WEBVTT
Kind: captions
Language: en

00:00:00.000 --> 00:00:04.350 align:start position:0%
 
foreign

00:00:04.350 --> 00:00:04.360 align:start position:0%
 
 

00:00:04.360 --> 00:00:21.310 align:start position:0%
 
[Music]

00:00:21.310 --> 00:00:21.320 align:start position:0%
 
 

00:00:21.320 --> 00:00:22.929 align:start position:0%
 
obviously

00:00:22.929 --> 00:00:22.939 align:start position:0%
obviously
 

00:00:22.939 --> 00:00:26.890 align:start position:0%
obviously
and<00:00:24.140><c> I'm</c><00:00:25.140><c> gonna</c><00:00:25.260><c> talk</c><00:00:25.619><c> a</c><00:00:26.279><c> little</c><00:00:26.460><c> bit</c><00:00:26.580><c> about</c>

00:00:26.890 --> 00:00:26.900 align:start position:0%
and I'm gonna talk a little bit about
 

00:00:26.900 --> 00:00:30.349 align:start position:0%
and I'm gonna talk a little bit about
bridges<00:00:27.980><c> you</c><00:00:28.980><c> might</c><00:00:29.160><c> have</c><00:00:29.400><c> heard</c><00:00:29.760><c> a</c><00:00:30.119><c> lot</c><00:00:30.180><c> of</c>

00:00:30.349 --> 00:00:30.359 align:start position:0%
bridges you might have heard a lot of
 

00:00:30.359 --> 00:00:33.049 align:start position:0%
bridges you might have heard a lot of
talks<00:00:30.660><c> about</c><00:00:30.840><c> bridges</c><00:00:31.439><c> this</c><00:00:32.040><c> one</c><00:00:32.220><c> might</c><00:00:32.880><c> be</c>

00:00:33.049 --> 00:00:33.059 align:start position:0%
talks about bridges this one might be
 

00:00:33.059 --> 00:00:37.850 align:start position:0%
talks about bridges this one might be
slightly<00:00:33.600><c> different</c><00:00:33.840><c> because</c>

00:00:37.850 --> 00:00:37.860 align:start position:0%
 
 

00:00:37.860 --> 00:00:39.470 align:start position:0%
 
the<00:00:38.460><c> subject</c><00:00:38.700><c> of</c><00:00:38.820><c> the</c><00:00:38.940><c> talk</c><00:00:39.059><c> is</c><00:00:39.300><c> actually</c>

00:00:39.470 --> 00:00:39.480 align:start position:0%
the subject of the talk is actually
 

00:00:39.480 --> 00:00:41.389 align:start position:0%
the subject of the talk is actually
quite<00:00:39.660><c> serious</c><00:00:40.020><c> I</c><00:00:40.260><c> mean</c><00:00:40.379><c> we</c><00:00:40.559><c> had</c><00:00:40.800><c> a</c><00:00:41.040><c> lot</c><00:00:41.219><c> of</c>

00:00:41.389 --> 00:00:41.399 align:start position:0%
quite serious I mean we had a lot of
 

00:00:41.399 --> 00:00:45.170 align:start position:0%
quite serious I mean we had a lot of
problems<00:00:41.879><c> with</c><00:00:42.180><c> Bridges</c><00:00:42.600><c> recently</c><00:00:43.079><c> so</c>

00:00:45.170 --> 00:00:45.180 align:start position:0%
problems with Bridges recently so
 

00:00:45.180 --> 00:00:48.049 align:start position:0%
problems with Bridges recently so
um<00:00:45.239><c> before</c><00:00:45.840><c> I</c><00:00:46.140><c> actually</c><00:00:46.260><c> go</c><00:00:46.559><c> into</c><00:00:46.800><c> the</c>

00:00:48.049 --> 00:00:48.059 align:start position:0%
um before I actually go into the
 

00:00:48.059 --> 00:00:48.770 align:start position:0%
um before I actually go into the
um

00:00:48.770 --> 00:00:48.780 align:start position:0%
um
 

00:00:48.780 --> 00:00:50.810 align:start position:0%
um
the<00:00:49.140><c> Crux</c><00:00:49.440><c> of</c><00:00:49.559><c> the</c><00:00:49.739><c> matter</c><00:00:49.860><c> let's</c><00:00:50.219><c> let's</c><00:00:50.579><c> just</c>

00:00:50.810 --> 00:00:50.820 align:start position:0%
the Crux of the matter let's let's just
 

00:00:50.820 --> 00:00:53.170 align:start position:0%
the Crux of the matter let's let's just
go<00:00:51.120><c> back</c><00:00:51.300><c> uh</c>

00:00:53.170 --> 00:00:53.180 align:start position:0%
go back uh
 

00:00:53.180 --> 00:00:56.569 align:start position:0%
go back uh
and<00:00:54.180><c> look</c><00:00:54.360><c> at</c><00:00:54.480><c> a</c><00:00:54.600><c> bit</c><00:00:54.719><c> of</c><00:00:54.899><c> a</c><00:00:55.020><c> history</c><00:00:55.219><c> so</c><00:00:56.219><c> how</c>

00:00:56.569 --> 00:00:56.579 align:start position:0%
and look at a bit of a history so how
 

00:00:56.579 --> 00:00:59.630 align:start position:0%
and look at a bit of a history so how
come<00:00:56.760><c> I'm</c><00:00:56.940><c> here</c><00:00:57.620><c> two</c><00:00:58.620><c> years</c><00:00:58.800><c> ago</c><00:00:59.100><c> more</c><00:00:59.399><c> or</c><00:00:59.520><c> less</c>

00:00:59.630 --> 00:00:59.640 align:start position:0%
come I'm here two years ago more or less
 

00:00:59.640 --> 00:01:02.450 align:start position:0%
come I'm here two years ago more or less
we<00:00:59.879><c> started</c><00:01:00.180><c> to</c><00:01:00.300><c> work</c><00:01:00.480><c> at</c><00:01:00.719><c> the</c><00:01:01.020><c> uh</c>

00:01:02.450 --> 00:01:02.460 align:start position:0%
we started to work at the uh
 

00:01:02.460 --> 00:01:04.609 align:start position:0%
we started to work at the uh
multi-train<00:01:03.239><c> strategy</c><00:01:03.719><c> for</c><00:01:03.899><c> the</c><00:01:04.019><c> maker</c><00:01:04.320><c> Dao</c>

00:01:04.609 --> 00:01:04.619 align:start position:0%
multi-train strategy for the maker Dao
 

00:01:04.619 --> 00:01:07.070 align:start position:0%
multi-train strategy for the maker Dao
and<00:01:05.159><c> we</c><00:01:05.280><c> ask</c><00:01:05.400><c> ourselves</c><00:01:05.820><c> a</c><00:01:06.000><c> question</c><00:01:06.240><c> how</c><00:01:06.960><c> do</c>

00:01:07.070 --> 00:01:07.080 align:start position:0%
and we ask ourselves a question how do
 

00:01:07.080 --> 00:01:09.289 align:start position:0%
and we ask ourselves a question how do
we<00:01:07.200><c> actually</c><00:01:07.380><c> move</c><00:01:07.860><c> the</c><00:01:08.159><c> eye</c><00:01:08.400><c> to</c><00:01:09.119><c> different</c>

00:01:09.289 --> 00:01:09.299 align:start position:0%
we actually move the eye to different
 

00:01:09.299 --> 00:01:11.990 align:start position:0%
we actually move the eye to different
chains<00:01:10.260><c> so</c><00:01:11.400><c> um</c>

00:01:11.990 --> 00:01:12.000 align:start position:0%
chains so um
 

00:01:12.000 --> 00:01:13.789 align:start position:0%
chains so um
it<00:01:12.540><c> was</c><00:01:12.659><c> actually</c><00:01:12.840><c> quite</c>

00:01:13.789 --> 00:01:13.799 align:start position:0%
it was actually quite
 

00:01:13.799 --> 00:01:16.010 align:start position:0%
it was actually quite
quite<00:01:14.340><c> hard</c><00:01:14.580><c> and</c>

00:01:16.010 --> 00:01:16.020 align:start position:0%
quite hard and
 

00:01:16.020 --> 00:01:17.929 align:start position:0%
quite hard and
and<00:01:16.439><c> for</c><00:01:16.799><c> us</c>

00:01:17.929 --> 00:01:17.939 align:start position:0%
and for us
 

00:01:17.939 --> 00:01:20.390 align:start position:0%
and for us
let<00:01:18.540><c> me</c><00:01:18.659><c> go</c><00:01:18.840><c> back</c><00:01:18.960><c> so</c><00:01:19.560><c> two</c><00:01:19.799><c> years</c><00:01:19.920><c> ago</c><00:01:20.220><c> we</c>

00:01:20.390 --> 00:01:20.400 align:start position:0%
let me go back so two years ago we
 

00:01:20.400 --> 00:01:21.649 align:start position:0%
let me go back so two years ago we
started<00:01:20.700><c> to</c><00:01:20.820><c> work</c><00:01:20.939><c> on</c><00:01:21.119><c> the</c><00:01:21.240><c> multi-train</c>

00:01:21.649 --> 00:01:21.659 align:start position:0%
started to work on the multi-train
 

00:01:21.659 --> 00:01:25.249 align:start position:0%
started to work on the multi-train
strategy<00:01:22.400><c> and</c><00:01:23.400><c> we</c><00:01:24.060><c> had</c><00:01:24.180><c> to</c><00:01:24.299><c> look</c><00:01:24.420><c> at</c><00:01:24.659><c> all</c><00:01:25.140><c> the</c>

00:01:25.249 --> 00:01:25.259 align:start position:0%
strategy and we had to look at all the
 

00:01:25.259 --> 00:01:27.530 align:start position:0%
strategy and we had to look at all the
other<00:01:25.380><c> chains</c><00:01:25.860><c> and</c><00:01:26.340><c> we</c><00:01:26.460><c> had</c><00:01:26.640><c> to</c><00:01:26.759><c> find</c><00:01:27.000><c> out</c><00:01:27.180><c> how</c>

00:01:27.530 --> 00:01:27.540 align:start position:0%
other chains and we had to find out how
 

00:01:27.540 --> 00:01:29.390 align:start position:0%
other chains and we had to find out how
secure<00:01:27.900><c> they</c><00:01:28.140><c> are</c><00:01:28.320><c> to</c><00:01:28.680><c> actually</c><00:01:28.920><c> be</c><00:01:29.100><c> able</c><00:01:29.220><c> to</c>

00:01:29.390 --> 00:01:29.400 align:start position:0%
secure they are to actually be able to
 

00:01:29.400 --> 00:01:34.370 align:start position:0%
secure they are to actually be able to
move<00:01:29.520><c> die</c><00:01:30.200><c> in</c><00:01:31.200><c> a</c><00:01:31.380><c> very</c><00:01:31.619><c> secure</c><00:01:32.040><c> Manner</c><00:01:32.759><c> and</c>

00:01:34.370 --> 00:01:34.380 align:start position:0%
move die in a very secure Manner and
 

00:01:34.380 --> 00:01:38.149 align:start position:0%
move die in a very secure Manner and
to<00:01:34.979><c> do</c><00:01:35.159><c> that</c><00:01:35.340><c> to</c><00:01:35.579><c> look</c><00:01:35.880><c> at</c><00:01:36.000><c> the</c><00:01:36.619><c> security</c><00:01:37.619><c> of</c>

00:01:38.149 --> 00:01:38.159 align:start position:0%
to do that to look at the security of
 

00:01:38.159 --> 00:01:40.929 align:start position:0%
to do that to look at the security of
all<00:01:38.280><c> the</c><00:01:38.460><c> other</c><00:01:38.579><c> chains</c><00:01:39.079><c> so</c>

00:01:40.929 --> 00:01:40.939 align:start position:0%
all the other chains so
 

00:01:40.939 --> 00:01:44.569 align:start position:0%
all the other chains so
basically<00:01:41.939><c> I</c><00:01:42.659><c> created</c><00:01:42.960><c> the</c><00:01:43.140><c> spreadsheet</c><00:01:43.740><c> and</c>

00:01:44.569 --> 00:01:44.579 align:start position:0%
basically I created the spreadsheet and
 

00:01:44.579 --> 00:01:46.450 align:start position:0%
basically I created the spreadsheet and
I<00:01:44.759><c> posted</c><00:01:45.119><c> the</c><00:01:45.240><c> spreadsheet</c><00:01:45.720><c> on</c><00:01:45.840><c> the</c><00:01:45.960><c> Forum</c>

00:01:46.450 --> 00:01:46.460 align:start position:0%
I posted the spreadsheet on the Forum
 

00:01:46.460 --> 00:01:50.389 align:start position:0%
I posted the spreadsheet on the Forum
and<00:01:47.600><c> frankly</c><00:01:48.600><c> after</c><00:01:49.140><c> a</c><00:01:49.380><c> while</c><00:01:49.500><c> not</c><00:01:50.100><c> a</c><00:01:50.220><c> lot</c><00:01:50.340><c> of</c>

00:01:50.389 --> 00:01:50.399 align:start position:0%
and frankly after a while not a lot of
 

00:01:50.399 --> 00:01:53.410 align:start position:0%
and frankly after a while not a lot of
people<00:01:50.720><c> looked</c><00:01:51.720><c> at</c><00:01:51.780><c> the</c><00:01:51.960><c> data</c><00:01:52.320><c> and</c><00:01:52.500><c> looked</c><00:01:52.920><c> at</c>

00:01:53.410 --> 00:01:53.420 align:start position:0%
people looked at the data and looked at
 

00:01:53.420 --> 00:01:56.389 align:start position:0%
people looked at the data and looked at
what<00:01:54.420><c> we</c><00:01:54.600><c> had</c><00:01:54.960><c> to</c><00:01:55.140><c> say</c><00:01:55.380><c> so</c>

00:01:56.389 --> 00:01:56.399 align:start position:0%
what we had to say so
 

00:01:56.399 --> 00:01:58.370 align:start position:0%
what we had to say so
so<00:01:56.939><c> I</c><00:01:57.060><c> figured</c><00:01:57.420><c> that</c><00:01:57.600><c> we</c><00:01:57.840><c> need</c><00:01:57.960><c> to</c><00:01:58.020><c> make</c><00:01:58.200><c> this</c>

00:01:58.370 --> 00:01:58.380 align:start position:0%
so I figured that we need to make this
 

00:01:58.380 --> 00:02:00.530 align:start position:0%
so I figured that we need to make this
information<00:01:58.640><c> more</c><00:01:59.640><c> broadly</c><00:01:59.939><c> available</c><00:02:00.119><c> to</c>

00:02:00.530 --> 00:02:00.540 align:start position:0%
information more broadly available to
 

00:02:00.540 --> 00:02:03.910 align:start position:0%
information more broadly available to
the<00:02:00.659><c> broader</c><00:02:01.020><c> audience</c><00:02:01.460><c> and</c><00:02:02.460><c> we</c>

00:02:03.910 --> 00:02:03.920 align:start position:0%
the broader audience and we
 

00:02:03.920 --> 00:02:07.370 align:start position:0%
the broader audience and we
basically<00:02:05.000><c> created</c><00:02:06.000><c> a</c><00:02:06.240><c> website</c><00:02:06.540><c> called</c><00:02:07.020><c> L2</c>

00:02:07.370 --> 00:02:07.380 align:start position:0%
basically created a website called L2
 

00:02:07.380 --> 00:02:09.889 align:start position:0%
basically created a website called L2
beats<00:02:07.860><c> and</c><00:02:08.399><c> the</c><00:02:08.520><c> reason</c><00:02:08.700><c> for</c><00:02:09.420><c> us</c><00:02:09.599><c> to</c><00:02:09.780><c> actually</c>

00:02:09.889 --> 00:02:09.899 align:start position:0%
beats and the reason for us to actually
 

00:02:09.899 --> 00:02:12.650 align:start position:0%
beats and the reason for us to actually
do<00:02:10.200><c> that</c><00:02:10.380><c> was</c><00:02:10.979><c> to</c><00:02:11.160><c> make</c><00:02:11.340><c> people</c><00:02:11.520><c> aware</c><00:02:12.060><c> that</c>

00:02:12.650 --> 00:02:12.660 align:start position:0%
do that was to make people aware that
 

00:02:12.660 --> 00:02:15.110 align:start position:0%
do that was to make people aware that
security<00:02:13.500><c> of</c><00:02:13.920><c> the</c><00:02:14.099><c> eye</c><00:02:14.340><c> on</c><00:02:14.640><c> all</c><00:02:14.879><c> the</c><00:02:15.000><c> other</c>

00:02:15.110 --> 00:02:15.120 align:start position:0%
security of the eye on all the other
 

00:02:15.120 --> 00:02:18.770 align:start position:0%
security of the eye on all the other
chains<00:02:15.680><c> is</c><00:02:16.680><c> very</c><00:02:16.980><c> very</c><00:02:17.220><c> different</c><00:02:17.819><c> if</c><00:02:18.599><c> you</c>

00:02:18.770 --> 00:02:18.780 align:start position:0%
chains is very very different if you
 

00:02:18.780 --> 00:02:21.110 align:start position:0%
chains is very very different if you
hold<00:02:18.959><c> the</c><00:02:19.140><c> I</c><00:02:19.379><c> on</c><00:02:19.620><c> let's</c><00:02:19.739><c> say</c><00:02:19.860><c> polygon</c><00:02:20.520><c> if</c><00:02:20.940><c> you</c>

00:02:21.110 --> 00:02:21.120 align:start position:0%
hold the I on let's say polygon if you
 

00:02:21.120 --> 00:02:23.809 align:start position:0%
hold the I on let's say polygon if you
hold<00:02:21.239><c> die</c><00:02:21.599><c> on</c><00:02:21.840><c> Phantom</c><00:02:22.260><c> you'll</c><00:02:23.220><c> be</c><00:02:23.340><c> looking</c><00:02:23.520><c> at</c>

00:02:23.809 --> 00:02:23.819 align:start position:0%
hold die on Phantom you'll be looking at
 

00:02:23.819 --> 00:02:26.030 align:start position:0%
hold die on Phantom you'll be looking at
a<00:02:24.000><c> very</c><00:02:24.120><c> very</c><00:02:24.300><c> different</c><00:02:24.599><c> die</c><00:02:25.020><c> and</c><00:02:25.920><c> the</c>

00:02:26.030 --> 00:02:26.040 align:start position:0%
a very very different die and the
 

00:02:26.040 --> 00:02:28.010 align:start position:0%
a very very different die and the
security<00:02:26.280><c> properties</c><00:02:26.879><c> of</c><00:02:27.180><c> the</c><00:02:27.360><c> die</c><00:02:27.540><c> will</c><00:02:27.900><c> be</c>

00:02:28.010 --> 00:02:28.020 align:start position:0%
security properties of the die will be
 

00:02:28.020 --> 00:02:29.110 align:start position:0%
security properties of the die will be
very<00:02:28.260><c> different</c>

00:02:29.110 --> 00:02:29.120 align:start position:0%
very different
 

00:02:29.120 --> 00:02:31.390 align:start position:0%
very different
for<00:02:30.120><c> make</c><00:02:30.300><c> it</c><00:02:30.540><c> out</c>

00:02:31.390 --> 00:02:31.400 align:start position:0%
for make it out
 

00:02:31.400 --> 00:02:35.030 align:start position:0%
for make it out
it<00:02:32.400><c> is</c><00:02:32.520><c> of</c><00:02:32.760><c> the</c><00:02:32.879><c> utmost</c><00:02:33.239><c> importance</c><00:02:33.959><c> the</c><00:02:34.739><c> Dai</c>

00:02:35.030 --> 00:02:35.040 align:start position:0%
it is of the utmost importance the Dai
 

00:02:35.040 --> 00:02:38.210 align:start position:0%
it is of the utmost importance the Dai
is<00:02:35.160><c> censorship</c><00:02:35.640><c> resistance</c><00:02:36.319><c> and</c><00:02:37.319><c> if</c><00:02:37.980><c> you</c><00:02:38.040><c> hold</c>

00:02:38.210 --> 00:02:38.220 align:start position:0%
is censorship resistance and if you hold
 

00:02:38.220 --> 00:02:40.190 align:start position:0%
is censorship resistance and if you hold
the<00:02:38.400><c> eye</c><00:02:38.520><c> on</c><00:02:38.700><c> all</c><00:02:38.940><c> these</c><00:02:39.239><c> other</c><00:02:39.360><c> chains</c><00:02:39.840><c> you</c>

00:02:40.190 --> 00:02:40.200 align:start position:0%
the eye on all these other chains you
 

00:02:40.200 --> 00:02:42.229 align:start position:0%
the eye on all these other chains you
should<00:02:40.379><c> really</c><00:02:40.500><c> ask</c><00:02:40.739><c> yourself</c><00:02:40.920><c> a</c><00:02:41.280><c> question</c><00:02:41.459><c> is</c>

00:02:42.229 --> 00:02:42.239 align:start position:0%
should really ask yourself a question is
 

00:02:42.239 --> 00:02:44.990 align:start position:0%
should really ask yourself a question is
this<00:02:42.420><c> really</c><00:02:42.599><c> a</c><00:02:42.900><c> die</c><00:02:43.140><c> that</c><00:02:43.739><c> you</c><00:02:44.700><c> hold</c><00:02:44.819><c> on</c>

00:02:44.990 --> 00:02:45.000 align:start position:0%
this really a die that you hold on
 

00:02:45.000 --> 00:02:46.610 align:start position:0%
this really a die that you hold on
ethereum<00:02:45.540><c> does</c><00:02:46.019><c> it</c><00:02:46.140><c> have</c><00:02:46.260><c> the</c><00:02:46.500><c> same</c>

00:02:46.610 --> 00:02:46.620 align:start position:0%
ethereum does it have the same
 

00:02:46.620 --> 00:02:49.070 align:start position:0%
ethereum does it have the same
Properties<00:02:47.099><c> or</c><00:02:47.640><c> is</c><00:02:48.480><c> it</c><00:02:48.599><c> actually</c><00:02:48.720><c> different</c>

00:02:49.070 --> 00:02:49.080 align:start position:0%
Properties or is it actually different
 

00:02:49.080 --> 00:02:52.430 align:start position:0%
Properties or is it actually different
right<00:02:49.879><c> and</c><00:02:50.879><c> can</c><00:02:51.540><c> you</c><00:02:51.720><c> make</c><00:02:51.900><c> all</c><00:02:52.200><c> these</c>

00:02:52.430 --> 00:02:52.440 align:start position:0%
right and can you make all these
 

00:02:52.440 --> 00:02:55.970 align:start position:0%
right and can you make all these
different<00:02:52.680><c> dyes</c><00:02:53.280><c> fungible</c><00:02:53.720><c> and</c><00:02:54.720><c> what</c><00:02:55.080><c> is</c><00:02:55.260><c> what</c>

00:02:55.970 --> 00:02:55.980 align:start position:0%
different dyes fungible and what is what
 

00:02:55.980 --> 00:02:57.589 align:start position:0%
different dyes fungible and what is what
is<00:02:56.040><c> it</c><00:02:56.160><c> really</c><00:02:56.340><c> needed</c><00:02:57.000><c> to</c><00:02:57.239><c> be</c><00:02:57.360><c> able</c><00:02:57.480><c> to</c>

00:02:57.589 --> 00:02:57.599 align:start position:0%
is it really needed to be able to
 

00:02:57.599 --> 00:03:00.110 align:start position:0%
is it really needed to be able to
maintain<00:02:57.959><c> all</c><00:02:58.379><c> these</c><00:02:58.620><c> other</c><00:02:58.800><c> chains</c><00:02:59.280><c> so</c><00:02:59.819><c> these</c>

00:03:00.110 --> 00:03:00.120 align:start position:0%
maintain all these other chains so these
 

00:03:00.120 --> 00:03:01.850 align:start position:0%
maintain all these other chains so these
are<00:03:00.239><c> actually</c><00:03:00.540><c> quite</c><00:03:00.780><c> hard</c><00:03:00.959><c> questions</c><00:03:01.319><c> and</c>

00:03:01.850 --> 00:03:01.860 align:start position:0%
are actually quite hard questions and
 

00:03:01.860 --> 00:03:05.089 align:start position:0%
are actually quite hard questions and
that's<00:03:02.040><c> why</c><00:03:02.340><c> it</c><00:03:02.760><c> took</c><00:03:03.000><c> us</c><00:03:03.180><c> so</c><00:03:03.660><c> long</c><00:03:03.840><c> to</c><00:03:04.379><c> get</c><00:03:04.739><c> all</c>

00:03:05.089 --> 00:03:05.099 align:start position:0%
that's why it took us so long to get all
 

00:03:05.099 --> 00:03:09.170 align:start position:0%
that's why it took us so long to get all
of<00:03:05.220><c> us</c><00:03:05.340><c> to</c><00:03:05.580><c> where</c><00:03:05.760><c> we</c><00:03:05.940><c> are</c><00:03:06.060><c> here</c><00:03:06.420><c> and</c>

00:03:09.170 --> 00:03:09.180 align:start position:0%
of us to where we are here and
 

00:03:09.180 --> 00:03:09.890 align:start position:0%
of us to where we are here and
um

00:03:09.890 --> 00:03:09.900 align:start position:0%
um
 

00:03:09.900 --> 00:03:11.630 align:start position:0%
um
once<00:03:10.379><c> we</c><00:03:10.500><c> looked</c><00:03:10.680><c> at</c><00:03:10.739><c> all</c><00:03:10.920><c> the</c><00:03:11.099><c> other</c><00:03:11.220><c> chains</c>

00:03:11.630 --> 00:03:11.640 align:start position:0%
once we looked at all the other chains
 

00:03:11.640 --> 00:03:13.190 align:start position:0%
once we looked at all the other chains
we<00:03:11.819><c> want</c><00:03:11.879><c> to</c><00:03:12.000><c> publish</c><00:03:12.300><c> all</c><00:03:12.480><c> the</c><00:03:12.659><c> results</c><00:03:12.900><c> and</c>

00:03:13.190 --> 00:03:13.200 align:start position:0%
we want to publish all the results and
 

00:03:13.200 --> 00:03:16.430 align:start position:0%
we want to publish all the results and
this<00:03:13.440><c> is</c><00:03:13.500><c> how</c><00:03:13.680><c> l2b</c><00:03:14.280><c> was</c><00:03:14.580><c> born</c><00:03:14.900><c> ldp</c><00:03:15.900><c> it</c><00:03:16.080><c> was</c>

00:03:16.430 --> 00:03:16.440 align:start position:0%
this is how l2b was born ldp it was
 

00:03:16.440 --> 00:03:18.830 align:start position:0%
this is how l2b was born ldp it was
essentially<00:03:17.280><c> initially</c><00:03:17.700><c> created</c><00:03:18.120><c> as</c><00:03:18.720><c> a</c>

00:03:18.830 --> 00:03:18.840 align:start position:0%
essentially initially created as a
 

00:03:18.840 --> 00:03:21.470 align:start position:0%
essentially initially created as a
website<00:03:19.140><c> to</c><00:03:19.440><c> disclose</c><00:03:20.099><c> all</c><00:03:20.760><c> the</c><00:03:20.879><c> risks</c><00:03:21.239><c> for</c>

00:03:21.470 --> 00:03:21.480 align:start position:0%
website to disclose all the risks for
 

00:03:21.480 --> 00:03:26.149 align:start position:0%
website to disclose all the risks for
all<00:03:21.720><c> the</c><00:03:21.840><c> different</c><00:03:22.019><c> chains</c><00:03:22.620><c> and</c>

00:03:26.149 --> 00:03:26.159 align:start position:0%
 
 

00:03:26.159 --> 00:03:28.790 align:start position:0%
 
it<00:03:26.819><c> took</c><00:03:27.120><c> us</c><00:03:27.239><c> really</c><00:03:27.599><c> by</c><00:03:27.959><c> surprise</c><00:03:28.379><c> how</c>

00:03:28.790 --> 00:03:28.800 align:start position:0%
it took us really by surprise how
 

00:03:28.800 --> 00:03:30.550 align:start position:0%
it took us really by surprise how
important<00:03:29.159><c> this</c>

00:03:30.550 --> 00:03:30.560 align:start position:0%
important this
 

00:03:30.560 --> 00:03:33.470 align:start position:0%
important this
thing<00:03:31.560><c> was</c><00:03:31.920><c> everyone</c><00:03:32.400><c> was</c><00:03:32.819><c> like</c><00:03:33.120><c> really</c>

00:03:33.470 --> 00:03:33.480 align:start position:0%
thing was everyone was like really
 

00:03:33.480 --> 00:03:37.070 align:start position:0%
thing was everyone was like really
looking<00:03:34.159><c> at</c><00:03:35.159><c> at</c><00:03:35.340><c> the</c><00:03:36.120><c> risks</c><00:03:36.480><c> and</c><00:03:36.840><c> the</c><00:03:36.959><c> value</c>

00:03:37.070 --> 00:03:37.080 align:start position:0%
looking at at the risks and the value
 

00:03:37.080 --> 00:03:40.610 align:start position:0%
looking at at the risks and the value
locked<00:03:37.620><c> and</c><00:03:38.540><c> at</c><00:03:39.540><c> all</c><00:03:39.780><c> the</c><00:03:39.900><c> information</c><00:03:40.080><c> that</c>

00:03:40.610 --> 00:03:40.620 align:start position:0%
locked and at all the information that
 

00:03:40.620 --> 00:03:42.070 align:start position:0%
locked and at all the information that
we<00:03:40.860><c> actually</c>

00:03:42.070 --> 00:03:42.080 align:start position:0%
we actually
 

00:03:42.080 --> 00:03:46.910 align:start position:0%
we actually
uncovered<00:03:43.080><c> in</c><00:03:43.200><c> a</c><00:03:43.319><c> way</c>

00:03:46.910 --> 00:03:46.920 align:start position:0%
 
 

00:03:46.920 --> 00:03:49.490 align:start position:0%
 
so<00:03:47.700><c> let's</c><00:03:48.060><c> have</c><00:03:48.299><c> a</c><00:03:48.480><c> very</c><00:03:48.720><c> quick</c><00:03:48.900><c> look</c><00:03:49.140><c> at</c><00:03:49.379><c> the</c>

00:03:49.490 --> 00:03:49.500 align:start position:0%
so let's have a very quick look at the
 

00:03:49.500 --> 00:03:51.470 align:start position:0%
so let's have a very quick look at the
state<00:03:49.620><c> of</c><00:03:49.799><c> the</c><00:03:49.980><c> bridges</c><00:03:50.340><c> and</c><00:03:50.879><c> where</c><00:03:51.120><c> we</c><00:03:51.299><c> are</c>

00:03:51.470 --> 00:03:51.480 align:start position:0%
state of the bridges and where we are
 

00:03:51.480 --> 00:03:52.910 align:start position:0%
state of the bridges and where we are
today

00:03:52.910 --> 00:03:52.920 align:start position:0%
today
 

00:03:52.920 --> 00:03:55.610 align:start position:0%
today
so<00:03:53.400><c> essentially</c><00:03:53.760><c> uh</c><00:03:54.480><c> when</c><00:03:54.659><c> we</c><00:03:54.780><c> look</c><00:03:54.959><c> back</c><00:03:55.140><c> at</c>

00:03:55.610 --> 00:03:55.620 align:start position:0%
so essentially uh when we look back at
 

00:03:55.620 --> 00:03:58.089 align:start position:0%
so essentially uh when we look back at
the<00:03:55.739><c> last</c><00:03:55.860><c> year</c><00:03:56.099><c> it</c><00:03:56.940><c> was</c><00:03:57.120><c> about</c><00:03:57.299><c> a</c><00:03:57.540><c> year</c><00:03:57.659><c> right</c>

00:03:58.089 --> 00:03:58.099 align:start position:0%
the last year it was about a year right
 

00:03:58.099 --> 00:04:01.130 align:start position:0%
the last year it was about a year right
we<00:03:59.099><c> had</c><00:03:59.220><c> a</c><00:03:59.400><c> hack</c><00:03:59.519><c> at</c><00:03:59.760><c> the</c><00:03:59.879><c> poly</c><00:04:00.180><c> Network</c><00:04:00.360><c> we</c><00:04:00.959><c> had</c>

00:04:01.130 --> 00:04:01.140 align:start position:0%
we had a hack at the poly Network we had
 

00:04:01.140 --> 00:04:03.470 align:start position:0%
we had a hack at the poly Network we had
a<00:04:01.260><c> hack</c><00:04:01.500><c> at</c><00:04:01.680><c> the</c><00:04:01.799><c> chain</c><00:04:01.920><c> swap</c><00:04:02.340><c> we</c><00:04:03.120><c> had</c><00:04:03.180><c> a</c><00:04:03.360><c> hack</c>

