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Alephium
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Alephium
@alephium
The Web3 you were promised. A high-performance Layer 1 PoW network enabling scalable, easy to use and aligned crypto applications. No tradeoffs.
Alephium has secured a path to provide the assets required to cover the USDT, USDC, wBTC, wETH and wBNB drained during the bridge exploit. As previously announced, the ALPH needed to back the approximately 500,000 unbacked wrapped ALPH acquired by users in the aftermath of thex.com/alephium/statu… Alongside the bridge remediation effort, here's what we've also been working on this week.- March to Mainnet Report 19/06 🏃 This week, core contributors have focused on security infrastructure, performance, and the final stages of Powfi contract review. We continue to work hard to get the bridge relaunched as soon as possible. As it stands, the internal review of the
- March to Mainnet 12/06 🏃 This week, our Core Contributors have been pushing Powfi closer toward mainnet, maintaining key Alephium infrastructure, and continuing Bridge audit and remediation work in parallel. We are working to relaunch an improved Bridge as soon as possible,
- Bridge Exploit Update Work on bridge remediation progresses. Over the past few days, the team has been focused on reviewing, testing, and hardening the updated bridge infrastructure. We are currently finalizing our internal review and preparing for an additional external
- Replying to @alephiumPowfi is getting a codebase upgrade introducing the B2B2C partner integration framework built on the ALPH Staking Layer, enabling integration partners to offer ALPH staking to their users and earn a commission through an on-chain referral system.A full technical breakdown of how the burn was executed was published walking through the technical process behind how the attacker's wALPH was burned, including the guardian coordination process.
- On Decentralization and immutability Governance actions and decentralization are often discussed as though they are incompatible concepts, when in reality, decentralization and immutability are distinct properties. A decentralized system can still change state when the relevant
- Bridge Update The unauthorized wrapped ALPH held in the attacker's wallet was burned yesterday. 500,000 unbacked wrapped ALPH had already been sold on Uniswap prior to the burn. Alephium will supply the native ALPH required to back these tokens. For users affected by the
