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I'm<00:00:02.399><c> Antoine</c><00:00:02.820><c> this</c><00:00:03.030><c> is</c><00:00:03.179><c> Philip</c><00:00:03.510><c> we're</c><00:00:03.750><c> from</c><00:00:03.990><c> a</c>

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I'm Antoine this is Philip we're from a
 

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I'm Antoine this is Philip we're from a
new<00:00:04.380><c> mud</c><00:00:04.529><c> technology</c><00:00:05.270><c> enema</c><00:00:06.270><c> is</c><00:00:06.330><c> a</c>

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new mud technology enema is a
 

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new mud technology enema is a
engineering<00:00:07.080><c> company</c><00:00:07.890><c> so</c><00:00:08.130><c> basically</c>

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engineering company so basically
 

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engineering company so basically
everybody<00:00:09.420><c> in</c><00:00:09.510><c> the</c><00:00:09.599><c> company</c><00:00:09.750><c> is</c><00:00:09.960><c> a</c><00:00:10.469><c> developer</c>

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everybody in the company is a developer
 

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everybody in the company is a developer
we've<00:00:12.240><c> been</c><00:00:12.480><c> around</c><00:00:12.570><c> since</c><00:00:12.980><c> 2015</c><00:00:13.980><c> worked</c><00:00:14.670><c> on</c>

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we've been around since 2015 worked on
 

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we've been around since 2015 worked on
different<00:00:15.000><c> blockchain</c><00:00:16.310><c> projects</c><00:00:17.330><c> way</c><00:00:18.330><c> back</c>

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different blockchain projects way back
 

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different blockchain projects way back
we<00:00:18.720><c> started</c><00:00:19.020><c> with</c><00:00:19.199><c> Bitcoin</c><00:00:20.000><c> multi-chain</c>

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we started with Bitcoin multi-chain
 

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we started with Bitcoin multi-chain
aetherium<00:00:21.660><c> worked</c><00:00:22.529><c> with</c><00:00:22.650><c> different</c><00:00:22.769><c> block</c>

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aetherium worked with different block
 

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aetherium worked with different block
chains<00:00:24.260><c> so</c><00:00:25.260><c> we</c><00:00:25.350><c> got</c><00:00:25.529><c> a</c><00:00:25.560><c> grant</c><00:00:26.099><c> from</c><00:00:26.340><c> aetherium</c>

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chains so we got a grant from aetherium
 

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chains so we got a grant from aetherium
in<00:00:27.119><c> May</c><00:00:27.720><c> to</c><00:00:28.140><c> work</c><00:00:28.349><c> on</c><00:00:28.619><c> sprites</c><00:00:29.310><c> payment</c>

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in May to work on sprites payment
 

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in May to work on sprites payment
channels<00:00:30.359><c> so</c><00:00:30.960><c> I'll</c><00:00:31.140><c> show</c><00:00:31.410><c> you</c><00:00:31.470><c> what</c><00:00:31.800><c> we've</c>

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channels so I'll show you what we've
 

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channels so I'll show you what we've
done<00:00:31.980><c> here</c><00:00:32.450><c> and</c><00:00:33.450><c> we've</c><00:00:33.660><c> also</c><00:00:33.870><c> been</c><00:00:34.370><c> building</c>

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done here and we've also been building
 

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done here and we've also been building
kind<00:00:35.579><c> of</c><00:00:35.670><c> like</c><00:00:35.880><c> after</c><00:00:36.149><c> after</c><00:00:37.079><c> we've</c><00:00:37.230><c> done</c><00:00:37.260><c> the</c>

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kind of like after after we've done the
 

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kind of like after after we've done the
work<00:00:37.649><c> on</c><00:00:37.829><c> sprites</c><00:00:38.250><c> we</c><00:00:38.670><c> started</c><00:00:39.629><c> working</c><00:00:39.840><c> on</c>

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work on sprites we started working on
 

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work on sprites we started working on
decentralized<00:00:41.040><c> exchange</c><00:00:41.219><c> and</c><00:00:41.790><c> how</c><00:00:41.940><c> we</c><00:00:42.000><c> can</c>

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decentralized exchange and how we can
 

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decentralized exchange and how we can
make<00:00:42.510><c> them</c><00:00:42.739><c> more</c><00:00:43.739><c> performant</c><00:00:44.340><c> because</c><00:00:44.640><c> if</c>

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make them more performant because if
 

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make them more performant because if
you've<00:00:45.480><c> used</c><00:00:45.719><c> the</c><00:00:45.899><c> decks</c><00:00:46.469><c> that</c><00:00:46.829><c> are</c><00:00:46.980><c> available</c>

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you've used the decks that are available
 

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you've used the decks that are available
out<00:00:47.670><c> there</c><00:00:47.730><c> today</c><00:00:48.090><c> but</c><00:00:49.020><c> a</c><00:00:49.079><c> lot</c><00:00:49.350><c> of</c><00:00:49.469><c> them</c><00:00:49.620><c> are</c>

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out there today but a lot of them are
 

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out there today but a lot of them are
really<00:00:51.030><c> slow</c><00:00:51.390><c> you</c><00:00:51.840><c> have</c><00:00:51.930><c> to</c><00:00:52.079><c> wait</c><00:00:52.260><c> a</c><00:00:52.289><c> while</c><00:00:52.530><c> for</c>

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really slow you have to wait a while for
 

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really slow you have to wait a while for
your<00:00:52.980><c> transactions</c><00:00:53.550><c> to</c><00:00:53.670><c> be</c><00:00:53.699><c> confirmed</c><00:00:54.149><c> so</c>

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your transactions to be confirmed so
 

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your transactions to be confirmed so
we're<00:00:54.840><c> trying</c><00:00:54.930><c> to</c><00:00:55.140><c> solve</c><00:00:55.320><c> that</c><00:00:55.410><c> problem</c><00:00:55.920><c> also</c>

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we're trying to solve that problem also
 

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we're trying to solve that problem also
using<00:00:56.730><c> state</c><00:00:57.239><c> channels</c><00:01:02.930><c> I</c><00:01:03.930><c> would</c><00:01:04.920><c> have</c><00:01:05.040><c> done</c>

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using state channels I would have done
 

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using state channels I would have done
it<00:01:05.309><c> live</c><00:01:05.519><c> but</c><00:01:05.700><c> I</c><00:01:05.760><c> was</c><00:01:05.880><c> having</c><00:01:06.150><c> some</c><00:01:06.360><c> problem</c>

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it live but I was having some problem
 

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it live but I was having some problem
with<00:01:07.020><c> the</c><00:01:07.110><c> Wi-Fi</c><00:01:07.530><c> so</c><00:01:07.590><c> I</c><00:01:07.710><c> recorded</c><00:01:08.250><c> the</c><00:01:08.400><c> demo</c>

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with the Wi-Fi so I recorded the demo
 

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with the Wi-Fi so I recorded the demo
just<00:01:08.850><c> about</c><00:01:09.600><c> an</c><00:01:09.780><c> hour</c><00:01:09.930><c> ago</c><00:01:10.110><c> here</c><00:01:10.680><c> just</c><00:01:11.189><c> to</c><00:01:11.310><c> show</c>