00:04:03.470 --> 00:04:03.480 align:start position:0%
a hack at the chain swap we had a hack
 

00:04:03.480 --> 00:04:07.430 align:start position:0%
a hack at the chain swap we had a hack
at<00:04:03.780><c> the</c><00:04:04.019><c> uh</c><00:04:04.260><c> any</c><00:04:05.040><c> Swope</c><00:04:05.519><c> so</c><00:04:06.360><c> uh</c><00:04:06.780><c> last</c><00:04:07.019><c> year</c><00:04:07.200><c> was</c>

00:04:07.430 --> 00:04:07.440 align:start position:0%
at the uh any Swope so uh last year was
 

00:04:07.440 --> 00:04:09.050 align:start position:0%
at the uh any Swope so uh last year was
really<00:04:07.620><c> very</c><00:04:07.860><c> bad</c><00:04:08.099><c> but</c><00:04:08.340><c> that</c><00:04:08.640><c> doesn't</c><00:04:08.879><c> really</c>

00:04:09.050 --> 00:04:09.060 align:start position:0%
really very bad but that doesn't really
 

00:04:09.060 --> 00:04:12.250 align:start position:0%
really very bad but that doesn't really
compare<00:04:09.780><c> to</c><00:04:10.140><c> what</c><00:04:10.620><c> we</c><00:04:10.739><c> witnessed</c><00:04:11.280><c> this</c><00:04:11.580><c> year</c>

00:04:12.250 --> 00:04:12.260 align:start position:0%
compare to what we witnessed this year
 

00:04:12.260 --> 00:04:14.690 align:start position:0%
compare to what we witnessed this year
and<00:04:13.260><c> it's</c><00:04:13.439><c> really</c><00:04:13.680><c> shaping</c><00:04:14.099><c> up</c><00:04:14.159><c> to</c><00:04:14.400><c> be</c><00:04:14.519><c> much</c>

00:04:14.690 --> 00:04:14.700 align:start position:0%
and it's really shaping up to be much
 

00:04:14.700 --> 00:04:16.009 align:start position:0%
and it's really shaping up to be much
much<00:04:14.879><c> worse</c>

00:04:16.009 --> 00:04:16.019 align:start position:0%
much worse
 

00:04:16.019 --> 00:04:18.590 align:start position:0%
much worse
so<00:04:16.680><c> it</c><00:04:16.859><c> all</c><00:04:17.100><c> started</c><00:04:17.459><c> with</c><00:04:17.639><c> the</c><00:04:17.820><c> Wormhole</c><00:04:18.239><c> hack</c>

00:04:18.590 --> 00:04:18.600 align:start position:0%
so it all started with the Wormhole hack
 

00:04:18.600 --> 00:04:21.770 align:start position:0%
so it all started with the Wormhole hack
then<00:04:19.320><c> we</c><00:04:19.560><c> had</c><00:04:19.799><c> a</c><00:04:20.280><c> running</c><00:04:20.459><c> Network</c>

00:04:21.770 --> 00:04:21.780 align:start position:0%
then we had a running Network
 

00:04:21.780 --> 00:04:25.430 align:start position:0%
then we had a running Network
um<00:04:21.840><c> it</c><00:04:22.440><c> was</c><00:04:22.560><c> like</c><00:04:23.100><c> huge</c><00:04:23.940><c> 600</c><00:04:24.660><c> million</c><00:04:25.080><c> dollars</c>

00:04:25.430 --> 00:04:25.440 align:start position:0%
um it was like huge 600 million dollars
 

00:04:25.440 --> 00:04:28.850 align:start position:0%
um it was like huge 600 million dollars
uh<00:04:25.860><c> was</c><00:04:26.100><c> taken</c><00:04:26.520><c> from</c><00:04:27.060><c> that</c><00:04:27.240><c> bridge</c><00:04:27.479><c> uh</c><00:04:28.440><c> then</c><00:04:28.680><c> we</c>

00:04:28.850 --> 00:04:28.860 align:start position:0%
uh was taken from that bridge uh then we
 

00:04:28.860 --> 00:04:30.409 align:start position:0%
uh was taken from that bridge uh then we
had<00:04:28.979><c> the</c><00:04:29.100><c> harmony</c>

00:04:30.409 --> 00:04:30.419 align:start position:0%
had the harmony
 

00:04:30.419 --> 00:04:33.409 align:start position:0%
had the harmony
um<00:04:30.840><c> Nomad</c><00:04:31.560><c> this</c><00:04:32.340><c> one</c><00:04:32.460><c> was</c><00:04:32.699><c> particularly</c><00:04:33.060><c> bad</c>

00:04:33.409 --> 00:04:33.419 align:start position:0%
um Nomad this one was particularly bad
 

00:04:33.419 --> 00:04:36.110 align:start position:0%
um Nomad this one was particularly bad
uh<00:04:34.139><c> I</c><00:04:34.620><c> personally</c><00:04:34.919><c> really</c><00:04:35.160><c> liked</c><00:04:35.520><c> Nomad</c>

00:04:36.110 --> 00:04:36.120 align:start position:0%
uh I personally really liked Nomad
 

00:04:36.120 --> 00:04:38.390 align:start position:0%
uh I personally really liked Nomad
architecture<00:04:36.600><c> I</c><00:04:36.840><c> was</c><00:04:37.020><c> actually</c><00:04:37.199><c> trying</c><00:04:38.160><c> to</c>

00:04:38.390 --> 00:04:38.400 align:start position:0%
architecture I was actually trying to
 

00:04:38.400 --> 00:04:41.870 align:start position:0%
architecture I was actually trying to
convince<00:04:38.820><c> my</c><00:04:39.600><c> peers</c><00:04:40.259><c> at</c><00:04:40.500><c> maker</c><00:04:40.979><c> to</c><00:04:41.340><c> have</c><00:04:41.699><c> a</c>

00:04:41.870 --> 00:04:41.880 align:start position:0%
convince my peers at maker to have a
 

00:04:41.880 --> 00:04:44.510 align:start position:0%
convince my peers at maker to have a
very<00:04:42.000><c> closer</c><00:04:42.479><c> uh</c><00:04:42.960><c> much</c><00:04:43.139><c> closer</c><00:04:43.620><c> look</c><00:04:43.740><c> and</c>

00:04:44.510 --> 00:04:44.520 align:start position:0%
very closer uh much closer look and
 

00:04:44.520 --> 00:04:46.670 align:start position:0%
very closer uh much closer look and
unfortunately<00:04:45.060><c> to</c><00:04:45.600><c> a</c><00:04:45.840><c> bug</c><00:04:46.020><c> in</c><00:04:46.380><c> a</c><00:04:46.560><c> smart</c>

00:04:46.670 --> 00:04:46.680 align:start position:0%
unfortunately to a bug in a smart
 

00:04:46.680 --> 00:04:50.450 align:start position:0%
unfortunately to a bug in a smart
contract<00:04:47.180><c> it</c><00:04:48.180><c> was</c><00:04:48.360><c> hacked</c><00:04:49.320><c> uh</c><00:04:49.860><c> literally</c><00:04:50.220><c> two</c>

00:04:50.450 --> 00:04:50.460 align:start position:0%
contract it was hacked uh literally two
 

00:04:50.460 --> 00:04:54.530 align:start position:0%
contract it was hacked uh literally two
weeks<00:04:50.820><c> after</c><00:04:51.000><c> I</c><00:04:51.300><c> pitched</c><00:04:51.720><c> uh</c><00:04:52.080><c> Nomad</c><00:04:52.639><c> so</c><00:04:53.639><c> that</c>

00:04:54.530 --> 00:04:54.540 align:start position:0%
weeks after I pitched uh Nomad so that
 

00:04:54.540 --> 00:04:56.810 align:start position:0%
weeks after I pitched uh Nomad so that
was<00:04:54.660><c> that</c><00:04:54.780><c> was</c><00:04:54.960><c> really</c><00:04:55.139><c> really</c><00:04:55.320><c> uh</c><00:04:56.100><c> intense</c>

00:04:56.810 --> 00:04:56.820 align:start position:0%
was that was really really uh intense
 

00:04:56.820 --> 00:04:59.450 align:start position:0%
was that was really really uh intense
and<00:04:57.120><c> and</c><00:04:57.300><c> then</c><00:04:57.600><c> probably</c><00:04:58.380><c> a</c><00:04:58.680><c> week</c><00:04:58.860><c> before</c>

00:04:59.450 --> 00:04:59.460 align:start position:0%
and and then probably a week before
 

00:04:59.460 --> 00:05:01.490 align:start position:0%
and and then probably a week before
Defcon<00:05:00.180><c> you</c><00:05:00.780><c> might</c><00:05:00.900><c> have</c><00:05:01.080><c> heard</c><00:05:01.320><c> about</c>

00:05:01.490 --> 00:05:01.500 align:start position:0%
Defcon you might have heard about
 

00:05:01.500 --> 00:05:05.210 align:start position:0%
Defcon you might have heard about
binance<00:05:02.160><c> and</c><00:05:02.820><c> I</c><00:05:02.940><c> even</c><00:05:03.060><c> had</c><00:05:03.419><c> to</c><00:05:03.919><c> correct</c><00:05:04.919><c> my</c>

00:05:05.210 --> 00:05:05.220 align:start position:0%
binance and I even had to correct my
 

00:05:05.220 --> 00:05:07.430 align:start position:0%
binance and I even had to correct my
presentation<00:05:05.780><c> because</c><00:05:06.780><c> of</c><00:05:07.020><c> what</c><00:05:07.199><c> happened</c>

00:05:07.430 --> 00:05:07.440 align:start position:0%
presentation because of what happened
 

00:05:07.440 --> 00:05:10.490 align:start position:0%
presentation because of what happened
literally<00:05:08.040><c> yesterday</c><00:05:08.340><c> right</c><00:05:08.960><c> it's</c><00:05:09.960><c> not</c><00:05:10.320><c> just</c>

00:05:10.490 --> 00:05:10.500 align:start position:0%
literally yesterday right it's not just
 

00:05:10.500 --> 00:05:13.129 align:start position:0%
literally yesterday right it's not just
the<00:05:10.800><c> bridge</c><00:05:11.000><c> some</c><00:05:12.000><c> other</c><00:05:12.180><c> D5</c><00:05:12.540><c> protocols</c><00:05:13.080><c> were</c>

00:05:13.129 --> 00:05:13.139 align:start position:0%
the bridge some other D5 protocols were
 

00:05:13.139 --> 00:05:15.590 align:start position:0%
the bridge some other D5 protocols were
hacked<00:05:13.500><c> as</c><00:05:13.620><c> well</c><00:05:13.800><c> but</c><00:05:14.220><c> yet</c><00:05:14.940><c> we</c><00:05:15.120><c> had</c><00:05:15.360><c> another</c>

00:05:15.590 --> 00:05:15.600 align:start position:0%
hacked as well but yet we had another
 

00:05:15.600 --> 00:05:20.210 align:start position:0%
hacked as well but yet we had another
Bridge<00:05:16.440><c> hack</c><00:05:16.800><c> so</c><00:05:17.759><c> bridges</c><00:05:18.660><c> are</c><00:05:18.960><c> scary</c><00:05:19.259><c> and</c>

00:05:20.210 --> 00:05:20.220 align:start position:0%
Bridge hack so bridges are scary and
 

00:05:20.220 --> 00:05:24.650 align:start position:0%
Bridge hack so bridges are scary and
bridges<00:05:21.199><c> seem</c><00:05:22.199><c> to</c><00:05:22.380><c> be</c><00:05:22.560><c> really</c><00:05:23.039><c> a</c><00:05:23.940><c> weak</c><00:05:24.419><c> point</c>

00:05:24.650 --> 00:05:24.660 align:start position:0%
bridges seem to be really a weak point
 

00:05:24.660 --> 00:05:28.249 align:start position:0%
bridges seem to be really a weak point
in<00:05:25.020><c> all</c><00:05:25.199><c> of</c><00:05:25.380><c> this</c><00:05:25.639><c> and</c><00:05:26.639><c> we</c><00:05:27.419><c> had</c><00:05:27.720><c> to</c><00:05:27.840><c> take</c><00:05:28.080><c> a</c>

00:05:28.249 --> 00:05:28.259 align:start position:0%
in all of this and we had to take a
 

00:05:28.259 --> 00:05:30.710 align:start position:0%
in all of this and we had to take a
closer<00:05:28.560><c> look</c><00:05:28.680><c> at</c><00:05:29.100><c> all</c><00:05:29.280><c> of</c><00:05:29.400><c> them</c><00:05:29.580><c> so</c><00:05:30.360><c> far</c><00:05:30.479><c> we've</c>

00:05:30.710 --> 00:05:30.720 align:start position:0%
closer look at all of them so far we've
 

00:05:30.720 --> 00:05:33.770 align:start position:0%
closer look at all of them so far we've
spent<00:05:31.380><c> the</c><00:05:32.340><c> last</c><00:05:32.520><c> two</c><00:05:32.880><c> years</c><00:05:33.060><c> looking</c><00:05:33.419><c> mostly</c>

00:05:33.770 --> 00:05:33.780 align:start position:0%
spent the last two years looking mostly
 

00:05:33.780 --> 00:05:37.730 align:start position:0%
spent the last two years looking mostly
at<00:05:33.900><c> the</c><00:05:34.020><c> Roll-Ups</c><00:05:34.500><c> and</c><00:05:35.460><c> now</c><00:05:36.000><c> it</c><00:05:36.960><c> was</c><00:05:37.080><c> time</c><00:05:37.380><c> for</c>

00:05:37.730 --> 00:05:37.740 align:start position:0%
at the Roll-Ups and now it was time for
 

00:05:37.740 --> 00:05:40.189 align:start position:0%
at the Roll-Ups and now it was time for
our<00:05:37.979><c> team</c><00:05:38.220><c> to</c><00:05:38.880><c> have</c><00:05:39.000><c> a</c><00:05:39.180><c> look</c><00:05:39.240><c> at</c><00:05:39.419><c> other</c><00:05:39.720><c> Bridges</c>

00:05:40.189 --> 00:05:40.199 align:start position:0%
our team to have a look at other Bridges
 

00:05:40.199 --> 00:05:41.990 align:start position:0%
our team to have a look at other Bridges
as<00:05:40.380><c> well</c><00:05:40.560><c> and</c>

00:05:41.990 --> 00:05:42.000 align:start position:0%
as well and
 

00:05:42.000 --> 00:05:44.570 align:start position:0%
as well and
how<00:05:42.780><c> we</c><00:05:43.320><c> publish</c><00:05:43.620><c> this</c><00:05:43.800><c> information</c><00:05:43.979><c> like</c><00:05:44.400><c> I</c>

00:05:44.570 --> 00:05:44.580 align:start position:0%
how we publish this information like I
 

00:05:44.580 --> 00:05:47.570 align:start position:0%
how we publish this information like I
said<00:05:44.699><c> before</c><00:05:45.199><c> we</c><00:05:46.199><c> basically</c><00:05:47.039><c> looked</c><00:05:47.340><c> at</c><00:05:47.460><c> all</c>

00:05:47.570 --> 00:05:47.580 align:start position:0%
said before we basically looked at all
 

00:05:47.580 --> 00:05:49.629 align:start position:0%
said before we basically looked at all
the<00:05:47.699><c> escrows</c><00:05:48.180><c> we</c><00:05:48.360><c> looked</c><00:05:48.600><c> at</c><00:05:48.660><c> all</c><00:05:48.960><c> the</c><00:05:49.080><c> values</c>

00:05:49.629 --> 00:05:49.639 align:start position:0%
the escrows we looked at all the values
 

00:05:49.639 --> 00:05:53.570 align:start position:0%
the escrows we looked at all the values
that<00:05:50.639><c> was</c><00:05:50.820><c> locked</c><00:05:51.419><c> in</c><00:05:51.539><c> all</c><00:05:51.720><c> the</c><00:05:51.840><c> bridges</c>

00:05:53.570 --> 00:05:53.580 align:start position:0%
that was locked in all the bridges
 

00:05:53.580 --> 00:05:56.330 align:start position:0%
that was locked in all the bridges
but<00:05:54.120><c> looking</c><00:05:54.600><c> at</c><00:05:55.139><c> other</c><00:05:55.500><c> not</c><00:05:55.979><c> just</c><00:05:56.100><c> the</c>

00:05:56.330 --> 00:05:56.340 align:start position:0%
but looking at other not just the
 

00:05:56.340 --> 00:05:59.210 align:start position:0%
but looking at other not just the
Roll-Ups<00:05:56.820><c> looking</c><00:05:57.060><c> at</c><00:05:57.240><c> other</c><00:05:57.479><c> Bridges</c><00:05:58.220><c> was</c>

00:05:59.210 --> 00:05:59.220 align:start position:0%
Roll-Ups looking at other Bridges was
 

00:05:59.220 --> 00:06:01.189 align:start position:0%
Roll-Ups looking at other Bridges was
essentially<00:05:59.759><c> requested</c><00:06:00.479><c> by</c><00:06:00.780><c> the</c><00:06:01.020><c> community</c>

00:06:01.189 --> 00:06:01.199 align:start position:0%
essentially requested by the community
 

00:06:01.199 --> 00:06:03.529 align:start position:0%
essentially requested by the community
and<00:06:01.979><c> if</c><00:06:02.460><c> Josh</c><00:06:02.639><c> Stark</c><00:06:03.000><c> from</c><00:06:03.180><c> ethereum</c>

00:06:03.529 --> 00:06:03.539 align:start position:0%
and if Josh Stark from ethereum
 

00:06:03.539 --> 00:06:04.850 align:start position:0%
and if Josh Stark from ethereum
Foundation<00:06:03.900><c> asks</c><00:06:04.259><c> you</c><00:06:04.320><c> to</c><00:06:04.500><c> actually</c><00:06:04.620><c> do</c>

00:06:04.850 --> 00:06:04.860 align:start position:0%
Foundation asks you to actually do
 

00:06:04.860 --> 00:06:07.249 align:start position:0%
Foundation asks you to actually do
something<00:06:05.100><c> you</c><00:06:05.400><c> should</c><00:06:05.580><c> certainly</c><00:06:06.000><c> consider</c>

00:06:07.249 --> 00:06:07.259 align:start position:0%
something you should certainly consider
 

00:06:07.259 --> 00:06:08.510 align:start position:0%
something you should certainly consider
so

00:06:08.510 --> 00:06:08.520 align:start position:0%
so
 

00:06:08.520 --> 00:06:10.909 align:start position:0%
so
without<00:06:09.360><c> the</c><00:06:09.660><c> further</c><00:06:09.900><c> Ado</c><00:06:10.139><c> I</c><00:06:10.380><c> mean</c><00:06:10.500><c> this</c><00:06:10.800><c> is</c>

00:06:10.909 --> 00:06:10.919 align:start position:0%
without the further Ado I mean this is
 

00:06:10.919 --> 00:06:14.090 align:start position:0%
without the further Ado I mean this is
actually<00:06:11.220><c> my</c><00:06:11.580><c> pleasure</c><00:06:11.880><c> to</c><00:06:12.300><c> uh</c><00:06:12.960><c> to</c><00:06:13.620><c> announce</c>

00:06:14.090 --> 00:06:14.100 align:start position:0%
actually my pleasure to uh to announce
 

00:06:14.100 --> 00:06:17.870 align:start position:0%
actually my pleasure to uh to announce
that<00:06:14.639><c> at</c><00:06:14.880><c> l2beat</c><00:06:15.660><c> we</c><00:06:16.380><c> also</c><00:06:16.680><c> are</c><00:06:17.220><c> covering</c><00:06:17.639><c> all</c>

00:06:17.870 --> 00:06:17.880 align:start position:0%
that at l2beat we also are covering all
 

00:06:17.880 --> 00:06:20.689 align:start position:0%
that at l2beat we also are covering all
the<00:06:18.060><c> bridges</c><00:06:18.479><c> uh</c><00:06:19.139><c> you</c><00:06:19.320><c> can</c><00:06:19.440><c> check</c><00:06:19.620><c> it</c><00:06:19.800><c> out</c><00:06:19.979><c> it's</c>

00:06:20.689 --> 00:06:20.699 align:start position:0%
the bridges uh you can check it out it's
 

00:06:20.699 --> 00:06:23.270 align:start position:0%
the bridges uh you can check it out it's
actually<00:06:20.880><c> up</c><00:06:21.539><c> and</c><00:06:21.720><c> running</c><00:06:21.900><c> and</c><00:06:22.259><c> live</c><00:06:22.560><c> uh</c>

00:06:23.270 --> 00:06:23.280 align:start position:0%
actually up and running and live uh
 

00:06:23.280 --> 00:06:27.409 align:start position:0%
actually up and running and live uh
since<00:06:23.639><c> yesterday</c><00:06:24.740><c> and</c><00:06:25.740><c> I'm</c><00:06:26.400><c> gonna</c><00:06:26.639><c> tell</c><00:06:27.120><c> you</c><00:06:27.240><c> a</c>

00:06:27.409 --> 00:06:27.419 align:start position:0%
since yesterday and I'm gonna tell you a
 

00:06:27.419 --> 00:06:29.270 align:start position:0%
since yesterday and I'm gonna tell you a
little<00:06:27.539><c> bit</c><00:06:27.660><c> how</c><00:06:28.259><c> we</c><00:06:28.380><c> look</c><00:06:28.500><c> at</c><00:06:28.680><c> these</c><00:06:28.860><c> Bridges</c>

00:06:29.270 --> 00:06:29.280 align:start position:0%
little bit how we look at these Bridges
 

00:06:29.280 --> 00:06:32.809 align:start position:0%
little bit how we look at these Bridges
and<00:06:29.819><c> what</c><00:06:30.360><c> are</c><00:06:30.539><c> the</c><00:06:30.720><c> funding</c><00:06:31.139><c> findings</c><00:06:31.860><c> that</c>

00:06:32.809 --> 00:06:32.819 align:start position:0%
and what are the funding findings that
 

00:06:32.819 --> 00:06:35.570 align:start position:0%
and what are the funding findings that
we<00:06:33.060><c> uh</c><00:06:33.660><c> uncovered</c><00:06:34.319><c> uh</c><00:06:34.740><c> by</c><00:06:34.979><c> by</c><00:06:35.100><c> looking</c><00:06:35.340><c> at</c>

00:06:35.570 --> 00:06:35.580 align:start position:0%
we uh uncovered uh by by looking at
 

00:06:35.580 --> 00:06:36.830 align:start position:0%
we uh uncovered uh by by looking at
these<00:06:35.819><c> Bridges</c>

00:06:36.830 --> 00:06:36.840 align:start position:0%
these Bridges
 

00:06:36.840 --> 00:06:38.350 align:start position:0%
these Bridges
so

00:06:38.350 --> 00:06:38.360 align:start position:0%
so
 

00:06:38.360 --> 00:06:41.510 align:start position:0%
so
to<00:06:39.360><c> put</c><00:06:39.539><c> it</c><00:06:39.720><c> simply</c><00:06:40.020><c> we</c><00:06:40.800><c> obviously</c><00:06:41.160><c> track</c>

00:06:41.510 --> 00:06:41.520 align:start position:0%
to put it simply we obviously track
 

00:06:41.520 --> 00:06:44.749 align:start position:0%
to put it simply we obviously track
total<00:06:42.180><c> value</c><00:06:42.300><c> locked</c><00:06:42.840><c> in</c><00:06:43.440><c> these</c><00:06:43.620><c> Bridges</c><00:06:44.039><c> so</c>

00:06:44.749 --> 00:06:44.759 align:start position:0%
total value locked in these Bridges so
 

00:06:44.759 --> 00:06:47.629 align:start position:0%
total value locked in these Bridges so
we<00:06:45.000><c> can</c><00:06:45.120><c> see</c><00:06:45.300><c> more</c><00:06:45.900><c> or</c><00:06:46.080><c> less</c><00:06:46.139><c> the</c><00:06:46.380><c> same</c><00:06:46.620><c> type</c><00:06:47.460><c> of</c>

00:06:47.629 --> 00:06:47.639 align:start position:0%
we can see more or less the same type of
 

00:06:47.639 --> 00:06:49.610 align:start position:0%
we can see more or less the same type of
list<00:06:47.880><c> as</c><00:06:48.180><c> for</c><00:06:48.360><c> layer</c><00:06:48.660><c> twos</c>

00:06:49.610 --> 00:06:49.620 align:start position:0%
list as for layer twos
 

00:06:49.620 --> 00:06:54.650 align:start position:0%
list as for layer twos
uh<00:06:50.580><c> we</c><00:06:51.139><c> tracked</c><00:06:52.139><c> total</c><00:06:52.500><c> value</c><00:06:52.620><c> locked</c><00:06:53.100><c> and</c><00:06:53.699><c> uh</c>

00:06:54.650 --> 00:06:54.660 align:start position:0%
uh we tracked total value locked and uh
 

00:06:54.660 --> 00:06:57.469 align:start position:0%
uh we tracked total value locked and uh
you<00:06:55.080><c> can</c><00:06:55.139><c> you</c><00:06:55.319><c> can</c><00:06:55.500><c> see</c><00:06:55.740><c> how</c><00:06:56.100><c> much</c><00:06:56.280><c> value</c><00:06:56.940><c> is</c><00:06:57.240><c> at</c>

00:06:57.469 --> 00:06:57.479 align:start position:0%
you can you can see how much value is at
 

00:06:57.479 --> 00:07:00.590 align:start position:0%
you can you can see how much value is at
stake<00:06:57.780><c> uh</c><00:06:58.740><c> this</c><00:06:59.039><c> is</c><00:06:59.160><c> all</c><00:06:59.340><c> that</c><00:06:59.580><c> value</c><00:06:59.880><c> that</c>

00:07:00.590 --> 00:07:00.600 align:start position:0%
stake uh this is all that value that
 

00:07:00.600 --> 00:07:02.990 align:start position:0%
stake uh this is all that value that
potentially<00:07:01.380><c> can</c><00:07:01.620><c> be</c><00:07:01.800><c> hacked</c><00:07:02.220><c> and</c><00:07:02.880><c> the</c>

00:07:02.990 --> 00:07:03.000 align:start position:0%
potentially can be hacked and the
 

00:07:03.000 --> 00:07:05.689 align:start position:0%
potentially can be hacked and the
bridges<00:07:03.360><c> are</c><00:07:03.539><c> like</c><00:07:03.720><c> these</c><00:07:04.199><c> uh</c><00:07:04.380><c> huge</c><00:07:04.860><c> pinatas</c>

00:07:05.689 --> 00:07:05.699 align:start position:0%
bridges are like these uh huge pinatas
 

00:07:05.699 --> 00:07:08.990 align:start position:0%
bridges are like these uh huge pinatas
uh<00:07:06.660><c> for</c><00:07:07.080><c> uh</c><00:07:07.560><c> for</c><00:07:07.800><c> potential</c><00:07:08.100><c> hackers</c><00:07:08.520><c> right</c><00:07:08.699><c> so</c>

00:07:08.990 --> 00:07:09.000 align:start position:0%
uh for uh for potential hackers right so
 

00:07:09.000 --> 00:07:10.850 align:start position:0%
uh for uh for potential hackers right so
we<00:07:09.180><c> really</c><00:07:09.360><c> need</c><00:07:09.660><c> to</c><00:07:09.780><c> understand</c><00:07:09.960><c> what</c><00:07:10.680><c> are</c>

00:07:10.850 --> 00:07:10.860 align:start position:0%
we really need to understand what are
 

00:07:10.860 --> 00:07:12.350 align:start position:0%
we really need to understand what are
the<00:07:11.039><c> risks</c><00:07:11.400><c> and</c><00:07:11.699><c> what</c><00:07:11.880><c> are</c><00:07:12.060><c> the</c><00:07:12.180><c> security</c>

00:07:12.350 --> 00:07:12.360 align:start position:0%
the risks and what are the security
 

00:07:12.360 --> 00:07:14.809 align:start position:0%
the risks and what are the security
assumptions<00:07:12.960><c> behind</c><00:07:13.319><c> all</c><00:07:13.500><c> these</c><00:07:13.740><c> Bridges</c>

00:07:14.809 --> 00:07:14.819 align:start position:0%
assumptions behind all these Bridges
 

00:07:14.819 --> 00:07:17.090 align:start position:0%
assumptions behind all these Bridges
and<00:07:15.539><c> then</c><00:07:15.720><c> you</c><00:07:16.020><c> can</c><00:07:16.080><c> look</c><00:07:16.259><c> at</c><00:07:16.440><c> the</c><00:07:16.620><c> bridges</c><00:07:16.919><c> to</c>

00:07:17.090 --> 00:07:17.100 align:start position:0%
and then you can look at the bridges to
 

00:07:17.100 --> 00:07:20.089 align:start position:0%
and then you can look at the bridges to
roll<00:07:17.340><c> ups</c><00:07:17.699><c> uh</c><00:07:18.479><c> as</c><00:07:19.080><c> a</c><00:07:19.319><c> type</c><00:07:19.440><c> of</c><00:07:19.620><c> a</c><00:07:19.680><c> canonical</c>

00:07:20.089 --> 00:07:20.099 align:start position:0%
roll ups uh as a type of a canonical
 

00:07:20.099 --> 00:07:22.730 align:start position:0%
roll ups uh as a type of a canonical
Bridge<00:07:20.360><c> so</c><00:07:21.360><c> you</c><00:07:21.539><c> can</c><00:07:21.660><c> combine</c><00:07:22.080><c> this</c>

00:07:22.730 --> 00:07:22.740 align:start position:0%
Bridge so you can combine this
 

00:07:22.740 --> 00:07:25.370 align:start position:0%
Bridge so you can combine this
information<00:07:22.919><c> and</c><00:07:23.819><c> and</c><00:07:24.720><c> you</c><00:07:24.900><c> can</c><00:07:25.020><c> see</c><00:07:25.139><c> the</c>

00:07:25.370 --> 00:07:25.380 align:start position:0%
information and and you can see the
 

00:07:25.380 --> 00:07:28.790 align:start position:0%
information and and you can see the
total<00:07:25.740><c> value</c><00:07:26.000><c> logged</c><00:07:27.000><c> in</c><00:07:27.120><c> uh</c><00:07:27.720><c> all</c><00:07:28.500><c> of</c><00:07:28.620><c> these</c>

00:07:28.790 --> 00:07:28.800 align:start position:0%
total value logged in uh all of these
 

00:07:28.800 --> 00:07:31.249 align:start position:0%
total value logged in uh all of these
systems<00:07:29.160><c> and</c><00:07:29.340><c> all</c><00:07:29.460><c> of</c><00:07:29.580><c> these</c><00:07:29.759><c> Bridges</c>

00:07:31.249 --> 00:07:31.259 align:start position:0%
systems and all of these Bridges
 

00:07:31.259 --> 00:07:34.790 align:start position:0%
systems and all of these Bridges
uh<00:07:31.919><c> but</c><00:07:32.220><c> as</c><00:07:32.460><c> you</c><00:07:32.699><c> know</c><00:07:32.819><c> uh</c><00:07:33.240><c> l2b</c><00:07:33.840><c> is</c><00:07:34.199><c> primarily</c>

00:07:34.790 --> 00:07:34.800 align:start position:0%
uh but as you know uh l2b is primarily
 

00:07:34.800 --> 00:07:37.010 align:start position:0%
uh but as you know uh l2b is primarily
about<00:07:34.979><c> the</c><00:07:35.400><c> uh</c><00:07:35.819><c> the</c><00:07:36.060><c> risks</c><00:07:36.360><c> we</c><00:07:36.840><c> want</c><00:07:36.960><c> to</c>

00:07:37.010 --> 00:07:37.020 align:start position:0%
about the uh the risks we want to
 

00:07:37.020 --> 00:07:39.710 align:start position:0%
about the uh the risks we want to
disclose<00:07:37.440><c> the</c><00:07:37.620><c> risks</c><00:07:38.039><c> uh</c><00:07:38.520><c> like</c><00:07:39.000><c> you</c><00:07:39.479><c> can</c><00:07:39.539><c> see</c>

00:07:39.710 --> 00:07:39.720 align:start position:0%
disclose the risks uh like you can see
 

00:07:39.720 --> 00:07:43.129 align:start position:0%
disclose the risks uh like you can see
on<00:07:39.960><c> this</c><00:07:40.199><c> particular</c><00:07:40.680><c> example</c><00:07:41.099><c> uh</c><00:07:41.960><c> most</c><00:07:42.960><c> of</c>

00:07:43.129 --> 00:07:43.139 align:start position:0%
on this particular example uh most of
 

