Hypernative integrates with Stacks, Bitcoin’s leading L2, to enhance security for apps and smart contracts. This partnership strengthens the Bitcoin economy by providing real-time threat detection and response, safeguarding the ecosystem from sophisticated attacks.
Hypernative, a real-time threat detection and response solutions provider, has announced its collaboration with Stacks, Bitcoin’s leading layer 2 (L2). This partnership is set to significantly strengthen the security framework for applications and smart contracts built on Stacks, ultimately strengthening the entire Bitcoin ecosystem.
Enhancing Stacks with Advanced Cybersecurity Tools
Hypernative’s integration with Stacks will provide projects operating on the Bitcoin L2 with access to state-of-the-art cybersecurity tools. This includes the Hypernative Platform, which offers assistance in configuring security monitoring and prevention flows. The platform’s capabilities extend to incident response, aiding in the investigation and identification of root causes, and leveraging a network of connections to address potential fund theft.
The Hypernative monitoring and response service is designed to detect sophisticated attacks such as hacks, exploits, and fraud. By providing early warnings of emerging threats, it enables operators to take rapid measures to mitigate risks. This proactive approach to security is crucial for maintaining the integrity and trustworthiness of the Stacks ecosystem.
Strengthening the Bitcoin Economy
Stacks aims to scale Bitcoin and enable advanced financial constructs like decentralized finance (DeFi) on the Bitcoin network. With more code and smart contracts being developed, the need for strong security measures becomes increasingly critical. Hypernative’s real-time protection ensures that these developments are secure, allowing for innovation within the Bitcoin economy to thrive.
Hypernative CEO and co-founder Gal Sagie emphasized the importance of this collaboration, stating, “Stacks is on a mission to scale Bitcoin and make more advanced financial constructs possible on the network. With more code and more smart contracts comes a critical need to make sure they are safe. Hypernative is proud to secure the entire Stacks ecosystem in real time and help activate the Bitcoin economy.”
Comprehensive Security Measures
As part of the integration, Stacks ecosystem projects will benefit from ecosystem-wide monitoring, addressing a broad range of attack surfaces and risk vectors. This includes protection for bridges, internal infrastructure smart contracts, multisig wallets, treasury, and token allocations.
Hypernative’s platform monitors both on-chain and off-chain data sources in real-time, identifying over 200 risk types with unparalleled accuracy. Utilizing sophisticated machine learning models, heuristics, simulations, and graph-based detections, Hypernative provides the fastest and most reliable threat detection in the web3 space. The platform boasts a hack detection rate of 99.5% and has helped projects save over $50 million in funds to date.
A Foundation for Bitcoin Innovation
Combining Stacks’ programmability with Hypernative’s advanced security forms a robust foundation for Bitcoin innovation. Projects building on L2 will have the confidence that their operations are anchored to the world’s most secure blockchain, with on-chain activities being monitored in real-time for advanced threat detection.
About Stacks
Stacks is a Bitcoin L2 that enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. The upcoming Nakamoto release in 2024 promises faster speeds and transactions as irreversible as Bitcoin’s once confirmed, paving the way for a programmable Bitcoin asset called sBTC. Stacks is the leading Bitcoin L2 by developer traction and market cap, poised to unlock Bitcoin’s $1 trillion in passive capital as a fully programmable, productive asset.
The Stacks (STX) token, used as gas on the L2, was the first to undergo an SEC-qualified sale in the United States. With the mainnet launch in 2021, the project has become explicitly decentralized, featuring contributions from over 30 entities, including the non-profit Stacks Foundation, Hiro, Xverse, Trust Machines, Mechanism, Bitcoin L2 Labs, ALEX, Bitcoin Frontier Fund, and more.
