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welcome<00:00:05.580><c> to</c><00:00:05.759><c> the</c><00:00:05.910><c> 8th</c><00:00:06.180><c> to</c><00:00:06.480><c> Q&amp;A</c><00:00:06.870><c> session</c>

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welcome to the 8th to Q&amp;A session
 

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welcome to the 8th to Q&amp;A session
and<00:00:07.740><c> what</c><00:00:08.519><c> we're</c><00:00:08.700><c> gonna</c><00:00:08.850><c> do</c><00:00:09.150><c> is</c><00:00:09.450><c> I'm</c><00:00:10.110><c> gonna</c><00:00:10.290><c> add</c>

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and what we're gonna do is I'm gonna add
 

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and what we're gonna do is I'm gonna add
some<00:00:10.530><c> very</c><00:00:11.070><c> very</c><00:00:11.430><c> basic</c><00:00:11.790><c> questions</c><00:00:12.170><c> just</c><00:00:13.170><c> to</c>

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some very very basic questions just to
 

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some very very basic questions just to
get<00:00:13.530><c> you</c><00:00:13.889><c> all</c><00:00:14.130><c> up</c><00:00:14.519><c> to</c><00:00:14.549><c> speed</c><00:00:14.759><c> and</c><00:00:15.150><c> then</c><00:00:15.599><c> I'm</c>

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get you all up to speed and then I'm
 

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get you all up to speed and then I'm
gonna<00:00:15.870><c> open</c><00:00:15.990><c> the</c><00:00:16.410><c> microphone</c><00:00:17.130><c> to</c><00:00:17.520><c> the</c><00:00:18.029><c> crowd</c>

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gonna open the microphone to the crowd
 

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gonna open the microphone to the crowd
just<00:00:20.490><c> a</c><00:00:20.910><c> few</c><00:00:21.300><c> things</c><00:00:21.509><c> I'd</c><00:00:21.899><c> so</c><00:00:22.800><c> like</c><00:00:23.730><c> the</c><00:00:23.970><c> whole</c>

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just a few things I'd so like the whole
 

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just a few things I'd so like the whole
thing<00:00:24.599><c> about</c><00:00:24.840><c> validator</c><00:00:25.470><c> rewards</c><00:00:26.189><c> and</c><00:00:26.399><c> so</c><00:00:26.520><c> on</c>

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thing about validator rewards and so on
 

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thing about validator rewards and so on
I<00:00:27.630><c> don't</c><00:00:28.380><c> know</c><00:00:28.559><c> if</c><00:00:28.800><c> you</c><00:00:29.040><c> want</c><00:00:29.279><c> to</c><00:00:29.399><c> like</c><00:00:29.849><c> dig</c>

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I don't know if you want to like dig
 

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I don't know if you want to like dig
into<00:00:30.360><c> it</c><00:00:30.630><c> otherwise</c><00:00:31.259><c> you</c><00:00:31.500><c> know</c><00:00:31.619><c> I</c><00:00:31.980><c> think</c><00:00:32.189><c> it's</c>

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into it otherwise you know I think it's
 

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into it otherwise you know I think it's
consensus<00:00:33.239><c> that</c><00:00:33.360><c> we</c><00:00:33.540><c> can</c><00:00:33.719><c> skip</c><00:00:33.989><c> those</c>

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consensus that we can skip those
 

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consensus that we can skip those
questions<00:00:34.890><c> make</c><00:00:35.489><c> sense</c><00:00:35.730><c> yeah</c><00:00:36.210><c> cool</c><00:00:37.129><c> all</c><00:00:38.129><c> right</c>

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questions make sense yeah cool all right
 

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questions make sense yeah cool all right
so<00:00:38.839><c> maybe</c><00:00:39.839><c> let's</c><00:00:40.440><c> start</c><00:00:40.949><c> with</c><00:00:41.250><c> Joe</c><00:00:43.309><c> can</c><00:00:44.309><c> you</c>

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so maybe let's start with Joe can you
 

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so maybe let's start with Joe can you
give<00:00:44.579><c> us</c><00:00:44.730><c> an</c><00:00:45.480><c> update</c><00:00:45.660><c> I</c><00:00:46.140><c> over</c><00:00:46.649><c> they</c><00:00:46.859><c> interrupt</c>

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give us an update I over they interrupt
 

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give us an update I over they interrupt
locking<00:00:48.120><c> and</c><00:00:48.359><c> what</c><00:00:48.510><c> you</c><00:00:48.629><c> achieve</c><00:00:48.960><c> and</c><00:00:49.199><c> what</c>

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locking and what you achieve and what
 

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locking and what you achieve and what
that<00:00:49.620><c> exactly</c><00:00:50.100><c> means</c><00:00:52.190><c> so</c><00:00:53.190><c> we</c><00:00:53.399><c> had</c><00:00:53.579><c> this</c>