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just about an hour ago here just to show
 

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just about an hour ago here just to show
you<00:01:11.640><c> this</c><00:01:11.850><c> is</c><00:01:12.000><c> the</c><00:01:12.180><c> the</c><00:01:12.420><c> sprites</c><00:01:13.159><c> demo</c><00:01:14.509><c> so</c><00:01:15.509><c> what</c>

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you this is the the sprites demo so what
 

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you this is the the sprites demo so what
what<00:01:15.900><c> we</c><00:01:16.020><c> have</c><00:01:16.290><c> here</c><00:01:16.590><c> is</c><00:01:16.770><c> on</c><00:01:17.580><c> the</c><00:01:18.090><c> left</c><00:01:18.270><c> side</c><00:01:18.479><c> is</c>

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what we have here is on the left side is
 

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what we have here is on the left side is
a<00:01:18.780><c> merchant</c><00:01:19.500><c> website</c><00:01:19.920><c> so</c><00:01:20.220><c> imagine</c><00:01:20.610><c> you're</c>

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a merchant website so imagine you're
 

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a merchant website so imagine you're
going<00:01:20.909><c> to</c><00:01:21.030><c> the</c><00:01:21.270><c> convenience</c><00:01:21.689><c> store</c><00:01:21.930><c> and</c><00:01:22.380><c> you</c>

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going to the convenience store and you
 

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going to the convenience store and you
want<00:01:22.799><c> to</c><00:01:23.009><c> to</c><00:01:23.280><c> buy</c><00:01:23.640><c> like</c><00:01:24.270><c> I</c><00:01:24.420><c> live</c><00:01:24.570><c> in</c><00:01:24.689><c> Hong</c><00:01:24.840><c> Kong</c>

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want to to buy like I live in Hong Kong
 

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want to to buy like I live in Hong Kong
in<00:01:25.200><c> Hong</c><00:01:25.290><c> Kong</c><00:01:25.530><c> we</c><00:01:25.680><c> have</c><00:01:25.799><c> this</c><00:01:25.979><c> card</c><00:01:26.670><c> that</c><00:01:26.880><c> I</c>

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in Hong Kong we have this card that I
 

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in Hong Kong we have this card that I
can<00:01:27.240><c> top</c><00:01:27.509><c> up</c><00:01:27.540><c> with</c><00:01:27.869><c> money</c><00:01:28.229><c> go</c><00:01:28.560><c> to</c><00:01:28.619><c> the</c>

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can top up with money go to the
 

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can top up with money go to the
merchants<00:01:29.280><c> swipe</c><00:01:30.030><c> it</c><00:01:30.240><c> and</c><00:01:30.390><c> buy</c><00:01:30.600><c> buy</c><00:01:30.990><c> things</c><00:01:31.320><c> so</c>

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merchants swipe it and buy buy things so
 

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merchants swipe it and buy buy things so
so<00:01:32.490><c> that's</c><00:01:32.640><c> my</c><00:01:32.790><c> merchants</c><00:01:33.180><c> website</c><00:01:33.509><c> oops</c><00:01:33.840><c> I</c>

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so that's my merchants website oops I
 

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so that's my merchants website oops I
think<00:01:35.520><c> it</c><00:01:35.610><c> has</c><00:01:35.909><c> no</c><00:01:36.420><c> path</c><00:01:37.310><c> so</c><00:01:38.310><c> I</c><00:01:38.340><c> can</c><00:01:38.430><c> select</c>

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think it has no path so I can select
 

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think it has no path so I can select
some<00:01:39.030><c> some</c><00:01:39.390><c> items</c><00:01:39.750><c> and</c><00:01:39.930><c> we're</c><00:01:40.229><c> using</c><00:01:40.409><c> the</c><00:01:40.680><c> die</c>

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some some items and we're using the die
 

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some some items and we're using the die
stable<00:01:42.540><c> coin</c><00:01:42.780><c> here</c><00:01:43.079><c> because</c><00:01:43.380><c> I</c><00:01:43.470><c> don't</c><00:01:43.530><c> want</c>

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stable coin here because I don't want
 

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stable coin here because I don't want
the<00:01:44.189><c> price</c><00:01:44.399><c> of</c><00:01:44.579><c> my</c><00:01:44.729><c> Pepsi</c><00:01:45.240><c> coke</c><00:01:45.570><c> to</c><00:01:45.810><c> change</c><00:01:46.320><c> day</c>

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the price of my Pepsi coke to change day
 

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the price of my Pepsi coke to change day
to<00:01:46.590><c> day</c><00:01:47.479><c> so</c><00:01:48.479><c> I</c><00:01:48.509><c> select</c><00:01:49.079><c> some</c><00:01:49.259><c> items</c><00:01:50.630><c> so</c>

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to day so I select some items so
 

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to day so I select some items so
one-point-six<00:01:53.189><c> die</c><00:01:53.460><c> and</c><00:01:53.939><c> then</c><00:01:54.420><c> click</c><00:01:54.990><c> on</c>

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one-point-six die and then click on
 

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one-point-six die and then click on
checkout<00:01:55.619><c> so</c><00:01:56.610><c> I</c><00:01:56.640><c> get</c><00:01:56.820><c> a</c><00:01:56.850><c> QR</c><00:01:57.719><c> code</c><00:01:57.750><c> and</c><00:01:58.530><c> then</c>

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checkout so I get a QR code and then
 

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checkout so I get a QR code and then
using<00:01:59.310><c> the</c><00:01:59.430><c> application</c><00:01:59.909><c> this</c><00:02:00.060><c> is</c><00:02:00.119><c> on</c><00:02:00.360><c> my</c>

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using the application this is on my
 

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using the application this is on my
iPhone<00:02:01.939><c> I'll</c><00:02:02.939><c> tap</c><00:02:03.360><c> to</c><00:02:03.540><c> login</c><00:02:03.719><c> and</c><00:02:03.990><c> unlock</c><00:02:04.380><c> my</c>

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iPhone I'll tap to login and unlock my
 

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iPhone I'll tap to login and unlock my
my<00:02:05.189><c> wallet</c>

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so<00:02:11.800><c> this</c><00:02:12.400><c> is</c><00:02:12.610><c> by</c><00:02:13.150><c> the</c><00:02:13.180><c> way</c><00:02:13.300><c> we're</c><00:02:13.510><c> mostly</c><00:02:13.840><c> back</c>

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so this is by the way we're mostly back
 

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so this is by the way we're mostly back
in<00:02:14.500><c> engineers</c><00:02:14.950><c> sorry</c><00:02:15.910><c> for</c><00:02:16.180><c> the</c><00:02:16.300><c> UX</c><00:02:16.750><c> if</c><00:02:16.930><c> if</c>

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in engineers sorry for the UX if if
 

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in engineers sorry for the UX if if
anybody<00:02:17.410><c> here</c><00:02:17.740><c> is</c><00:02:17.830><c> talented</c><00:02:18.280><c> in</c><00:02:18.400><c> UX</c><00:02:18.640><c> or</c><00:02:18.820><c> we're</c>

