Martin Köppelmann, co-founder of privacy-focused Gnosis (GNO), suggested three key changes to the community to reduce dependency on Ethereum (ETH) and improve security.
Martin Köppelmann, who was involved in a preliminary “discussion” initiated in the Gnosis community, citing security reasons He announced his proposal to leave the Ethereum (ETH) network. Among the solutions proposed by the co-founder are the ones in Gnosis. Reducing the GNO supply to 3 millionnew bridge GNO abolition of the right to print and Issuing new GNOs in case of withdrawal from the Ethereum blockchain The creation of a separate system contract for
In Köppelmann’s proposal, bridge risks a key factor over the bridge under the current protocol conditions. unlimited amount of GNOs can be printed and stated that this situation could be abused by the attackers.
Currently, the bridge has the right to issue unlimited GNO tokens on Gnosis. Of course, in Gnosis they can only mint GNO tokens if an equivalent amount is locked in Ethereum, but bridges are unfortunately still a potential source of hacks and bugs and therefore an element of risk.
Possible attack cases are on both the community and the project. can have devastating consequences Stating that, the founding partner underlined that similar examples had happened before. On the other hand, smart contracts on Ethereum 10 million GNO Noting the supply of these assets, Köppelmann burning of 7 million wanted:
7 million of the tokens on the Ethereum chain need to be burned. However, due to the current nature of the source code, this cannot be done by the smart contract. Changing the “truth source” for GNO to the Gnosis chain will give us the opportunity to implement DAO voting in code.