BalanceAI — Weekly Report

BalanceAI Network
7 min readOct 13, 2024

--

Welcome to our weekly update, a summary of the most recent progress and achievements in our project. To access the previous update, please click on the following link: Weekly Report — Oct 06, 2024

1. Staking Guide

As a preparatory step to our mainnet launch, we have updated our documentation with the detailed staking guide.

You can read it here:

2. Bridge Audit

As our Mainnet V0 is currently in Release Candidate state ready to be launched and bridge is currently being actively tested in Testnet.

We have engaged SRLabs (https://www.srlabs.de/) to audit the fully functional bridge (both sides EVM and Substrate). Audit is currently under way and is expected to be concluded soon.

We continue to test and monitor the RC 1, anyone can help with tests at https://dashboard.balanceai.network/

3. BalanceAI Vision: Building Synergy Between AI, Blockchain and Humans

Before we launch our forthcoming mainnet, take a look at the article we’ve posted on Medium which outlines our exciting plans for harnessing the power of artificial intelligence.

More information in the Medium article:

4. V0 — Agents VM (centralized version)

We are actively refining the centralized version of the Agents VM, ensuring that the core functionality is robust and scalable. The plan is to launch it together with V0 release.

AgentsVM will host (for a start) Task-oriented Autonomous Agents.

Read more about those types of agents in our medium post at:

5. New Discord Server Launch

We’re preparing everything to offer the best possible space for our community, as our Mainnet v.0 “The Torus” draws closer.

As we grow, it’s time to expand!

Join our Discord server and be part of the next step in our journey.

Link to our Discord:

6. New website available

As we approach the launch of our Mainnet v.0, we’re excited to unveil our newly designed website.

You can now explore it at https://balanceai.network

If you want to learn more about our brand identity, read this article:

7. Update — Dashboard Release v.36

We’re pleased to announce that the latest version of the BalanceAI Dashboard, v.36, is now live on our server. This release brings key improvements designed to enhance user experience and expand existing functionalities.

8. AMA Recap

Missed our first AMA? Catch up on the highlights in our AMA Recap!

More information in the Medium article:

9. V0 — Audit Completed

We are pleased to announce the publication of the audit report for our mainnet, ensuring transparency and security for our users. The comprehensive audit confirms that our network meets the highest standards of reliability and performance. This milestone reinforces our commitment to providing a robust and secure blockchain infrastructure.

More information in the Medium article:

10. ZKML Partnerships

We are actively working on enhancing V1 functionality by cooperating with industry leaders in the AI space.

After discussions with @ezklxyz ‘s CEO, we have successfully integrated their zero-knowledge cryptography tool into our #BalanceAI #SDK beta test, to prove the authenticity of AI/ML models.

We’re thrilled to announce that it will also be part of the V.1 upgrade “The Synergy”.

What is EZKL?

EZKL is a cutting-edge tool designed to simplify zero-knowledge proofs (ZKPs) for AI and machine learning models. It ensures secure and private verification of model outputs without exposing underlying data or models.

11. V0 Core Audit Fixes completed

Stay tuned for the official announcement and audit report reveal.

12. Bridge functionality tests and audit

We are currently actively testing the bridge functionality.

As bridge security is crucial we are closely working with auditors on the bridge audit.

Bridge Pallet Audit has been completed — we have worked on the auditors fixes for found issues.

We have handed over the fixes to the auditors and they are working on verification before providing the final report.

13. V1 Works continue — AI Nodes & BAI SDK Wrapper

We are testing the first version of the Balance AI SDK Wrapper.

BalanceAI Wrapper enables connection of AI models (API endpoints to AI models) to the BalanceAI blockchain. Wrapper is a Python utility (command-line tools and libraries) that wraps API calls from locally run model APIs, exposing them to BalanceAI users. It provides security by validating requests from authenticated users, checking authorization, and storing information about requests/responses on-chain and in the InterPlanetary File System (IPFS).

Below you can find a screen showing BalanceAI Wrapper SDK serving a Hugginface model. We have added that functionality to the SDK and currently testing it.

14. Audit Completed

The company responsible for the audit has finished its assessment.

We have completed the fixes for the auditors found issues and handed over the code for the auditors to re-verify.

They are going to re-run the following test cases:

A. BAI v0: Network Genesis and Chainspec

B. BAI v0: Network Runtime Configuration

C. BAI v0: Governance Configuration

15. Remember, the first version of our new documentation is now available!

This marks a significant milestone in our journey to enhance user experience and provide comprehensive support for our blockchain.

We are actively developing and expanding our documentation. Future updates will bring more guides, tutorials, and examples, improved accessibility, and integration of user feedback.

Documentation is available at the link:

16. Product Testing channel

We are excited to invite you to join our Community Testing Group. Participate in the improvements and proposals for our project, helping us test, identify bugs, and propose enhancements.

◽️ Why Join?

- Provide valuable feedback to enhance the project.

- Connect with like-minded individuals and contribute to a collaborative effort.

- Be the first to experience our latest features.

◽️ How to Participate:

1️⃣ Join our Telegram channel https://t.me/Balance_AI/44465

2️⃣ Stay updated about detailed instructions on new components.

3️⃣ Share your insights, report bugs, and suggest improvements.

Your feedback is crucial, and we appreciate your time and effort in helping us build something amazing.

Thank you for your support!

17. V1 Design process has started

We have started working on the design documents for the V1.

  • On-Chain Access: The ability for users and/or applications to interact with AI models in a controlled (by Balance AI blockchain data) environment.
  • AI Models Wrapped : A wrapper framework serves as a software development kit (SDK) designed to expose AI models via API, streamlining the process of integrating these models into Balance AI Marketplace. This framework automates several crucial aspects related to on-chain access, payments, security, and validation, enhancing the accessibility and usability of AI models in on-chain environment.

18. Our V0 Testnet is fully operational

Beta Testnet V0 can be found at: rpc-testnet.balancedao.io

Explorer: https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Frpc.balanceai.network%2F#/accounts

19. Monitoring infrasctructure

We are working on preparing solid monitoring infrastructure for the V0 Testnet and V0 Mainnet.

The monitoring hub in action with our latest V0 Testnet with 3 validators:

More information and official social media channels to participate and stay updated can be found at:

Website: balanceai.network

GitHub Repository: BalanceAI GitHub

Medium Blog: BalanceAI Medium

Social: BalanceAI Media

Docs: BalanceAI Documentation

Contact: Contact Form

--

--

BalanceAI Network

BalanceAI is an open-source protocol that powers a decentralized, blockchain-based AI Models Marketplace.