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anybody here is talented in UX or we're
 

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anybody here is talented in UX or we're
hiring<00:02:20.790><c> but</c><00:02:21.790><c> this</c><00:02:21.940><c> is</c><00:02:22.060><c> mostly</c><00:02:22.300><c> a</c><00:02:22.390><c> dev</c><00:02:22.660><c> demo</c><00:02:22.930><c> to</c>

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hiring but this is mostly a dev demo to
 

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hiring but this is mostly a dev demo to
show<00:02:23.230><c> that</c><00:02:23.530><c> you</c><00:02:23.680><c> can</c><00:02:23.860><c> connect</c><00:02:24.190><c> to</c><00:02:24.310><c> the</c><00:02:24.430><c> channel</c>

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show that you can connect to the channel
 

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show that you can connect to the channel
then<00:02:25.540><c> my</c><00:02:25.780><c> balance</c><00:02:26.380><c> she</c><00:02:27.160><c> will</c><00:02:27.310><c> show</c><00:02:27.490><c> up</c><00:02:27.640><c> in</c><00:02:27.880><c> the</c>

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then my balance she will show up in the
 

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then my balance she will show up in the
history<00:02:28.510><c> of</c><00:02:28.570><c> transactions</c><00:02:29.290><c> then</c><00:02:30.070><c> I'll</c><00:02:30.220><c> click</c>

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history of transactions then I'll click
 

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history of transactions then I'll click
on<00:02:30.670><c> make</c><00:02:31.300><c> payment</c><00:02:31.750><c> scan</c><00:02:32.530><c> the</c><00:02:32.650><c> QR</c><00:02:32.920><c> code</c><00:02:32.950><c> is</c><00:02:33.370><c> very</c>

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on make payment scan the QR code is very
 

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on make payment scan the QR code is very
fast<00:02:33.930><c> and</c><00:02:34.930><c> confirm</c><00:02:35.410><c> that</c><00:02:35.440><c> that</c><00:02:35.800><c> payment</c><00:02:36.040><c> to</c>

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fast and confirm that that payment to
 

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fast and confirm that that payment to
the<00:02:36.700><c> merchant</c><00:02:38.640><c> and</c><00:02:39.640><c> then</c><00:02:39.760><c> it</c><00:02:39.880><c> says</c><00:02:40.060><c> payment</c>

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the merchant and then it says payment
 

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the merchant and then it says payment
successful<00:02:41.040><c> the</c><00:02:42.040><c> merchant</c><00:02:42.459><c> should</c><00:02:42.610><c> see</c><00:02:42.940><c> the</c>

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successful the merchant should see the
 

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successful the merchant should see the
balance<00:02:43.480><c> of</c><00:02:43.660><c> 1.6</c><00:02:44.470><c> so</c><00:02:45.160><c> by</c><00:02:45.550><c> the</c><00:02:45.610><c> way</c><00:02:45.760><c> here</c>

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balance of 1.6 so by the way here
 

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balance of 1.6 so by the way here
there's<00:02:46.300><c> like</c><00:02:46.540><c> three</c><00:02:46.810><c> parties</c><00:02:47.230><c> involved</c><00:02:47.800><c> so</c>

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there's like three parties involved so
 

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there's like three parties involved so
there's<00:02:48.070><c> the</c><00:02:48.340><c> end-user</c><00:02:49.300><c> going</c><00:02:49.780><c> to</c><00:02:49.900><c> the</c><00:02:50.050><c> to</c><00:02:50.739><c> the</c>

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there's the end-user going to the to the
 

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there's the end-user going to the to the
shop<00:02:51.070><c> there's</c><00:02:51.880><c> a</c><00:02:51.970><c> payment</c><00:02:52.420><c> provider</c><00:02:52.810><c> who's</c>

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shop there's a payment provider who's
 

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shop there's a payment provider who's
the<00:02:53.350><c> middleman</c><00:02:53.739><c> and</c><00:02:53.950><c> then</c><00:02:54.550><c> there's</c><00:02:54.700><c> a</c>

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the middleman and then there's a
 

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the middleman and then there's a
merchant<00:02:55.239><c> and</c><00:02:55.450><c> where</c><00:02:55.930><c> Sprite</c><00:02:56.320><c> comes</c><00:02:56.620><c> in</c><00:02:56.770><c> is</c>

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merchant and where Sprite comes in is
 

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merchant and where Sprite comes in is
that<00:02:57.040><c> we</c><00:02:57.190><c> use</c><00:02:57.400><c> the</c><00:02:57.670><c> conditional</c><00:02:58.239><c> payments</c><00:02:58.720><c> so</c>

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that we use the conditional payments so
 

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that we use the conditional payments so
that<00:02:59.350><c> I</c><00:02:59.410><c> can</c><00:02:59.800><c> pay</c><00:03:00.100><c> the</c><00:03:00.340><c> payment</c><00:03:01.209><c> provider</c><00:03:01.510><c> the</c>

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that I can pay the payment provider the
 

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that I can pay the payment provider the
payment<00:03:02.380><c> provider</c><00:03:02.620><c> can</c><00:03:02.860><c> turn</c><00:03:03.040><c> around</c><00:03:03.160><c> and</c>

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payment provider can turn around and
 

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payment provider can turn around and
give<00:03:03.610><c> the</c><00:03:03.760><c> money</c><00:03:03.880><c> to</c><00:03:04.030><c> the</c><00:03:04.540><c> merchant</c><00:03:04.959><c> and</c><00:03:05.110><c> then</c>

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give the money to the merchant and then
 

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give the money to the merchant and then
that<00:03:05.770><c> payment</c><00:03:06.310><c> is</c><00:03:06.520><c> done</c><00:03:07.230><c> you</c><00:03:08.230><c> know</c><00:03:08.320><c> once</c><00:03:08.530><c> I</c>

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that payment is done you know once I
 

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that payment is done you know once I
reveal<00:03:08.890><c> the</c><00:03:09.730><c> preimage</c><00:03:11.850><c> and</c><00:03:12.850><c> then</c><00:03:12.970><c> the</c>

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reveal the preimage and then the
 

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reveal the preimage and then the
merchant<00:03:13.420><c> can</c><00:03:13.720><c> at</c><00:03:14.080><c> some</c><00:03:14.320><c> point</c><00:03:14.380><c> decide</c><00:03:14.799><c> to</c>

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merchant can at some point decide to
 

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merchant can at some point decide to
withdraw<00:03:15.630><c> which</c><00:03:16.630><c> actually</c><00:03:17.380><c> does</c><00:03:17.769><c> a</c><00:03:17.799><c> this</c><00:03:18.459><c> is</c>

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withdraw which actually does a this is
 

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withdraw which actually does a this is
where<00:03:18.820><c> the</c><00:03:19.150><c> Unchained</c><00:03:19.570><c> transaction</c><00:03:20.080><c> comes</c><00:03:20.230><c> in</c>

