Manta Network and Blocksec Unveil Sequencer Threat Overwatch Program (STOP)

In
a
significant
move
to
bolster
blockchain
security,
Manta
Network
and
Blocksec
have
announced
the
Sequencer
Threat
Overwatch
Program
(STOP).
This
initiative
aims
to
enhance
the
security
of
Layer
2
(L2)
solutions
by
providing
robust
protection
at
the
sequencer
level.
According
to

Manta
Network,
this
collaboration
promises
to
set
new
standards
in
the
blockchain
security
landscape.

What
is
a
Sequencer?

A
sequencer
in
blockchain
technology,
especially
in
L2
solutions,
is
a
critical
component
responsible
for
managing
the
order
and
execution
of
transactions.
It
collects,
validates,
and
orders
transactions
before
submitting
them
to
the
Layer
1
(L1)
blockchain,
such
as
Ethereum.
This
process
enhances
the
efficiency
and
integrity
of
the
blockchain
network.

Importance
of
Sequencers
in
L2
Solutions

Sequencers
play
a
pivotal
role
in
improving
transaction
throughput
and
user
experience
in
L2
solutions.
By
processing
transactions
off-chain
and
committing
results
to
the
L1
blockchain,
sequencers
can
handle
a
large
number
of
transactions
simultaneously,
reducing
costs
and
increasing
efficiency.
This
capability
is
essential
for
high-demand
applications
like
decentralized
finance
(DeFi)
platforms,
gaming,
and
supply
chain
management.

Introduction
to
Sequencer
Threat
Overwatch
Program
(STOP)

The
STOP
initiative
integrates
advanced
threat
detection
and
prevention
mechanisms
to
secure
the
sequencer
level
in
L2
solutions.
It
leverages
Blocksec’s
Phalcon,
the
world’s
first
attack
monitoring
and
blocking
platform,
to
ensure
comprehensive
security.

STOP’s
Architecture

STOP
incorporates
Phalcon’s
attack
detection
engine,
which
screens
every
L2
transaction
before
it
is
included
in
the
L2
chain.
Malicious
transactions
are
quarantined
for
further
inspection,
ensuring
only
legitimate
transactions
proceed.
This
process
enhances
security
without
additional
cost
to
users
and
protocols.

Deep
Dive
into
BlockSec
Phalcon

Phalcon,
developed
by
BlockSec,
is
renowned
for
its
advanced
security
solutions
in
the
blockchain
space.
It
has
successfully
thwarted
over
20
crypto
attacks,
saving
more
than
$20
million
worth
of
assets.
Phalcon’s
threat
inspection
service
analyzes
each
block
and
transaction
for
potential
threats,
using
advanced
algorithms
and
machine
learning
to
identify
and
mitigate
risks.

Breakthroughs
of
Phalcon-Empowered
STOP

Phalcon’s
attack
detection
engine
is
highly
accurate,
with
a
false
positive
rate
of
less
than
0.0001%.
It
quarantines
suspicious
transactions
at
the
sequencer
level,
preventing
attacks
from
causing
damage.
This
built-in
security
at
the
chain
level
avoids
significant
costs
and
time
associated
with
building
or
procuring
monitoring
platforms.

DeFiRanger

DeFiRanger,
a
key
component
of
Phalcon’s
security
offering,
detects
and
prevents
price
manipulation
attacks
in
DeFi
applications.
It
bridges
the
gap
between
low-level
transaction
data
and
high-level
DeFi
actions,
enabling
precise
detection
of
complex
security
incidents.

Conclusion

The
Sequencer
Threat
Overwatch
Program
(STOP)
represents
a
significant
advancement
in
the
security
of
L2
solutions.
By
combining
the
strengths
of
Manta
Network
and
Phalcon,
STOP
ensures
the
integrity,
transparency,
and
performance
of
blockchain
transactions.
This
initiative
sets
a
new
standard
for
future
developments
in
the
blockchain
ecosystem,
fostering
greater
trust
and
adoption
among
users
and
developers
alike.

About
Manta
Network

Manta
Network
is
a
modular
blockchain
for
zero-knowledge
(ZK)
applications.
Manta
Pacific,
its
modular
L2
ecosystem,
offers
a
low-cost
and
efficient
environment
for
ZK-enabled
applications.
Manta
Network
has
received
investments
from
top
web3
investment
funds
and
has
grown
through
participation
in
leading
web3
accelerators.

Image
source:
Shutterstock