As we complete development work on Haven 2.0 and prepare for its launch, our growing community of xChads have asked many questions about the project’s next steps, using the protocol, and troubleshooting. Below is a collection of answers to the most frequently asked questions. These answers will be updated here as we move closer to launching Haven 2.0.
When will the Haven 2.0 fork occur?
The fork date will be announced once audits of the new mint and burn validation and codebase have been completed, testnet and stagenet have run successfully, and the team is ready to release the updated…
Dear Havenauts —
The release of Haven 2.0 will mark a significant revision of Haven’s core codebase and a critical step-change in the project. It will also include substantial security updates, as referenced in last month’s technical overview of the June 2021 exploits, in the form of a new mint and burn validation.
This release will also mark a major milestone for the project. With a significantly improved protocol, the delays of the June 2021 exploits will be behind us, and we’ll benefit from new processes and procedures with a focus on security and testing. …
Following the release of v1.4.1 last week, the majority of exchanges, pools, and other nodes are now running the latest version of Haven Protocol.
Some miners experienced an issue with the original fork (v1.4.0) which resulted in reports of rejected transactions. This issue was resolved by the latest version (v1.4.1). The chain is now functioning smoothly. XHV, xUSD, and xAssets can now be sent and received without any issues.
All exchanges have…
Today Haven Protocol successfully deployed a hard fork (version 1.4.0) to rollback the chain to block 886575. This is part one of a two-stage recovery plan to mitigate the June 2021 exploits and strengthen the protocol as we build the future of private money. Thank you to our dedicated community for guiding this process.
Beginning on June 22, 2021, malicious hackers attacked Haven Protocol, exploiting several related vulnerabilities. Following the attack, the protocol’s core team worked together with partners to conduct a wide-ranging review of the protocol and its processes. …
This document highlights the next steps regarding the upcoming hard forks for Haven Protocol. The team’s top priority is to open up exchange wallets and enable all transactions as soon as possible while completing thorough audits and external review of the updated codebase.
These updates are in response to the June 2021 exploits. For further details, please read our full report.
Rollback to block 886575
On July 8, 2021 the Haven Protocol community participated in a vote to decide on the best response to the June 2021 exploits. A decision was made by the community to roll back the chain…
Do not conduct any on-chain transactions until further notice (Exchange transactions should be unaffected).
Beginning on June 22, 2021, malicious hackers attacked Haven Protocol, exploiting several related vulnerabilities. Following an extensive investigation, we conducted a wide-ranging review of the protocol and processes to ensure as smooth as possible recovery from the exploit.
We proposed a chain rollback to remove most of the inflation caused by specific exploits, particularly those with an unknown amount.
Our investigation determined that the optimal rollback point is block 886575 (June 27, 2021 at 22:21:08 UTC). …
Starting from June 22, 2021, hackers attacked Haven Protocol, exploiting several related vulnerabilities. This report explains the impact of these exploits, how they were resolved, next steps for the project, and our key learnings.
As painful as this process has been, it has hardened the team and the protocol. There is no doubt that the project is now stronger because of it.
The attack took advantage of several vulnerabilities:
The fact these vulnerabilities were possible has highlighted weaknesses in…
Dear Havenauts –
We’d like to thank the entire community for your patience during this challenging period as we’ve worked to unpack, analyze, strategize and mitigate the effects of the multiple attacks on the Haven ecosystem over the past weeks.
We are proud that our community and developers were the first to unlock the potential of “colored coin” conversions on top of the Monero protocol, an achievement that had long been considered implausible. …
This month saw the launch of the next phase of xAssets to Haven’s mainnet. This was another very important step forward to increasing network utility. The addition of multiple fiat currencies increases global awareness and allows users and businesses to integrate the Haven WooCommerce Plugin (now live) and accept multiple currencies.
In addition, the first crypto pegged asset, xBTC, has been added giving anyone in the world the ability to have exposure to Bitcoin’s price movements from their own private Haven Vault with no counter-party risk or conversion slippage.
In addition to XHV, xUSD, xCNY, xEUR, xAU (Gold), xAG (Silver)…
Bitcoin’s volatility and price crash during April and May 2021 provided Haven’s team and community the first opportunity to analyze how Haven performed during a significant market correction.
The lessons learned for our team? Protocol performance has been nearly flawless, circulating supply of XHV is fluctuating as expected, and the tools put in place to prevent extreme supply swings are working.
As you may know from Haven’s white paper, the circulating supply of XHV is now dynamic, fluctuating based on the minting and burning of xUSD during different market cycles:
“XHV is a pure Proof-of-Work (PoW) coin with the…