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where the Unchained transaction comes in
 

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where the Unchained transaction comes in
so<00:03:22.000><c> typically</c><00:03:22.690><c> the</c><00:03:22.900><c> merchant</c><00:03:23.230><c> would</c><00:03:23.350><c> withdraw</c>

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so typically the merchant would withdraw
 

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so typically the merchant would withdraw
maybe<00:03:23.860><c> you</c><00:03:24.190><c> know</c><00:03:24.250><c> just</c><00:03:24.459><c> once</c><00:03:24.670><c> a</c><00:03:24.820><c> day</c><00:03:24.970><c> or</c><00:03:25.000><c> once</c>

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maybe you know just once a day or once
 

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maybe you know just once a day or once
every<00:03:25.720><c> you</c><00:03:26.200><c> know</c><00:03:26.290><c> a</c><00:03:26.440><c> few</c><00:03:26.860><c> weeks</c><00:03:27.150><c> all</c><00:03:28.150><c> the</c><00:03:28.360><c> other</c>

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every you know a few weeks all the other
 

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every you know a few weeks all the other
transactions<00:03:28.989><c> are</c><00:03:29.110><c> done</c><00:03:29.140><c> that</c><00:03:29.410><c> layer</c><00:03:29.560><c> to</c><00:03:35.459><c> this</c>

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transactions are done that layer to this
 

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transactions are done that layer to this
part<00:03:36.940><c> was</c><00:03:37.090><c> just</c><00:03:37.269><c> to</c><00:03:37.420><c> show</c><00:03:37.450><c> the</c><00:03:37.840><c> the</c><00:03:38.410><c> blockchain</c>

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part was just to show the the blockchain
 

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part was just to show the the blockchain
transaction<00:03:39.519><c> idea</c><00:03:39.790><c> actually</c><00:03:40.410><c> and</c><00:03:41.410><c> I'll</c><00:03:41.560><c> pass</c>

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transaction idea actually and I'll pass
 

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transaction idea actually and I'll pass
over<00:03:42.880><c> to</c><00:03:42.910><c> Philip</c><00:03:43.810><c> to</c><00:03:44.019><c> talk</c><00:03:44.230><c> a</c><00:03:44.260><c> bit</c><00:03:44.530><c> about</c><00:03:44.700><c> what</c>

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over to Philip to talk a bit about what
 

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over to Philip to talk a bit about what
we've<00:03:45.850><c> done</c><00:03:45.880><c> since</c><00:03:46.420><c> with</c><00:03:46.900><c> decentralized</c>

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we've done since with decentralized
 

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we've done since with decentralized
exchange<00:03:49.620><c> Thank</c><00:03:50.620><c> You</c><00:03:50.709><c> Anton</c><00:03:50.980><c> hi</c>

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exchange Thank You Anton hi
 

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exchange Thank You Anton hi
so<00:03:53.470><c> as</c><00:03:54.010><c> in</c><00:03:54.280><c> two-dimension</c><00:03:54.970><c> we</c><00:03:55.299><c> are</c><00:03:55.600><c> also</c>

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so as in two-dimension we are also
 

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so as in two-dimension we are also
working<00:03:56.350><c> on</c><00:03:57.690><c> secure</c><00:03:58.690><c> decentralized</c><00:03:59.290><c> exchange</c>

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working on secure decentralized exchange
 

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working on secure decentralized exchange
and<00:04:02.290><c> we've</c><00:04:03.010><c> been</c><00:04:03.400><c> working</c><00:04:03.519><c> this</c><00:04:03.910><c> since</c><00:04:04.180><c> a</c><00:04:04.269><c> few</c>

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and we've been working this since a few
 

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and we've been working this since a few
months<00:04:04.930><c> and</c><00:04:05.459><c> our</c><00:04:06.750><c> initial</c><00:04:07.750><c> approach</c><00:04:07.840><c> was</c><00:04:08.530><c> to</c>

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months and our initial approach was to
 

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months and our initial approach was to
use<00:04:08.829><c> these</c><00:04:09.070><c> payment</c><00:04:09.850><c> channel</c><00:04:10.180><c> year</c><00:04:10.450><c> two</c>

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use these payment channel year two
 

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use these payment channel year two
techniques<00:04:11.590><c> and</c><00:04:12.010><c> with</c><00:04:12.549><c> the</c><00:04:12.700><c> idea</c><00:04:12.970><c> that</c><00:04:13.079><c> all</c>

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techniques and with the idea that all
 

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techniques and with the idea that all
the<00:04:14.320><c> user</c><00:04:14.500><c> would</c><00:04:14.920><c> be</c><00:04:15.040><c> part</c><00:04:15.340><c> of</c><00:04:15.519><c> a</c><00:04:15.970><c> network</c><00:04:16.180><c> and</c>

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the user would be part of a network and
 

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the user would be part of a network and
create<00:04:17.049><c> channel</c><00:04:17.530><c> between</c><00:04:17.680><c> each</c><00:04:17.950><c> other</c><00:04:18.160><c> and</c>

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create channel between each other and
 

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create channel between each other and
and<00:04:18.789><c> then</c><00:04:18.970><c> be</c><00:04:19.630><c> able</c><00:04:19.720><c> to</c><00:04:19.989><c> exchange</c><00:04:20.400><c> token</c>

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and then be able to exchange token
 

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and then be able to exchange token
right<00:04:22.490><c> and</c><00:04:23.410><c> after</c><00:04:24.410><c> analyzing</c><00:04:25.160><c> this</c><00:04:25.610><c> and</c>

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right and after analyzing this and
 

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right and after analyzing this and
trying<00:04:26.480><c> a</c><00:04:26.840><c> lot</c><00:04:27.110><c> we</c><00:04:27.440><c> realize</c><00:04:27.680><c> that</c><00:04:27.710><c> there</c><00:04:28.100><c> are</c>

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trying a lot we realize that there are
 

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trying a lot we realize that there are
many<00:04:28.490><c> shortcomings</c><00:04:29.360><c> to</c><00:04:29.600><c> this</c><00:04:29.840><c> approach</c><00:04:31.240><c> for</c>

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many shortcomings to this approach for
 

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many shortcomings to this approach for
example<00:04:32.770><c> if</c><00:04:33.770><c> you</c><00:04:33.980><c> use</c><00:04:34.010><c> these</c><00:04:34.610><c> payment</c>

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example if you use these payment
 

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example if you use these payment
channels<00:04:35.870><c> in</c><00:04:36.320><c> general</c><00:04:36.620><c> you</c><00:04:36.740><c> need</c><00:04:37.130><c> to</c><00:04:37.310><c> have</c>

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channels in general you need to have
 

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channels in general you need to have
collaterals<00:04:39.190><c> in</c><00:04:40.190><c> order</c><00:04:40.430><c> to</c><00:04:40.580><c> ensure</c><00:04:40.880><c> that</c><00:04:40.910><c> the</c>

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collaterals in order to ensure that the
 

