glossary
Onchain Detection and Response
ODR is crucial for the security of blockchain-based financial systems, particularly in high-stakes environments like DeFi.
For example, when a malicious actor deploys a smart contract that contains an exploit, ODR systems detect the abnormal activity, initiate a response—such as freezing funds or notifying the security team—thereby mitigating the threat.
By integrating both detection and response, ODR offers a proactive security model that can prevent attacks from causing widespread damage.
This approach is vital for companies managing large amounts of digital assets, where every second matters. ODR systems continuously monitor the blockchain for suspicious activities, leveraging automated workflows to ensure that threats are neutralized with minimal delay. This model is particularly effective against new and emerging threats, as it relies on real-time intelligence directly from the blockchain.