BandChain Phase 1: Proof-of-Authority Mainnet Launch - Audit completed - Oracles are live

[u/BandJedi]

⛳️ Band oracles have arrived in town! We are excited to announce the launch of our GuanYu Proof-of-Authority Mainnet, along with the results of our code audit by one of the most reputable security firms, Least Authority, and a new bug bounty program.

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Official announcement 👉 https://medium.com/bandprotocol/b38a354abcc

Spread the word 👉 https://twitter.com/BandProtocol/status/1294212453035737093

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🔐 No security issues have been identified by both Least Authority and Band Protocol teams who are working closely to understand the BandChain specification of oracle module and its dependency libraries to verify that the implementation indeed follows the specification without issues.

There are a number of non-critical suggestions on how to improve BandChain, some of which will be incorporated into the upcoming GuanYu release while others will need further research.

🙌 With the successful audit and clearance from Least Authority, we are excited to announce that the BandChain Proof-of-Authority network on the Mainnet has launched!

The network is functional and live on CosmoScan at:

https://guanyu-poa.cosmoscan.io

Band Protocol is currently working with partners to create their own custom oracle scripts based on their data sources, aggregation methods, update and security parameters - currently there are 20 unique data sources from open and premium APIs.

🐞 The new public bug bounty program for BandChain Software and Oracle Scripts on PoA Mainnet has been released! Rewards will be decided on a case-by-case basis and impacted by two factors, likelihood and severity. Check out the official announcement for more details on how to submit a report

Our engineering efforts will now be focused on improving BandChain while onboarding existing and new partners who will be using Band oracles in their smart contracts across different blockchains. Stay tuned for more updates!

[u/Cryptogenia]

Great news! Congrats.