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collaterals in order to ensure that the
payments<00:04:41.690><c> go</c><00:04:42.110><c> through</c><00:04:43.480><c> then</c><00:04:44.480><c> ok</c><00:04:45.320><c> we</c><00:04:45.560><c> need</c><00:04:45.890><c> to</c>

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payments go through then ok we need to
 

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payments go through then ok we need to
build<00:04:46.250><c> this</c><00:04:46.430><c> network</c><00:04:46.610><c> but</c><00:04:47.060><c> how</c><00:04:47.990><c> do</c><00:04:48.410><c> we</c><00:04:48.470><c> do</c><00:04:48.650><c> this</c>

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build this network but how do we do this
 

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build this network but how do we do this
I<00:04:49.070><c> mean</c><00:04:49.310><c> it's</c><00:04:49.460><c> not</c><00:04:49.550><c> easy</c><00:04:49.790><c> to</c><00:04:50.030><c> build</c><00:04:50.330><c> a</c><00:04:50.480><c> network</c>

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I mean it's not easy to build a network
 

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I mean it's not easy to build a network
it's<00:04:51.020><c> not</c><00:04:51.200><c> only</c><00:04:51.350><c> about</c><00:04:51.680><c> code</c><00:04:52.040><c> it's</c><00:04:52.250><c> about</c>

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it's not only about code it's about
 

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it's not only about code it's about
incentive<00:04:54.370><c> incentivizing</c><00:04:55.370><c> users</c><00:04:56.150><c> to</c><00:04:56.330><c> join</c>

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incentive incentivizing users to join
 

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incentive incentivizing users to join
the<00:04:56.660><c> network</c><00:04:57.050><c> and</c><00:04:57.290><c> so</c><00:04:57.410><c> on</c><00:04:57.530><c> and</c><00:04:57.680><c> so</c><00:04:57.800><c> on</c><00:04:57.830><c> so</c><00:04:58.070><c> we</c>

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the network and so on and so on so we
 

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the network and so on and so on so we
had<00:04:58.280><c> more</c><00:04:58.520><c> questions</c><00:04:58.670><c> than</c><00:04:59.660><c> answers</c><00:05:00.070><c> and</c><00:05:01.070><c> also</c>

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had more questions than answers and also
 

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had more questions than answers and also
there<00:05:01.580><c> are</c><00:05:01.670><c> like</c><00:05:01.820><c> technical</c><00:05:02.680><c> challenges</c><00:05:03.680><c> like</c>

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there are like technical challenges like
 

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there are like technical challenges like
ok<00:05:06.170><c> we</c><00:05:06.290><c> have</c><00:05:06.410><c> plenty</c><00:05:06.980><c> of</c><00:05:07.130><c> orders</c><00:05:07.550><c> that</c><00:05:07.790><c> are</c>

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ok we have plenty of orders that are
 

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ok we have plenty of orders that are
spread<00:05:08.210><c> across</c><00:05:08.390><c> this</c><00:05:08.570><c> decentralized</c><00:05:09.320><c> network</c>

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spread across this decentralized network
 

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spread across this decentralized network
how<00:05:10.940><c> do</c><00:05:11.000><c> we</c><00:05:11.300><c> match</c><00:05:11.630><c> these</c><00:05:11.870><c> orders</c><00:05:12.320><c> who</c><00:05:12.590><c> is</c>

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how do we match these orders who is
 

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how do we match these orders who is
going<00:05:13.100><c> to</c><00:05:13.190><c> do</c><00:05:13.370><c> to</c><00:05:13.910><c> do</c><00:05:14.030><c> that</c><00:05:14.210><c> so</c><00:05:15.140><c> after</c><00:05:16.000><c> thinking</c>

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going to do to do that so after thinking
 

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going to do to do that so after thinking
a<00:05:17.240><c> lot</c><00:05:17.750><c> and</c><00:05:18.200><c> banging</c><00:05:18.740><c> our</c><00:05:19.010><c> heads</c><00:05:19.370><c> on</c><00:05:19.550><c> the</c><00:05:19.760><c> wall</c>

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a lot and banging our heads on the wall
 

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a lot and banging our heads on the wall
we<00:05:22.540><c> we</c><00:05:23.540><c> decide</c><00:05:23.810><c> to</c><00:05:23.950><c> step</c><00:05:24.950><c> back</c><00:05:25.190><c> and</c><00:05:25.730><c> think</c>

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we we decide to step back and think
 

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we we decide to step back and think
again<00:05:26.419><c> about</c><00:05:26.810><c> the</c><00:05:26.960><c> problem</c><00:05:27.320><c> right</c><00:05:27.650><c> the</c>

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again about the problem right the
 

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again about the problem right the
problem<00:05:28.640><c> when</c><00:05:28.760><c> we</c><00:05:28.790><c> build</c><00:05:29.180><c> an</c><00:05:29.570><c> exchange</c><00:05:29.930><c> that</c>

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problem when we build an exchange that
 

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problem when we build an exchange that
we<00:05:30.350><c> we</c><00:05:30.650><c> want</c><00:05:30.830><c> to</c><00:05:30.919><c> avoid</c><00:05:31.070><c> to</c><00:05:31.340><c> be</c><00:05:31.460><c> the</c><00:05:31.760><c> next</c><00:05:32.270><c> empty</c>

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we we want to avoid to be the next empty
 

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we we want to avoid to be the next empty
goes<00:05:33.290><c> so</c><00:05:33.890><c> what</c><00:05:34.370><c> does</c><00:05:34.490><c> it</c><00:05:34.580><c> mean</c><00:05:34.790><c> it</c><00:05:35.300><c> means</c><00:05:35.360><c> that</c>

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goes so what does it mean it means that
 

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goes so what does it mean it means that
if<00:05:36.680><c> we</c><00:05:36.740><c> want</c><00:05:37.010><c> to</c><00:05:37.040><c> avoid</c><00:05:37.460><c> that</c><00:05:37.669><c> users</c><00:05:38.600><c> should</c><00:05:38.630><c> be</c>

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if we want to avoid that users should be
 

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if we want to avoid that users should be
always<00:05:39.169><c> in</c><00:05:39.470><c> control</c><00:05:39.800><c> of</c><00:05:40.100><c> their</c><00:05:40.669><c> assets</c><00:05:41.390><c> their</c>

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always in control of their assets their
 

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always in control of their assets their
token<00:05:42.380><c> so</c><00:05:43.070><c> having</c><00:05:43.430><c> a</c><00:05:43.640><c> decentralized</c><00:05:44.180><c> network</c>

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token so having a decentralized network
 

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token so having a decentralized network
is<00:05:44.750><c> a</c><00:05:44.780><c> way</c><00:05:44.960><c> to</c><00:05:45.020><c> achieve</c><00:05:45.200><c> this</c><00:05:45.470><c> but</c><00:05:45.830><c> maybe</c><00:05:46.040><c> there</c>

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is a way to achieve this but maybe there
 

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is a way to achieve this but maybe there
are<00:05:46.430><c> other</c><00:05:47.200><c> solutions</c><00:05:48.200><c> and</c><00:05:49.150><c> that's</c><00:05:50.150><c> why</c><00:05:50.300><c> we</c>

