Stellar, a leading blockchain platform for global financial services, has joined forces with Hypernative to bolster its network’s security. This strategic partnership aims to elevate Stellar’s security measures through Hypernative’s cutting-edge real-time threat detection and response platform, enhancing the protection against potential hacks and other security vulnerabilities.
Hypernative Enhances Stellar’s Security Posture
Stellar is renowned for its fast, scalable, and cost-effective transaction solutions. Now, with Hypernative’s advanced security tools, Stellar’s ecosystem is set to achieve new heights in safeguarding its network. Hypernative’s platform offers comprehensive protection against threats such as phishing, fraud, and market manipulation. By integrating these tools, Stellar empowers its developers to focus on innovation while Hypernative handles real-time threat detection and incident response, including the recovery of lost funds.
Hypernative’s platform is not only a robust defense mechanism but also ensures compliance with legal and operational standards. It provides crucial insights into threats affecting bridges, smart contracts, wallets, and token allocations, reflecting Stellar’s commitment to maintaining a secure environment for its users.
Boosting Security for Stellar Projects
With Hypernative’s integration, projects operating on the Stellar network now benefit from enhanced security monitoring and prevention features. This partnership significantly improves the configuration and management of security flows, contributing to a safer and more resilient Stellar ecosystem as it continues to grow.
Hypernative’s support extends to various aspects of incident handling, aiming to mitigate financial losses and prevent business disruptions for Stellar projects. The integration underscores Stellar’s ongoing mission to deliver decentralized, secure, and inclusive financial services globally.
Hypernative’s Proven Track Record
Hypernative’s reputation for effectiveness is demonstrated by its impressive performance metrics. In 2023 alone, the platform detected 99.5% of potential hacks with a remarkably low false positive rate of less than 0.001%. Notably, Hypernative identified threats over two minutes before they could cause harm, potentially averting losses exceeding $200 million. Currently, Hypernative oversees security for over 40 blockchain networks and manages assets worth more than $37 billion.
This partnership comes at a time when Hypernative is experiencing significant growth. The company recently secured $16 million in Series A funding led by Quantstamp, with additional investments from Bloccelerate VC, Boldstart Ventures, Borderless Capital, CMT Digital, IBI Tech Fund, and Re7 Capital. This funding boost elevates Hypernative’s total capital to $27 million, enabling it to expand its operations in the Asia-Pacific region and the U.S. Moreover, Hypernative plans to enhance its team with new hires in research and development, customer support, and sales and marketing.
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With Hypernative’s solutions preventing over $100 million in losses to date, Stellar’s collaboration with Hypernative solidifies its position as a secure and reliable blockchain platform for real-world financial applications.
In summary, Stellar’s integration with Hypernative is a game-changer for blockchain security, promising a fortified ecosystem where developers and users alike can operate with enhanced confidence and protection.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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