The purpose of this post is to gauge interest in using the community pool to fund the development of On-Chain-Analysis (OCA) tools for IBC chains.
-There have been multiple instances recently where the people involved in IBC chains have wanted to track the flow of transactions, whether it be rug-pull NFTs, malicious contracts or other unusual transactions.
-On Bitcoin and Eth there are many OCA tools that can be used to investigate transaction chains, connected wallets etc.
-The only app I could find which provides good functionality, as well as providing a free service, is Breadcrumbs (https://www.breadcrumbs.app/ , Breadcrumbs App – Medium)
-Governments, some developers, and anyone with a lot of money already have this capability
-In effect, having an investigative tooling available cross-IBC and free to use would level the playing field.
What’s been done so far:
-The idea has been paneled with a few validators to gauge interest. The response has been overwhelmingly positive.
-I’ve engaged with breadcrumbs.app dev team, and have been given the following rough guidance:
- Cost for Ronin integration is [XXX] a month incl hosting (ie dedicated servers for storing chain data and doing the processing)
- Dev time is 2 months
-The community spend would be for 1 year’s service ([XXX] max)
-The possibility of saving money, or developing a symbiotic relationship exists through using Akash for hosting
-Other IBC chains may want to chip in as it’s effects would be for all of IBC
- If the community here is in favour, I will continue to engage with the Breadcrumb Dev Team and put them in touch with any Devs who want to help (There will be lots of questions I can’t answer).
- If the community here disagrees, I will discontinue this idea.
In summary, I believe paying to make investigative tooling available for all is in line with the Cosmos Hub’s ethos of transparency and security.
I am in no way affiliated with Breadcrumb and have no financial gain from this proposal
*Prices censored at request of breadcrumbs