00:07:43.139 --> 00:07:46.129 align:start position:0%
on this particular example uh most of
you<00:07:43.259><c> probably</c><00:07:43.560><c> know</c><00:07:43.979><c> that</c><00:07:44.460><c> optimism</c><00:07:45.240><c> does</c><00:07:46.020><c> not</c>

00:07:46.129 --> 00:07:46.139 align:start position:0%
you probably know that optimism does not
 

00:07:46.139 --> 00:07:50.350 align:start position:0%
you probably know that optimism does not
have<00:07:46.380><c> fraud</c><00:07:46.740><c> proofs</c><00:07:47.039><c> uh</c><00:07:48.020><c> right</c><00:07:49.020><c> now</c><00:07:49.199><c> deployed</c>

00:07:50.350 --> 00:07:50.360 align:start position:0%
have fraud proofs uh right now deployed
 

00:07:50.360 --> 00:07:53.930 align:start position:0%
have fraud proofs uh right now deployed
and<00:07:51.360><c> this</c><00:07:51.780><c> information</c><00:07:52.160><c> should</c><00:07:53.160><c> be</c><00:07:53.340><c> known</c><00:07:53.639><c> and</c>

00:07:53.930 --> 00:07:53.940 align:start position:0%
and this information should be known and
 

00:07:53.940 --> 00:07:56.510 align:start position:0%
and this information should be known and
available<00:07:54.120><c> to</c><00:07:54.479><c> everybody</c><00:07:54.800><c> so</c><00:07:55.800><c> you</c><00:07:56.099><c> know</c><00:07:56.280><c> when</c>

00:07:56.510 --> 00:07:56.520 align:start position:0%
available to everybody so you know when
 

00:07:56.520 --> 00:07:59.809 align:start position:0%
available to everybody so you know when
you<00:07:56.639><c> move</c><00:07:56.819><c> your</c><00:07:57.000><c> funds</c><00:07:57.419><c> to</c><00:07:57.780><c> optimism</c><00:07:58.580><c> what</c><00:07:59.580><c> are</c>

00:07:59.809 --> 00:07:59.819 align:start position:0%
you move your funds to optimism what are
 

00:07:59.819 --> 00:08:02.510 align:start position:0%
you move your funds to optimism what are
the<00:08:00.060><c> security</c><00:08:00.360><c> assumptions</c><00:08:01.080><c> I</c><00:08:01.500><c> mean</c><00:08:01.680><c> we</c><00:08:02.340><c> are</c>

00:08:02.510 --> 00:08:02.520 align:start position:0%
the security assumptions I mean we are
 

00:08:02.520 --> 00:08:04.610 align:start position:0%
the security assumptions I mean we are
in<00:08:02.699><c> a</c><00:08:02.819><c> close</c><00:08:02.940><c> contact</c><00:08:03.240><c> with</c><00:08:03.539><c> Optimist</c><00:08:04.020><c> team</c><00:08:04.259><c> we</c>

00:08:04.610 --> 00:08:04.620 align:start position:0%
in a close contact with Optimist team we
 

00:08:04.620 --> 00:08:06.050 align:start position:0%
in a close contact with Optimist team we
know<00:08:04.740><c> that</c><00:08:05.039><c> they're</c><00:08:05.160><c> working</c><00:08:05.460><c> on</c><00:08:05.699><c> the</c><00:08:05.819><c> fraud</c>

00:08:06.050 --> 00:08:06.060 align:start position:0%
know that they're working on the fraud
 

00:08:06.060 --> 00:08:08.990 align:start position:0%
know that they're working on the fraud
proof<00:08:06.300><c> system</c><00:08:06.860><c> but</c><00:08:07.860><c> as</c><00:08:08.039><c> it</c><00:08:08.220><c> stands</c><00:08:08.580><c> right</c><00:08:08.819><c> now</c>

00:08:08.990 --> 00:08:09.000 align:start position:0%
proof system but as it stands right now
 

00:08:09.000 --> 00:08:10.610 align:start position:0%
proof system but as it stands right now
you<00:08:09.240><c> have</c><00:08:09.360><c> to</c><00:08:09.539><c> trust</c><00:08:09.780><c> them</c><00:08:09.960><c> right</c><00:08:10.199><c> you</c><00:08:10.380><c> have</c><00:08:10.500><c> to</c>

00:08:10.610 --> 00:08:10.620 align:start position:0%
you have to trust them right you have to
 

00:08:10.620 --> 00:08:12.290 align:start position:0%
you have to trust them right you have to
trust<00:08:10.919><c> the</c><00:08:11.099><c> team</c><00:08:11.280><c> and</c><00:08:11.520><c> you</c><00:08:11.699><c> have</c><00:08:11.759><c> to</c><00:08:11.880><c> trust</c><00:08:12.180><c> the</c>

00:08:12.290 --> 00:08:12.300 align:start position:0%
trust the team and you have to trust the
 

00:08:12.300 --> 00:08:15.469 align:start position:0%
trust the team and you have to trust the
sequencer

00:08:15.469 --> 00:08:15.479 align:start position:0%
 
 

00:08:15.479 --> 00:08:17.450 align:start position:0%
 
um<00:08:15.539><c> so</c><00:08:16.259><c> I</c><00:08:16.560><c> guess</c><00:08:16.680><c> we</c><00:08:16.860><c> thought</c><00:08:17.039><c> that</c><00:08:17.220><c> you</c><00:08:17.400><c> know</c>

00:08:17.450 --> 00:08:17.460 align:start position:0%
um so I guess we thought that you know
 

00:08:17.460 --> 00:08:19.430 align:start position:0%
um so I guess we thought that you know
we<00:08:17.580><c> need</c><00:08:17.759><c> the</c><00:08:17.880><c> proper</c><00:08:18.240><c> uh</c><00:08:18.539><c> risk</c><00:08:18.900><c> framework</c><00:08:19.259><c> for</c>

00:08:19.430 --> 00:08:19.440 align:start position:0%
we need the proper uh risk framework for
 

00:08:19.440 --> 00:08:21.589 align:start position:0%
we need the proper uh risk framework for
Bridges<00:08:19.860><c> uh</c><00:08:20.520><c> that</c><00:08:20.759><c> would</c><00:08:20.879><c> work</c><00:08:21.120><c> more</c><00:08:21.360><c> or</c><00:08:21.479><c> less</c>

00:08:21.589 --> 00:08:21.599 align:start position:0%
Bridges uh that would work more or less
 

00:08:21.599 --> 00:08:23.570 align:start position:0%
Bridges uh that would work more or less
the<00:08:21.780><c> same</c><00:08:21.960><c> way</c><00:08:22.080><c> as</c><00:08:22.379><c> we</c><00:08:22.560><c> did</c><00:08:22.740><c> that</c><00:08:22.919><c> before</c><00:08:23.160><c> for</c>

00:08:23.570 --> 00:08:23.580 align:start position:0%
the same way as we did that before for
 

00:08:23.580 --> 00:08:26.749 align:start position:0%
the same way as we did that before for
uh<00:08:23.819><c> Roll-Ups</c><00:08:24.479><c> we</c><00:08:25.139><c> believe</c><00:08:25.319><c> that</c><00:08:25.740><c> risks</c><00:08:26.340><c> should</c>

00:08:26.749 --> 00:08:26.759 align:start position:0%
uh Roll-Ups we believe that risks should
 

00:08:26.759 --> 00:08:29.330 align:start position:0%
uh Roll-Ups we believe that risks should
be<00:08:26.879><c> disclosed</c><00:08:27.479><c> we</c><00:08:28.020><c> believe</c><00:08:28.199><c> that</c><00:08:28.680><c> we</c><00:08:29.160><c> should</c>

00:08:29.330 --> 00:08:29.340 align:start position:0%
be disclosed we believe that we should
 

00:08:29.340 --> 00:08:32.269 align:start position:0%
be disclosed we believe that we should
make<00:08:29.580><c> everybody</c><00:08:29.940><c> aware</c><00:08:30.599><c> of</c><00:08:31.500><c> the</c><00:08:31.740><c> underlying</c>

00:08:32.269 --> 00:08:32.279 align:start position:0%
make everybody aware of the underlying
 

00:08:32.279 --> 00:08:34.310 align:start position:0%
make everybody aware of the underlying
security<00:08:32.520><c> assumptions</c><00:08:33.360><c> uh</c><00:08:33.899><c> we</c><00:08:34.140><c> should</c>

00:08:34.310 --> 00:08:34.320 align:start position:0%
security assumptions uh we should
 

00:08:34.320 --> 00:08:36.230 align:start position:0%
security assumptions uh we should
constantly<00:08:34.800><c> monitor</c><00:08:35.339><c> infrastructure</c><00:08:36.000><c> for</c>

00:08:36.230 --> 00:08:36.240 align:start position:0%
constantly monitor infrastructure for
 

00:08:36.240 --> 00:08:39.350 align:start position:0%
constantly monitor infrastructure for
upgrades<00:08:36.779><c> and</c><00:08:37.680><c> we</c><00:08:38.219><c> should</c><00:08:38.399><c> really</c><00:08:38.820><c> monitor</c>

00:08:39.350 --> 00:08:39.360 align:start position:0%
upgrades and we should really monitor
 

00:08:39.360 --> 00:08:42.589 align:start position:0%
upgrades and we should really monitor
the<00:08:39.719><c> uh</c><00:08:39.839><c> the</c><00:08:40.200><c> security</c><00:08:40.459><c> uh</c><00:08:41.459><c> parameters</c><00:08:42.000><c> and</c>

00:08:42.589 --> 00:08:42.599 align:start position:0%
the uh the security uh parameters and
 

00:08:42.599 --> 00:08:45.410 align:start position:0%
the uh the security uh parameters and
this<00:08:43.020><c> is</c><00:08:43.140><c> tough</c><00:08:43.440><c> this</c><00:08:44.099><c> is</c><00:08:44.219><c> hard</c><00:08:44.399><c> because</c><00:08:44.820><c> some</c>

00:08:45.410 --> 00:08:45.420 align:start position:0%
this is tough this is hard because some
 

00:08:45.420 --> 00:08:47.269 align:start position:0%
this is tough this is hard because some
of<00:08:45.600><c> these</c><00:08:46.320><c> constructs</c><00:08:46.740><c> are</c><00:08:46.860><c> actually</c><00:08:47.040><c> quite</c>

00:08:47.269 --> 00:08:47.279 align:start position:0%
of these constructs are actually quite
 

00:08:47.279 --> 00:08:50.150 align:start position:0%
of these constructs are actually quite
quite<00:08:47.700><c> complex</c><00:08:48.200><c> and</c><00:08:49.200><c> you</c><00:08:49.620><c> need</c><00:08:49.860><c> proper</c>

00:08:50.150 --> 00:08:50.160 align:start position:0%
quite complex and you need proper
 

00:08:50.160 --> 00:08:53.269 align:start position:0%
quite complex and you need proper
automation<00:08:50.640><c> you</c><00:08:51.060><c> need</c><00:08:51.180><c> proper</c><00:08:51.600><c> tooling</c><00:08:52.279><c> you</c>

00:08:53.269 --> 00:08:53.279 align:start position:0%
automation you need proper tooling you
 

00:08:53.279 --> 00:08:55.430 align:start position:0%
automation you need proper tooling you
actually<00:08:53.519><c> need</c><00:08:53.880><c> to</c><00:08:54.060><c> be</c><00:08:54.240><c> able</c><00:08:54.420><c> to</c><00:08:54.600><c> read</c><00:08:54.899><c> from</c>

00:08:55.430 --> 00:08:55.440 align:start position:0%
actually need to be able to read from
 

00:08:55.440 --> 00:08:58.370 align:start position:0%
actually need to be able to read from
Storage<00:08:56.160><c> diffs</c><00:08:56.880><c> which</c><00:08:57.720><c> if</c><00:08:57.959><c> you</c><00:08:58.080><c> have</c><00:08:58.200><c> ever</c>

00:08:58.370 --> 00:08:58.380 align:start position:0%
Storage diffs which if you have ever
 

00:08:58.380 --> 00:09:01.250 align:start position:0%
Storage diffs which if you have ever
tried<00:08:58.680><c> to</c><00:08:58.860><c> do</c><00:08:59.040><c> that</c><00:08:59.279><c> it's</c><00:09:00.180><c> not</c><00:09:00.480><c> particularly</c>

00:09:01.250 --> 00:09:01.260 align:start position:0%
tried to do that it's not particularly
 

00:09:01.260 --> 00:09:05.090 align:start position:0%
tried to do that it's not particularly
easy<00:09:01.740><c> and</c><00:09:02.959><c> thankfully</c><00:09:03.959><c> right</c><00:09:04.560><c> now</c><00:09:04.740><c> there</c><00:09:04.980><c> are</c>

00:09:05.090 --> 00:09:05.100 align:start position:0%
easy and thankfully right now there are
 

00:09:05.100 --> 00:09:07.490 align:start position:0%
easy and thankfully right now there are
some<00:09:05.279><c> tools</c><00:09:05.519><c> that</c><00:09:05.760><c> actually</c><00:09:05.940><c> allow</c><00:09:06.420><c> you</c><00:09:06.540><c> to</c><00:09:06.899><c> do</c>

00:09:07.490 --> 00:09:07.500 align:start position:0%
some tools that actually allow you to do
 

00:09:07.500 --> 00:09:11.269 align:start position:0%
some tools that actually allow you to do
that<00:09:07.880><c> much</c><00:09:08.880><c> easier</c><00:09:09.240><c> but</c><00:09:09.600><c> generally</c><00:09:10.160><c> what</c><00:09:11.160><c> you</c>

00:09:11.269 --> 00:09:11.279 align:start position:0%
that much easier but generally what you
 

00:09:11.279 --> 00:09:13.850 align:start position:0%
that much easier but generally what you
need<00:09:11.399><c> to</c><00:09:11.580><c> do</c><00:09:11.760><c> is</c><00:09:12.360><c> you</c><00:09:12.600><c> need</c><00:09:12.720><c> to</c><00:09:12.839><c> replay</c><00:09:13.200><c> all</c><00:09:13.680><c> the</c>

00:09:13.850 --> 00:09:13.860 align:start position:0%
need to do is you need to replay all the
 

00:09:13.860 --> 00:09:16.610 align:start position:0%
need to do is you need to replay all the
potential<00:09:14.160><c> ethereum</c><00:09:14.519><c> transactions</c><00:09:15.620><c> that</c>

00:09:16.610 --> 00:09:16.620 align:start position:0%
potential ethereum transactions that
 

00:09:16.620 --> 00:09:20.269 align:start position:0%
potential ethereum transactions that
change<00:09:17.519><c> the</c><00:09:18.000><c> particular</c><00:09:18.420><c> slot</c><00:09:19.019><c> so</c><00:09:19.740><c> so</c><00:09:19.980><c> that</c>

00:09:20.269 --> 00:09:20.279 align:start position:0%
change the particular slot so so that
 

00:09:20.279 --> 00:09:21.370 align:start position:0%
change the particular slot so so that
stuff

00:09:21.370 --> 00:09:21.380 align:start position:0%
stuff
 

00:09:21.380 --> 00:09:26.389 align:start position:0%
stuff
but<00:09:22.380><c> but</c><00:09:23.160><c> this</c><00:09:23.459><c> is</c><00:09:23.580><c> our</c><00:09:23.820><c> task</c><00:09:24.120><c> and</c><00:09:25.080><c> we</c><00:09:25.620><c> believe</c>

00:09:26.389 --> 00:09:26.399 align:start position:0%
but but this is our task and we believe
 

00:09:26.399 --> 00:09:29.030 align:start position:0%
but but this is our task and we believe
that<00:09:26.940><c> once</c><00:09:27.300><c> we</c><00:09:27.480><c> do</c><00:09:27.660><c> that</c><00:09:27.839><c> we'll</c><00:09:28.500><c> actually</c><00:09:28.740><c> make</c>

00:09:29.030 --> 00:09:29.040 align:start position:0%
that once we do that we'll actually make
 

00:09:29.040 --> 00:09:30.530 align:start position:0%
that once we do that we'll actually make
multi-train<00:09:29.519><c> infrastructure</c><00:09:30.300><c> more</c>

00:09:30.530 --> 00:09:30.540 align:start position:0%
multi-train infrastructure more
 

00:09:30.540 --> 00:09:34.009 align:start position:0%
multi-train infrastructure more
transparent<00:09:31.260><c> and</c><00:09:31.740><c> secure</c><00:09:32.240><c> while</c><00:09:33.240><c> keeping</c>

00:09:34.009 --> 00:09:34.019 align:start position:0%
transparent and secure while keeping
 

00:09:34.019 --> 00:09:37.910 align:start position:0%
transparent and secure while keeping
teams<00:09:34.740><c> honest</c><00:09:35.580><c> and</c><00:09:36.540><c> it</c><00:09:36.899><c> is</c><00:09:37.019><c> all</c><00:09:37.140><c> about</c><00:09:37.320><c> honesty</c>

00:09:37.910 --> 00:09:37.920 align:start position:0%
teams honest and it is all about honesty
 

00:09:37.920 --> 00:09:39.829 align:start position:0%
teams honest and it is all about honesty
right<00:09:38.160><c> it</c><00:09:38.399><c> is</c><00:09:38.580><c> all</c><00:09:38.700><c> about</c><00:09:38.820><c> proper</c><00:09:39.300><c> disclosures</c>

00:09:39.829 --> 00:09:39.839 align:start position:0%
right it is all about proper disclosures
 

00:09:39.839 --> 00:09:43.490 align:start position:0%
right it is all about proper disclosures
it<00:09:40.620><c> is</c><00:09:40.740><c> all</c><00:09:40.920><c> about</c><00:09:41.100><c> making</c><00:09:41.880><c> sure</c><00:09:42.180><c> that</c><00:09:42.779><c> users</c>

00:09:43.490 --> 00:09:43.500 align:start position:0%
it is all about making sure that users
 

00:09:43.500 --> 00:09:46.190 align:start position:0%
it is all about making sure that users
do<00:09:43.800><c> understand</c><00:09:44.040><c> the</c><00:09:44.399><c> risks</c><00:09:44.760><c> so</c><00:09:45.300><c> what</c><00:09:45.720><c> are</c><00:09:45.959><c> the</c>

00:09:46.190 --> 00:09:46.200 align:start position:0%
do understand the risks so what are the
 

00:09:46.200 --> 00:09:48.050 align:start position:0%
do understand the risks so what are the
risks<00:09:46.560><c> when</c><00:09:46.860><c> you're</c><00:09:47.040><c> actually</c><00:09:47.279><c> using</c><00:09:47.640><c> Bridges</c>

00:09:48.050 --> 00:09:48.060 align:start position:0%
risks when you're actually using Bridges
 

00:09:48.060 --> 00:09:50.630 align:start position:0%
risks when you're actually using Bridges
and<00:09:48.420><c> you</c><00:09:49.019><c> would</c><00:09:49.200><c> be</c><00:09:49.440><c> surprised</c><00:09:49.860><c> how</c><00:09:50.220><c> a</c><00:09:50.459><c> few</c>

00:09:50.630 --> 00:09:50.640 align:start position:0%
and you would be surprised how a few
 

00:09:50.640 --> 00:09:52.970 align:start position:0%
and you would be surprised how a few
people<00:09:50.820><c> actually</c><00:09:51.240><c> do</c><00:09:51.540><c> understand</c><00:09:51.980><c> most</c>

00:09:52.970 --> 00:09:52.980 align:start position:0%
people actually do understand most
 

00:09:52.980 --> 00:09:55.670 align:start position:0%
people actually do understand most
people<00:09:53.220><c> kind</c><00:09:53.760><c> of</c><00:09:53.940><c> think</c><00:09:54.180><c> that</c><00:09:54.660><c> when</c><00:09:55.140><c> funds</c><00:09:55.620><c> are</c>

00:09:55.670 --> 00:09:55.680 align:start position:0%
people kind of think that when funds are
 

00:09:55.680 --> 00:09:58.610 align:start position:0%
people kind of think that when funds are
in<00:09:55.860><c> transit</c><00:09:56.279><c> and</c><00:09:57.240><c> once</c><00:09:57.660><c> they</c><00:09:57.899><c> arrive</c><00:09:58.320><c> to</c><00:09:58.440><c> the</c>

00:09:58.610 --> 00:09:58.620 align:start position:0%
in transit and once they arrive to the
 

00:09:58.620 --> 00:10:00.530 align:start position:0%
in transit and once they arrive to the
destination<00:09:59.040><c> they</c><00:09:59.459><c> should</c><00:09:59.700><c> be</c><00:09:59.820><c> safe</c><00:10:00.060><c> right</c><00:10:00.360><c> so</c>

00:10:00.530 --> 00:10:00.540 align:start position:0%
destination they should be safe right so
 

00:10:00.540 --> 00:10:02.750 align:start position:0%
destination they should be safe right so
it's<00:10:00.720><c> almost</c><00:10:00.899><c> like</c><00:10:01.260><c> you</c><00:10:01.980><c> know</c><00:10:02.100><c> Crossing</c><00:10:02.519><c> the</c>

00:10:02.750 --> 00:10:02.760 align:start position:0%
it's almost like you know Crossing the
 

00:10:02.760 --> 00:10:05.449 align:start position:0%
it's almost like you know Crossing the
the<00:10:03.060><c> bridge</c><00:10:03.240><c> across</c><00:10:03.720><c> the</c><00:10:03.779><c> water</c><00:10:03.959><c> and</c><00:10:04.440><c> and</c><00:10:04.980><c> once</c>

00:10:05.449 --> 00:10:05.459 align:start position:0%
the bridge across the water and and once
 

00:10:05.459 --> 00:10:07.190 align:start position:0%
the bridge across the water and and once
you've<00:10:05.700><c> made</c><00:10:05.820><c> it</c><00:10:06.000><c> to</c><00:10:06.180><c> the</c><00:10:06.420><c> other</c><00:10:06.540><c> side</c><00:10:06.839><c> you</c>

00:10:07.190 --> 00:10:07.200 align:start position:0%
you've made it to the other side you
 

00:10:07.200 --> 00:10:10.009 align:start position:0%
you've made it to the other side you
know<00:10:07.320><c> you're</c><00:10:07.560><c> safe</c><00:10:07.860><c> but</c><00:10:08.760><c> you're</c><00:10:09.120><c> not</c><00:10:09.300><c> you're</c>

00:10:10.009 --> 00:10:10.019 align:start position:0%
know you're safe but you're not you're
 

00:10:10.019 --> 00:10:12.410 align:start position:0%
know you're safe but you're not you're
definitely<00:10:10.380><c> not</c><00:10:10.620><c> safe</c><00:10:10.920><c> and</c><00:10:11.220><c> I</c><00:10:12.000><c> will</c><00:10:12.120><c> try</c><00:10:12.300><c> to</c>

00:10:12.410 --> 00:10:12.420 align:start position:0%
definitely not safe and I will try to
 

00:10:12.420 --> 00:10:14.930 align:start position:0%
definitely not safe and I will try to
explain<00:10:12.660><c> why</c><00:10:13.380><c> but</c><00:10:13.860><c> before</c><00:10:13.980><c> I</c><00:10:14.220><c> do</c><00:10:14.339><c> that</c><00:10:14.459><c> you</c>

00:10:14.930 --> 00:10:14.940 align:start position:0%
explain why but before I do that you
 

00:10:14.940 --> 00:10:17.690 align:start position:0%
explain why but before I do that you
know<00:10:15.060><c> I</c><00:10:15.240><c> will</c><00:10:15.360><c> actually</c><00:10:15.680><c> share</c><00:10:16.680><c> with</c><00:10:16.860><c> you</c><00:10:16.920><c> uh</c>

00:10:17.690 --> 00:10:17.700 align:start position:0%
know I will actually share with you uh
 

00:10:17.700 --> 00:10:19.730 align:start position:0%
know I will actually share with you uh
interesting<00:10:18.120><c> findings</c><00:10:18.600><c> that</c><00:10:19.320><c> you</c><00:10:19.500><c> might</c>

00:10:19.730 --> 00:10:19.740 align:start position:0%
interesting findings that you might
 

00:10:19.740 --> 00:10:23.030 align:start position:0%
interesting findings that you might
actually<00:10:20.459><c> also</c><00:10:20.940><c> find</c><00:10:21.240><c> surprising</c><00:10:21.899><c> so</c><00:10:22.260><c> so</c><00:10:22.740><c> the</c>

00:10:23.030 --> 00:10:23.040 align:start position:0%
actually also find surprising so so the
 

00:10:23.040 --> 00:10:24.590 align:start position:0%
actually also find surprising so so the
first<00:10:23.160><c> one</c><00:10:23.399><c> and</c><00:10:23.700><c> I</c><00:10:23.940><c> think</c><00:10:24.180><c> it's</c><00:10:24.420><c> actually</c>

00:10:24.590 --> 00:10:24.600 align:start position:0%
first one and I think it's actually
 

00:10:24.600 --> 00:10:27.530 align:start position:0%
first one and I think it's actually
quite<00:10:24.839><c> a</c><00:10:25.019><c> big</c><00:10:25.140><c> one</c><00:10:25.380><c> uh</c><00:10:26.339><c> is</c><00:10:26.580><c> the</c><00:10:26.880><c> uh</c><00:10:27.060><c> the</c>

00:10:27.530 --> 00:10:27.540 align:start position:0%
quite a big one uh is the uh the
 

00:10:27.540 --> 00:10:29.449 align:start position:0%
quite a big one uh is the uh the
multi-chain<00:10:28.019><c> multi-chain</c><00:10:28.920><c> is</c><00:10:29.100><c> one</c><00:10:29.279><c> of</c><00:10:29.339><c> the</c>

00:10:29.449 --> 00:10:29.459 align:start position:0%
multi-chain multi-chain is one of the
 

00:10:29.459 --> 00:10:31.630 align:start position:0%
multi-chain multi-chain is one of the
biggest<00:10:29.580><c> Bridges</c><00:10:30.180><c> with</c><00:10:30.480><c> the</c><00:10:30.660><c> biggest</c><00:10:30.899><c> dvl</c>

00:10:31.630 --> 00:10:31.640 align:start position:0%
biggest Bridges with the biggest dvl
 

00:10:31.640 --> 00:10:34.850 align:start position:0%
biggest Bridges with the biggest dvl
turns<00:10:32.640><c> out</c><00:10:32.760><c> that</c><00:10:33.120><c> last</c><00:10:33.360><c> year</c><00:10:33.680><c> they</c><00:10:34.680><c> actually</c>

00:10:34.850 --> 00:10:34.860 align:start position:0%
turns out that last year they actually
 

00:10:34.860 --> 00:10:38.389 align:start position:0%
turns out that last year they actually
removed<00:10:35.339><c> from</c><00:10:35.580><c> escrow</c><00:10:36.140><c> uh</c><00:10:37.140><c> quite</c><00:10:38.040><c> a</c><00:10:38.160><c> lot</c><00:10:38.279><c> of</c>

00:10:38.389 --> 00:10:38.399 align:start position:0%
removed from escrow uh quite a lot of
 

00:10:38.399 --> 00:10:41.389 align:start position:0%
removed from escrow uh quite a lot of
funds<00:10:38.880><c> like</c><00:10:39.660><c> literally</c><00:10:40.440><c> millions</c><00:10:40.860><c> of</c><00:10:41.040><c> dollars</c>

00:10:41.389 --> 00:10:41.399 align:start position:0%
funds like literally millions of dollars
 

00:10:41.399 --> 00:10:44.569 align:start position:0%
funds like literally millions of dollars
so<00:10:41.940><c> normally</c><00:10:42.300><c> for</c><00:10:43.080><c> that</c><00:10:43.320><c> type</c><00:10:43.500><c> of</c><00:10:43.620><c> bridge</c><00:10:44.160><c> you</c>

00:10:44.569 --> 00:10:44.579 align:start position:0%
so normally for that type of bridge you
 

00:10:44.579 --> 00:10:46.910 align:start position:0%
so normally for that type of bridge you
expect<00:10:44.820><c> that</c><00:10:45.300><c> you</c><00:10:45.420><c> put</c><00:10:45.720><c> your</c><00:10:46.260><c> funds</c><00:10:46.560><c> into</c><00:10:46.740><c> the</c>

00:10:46.910 --> 00:10:46.920 align:start position:0%
expect that you put your funds into the
 

00:10:46.920 --> 00:10:48.829 align:start position:0%
expect that you put your funds into the
escrow<00:10:47.279><c> and</c><00:10:48.000><c> on</c><00:10:48.180><c> the</c><00:10:48.300><c> other</c><00:10:48.420><c> side</c><00:10:48.540><c> of</c><00:10:48.720><c> the</c>

00:10:48.829 --> 00:10:48.839 align:start position:0%
escrow and on the other side of the
 

00:10:48.839 --> 00:10:50.949 align:start position:0%
escrow and on the other side of the
bridge<00:10:49.019><c> some</c><00:10:49.380><c> funds</c><00:10:49.740><c> will</c><00:10:49.860><c> be</c><00:10:49.980><c> minted</c><00:10:50.459><c> right</c>

00:10:50.949 --> 00:10:50.959 align:start position:0%
bridge some funds will be minted right
 

00:10:50.959 --> 00:10:54.949 align:start position:0%
bridge some funds will be minted right
and<00:10:51.959><c> when</c><00:10:52.200><c> you</c><00:10:52.380><c> go</c><00:10:52.620><c> back</c><00:10:52.920><c> uh</c><00:10:53.880><c> the</c><00:10:54.180><c> funds</c><00:10:54.540><c> from</c>

00:10:54.949 --> 00:10:54.959 align:start position:0%
and when you go back uh the funds from
 

00:10:54.959 --> 00:10:57.230 align:start position:0%
and when you go back uh the funds from
the<00:10:55.140><c> destination</c><00:10:55.560><c> they</c><00:10:55.860><c> will</c><00:10:55.980><c> be</c><00:10:56.100><c> burned</c><00:10:56.459><c> and</c>

00:10:57.230 --> 00:10:57.240 align:start position:0%
the destination they will be burned and
 

00:10:57.240 --> 00:10:59.150 align:start position:0%
the destination they will be burned and
the<00:10:57.480><c> validators</c><00:10:58.019><c> will</c><00:10:58.260><c> release</c><00:10:58.500><c> the</c><00:10:58.860><c> funds</c>

00:10:59.150 --> 00:10:59.160 align:start position:0%
the validators will release the funds
 

00:10:59.160 --> 00:11:01.490 align:start position:0%
the validators will release the funds
from<00:10:59.279><c> the</c><00:10:59.459><c> escrow</c><00:10:59.959><c> turns</c><00:11:00.959><c> out</c><00:11:01.019><c> that</c><00:11:01.260><c> you</c><00:11:01.380><c> know</c>

00:11:01.490 --> 00:11:01.500 align:start position:0%
from the escrow turns out that you know
 

00:11:01.500 --> 00:11:04.009 align:start position:0%
from the escrow turns out that you know
in<00:11:01.740><c> this</c><00:11:01.860><c> particular</c><00:11:02.220><c> case</c><00:11:03.019><c> validators</c>

00:11:04.009 --> 00:11:04.019 align:start position:0%
in this particular case validators
 

00:11:04.019 --> 00:11:05.810 align:start position:0%
in this particular case validators
actually<00:11:04.320><c> took</c><00:11:04.680><c> funds</c><00:11:05.100><c> out</c><00:11:05.220><c> of</c><00:11:05.339><c> the</c><00:11:05.459><c> escrow</c>

00:11:05.810 --> 00:11:05.820 align:start position:0%
actually took funds out of the escrow
 

00:11:05.820 --> 00:11:08.750 align:start position:0%
actually took funds out of the escrow
without<00:11:06.240><c> actually</c><00:11:06.720><c> burning</c><00:11:07.260><c> them</c><00:11:07.760><c> from</c>

00:11:08.750 --> 00:11:08.760 align:start position:0%
without actually burning them from
 

00:11:08.760 --> 00:11:11.690 align:start position:0%
without actually burning them from
destination<00:11:09.360><c> so</c><00:11:09.660><c> that</c><00:11:09.779><c> was</c><00:11:09.959><c> odd</c><00:11:10.320><c> and</c><00:11:11.279><c> the</c><00:11:11.579><c> the</c>

00:11:11.690 --> 00:11:11.700 align:start position:0%
destination so that was odd and the the
 

00:11:11.700 --> 00:11:14.650 align:start position:0%
destination so that was odd and the the
amount<00:11:12.000><c> was</c><00:11:12.240><c> very</c><00:11:12.600><c> significant</c>

00:11:14.650 --> 00:11:14.660 align:start position:0%
amount was very significant
 

00:11:14.660 --> 00:11:18.410 align:start position:0%
amount was very significant
and<00:11:15.660><c> it</c><00:11:16.140><c> seems</c><00:11:16.380><c> like</c><00:11:16.500><c> no</c><00:11:17.220><c> one</c><00:11:17.399><c> cared</c><00:11:17.760><c> like</c>

