run them on the decentralized Forta network to uncover anomalous activity on every blockchain transaction. The network is governed and secured by smart contracts, ensuring the integrity and reliability of the system.

Forta aims to provide a real-time detection network for security and operational monitoring of blockchain activity. It can be used by protocols and investors to receive timely and relevant alerts about the security and health of owned or dependent systems, enabling them to react quickly to neutralize threats and prevent or minimize loss of funds. Developers can leverage Forta to build detection bots and machine learning models to uncover anomalous activity on every blockchain transaction. Additionally, Forta can be used by Web3 wallets, DeFi protocols, or centralized exchanges to protect their customers by consuming threat intel generated by the network.

The history of Forta is rooted in its mission to provide a real-time detection network for security and operational monitoring of blockchain activity. It was designed as a decentralized, community-based monitoring network to detect threats and anomalies on various Web3 systems in real-time. The network is made up of thousands of detection bots developed by a community of Web3 developers and security experts. Each bot acts like a security camera, monitoring specific on-chain activities. Over time, Forta has grown to become a known player in the blockchain security space, providing valuable threat intelligence to its users.

FORT is a cryptocurrency that seeks to acknowledge the identification and reporting of security vulnerabilities. This process is part of a broader system known as a bug bounty program. In this system, individuals, often referred to as 'bug hunters', are encouraged to find and report potential security issues in a platform or software. These bug hunters then receive non-monetary recognition for their efforts in the form of FORT tokens. The recognition system is structured to encourage these individuals to contribute to the platform's security, rather than exploiting the vulnerabilities they find for malicious purposes. The recognition level can vary depending on the severity of the identified vulnerability. This approach seeks to improve the overall security of the platform by leveraging the skills and knowledge of a diverse group of individuals.

Forta operates on multiple blockchains including Ethereum and Polygon, and is utilized in various web3 DApps. Forta's community-run security network is designed to protect assets from potential exploits. DApp developers can use the Forta SDK to build threat detection bots and set up nodes to extend the Forta network across chains. This allows developers to monitor their applications for potential security threats and respond quickly to any detected anomalies. By providing a security-focused approach, Forta strives to contribute to the safety and reliability of DApp operations.

Forta distinguishes itself in the blockchain security space through its combination of features. Forta's blockchain technology produces a structure of data with security qualities, designed to resist tampering. The data is structured into blocks, each containing a transaction or bundle of transactions. Each new block connects to all the blocks before it in a cryptographic chain, aiming to ensure that each transaction is true and correct. This technology enables decentralization through the participation of members across a distributed network, reducing any single point of failure. Forta considers traditional security controls and technology-specific controls, such as identity and access management, data privacy, secure communication, and smart contract security. This approach seeks to provide a security strategy for blockchain solutions, positioning Forta in the blockchain security space.

Forta intends to address security threats in the blockchain ecosystem by offering a real-time detection network for security and operational monitoring of blockchain activity. It seeks to detect threats and anomalies on DeFi, NFT, governance, bridges, and other Web3 systems in real-time. Forta utilizes a decentralized monitoring network to provide timely and relevant alerts about the security and health of owned or dependent systems. This enables protocols and participants to react swiftly to neutralize threats and prevent or minimize potential risks. Forta also employs an incentive structure, the FORT Token, to assure its monitoring network. Node runners must allocate FORT Tokens to provide assurance for the tasks they are performing, as the allocated FORT can be slashed if a node fails to execute their assigned work or performs their work maliciously. Developers may also allocate FORT Tokens on Detection Bots, indicating Detection Bot quality to the Network and introducing a Sybil resistance mechanism.

Forta has been actively participating in various partnerships and collaborations across different sectors. These partnerships have led to developments in cross-border payments, enabling more efficient transactions. For instance, through its collaboration with various financial institutions, Forta has been able to establish a developed network known as FortaNet, which facilitates cross-border payments. Through these collaborations, Forta has introduced its native token, FRT, as a liquidity tool for banks and financial institutions. This token allows for instant transfers with reduced costs, aiming to lessen the need for intermediaries and transaction time. Forta's partnerships aim to improve the efficiency and reduce the costs of cross-border payments, benefiting not only banks and financial institutions but also businesses and individuals around the world. By collaborating with these key players in the banking industry, Forta aims to drive innovation and influence the traditional banking landscape.