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Blockchain security solutions provider OpenZeppelin today announced the launch of Defender 2.0, a developer security platform designed for mission-critical coding, auditing, deploying and monitoring blockchain-based applications.

Defender acts as an operational platform that allows blockchain developers to build, deploy and oversee smart contracts, which are fundamental to decentralized applications. Smart contracts are a type of code that self-execute when certain conditions are met without the need for external interaction, they allow for simplified transactions and eliminate middlemen.

Smart contracts on blockchains are commonly associated with cryptocurrencies and govern transactions between parties. Their coding can also be riddled with vulnerabilities and exploits, which makes them a common target for malicious parties.

The Defender 2.0 release comes at a time when decentralized apps, or dapps, have suffered numerous exploits, leading to high losses. In 2023, decentralized finance projects lost an estimated $479 million in cryptocurrencies to hacks and exploits, with July having the largest recorded losses of $77 million in a month.

Defender 2.0s ultimate goal is to help developers make their smart contracts as secure as possible at all stages from development to deployment and production, said Demian Brener, founder of OpenZeppelin.

The new version of Defender 2.0 bakes in a number of modules in to protect the entire lifecycle of a decentralized blockchain project from code, auditing, deployment to monitoring. When coding, developers will get assistance from a machine learning model that will scan their code as they push to GitHub and identify potential vulnerabilities and suggest improvements before they become a problem. An audit module streamlines the process of discovering critical bugs and prioritizing them.

When deploying, Defender 2.0 automates secure smart contract upgrades and execution that allow operations teams to rapidly get up and running avoid unnecessary delays. This module integrates with Safe, previously Gnosis Safe, a decentralized custody protocol, and Fireblocks Inc.s institutional asset custody services for multiparty computation wallet capabilities to increase security.

Finally, monitoring and operations modules will allow teams to respond immediately if anything goes wrong with the smart contracts once deployed through an analytics system that can detect anomalies or catastrophic events. Users have full visibility into their smart contracts while they are live that analyze their risks and behaviors to give them the time and data in the case of an incident.

Project teams can also extend Defender 2.0s platform with custom code using a new Actions module that will allow them to automate workflows for on-chain and off-chain operations.

By combining so many unique features in one place, Defender 2.0 reimagines how blockchain builders tackle development, deployment, monitoring, and response offering a seamless, convenient, and universal solution, said Brener. By incorporating security early on in the development process, builders will be able to ship faster and more safely.

At launch, Defender 2.0 supports over 30 blockchain mainnets and testnets including Ethereum, Polygon, Arbitrum, Optimism, Coinbase Inc.s Base and zSync Era. Big-name blockchain companies already use Defender, such as zkSync creators Matter Labs, blockchain indexing protocol TheGraph and Mean Finance, to keep their smart contract code and decentralized apps safe.

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OpenZeppelin launches version 2.0 of its Defender end-to-end ... - SiliconANGLE News