Flare Teams Up with Hypernative for Enhanced Cybersecurity

Flare, an EVM-based Layer 1 blockchain, collaborating with Hypernative, a Web3 security company, to enhance customer protection.

In order to protect its customers from zero-day cyber threats, the EVM-based Layer 1 blockchain Flare collaborated with the Web3 security company Hypernative to notify them of possible dangers to digital assets, protocol flaws, and decentralized applications (dApps), among other things. 

Hypernative utilizes its proprietary machine learning models to monitor data from both on-chain and off-chain sources. This technique enables the accurate prediction of cyber, economic, and governance dangers before they materialize. We then connect these predictions to automated playbooks to prevent or mitigate risks in real-time.

Hypernative’s architecture continuously monitors various activities, including on-chain transactions, governance procedures, financial operations, and security-related events. Clients can react quickly and limit losses because of its design, which proactively detects several dangers and probable assaults before they have a major impact.

The platform is constantly monitoring all 1,443 protocols and has already discovered over 764,000 threats.ive has identified more than two hundred and seventy vulnerabilities, with a potential damage cost of fourteen billion dollars. At present, the company is responsible for overseeing a total worth of $37 billion, serving some of the industry’s major web3 ecosystems.

Flare users can see the monitoring and prevention procedures, in addition to getting access to the platform and help with their alert settings. Hypernative will assist them in the event of an attack, as well as provide notifications and instructions as needed.

To improve the safety and efficiency of transactions, Flare uses embedded Oracles

In order to facilitate decentralized data collection, Flare functions as a blockchainFlare’s suite of integrated oracles, protected at the network layer, provides developers with cheap and secure access to a plethora of status and price data for their decentralized applicIts EVM-based platform enables the launch and execution of any network-coded program.

An interview with Hugo Philion, co-founder and CEO of Flare Labs, revealed that the company has built Flare with embedded oracles to support high-value transaction scenarios, such as those in DeFi and AI applications. Thanks to Hypernative’s Flare monitoring, applications and users will have an extra buffer against possible vulnerabilities. Our main objective is to provide the highest level of security so that everyone who uses the network, including institutions, developers, and community members, may have faith in it.