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are other solutions and that's why we
 

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are other solutions and that's why we
end<00:05:50.780><c> up</c><00:05:50.870><c> with</c><00:05:51.020><c> this</c><00:05:51.169><c> concept</c><00:05:51.770><c> of</c><00:05:51.860><c> trustless</c>

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end up with this concept of trustless
 

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end up with this concept of trustless
exchange<00:05:53.240><c> more</c><00:05:54.050><c> than</c><00:05:54.229><c> decentralized</c><00:05:55.630><c> and</c><00:05:57.190><c> the</c>

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exchange more than decentralized and the
 

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exchange more than decentralized and the
nice<00:05:58.340><c> thing</c><00:05:58.550><c> is</c><00:05:58.580><c> that</c><00:05:58.729><c> we</c><00:05:59.000><c> get</c><00:05:59.180><c> kind</c><00:05:59.360><c> of</c><00:05:59.479><c> best</c>

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nice thing is that we get kind of best
 

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nice thing is that we get kind of best
of<00:06:00.080><c> both</c><00:06:00.350><c> worlds</c><00:06:00.680><c> we</c><00:06:01.520><c> have</c><00:06:01.669><c> first</c><00:06:02.390><c> something</c>

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of both worlds we have first something
 

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of both worlds we have first something
that<00:06:03.140><c> would</c><00:06:03.290><c> be</c><00:06:03.410><c> more</c><00:06:03.650><c> like</c><00:06:04.010><c> a</c><00:06:04.340><c> based</c><00:06:04.820><c> I</c><00:06:05.060><c> didn't</c>

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that would be more like a based I didn't
 

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that would be more like a based I didn't
put<00:06:05.510><c> centralized</c><00:06:05.900><c> because</c><00:06:06.290><c> it's</c><00:06:07.210><c> like</c><00:06:08.740><c> what</c>

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put centralized because it's like what
 

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put centralized because it's like what
you<00:06:09.919><c> want</c><00:06:10.100><c> to</c><00:06:10.160><c> avoid</c><00:06:10.400><c> but</c><00:06:10.580><c> it's</c><00:06:11.120><c> the</c><00:06:11.510><c> idea</c><00:06:11.720><c> that</c>

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you want to avoid but it's the idea that
 

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you want to avoid but it's the idea that
we<00:06:12.050><c> have</c><00:06:12.350><c> a</c><00:06:12.590><c> coordinator</c><00:06:13.340><c> that</c><00:06:13.850><c> would</c><00:06:14.030><c> take</c>

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we have a coordinator that would take
 

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we have a coordinator that would take
all<00:06:14.330><c> the</c><00:06:14.479><c> orders</c><00:06:14.600><c> match</c><00:06:15.440><c> them</c><00:06:15.740><c> and</c><00:06:16.040><c> update</c><00:06:16.820><c> the</c>

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all the orders match them and update the
 

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all the orders match them and update the
balance<00:06:17.240><c> correctly</c><00:06:17.570><c> but</c><00:06:17.750><c> at</c><00:06:17.870><c> the</c><00:06:17.960><c> same</c><00:06:18.110><c> time</c>

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balance correctly but at the same time
 

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balance correctly but at the same time
it<00:06:18.890><c> would</c><00:06:19.040><c> be</c><00:06:19.570><c> trustless</c><00:06:20.570><c> and</c><00:06:20.840><c> this</c><00:06:20.990><c> one</c><00:06:21.200><c> and</c>

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it would be trustless and this one and
 

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it would be trustless and this one and
if<00:06:21.710><c> you</c><00:06:21.830><c> have</c><00:06:21.919><c> these</c><00:06:22.190><c> both</c><00:06:22.370><c> things</c><00:06:22.580><c> we</c><00:06:22.700><c> can</c><00:06:23.000><c> be</c>

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if you have these both things we can be
 

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if you have these both things we can be
both<00:06:23.360><c> efficient</c><00:06:23.930><c> and</c><00:06:23.990><c> secure</c><00:06:25.660><c> so</c><00:06:26.660><c> at</c><00:06:26.870><c> a</c><00:06:26.900><c> very</c>

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both efficient and secure so at a very
 

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both efficient and secure so at a very
high<00:06:27.260><c> level</c><00:06:27.320><c> how</c><00:06:27.979><c> it</c><00:06:28.190><c> work</c><00:06:28.460><c> well</c><00:06:29.390><c> we'll</c><00:06:29.660><c> have</c>

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high level how it work well we'll have
 

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high level how it work well we'll have
this<00:06:30.169><c> hub</c><00:06:30.440><c> that</c><00:06:30.710><c> will</c><00:06:30.800><c> take</c><00:06:31.010><c> the</c><00:06:31.130><c> orders</c><00:06:31.490><c> and</c>

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this hub that will take the orders and
 

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this hub that will take the orders and
merge<00:06:32.150><c> them</c><00:06:32.390><c> and</c><00:06:32.599><c> from</c><00:06:33.349><c> time</c><00:06:33.530><c> to</c><00:06:33.710><c> time</c><00:06:33.740><c> it</c>

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merge them and from time to time it
 

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merge them and from time to time it
would<00:06:34.430><c> synchronize</c>

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would synchronize
 

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would synchronize
blockchain<00:06:35.630><c> to</c><00:06:35.930><c> ensure</c><00:06:36.139><c> that</c><00:06:36.320><c> all</c><00:06:36.560><c> the</c>

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blockchain to ensure that all the
 

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blockchain to ensure that all the
balances<00:06:37.130><c> have</c><00:06:37.280><c> been</c><00:06:37.490><c> dated</c><00:06:38.000><c> correctly</c><00:06:38.419><c> and</c>

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balances have been dated correctly and
 

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balances have been dated correctly and
users<00:06:39.410><c> will</c><00:06:40.070><c> use</c><00:06:40.580><c> the</c><00:06:40.789><c> blockchain</c><00:06:41.030><c> only</c><00:06:41.509><c> to</c>

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users will use the blockchain only to
 

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users will use the blockchain only to
deposit<00:06:42.110><c> and</c><00:06:42.320><c> withdraw</c><00:06:42.710><c> and</c><00:06:43.009><c> all</c><00:06:43.430><c> the</c><00:06:43.669><c> rest</c>

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deposit and withdraw and all the rest
 

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deposit and withdraw and all the rest
will<00:06:43.940><c> be</c><00:06:44.210><c> made</c><00:06:44.780><c> with</c><00:06:45.139><c> through</c><00:06:45.889><c> the</c><00:06:46.400><c> hub</c><00:06:47.440><c> so</c><00:06:48.440><c> yes</c>

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will be made with through the hub so yes
 

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will be made with through the hub so yes
there's<00:06:48.979><c> still</c><00:06:49.190><c> quite</c><00:06:49.729><c> some</c><00:06:49.940><c> work</c><00:06:51.009><c> to</c><00:06:52.009><c> do</c><00:06:52.130><c> on</c>

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there's still quite some work to do on
 

