BalanceAI — Weekly Report
Weekly Report — May 5, 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 — April 28, 2024
1. New logo in social media
Last week marked an exciting milestone for our brand as we embarked on a journey of transformation by rebranding our social media presence and unveiling a fresh new logo.
More info about rebranding is in the article:
2. 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.
3. ETH <-> BAI Bridge
Works are underway on the bridge infrastructure (with some community members as the bridge is going to be run independently by the community).
We are working on the Bridge v0 that would feature hardware wallet based authentication to guarantee security of all transaction and minimize any security risks.
We are also researching BEEFY (Bridge Efficiency Enabling Finality Yielder) to fully decentralize bridge services in the v1 version.
https://spec.polkadot.network/sect-finality#sect-grandpa-beefy
https://polkadot.network/blog/the-landscape-of-trustless-bridges-on-polkadot
4. 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
5. From the news
We believe that blockchain technology can guide AI towards a more human-oriented approach. At BalanceAI, our goal is to develop an ecosystem where technology and humanity converge, achieving a harmonious balance of power between the two.
6. 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. With a keen eye for accuracy and clarity, we strive to ensure that our documentation serves as a reliable reference point for our team members and stakeholders alike. Through this concerted effort, we aim to streamline workflows, enhance communication, and fortify the foundation upon which our endeavors rest.
We are working on publishing the new documentation on our new portal.
7. Audit
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.
8. 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:
To stay updated with our latest news and developments, be sure to follow us on our official channels.