00:11:18.410 --> 00:11:18.420 align:start position:0%
and it seems like no one cared like
 

00:11:18.420 --> 00:11:20.389 align:start position:0%
and it seems like no one cared like
people<00:11:18.779><c> were</c><00:11:19.260><c> not</c><00:11:19.500><c> really</c><00:11:19.620><c> aware</c><00:11:19.980><c> that</c><00:11:20.220><c> that</c>

00:11:20.389 --> 00:11:20.399 align:start position:0%
people were not really aware that that
 

00:11:20.399 --> 00:11:22.670 align:start position:0%
people were not really aware that that
was<00:11:20.579><c> happening</c><00:11:20.940><c> and</c><00:11:21.300><c> just</c><00:11:21.600><c> the</c><00:11:21.779><c> fact</c><00:11:22.019><c> that</c><00:11:22.380><c> it</c>

00:11:22.670 --> 00:11:22.680 align:start position:0%
was happening and just the fact that it
 

00:11:22.680 --> 00:11:25.430 align:start position:0%
was happening and just the fact that it
is<00:11:22.860><c> possible</c><00:11:23.220><c> for</c><00:11:23.519><c> the</c><00:11:23.640><c> validators</c><00:11:24.320><c> to</c><00:11:25.320><c> take</c>

00:11:25.430 --> 00:11:25.440 align:start position:0%
is possible for the validators to take
 

00:11:25.440 --> 00:11:27.829 align:start position:0%
is possible for the validators to take
funds<00:11:25.860><c> out</c><00:11:26.040><c> of</c><00:11:26.160><c> the</c><00:11:26.279><c> escrow</c><00:11:26.640><c> uh</c><00:11:27.480><c> this</c><00:11:27.660><c> is</c><00:11:27.720><c> the</c>

00:11:27.829 --> 00:11:27.839 align:start position:0%
funds out of the escrow uh this is the
 

00:11:27.839 --> 00:11:29.150 align:start position:0%
funds out of the escrow uh this is the
risk<00:11:28.079><c> assumption</c><00:11:28.440><c> that</c><00:11:28.620><c> you</c><00:11:28.800><c> know</c><00:11:28.860><c> you</c><00:11:29.040><c> should</c>

00:11:29.150 --> 00:11:29.160 align:start position:0%
risk assumption that you know you should
 

00:11:29.160 --> 00:11:31.550 align:start position:0%
risk assumption that you know you should
be<00:11:29.279><c> all</c><00:11:29.399><c> aware</c><00:11:29.640><c> of</c><00:11:29.820><c> right</c><00:11:30.600><c> if</c><00:11:31.019><c> you're</c><00:11:31.140><c> using</c>

00:11:31.550 --> 00:11:31.560 align:start position:0%
be all aware of right if you're using
 

00:11:31.560 --> 00:11:33.170 align:start position:0%
be all aware of right if you're using
the<00:11:31.740><c> bridge</c><00:11:31.860><c> that's</c><00:11:32.220><c> externally</c><00:11:32.700><c> validated</c>

00:11:33.170 --> 00:11:33.180 align:start position:0%
the bridge that's externally validated
 

00:11:33.180 --> 00:11:34.790 align:start position:0%
the bridge that's externally validated
that's<00:11:33.480><c> the</c><00:11:33.720><c> thing</c><00:11:33.899><c> you</c><00:11:34.140><c> know</c><00:11:34.200><c> they</c><00:11:34.440><c> can</c><00:11:34.620><c> all</c>

00:11:34.790 --> 00:11:34.800 align:start position:0%
that's the thing you know they can all
 

00:11:34.800 --> 00:11:36.829 align:start position:0%
that's the thing you know they can all
take<00:11:35.040><c> your</c><00:11:35.220><c> funds</c><00:11:35.700><c> so</c><00:11:36.240><c> in</c><00:11:36.360><c> this</c><00:11:36.540><c> particular</c>

00:11:36.829 --> 00:11:36.839 align:start position:0%
take your funds so in this particular
 

00:11:36.839 --> 00:11:38.990 align:start position:0%
take your funds so in this particular
instance<00:11:37.380><c> apparently</c><00:11:38.040><c> the</c><00:11:38.339><c> funds</c><00:11:38.640><c> were</c><00:11:38.820><c> used</c>

00:11:38.990 --> 00:11:39.000 align:start position:0%
instance apparently the funds were used
 

00:11:39.000 --> 00:11:42.650 align:start position:0%
instance apparently the funds were used
to<00:11:39.300><c> provide</c><00:11:39.600><c> liquidity</c><00:11:40.200><c> uh</c><00:11:41.160><c> to</c><00:11:41.399><c> any</c><00:11:41.640><c> tokens</c><00:11:42.180><c> on</c>

00:11:42.650 --> 00:11:42.660 align:start position:0%
to provide liquidity uh to any tokens on
 

00:11:42.660 --> 00:11:45.290 align:start position:0%
to provide liquidity uh to any tokens on
on<00:11:42.959><c> a</c><00:11:43.140><c> lot</c><00:11:43.260><c> of</c><00:11:43.320><c> different</c><00:11:43.560><c> chains</c><00:11:44.100><c> and</c><00:11:44.940><c> to</c><00:11:45.180><c> make</c>

00:11:45.290 --> 00:11:45.300 align:start position:0%
on a lot of different chains and to make
 

00:11:45.300 --> 00:11:46.670 align:start position:0%
on a lot of different chains and to make
sure<00:11:45.480><c> that</c><00:11:45.720><c> this</c><00:11:45.839><c> is</c><00:11:45.959><c> exactly</c><00:11:46.320><c> what</c><00:11:46.500><c> happened</c>

00:11:46.670 --> 00:11:46.680 align:start position:0%
sure that this is exactly what happened
 

00:11:46.680 --> 00:11:48.710 align:start position:0%
sure that this is exactly what happened
you<00:11:46.980><c> would</c><00:11:47.160><c> have</c><00:11:47.279><c> to</c><00:11:47.399><c> like</c><00:11:47.640><c> go</c><00:11:48.240><c> to</c><00:11:48.360><c> all</c><00:11:48.600><c> the</c>

00:11:48.710 --> 00:11:48.720 align:start position:0%
you would have to like go to all the
 

00:11:48.720 --> 00:11:50.449 align:start position:0%
you would have to like go to all the
other<00:11:48.839><c> chains</c><00:11:49.320><c> and</c><00:11:49.440><c> check</c><00:11:49.680><c> it</c><00:11:49.860><c> out</c><00:11:49.980><c> but</c><00:11:50.279><c> you</c>

00:11:50.449 --> 00:11:50.459 align:start position:0%
other chains and check it out but you
 

00:11:50.459 --> 00:11:52.370 align:start position:0%
other chains and check it out but you
know<00:11:50.579><c> my</c><00:11:50.820><c> question</c><00:11:51.000><c> to</c><00:11:51.420><c> uh</c><00:11:51.839><c> to</c><00:11:52.260><c> the</c>

00:11:52.370 --> 00:11:52.380 align:start position:0%
know my question to uh to the
 

00:11:52.380 --> 00:11:54.590 align:start position:0%
know my question to uh to the
multi-chain<00:11:52.860><c> team</c><00:11:53.160><c> is</c><00:11:53.459><c> uh</c><00:11:53.940><c> was</c><00:11:54.180><c> this</c><00:11:54.300><c> part</c><00:11:54.480><c> of</c>

00:11:54.590 --> 00:11:54.600 align:start position:0%
multi-chain team is uh was this part of
 

00:11:54.600 --> 00:11:57.889 align:start position:0%
multi-chain team is uh was this part of
the<00:11:54.779><c> contract</c><00:11:55.079><c> right</c><00:11:55.760><c> uh</c><00:11:56.760><c> worry</c><00:11:57.180><c> users</c><00:11:57.540><c> aware</c>

00:11:57.889 --> 00:11:57.899 align:start position:0%
the contract right uh worry users aware
 

00:11:57.899 --> 00:12:00.530 align:start position:0%
the contract right uh worry users aware
and<00:11:58.260><c> what</c><00:11:58.500><c> is</c><00:11:58.620><c> the</c><00:11:58.800><c> consequence</c><00:11:59.339><c> can</c><00:12:00.300><c> actually</c>

00:12:00.530 --> 00:12:00.540 align:start position:0%
and what is the consequence can actually
 

00:12:00.540 --> 00:12:03.889 align:start position:0%
and what is the consequence can actually
users<00:12:00.959><c> withdraw</c><00:12:01.620><c> all</c><00:12:02.160><c> their</c><00:12:02.339><c> funds</c><00:12:02.820><c> and</c><00:12:03.720><c> more</c>

00:12:03.889 --> 00:12:03.899 align:start position:0%
users withdraw all their funds and more
 

00:12:03.899 --> 00:12:07.190 align:start position:0%
users withdraw all their funds and more
importantly<00:12:04.320><c> uh</c><00:12:05.760><c> what</c><00:12:06.300><c> is</c><00:12:06.480><c> this</c><00:12:06.600><c> additional</c>

00:12:07.190 --> 00:12:07.200 align:start position:0%
importantly uh what is this additional
 

00:12:07.200 --> 00:12:09.410 align:start position:0%
importantly uh what is this additional
trust<00:12:07.920><c> assumption</c><00:12:08.399><c> uh</c><00:12:09.000><c> because</c><00:12:09.180><c> it</c>

00:12:09.410 --> 00:12:09.420 align:start position:0%
trust assumption uh because it
 

00:12:09.420 --> 00:12:11.210 align:start position:0%
trust assumption uh because it
validators<00:12:10.019><c> can</c><00:12:10.320><c> remove</c><00:12:10.500><c> funds</c><00:12:10.920><c> from</c><00:12:11.040><c> the</c>

00:12:11.210 --> 00:12:11.220 align:start position:0%
validators can remove funds from the
 

00:12:11.220 --> 00:12:12.949 align:start position:0%
validators can remove funds from the
escrow<00:12:11.579><c> uh</c><00:12:12.180><c> they</c><00:12:12.300><c> can</c><00:12:12.420><c> do</c><00:12:12.540><c> all</c><00:12:12.660><c> sorts</c><00:12:12.959><c> of</c>

00:12:12.949 --> 00:12:12.959 align:start position:0%
escrow uh they can do all sorts of
 

00:12:12.959 --> 00:12:14.870 align:start position:0%
escrow uh they can do all sorts of
things<00:12:13.140><c> as</c><00:12:13.380><c> well</c><00:12:13.500><c> right</c><00:12:13.800><c> and</c><00:12:14.399><c> how</c><00:12:14.640><c> do</c><00:12:14.700><c> you</c>

00:12:14.870 --> 00:12:14.880 align:start position:0%
things as well right and how do you
 

00:12:14.880 --> 00:12:17.090 align:start position:0%
things as well right and how do you
actually<00:12:15.000><c> monitor</c><00:12:15.420><c> uh</c><00:12:15.899><c> what</c><00:12:16.140><c> they're</c><00:12:16.260><c> doing</c>

00:12:17.090 --> 00:12:17.100 align:start position:0%
actually monitor uh what they're doing
 

00:12:17.100 --> 00:12:20.449 align:start position:0%
actually monitor uh what they're doing
so<00:12:17.579><c> this</c><00:12:17.760><c> one</c><00:12:18.440><c> then</c><00:12:19.440><c> you</c><00:12:19.680><c> have</c><00:12:19.800><c> something</c>

00:12:20.449 --> 00:12:20.459 align:start position:0%
so this one then you have something
 

00:12:20.459 --> 00:12:23.329 align:start position:0%
so this one then you have something
called<00:12:21.300><c> plasma</c><00:12:21.839><c> Bridge</c><00:12:22.079><c> uh</c><00:12:22.860><c> some</c><00:12:23.040><c> of</c><00:12:23.220><c> you</c>

00:12:23.329 --> 00:12:23.339 align:start position:0%
called plasma Bridge uh some of you
 

00:12:23.339 --> 00:12:25.490 align:start position:0%
called plasma Bridge uh some of you
again<00:12:23.760><c> might</c><00:12:24.360><c> be</c><00:12:24.480><c> aware</c><00:12:24.720><c> of</c><00:12:24.839><c> because</c><00:12:25.019><c> this</c><00:12:25.380><c> is</c>

00:12:25.490 --> 00:12:25.500 align:start position:0%
again might be aware of because this is
 

00:12:25.500 --> 00:12:28.550 align:start position:0%
again might be aware of because this is
uh<00:12:25.860><c> one</c><00:12:26.399><c> of</c><00:12:26.519><c> the</c><00:12:26.640><c> two</c><00:12:26.820><c> Bridges</c><00:12:27.360><c> uh</c><00:12:28.079><c> that</c><00:12:28.380><c> you</c>

00:12:28.550 --> 00:12:28.560 align:start position:0%
uh one of the two Bridges uh that you
 

00:12:28.560 --> 00:12:31.210 align:start position:0%
uh one of the two Bridges uh that you
normally<00:12:28.860><c> use</c><00:12:29.040><c> to</c><00:12:29.279><c> move</c><00:12:29.399><c> tokens</c><00:12:29.820><c> to</c><00:12:30.000><c> polygon</c>

00:12:31.210 --> 00:12:31.220 align:start position:0%
normally use to move tokens to polygon
 

00:12:31.220 --> 00:12:34.430 align:start position:0%
normally use to move tokens to polygon
and<00:12:32.220><c> this</c><00:12:32.820><c> particular</c><00:12:33.180><c> one</c><00:12:33.540><c> has</c><00:12:34.079><c> a</c><00:12:34.320><c> very</c>

00:12:34.430 --> 00:12:34.440 align:start position:0%
and this particular one has a very
 

00:12:34.440 --> 00:12:36.410 align:start position:0%
and this particular one has a very
interesting<00:12:34.800><c> documentation</c><00:12:35.459><c> it</c><00:12:35.880><c> says</c><00:12:36.060><c> in</c><00:12:36.300><c> the</c>

00:12:36.410 --> 00:12:36.420 align:start position:0%
interesting documentation it says in the
 

00:12:36.420 --> 00:12:39.110 align:start position:0%
interesting documentation it says in the
documentation<00:12:36.959><c> that</c><00:12:37.440><c> it</c><00:12:38.100><c> provides</c><00:12:38.640><c> increased</c>

00:12:39.110 --> 00:12:39.120 align:start position:0%
documentation that it provides increased
 

00:12:39.120 --> 00:12:40.670 align:start position:0%
documentation that it provides increased
security<00:12:39.240><c> grantees</c><00:12:39.959><c> because</c><00:12:40.200><c> there's</c><00:12:40.440><c> a</c>

00:12:40.670 --> 00:12:40.680 align:start position:0%
security grantees because there's a
 

00:12:40.680 --> 00:12:42.470 align:start position:0%
security grantees because there's a
seven<00:12:40.800><c> day</c><00:12:40.980><c> withdrawal</c><00:12:41.459><c> period</c><00:12:41.820><c> and</c><00:12:42.300><c> during</c>

00:12:42.470 --> 00:12:42.480 align:start position:0%
seven day withdrawal period and during
 

00:12:42.480 --> 00:12:46.310 align:start position:0%
seven day withdrawal period and during
that<00:12:42.720><c> period</c><00:12:43.019><c> you</c><00:12:43.320><c> can</c><00:12:43.440><c> challenge</c><00:12:43.740><c> uh</c>

00:12:46.310 --> 00:12:46.320 align:start position:0%
that period you can challenge uh
 

00:12:46.320 --> 00:12:49.250 align:start position:0%
that period you can challenge uh
um validators<00:12:47.100><c> from</c><00:12:47.639><c> polygons</c><00:12:48.120><c> so</c><00:12:48.540><c> it's</c><00:12:49.079><c> kind</c>

00:12:49.250 --> 00:12:49.260 align:start position:0%
um validators from polygons so it's kind
 

00:12:49.260 --> 00:12:51.430 align:start position:0%
um validators from polygons so it's kind
of<00:12:49.380><c> like</c><00:12:49.560><c> a</c><00:12:49.920><c> plasma</c>

00:12:51.430 --> 00:12:51.440 align:start position:0%
of like a plasma
 

00:12:51.440 --> 00:12:54.230 align:start position:0%
of like a plasma
exit<00:12:52.440><c> mechanism</c>

00:12:54.230 --> 00:12:54.240 align:start position:0%
exit mechanism
 

00:12:54.240 --> 00:12:55.629 align:start position:0%
exit mechanism
however

00:12:55.629 --> 00:12:55.639 align:start position:0%
however
 

00:12:55.639 --> 00:12:58.910 align:start position:0%
however
the<00:12:56.639><c> best</c><00:12:56.880><c> of</c><00:12:57.060><c> my</c><00:12:57.240><c> knowledge</c><00:12:57.600><c> uh</c><00:12:58.500><c> this</c><00:12:58.740><c> was</c>

00:12:58.910 --> 00:12:58.920 align:start position:0%
the best of my knowledge uh this was
 

00:12:58.920 --> 00:13:01.250 align:start position:0%
the best of my knowledge uh this was
actually<00:12:59.160><c> implemented</c><00:13:00.000><c> and</c><00:13:00.480><c> deployed</c><00:13:00.959><c> on</c><00:13:01.079><c> a</c>

00:13:01.250 --> 00:13:01.260 align:start position:0%
actually implemented and deployed on a
 

00:13:01.260 --> 00:13:03.050 align:start position:0%
actually implemented and deployed on a
test<00:13:01.380><c> net</c><00:13:01.560><c> but</c><00:13:02.040><c> it</c><00:13:02.160><c> was</c><00:13:02.279><c> never</c><00:13:02.459><c> deployed</c><00:13:02.880><c> in</c><00:13:02.940><c> a</c>

00:13:03.050 --> 00:13:03.060 align:start position:0%
test net but it was never deployed in a
 

00:13:03.060 --> 00:13:04.430 align:start position:0%
test net but it was never deployed in a
mainnet<00:13:03.480><c> right</c><00:13:03.660><c> so</c><00:13:03.839><c> if</c><00:13:03.959><c> you</c><00:13:04.079><c> look</c><00:13:04.200><c> at</c><00:13:04.380><c> the</c>

00:13:04.430 --> 00:13:04.440 align:start position:0%
mainnet right so if you look at the
 

00:13:04.440 --> 00:13:06.170 align:start position:0%
mainnet right so if you look at the
mainnet<00:13:04.860><c> code</c><00:13:05.100><c> and</c><00:13:05.639><c> by</c><00:13:05.820><c> the</c><00:13:05.880><c> way</c><00:13:05.940><c> who's</c>

00:13:06.170 --> 00:13:06.180 align:start position:0%
mainnet code and by the way who's
 

00:13:06.180 --> 00:13:07.730 align:start position:0%
mainnet code and by the way who's
looking<00:13:06.420><c> at</c><00:13:06.660><c> the</c><00:13:06.779><c> main</c><00:13:06.899><c> code</c><00:13:07.260><c> of</c><00:13:07.500><c> the</c><00:13:07.620><c> bridge</c>

00:13:07.730 --> 00:13:07.740 align:start position:0%
looking at the main code of the bridge
 

00:13:07.740 --> 00:13:09.530 align:start position:0%
looking at the main code of the bridge
you<00:13:08.040><c> know</c><00:13:08.160><c> the</c><00:13:08.459><c> contract</c><00:13:08.700><c> probably</c><00:13:09.000><c> very</c><00:13:09.360><c> very</c>

00:13:09.530 --> 00:13:09.540 align:start position:0%
you know the contract probably very very
 

00:13:09.540 --> 00:13:10.930 align:start position:0%
you know the contract probably very very
few<00:13:09.839><c> of</c><00:13:10.019><c> you</c>

00:13:10.930 --> 00:13:10.940 align:start position:0%
few of you
 

00:13:10.940 --> 00:13:14.389 align:start position:0%
few of you
you'll<00:13:11.940><c> see</c><00:13:12.120><c> that</c><00:13:12.540><c> the</c><00:13:13.139><c> method</c><00:13:13.560><c> that</c><00:13:14.100><c> allows</c>

00:13:14.389 --> 00:13:14.399 align:start position:0%
you'll see that the method that allows
 

00:13:14.399 --> 00:13:16.129 align:start position:0%
you'll see that the method that allows
you<00:13:14.519><c> to</c><00:13:14.700><c> actually</c><00:13:14.940><c> challenge</c><00:13:15.360><c> the</c><00:13:15.720><c> validate</c>

00:13:16.129 --> 00:13:16.139 align:start position:0%
you to actually challenge the validate
 

00:13:16.139 --> 00:13:19.009 align:start position:0%
you to actually challenge the validate
this<00:13:16.380><c> is</c><00:13:16.620><c> empty</c><00:13:16.920><c> right</c><00:13:17.100><c> you</c><00:13:17.399><c> can't</c><00:13:17.519><c> do</c><00:13:17.820><c> that</c><00:13:18.060><c> so</c>

00:13:19.009 --> 00:13:19.019 align:start position:0%
this is empty right you can't do that so
 

00:13:19.019 --> 00:13:21.610 align:start position:0%
this is empty right you can't do that so
frankly<00:13:19.380><c> the</c><00:13:19.560><c> plasma</c><00:13:19.920><c> bridge</c><00:13:20.160><c> right</c><00:13:20.519><c> now</c>

00:13:21.610 --> 00:13:21.620 align:start position:0%
frankly the plasma bridge right now
 

00:13:21.620 --> 00:13:24.710 align:start position:0%
frankly the plasma bridge right now
has<00:13:22.620><c> the</c><00:13:23.279><c> same</c><00:13:23.399><c> security</c><00:13:23.700><c> assumptions</c><00:13:24.360><c> as</c><00:13:24.600><c> the</c>

00:13:24.710 --> 00:13:24.720 align:start position:0%
has the same security assumptions as the
 

00:13:24.720 --> 00:13:26.210 align:start position:0%
has the same security assumptions as the
POS<00:13:24.839><c> Bridge</c><00:13:25.320><c> the</c><00:13:25.560><c> main</c><00:13:25.680><c> bridge</c><00:13:25.860><c> that</c><00:13:26.100><c> you</c>

00:13:26.210 --> 00:13:26.220 align:start position:0%
POS Bridge the main bridge that you
 

00:13:26.220 --> 00:13:29.150 align:start position:0%
POS Bridge the main bridge that you
normally<00:13:26.459><c> use</c><00:13:26.639><c> the</c><00:13:26.820><c> polygon</c><00:13:27.360><c> and</c><00:13:28.320><c> it's</c><00:13:28.920><c> got</c>

00:13:29.150 --> 00:13:29.160 align:start position:0%
normally use the polygon and it's got
 

00:13:29.160 --> 00:13:31.850 align:start position:0%
normally use the polygon and it's got
this<00:13:29.339><c> user</c><00:13:29.820><c> nuisance</c><00:13:30.540><c> of</c><00:13:31.500><c> seven</c><00:13:31.620><c> day</c>

00:13:31.850 --> 00:13:31.860 align:start position:0%
this user nuisance of seven day
 

00:13:31.860 --> 00:13:33.410 align:start position:0%
this user nuisance of seven day
withdrawal<00:13:32.279><c> period</c>

00:13:33.410 --> 00:13:33.420 align:start position:0%
withdrawal period
 

00:13:33.420 --> 00:13:34.850 align:start position:0%
withdrawal period
and<00:13:33.899><c> the</c><00:13:34.019><c> last</c><00:13:34.139><c> one</c><00:13:34.260><c> that</c><00:13:34.440><c> I</c><00:13:34.560><c> wanted</c><00:13:34.680><c> to</c>

00:13:34.850 --> 00:13:34.860 align:start position:0%
and the last one that I wanted to
 

00:13:34.860 --> 00:13:38.810 align:start position:0%
and the last one that I wanted to
mention<00:13:35.100><c> uh</c><00:13:35.880><c> which</c><00:13:36.360><c> in</c><00:13:37.260><c> the</c><00:13:37.440><c> documentation</c><00:13:38.040><c> uh</c>

00:13:38.810 --> 00:13:38.820 align:start position:0%
mention uh which in the documentation uh
 

00:13:38.820 --> 00:13:41.090 align:start position:0%
mention uh which in the documentation uh
the<00:13:39.060><c> risks</c><00:13:39.360><c> were</c><00:13:39.480><c> properly</c><00:13:39.839><c> disclosed</c><00:13:40.500><c> but</c>

00:13:41.090 --> 00:13:41.100 align:start position:0%
the risks were properly disclosed but
 

00:13:41.100 --> 00:13:42.530 align:start position:0%
the risks were properly disclosed but
again<00:13:41.279><c> I</c><00:13:41.579><c> think</c><00:13:41.700><c> that</c><00:13:41.880><c> the</c><00:13:42.000><c> user</c><00:13:42.240><c> should</c><00:13:42.420><c> be</c>

00:13:42.530 --> 00:13:42.540 align:start position:0%
again I think that the user should be
 

00:13:42.540 --> 00:13:46.009 align:start position:0%
again I think that the user should be
aware<00:13:42.779><c> of</c><00:13:42.899><c> that</c><00:13:43.880><c> if</c><00:13:44.880><c> you</c><00:13:45.060><c> use</c><00:13:45.240><c> the</c><00:13:45.420><c> Omni</c><00:13:45.839><c> bridge</c>

00:13:46.009 --> 00:13:46.019 align:start position:0%
aware of that if you use the Omni bridge
 

00:13:46.019 --> 00:13:49.329 align:start position:0%
aware of that if you use the Omni bridge
to<00:13:46.680><c> move</c><00:13:46.800><c> your</c><00:13:46.980><c> funds</c><00:13:47.339><c> to</c><00:13:47.399><c> the</c><00:13:47.579><c> X</c><00:13:47.700><c> di</c><00:13:48.000><c> chain</c>

00:13:49.329 --> 00:13:49.339 align:start position:0%
to move your funds to the X di chain
 

00:13:49.339 --> 00:13:52.370 align:start position:0%
to move your funds to the X di chain
they<00:13:50.339><c> might</c><00:13:50.760><c> invest</c><00:13:51.240><c> some</c><00:13:51.600><c> of</c><00:13:51.779><c> these</c><00:13:52.019><c> funds</c>

00:13:52.370 --> 00:13:52.380 align:start position:0%
they might invest some of these funds
 

00:13:52.380 --> 00:13:54.230 align:start position:0%
they might invest some of these funds
they<00:13:52.800><c> might</c><00:13:53.040><c> actually</c><00:13:53.220><c> put</c><00:13:53.519><c> the</c><00:13:53.760><c> funds</c><00:13:54.120><c> that</c>

00:13:54.230 --> 00:13:54.240 align:start position:0%
they might actually put the funds that
 

00:13:54.240 --> 00:13:55.990 align:start position:0%
they might actually put the funds that
you<00:13:54.420><c> normally</c><00:13:54.660><c> expect</c><00:13:54.839><c> to</c><00:13:55.139><c> be</c><00:13:55.260><c> in</c><00:13:55.380><c> the</c><00:13:55.500><c> escrow</c>

00:13:55.990 --> 00:13:56.000 align:start position:0%
you normally expect to be in the escrow
 

00:13:56.000 --> 00:13:59.090 align:start position:0%
you normally expect to be in the escrow
into<00:13:57.000><c> other</c><00:13:57.360><c> into</c><00:13:57.779><c> compound</c><00:13:58.320><c> or</c><00:13:58.740><c> whatever</c>

00:13:59.090 --> 00:13:59.100 align:start position:0%
into other into compound or whatever
 

00:13:59.100 --> 00:14:00.769 align:start position:0%
into other into compound or whatever
they<00:13:59.459><c> like</c><00:13:59.639><c> actually</c><00:13:59.880><c> right</c><00:14:00.240><c> so</c><00:14:00.420><c> normally</c>

00:14:00.769 --> 00:14:00.779 align:start position:0%
they like actually right so normally
 

00:14:00.779 --> 00:14:01.750 align:start position:0%
they like actually right so normally
it's<00:14:00.959><c> called</c>

00:14:01.750 --> 00:14:01.760 align:start position:0%
it's called
 

00:14:01.760 --> 00:14:03.949 align:start position:0%
it's called
re-hypothetication<00:14:02.760><c> This</c><00:14:03.540><c> is</c><00:14:03.660><c> the</c><00:14:03.779><c> practice</c>

00:14:03.949 --> 00:14:03.959 align:start position:0%
re-hypothetication This is the practice
 

00:14:03.959 --> 00:14:05.509 align:start position:0%
re-hypothetication This is the practice
where<00:14:04.380><c> you</c><00:14:04.560><c> know</c><00:14:04.620><c> banks</c><00:14:04.980><c> are</c><00:14:05.100><c> using</c><00:14:05.399><c> your</c>

00:14:05.509 --> 00:14:05.519 align:start position:0%
where you know banks are using your
 

00:14:05.519 --> 00:14:07.730 align:start position:0%
where you know banks are using your
funds<00:14:06.120><c> to</c><00:14:06.420><c> actually</c><00:14:06.600><c> invest</c><00:14:06.959><c> them</c><00:14:07.139><c> and</c><00:14:07.500><c> you're</c>

00:14:07.730 --> 00:14:07.740 align:start position:0%
funds to actually invest them and you're
 

00:14:07.740 --> 00:14:09.470 align:start position:0%
funds to actually invest them and you're
running<00:14:07.920><c> into</c><00:14:08.160><c> liquidity</c><00:14:08.700><c> risk</c><00:14:09.120><c> potentially</c>

00:14:09.470 --> 00:14:09.480 align:start position:0%
running into liquidity risk potentially
 

00:14:09.480 --> 00:14:12.650 align:start position:0%
running into liquidity risk potentially
if<00:14:10.380><c> you</c><00:14:10.500><c> were</c><00:14:10.680><c> to</c><00:14:10.800><c> withdraw</c><00:14:11.220><c> all</c><00:14:11.459><c> the</c><00:14:11.639><c> funds</c><00:14:11.940><c> it</c>

00:14:12.650 --> 00:14:12.660 align:start position:0%
if you were to withdraw all the funds it
 

00:14:12.660 --> 00:14:14.569 align:start position:0%
if you were to withdraw all the funds it
uh<00:14:13.019><c> they</c><00:14:13.260><c> may</c><00:14:13.380><c> not</c><00:14:13.500><c> be</c><00:14:13.680><c> available</c><00:14:13.800><c> they</c><00:14:14.399><c> might</c>

00:14:14.569 --> 00:14:14.579 align:start position:0%
uh they may not be available they might
 

00:14:14.579 --> 00:14:18.170 align:start position:0%
uh they may not be available they might
be<00:14:14.700><c> like</c><00:14:14.880><c> locked</c><00:14:15.360><c> somewhere</c><00:14:16.040><c> in</c><00:14:17.040><c> in</c><00:14:17.220><c> sayava</c><00:14:18.060><c> or</c>

00:14:18.170 --> 00:14:18.180 align:start position:0%
be like locked somewhere in in sayava or
 

00:14:18.180 --> 00:14:19.790 align:start position:0%
be like locked somewhere in in sayava or
whatnot<00:14:18.600><c> right</c><00:14:18.779><c> so</c><00:14:19.079><c> the</c><00:14:19.260><c> whole</c><00:14:19.380><c> process</c><00:14:19.620><c> is</c>

00:14:19.790 --> 00:14:19.800 align:start position:0%
whatnot right so the whole process is
 

00:14:19.800 --> 00:14:21.829 align:start position:0%
whatnot right so the whole process is
very<00:14:19.980><c> transparent</c><00:14:20.579><c> but</c><00:14:20.880><c> the</c><00:14:21.180><c> power</c><00:14:21.360><c> of</c><00:14:21.600><c> value</c>

00:14:21.829 --> 00:14:21.839 align:start position:0%
very transparent but the power of value
 

00:14:21.839 --> 00:14:23.870 align:start position:0%
very transparent but the power of value
data<00:14:22.260><c> is</c><00:14:22.320><c> to</c><00:14:22.440><c> actually</c><00:14:22.560><c> do</c><00:14:22.800><c> that</c><00:14:22.980><c> may</c><00:14:23.820><c> be</c>

00:14:23.870 --> 00:14:23.880 align:start position:0%
data is to actually do that may be
 

00:14:23.880 --> 00:14:27.110 align:start position:0%
data is to actually do that may be
surprising<00:14:24.300><c> to</c><00:14:24.420><c> some</c><00:14:24.600><c> of</c><00:14:24.779><c> you</c><00:14:25.040><c> because</c><00:14:26.040><c> again</c>

00:14:27.110 --> 00:14:27.120 align:start position:0%
surprising to some of you because again
 