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there's still quite some work to do on
this<00:06:52.370><c> in</c><00:06:53.210><c> particular</c><00:06:54.130><c> analyzing</c><00:06:55.130><c> the</c>

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this in particular analyzing the
 

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this in particular analyzing the
security<00:06:55.880><c> in</c><00:06:55.940><c> details</c><00:06:56.240><c> in</c><00:06:56.690><c> detail</c>

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security in details in detail
 

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security in details in detail
will<00:06:57.740><c> you</c><00:06:57.860><c> be</c><00:06:58.039><c> the</c><00:06:58.160><c> new</c><00:06:58.280><c> protocol</c><00:06:58.910><c> you</c><00:06:59.150><c> need</c><00:06:59.539><c> to</c>

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will you be the new protocol you need to
 

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will you be the new protocol you need to
verify<00:07:01.520><c> be</c><00:07:01.910><c> sure</c><00:07:02.090><c> that</c><00:07:02.350><c> there's</c><00:07:03.350><c> no</c><00:07:03.470><c> like</c>

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verify be sure that there's no like
 

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verify be sure that there's no like
flows<00:07:04.490><c> and</c><00:07:04.729><c> problems</c><00:07:05.300><c> and</c><00:07:05.900><c> also</c><00:07:07.150><c> being</c><00:07:08.150><c> able</c>

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flows and problems and also being able
 

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flows and problems and also being able
to<00:07:09.070><c> implement</c><00:07:10.070><c> like</c><00:07:10.430><c> the</c><00:07:10.580><c> feature</c><00:07:11.090><c> of</c><00:07:11.210><c> an</c>

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to implement like the feature of an
 

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to implement like the feature of an
exchange<00:07:12.169><c> like</c><00:07:12.229><c> atomic</c><00:07:13.009><c> swaps</c><00:07:13.370><c> and</c><00:07:13.550><c> impartial</c>

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exchange like atomic swaps and impartial
 

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exchange like atomic swaps and impartial
order<00:07:14.919><c> and</c><00:07:15.919><c> now</c><00:07:17.259><c> Antoine</c><00:07:18.259><c> is</c><00:07:18.380><c> going</c><00:07:18.560><c> to</c><00:07:18.710><c> show</c><00:07:19.130><c> a</c>

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order and now Antoine is going to show a
 

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order and now Antoine is going to show a
little<00:07:19.280><c> demo</c><00:07:19.820><c> of</c><00:07:20.419><c> what</c><00:07:20.630><c> you</c><00:07:20.720><c> got</c><00:07:20.870><c> so</c><00:07:20.960><c> far</c>

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thanks<00:07:24.340><c> yeah</c><00:07:25.340><c> the</c><00:07:25.490><c> demo</c><00:07:25.759><c> may</c><00:07:26.479><c> not</c><00:07:26.690><c> look</c><00:07:26.870><c> so</c>

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thanks yeah the demo may not look so
 

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thanks yeah the demo may not look so
impressive<00:07:27.440><c> but</c><00:07:27.710><c> what</c><00:07:27.860><c> we've</c><00:07:28.009><c> done</c><00:07:28.220><c> is</c><00:07:28.430><c> we've</c>

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impressive but what we've done is we've
 

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impressive but what we've done is we've
implemented<00:07:29.240><c> all</c><00:07:29.599><c> the</c><00:07:29.710><c> the</c><00:07:30.710><c> theory</c><00:07:31.190><c> of</c><00:07:31.370><c> how</c><00:07:31.610><c> at</c>

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implemented all the the theory of how at
 

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implemented all the the theory of how at
layer<00:07:32.150><c> 2</c><00:07:32.509><c> an</c><00:07:33.440><c> exchange</c><00:07:34.009><c> would</c><00:07:34.400><c> be</c><00:07:34.580><c> done</c><00:07:34.789><c> atomic</c>

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layer 2 an exchange would be done atomic
 

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layer 2 an exchange would be done atomic
exchange<00:07:35.660><c> completely</c><00:07:36.440><c> trust</c><00:07:36.710><c> less</c><00:07:37.330><c> and</c><00:07:38.330><c> so</c>

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exchange completely trust less and so
 

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exchange completely trust less and so
what's<00:07:38.930><c> missing</c><00:07:39.080><c> from</c><00:07:39.500><c> the</c><00:07:39.620><c> demo</c><00:07:39.800><c> would</c><00:07:39.979><c> be</c>

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what's missing from the demo would be
 

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what's missing from the demo would be
the<00:07:40.550><c> unchain</c><00:07:41.090><c> part</c><00:07:41.360><c> like</c><00:07:41.539><c> depositing</c><00:07:42.229><c> and</c>

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the unchain part like depositing and
 

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the unchain part like depositing and
we're<00:07:42.889><c> drawing</c><00:07:43.039><c> at</c><00:07:43.310><c> the</c><00:07:43.340><c> end</c><00:07:43.460><c> but</c><00:07:44.060><c> just</c><00:07:44.120><c> to</c>

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we're drawing at the end but just to
 

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we're drawing at the end but just to
give<00:07:44.690><c> you</c><00:07:44.780><c> an</c><00:07:44.870><c> idea</c><00:07:45.020><c> of</c><00:07:45.349><c> of</c><00:07:46.210><c> how</c><00:07:47.210><c> this</c><00:07:47.419><c> would</c>

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give you an idea of of how this would
 

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give you an idea of of how this would
actually<00:07:49.130><c> you</c><00:07:49.610><c> know</c><00:07:49.639><c> some</c><00:07:49.940><c> of</c><00:07:49.970><c> the</c><00:07:50.180><c> the</c><00:07:50.360><c> code</c>

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actually you know some of the the code
 

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actually you know some of the the code
we<00:07:50.659><c> have</c><00:07:50.810><c> like</c><00:07:50.990><c> we</c><00:07:51.139><c> actually</c><00:07:51.440><c> create</c><00:07:52.070><c> an</c>

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we have like we actually create an
 

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we have like we actually create an
exchange<00:07:53.750><c> object</c><00:07:54.409><c> we</c><00:07:54.560><c> create</c><00:07:54.770><c> multiple</c>

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exchange object we create multiple
 

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exchange object we create multiple
different<00:07:55.430><c> trading</c><00:07:55.610><c> pairs</c><00:07:55.970><c> there's</c><00:07:56.780><c> two</c>

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different trading pairs there's two
 

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different trading pairs there's two
parties<00:07:57.349><c> involved</c><00:07:57.919><c> here</c><00:07:58.280><c> that</c><00:07:59.030><c> are</c><00:07:59.210><c> going</c><00:07:59.389><c> to</c>

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parties involved here that are going to
 

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parties involved here that are going to
deposit<00:08:01.300><c> money</c><00:08:02.300><c> in</c><00:08:03.199><c> the</c><00:08:03.349><c> channel</c><00:08:03.729><c> and</c><00:08:04.729><c> then</c>

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deposit money in the channel and then
 

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deposit money in the channel and then
trade<00:08:05.360><c> with</c><00:08:05.539><c> each</c><00:08:05.659><c> other</c><00:08:05.840><c> so</c><00:08:05.990><c> they</c><00:08:06.080><c> do</c><00:08:06.139><c> create</c>

