Ironblocks’ Open-Source, On-Chain, Self-Service Web3 Firewall is Live

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Ironblocks, has launched an industry first open-source, on-chain, self-service Web3 Firewall purpose built for DeFi protocols. Launch partners include Linea, AltLayer, and Kinto.

Highlights of the Firewall:

• Customizable security policies
• Minimal changes to core code
• Support immutable and upgradeable contracts
• Integration takes minutes
• Open access, no paywall

Web3 Firewalls: Essential Protection for Smart Contracts

Web3 security faces unprecedented challenges as it enters the mainstream consumer space, with $730 million worth of crypto was stolen during the first quarter of 2024. Despite the proliferation of advanced tools, evolving cyberattacks reveal the need for a paradigm shift towards upgradeable architecture.

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This poses new challenges for developers and security professionals in Web3 — how do you even start to prevent an attack post deployment?

Navigating Web3 Security

Running a protocol exposes you to threats from social engineering attacks, smart contract vulnerabilities, and zero-day exploits. The high frequency and sophistication of these attacks reveal critical vulnerabilities in Web3’s current security infrastructure.

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Existing security measures, including monitoring services, smart contract audits, formal verification, and static analysis, offer critical safeguards but are isolated and unable to hold a holistic defense. Additionally, current solutions rely heavily on single vendors, making these approaches highly centralized and less resilient. 

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A major challenge is the significant gap in protection during runtime, as most security measures aim to safeguard before or after a transaction's execution phase, missing the window to prevent damage. Smart contracts, the backbone of Web3 applications, are particularly vulnerable to attacks due to their immutability and transparency. Traditional approaches often can’t adapt to emerging threats quickly enough.

Why Do Smart Contracts Need a Firewall?

At Ironblocks, seven years of analyzing Web3 threat intelligence has led to the development of its Web3 Firewall, a fully on-chain solution for protecting smart contracts from being hacked. 

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A transaction coming into the protocol is first examined by the Firewall’s security policies to ensure the transaction is not malicious. The firewall’s screening ensures the transaction will not change the state of the protocol in a way that violates the protocol’s security policies. 

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This simple, robust mechanism allows protocols to establish protection from hacks with minimal changes to the core code and with very low impact to gas costs of transactions executed by users. The integration takes only a few minutes and supports both immutable and upgradeable smart contracts. Ironblocks adds ongoing support for certain security features, which you can choose to activate for tailor-made security.

What This Means for Web3 Security

The adoption of Web3 Firewalls represents a paradigm shift away from rigid smart contracts towards upgradeable architectures that uphold decentralized security. This shift enables developers to prevent post-deployment attacks effectively.

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Firewalls have evolved significantly, from simple packet filters to sophisticated next-generation firewalls (NGFWs) and cloud-based solutions. Modern firewalls integrate multiple security functions and have evolved to adapt to new networking paradigms and threat landscapes.

The Future of Decentralized Security

Web3 security faces unprecedented challenges that require a shift towards more adaptable and comprehensive protection measures. Integrating a Web3 Firewall offers a powerful, adaptable solution that examines transactions before and after execution. 

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This evolution in security strategy supports both immutable and upgradeable contracts, ensuring the security and integrity of smart contracts and blockchain networks.

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Take advantage of this essential protection for your smart contracts and Web3 applications. Learn about firewalling your smart contracts and explore Ironblocks’ Self-Service Platform now

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About Ironblocks

Ironblocks is an end-to-end security provider for Web3 platforms, DeFi protocols, bridges, market makers, and other digital asset projects. Ironblocks automates proactive threat detection and will soon enable teams to instantly take preventative measures in milliseconds.

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Our mission is to protect decentralized finance and web3 from threats and thefts, creating the security needed to enable broad adoption of these platforms.

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Ironblocks’ Official Links:
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Website: https://www.ironblocks.com/
‍Docs: https://docs.ironblocks.com/ 
Twitter / X: https://twitter.com/Ironblocks_ 
LinkedIn: https://www.linkedin.com/company/ironblocks/ 
Discord: https://discord.gg/XJkYXyxPZj