BalanceAI — Weekly Report

5 min readJun 2, 2024

Introduction

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 — May 26, 2024

1. BalanceAI Dashboard

BalanceAI Dashboard completed, we are working on testing staking functionality right now.

We are going to release a testing version for the community soon.

2. New Website

First draft of new website design has been completed. We are working on finalizing the website HTML code to publish it.

3. First version of the new documentation is ready

At present, we’re deeply engaged in the meticulous process of documentation. Our focus lies in organizing, detailing, and clarifying vital information that underpins our project.

We plan to release the documentation for the community next week.

4. Partnership with major Validator Alliance

We have secure collaboration with leading PoS Validator Alliances. We are currently testing our Testnet with them.

They will become an important part in our Mainnet V0 Launch as the necessary security component of our chain.

More partnership news coming soon !!!

https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Frpc-alpha.balancedao.io%2F#/staking

5. ETH <-> BAI Bridge

We have finished the Bridge Pallet, currently integrating it with the main codebase.

6. 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.

7. We have started the migration process to a new domain

We are currently in the process of migrating our website to our new official BalanceAI Network domain. The site will be under construction for a brief period. Coming soon, we will begin publishing updated project information documents.

https://balanceai.network

8. 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-testnet.balancedao.io%2F#/explorer

9. Audit

Final Audit scheduled to start early next week.

We have established a commercial arrangement with the Auditor company (recommended by Astar team). We are currently working with them on auditing. It is a tedious process as we need to make sure V0 is a stable basis for all our next efforts. Work involves re-running all tests, get their feedback, fixing issues and run a full final audit.

Preliminary audit has been completed, the audit plan has been established as follows.

Runtime implementation baseline check. We delve deep into the implementation of BalanceAI to identify any divergence from the design that might render it susceptible to vulnerabilities.

Attack assessment: Drawing from the previously postulated attack paths, our hacking team identifies implementation flaws. The team endeavors to find ways to successfully execute attacks.
Hacking vector exploration: In tandem, our experts probe the system from multiple angles. This parallel approach ensures that we holistically cover BalanceAI’s stack, focusing particularly on the runtime logic of the implementation.
Dynamic testing: We employ dynamic testing methodologies, including coverage guided fuzz testing on the BalanceAI runtime implementation. This approach facilitates the discovery of hidden vulnerabilities by generating a plethora of random inputs to scrutinize how the system responds.

The review covers BalanceAI v0:

A. BAI v0: Network Genesis and Chainspec

B. BAI v0: Network Runtime Configuration

C. BAI v0: Governance Configuration