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trade with each other so they do create
 

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trade with each other so they do create
order<00:08:07.460><c> objects</c><00:08:07.970><c> and</c><00:08:08.150><c> then</c><00:08:08.599><c> these</c><00:08:08.750><c> orders</c><00:08:09.080><c> are</c>

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order objects and then these orders are
 

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order objects and then these orders are
being<00:08:09.470><c> matched</c><00:08:09.680><c> and</c><00:08:10.039><c> and</c><00:08:10.699><c> each</c><00:08:10.880><c> order</c><00:08:11.180><c> you</c><00:08:11.300><c> see</c>

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being matched and and each order you see
 

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being matched and and each order you see
when<00:08:11.840><c> I</c><00:08:11.870><c> place</c><00:08:12.139><c> an</c><00:08:12.259><c> order</c><00:08:12.470><c> the</c><00:08:12.650><c> order</c><00:08:12.740><c> has</c><00:08:13.039><c> to</c>

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when I place an order the order has to
 

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when I place an order the order has to
be<00:08:13.280><c> signed</c><00:08:13.669><c> by</c><00:08:13.880><c> the</c><00:08:13.909><c> first</c><00:08:14.240><c> party</c><00:08:14.570><c> and</c><00:08:14.750><c> then</c><00:08:15.289><c> to</c>

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be signed by the first party and then to
 

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be signed by the first party and then to
take<00:08:15.710><c> an</c><00:08:15.860><c> order</c><00:08:16.159><c> that's</c><00:08:16.340><c> been</c><00:08:16.490><c> placed</c><00:08:16.849><c> in</c><00:08:16.970><c> the</c>

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take an order that's been placed in the
 

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take an order that's been placed in the
order<00:08:17.120><c> book</c><00:08:17.330><c> I</c><00:08:17.509><c> also</c><00:08:17.690><c> have</c><00:08:17.960><c> to</c><00:08:18.139><c> assign</c><00:08:20.740><c> if</c>

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order book I also have to assign if
 

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order book I also have to assign if
you're<00:08:22.310><c> interested</c><00:08:22.849><c> that</c><00:08:23.000><c> comes</c><00:08:23.210><c> yes</c><00:08:23.449><c> after</c>

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you're interested that comes yes after
 

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you're interested that comes yes after
that<00:08:23.960><c> I'll</c><00:08:24.110><c> give</c><00:08:24.380><c> you</c><00:08:24.470><c> all</c><00:08:24.500><c> the</c><00:08:24.770><c> details</c><00:08:25.250><c> but</c>

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that I'll give you all the details but
 

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that I'll give you all the details but
when<00:08:26.389><c> I</c><00:08:26.419><c> I</c><00:08:26.870><c> run</c><00:08:27.710><c> it</c><00:08:27.860><c> on</c><00:08:27.979><c> my</c><00:08:28.009><c> old</c><00:08:28.400><c> MacBook</c><00:08:28.729><c> this</c>

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when I I run it on my old MacBook this
 

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when I I run it on my old MacBook this
is<00:08:29.210><c> a</c><00:08:29.289><c> 2015</c><00:08:30.289><c> MacBook</c><00:08:30.940><c> we</c><00:08:31.940><c> take</c><00:08:32.149><c> advantage</c><00:08:32.539><c> of</c>

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is a 2015 MacBook we take advantage of
 

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is a 2015 MacBook we take advantage of
all<00:08:32.810><c> the</c><00:08:32.959><c> cores</c><00:08:38.260><c> should</c><00:08:39.260><c> finish</c><00:08:39.440><c> pretty</c><00:08:39.770><c> soon</c>

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well<00:08:46.490><c> I</c><00:08:46.699><c> just</c><00:08:46.910><c> got</c><00:08:47.120><c> under</c><00:08:47.690><c> like</c><00:08:47.899><c> 2000</c>

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well I just got under like 2000
 

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well I just got under like 2000
transactions<00:08:48.980><c> per</c><00:08:49.190><c> second</c><00:08:49.579><c> again</c><00:08:50.120><c> like</c><00:08:50.480><c> at</c>

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transactions per second again like at
 

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transactions per second again like at
layer<00:08:50.959><c> two</c><00:08:51.320><c> so</c><00:08:51.949><c> so</c><00:08:52.610><c> we</c><00:08:52.730><c> are</c><00:08:52.880><c> working</c><00:08:53.209><c> on</c>

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layer two so so we are working on
 

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layer two so so we are working on
mechanisms<00:08:54.019><c> to</c><00:08:54.290><c> you</c><00:08:54.740><c> know</c><00:08:54.829><c> to</c><00:08:54.889><c> handle</c><00:08:55.279><c> the</c>

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mechanisms to you know to handle the
 

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mechanisms to you know to handle the
deposits<00:08:55.880><c> the</c><00:08:56.029><c> withdrawals</c><00:08:56.420><c> and</c><00:08:56.660><c> also</c>

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deposits the withdrawals and also
 

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deposits the withdrawals and also
there's<00:08:57.079><c> some</c><00:08:57.320><c> synchronization</c><00:08:58.160><c> that</c><00:08:58.190><c> needs</c>

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there's some synchronization that needs
 

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there's some synchronization that needs
to<00:08:58.730><c> happen</c><00:08:59.000><c> on</c><00:08:59.089><c> chain</c><00:08:59.420><c> at</c><00:09:00.320><c> some</c><00:09:00.680><c> frequency</c><00:09:01.250><c> but</c>

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to happen on chain at some frequency but
 

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to happen on chain at some frequency but
this<00:09:02.480><c> is</c><00:09:02.600><c> a</c><00:09:02.630><c> kind</c><00:09:02.930><c> of</c><00:09:03.019><c> number</c><00:09:03.440><c> we</c><00:09:03.560><c> can</c><00:09:03.800><c> expect</c>

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this is a kind of number we can expect
 

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this is a kind of number we can expect
like<00:09:04.579><c> even</c><00:09:04.850><c> from</c><00:09:05.029><c> an</c><00:09:05.149><c> from</c><00:09:05.329><c> the</c><00:09:05.600><c> old</c><00:09:05.810><c> machine</c>

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like even from an from the old machine
 

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like even from an from the old machine
so<00:09:06.470><c> and</c><00:09:06.680><c> this</c><00:09:07.010><c> is</c><00:09:07.070><c> horizontally</c><00:09:07.790><c> scalable</c><00:09:08.029><c> so</c>

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so and this is horizontally scalable so
 

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so and this is horizontally scalable so
we<00:09:08.510><c> can</c><00:09:08.630><c> add</c><00:09:08.810><c> more</c><00:09:09.050><c> nodes</c><00:09:09.500><c> to</c><00:09:09.649><c> the</c><00:09:10.279><c> network</c><00:09:10.760><c> oh</c>

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we can add more nodes to the network oh
 

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we can add more nodes to the network oh
thank<00:09:13.670><c> you</c>

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you