Too Long; Didn't Read
Andrew Beal is the spokesperson of Forta, a decentralized network for monitoring, detecting, and alerting users about potential threats and anomalies. Forta monitors and protects over $36 billion across Bitcoin and other cryptocurrencies. Beal explains why some Web3 protocols fail to prevent these attacks in some instances. The Forta Network monitors on-chain activity in real-time for threats, but there is a close relationship between the alerts emitted by Forta and the incident response function. In the future, we expect there to be more mechanisms for incident response, which may include transaction simulations and user and contract reputation systems.