00:14:27.120 --> 00:14:29.210 align:start position:0%
surprising to some of you because again
is<00:14:27.720><c> a</c><00:14:27.959><c> question</c><00:14:28.139><c> uh</c><00:14:28.680><c> what</c><00:14:28.860><c> are</c><00:14:28.980><c> the</c><00:14:29.100><c> security</c>

00:14:29.210 --> 00:14:29.220 align:start position:0%
is a question uh what are the security
 

00:14:29.220 --> 00:14:32.030 align:start position:0%
is a question uh what are the security
assumptions<00:14:29.880><c> right</c><00:14:30.260><c> and</c><00:14:31.260><c> what</c><00:14:31.800><c> do</c><00:14:31.980><c> you</c>

00:14:32.030 --> 00:14:32.040 align:start position:0%
assumptions right and what do you
 

00:14:32.040 --> 00:14:33.710 align:start position:0%
assumptions right and what do you
normally<00:14:32.339><c> expect</c><00:14:32.519><c> when</c><00:14:32.880><c> you</c><00:14:33.000><c> put</c><00:14:33.180><c> the</c><00:14:33.360><c> funds</c>

00:14:33.710 --> 00:14:33.720 align:start position:0%
normally expect when you put the funds
 

00:14:33.720 --> 00:14:35.870 align:start position:0%
normally expect when you put the funds
into<00:14:34.139><c> the</c><00:14:34.320><c> bridge</c>

00:14:35.870 --> 00:14:35.880 align:start position:0%
into the bridge
 

00:14:35.880 --> 00:14:37.970 align:start position:0%
into the bridge
so

00:14:37.970 --> 00:14:37.980 align:start position:0%
so
 

00:14:37.980 --> 00:14:40.250 align:start position:0%
so
uh<00:14:38.040><c> so</c><00:14:38.459><c> now</c><00:14:38.639><c> with</c><00:14:39.060><c> all</c><00:14:39.480><c> these</c><00:14:39.660><c> examples</c><00:14:40.019><c> you</c>

00:14:40.250 --> 00:14:40.260 align:start position:0%
uh so now with all these examples you
 

00:14:40.260 --> 00:14:41.870 align:start position:0%
uh so now with all these examples you
may<00:14:40.440><c> wonder</c><00:14:40.740><c> you</c><00:14:41.100><c> know</c><00:14:41.160><c> how</c><00:14:41.399><c> do</c><00:14:41.519><c> you</c><00:14:41.699><c> actually</c>

00:14:41.870 --> 00:14:41.880 align:start position:0%
may wonder you know how do you actually
 

00:14:41.880 --> 00:14:44.030 align:start position:0%
may wonder you know how do you actually
collate<00:14:42.600><c> all</c><00:14:42.779><c> this</c><00:14:42.959><c> information</c><00:14:43.199><c> and</c><00:14:43.620><c> how</c><00:14:43.980><c> do</c>

00:14:44.030 --> 00:14:44.040 align:start position:0%
collate all this information and how do
 

00:14:44.040 --> 00:14:45.470 align:start position:0%
collate all this information and how do
you<00:14:44.220><c> actually</c><00:14:44.339><c> make</c><00:14:44.639><c> it</c><00:14:44.820><c> available</c><00:14:45.000><c> to</c><00:14:45.300><c> the</c>

00:14:45.470 --> 00:14:45.480 align:start position:0%
you actually make it available to the
 

00:14:45.480 --> 00:14:47.870 align:start position:0%
you actually make it available to the
users<00:14:45.779><c> and</c><00:14:45.899><c> this</c><00:14:46.079><c> is</c><00:14:46.199><c> a</c><00:14:46.380><c> challenge</c><00:14:46.820><c> we've</c><00:14:47.820><c> got</c>

00:14:47.870 --> 00:14:47.880 align:start position:0%
users and this is a challenge we've got
 

00:14:47.880 --> 00:14:50.269 align:start position:0%
users and this is a challenge we've got
hundreds<00:14:48.540><c> of</c><00:14:48.660><c> bridges</c><00:14:49.019><c> we've</c><00:14:49.320><c> got</c><00:14:49.500><c> hundreds</c>

00:14:50.269 --> 00:14:50.279 align:start position:0%
hundreds of bridges we've got hundreds
 

00:14:50.279 --> 00:14:51.650 align:start position:0%
hundreds of bridges we've got hundreds
of<00:14:50.399><c> different</c><00:14:50.579><c> destinations</c><00:14:51.120><c> we've</c><00:14:51.540><c> got</c>

00:14:51.650 --> 00:14:51.660 align:start position:0%
of different destinations we've got
 

00:14:51.660 --> 00:14:54.949 align:start position:0%
of different destinations we've got
hundreds<00:14:52.199><c> of</c><00:14:52.260><c> tokens</c><00:14:52.880><c> and</c><00:14:53.880><c> every</c><00:14:54.600><c> single</c>

00:14:54.949 --> 00:14:54.959 align:start position:0%
hundreds of tokens and every single
 

00:14:54.959 --> 00:14:57.350 align:start position:0%
hundreds of tokens and every single
transfer<00:14:55.740><c> may</c><00:14:56.220><c> be</c><00:14:56.339><c> actually</c><00:14:56.639><c> different</c><00:14:57.000><c> right</c>

00:14:57.350 --> 00:14:57.360 align:start position:0%
transfer may be actually different right
 

00:14:57.360 --> 00:14:58.850 align:start position:0%
transfer may be actually different right
and<00:14:57.600><c> this</c><00:14:57.779><c> is</c><00:14:57.839><c> a</c><00:14:57.959><c> challenge</c><00:14:58.079><c> for</c><00:14:58.380><c> us</c><00:14:58.500><c> as</c><00:14:58.680><c> well</c>

00:14:58.850 --> 00:14:58.860 align:start position:0%
and this is a challenge for us as well
 

00:14:58.860 --> 00:15:00.889 align:start position:0%
and this is a challenge for us as well
because<00:14:59.100><c> we</c><00:14:59.760><c> really</c><00:14:59.940><c> wanted</c><00:15:00.180><c> to</c><00:15:00.360><c> make</c><00:15:00.540><c> it</c><00:15:00.720><c> very</c>

00:15:00.889 --> 00:15:00.899 align:start position:0%
because we really wanted to make it very
 

00:15:00.899 --> 00:15:03.170 align:start position:0%
because we really wanted to make it very
transparent<00:15:01.440><c> to</c><00:15:01.620><c> everybody</c><00:15:01.820><c> and</c><00:15:02.820><c> we</c><00:15:03.060><c> wanted</c>

00:15:03.170 --> 00:15:03.180 align:start position:0%
transparent to everybody and we wanted
 

00:15:03.180 --> 00:15:05.150 align:start position:0%
transparent to everybody and we wanted
to<00:15:03.420><c> make</c><00:15:03.660><c> sure</c><00:15:03.899><c> that</c><00:15:04.260><c> users</c><00:15:04.740><c> are</c><00:15:04.980><c> actually</c>

00:15:05.150 --> 00:15:05.160 align:start position:0%
to make sure that users are actually
 

00:15:05.160 --> 00:15:06.430 align:start position:0%
to make sure that users are actually
aware

00:15:06.430 --> 00:15:06.440 align:start position:0%
aware
 

00:15:06.440 --> 00:15:08.810 align:start position:0%
aware
what<00:15:07.440><c> exactly</c><00:15:07.800><c> is</c><00:15:07.980><c> happening</c><00:15:08.279><c> behind</c><00:15:08.699><c> the</c>

00:15:08.810 --> 00:15:08.820 align:start position:0%
what exactly is happening behind the
 

00:15:08.820 --> 00:15:12.170 align:start position:0%
what exactly is happening behind the
scenes<00:15:09.180><c> so</c><00:15:09.600><c> so</c><00:15:10.560><c> we</c><00:15:10.920><c> try</c><00:15:11.040><c> to</c><00:15:11.220><c> kind</c><00:15:11.699><c> of</c><00:15:11.820><c> you</c><00:15:12.120><c> know</c>

00:15:12.170 --> 00:15:12.180 align:start position:0%
scenes so so we try to kind of you know
 

00:15:12.180 --> 00:15:14.030 align:start position:0%
scenes so so we try to kind of you know
make<00:15:12.420><c> it</c><00:15:12.600><c> the</c><00:15:13.139><c> whole</c><00:15:13.260><c> framework</c><00:15:13.620><c> user</c>

00:15:14.030 --> 00:15:14.040 align:start position:0%
make it the whole framework user
 

00:15:14.040 --> 00:15:17.410 align:start position:0%
make it the whole framework user
friendly<00:15:14.399><c> and</c><00:15:14.760><c> I</c><00:15:15.000><c> will</c><00:15:15.240><c> quickly</c><00:15:15.680><c> uh</c><00:15:16.680><c> summarize</c>

00:15:17.410 --> 00:15:17.420 align:start position:0%
friendly and I will quickly uh summarize
 

00:15:17.420 --> 00:15:22.310 align:start position:0%
friendly and I will quickly uh summarize
what<00:15:18.420><c> you</c><00:15:18.720><c> will</c><00:15:18.959><c> be</c><00:15:19.079><c> seeing</c><00:15:19.500><c> uh</c><00:15:20.699><c> on</c><00:15:21.480><c> the</c><00:15:21.720><c> L2</c>

00:15:22.310 --> 00:15:22.320 align:start position:0%
what you will be seeing uh on the L2
 

00:15:22.320 --> 00:15:26.990 align:start position:0%
what you will be seeing uh on the L2
beat<00:15:22.920><c> Bridges</c><00:15:23.880><c> section</c><00:15:24.480><c> so</c><00:15:25.199><c> first</c><00:15:25.500><c> of</c><00:15:25.680><c> all</c><00:15:26.000><c> we</c>

00:15:26.990 --> 00:15:27.000 align:start position:0%
beat Bridges section so first of all we
 

00:15:27.000 --> 00:15:28.430 align:start position:0%
beat Bridges section so first of all we
kind<00:15:27.240><c> of</c><00:15:27.360><c> differentiate</c>

00:15:28.430 --> 00:15:28.440 align:start position:0%
kind of differentiate
 

00:15:28.440 --> 00:15:31.370 align:start position:0%
kind of differentiate
primarily<00:15:29.339><c> to</c><00:15:29.579><c> different</c><00:15:29.820><c> Bridge</c><00:15:30.360><c> types</c>

00:15:31.370 --> 00:15:31.380 align:start position:0%
primarily to different Bridge types
 

00:15:31.380 --> 00:15:33.470 align:start position:0%
primarily to different Bridge types
and<00:15:31.740><c> the</c><00:15:31.860><c> first</c><00:15:31.980><c> one</c><00:15:32.100><c> is</c><00:15:32.279><c> a</c><00:15:32.399><c> token</c><00:15:32.699><c> bridge</c><00:15:32.880><c> and</c>

00:15:33.470 --> 00:15:33.480 align:start position:0%
and the first one is a token bridge and
 

00:15:33.480 --> 00:15:35.150 align:start position:0%
and the first one is a token bridge and
that's<00:15:33.600><c> the</c><00:15:33.839><c> bridge</c><00:15:33.959><c> that</c><00:15:34.260><c> means</c><00:15:34.560><c> tokens</c><00:15:34.980><c> on</c>

00:15:35.150 --> 00:15:35.160 align:start position:0%
that's the bridge that means tokens on
 

00:15:35.160 --> 00:15:38.150 align:start position:0%
that's the bridge that means tokens on
the<00:15:35.279><c> destination</c><00:15:35.699><c> and</c><00:15:36.660><c> then</c><00:15:37.139><c> so</c><00:15:37.920><c> this</c><00:15:38.040><c> is</c>

00:15:38.150 --> 00:15:38.160 align:start position:0%
the destination and then so this is
 

00:15:38.160 --> 00:15:39.290 align:start position:0%
the destination and then so this is
something<00:15:38.339><c> that</c><00:15:38.639><c> you</c><00:15:38.760><c> know</c><00:15:38.880><c> normally</c><00:15:39.180><c> you</c>

00:15:39.290 --> 00:15:39.300 align:start position:0%
something that you know normally you
 

00:15:39.300 --> 00:15:40.750 align:start position:0%
something that you know normally you
should<00:15:39.480><c> be</c><00:15:39.600><c> like</c>

00:15:40.750 --> 00:15:40.760 align:start position:0%
should be like
 

00:15:40.760 --> 00:15:44.030 align:start position:0%
should be like
intuitively<00:15:41.760><c> expecting</c><00:15:42.480><c> right</c><00:15:42.839><c> you</c><00:15:43.440><c> put</c>

00:15:44.030 --> 00:15:44.040 align:start position:0%
intuitively expecting right you put
 

00:15:44.040 --> 00:15:46.009 align:start position:0%
intuitively expecting right you put
tokens<00:15:44.399><c> into</c><00:15:44.579><c> the</c><00:15:44.820><c> escrow</c><00:15:45.060><c> the</c><00:15:45.360><c> Bridgeman's</c>

00:15:46.009 --> 00:15:46.019 align:start position:0%
tokens into the escrow the Bridgeman's
 

00:15:46.019 --> 00:15:49.189 align:start position:0%
tokens into the escrow the Bridgeman's
tokens<00:15:46.260><c> on</c><00:15:46.440><c> the</c><00:15:46.560><c> destination</c><00:15:46.860><c> however</c>

00:15:49.189 --> 00:15:49.199 align:start position:0%
tokens on the destination however
 

00:15:49.199 --> 00:15:51.410 align:start position:0%
tokens on the destination however
a<00:15:49.740><c> lot</c><00:15:49.860><c> of</c><00:15:49.980><c> bridges</c><00:15:50.399><c> cannot</c><00:15:50.639><c> mince</c><00:15:51.120><c> tokens</c>

00:15:51.410 --> 00:15:51.420 align:start position:0%
a lot of bridges cannot mince tokens
 

00:15:51.420 --> 00:15:53.810 align:start position:0%
a lot of bridges cannot mince tokens
right<00:15:51.660><c> like</c><00:15:52.019><c> take</c><00:15:52.440><c> die</c><00:15:52.740><c> as</c><00:15:53.040><c> an</c><00:15:53.160><c> example</c><00:15:53.399><c> I</c><00:15:53.639><c> mean</c>

00:15:53.810 --> 00:15:53.820 align:start position:0%
right like take die as an example I mean
 

00:15:53.820 --> 00:15:56.769 align:start position:0%
right like take die as an example I mean
most<00:15:54.180><c> bridges</c><00:15:54.660><c> won't</c><00:15:54.959><c> have</c><00:15:55.260><c> uh</c><00:15:55.860><c> access</c><00:15:56.100><c> to</c>

00:15:56.769 --> 00:15:56.779 align:start position:0%
most bridges won't have uh access to
 

00:15:56.779 --> 00:15:59.030 align:start position:0%
most bridges won't have uh access to
diamonding<00:15:57.779><c> facilities</c><00:15:58.199><c> so</c><00:15:58.500><c> they</c><00:15:58.680><c> have</c><00:15:58.800><c> to</c><00:15:58.920><c> do</c>

00:15:59.030 --> 00:15:59.040 align:start position:0%
diamonding facilities so they have to do
 

00:15:59.040 --> 00:16:01.370 align:start position:0%
diamonding facilities so they have to do
something<00:15:59.220><c> different</c><00:15:59.519><c> uh</c><00:16:00.360><c> they</c><00:16:00.600><c> have</c><00:16:00.779><c> to</c><00:16:00.959><c> on</c>

00:16:01.370 --> 00:16:01.380 align:start position:0%
something different uh they have to on
 

00:16:01.380 --> 00:16:03.050 align:start position:0%
something different uh they have to on
the<00:16:01.620><c> destination</c><00:16:01.980><c> they</c><00:16:02.279><c> have</c><00:16:02.459><c> to</c><00:16:02.639><c> create</c><00:16:02.820><c> a</c>

00:16:03.050 --> 00:16:03.060 align:start position:0%
the destination they have to create a
 

00:16:03.060 --> 00:16:05.150 align:start position:0%
the destination they have to create a
liquidity<00:16:03.480><c> pool</c><00:16:03.720><c> they</c><00:16:04.500><c> have</c><00:16:04.680><c> to</c><00:16:04.800><c> Mint</c>

00:16:05.150 --> 00:16:05.160 align:start position:0%
liquidity pool they have to Mint
 

00:16:05.160 --> 00:16:06.889 align:start position:0%
liquidity pool they have to Mint
something<00:16:05.339><c> or</c><00:16:05.639><c> maybe</c><00:16:05.760><c> you</c><00:16:06.060><c> know</c><00:16:06.180><c> through</c><00:16:06.540><c> some</c>

00:16:06.889 --> 00:16:06.899 align:start position:0%
something or maybe you know through some
 

00:16:06.899 --> 00:16:09.350 align:start position:0%
something or maybe you know through some
other<00:16:07.019><c> mechanism</c><00:16:07.500><c> and</c><00:16:07.860><c> they</c><00:16:08.220><c> will</c><00:16:08.459><c> like</c><00:16:08.940><c> swap</c>

00:16:09.350 --> 00:16:09.360 align:start position:0%
other mechanism and they will like swap
 

00:16:09.360 --> 00:16:12.290 align:start position:0%
other mechanism and they will like swap
whether<00:16:09.959><c> they</c><00:16:10.199><c> minted</c><00:16:10.560><c> for</c><00:16:10.800><c> the</c><00:16:11.040><c> die</c><00:16:11.220><c> that</c><00:16:12.120><c> is</c>

00:16:12.290 --> 00:16:12.300 align:start position:0%
whether they minted for the die that is
 

00:16:12.300 --> 00:16:14.150 align:start position:0%
whether they minted for the die that is
like<00:16:12.420><c> sitting</c><00:16:12.839><c> and</c><00:16:12.959><c> waiting</c><00:16:13.380><c> for</c><00:16:13.620><c> you</c><00:16:13.740><c> on</c><00:16:13.980><c> the</c>

00:16:14.150 --> 00:16:14.160 align:start position:0%
like sitting and waiting for you on the
 

00:16:14.160 --> 00:16:16.850 align:start position:0%
like sitting and waiting for you on the
destination<00:16:14.639><c> and</c><00:16:15.600><c> we</c><00:16:16.079><c> call</c><00:16:16.320><c> these</c><00:16:16.560><c> types</c><00:16:16.800><c> of</c>

00:16:16.850 --> 00:16:16.860 align:start position:0%
destination and we call these types of
 

00:16:16.860 --> 00:16:18.949 align:start position:0%
destination and we call these types of
bridges<00:16:17.220><c> liquidity</c><00:16:17.699><c> Networks</c>

00:16:18.949 --> 00:16:18.959 align:start position:0%
bridges liquidity Networks
 

00:16:18.959 --> 00:16:21.170 align:start position:0%
bridges liquidity Networks
and<00:16:19.500><c> I</c><00:16:19.680><c> think</c><00:16:19.800><c> what</c><00:16:20.160><c> is</c><00:16:20.339><c> the</c><00:16:20.579><c> most</c><00:16:20.699><c> confusing</c>

00:16:21.170 --> 00:16:21.180 align:start position:0%
and I think what is the most confusing
 

00:16:21.180 --> 00:16:23.810 align:start position:0%
and I think what is the most confusing
for<00:16:21.420><c> end</c><00:16:21.600><c> users</c><00:16:22.019><c> is</c><00:16:22.320><c> that</c><00:16:22.500><c> if</c><00:16:22.740><c> you</c><00:16:22.860><c> go</c><00:16:23.100><c> to</c><00:16:23.220><c> a</c><00:16:23.459><c> UI</c>

00:16:23.810 --> 00:16:23.820 align:start position:0%
for end users is that if you go to a UI
 

00:16:23.820 --> 00:16:27.350 align:start position:0%
for end users is that if you go to a UI
of<00:16:24.120><c> almost</c><00:16:24.420><c> any</c><00:16:24.839><c> Bridge</c><00:16:25.519><c> you</c><00:16:26.519><c> will</c><00:16:26.880><c> not</c><00:16:27.060><c> know</c>

00:16:27.350 --> 00:16:27.360 align:start position:0%
of almost any Bridge you will not know
 

00:16:27.360 --> 00:16:29.870 align:start position:0%
of almost any Bridge you will not know
if<00:16:27.660><c> you're</c><00:16:27.779><c> actually</c><00:16:27.959><c> using</c><00:16:28.500><c> token</c><00:16:29.100><c> Bridge</c><00:16:29.279><c> or</c>

00:16:29.870 --> 00:16:29.880 align:start position:0%
if you're actually using token Bridge or
 

00:16:29.880 --> 00:16:32.569 align:start position:0%
if you're actually using token Bridge or
a<00:16:30.060><c> liquidity</c><00:16:30.480><c> Network</c><00:16:30.720><c> in</c><00:16:31.139><c> fact</c><00:16:31.320><c> uh</c><00:16:32.279><c> some</c><00:16:32.459><c> of</c>

00:16:32.569 --> 00:16:32.579 align:start position:0%
a liquidity Network in fact uh some of
 

00:16:32.579 --> 00:16:35.210 align:start position:0%
a liquidity Network in fact uh some of
the<00:16:32.699><c> bridges</c><00:16:33.120><c> are</c><00:16:33.300><c> hybrid</c><00:16:33.860><c> sometimes</c><00:16:34.860><c> for</c>

00:16:35.210 --> 00:16:35.220 align:start position:0%
the bridges are hybrid sometimes for
 

00:16:35.220 --> 00:16:37.189 align:start position:0%
the bridges are hybrid sometimes for
some<00:16:35.399><c> tokens</c><00:16:35.820><c> they</c><00:16:36.300><c> may</c><00:16:36.480><c> actually</c><00:16:36.660><c> mint</c><00:16:36.959><c> you</c>

00:16:37.189 --> 00:16:37.199 align:start position:0%
some tokens they may actually mint you
 

00:16:37.199 --> 00:16:39.949 align:start position:0%
some tokens they may actually mint you
tokens<00:16:37.620><c> sometimes</c><00:16:38.519><c> they</c><00:16:38.699><c> may</c><00:16:38.880><c> use</c><00:16:39.120><c> uh</c>

00:16:39.949 --> 00:16:39.959 align:start position:0%
tokens sometimes they may use uh
 

00:16:39.959 --> 00:16:43.850 align:start position:0%
tokens sometimes they may use uh
liquidity<00:16:40.680><c> poles</c><00:16:41.160><c> and</c><00:16:42.060><c> it</c><00:16:42.779><c> like</c><00:16:43.259><c> I</c><00:16:43.560><c> see</c><00:16:43.740><c> the</c>

00:16:43.850 --> 00:16:43.860 align:start position:0%
liquidity poles and it like I see the
 

00:16:43.860 --> 00:16:46.189 align:start position:0%
liquidity poles and it like I see the
case<00:16:44.100><c> for</c><00:16:44.339><c> the</c><00:16:44.459><c> multi-chain</c><00:16:45.060><c> you</c><00:16:45.839><c> can</c><00:16:45.959><c> have</c>

00:16:46.189 --> 00:16:46.199 align:start position:0%
case for the multi-chain you can have
 

00:16:46.199 --> 00:16:48.290 align:start position:0%
case for the multi-chain you can have
like<00:16:46.620><c> some</c><00:16:46.920><c> mixed</c><00:16:47.279><c> results</c><00:16:47.399><c> some</c><00:16:47.940><c> of</c><00:16:48.120><c> the</c>

00:16:48.290 --> 00:16:48.300 align:start position:0%
like some mixed results some of the
 

00:16:48.300 --> 00:16:50.030 align:start position:0%
like some mixed results some of the
tokens<00:16:48.540><c> may</c><00:16:48.779><c> be</c><00:16:48.899><c> minted</c><00:16:49.380><c> for</c><00:16:49.500><c> you</c><00:16:49.620><c> and</c><00:16:49.800><c> some</c><00:16:49.920><c> of</c>

00:16:50.030 --> 00:16:50.040 align:start position:0%
tokens may be minted for you and some of
 

00:16:50.040 --> 00:16:52.009 align:start position:0%
tokens may be minted for you and some of
the<00:16:50.160><c> tokens</c><00:16:50.399><c> may</c><00:16:50.639><c> be</c><00:16:50.759><c> actually</c><00:16:50.940><c> uh</c><00:16:51.839><c> coming</c>

00:16:52.009 --> 00:16:52.019 align:start position:0%
the tokens may be actually uh coming
 

00:16:52.019 --> 00:16:54.290 align:start position:0%
the tokens may be actually uh coming
from<00:16:52.259><c> the</c><00:16:52.380><c> liquidity</c><00:16:52.800><c> Pawn</c><00:16:53.100><c> so</c><00:16:53.399><c> these</c><00:16:54.060><c> types</c>

00:16:54.290 --> 00:16:54.300 align:start position:0%
from the liquidity Pawn so these types
 

00:16:54.300 --> 00:16:57.350 align:start position:0%
from the liquidity Pawn so these types
of<00:16:54.420><c> bridges</c><00:16:54.839><c> we</c><00:16:55.019><c> will</c><00:16:55.199><c> call</c><00:16:55.440><c> a</c><00:16:55.800><c> hybrid</c><00:16:56.360><c> and</c>

00:16:57.350 --> 00:16:57.360 align:start position:0%
of bridges we will call a hybrid and
 

00:16:57.360 --> 00:16:59.689 align:start position:0%
of bridges we will call a hybrid and
again<00:16:57.540><c> if</c><00:16:58.139><c> you</c><00:16:58.259><c> compare</c><00:16:58.740><c> token</c><00:16:59.279><c> Bridges</c><00:16:59.579><c> to</c>

00:16:59.689 --> 00:16:59.699 align:start position:0%
again if you compare token Bridges to
 

00:16:59.699 --> 00:17:01.430 align:start position:0%
again if you compare token Bridges to
liquidity<00:17:00.120><c> networks</c><00:17:00.660><c> they</c><00:17:00.899><c> have</c><00:17:01.139><c> a</c><00:17:01.320><c> very</c>

00:17:01.430 --> 00:17:01.440 align:start position:0%
liquidity networks they have a very
 

00:17:01.440 --> 00:17:03.829 align:start position:0%
liquidity networks they have a very
different<00:17:01.680><c> risk</c><00:17:02.160><c> profiles</c>

00:17:03.829 --> 00:17:03.839 align:start position:0%
different risk profiles
 

00:17:03.839 --> 00:17:05.210 align:start position:0%
different risk profiles
um so<00:17:04.079><c> for</c><00:17:04.199><c> the</c><00:17:04.380><c> end</c><00:17:04.439><c> users</c><00:17:04.799><c> I</c><00:17:04.980><c> think</c><00:17:05.100><c> it's</c>

00:17:05.210 --> 00:17:05.220 align:start position:0%
um so for the end users I think it's
 

00:17:05.220 --> 00:17:08.329 align:start position:0%
um so for the end users I think it's
very<00:17:05.400><c> useful</c><00:17:05.780><c> to</c><00:17:06.780><c> actually</c><00:17:06.900><c> understand</c><00:17:07.339><c> uh</c>

00:17:08.329 --> 00:17:08.339 align:start position:0%
very useful to actually understand uh
 

00:17:08.339 --> 00:17:11.150 align:start position:0%
very useful to actually understand uh
the<00:17:08.640><c> difference</c><00:17:08.819><c> between</c><00:17:09.540><c> the</c><00:17:09.839><c> two</c><00:17:10.020><c> right</c><00:17:10.260><c> you</c>

00:17:11.150 --> 00:17:11.160 align:start position:0%
the difference between the two right you
 

00:17:11.160 --> 00:17:13.130 align:start position:0%
the difference between the two right you
have<00:17:11.280><c> unlimited</c><00:17:12.000><c> liquidity</c><00:17:12.419><c> for</c><00:17:12.660><c> the</c><00:17:12.780><c> token</c>

00:17:13.130 --> 00:17:13.140 align:start position:0%
have unlimited liquidity for the token
 

00:17:13.140 --> 00:17:16.909 align:start position:0%
have unlimited liquidity for the token
Bridge<00:17:13.319><c> uh</c><00:17:13.919><c> you</c><00:17:14.160><c> have</c><00:17:14.280><c> tokens</c><00:17:14.760><c> uh</c>

00:17:16.909 --> 00:17:16.919 align:start position:0%
Bridge uh you have tokens uh
 

00:17:16.919 --> 00:17:20.270 align:start position:0%
Bridge uh you have tokens uh
that<00:17:17.640><c> if</c><00:17:18.299><c> you</c><00:17:18.480><c> keep</c><00:17:19.439><c> the</c><00:17:19.620><c> token</c><00:17:19.980><c> at</c><00:17:20.100><c> the</c>

00:17:20.270 --> 00:17:20.280 align:start position:0%
that if you keep the token at the
 

00:17:20.280 --> 00:17:22.069 align:start position:0%
that if you keep the token at the
destination<00:17:20.640><c> you</c><00:17:21.059><c> will</c><00:17:21.240><c> face</c><00:17:21.419><c> the</c><00:17:21.720><c> risk</c><00:17:21.959><c> of</c>

00:17:22.069 --> 00:17:22.079 align:start position:0%
destination you will face the risk of
 

00:17:22.079 --> 00:17:24.650 align:start position:0%
destination you will face the risk of
the<00:17:22.319><c> validators</c><00:17:22.860><c> of</c><00:17:23.040><c> that</c><00:17:23.220><c> bridge</c><00:17:23.660><c> and</c>

00:17:24.650 --> 00:17:24.660 align:start position:0%
the validators of that bridge and
 

00:17:24.660 --> 00:17:26.210 align:start position:0%
the validators of that bridge and
generally<00:17:24.959><c> token</c><00:17:25.380><c> Bridges</c><00:17:25.740><c> can</c><00:17:25.919><c> be</c><00:17:26.040><c> quite</c>

00:17:26.210 --> 00:17:26.220 align:start position:0%
generally token Bridges can be quite
 

00:17:26.220 --> 00:17:29.450 align:start position:0%
generally token Bridges can be quite
slow<00:17:26.520><c> and</c><00:17:27.059><c> expensive</c><00:17:27.799><c> while</c><00:17:28.799><c> the</c><00:17:29.100><c> liquidity</c>

00:17:29.450 --> 00:17:29.460 align:start position:0%
slow and expensive while the liquidity
 

00:17:29.460 --> 00:17:31.190 align:start position:0%
slow and expensive while the liquidity
network<00:17:29.760><c> is</c><00:17:30.120><c> almost</c><00:17:30.419><c> like</c><00:17:30.660><c> the</c><00:17:30.840><c> opposite</c>

00:17:31.190 --> 00:17:31.200 align:start position:0%
network is almost like the opposite
 

00:17:31.200 --> 00:17:33.230 align:start position:0%
network is almost like the opposite
right<00:17:31.440><c> it</c><00:17:32.100><c> has</c><00:17:32.280><c> a</c><00:17:32.520><c> limited</c><00:17:32.820><c> liquidity</c>

00:17:33.230 --> 00:17:33.240 align:start position:0%
right it has a limited liquidity
 

00:17:33.240 --> 00:17:35.570 align:start position:0%
right it has a limited liquidity
typically<00:17:33.660><c> so</c><00:17:34.020><c> you</c><00:17:34.200><c> might</c><00:17:34.380><c> end</c><00:17:34.980><c> up</c><00:17:35.100><c> with</c><00:17:35.400><c> your</c>

00:17:35.570 --> 00:17:35.580 align:start position:0%
typically so you might end up with your
 

00:17:35.580 --> 00:17:38.210 align:start position:0%
typically so you might end up with your
tokens<00:17:35.940><c> being</c><00:17:36.179><c> stuck</c>

00:17:38.210 --> 00:17:38.220 align:start position:0%
tokens being stuck
 

00:17:38.220 --> 00:17:40.730 align:start position:0%
tokens being stuck
uh<00:17:39.059><c> but</c><00:17:39.360><c> tokens</c><00:17:39.900><c> held</c><00:17:40.260><c> on</c><00:17:40.320><c> the</c><00:17:40.440><c> destination</c>

00:17:40.730 --> 00:17:40.740 align:start position:0%
uh but tokens held on the destination
 

00:17:40.740 --> 00:17:43.070 align:start position:0%
uh but tokens held on the destination
are<00:17:41.100><c> not</c><00:17:41.280><c> at</c><00:17:41.460><c> risk</c><00:17:41.880><c> of</c><00:17:42.000><c> this</c><00:17:42.179><c> network</c><00:17:42.419><c> they're</c>

00:17:43.070 --> 00:17:43.080 align:start position:0%
are not at risk of this network they're
 

