ARC-100 sets best practices for cross-chain operations

☄️The ARC-100 vote closed on June 24, with the measure passing with a vote of 484 in favor, 54 against, and 46 abstentions. This means that the Aleo network will implement the guidelines for bridges, validators, and ecosystem best practices. The adoption of ARC-100 is an important step for the future of the Aleo ecosystem and its efforts to create secure, transparent, and compliant cross-chain operations. The foundation aims to minimize the presence of bad actors while continuing to develop the capabilities of zero-knowledge technology. Recognizing that no system is flawless, this is just the beginning of the journey to creating a more secure ecosystem.

🔥What is ARC-100?

ARC-100 is a set of guidelines and practices aimed at preventing abuse of the Aleo network by bad actors. These rules apply to bridge protocols and validators operating on the network. ARC-100 addresses the handling of wallets associated with known bad actors, transaction limits, dynamic time locks, and geographic exposure restrictions. It also provides an approach to enforcing these guidelines, with an emphasis on validator vigilance.

⚡️The discussion and reasoning for passing ARC-100

The Aleo Foundation consulted with experts and the community to develop these guidelines to help build a resilient and compliant ecosystem. These guidelines are advisory in nature, and it is up to each ecosystem participant to decide how to implement them. Community discussions have raised concerns around upholding Web3 values ​​and the possible impact of US regulations such as OFAC. It is important that these guidelines are adapted as the regulatory environment changes.

‼️ARC-100: A Step Towards a More Transparent and Compliant Ecosystem for Aleo

ARC-100 represents an important step towards a more transparent and compliant ecosystem for the Aleo Network. The Foundation aims to be an active and informed participant in the network, developing a secure ecosystem that fosters positive use of the technology.

The development of ARC-100 was inspired by discussions with community members, experienced validator operators, and compliance organizations. These parties contributed significantly to the recommendations.

The community provided important feedback on how to use and grow the network, while validator operators shared their experiences with other networks. Permission system organizations helped develop approaches to governing participant behavior.

⚡️The Aleo Foundation aims to establish a framework that will be supported by the community and compliant, ensuring the successful development of the ecosystem in the future.