BalanceAI — Weekly Report

BalanceAI Network
5 min readJun 9, 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 — June 2, 2024

1. We are excited to announce the release of the first version of our new documentation!

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:

2. BalanceAI Dashboard

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

Please join our testing channel to be part of the testing effort on the dashboard.

3. 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

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!

4. New Website

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

5. 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 !!!

6. ETH <-> BAI Bridge

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

7. 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.

8. 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.

9. Our V0 Testnet is fully operational

Beta Testnet V0 can be found at:


10. 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

11. 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.

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BalanceAI Network

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