• Koppelmann identifies dangers within the present GNO-Ethereum construction.
• The co-founder proposed an answer to alter the GNO “supply of reality” to the Gnosis chain.
• The brand new proposal will enable the neighborhood to implement the DAO vote within the code.

Gnosis co-founder Martin Koppelmann has prompt a change within the blockchain’s protocol to make it extra unbiased and improve the safety of GNO, the venture’s native token.

Throughout a dialogue on the Gnosis governance discussion board, Koppelmann Recognized a safety threat concerned within the present construction of the protocol. The recognized threat includes GNO tokens from a bridge contract used to characterize claims between GNO and Ethereum.

Despite the fact that GNO was initially minted on Ethereum, Koppelmann thinks the present construction might depart holes that would grow to be potential safety points, as surprising occasions might result in a distinction between the 2 token classes.

Based on Koppelmann, relying on bridges to mint limitless GNO tokens is dangerous, contemplating that they’re nonetheless a possible course of hacks and bugs. He was particular to the risks it posed for GNO because of the extent of its relevance to the consensus of the Gnosis chain.

Gnosis is a privacy-focused side-chain on Ethereum with the native utility token GNO. Koppelmann famous that whereas GNO was initially minted on Ethereum, the tokens originate from a bridge contract, therefore his issues.

Bridges are instruments used to switch tokens throughout blockchain networks. They’re comparatively new to the blockchain trade and have confronted a number of challenges of their early life. Per a number of stories, over $2 billion was misplaced or stolen from cross-bridges in 2022, as they claimed an unfavorable status as a safety weak point for the crypto trade.

Koppelmann targeted on the ten million GNO tokens provide on Ethereum, suggesting that 7 million of them needs to be burned. He famous that that is at present unachievable because the code can’t be enforced or carried out routinely via a wise contract by assembly predetermined circumstances.

He proposed an answer to alter the GNO “supply of reality” to the Gnosis chain. Based on him, it will enable the neighborhood to implement the DAO vote within the code.

A part of Koppelmann’s proposed resolution contains elevating the GNO provide on Gnosis to three million. He additionally prompt withdrawing the fitting from the bridge to mint new tokens and making a separate new GNO-minting contract for withdrawals occurring from the Ethereum blockchain.