00:17:43.080 --> 00:17:44.630 align:start position:0%
are not at risk of this network they're
actually<00:17:43.320><c> at</c><00:17:43.559><c> risk</c><00:17:43.919><c> of</c><00:17:43.980><c> the</c><00:17:44.100><c> token</c><00:17:44.460><c> bridge</c>

00:17:44.630 --> 00:17:44.640 align:start position:0%
actually at risk of the token bridge
 

00:17:44.640 --> 00:17:47.570 align:start position:0%
actually at risk of the token bridge
that<00:17:45.000><c> was</c><00:17:45.240><c> used</c><00:17:45.539><c> initially</c><00:17:46.320><c> to</c><00:17:46.980><c> move</c><00:17:47.100><c> tokens</c>

00:17:47.570 --> 00:17:47.580 align:start position:0%
that was used initially to move tokens
 

00:17:47.580 --> 00:17:50.210 align:start position:0%
that was used initially to move tokens
to<00:17:47.760><c> the</c><00:17:47.820><c> liquidity</c><00:17:48.240><c> pool</c><00:17:48.539><c> so</c><00:17:49.500><c> again</c><00:17:49.620><c> this</c><00:17:50.160><c> is</c>

00:17:50.210 --> 00:17:50.220 align:start position:0%
to the liquidity pool so again this is
 

00:17:50.220 --> 00:17:51.830 align:start position:0%
to the liquidity pool so again this is
the<00:17:50.340><c> risk</c><00:17:50.640><c> that's</c><00:17:50.820><c> actually</c><00:17:51.240><c> quite</c><00:17:51.480><c> difficult</c>

00:17:51.830 --> 00:17:51.840 align:start position:0%
the risk that's actually quite difficult
 

00:17:51.840 --> 00:17:56.390 align:start position:0%
the risk that's actually quite difficult
to<00:17:52.320><c> uh</c><00:17:52.740><c> disclose</c><00:17:53.539><c> and</c><00:17:54.539><c> finally</c><00:17:55.320><c> they</c><00:17:56.100><c> can</c><00:17:56.220><c> be</c>

00:17:56.390 --> 00:17:56.400 align:start position:0%
to uh disclose and finally they can be
 

00:17:56.400 --> 00:18:00.529 align:start position:0%
to uh disclose and finally they can be
fast<00:17:56.880><c> and</c><00:17:57.120><c> they</c><00:17:57.299><c> can</c><00:17:57.480><c> be</c><00:17:57.600><c> cheap</c><00:17:57.840><c> right</c><00:17:58.200><c> so</c>

00:18:00.529 --> 00:18:00.539 align:start position:0%
fast and they can be cheap right so
 

00:18:00.539 --> 00:18:03.529 align:start position:0%
fast and they can be cheap right so
so<00:18:00.840><c> this</c><00:18:01.559><c> is</c><00:18:01.620><c> the</c><00:18:01.799><c> uh</c><00:18:01.980><c> the</c><00:18:02.340><c> column</c><00:18:02.640><c> on</c><00:18:03.120><c> the</c><00:18:03.299><c> L2</c>

00:18:03.529 --> 00:18:03.539 align:start position:0%
so this is the uh the column on the L2
 

00:18:03.539 --> 00:18:06.529 align:start position:0%
so this is the uh the column on the L2
beat<00:18:03.780><c> which</c><00:18:04.740><c> you</c><00:18:04.919><c> can</c><00:18:05.039><c> check</c><00:18:05.220><c> very</c><00:18:06.120><c> quickly</c>

00:18:06.529 --> 00:18:06.539 align:start position:0%
beat which you can check very quickly
 

00:18:06.539 --> 00:18:09.730 align:start position:0%
beat which you can check very quickly
and<00:18:07.140><c> and</c><00:18:07.320><c> this</c><00:18:07.620><c> is</c><00:18:07.740><c> something</c><00:18:07.980><c> that</c><00:18:08.520><c> should</c><00:18:09.360><c> be</c>

00:18:09.730 --> 00:18:09.740 align:start position:0%
and and this is something that should be
 

00:18:09.740 --> 00:18:12.950 align:start position:0%
and and this is something that should be
essentially<00:18:10.740><c> easy</c><00:18:11.340><c> to</c><00:18:11.640><c> read</c><00:18:11.820><c> for</c><00:18:12.539><c> all</c><00:18:12.720><c> of</c><00:18:12.840><c> you</c>

00:18:12.950 --> 00:18:12.960 align:start position:0%
essentially easy to read for all of you
 

00:18:12.960 --> 00:18:15.470 align:start position:0%
essentially easy to read for all of you
and<00:18:13.740><c> if</c><00:18:14.100><c> you</c><00:18:14.220><c> use</c><00:18:14.340><c> any</c><00:18:14.580><c> particular</c><00:18:15.000><c> type</c><00:18:15.179><c> of</c><00:18:15.360><c> a</c>

00:18:15.470 --> 00:18:15.480 align:start position:0%
and if you use any particular type of a
 

00:18:15.480 --> 00:18:17.150 align:start position:0%
and if you use any particular type of a
bridge<00:18:15.600><c> you</c><00:18:15.960><c> know</c><00:18:16.080><c> I</c><00:18:16.260><c> do</c><00:18:16.440><c> encourage</c><00:18:16.860><c> you</c><00:18:16.980><c> to</c>

00:18:17.150 --> 00:18:17.160 align:start position:0%
bridge you know I do encourage you to
 

00:18:17.160 --> 00:18:19.150 align:start position:0%
bridge you know I do encourage you to
check<00:18:17.340><c> it</c><00:18:17.520><c> out</c><00:18:17.640><c> and</c><00:18:17.940><c> and</c><00:18:18.179><c> and</c><00:18:18.419><c> and</c><00:18:18.600><c> and</c>

00:18:19.150 --> 00:18:19.160 align:start position:0%
check it out and and and and and
 

00:18:19.160 --> 00:18:22.390 align:start position:0%
check it out and and and and and
understand<00:18:20.160><c> the</c><00:18:20.580><c> consequences</c>

00:18:22.390 --> 00:18:22.400 align:start position:0%
understand the consequences
 

00:18:22.400 --> 00:18:24.710 align:start position:0%
understand the consequences
more<00:18:23.400><c> importantly</c><00:18:23.820><c> from</c><00:18:24.240><c> the</c><00:18:24.419><c> risk</c>

00:18:24.710 --> 00:18:24.720 align:start position:0%
more importantly from the risk
 

00:18:24.720 --> 00:18:27.650 align:start position:0%
more importantly from the risk
perspective<00:18:25.400><c> and</c><00:18:26.400><c> this</c><00:18:26.580><c> is</c><00:18:26.700><c> like</c><00:18:26.940><c> maybe</c><00:18:27.419><c> a</c>

00:18:27.650 --> 00:18:27.660 align:start position:0%
perspective and this is like maybe a
 

00:18:27.660 --> 00:18:31.010 align:start position:0%
perspective and this is like maybe a
little<00:18:28.080><c> bit</c><00:18:28.200><c> more</c><00:18:28.380><c> technical</c><00:18:28.740><c> uh</c><00:18:29.700><c> is</c><00:18:30.600><c> the</c>

00:18:31.010 --> 00:18:31.020 align:start position:0%
little bit more technical uh is the
 

00:18:31.020 --> 00:18:33.230 align:start position:0%
little bit more technical uh is the
question<00:18:31.320><c> how</c><00:18:32.160><c> the</c><00:18:32.400><c> messages</c><00:18:32.520><c> are</c><00:18:33.120><c> actually</c>

00:18:33.230 --> 00:18:33.240 align:start position:0%
question how the messages are actually
 

00:18:33.240 --> 00:18:35.330 align:start position:0%
question how the messages are actually
relayed<00:18:33.900><c> between</c><00:18:34.200><c> the</c><00:18:34.440><c> source</c><00:18:34.799><c> chain</c><00:18:34.919><c> and</c><00:18:35.220><c> the</c>

00:18:35.330 --> 00:18:35.340 align:start position:0%
relayed between the source chain and the
 

00:18:35.340 --> 00:18:37.970 align:start position:0%
relayed between the source chain and the
destination<00:18:35.820><c> chain</c><00:18:36.179><c> so</c><00:18:36.960><c> technically</c><00:18:37.559><c> we</c><00:18:37.860><c> use</c>

00:18:37.970 --> 00:18:37.980 align:start position:0%
destination chain so technically we use
 

00:18:37.980 --> 00:18:39.890 align:start position:0%
destination chain so technically we use
all<00:18:38.220><c> sorts</c><00:18:38.640><c> of</c><00:18:38.640><c> uh</c><00:18:39.000><c> terms</c><00:18:39.419><c> for</c><00:18:39.539><c> this</c><00:18:39.660><c> like</c>

00:18:39.890 --> 00:18:39.900 align:start position:0%
all sorts of uh terms for this like
 

00:18:39.900 --> 00:18:42.590 align:start position:0%
all sorts of uh terms for this like
arbitrary<00:18:40.440><c> messaging</c><00:18:40.860><c> Bridge</c><00:18:41.220><c> or</c><00:18:41.820><c> some</c><00:18:42.480><c> other</c>

00:18:42.590 --> 00:18:42.600 align:start position:0%
arbitrary messaging Bridge or some other
 

00:18:42.600 --> 00:18:45.289 align:start position:0%
arbitrary messaging Bridge or some other
terminology<00:18:43.460><c> but</c><00:18:44.460><c> because</c><00:18:44.640><c> we</c><00:18:44.880><c> wanted</c><00:18:45.059><c> to</c>

00:18:45.289 --> 00:18:45.299 align:start position:0%
terminology but because we wanted to
 

00:18:45.299 --> 00:18:47.890 align:start position:0%
terminology but because we wanted to
make<00:18:45.539><c> the</c><00:18:45.780><c> framework</c><00:18:46.200><c> sort</c><00:18:46.740><c> of</c><00:18:46.860><c> user</c><00:18:47.220><c> friendly</c>

00:18:47.890 --> 00:18:47.900 align:start position:0%
make the framework sort of user friendly
 

00:18:47.900 --> 00:18:50.870 align:start position:0%
make the framework sort of user friendly
we<00:18:48.900><c> just</c><00:18:49.200><c> want</c><00:18:49.440><c> you</c><00:18:49.679><c> to</c><00:18:50.039><c> understand</c><00:18:50.160><c> what</c><00:18:50.700><c> are</c>

00:18:50.870 --> 00:18:50.880 align:start position:0%
we just want you to understand what are
 

00:18:50.880 --> 00:18:52.909 align:start position:0%
we just want you to understand what are
the<00:18:51.000><c> four</c><00:18:51.240><c> in</c><00:18:52.020><c> our</c><00:18:52.140><c> opinion</c><00:18:52.500><c> primary</c>

00:18:52.909 --> 00:18:52.919 align:start position:0%
the four in our opinion primary
 

00:18:52.919 --> 00:18:54.890 align:start position:0%
the four in our opinion primary
mechanisms<00:18:53.580><c> that</c><00:18:53.940><c> are</c><00:18:54.120><c> actually</c><00:18:54.240><c> used</c><00:18:54.600><c> to</c>

00:18:54.890 --> 00:18:54.900 align:start position:0%
mechanisms that are actually used to
 

00:18:54.900 --> 00:18:57.710 align:start position:0%
mechanisms that are actually used to
relate<00:18:55.500><c> the</c><00:18:55.620><c> messages</c><00:18:55.799><c> and</c><00:18:56.760><c> again</c><00:18:56.880><c> these</c>

00:18:57.710 --> 00:18:57.720 align:start position:0%
relate the messages and again these
 

00:18:57.720 --> 00:18:59.210 align:start position:0%
relate the messages and again these
messages<00:18:57.840><c> are</c><00:18:58.260><c> important</c><00:18:58.559><c> because</c><00:18:58.799><c> when</c><00:18:59.100><c> you</c>

00:18:59.210 --> 00:18:59.220 align:start position:0%
messages are important because when you
 

00:18:59.220 --> 00:19:01.850 align:start position:0%
messages are important because when you
lock<00:18:59.460><c> your</c><00:19:00.120><c> token</c><00:19:00.480><c> at</c><00:19:01.080><c> the</c><00:19:01.200><c> source</c><00:19:01.559><c> the</c>

00:19:01.850 --> 00:19:01.860 align:start position:0%
lock your token at the source the
 

00:19:01.860 --> 00:19:04.370 align:start position:0%
lock your token at the source the
destination<00:19:02.340><c> somehow</c><00:19:03.000><c> has</c><00:19:03.480><c> to</c><00:19:03.660><c> be</c><00:19:03.780><c> informed</c>

00:19:04.370 --> 00:19:04.380 align:start position:0%
destination somehow has to be informed
 

00:19:04.380 --> 00:19:06.049 align:start position:0%
destination somehow has to be informed
how<00:19:04.980><c> do</c><00:19:05.100><c> you</c><00:19:05.160><c> mean</c><00:19:05.340><c> the</c><00:19:05.520><c> token</c><00:19:05.760><c> of</c><00:19:05.940><c> the</c>

00:19:06.049 --> 00:19:06.059 align:start position:0%
how do you mean the token of the
 

00:19:06.059 --> 00:19:08.990 align:start position:0%
how do you mean the token of the
destination<00:19:06.600><c> right</c><00:19:06.980><c> so</c><00:19:07.980><c> what</c><00:19:08.400><c> are</c><00:19:08.580><c> the</c><00:19:08.760><c> four</c>

00:19:08.990 --> 00:19:09.000 align:start position:0%
destination right so what are the four
 

00:19:09.000 --> 00:19:11.810 align:start position:0%
destination right so what are the four
different<00:19:09.620><c> categories</c><00:19:10.620><c> well</c><00:19:11.100><c> first</c><00:19:11.580><c> of</c><00:19:11.760><c> all</c>

00:19:11.810 --> 00:19:11.820 align:start position:0%
different categories well first of all
 

00:19:11.820 --> 00:19:14.150 align:start position:0%
different categories well first of all
you've<00:19:12.120><c> got</c><00:19:12.240><c> the</c><00:19:12.419><c> third</c><00:19:12.600><c> party</c><00:19:12.919><c> meaning</c><00:19:13.919><c> that</c>

00:19:14.150 --> 00:19:14.160 align:start position:0%
you've got the third party meaning that
 

00:19:14.160 --> 00:19:16.070 align:start position:0%
you've got the third party meaning that
you<00:19:14.280><c> have</c><00:19:14.400><c> to</c><00:19:14.520><c> trust</c><00:19:14.880><c> someone</c><00:19:15.240><c> to</c><00:19:15.539><c> relay</c><00:19:15.840><c> this</c>

00:19:16.070 --> 00:19:16.080 align:start position:0%
you have to trust someone to relay this
 

00:19:16.080 --> 00:19:18.650 align:start position:0%
you have to trust someone to relay this
message<00:19:16.320><c> and</c><00:19:17.100><c> that</c><00:19:17.460><c> particular</c><00:19:17.820><c> party</c><00:19:18.179><c> can</c>

00:19:18.650 --> 00:19:18.660 align:start position:0%
message and that particular party can
 

00:19:18.660 --> 00:19:21.470 align:start position:0%
message and that particular party can
essentially<00:19:19.440><c> break</c><00:19:19.860><c> you</c><00:19:20.100><c> right</c><00:19:20.460><c> so</c><00:19:21.000><c> you</c><00:19:21.179><c> you</c>

00:19:21.470 --> 00:19:21.480 align:start position:0%
essentially break you right so you you
 

00:19:21.480 --> 00:19:25.610 align:start position:0%
essentially break you right so you you
put<00:19:21.840><c> full</c><00:19:22.020><c> Trust</c><00:19:22.740><c> on</c><00:19:22.980><c> that</c><00:19:23.100><c> party</c><00:19:23.840><c> then</c><00:19:24.840><c> you've</c>

00:19:25.610 --> 00:19:25.620 align:start position:0%
put full Trust on that party then you've
 

00:19:25.620 --> 00:19:28.310 align:start position:0%
put full Trust on that party then you've
got<00:19:25.740><c> what</c><00:19:26.039><c> we</c><00:19:26.160><c> call</c><00:19:26.340><c> the</c><00:19:26.900><c> optimistic</c><00:19:27.900><c> scheme</c>

00:19:28.310 --> 00:19:28.320 align:start position:0%
got what we call the optimistic scheme
 

00:19:28.320 --> 00:19:31.130 align:start position:0%
got what we call the optimistic scheme
we<00:19:29.039><c> relay</c><00:19:29.400><c> the</c><00:19:29.580><c> message</c><00:19:29.760><c> we</c><00:19:30.539><c> trust</c><00:19:30.840><c> that</c><00:19:30.960><c> the</c>

00:19:31.130 --> 00:19:31.140 align:start position:0%
we relay the message we trust that the
 

00:19:31.140 --> 00:19:33.650 align:start position:0%
we relay the message we trust that the
message<00:19:31.260><c> is</c><00:19:31.559><c> correct</c><00:19:32.299><c> unless</c><00:19:33.299><c> someone</c>

00:19:33.650 --> 00:19:33.660 align:start position:0%
message is correct unless someone
 

00:19:33.660 --> 00:19:35.330 align:start position:0%
message is correct unless someone
actually<00:19:34.020><c> proves</c><00:19:34.559><c> that</c><00:19:34.860><c> the</c><00:19:34.980><c> message</c><00:19:35.100><c> is</c>

00:19:35.330 --> 00:19:35.340 align:start position:0%
actually proves that the message is
 

00:19:35.340 --> 00:19:37.850 align:start position:0%
actually proves that the message is
incorrect<00:19:35.880><c> so</c><00:19:36.660><c> your</c><00:19:36.960><c> intuition</c><00:19:37.440><c> should</c><00:19:37.740><c> be</c>

00:19:37.850 --> 00:19:37.860 align:start position:0%
incorrect so your intuition should be
 

00:19:37.860 --> 00:19:40.310 align:start position:0%
incorrect so your intuition should be
like<00:19:38.039><c> who's</c><00:19:38.400><c> watching</c><00:19:38.940><c> uh</c><00:19:39.600><c> the</c><00:19:39.780><c> relayers</c>

00:19:40.310 --> 00:19:40.320 align:start position:0%
like who's watching uh the relayers
 

00:19:40.320 --> 00:19:42.950 align:start position:0%
like who's watching uh the relayers
right<00:19:40.620><c> who</c><00:19:41.100><c> are</c><00:19:41.220><c> the</c><00:19:41.340><c> Watchers</c><00:19:41.760><c> and</c><00:19:42.299><c> what</c><00:19:42.840><c> is</c>

00:19:42.950 --> 00:19:42.960 align:start position:0%
right who are the Watchers and what is
 

00:19:42.960 --> 00:19:45.350 align:start position:0%
right who are the Watchers and what is
the<00:19:43.140><c> length</c><00:19:43.500><c> of</c><00:19:43.860><c> the</c><00:19:44.039><c> uh</c><00:19:44.340><c> of</c><00:19:44.700><c> the</c><00:19:44.820><c> fraud</c><00:19:45.059><c> proof</c>

00:19:45.350 --> 00:19:45.360 align:start position:0%
the length of the uh of the fraud proof
 

00:19:45.360 --> 00:19:48.950 align:start position:0%
the length of the uh of the fraud proof
window<00:19:45.539><c> because</c><00:19:46.500><c> optimistic</c><00:19:47.280><c> uh</c>

00:19:48.950 --> 00:19:48.960 align:start position:0%
window because optimistic uh
 

00:19:48.960 --> 00:19:52.010 align:start position:0%
window because optimistic uh
message<00:19:49.620><c> Bridges</c><00:19:50.360><c> they</c><00:19:51.360><c> always</c><00:19:51.600><c> have</c>

00:19:52.010 --> 00:19:52.020 align:start position:0%
message Bridges they always have
 

00:19:52.020 --> 00:19:54.409 align:start position:0%
message Bridges they always have
watchers<00:19:52.500><c> and</c><00:19:52.799><c> they</c><00:19:53.039><c> always</c><00:19:53.340><c> have</c><00:19:53.760><c> the</c><00:19:54.179><c> uh</c>

00:19:54.409 --> 00:19:54.419 align:start position:0%
watchers and they always have the uh
 

00:19:54.419 --> 00:19:57.250 align:start position:0%
watchers and they always have the uh
fruit<00:19:55.020><c> fraud</c><00:19:55.860><c> proof</c><00:19:56.160><c> window</c>

00:19:57.250 --> 00:19:57.260 align:start position:0%
fruit fraud proof window
 

00:19:57.260 --> 00:19:59.990 align:start position:0%
fruit fraud proof window
then<00:19:58.260><c> we've</c><00:19:58.740><c> got</c><00:19:58.860><c> bridges</c><00:19:59.280><c> that</c><00:19:59.520><c> we</c><00:19:59.700><c> normally</c>

00:19:59.990 --> 00:20:00.000 align:start position:0%
then we've got bridges that we normally
 

00:20:00.000 --> 00:20:04.430 align:start position:0%
then we've got bridges that we normally
call<00:20:00.740><c> as</c><00:20:01.740><c> secured</c><00:20:02.460><c> by</c><00:20:02.640><c> light</c><00:20:02.820><c> clients</c><00:20:03.780><c> and</c>

00:20:04.430 --> 00:20:04.440 align:start position:0%
call as secured by light clients and
 

00:20:04.440 --> 00:20:06.230 align:start position:0%
call as secured by light clients and
essentially<00:20:04.919><c> what</c><00:20:05.100><c> it</c><00:20:05.220><c> means</c><00:20:05.520><c> is</c><00:20:05.700><c> that</c><00:20:05.940><c> we</c>

00:20:06.230 --> 00:20:06.240 align:start position:0%
essentially what it means is that we
 

00:20:06.240 --> 00:20:08.630 align:start position:0%
essentially what it means is that we
trust<00:20:06.780><c> the</c><00:20:07.260><c> destination</c><00:20:07.740><c> chain</c><00:20:08.100><c> to</c><00:20:08.340><c> tell</c><00:20:08.520><c> us</c>

00:20:08.630 --> 00:20:08.640 align:start position:0%
trust the destination chain to tell us
 

00:20:08.640 --> 00:20:10.850 align:start position:0%
trust the destination chain to tell us
what<00:20:08.760><c> happened</c><00:20:08.940><c> right</c><00:20:09.240><c> so</c><00:20:09.660><c> when</c><00:20:10.320><c> let's</c><00:20:10.679><c> say</c>

00:20:10.850 --> 00:20:10.860 align:start position:0%
what happened right so when let's say
 

00:20:10.860 --> 00:20:12.470 align:start position:0%
what happened right so when let's say
polygon<00:20:11.340><c> validators</c><00:20:11.820><c> say</c><00:20:12.120><c> that</c><00:20:12.299><c> something</c>

00:20:12.470 --> 00:20:12.480 align:start position:0%
polygon validators say that something
 

00:20:12.480 --> 00:20:14.450 align:start position:0%
polygon validators say that something
happened<00:20:12.720><c> on</c><00:20:12.960><c> polygon</c><00:20:13.380><c> I</c><00:20:13.740><c> don't</c><00:20:13.919><c> check</c><00:20:14.100><c> that</c>

00:20:14.450 --> 00:20:14.460 align:start position:0%
happened on polygon I don't check that
 

00:20:14.460 --> 00:20:16.070 align:start position:0%
happened on polygon I don't check that
this<00:20:14.640><c> is</c><00:20:14.760><c> exactly</c><00:20:15.120><c> what</c><00:20:15.299><c> happens</c><00:20:15.480><c> I</c><00:20:15.900><c> just</c>

00:20:16.070 --> 00:20:16.080 align:start position:0%
this is exactly what happens I just
 

00:20:16.080 --> 00:20:18.529 align:start position:0%
this is exactly what happens I just
trust<00:20:16.380><c> the</c><00:20:16.500><c> polygon</c><00:20:16.860><c> validate</c><00:20:17.340><c> this</c><00:20:17.520><c> and</c><00:20:18.419><c> on</c>

00:20:18.529 --> 00:20:18.539 align:start position:0%
trust the polygon validate this and on
 

00:20:18.539 --> 00:20:21.470 align:start position:0%
trust the polygon validate this and on
ethereum<00:20:19.080><c> I</c><00:20:19.380><c> just</c><00:20:19.500><c> need</c><00:20:19.679><c> to</c><00:20:19.860><c> build</c><00:20:20.580><c> a</c><00:20:21.059><c> software</c>

00:20:21.470 --> 00:20:21.480 align:start position:0%
ethereum I just need to build a software
 

00:20:21.480 --> 00:20:24.049 align:start position:0%
ethereum I just need to build a software
that<00:20:22.200><c> will</c><00:20:22.440><c> check</c><00:20:23.280><c> the</c><00:20:23.580><c> signatures</c>

00:20:24.049 --> 00:20:24.059 align:start position:0%
that will check the signatures
 

00:20:24.059 --> 00:20:27.110 align:start position:0%
that will check the signatures
essentially<00:20:24.660><c> right</c><00:20:25.220><c> so</c><00:20:26.220><c> you're</c><00:20:26.520><c> putting</c><00:20:26.940><c> your</c>

00:20:27.110 --> 00:20:27.120 align:start position:0%
essentially right so you're putting your
 

00:20:27.120 --> 00:20:28.970 align:start position:0%
essentially right so you're putting your
trust<00:20:27.419><c> on</c><00:20:27.720><c> the</c><00:20:27.840><c> validators</c><00:20:28.559><c> on</c><00:20:28.860><c> the</c>

00:20:28.970 --> 00:20:28.980 align:start position:0%
trust on the validators on the
 

00:20:28.980 --> 00:20:31.130 align:start position:0%
trust on the validators on the
destination<00:20:29.400><c> chain</c><00:20:29.760><c> and</c><00:20:30.480><c> the</c><00:20:30.660><c> more</c><00:20:30.780><c> secure</c>

00:20:31.130 --> 00:20:31.140 align:start position:0%
destination chain and the more secure
 

00:20:31.140 --> 00:20:33.590 align:start position:0%
destination chain and the more secure
bridges<00:20:31.620><c> in</c><00:20:31.980><c> our</c><00:20:32.039><c> opinion</c><00:20:32.460><c> are</c><00:20:32.880><c> the</c><00:20:33.179><c> trusted</c>

00:20:33.590 --> 00:20:33.600 align:start position:0%
bridges in our opinion are the trusted
 

00:20:33.600 --> 00:20:37.430 align:start position:0%
bridges in our opinion are the trusted
bridges<00:20:34.140><c> that</c><00:20:35.039><c> use</c><00:20:36.000><c> ethereum</c><00:20:36.720><c> as</c><00:20:37.200><c> the</c>

00:20:37.430 --> 00:20:37.440 align:start position:0%
bridges that use ethereum as the
 

00:20:37.440 --> 00:20:40.010 align:start position:0%
bridges that use ethereum as the
ultimate<00:20:37.860><c> source</c><00:20:38.160><c> of</c><00:20:38.280><c> Truth</c><00:20:39.059><c> so</c><00:20:39.600><c> we</c><00:20:39.840><c> don't</c>

00:20:40.010 --> 00:20:40.020 align:start position:0%
ultimate source of Truth so we don't
 

00:20:40.020 --> 00:20:42.770 align:start position:0%
ultimate source of Truth so we don't
trust<00:20:40.320><c> anybody</c><00:20:40.820><c> we</c><00:20:41.820><c> build</c><00:20:42.000><c> smart</c><00:20:42.240><c> contracts</c>

00:20:42.770 --> 00:20:42.780 align:start position:0%
trust anybody we build smart contracts
 

00:20:42.780 --> 00:20:45.650 align:start position:0%
trust anybody we build smart contracts
on<00:20:43.080><c> ethereum</c><00:20:43.559><c> that</c><00:20:43.799><c> will</c><00:20:43.919><c> validate</c><00:20:44.400><c> if</c><00:20:45.360><c> the</c>

00:20:45.650 --> 00:20:45.660 align:start position:0%
on ethereum that will validate if the
 

00:20:45.660 --> 00:20:47.950 align:start position:0%
on ethereum that will validate if the
destination<00:20:46.200><c> chain</c><00:20:46.500><c> is</c><00:20:46.799><c> not</c><00:20:46.980><c> lying</c><00:20:47.400><c> to</c><00:20:47.580><c> us</c>

00:20:47.950 --> 00:20:47.960 align:start position:0%
destination chain is not lying to us
 

00:20:47.960 --> 00:20:49.909 align:start position:0%
destination chain is not lying to us
obviously<00:20:48.960><c> there</c><00:20:49.140><c> are</c><00:20:49.260><c> two</c><00:20:49.380><c> techniques</c><00:20:49.740><c> right</c>

00:20:49.909 --> 00:20:49.919 align:start position:0%
obviously there are two techniques right
 

00:20:49.919 --> 00:20:52.669 align:start position:0%
obviously there are two techniques right
now<00:20:50.100><c> you</c><00:20:50.640><c> can</c><00:20:50.760><c> use</c><00:20:50.880><c> ZK</c><00:20:51.240><c> proofs</c><00:20:51.720><c> or</c><00:20:52.200><c> you</c><00:20:52.380><c> can</c><00:20:52.500><c> use</c>

00:20:52.669 --> 00:20:52.679 align:start position:0%
now you can use ZK proofs or you can use
 

00:20:52.679 --> 00:20:55.190 align:start position:0%
now you can use ZK proofs or you can use
uh<00:20:53.220><c> fraud</c><00:20:53.880><c> proofs</c><00:20:54.179><c> that's</c><00:20:54.720><c> why</c><00:20:54.900><c> we've</c><00:20:55.080><c> got</c>

00:20:55.190 --> 00:20:55.200 align:start position:0%
uh fraud proofs that's why we've got
 

00:20:55.200 --> 00:20:58.310 align:start position:0%
uh fraud proofs that's why we've got
zika<00:20:55.620><c> Roll-Ups</c><00:20:56.039><c> and</c><00:20:56.160><c> optimistic</c><00:20:56.700><c> rollups</c><00:20:57.240><c> and</c>

00:20:58.310 --> 00:20:58.320 align:start position:0%
zika Roll-Ups and optimistic rollups and
 

00:20:58.320 --> 00:21:01.310 align:start position:0%
zika Roll-Ups and optimistic rollups and
if<00:20:58.919><c> implemented</c><00:20:59.580><c> correctly</c><00:21:00.059><c> these</c><00:21:00.840><c> are</c><00:21:00.960><c> by</c>

00:21:01.310 --> 00:21:01.320 align:start position:0%
if implemented correctly these are by
 

00:21:01.320 --> 00:21:05.470 align:start position:0%
if implemented correctly these are by
far<00:21:01.820><c> the</c><00:21:02.820><c> most</c><00:21:03.059><c> secure</c><00:21:03.840><c> Bridges</c>

00:21:05.470 --> 00:21:05.480 align:start position:0%
far the most secure Bridges
 

00:21:05.480 --> 00:21:09.409 align:start position:0%
far the most secure Bridges
provided<00:21:06.480><c> that</c><00:21:07.200><c> there</c><00:21:07.799><c> are</c><00:21:07.919><c> no</c><00:21:08.039><c> bugs</c><00:21:08.400><c> in</c><00:21:09.240><c> the</c>

00:21:09.409 --> 00:21:09.419 align:start position:0%
provided that there are no bugs in the
 

00:21:09.419 --> 00:21:11.570 align:start position:0%
provided that there are no bugs in the
implementation<00:21:09.900><c> right</c>

00:21:11.570 --> 00:21:11.580 align:start position:0%
implementation right
 

00:21:11.580 --> 00:21:14.810 align:start position:0%
implementation right
so<00:21:12.480><c> uh</c><00:21:13.020><c> what</c><00:21:13.620><c> can</c><00:21:13.860><c> go</c><00:21:13.980><c> wrong</c><00:21:14.160><c> I</c><00:21:14.640><c> mean</c><00:21:14.700><c> you</c>

00:21:14.810 --> 00:21:14.820 align:start position:0%
so uh what can go wrong I mean you
 

00:21:14.820 --> 00:21:16.070 align:start position:0%
so uh what can go wrong I mean you
forgot<00:21:15.120><c> the</c><00:21:15.240><c> external</c><00:21:15.539><c> validators</c>

00:21:16.070 --> 00:21:16.080 align:start position:0%
forgot the external validators
 

00:21:16.080 --> 00:21:17.990 align:start position:0%
forgot the external validators
everything<00:21:16.320><c> can</c><00:21:16.559><c> go</c><00:21:16.740><c> wrong</c><00:21:16.860><c> right</c><00:21:17.220><c> they've</c>

00:21:17.990 --> 00:21:18.000 align:start position:0%
everything can go wrong right they've
 

