BalanceAI — Weekly Report
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 — Nov 10, 2024
1. 2nd Audit Completed — Optimizes Core System and Bridge Functionality — by Security Research Labs
We are excited to announce the successful completion of BalanceAI’s second smart contract security audit, conducted by Security Research Labs (SRL). This audit focused on the core platform components, including the BalanceAI Bridge, ensuring the security and efficiency of cross-chain interactions between Ethereum and BalanceAI Network (Substrate).
More information in the Medium article:
2. BalanceAI Network V0 ‘The Torus’ — Recap, Key Updates, and Functionality Enhancements
The launch of BalanceAI Network’s V0 Mainnet, The Torus, is approaching, and we’d like to update the community on a few key updates.
You can read it here:
3. Target Launch Date: 18.11.2024–24.11.2024
As we approach the launch of Mainnet V0, we would like to take this opportunity to provide an update on our current status, outline where we stand, and reveal the exciting path ahead!
What to Expect in the Coming Weeks:
1️⃣ Launch fully working Dashboard — Staking + Bridge
2️⃣ Update on V1 — agent/model NODEs
3️⃣ Launch V0 — Mainnet
4️⃣ Launch AgentVM GUI (centralized VM)
More information in the Medium article:
4. BalanceAI — 2nd Community Rewards Campaign
We are excited to announce our second Community Rewards Campaign for all of you who support and contribute to the growth. This campaign is designed to actively involve our community during the upcoming event of the Mainnet launch.
We believe that authentic marketing comes from genuine participation, and that’s why we want to reward everyone who helps promote the Mainnet launch and spread the word.
More information in the Medium article:
5. DWELLIR — Partnership
We are excited to announce our partnership with Dwellir as BalanceAI’s official RPC provider!
Significant step forward in reliability and scalability. By leveraging Dwellir’s enterprise-grade infrastructure, BalanceAI can ensure fast, secure, and seamless blockchain connectivity, enhancing the experience for our users and supporting our mission to deliver precise, data-driven insights on a decentralized platform.
More information in the Medium article:
6. Using Text2Agents for Health Care Insights about #Diabetes
On this Text2Agents example, we can see a system of AI agents that work together to assist in research in complex areas such as diabetes prevention and healthcare.
You can read it here:
7. Unlock Endless Possibilities: Leveraging AI Agents for Memcoin Marketing and Real Estate Investments
Take a squint at our recent articles on harnessing the power of AI Agents — from developing a sound marketing strategy to pinpointing prime real estate investment opportunities.
How to Use BalanceAI AgentsVM to Create a Marketing Strategy for an AI Memecoin Project:
Using Text2Agents for Real Estate Insights:
8. Text2Agents
Get ready to experience something new: Text2Agents is not just a messaging app or chatbot, but a sophisticated gateway that elegantly bridges the gap between humans and intelligent agents.
More information in the Medium article:
9. Understanding AI Agents: The Future of Autonomous Task Execution
We recommend that you take a moment to read our latest article on AI Agents:
10. Deep Dive into BalanceAI Native Utility Token BAI: Use Cases & Solutions
We urge you to read our most recent article about our ecosystem.
In the following sections, we will explore the fundamental aspects of the BalanceAI ecosystem. Each topic provides insight into how the $BAI token empowers various functionalities and enhances the collaborative environment for AI development:
1️⃣ Native Utility Token (Utilities of BalanceAI native token $BAI).
2️⃣ Use Cases (Possible applications within BalanceAI Network).
3️⃣ Solutions (Problems solved by BalanceAI).
4️⃣ Utilities (Tools and features provided by BalanceAI).
5️⃣ Enablers (What BalanceAI enables or enhances).
More information in the Medium article:
11. 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:
12. Bridge Audit — concluded
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).
We continue to test and monitor the RC 1, anyone can help with tests at https://dashboard.balanceai.network/
The audit has been completed, we have received the draft of the report. It contains a HIGH level issue found. We are fixing it right now.
Once the fix is confirmed by the auditors the RC1 (ChainNode + Bridge) will be ready to launch.
13. 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:
14. 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:
15. Update — Dashboard Release v.42
We’re pleased to announce that the latest version of the BalanceAI Dashboard, v.42, is now live on our server. This release brings key improvements designed to enhance user experience and expand existing functionalities.
16. 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:
17. 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.
18. V0 Core Audit Fixes completed
Stay tuned for the official announcement and audit report reveal.
19. 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.
20. 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.
21. 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
22. 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:
23. 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!
24. 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.
25. 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
