Liquid Network Advances Core Feature Restoration with Security Overhaul
New ecosystem updates from Liquid Network reveal significant progress toward restoring a vital function. The network has commenced an independent, external security audit targeting its core Elements software version 23.3.4, a move directly tied to the safe resumption of peg-out operations.
External Audit: An Added Layer of Verification
This audit is a targeted examination of the processes that will govern peg-out transactions once they are re-enabled. By bringing in third-party security specialists, the network aims to gain an objective, external assessment of potential vulnerabilities. This step provides crucial validation before reactivating a feature that involves substantial value transfer.
Coordinated Security Enhancements by the Federation
Parallel to the audit, the Liquid Federation is executing critical backend updates to strengthen the system's security posture. Current efforts are focused on two main areas:
- Updating the PAK List: Modifying and replacing existing entries to ensure precise and current permission controls.
- Securing Redemption Keys: Migrating all keys required for peg-out operations into secure cold storage. This is a fundamental security practice to isolate assets from online threats.
The network describes these actions as "important steps" toward a secure restoration, indicating a coordinated push to finalize preparations.
What's Next: Awiting the Final Steps
While a specific relaunch date has not been announced, the expectation for further updates "soon" suggests the audit and updates are nearing completion. The successful conclusion of these measures will pave the way for the full reinstatement of peg-outs, restoring complete asset fluidity to the Liquid Network sidechain.