00:21:18.000 --> 00:21:19.730 align:start position:0%
everything can go wrong right they've
got<00:21:18.120><c> full</c><00:21:18.299><c> access</c><00:21:18.480><c> to</c><00:21:18.720><c> the</c><00:21:18.840><c> escrow</c><00:21:19.200><c> they</c><00:21:19.620><c> can</c>

00:21:19.730 --> 00:21:19.740 align:start position:0%
got full access to the escrow they can
 

00:21:19.740 --> 00:21:21.770 align:start position:0%
got full access to the escrow they can
mint<00:21:19.980><c> whatever</c><00:21:20.280><c> they</c><00:21:20.640><c> want</c><00:21:20.820><c> to</c><00:21:20.940><c> Mint</c><00:21:21.179><c> if</c>

00:21:21.770 --> 00:21:21.780 align:start position:0%
mint whatever they want to Mint if
 

00:21:21.780 --> 00:21:23.810 align:start position:0%
mint whatever they want to Mint if
there's<00:21:22.020><c> a</c><00:21:22.200><c> bug</c><00:21:22.380><c> you</c><00:21:22.799><c> know</c><00:21:22.919><c> you</c><00:21:23.520><c> can</c><00:21:23.640><c> have</c>

00:21:23.810 --> 00:21:23.820 align:start position:0%
there's a bug you know you can have
 

00:21:23.820 --> 00:21:26.210 align:start position:0%
there's a bug you know you can have
billions<00:21:24.780><c> of</c><00:21:24.960><c> tokens</c><00:21:25.320><c> minted</c><00:21:25.679><c> out</c><00:21:25.860><c> of</c><00:21:25.980><c> thin</c>

00:21:26.210 --> 00:21:26.220 align:start position:0%
billions of tokens minted out of thin
 

00:21:26.220 --> 00:21:29.149 align:start position:0%
billions of tokens minted out of thin
air<00:21:26.480><c> and</c><00:21:27.480><c> validated</c><00:21:28.140><c> this</c><00:21:28.320><c> can</c><00:21:28.500><c> censor</c><00:21:28.919><c> they</c>

00:21:29.149 --> 00:21:29.159 align:start position:0%
air and validated this can censor they
 

00:21:29.159 --> 00:21:30.890 align:start position:0%
air and validated this can censor they
can<00:21:29.340><c> steal</c><00:21:29.640><c> they</c><00:21:29.820><c> can</c><00:21:29.940><c> freeze</c><00:21:30.299><c> funds</c><00:21:30.659><c> they</c><00:21:30.780><c> can</c>

00:21:30.890 --> 00:21:30.900 align:start position:0%
can steal they can freeze funds they can
 

00:21:30.900 --> 00:21:33.169 align:start position:0%
can steal they can freeze funds they can
do<00:21:31.080><c> whatever</c><00:21:31.500><c> right</c><00:21:32.039><c> you</c><00:21:32.460><c> have</c><00:21:32.640><c> to</c><00:21:32.820><c> fully</c>

00:21:33.169 --> 00:21:33.179 align:start position:0%
do whatever right you have to fully
 

00:21:33.179 --> 00:21:36.049 align:start position:0%
do whatever right you have to fully
trust<00:21:33.539><c> validate</c><00:21:34.380><c> this</c><00:21:34.559><c> for</c><00:21:35.520><c> optimistic</c>

00:21:36.049 --> 00:21:36.059 align:start position:0%
trust validate this for optimistic
 

00:21:36.059 --> 00:21:37.510 align:start position:0%
trust validate this for optimistic
validation

00:21:37.510 --> 00:21:37.520 align:start position:0%
validation
 

00:21:37.520 --> 00:21:40.789 align:start position:0%
validation
as<00:21:38.520><c> I</c><00:21:38.640><c> said</c><00:21:38.820><c> before</c><00:21:39.200><c> you</c><00:21:40.200><c> need</c><00:21:40.320><c> to</c><00:21:40.440><c> make</c><00:21:40.679><c> sure</c>

00:21:40.789 --> 00:21:40.799 align:start position:0%
as I said before you need to make sure
 

00:21:40.799 --> 00:21:42.289 align:start position:0%
as I said before you need to make sure
that<00:21:41.039><c> Watchers</c><00:21:41.460><c> are</c><00:21:41.700><c> actually</c><00:21:41.820><c> active</c>

00:21:42.289 --> 00:21:42.299 align:start position:0%
that Watchers are actually active
 

00:21:42.299 --> 00:21:44.630 align:start position:0%
that Watchers are actually active
because<00:21:42.659><c> if</c><00:21:42.960><c> no</c><00:21:43.140><c> one's</c><00:21:43.380><c> watching</c><00:21:43.799><c> uh</c><00:21:44.460><c> the</c>

00:21:44.630 --> 00:21:44.640 align:start position:0%
because if no one's watching uh the
 

00:21:44.640 --> 00:21:47.630 align:start position:0%
because if no one's watching uh the
fraudulent<00:21:45.120><c> message</c><00:21:45.480><c> can</c><00:21:45.840><c> be</c><00:21:46.020><c> relayed</c><00:21:46.860><c> for</c>

00:21:47.630 --> 00:21:47.640 align:start position:0%
fraudulent message can be relayed for
 

00:21:47.640 --> 00:21:50.450 align:start position:0%
fraudulent message can be relayed for
the<00:21:47.760><c> light</c><00:21:47.940><c> client</c><00:21:48.299><c> validation</c><00:21:48.780><c> uh</c><00:21:49.679><c> if</c><00:21:50.340><c> you're</c>

00:21:50.450 --> 00:21:50.460 align:start position:0%
the light client validation uh if you're
 

00:21:50.460 --> 00:21:51.890 align:start position:0%
the light client validation uh if you're
transferring<00:21:50.880><c> your</c><00:21:51.000><c> tokens</c><00:21:51.360><c> to</c><00:21:51.539><c> a</c><00:21:51.720><c> chain</c>

00:21:51.890 --> 00:21:51.900 align:start position:0%
transferring your tokens to a chain
 

00:21:51.900 --> 00:21:54.590 align:start position:0%
transferring your tokens to a chain
that's<00:21:52.260><c> weak</c><00:21:52.740><c> that</c><00:21:53.220><c> has</c><00:21:53.460><c> very</c><00:21:53.760><c> I</c><00:21:54.360><c> don't</c><00:21:54.480><c> know</c>

00:21:54.590 --> 00:21:54.600 align:start position:0%
that's weak that has very I don't know
 

00:21:54.600 --> 00:21:57.970 align:start position:0%
that's weak that has very I don't know
it's<00:21:55.500><c> a</c><00:21:55.679><c> low</c><00:21:55.799><c> value</c><00:21:55.980><c> chain</c><00:21:56.400><c> and</c>

00:21:57.970 --> 00:21:57.980 align:start position:0%
it's a low value chain and
 

00:21:57.980 --> 00:22:00.289 align:start position:0%
it's a low value chain and
vital<00:21:58.980><c> this</c><00:21:59.340><c> can</c><00:21:59.460><c> be</c><00:21:59.520><c> potentially</c><00:21:59.880><c> 51</c>

00:22:00.289 --> 00:22:00.299 align:start position:0%
vital this can be potentially 51
 

00:22:00.299 --> 00:22:03.230 align:start position:0%
vital this can be potentially 51
attacked<00:22:01.200><c> then</c><00:22:01.799><c> your</c><00:22:02.039><c> tokens</c><00:22:02.460><c> again</c><00:22:02.700><c> can</c><00:22:03.059><c> be</c>

00:22:03.230 --> 00:22:03.240 align:start position:0%
attacked then your tokens again can be
 

00:22:03.240 --> 00:22:05.090 align:start position:0%
attacked then your tokens again can be
stolen<00:22:03.600><c> from</c><00:22:03.900><c> escrow</c><00:22:04.200><c> so</c><00:22:04.559><c> you</c><00:22:04.679><c> have</c><00:22:04.799><c> to</c><00:22:04.919><c> really</c>

00:22:05.090 --> 00:22:05.100 align:start position:0%
stolen from escrow so you have to really
 

00:22:05.100 --> 00:22:07.490 align:start position:0%
stolen from escrow so you have to really
understand<00:22:05.340><c> how</c><00:22:05.940><c> strong</c><00:22:06.179><c> is</c><00:22:06.480><c> the</c><00:22:06.659><c> chain</c><00:22:06.840><c> and</c>

00:22:07.490 --> 00:22:07.500 align:start position:0%
understand how strong is the chain and
 

00:22:07.500 --> 00:22:09.649 align:start position:0%
understand how strong is the chain and
that<00:22:07.679><c> you're</c><00:22:07.799><c> moving</c><00:22:08.220><c> your</c><00:22:08.340><c> tokens</c><00:22:08.700><c> to</c><00:22:08.880><c> and</c>

00:22:09.649 --> 00:22:09.659 align:start position:0%
that you're moving your tokens to and
 

00:22:09.659 --> 00:22:12.470 align:start position:0%
that you're moving your tokens to and
finally<00:22:10.100><c> for</c><00:22:11.100><c> roll-ups</c><00:22:11.520><c> for</c><00:22:11.940><c> a</c><00:22:12.120><c> full</c><00:22:12.179><c> client</c>

00:22:12.470 --> 00:22:12.480 align:start position:0%
finally for roll-ups for a full client
 

00:22:12.480 --> 00:22:15.710 align:start position:0%
finally for roll-ups for a full client
ethereum<00:22:12.960><c> validation</c><00:22:13.440><c> in</c><00:22:14.159><c> theory</c><00:22:14.720><c> nothing</c>

00:22:15.710 --> 00:22:15.720 align:start position:0%
ethereum validation in theory nothing
 

00:22:15.720 --> 00:22:18.169 align:start position:0%
ethereum validation in theory nothing
can<00:22:15.960><c> go</c><00:22:16.140><c> wrong</c><00:22:16.260><c> right</c><00:22:16.620><c> so</c><00:22:17.280><c> funds</c><00:22:17.700><c> cannot</c><00:22:18.000><c> be</c>

00:22:18.169 --> 00:22:18.179 align:start position:0%
can go wrong right so funds cannot be
 

00:22:18.179 --> 00:22:21.110 align:start position:0%
can go wrong right so funds cannot be
censored<00:22:18.600><c> funds</c><00:22:19.380><c> cannot</c><00:22:19.620><c> be</c><00:22:19.799><c> stolen</c><00:22:20.220><c> as</c><00:22:20.940><c> long</c>

00:22:21.110 --> 00:22:21.120 align:start position:0%
censored funds cannot be stolen as long
 

00:22:21.120 --> 00:22:22.669 align:start position:0%
censored funds cannot be stolen as long
as<00:22:21.299><c> there</c><00:22:21.539><c> are</c><00:22:21.720><c> no</c><00:22:21.840><c> bugs</c><00:22:22.260><c> in</c><00:22:22.500><c> the</c>

00:22:22.669 --> 00:22:22.679 align:start position:0%
as there are no bugs in the
 

00:22:22.679 --> 00:22:26.510 align:start position:0%
as there are no bugs in the
implementation<00:22:23.539><c> and</c><00:22:24.539><c> this</c><00:22:24.900><c> is</c><00:22:25.020><c> the</c><00:22:25.200><c> uh</c><00:22:25.980><c> how</c><00:22:26.340><c> we</c>

00:22:26.510 --> 00:22:26.520 align:start position:0%
implementation and this is the uh how we
 

00:22:26.520 --> 00:22:29.990 align:start position:0%
implementation and this is the uh how we
actually<00:22:26.760><c> show</c><00:22:27.440><c> uh</c><00:22:28.440><c> who</c><00:22:29.100><c> is</c><00:22:29.280><c> validating</c><00:22:29.760><c> all</c>

00:22:29.990 --> 00:22:30.000 align:start position:0%
actually show uh who is validating all
 

00:22:30.000 --> 00:22:32.090 align:start position:0%
actually show uh who is validating all
these<00:22:30.240><c> Bridges</c><00:22:30.659><c> and</c><00:22:31.200><c> I</c><00:22:31.380><c> think</c><00:22:31.559><c> this</c><00:22:31.799><c> is</c><00:22:31.919><c> the</c>

00:22:32.090 --> 00:22:32.100 align:start position:0%
these Bridges and I think this is the
 

00:22:32.100 --> 00:22:33.649 align:start position:0%
these Bridges and I think this is the
most<00:22:32.280><c> important</c><00:22:32.640><c> column</c><00:22:33.059><c> that</c><00:22:33.360><c> you</c><00:22:33.480><c> should</c>

00:22:33.649 --> 00:22:33.659 align:start position:0%
most important column that you should
 

00:22:33.659 --> 00:22:37.070 align:start position:0%
most important column that you should
all<00:22:33.900><c> Focus</c><00:22:34.559><c> if</c><00:22:34.980><c> you</c><00:22:35.159><c> want</c><00:22:35.400><c> to</c><00:22:35.520><c> understand</c><00:22:36.080><c> uh</c>

00:22:37.070 --> 00:22:37.080 align:start position:0%
all Focus if you want to understand uh
 

00:22:37.080 --> 00:22:40.430 align:start position:0%
all Focus if you want to understand uh
how<00:22:37.500><c> a</c><00:22:37.740><c> particular</c><00:22:38.039><c> Bridge</c><00:22:38.340><c> operates</c>

00:22:40.430 --> 00:22:40.440 align:start position:0%
how a particular Bridge operates
 

00:22:40.440 --> 00:22:43.970 align:start position:0%
how a particular Bridge operates
then<00:22:40.919><c> we</c><00:22:41.100><c> have</c><00:22:41.220><c> the</c><00:22:41.340><c> upgradability</c><00:22:42.000><c> uh</c><00:22:42.840><c> so</c><00:22:43.679><c> so</c>

00:22:43.970 --> 00:22:43.980 align:start position:0%
then we have the upgradability uh so so
 

00:22:43.980 --> 00:22:46.010 align:start position:0%
then we have the upgradability uh so so
this<00:22:44.340><c> is</c><00:22:44.940><c> essentially</c><00:22:45.720><c> the</c><00:22:45.900><c> information</c>

00:22:46.010 --> 00:22:46.020 align:start position:0%
this is essentially the information
 

00:22:46.020 --> 00:22:47.690 align:start position:0%
this is essentially the information
whether<00:22:46.440><c> the</c><00:22:46.620><c> bridge</c><00:22:46.799><c> can</c><00:22:47.039><c> be</c><00:22:47.100><c> upgraded</c><00:22:47.520><c> and</c>

00:22:47.690 --> 00:22:47.700 align:start position:0%
whether the bridge can be upgraded and
 

00:22:47.700 --> 00:22:50.330 align:start position:0%
whether the bridge can be upgraded and
who<00:22:47.940><c> have</c><00:22:48.179><c> got</c><00:22:48.360><c> the</c><00:22:48.539><c> upgrade</c><00:22:48.900><c> power</c><00:22:49.159><c> and</c><00:22:50.159><c> again</c>

00:22:50.330 --> 00:22:50.340 align:start position:0%
who have got the upgrade power and again
 

00:22:50.340 --> 00:22:53.450 align:start position:0%
who have got the upgrade power and again
we<00:22:51.179><c> kind</c><00:22:51.360><c> of</c><00:22:51.419><c> have</c><00:22:51.600><c> to</c><00:22:51.780><c> assume</c><00:22:52.200><c> that</c><00:22:52.500><c> whoever's</c>

00:22:53.450 --> 00:22:53.460 align:start position:0%
we kind of have to assume that whoever's
 

00:22:53.460 --> 00:22:55.669 align:start position:0%
we kind of have to assume that whoever's
got<00:22:53.580><c> this</c><00:22:53.760><c> power</c><00:22:53.940><c> is</c><00:22:54.120><c> honest</c><00:22:54.539><c> so</c><00:22:55.260><c> this</c><00:22:55.440><c> is</c><00:22:55.500><c> a</c>

00:22:55.669 --> 00:22:55.679 align:start position:0%
got this power is honest so this is a
 

00:22:55.679 --> 00:22:57.110 align:start position:0%
got this power is honest so this is a
very<00:22:55.860><c> important</c><00:22:56.159><c> security</c><00:22:56.340><c> assumption</c><00:22:56.940><c> if</c>

00:22:57.110 --> 00:22:57.120 align:start position:0%
very important security assumption if
 

00:22:57.120 --> 00:22:58.909 align:start position:0%
very important security assumption if
you<00:22:57.240><c> can</c><00:22:57.360><c> upgrade</c><00:22:57.720><c> the</c><00:22:57.900><c> bridge</c><00:22:58.080><c> you</c><00:22:58.620><c> can</c><00:22:58.679><c> steal</c>

00:22:58.909 --> 00:22:58.919 align:start position:0%
you can upgrade the bridge you can steal
 

00:22:58.919 --> 00:23:02.090 align:start position:0%
you can upgrade the bridge you can steal
all<00:22:59.100><c> the</c><00:22:59.220><c> funds</c><00:22:59.580><c> that's</c><00:22:59.940><c> as</c><00:23:00.240><c> simple</c><00:23:00.419><c> as</c><00:23:00.600><c> that</c>

00:23:02.090 --> 00:23:02.100 align:start position:0%
all the funds that's as simple as that
 

00:23:02.100 --> 00:23:04.730 align:start position:0%
all the funds that's as simple as that
and<00:23:02.820><c> finally</c><00:23:03.179><c> and</c><00:23:03.659><c> I</c><00:23:03.780><c> think</c><00:23:03.900><c> this</c><00:23:04.140><c> is</c><00:23:04.260><c> the</c><00:23:04.500><c> most</c>

00:23:04.730 --> 00:23:04.740 align:start position:0%
and finally and I think this is the most
 

00:23:04.740 --> 00:23:06.230 align:start position:0%
and finally and I think this is the most
interesting<00:23:05.159><c> aspect</c><00:23:05.520><c> which</c><00:23:05.820><c> is</c><00:23:05.880><c> often</c>

00:23:06.230 --> 00:23:06.240 align:start position:0%
interesting aspect which is often
 

00:23:06.240 --> 00:23:09.350 align:start position:0%
interesting aspect which is often
overlooked<00:23:06.840><c> is</c><00:23:07.799><c> who's</c><00:23:08.220><c> got</c><00:23:08.520><c> the</c><00:23:08.820><c> minting</c>

00:23:09.350 --> 00:23:09.360 align:start position:0%
overlooked is who's got the minting
 

00:23:09.360 --> 00:23:11.390 align:start position:0%
overlooked is who's got the minting
power<00:23:09.539><c> on</c><00:23:09.840><c> the</c><00:23:09.960><c> destination</c><00:23:10.440><c> right</c><00:23:10.740><c> so</c><00:23:11.100><c> take</c>

00:23:11.390 --> 00:23:11.400 align:start position:0%
power on the destination right so take
 

00:23:11.400 --> 00:23:14.510 align:start position:0%
power on the destination right so take
again<00:23:11.640><c> die</c><00:23:12.000><c> as</c><00:23:12.240><c> an</c><00:23:12.419><c> example</c><00:23:12.659><c> uh</c><00:23:13.620><c> if</c><00:23:14.159><c> you</c><00:23:14.280><c> move</c>

00:23:14.510 --> 00:23:14.520 align:start position:0%
again die as an example uh if you move
 

00:23:14.520 --> 00:23:18.830 align:start position:0%
again die as an example uh if you move
uh<00:23:15.059><c> die</c><00:23:15.500><c> via</c><00:23:16.500><c> three</c><00:23:17.039><c> different</c><00:23:17.220><c> Bridges</c><00:23:17.840><c> uh</c>

00:23:18.830 --> 00:23:18.840 align:start position:0%
uh die via three different Bridges uh
 

00:23:18.840 --> 00:23:22.789 align:start position:0%
uh die via three different Bridges uh
let's<00:23:19.380><c> say</c><00:23:19.620><c> use</c><00:23:20.460><c> the</c><00:23:21.120><c> uh</c><00:23:21.419><c> make</c><00:23:22.140><c> a</c><00:23:22.320><c> dial</c><00:23:22.500><c> bridge</c>

00:23:22.789 --> 00:23:22.799 align:start position:0%
let's say use the uh make a dial bridge
 

00:23:22.799 --> 00:23:25.010 align:start position:0%
let's say use the uh make a dial bridge
and<00:23:23.400><c> move</c><00:23:23.520><c> your</c><00:23:23.700><c> die</c><00:23:23.880><c> to</c><00:23:24.120><c> arbitrum</c><00:23:24.659><c> Optimus</c>

00:23:25.010 --> 00:23:25.020 align:start position:0%
and move your die to arbitrum Optimus
 

00:23:25.020 --> 00:23:27.230 align:start position:0%
and move your die to arbitrum Optimus
start<00:23:25.260><c> net</c><00:23:25.500><c> your</c><00:23:26.340><c> diary</c><00:23:26.700><c> will</c><00:23:26.880><c> be</c><00:23:26.940><c> essentially</c>

00:23:27.230 --> 00:23:27.240 align:start position:0%
start net your diary will be essentially
 

00:23:27.240 --> 00:23:29.169 align:start position:0%
start net your diary will be essentially
minted<00:23:27.600><c> by</c><00:23:27.780><c> make</c><00:23:27.900><c> a</c><00:23:28.140><c> dial</c><00:23:28.260><c> contracts</c><00:23:28.860><c> right</c>

00:23:29.169 --> 00:23:29.179 align:start position:0%
minted by make a dial contracts right
 

00:23:29.179 --> 00:23:32.390 align:start position:0%
minted by make a dial contracts right
and<00:23:30.179><c> it</c><00:23:30.480><c> will</c><00:23:30.659><c> have</c><00:23:31.039><c> exactly</c><00:23:32.039><c> the</c><00:23:32.220><c> same</c>

00:23:32.390 --> 00:23:32.400 align:start position:0%
and it will have exactly the same
 

00:23:32.400 --> 00:23:35.090 align:start position:0%
and it will have exactly the same
properties<00:23:32.820><c> as</c><00:23:33.000><c> your</c><00:23:33.240><c> die</c><00:23:33.419><c> on</c><00:23:33.720><c> the</c><00:23:34.100><c> mainnet</c>

00:23:35.090 --> 00:23:35.100 align:start position:0%
properties as your die on the mainnet
 

00:23:35.100 --> 00:23:36.770 align:start position:0%
properties as your die on the mainnet
but<00:23:35.280><c> if</c><00:23:35.400><c> you</c><00:23:35.460><c> move</c><00:23:35.640><c> dive</c><00:23:35.940><c> through</c><00:23:36.179><c> the</c><00:23:36.360><c> polygon</c>

00:23:36.770 --> 00:23:36.780 align:start position:0%
but if you move dive through the polygon
 

00:23:36.780 --> 00:23:38.810 align:start position:0%
but if you move dive through the polygon
bridge<00:23:36.960><c> then</c><00:23:37.500><c> your</c><00:23:37.740><c> die</c><00:23:37.980><c> on</c><00:23:38.159><c> polygon</c><00:23:38.580><c> will</c><00:23:38.760><c> be</c>

00:23:38.810 --> 00:23:38.820 align:start position:0%
bridge then your die on polygon will be
 

00:23:38.820 --> 00:23:41.149 align:start position:0%
bridge then your die on polygon will be
minted<00:23:39.120><c> by</c><00:23:39.240><c> polygon</c><00:23:39.659><c> validators</c><00:23:40.320><c> and</c><00:23:40.919><c> they</c>

00:23:41.149 --> 00:23:41.159 align:start position:0%
minted by polygon validators and they
 

00:23:41.159 --> 00:23:42.590 align:start position:0%
minted by polygon validators and they
might<00:23:41.280><c> actually</c><00:23:41.460><c> have</c><00:23:41.700><c> the</c><00:23:41.820><c> upgrade</c><00:23:42.120><c> power</c><00:23:42.360><c> of</c>

00:23:42.590 --> 00:23:42.600 align:start position:0%
might actually have the upgrade power of
 

00:23:42.600 --> 00:23:45.110 align:start position:0%
might actually have the upgrade power of
the<00:23:42.780><c> die</c><00:23:42.960><c> and</c><00:23:43.559><c> finally</c><00:23:43.799><c> if</c><00:23:44.039><c> you</c><00:23:44.159><c> move</c><00:23:44.340><c> Dai</c><00:23:44.820><c> on</c>

00:23:45.110 --> 00:23:45.120 align:start position:0%
the die and finally if you move Dai on
 

00:23:45.120 --> 00:23:48.850 align:start position:0%
the die and finally if you move Dai on
Phantom<00:23:45.480><c> it</c><00:23:45.720><c> will</c><00:23:45.840><c> be</c><00:23:45.960><c> minted</c><00:23:46.700><c> by</c><00:23:47.700><c> multi-chain</c>

00:23:48.850 --> 00:23:48.860 align:start position:0%
Phantom it will be minted by multi-chain
 

00:23:48.860 --> 00:23:52.669 align:start position:0%
Phantom it will be minted by multi-chain
multi-seek<00:23:49.860><c> right</c><00:23:50.640><c> so</c><00:23:51.000><c> again</c><00:23:51.559><c> it's</c><00:23:52.559><c> a</c>

00:23:52.669 --> 00:23:52.679 align:start position:0%
multi-seek right so again it's a
 

00:23:52.679 --> 00:23:54.529 align:start position:0%
multi-seek right so again it's a
question<00:23:52.799><c> to</c><00:23:53.100><c> you</c><00:23:53.220><c> I</c><00:23:53.520><c> mean</c><00:23:53.700><c> how</c><00:23:53.940><c> secure</c><00:23:54.299><c> you</c>

00:23:54.529 --> 00:23:54.539 align:start position:0%
question to you I mean how secure you
 

00:23:54.539 --> 00:23:57.289 align:start position:0%
question to you I mean how secure you
feel<00:23:54.780><c> with</c><00:23:55.020><c> your</c><00:23:55.140><c> die</c><00:23:55.320><c> in</c><00:23:55.559><c> your</c><00:23:55.679><c> wallet</c>

00:23:57.289 --> 00:23:57.299 align:start position:0%
feel with your die in your wallet
 

00:23:57.299 --> 00:23:59.930 align:start position:0%
feel with your die in your wallet
uh<00:23:57.960><c> so</c><00:23:58.200><c> this</c><00:23:58.380><c> is</c><00:23:58.440><c> the</c><00:23:58.679><c> last</c><00:23:58.799><c> column</c><00:23:59.280><c> uh</c><00:23:59.640><c> that</c><00:23:59.820><c> we</c>

00:23:59.930 --> 00:23:59.940 align:start position:0%
uh so this is the last column uh that we
 

00:23:59.940 --> 00:24:01.850 align:start position:0%
uh so this is the last column uh that we
show<00:24:00.120><c> on</c><00:24:00.419><c> our</c><00:24:00.539><c> framework</c>

00:24:01.850 --> 00:24:01.860 align:start position:0%
show on our framework
 

00:24:01.860 --> 00:24:05.810 align:start position:0%
show on our framework
and<00:24:02.760><c> as</c><00:24:03.360><c> I</c><00:24:03.480><c> said</c><00:24:03.600><c> before</c><00:24:03.860><c> uh</c><00:24:04.860><c> I</c><00:24:05.159><c> guess</c><00:24:05.340><c> you</c><00:24:05.760><c> know</c>

00:24:05.810 --> 00:24:05.820 align:start position:0%
and as I said before uh I guess you know
 

00:24:05.820 --> 00:24:08.630 align:start position:0%
and as I said before uh I guess you know
the<00:24:06.120><c> the</c><00:24:06.360><c> the</c><00:24:07.080><c> end</c><00:24:07.440><c> game</c><00:24:07.740><c> for</c><00:24:08.159><c> all</c><00:24:08.340><c> of</c><00:24:08.460><c> us</c>

00:24:08.630 --> 00:24:08.640 align:start position:0%
the the the end game for all of us
 

00:24:08.640 --> 00:24:12.350 align:start position:0%
the the the end game for all of us
should<00:24:09.480><c> be</c><00:24:09.659><c> to</c><00:24:10.140><c> build</c><00:24:10.200><c> trustless</c><00:24:10.679><c> Bridges</c>

00:24:12.350 --> 00:24:12.360 align:start position:0%
should be to build trustless Bridges
 

00:24:12.360 --> 00:24:15.470 align:start position:0%
should be to build trustless Bridges
um<00:24:12.480><c> because</c><00:24:13.020><c> everything</c><00:24:13.380><c> else</c><00:24:13.740><c> uh</c><00:24:14.640><c> we</c><00:24:15.179><c> need</c><00:24:15.360><c> to</c>

00:24:15.470 --> 00:24:15.480 align:start position:0%
um because everything else uh we need to
 

00:24:15.480 --> 00:24:18.289 align:start position:0%
um because everything else uh we need to
put<00:24:15.780><c> our</c><00:24:16.020><c> trust</c><00:24:16.320><c> on</c><00:24:16.740><c> some</c><00:24:16.980><c> uh</c><00:24:17.760><c> some</c><00:24:18.120><c> other</c>

00:24:18.289 --> 00:24:18.299 align:start position:0%
put our trust on some uh some other
 

00:24:18.299 --> 00:24:20.570 align:start position:0%
put our trust on some uh some other
parties<00:24:18.840><c> and</c><00:24:19.380><c> these</c><00:24:19.740><c> bridges</c><00:24:20.100><c> are</c><00:24:20.220><c> very</c><00:24:20.400><c> very</c>

00:24:20.570 --> 00:24:20.580 align:start position:0%
parties and these bridges are very very
 

00:24:20.580 --> 00:24:23.090 align:start position:0%
parties and these bridges are very very
hard<00:24:20.820><c> to</c><00:24:21.000><c> build</c>

00:24:23.090 --> 00:24:23.100 align:start position:0%
hard to build
 

00:24:23.100 --> 00:24:26.690 align:start position:0%
hard to build
we<00:24:23.640><c> had</c><00:24:23.820><c> some</c><00:24:24.720><c> problems</c><00:24:25.500><c> with</c><00:24:25.860><c> arbitrine</c>

00:24:26.690 --> 00:24:26.700 align:start position:0%
we had some problems with arbitrine
 

00:24:26.700 --> 00:24:28.850 align:start position:0%
we had some problems with arbitrine
Bridge<00:24:26.880><c> uh</c><00:24:27.720><c> there</c><00:24:27.960><c> was</c><00:24:28.080><c> a</c><00:24:28.260><c> bug</c><00:24:28.380><c> it</c><00:24:28.740><c> was</c>

00:24:28.850 --> 00:24:28.860 align:start position:0%
Bridge uh there was a bug it was
 

00:24:28.860 --> 00:24:33.649 align:start position:0%
Bridge uh there was a bug it was
essentially<00:24:29.840><c> uh</c><00:24:30.840><c> fortunately</c><00:24:31.440><c> uh</c><00:24:32.880><c> uh</c>

00:24:33.649 --> 00:24:33.659 align:start position:0%
essentially uh fortunately uh uh
 

00:24:33.659 --> 00:24:35.510 align:start position:0%
essentially uh fortunately uh uh
uncovered<00:24:34.440><c> and</c><00:24:34.620><c> the</c><00:24:34.740><c> bridge</c><00:24:34.860><c> wasn't</c><00:24:35.100><c> hacked</c>

00:24:35.510 --> 00:24:35.520 align:start position:0%
uncovered and the bridge wasn't hacked
 

00:24:35.520 --> 00:24:36.890 align:start position:0%
uncovered and the bridge wasn't hacked
but<00:24:35.820><c> uh</c>

00:24:36.890 --> 00:24:36.900 align:start position:0%
but uh
 

00:24:36.900 --> 00:24:39.350 align:start position:0%
but uh
but<00:24:37.440><c> as</c><00:24:37.559><c> you</c><00:24:37.740><c> can</c><00:24:37.860><c> see</c><00:24:37.980><c> you</c><00:24:38.340><c> know</c><00:24:38.460><c> uh</c><00:24:39.120><c> the</c>

00:24:39.350 --> 00:24:39.360 align:start position:0%
but as you can see you know uh the
 

00:24:39.360 --> 00:24:41.810 align:start position:0%
but as you can see you know uh the
roll-up<00:24:39.720><c> Bridges</c><00:24:40.140><c> can</c><00:24:40.320><c> be</c><00:24:40.440><c> buggy</c><00:24:40.860><c> uh</c><00:24:41.580><c> same</c>

00:24:41.810 --> 00:24:41.820 align:start position:0%
roll-up Bridges can be buggy uh same
 

00:24:41.820 --> 00:24:44.330 align:start position:0%
roll-up Bridges can be buggy uh same
situation<00:24:42.179><c> happened</c><00:24:42.480><c> in</c><00:24:42.780><c> optimism</c>

00:24:44.330 --> 00:24:44.340 align:start position:0%
situation happened in optimism
 

