In the latest announcement of the scalable layer 1 platform, Fantom announced its collaboration with Dedaub to leverage its automated system called Watchdog to search for smart contract bugs in the Fantom ecosystem.

Watchdog is an automated system developed through Fantom’s partnership with security firm Dedaub. Using an automated, continuous auditing system, Watchdog can automatically scan selected Fantom Network smart contracts for faulty code that could become the root cause of security attacks.

According to the Fantom foundation in the announcement, Watchdog will especially focus on attacks that affect decentralized finance (DeFi) applications.

“We are incredibly excited to bring a new level of security and protection to the ecosystem with Watchdog. Developers require access to cost-effective, efficient and reliable smart contract auditing tools. Watchdog offers exactly that and will set a new standard for security,” said Michael Kong, CEO of the Fantom Foundation.

Additionally, Fantom stated in the announcement that if a vulnerability is detected in any of Fantom’s ecosystems, security firm Dedaub will alert the project and help them analyze the risks involved and support the project team in fixing the vulnerability in time.

The scalable Layer 1 platform added that while new threats may emerge as protocols evolve, a full audit becomes obsolete. As a result, Watchdog supplements manual audits with automated vulnerability detection services that are continuously updated to address newly discovered vulnerabilities.

Speaking of partnerships, web3 domain provider Unstoppable Domains recently partnered with the Fantom network to allow Fantom users to benefit from simplified cryptographic transactions, user verification, and identity ownership.

Fantom CEO Michael Kong noted: “Unstoppable Domains has been at the forefront of decentralized domains for years and is a pioneer in the Web3 space. We are delighted to be working together with Unstoppable Domains to bring these domain names to the Fantom Network and further simplify the movement of digital assets for our users.”

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