Weekly Report #20 (2024–11–24)

This week, we completed the development of the VRF module for electing Validators for Nucleus. The module currently supports the sr25519 cryptographic algorithm, ensuring both security and efficiency. Through an API, the module returns the AccountId of the elected Validators, making the election process transparent and traceable.

We’ve also started the subnet-key scheme (Threshold Signature for Verisense nucleus) studying, which will support Threashold ECDSA for Bitcoin and Ethereum assets custody. In the meantime, we’ve also started a non-custodian BTC P2P trading app based on Verisense. Looking ahead to next week, we plan to start researching and implementing solutions related to Monadring Consensus.

We kicked off the progress of integration with Symbiotic and Karak, more information will be released in the following weeks.

We also started to help with the BitRealms’ migration to AVS. All’s going on.

By focusing on demand-side innovation and addressing the unique needs of AVS applications, Verisense Network is pioneering a more sustainable and effective restaking ecosystem. This approach not only ensures the long-term viability of restaking but also unlocks the full potential of pooled security, driving the next wave of blockchain innovation.

Follow us on Twitter at @veri_sense and stay tuned for more updates!