00:24:44.340 --> 00:24:47.149 align:start position:0%
situation happened in optimism
um<00:24:44.460><c> and</c><00:24:45.120><c> this</c><00:24:45.419><c> is</c><00:24:45.539><c> one</c><00:24:45.720><c> of</c><00:24:45.840><c> the</c><00:24:45.900><c> reasons</c><00:24:46.260><c> why</c><00:24:46.620><c> uh</c>

00:24:47.149 --> 00:24:47.159 align:start position:0%
um and this is one of the reasons why uh
 

00:24:47.159 --> 00:24:49.669 align:start position:0%
um and this is one of the reasons why uh
these<00:24:47.460><c> bridges</c><00:24:47.820><c> are</c><00:24:48.059><c> right</c><00:24:48.539><c> now</c><00:24:48.780><c> not</c><00:24:49.320><c> fully</c>

00:24:49.669 --> 00:24:49.679 align:start position:0%
these bridges are right now not fully
 

00:24:49.679 --> 00:24:52.010 align:start position:0%
these bridges are right now not fully
yet<00:24:50.280><c> permissionless</c><00:24:51.000><c> and</c><00:24:51.360><c> I</c><00:24:51.480><c> hope</c><00:24:51.600><c> they</c><00:24:51.780><c> will</c>

00:24:52.010 --> 00:24:52.020 align:start position:0%
yet permissionless and I hope they will
 

00:24:52.020 --> 00:24:55.010 align:start position:0%
yet permissionless and I hope they will
be<00:24:52.280><c> uh</c><00:24:53.280><c> very</c><00:24:53.520><c> very</c><00:24:53.700><c> soon</c><00:24:53.940><c> but</c><00:24:54.480><c> even</c><00:24:54.720><c> more</c>

00:24:55.010 --> 00:24:55.020 align:start position:0%
be uh very very soon but even more
 

00:24:55.020 --> 00:24:56.990 align:start position:0%
be uh very very soon but even more
importantly<00:24:55.500><c> as</c><00:24:56.159><c> you</c><00:24:56.340><c> can</c><00:24:56.460><c> see</c><00:24:56.520><c> from</c><00:24:56.820><c> this</c>

00:24:56.990 --> 00:24:57.000 align:start position:0%
importantly as you can see from this
 

00:24:57.000 --> 00:25:00.470 align:start position:0%
importantly as you can see from this
transaction<00:24:57.500><c> uh</c><00:24:58.500><c> that's</c><00:24:58.740><c> actually</c><00:24:58.980><c> moving</c><00:24:59.480><c> uh</c>

00:25:00.470 --> 00:25:00.480 align:start position:0%
transaction uh that's actually moving uh
 

00:25:00.480 --> 00:25:04.070 align:start position:0%
transaction uh that's actually moving uh
how<00:25:00.720><c> much</c><00:25:00.840><c> is</c><00:25:01.020><c> it</c><00:25:01.140><c> this</c><00:25:01.919><c> is</c><00:25:02.100><c> actually</c><00:25:02.280><c> seven</c><00:25:03.120><c> uh</c>

00:25:04.070 --> 00:25:04.080 align:start position:0%
how much is it this is actually seven uh
 

00:25:04.080 --> 00:25:07.610 align:start position:0%
how much is it this is actually seven uh
over<00:25:04.500><c> 700</c><00:25:05.520><c> 000</c><00:25:05.640><c> ether</c><00:25:06.120><c> from</c><00:25:06.960><c> one</c><00:25:07.140><c> version</c><00:25:07.320><c> of</c>

00:25:07.610 --> 00:25:07.620 align:start position:0%
over 700 000 ether from one version of
 

00:25:07.620 --> 00:25:09.169 align:start position:0%
over 700 000 ether from one version of
the<00:25:07.679><c> bridge</c><00:25:07.860><c> to</c><00:25:08.100><c> another</c><00:25:08.220><c> version</c><00:25:08.820><c> of</c><00:25:09.059><c> a</c>

00:25:09.169 --> 00:25:09.179 align:start position:0%
the bridge to another version of a
 

00:25:09.179 --> 00:25:11.810 align:start position:0%
the bridge to another version of a
bridge<00:25:09.360><c> and</c><00:25:09.960><c> that</c><00:25:10.200><c> power</c><00:25:10.500><c> has</c><00:25:11.039><c> a</c><00:25:11.280><c> arbitrary</c>

00:25:11.810 --> 00:25:11.820 align:start position:0%
bridge and that power has a arbitrary
 

00:25:11.820 --> 00:25:15.470 align:start position:0%
bridge and that power has a arbitrary
multi-sig<00:25:12.720><c> right</c><00:25:13.320><c> so</c><00:25:14.280><c> even</c><00:25:14.820><c> though</c><00:25:15.059><c> you</c><00:25:15.360><c> may</c>

00:25:15.470 --> 00:25:15.480 align:start position:0%
multi-sig right so even though you may
 

00:25:15.480 --> 00:25:16.909 align:start position:0%
multi-sig right so even though you may
think<00:25:15.600><c> that</c><00:25:15.780><c> arbitrine</c><00:25:16.260><c> has</c><00:25:16.380><c> fraud</c><00:25:16.620><c> proofs</c>

00:25:16.909 --> 00:25:16.919 align:start position:0%
think that arbitrine has fraud proofs
 

00:25:16.919 --> 00:25:19.490 align:start position:0%
think that arbitrine has fraud proofs
and<00:25:17.039><c> whatnot</c><00:25:17.460><c> uh</c><00:25:18.179><c> they</c><00:25:18.840><c> still</c><00:25:19.080><c> have</c><00:25:19.320><c> a</c>

00:25:19.490 --> 00:25:19.500 align:start position:0%
and whatnot uh they still have a
 

00:25:19.500 --> 00:25:21.350 align:start position:0%
and whatnot uh they still have a
multi-stick<00:25:19.919><c> that</c><00:25:20.220><c> can</c><00:25:20.340><c> move</c><00:25:20.460><c> all</c><00:25:20.820><c> the</c><00:25:21.000><c> funds</c>

00:25:21.350 --> 00:25:21.360 align:start position:0%
multi-stick that can move all the funds
 

00:25:21.360 --> 00:25:23.570 align:start position:0%
multi-stick that can move all the funds
from<00:25:21.900><c> the</c><00:25:22.080><c> bridge</c><00:25:22.260><c> and</c><00:25:22.679><c> they</c><00:25:22.799><c> did</c><00:25:22.980><c> in</c><00:25:23.460><c> this</c>

00:25:23.570 --> 00:25:23.580 align:start position:0%
from the bridge and they did in this
 

00:25:23.580 --> 00:25:25.250 align:start position:0%
from the bridge and they did in this
very<00:25:23.760><c> transaction</c><00:25:24.299><c> and</c><00:25:24.659><c> it</c><00:25:24.840><c> doesn't</c><00:25:25.020><c> really</c>

00:25:25.250 --> 00:25:25.260 align:start position:0%
very transaction and it doesn't really
 

00:25:25.260 --> 00:25:27.649 align:start position:0%
very transaction and it doesn't really
raise<00:25:25.559><c> any</c><00:25:25.860><c> alarm</c><00:25:26.100><c> so</c><00:25:26.700><c> that</c><00:25:26.820><c> was</c><00:25:27.000><c> kind</c><00:25:27.179><c> of</c><00:25:27.299><c> uh</c>

00:25:27.649 --> 00:25:27.659 align:start position:0%
raise any alarm so that was kind of uh
 

00:25:27.659 --> 00:25:29.210 align:start position:0%
raise any alarm so that was kind of uh
interesting

00:25:29.210 --> 00:25:29.220 align:start position:0%
interesting
 

00:25:29.220 --> 00:25:32.570 align:start position:0%
interesting
um<00:25:29.279><c> we</c><00:25:29.940><c> uh</c><00:25:30.539><c> we</c><00:25:30.840><c> saw</c><00:25:30.900><c> this</c><00:25:31.140><c> transaction</c><00:25:31.500><c> and</c><00:25:32.100><c> you</c>

00:25:32.570 --> 00:25:32.580 align:start position:0%
um we uh we saw this transaction and you
 

00:25:32.580 --> 00:25:34.549 align:start position:0%
um we uh we saw this transaction and you
know<00:25:32.700><c> we</c><00:25:32.880><c> analyzed</c><00:25:33.360><c> this</c><00:25:33.480><c> transaction</c><00:25:33.960><c> it</c><00:25:34.440><c> was</c>

00:25:34.549 --> 00:25:34.559 align:start position:0%
know we analyzed this transaction it was
 

00:25:34.559 --> 00:25:37.430 align:start position:0%
know we analyzed this transaction it was
an<00:25:34.860><c> upgrade</c><00:25:35.220><c> and</c><00:25:35.880><c> everyone</c><00:25:36.360><c> knew</c><00:25:36.779><c> that</c><00:25:37.020><c> which</c>

00:25:37.430 --> 00:25:37.440 align:start position:0%
an upgrade and everyone knew that which
 

00:25:37.440 --> 00:25:40.610 align:start position:0%
an upgrade and everyone knew that which
one<00:25:37.679><c> uh</c><00:25:38.220><c> was</c><00:25:38.820><c> about</c><00:25:39.000><c> to</c><00:25:39.240><c> upgrade</c><00:25:39.600><c> but</c><00:25:39.960><c> seeing</c>

00:25:40.610 --> 00:25:40.620 align:start position:0%
one uh was about to upgrade but seeing
 

00:25:40.620 --> 00:25:42.250 align:start position:0%
one uh was about to upgrade but seeing
such<00:25:40.740><c> a</c><00:25:40.860><c> transaction</c><00:25:41.220><c> moving</c><00:25:41.760><c> essentially</c>

00:25:42.250 --> 00:25:42.260 align:start position:0%
such a transaction moving essentially
 

00:25:42.260 --> 00:25:46.490 align:start position:0%
such a transaction moving essentially
building<00:25:43.260><c> some</c><00:25:43.559><c> funds</c><00:25:43.919><c> in</c><00:25:44.220><c> one</c><00:25:44.539><c> one</c><00:25:45.539><c> move</c><00:25:46.080><c> you</c>

00:25:46.490 --> 00:25:46.500 align:start position:0%
building some funds in one one move you
 

00:25:46.500 --> 00:25:48.830 align:start position:0%
building some funds in one one move you
know<00:25:46.620><c> it's</c><00:25:46.799><c> it's</c><00:25:46.980><c> kind</c><00:25:47.460><c> of</c><00:25:47.580><c> scary</c>

00:25:48.830 --> 00:25:48.840 align:start position:0%
know it's it's kind of scary
 

00:25:48.840 --> 00:25:51.010 align:start position:0%
know it's it's kind of scary
so<00:25:49.440><c> to</c><00:25:49.860><c> sum</c><00:25:50.039><c> up</c>

00:25:51.010 --> 00:25:51.020 align:start position:0%
so to sum up
 

00:25:51.020 --> 00:25:54.710 align:start position:0%
so to sum up
we<00:25:52.020><c> kind</c><00:25:52.380><c> of</c><00:25:52.500><c> think</c><00:25:52.679><c> that</c><00:25:53.279><c> we</c><00:25:54.179><c> have</c><00:25:54.299><c> no</c><00:25:54.419><c> choice</c>

00:25:54.710 --> 00:25:54.720 align:start position:0%
we kind of think that we have no choice
 

00:25:54.720 --> 00:25:57.409 align:start position:0%
we kind of think that we have no choice
we<00:25:55.500><c> have</c><00:25:55.559><c> to</c><00:25:55.679><c> put</c><00:25:55.919><c> engineering</c><00:25:56.640><c> effort</c><00:25:57.059><c> into</c>

00:25:57.409 --> 00:25:57.419 align:start position:0%
we have to put engineering effort into
 

00:25:57.419 --> 00:26:00.529 align:start position:0%
we have to put engineering effort into
uh<00:25:58.020><c> building</c><00:25:58.500><c> those</c><00:25:58.919><c> roller</c><00:25:59.520><c> Bridges</c><00:25:59.940><c> I</c><00:26:00.480><c> don't</c>

00:26:00.529 --> 00:26:00.539 align:start position:0%
uh building those roller Bridges I don't
 

00:26:00.539 --> 00:26:02.870 align:start position:0%
uh building those roller Bridges I don't
think<00:26:00.720><c> it</c><00:26:00.900><c> makes</c><00:26:01.140><c> a</c><00:26:01.440><c> lot</c><00:26:01.500><c> of</c><00:26:01.679><c> sense</c><00:26:01.919><c> uh</c><00:26:02.580><c> moving</c>

00:26:02.870 --> 00:26:02.880 align:start position:0%
think it makes a lot of sense uh moving
 

00:26:02.880 --> 00:26:06.529 align:start position:0%
think it makes a lot of sense uh moving
forward<00:26:03.059><c> to</c><00:26:03.600><c> rely</c><00:26:04.440><c> on</c><00:26:04.919><c> on</c><00:26:05.039><c> third</c><00:26:05.520><c> parties</c><00:26:06.000><c> uh</c>

00:26:06.529 --> 00:26:06.539 align:start position:0%
forward to rely on on third parties uh
 

00:26:06.539 --> 00:26:08.570 align:start position:0%
forward to rely on on third parties uh
in<00:26:06.720><c> the</c><00:26:06.840><c> long</c><00:26:07.020><c> term</c><00:26:07.140><c> in</c><00:26:07.919><c> the</c><00:26:08.039><c> short</c><00:26:08.159><c> term</c><00:26:08.279><c> they</c>

00:26:08.570 --> 00:26:08.580 align:start position:0%
in the long term in the short term they
 

00:26:08.580 --> 00:26:10.010 align:start position:0%
in the long term in the short term they
might<00:26:08.760><c> be</c><00:26:08.880><c> quite</c><00:26:09.059><c> useful</c><00:26:09.360><c> because</c><00:26:09.600><c> we</c><00:26:09.900><c> need</c>

00:26:10.010 --> 00:26:10.020 align:start position:0%
might be quite useful because we need
 

00:26:10.020 --> 00:26:11.750 align:start position:0%
might be quite useful because we need
that<00:26:10.200><c> functionality</c><00:26:10.799><c> but</c><00:26:11.159><c> in</c><00:26:11.340><c> the</c><00:26:11.460><c> long</c><00:26:11.580><c> term</c>

00:26:11.750 --> 00:26:11.760 align:start position:0%
that functionality but in the long term
 

00:26:11.760 --> 00:26:13.909 align:start position:0%
that functionality but in the long term
eventually<00:26:12.539><c> we</c><00:26:12.840><c> need</c><00:26:12.960><c> to</c><00:26:13.080><c> find</c><00:26:13.320><c> a</c><00:26:13.559><c> way</c><00:26:13.679><c> to</c>

00:26:13.909 --> 00:26:13.919 align:start position:0%
eventually we need to find a way to
 

00:26:13.919 --> 00:26:16.850 align:start position:0%
eventually we need to find a way to
actually<00:26:14.100><c> make</c><00:26:14.460><c> sure</c><00:26:14.640><c> that</c><00:26:15.059><c> the</c><00:26:15.600><c> code</c><00:26:15.860><c> behind</c>

00:26:16.850 --> 00:26:16.860 align:start position:0%
actually make sure that the code behind
 

00:26:16.860 --> 00:26:19.669 align:start position:0%
actually make sure that the code behind
all<00:26:17.220><c> these</c><00:26:17.520><c> Roll-Ups</c><00:26:18.299><c> is</c><00:26:19.080><c> actually</c><00:26:19.260><c> secure</c>

00:26:19.669 --> 00:26:19.679 align:start position:0%
all these Roll-Ups is actually secure
 

00:26:19.679 --> 00:26:22.549 align:start position:0%
all these Roll-Ups is actually secure
and<00:26:20.159><c> as</c><00:26:20.279><c> I</c><00:26:20.400><c> said</c><00:26:20.520><c> before</c><00:26:20.700><c> I</c><00:26:21.120><c> mean</c><00:26:21.240><c> the</c><00:26:21.779><c> code</c><00:26:21.960><c> is</c>

00:26:22.549 --> 00:26:22.559 align:start position:0%
and as I said before I mean the code is
 

00:26:22.559 --> 00:26:25.310 align:start position:0%
and as I said before I mean the code is
very<00:26:22.799><c> very</c><00:26:22.980><c> complex</c><00:26:23.520><c> right</c><00:26:23.940><c> these</c><00:26:24.900><c> bridges</c>

00:26:25.310 --> 00:26:25.320 align:start position:0%
very very complex right these bridges
 

00:26:25.320 --> 00:26:29.149 align:start position:0%
very very complex right these bridges
are<00:26:25.679><c> actually</c><00:26:25.919><c> very</c><00:26:26.640><c> hard</c><00:26:27.000><c> to</c><00:26:27.179><c> analyze</c>

00:26:29.149 --> 00:26:29.159 align:start position:0%
are actually very hard to analyze
 

00:26:29.159 --> 00:26:32.210 align:start position:0%
are actually very hard to analyze
I<00:26:29.760><c> guess</c><00:26:30.000><c> for</c><00:26:30.960><c> a</c><00:26:31.080><c> while</c><00:26:31.200><c> none</c><00:26:31.860><c> of</c><00:26:31.980><c> these</c>

00:26:32.210 --> 00:26:32.220 align:start position:0%
I guess for a while none of these
 

00:26:32.220 --> 00:26:35.090 align:start position:0%
I guess for a while none of these
Roll-Ups<00:26:32.779><c> have</c><00:26:33.779><c> shed</c><00:26:34.080><c> the</c><00:26:34.380><c> training</c><00:26:34.740><c> wheels</c>

00:26:35.090 --> 00:26:35.100 align:start position:0%
Roll-Ups have shed the training wheels
 

00:26:35.100 --> 00:26:36.529 align:start position:0%
Roll-Ups have shed the training wheels
so

00:26:36.529 --> 00:26:36.539 align:start position:0%
so
 

00:26:36.539 --> 00:26:39.370 align:start position:0%
so
so<00:26:37.380><c> you</c><00:26:37.679><c> should</c><00:26:38.039><c> really</c><00:26:38.340><c> also</c><00:26:38.820><c> understand</c>

00:26:39.370 --> 00:26:39.380 align:start position:0%
so you should really also understand
 

00:26:39.380 --> 00:26:42.890 align:start position:0%
so you should really also understand
what<00:26:40.380><c> are</c><00:26:40.500><c> the</c><00:26:40.679><c> current</c><00:26:40.919><c> assumptions</c><00:26:41.820><c> uh</c><00:26:42.659><c> but</c>

00:26:42.890 --> 00:26:42.900 align:start position:0%
what are the current assumptions uh but
 

00:26:42.900 --> 00:26:45.350 align:start position:0%
what are the current assumptions uh but
every<00:26:43.080><c> single</c><00:26:43.320><c> team</c><00:26:43.559><c> that</c><00:26:43.860><c> we</c><00:26:44.039><c> talk</c><00:26:44.220><c> to</c><00:26:44.520><c> they</c>

00:26:45.350 --> 00:26:45.360 align:start position:0%
every single team that we talk to they
 

00:26:45.360 --> 00:26:47.870 align:start position:0%
every single team that we talk to they
have<00:26:45.659><c> promised</c><00:26:46.080><c> us</c><00:26:46.200><c> that</c><00:26:46.440><c> eventually</c><00:26:46.919><c> these</c>

00:26:47.870 --> 00:26:47.880 align:start position:0%
have promised us that eventually these
 

00:26:47.880 --> 00:26:50.930 align:start position:0%
have promised us that eventually these
training<00:26:48.240><c> wheels</c><00:26:48.840><c> uh</c><00:26:49.260><c> will</c><00:26:49.500><c> be</c><00:26:49.620><c> shed</c><00:26:49.940><c> so</c>

00:26:50.930 --> 00:26:50.940 align:start position:0%
training wheels uh will be shed so
 

00:26:50.940 --> 00:26:52.370 align:start position:0%
training wheels uh will be shed so
there's<00:26:51.120><c> there's</c><00:26:51.360><c> some</c><00:26:51.600><c> hope</c><00:26:51.779><c> for</c><00:26:52.140><c> the</c><00:26:52.260><c> future</c>

00:26:52.370 --> 00:26:52.380 align:start position:0%
there's there's some hope for the future
 

00:26:52.380 --> 00:26:54.169 align:start position:0%
there's there's some hope for the future
but<00:26:52.740><c> how</c><00:26:52.980><c> do</c><00:26:53.100><c> we</c><00:26:53.159><c> make</c><00:26:53.340><c> sure</c><00:26:53.580><c> that</c><00:26:53.940><c> such</c>

00:26:54.169 --> 00:26:54.179 align:start position:0%
but how do we make sure that such
 

00:26:54.179 --> 00:26:56.990 align:start position:0%
but how do we make sure that such
complex<00:26:54.600><c> software</c><00:26:55.020><c> is</c><00:26:55.500><c> bug</c><00:26:55.740><c> free</c><00:26:56.039><c> and</c><00:26:56.640><c> how</c><00:26:56.880><c> to</c>

00:26:56.990 --> 00:26:57.000 align:start position:0%
complex software is bug free and how to
 

00:26:57.000 --> 00:27:01.310 align:start position:0%
complex software is bug free and how to
make<00:26:57.179><c> sure</c><00:26:57.799><c> that</c><00:26:59.120><c> these</c><00:27:00.120><c> roll</c><00:27:00.240><c> ups</c><00:27:00.659><c> will</c><00:27:01.200><c> not</c>

00:27:01.310 --> 00:27:01.320 align:start position:0%
make sure that these roll ups will not
 

00:27:01.320 --> 00:27:04.430 align:start position:0%
make sure that these roll ups will not
be<00:27:01.620><c> hacked</c><00:27:02.520><c> in</c><00:27:02.700><c> uh</c><00:27:03.000><c> ensuing</c><00:27:03.480><c> months</c><00:27:03.900><c> and</c><00:27:04.320><c> I</c>

00:27:04.430 --> 00:27:04.440 align:start position:0%
be hacked in uh ensuing months and I
 

00:27:04.440 --> 00:27:05.570 align:start position:0%
be hacked in uh ensuing months and I
think<00:27:04.559><c> this</c><00:27:04.799><c> is</c><00:27:04.919><c> probably</c><00:27:05.100><c> one</c><00:27:05.400><c> of</c><00:27:05.460><c> the</c>

00:27:05.570 --> 00:27:05.580 align:start position:0%
think this is probably one of the
 

00:27:05.580 --> 00:27:07.789 align:start position:0%
think this is probably one of the
hardest<00:27:05.940><c> questions</c><00:27:06.299><c> from</c><00:27:07.140><c> the</c><00:27:07.380><c> engineering</c>

00:27:07.789 --> 00:27:07.799 align:start position:0%
hardest questions from the engineering
 

00:27:07.799 --> 00:27:09.289 align:start position:0%
hardest questions from the engineering
perspective<00:27:08.220><c> and</c>

00:27:09.289 --> 00:27:09.299 align:start position:0%
perspective and
 

00:27:09.299 --> 00:27:10.730 align:start position:0%
perspective and
from<00:27:09.779><c> the</c><00:27:09.960><c> perspective</c><00:27:10.320><c> of</c><00:27:10.500><c> the</c><00:27:10.620><c> whole</c>

00:27:10.730 --> 00:27:10.740 align:start position:0%
from the perspective of the whole
 

00:27:10.740 --> 00:27:11.590 align:start position:0%
from the perspective of the whole
Community

00:27:11.590 --> 00:27:11.600 align:start position:0%
Community
 

00:27:11.600 --> 00:27:14.750 align:start position:0%
Community
we<00:27:12.600><c> don't</c><00:27:12.779><c> seem</c><00:27:13.620><c> to</c><00:27:13.799><c> have</c><00:27:13.980><c> a</c><00:27:14.100><c> solution</c><00:27:14.400><c> for</c>

00:27:14.750 --> 00:27:14.760 align:start position:0%
we don't seem to have a solution for
 

00:27:14.760 --> 00:27:17.870 align:start position:0%
we don't seem to have a solution for
dealing<00:27:15.240><c> with</c><00:27:15.659><c> uh</c><00:27:16.400><c> discovery</c><00:27:17.400><c> of</c><00:27:17.460><c> potentially</c>

00:27:17.870 --> 00:27:17.880 align:start position:0%
dealing with uh discovery of potentially
 

00:27:17.880 --> 00:27:19.909 align:start position:0%
dealing with uh discovery of potentially
critical<00:27:18.299><c> bugs</c><00:27:18.720><c> without</c><00:27:18.960><c> actually</c><00:27:19.320><c> relying</c>

00:27:19.909 --> 00:27:19.919 align:start position:0%
critical bugs without actually relying
 

00:27:19.919 --> 00:27:23.149 align:start position:0%
critical bugs without actually relying
on<00:27:20.220><c> some</c><00:27:20.400><c> honors</c><00:27:20.760><c> actor</c><00:27:21.120><c> right</c><00:27:21.380><c> if</c><00:27:22.380><c> the</c><00:27:22.620><c> bug</c><00:27:22.740><c> is</c>

00:27:23.149 --> 00:27:23.159 align:start position:0%
on some honors actor right if the bug is
 

00:27:23.159 --> 00:27:26.930 align:start position:0%
on some honors actor right if the bug is
found<00:27:23.900><c> we</c><00:27:24.900><c> all</c><00:27:25.080><c> want</c><00:27:25.440><c> some</c><00:27:25.860><c> good</c><00:27:26.100><c> guys</c><00:27:26.400><c> to</c><00:27:26.760><c> shut</c>

00:27:26.930 --> 00:27:26.940 align:start position:0%
found we all want some good guys to shut
 

00:27:26.940 --> 00:27:29.810 align:start position:0%
found we all want some good guys to shut
down<00:27:27.120><c> the</c><00:27:27.360><c> bridge</c><00:27:27.539><c> fix</c><00:27:28.380><c> the</c><00:27:28.620><c> bug</c><00:27:28.799><c> and</c><00:27:29.580><c> restart</c>

00:27:29.810 --> 00:27:29.820 align:start position:0%
down the bridge fix the bug and restart
 

00:27:29.820 --> 00:27:31.909 align:start position:0%
down the bridge fix the bug and restart
the<00:27:30.179><c> bridge</c><00:27:30.360><c> without</c><00:27:31.080><c> the</c><00:27:31.320><c> bug</c><00:27:31.440><c> that's</c><00:27:31.740><c> quite</c>

00:27:31.909 --> 00:27:31.919 align:start position:0%
the bridge without the bug that's quite
 

00:27:31.919 --> 00:27:33.529 align:start position:0%
the bridge without the bug that's quite
obvious<00:27:32.159><c> right</c><00:27:32.400><c> no</c><00:27:32.640><c> one</c><00:27:32.820><c> wants</c><00:27:33.120><c> really</c><00:27:33.240><c> the</c>

00:27:33.529 --> 00:27:33.539 align:start position:0%
obvious right no one wants really the
 

00:27:33.539 --> 00:27:37.250 align:start position:0%
obvious right no one wants really the
bridge<00:27:33.659><c> to</c><00:27:33.960><c> be</c><00:27:34.080><c> to</c><00:27:34.740><c> be</c><00:27:34.860><c> drained</c><00:27:35.279><c> by</c><00:27:35.760><c> uh</c><00:27:36.419><c> by</c>

00:27:37.250 --> 00:27:37.260 align:start position:0%
bridge to be to be drained by uh by
 

00:27:37.260 --> 00:27:40.549 align:start position:0%
bridge to be to be drained by uh by
malicious<00:27:37.679><c> actor</c><00:27:38.220><c> however</c>

00:27:40.549 --> 00:27:40.559 align:start position:0%
malicious actor however
 

00:27:40.559 --> 00:27:42.890 align:start position:0%
malicious actor however
right<00:27:41.279><c> now</c><00:27:41.460><c> it</c><00:27:41.820><c> just</c><00:27:41.940><c> seems</c><00:27:42.240><c> that</c><00:27:42.419><c> the</c><00:27:42.600><c> best</c><00:27:42.720><c> we</c>

00:27:42.890 --> 00:27:42.900 align:start position:0%
right now it just seems that the best we
 

00:27:42.900 --> 00:27:44.990 align:start position:0%
right now it just seems that the best we
can<00:27:43.080><c> do</c><00:27:43.260><c> is</c><00:27:43.559><c> to</c><00:27:43.799><c> sort</c><00:27:43.980><c> of</c><00:27:44.100><c> create</c><00:27:44.279><c> a</c><00:27:44.520><c> multi-sig</c>

00:27:44.990 --> 00:27:45.000 align:start position:0%
can do is to sort of create a multi-sig
 

00:27:45.000 --> 00:27:49.610 align:start position:0%
can do is to sort of create a multi-sig
of<00:27:45.720><c> some</c><00:27:46.159><c> trusted</c><00:27:47.159><c> uh</c><00:27:48.120><c> security</c><00:27:48.840><c> Engineers</c><00:27:49.440><c> I</c>

00:27:49.610 --> 00:27:49.620 align:start position:0%
of some trusted uh security Engineers I
 

00:27:49.620 --> 00:27:52.250 align:start position:0%
of some trusted uh security Engineers I
guess<00:27:49.799><c> or</c><00:27:50.039><c> a</c><00:27:50.220><c> security</c><00:27:50.400><c> Council</c><00:27:51.000><c> of</c><00:27:51.360><c> sorts</c><00:27:51.779><c> and</c>

00:27:52.250 --> 00:27:52.260 align:start position:0%
guess or a security Council of sorts and
 

00:27:52.260 --> 00:27:55.130 align:start position:0%
guess or a security Council of sorts and
these<00:27:52.860><c> guys</c><00:27:53.039><c> can</c><00:27:53.400><c> perform</c><00:27:54.000><c> these</c><00:27:54.900><c> sudden</c>

00:27:55.130 --> 00:27:55.140 align:start position:0%
these guys can perform these sudden
 

00:27:55.140 --> 00:27:57.130 align:start position:0%
these guys can perform these sudden
upgrades<00:27:55.679><c> and</c>

00:27:57.130 --> 00:27:57.140 align:start position:0%
upgrades and
 

00:27:57.140 --> 00:28:00.049 align:start position:0%
upgrades and
to<00:27:58.140><c> make</c><00:27:58.320><c> it</c><00:27:58.500><c> permissionless</c><00:27:59.159><c> and</c><00:27:59.640><c> to</c><00:27:59.760><c> make</c><00:27:59.940><c> it</c>

00:28:00.049 --> 00:28:00.059 align:start position:0%
to make it permissionless and to make it
 

00:28:00.059 --> 00:28:04.250 align:start position:0%
to make it permissionless and to make it
immutable<00:28:00.980><c> that</c><00:28:01.980><c> also</c><00:28:02.340><c> means</c><00:28:02.760><c> that</c><00:28:03.120><c> we</c><00:28:04.080><c> are</c>

00:28:04.250 --> 00:28:04.260 align:start position:0%
immutable that also means that we are
 

00:28:04.260 --> 00:28:08.690 align:start position:0%
immutable that also means that we are
exposed<00:28:04.799><c> to</c><00:28:05.220><c> uh</c><00:28:05.760><c> potential</c><00:28:06.360><c> problems</c><00:28:06.840><c> so</c>

00:28:08.690 --> 00:28:08.700 align:start position:0%
exposed to uh potential problems so
 

00:28:08.700 --> 00:28:11.690 align:start position:0%
exposed to uh potential problems so
uh<00:28:09.539><c> so</c><00:28:09.779><c> thank</c><00:28:10.020><c> you</c><00:28:10.140><c> so</c><00:28:10.440><c> much</c><00:28:10.559><c> uh</c><00:28:11.159><c> for</c><00:28:11.400><c> listening</c>

00:28:11.690 --> 00:28:11.700 align:start position:0%
uh so thank you so much uh for listening
 

00:28:11.700 --> 00:28:14.149 align:start position:0%
uh so thank you so much uh for listening
and<00:28:12.059><c> I</c><00:28:12.480><c> I</c><00:28:12.659><c> do</c><00:28:13.080><c> hope</c><00:28:13.260><c> that</c><00:28:13.500><c> you</c><00:28:13.679><c> know</c><00:28:13.740><c> the</c><00:28:13.980><c> future</c>

00:28:14.149 --> 00:28:14.159 align:start position:0%
and I I do hope that you know the future
 

00:28:14.159 --> 00:28:17.320 align:start position:0%
and I I do hope that you know the future
is<00:28:14.580><c> bright</c><00:28:14.820><c> and</c><00:28:15.120><c> and</c><00:28:15.360><c> hack</c><00:28:15.720><c> free</c>

00:28:17.320 --> 00:28:17.330 align:start position:0%
is bright and and hack free
 

00:28:17.330 --> 00:28:23.200 align:start position:0%
is bright and and hack free
[Applause]