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that exactly means so we had this
 

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that exactly means so we had this
lock-in<00:00:55.440><c> is</c><00:00:56.429><c> what</c><00:00:56.640><c> we</c><00:00:56.730><c> called</c><00:00:56.940><c> it</c><00:00:57.149><c> it's</c><00:00:57.929><c> kind</c>

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lock-in is what we called it it's kind
 

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lock-in is what we called it it's kind
of<00:00:58.140><c> a</c><00:00:58.230><c> workshop</c><00:00:58.469><c> for</c><00:00:59.190><c> a</c><00:00:59.219><c> week</c><00:00:59.460><c> out</c><00:00:59.730><c> in</c><00:01:00.140><c> Muskoka</c>

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of a workshop for a week out in Muskoka
 

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of a workshop for a week out in Muskoka
Canada<00:01:02.269><c> and</c><00:01:03.269><c> I</c><00:01:03.300><c> guess</c><00:01:03.960><c> we</c><00:01:04.080><c> got</c><00:01:04.199><c> somebody</c><00:01:04.379><c> from</c>

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Canada and I guess we got somebody from
 

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Canada and I guess we got somebody from
Muskoka<00:01:05.129><c> here</c><00:01:11.780><c> pretty</c><00:01:13.070><c> so</c><00:01:14.070><c> basically</c><00:01:14.370><c> the</c>

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Muskoka here pretty so basically the
 

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Muskoka here pretty so basically the
idea<00:01:14.550><c> was</c><00:01:14.940><c> that</c><00:01:14.970><c> we</c><00:01:15.120><c> like</c><00:01:15.300><c> basically</c><00:01:15.660><c> trap</c><00:01:16.050><c> all</c>

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idea was that we like basically trap all
 

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idea was that we like basically trap all
the<00:01:16.500><c> developers</c><00:01:17.070><c> in</c><00:01:17.970><c> this</c><00:01:18.180><c> place</c><00:01:18.450><c> and</c><00:01:19.490><c> make</c>

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the developers in this place and make
 

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the developers in this place and make
them<00:01:20.610><c> join</c><00:01:20.790><c> our</c><00:01:20.970><c> two</c><00:01:21.300><c> cult</c><00:01:21.990><c> and</c><00:01:22.200><c> then</c><00:01:22.970><c> we'll</c>

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them join our two cult and then we'll
 

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them join our two cult and then we'll
work<00:01:24.180><c> on</c><00:01:24.360><c> our</c><00:01:24.510><c> clients</c><00:01:24.990><c> together</c><00:01:25.190><c> and</c><00:01:26.190><c> reduce</c>

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work on our clients together and reduce
 

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work on our clients together and reduce
the<00:01:26.760><c> round-trip</c><00:01:27.600><c> time</c><00:01:27.920><c> for</c><00:01:29.300><c> communication</c>

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the round-trip time for communication
 

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the round-trip time for communication
for<00:01:30.660><c> everybody</c><00:01:31.140><c> on</c><00:01:31.380><c> getting</c><00:01:32.280><c> their</c><00:01:32.400><c> clients</c>

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for everybody on getting their clients
 

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for everybody on getting their clients
to<00:01:32.790><c> interrupt</c><00:01:33.120><c> Interop</c><00:01:33.870><c> is</c><00:01:34.110><c> essentially</c>

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to interrupt Interop is essentially
 

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to interrupt Interop is essentially
being<00:01:34.950><c> able</c><00:01:35.070><c> to</c><00:01:36.680><c> talk</c><00:01:37.680><c> over</c><00:01:37.980><c> live</c><00:01:38.280><c> p2p</c><00:01:38.700><c> to</c><00:01:39.420><c> the</c>

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being able to talk over live p2p to the
 

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being able to talk over live p2p to the
individual<00:01:39.990><c> clients</c><00:01:40.500><c> and</c><00:01:40.700><c> gossip</c><00:01:41.700><c> baptists</c>

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individual clients and gossip baptists
 

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individual clients and gossip baptists
stations<00:01:42.390><c> and</c><00:01:42.660><c> block</c><00:01:43.410><c> proposals</c><00:01:44.090><c> with</c>

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stations and block proposals with
 

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stations and block proposals with
validators<00:01:46.860><c> kind</c><00:01:47.070><c> of</c><00:01:47.130><c> like</c><00:01:47.310><c> shared</c><00:01:47.880><c> among</c><00:01:48.210><c> the</c>

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validators kind of like shared among the
 

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validators kind of like shared among the
individual<00:01:49.050><c> clients</c><00:01:49.760><c> everything</c><00:01:50.810><c> that</c><00:01:51.810><c> you</c>

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individual clients everything that you
 

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individual clients everything that you
need<00:01:52.050><c> without</c><00:01:52.410><c> sinking</c><00:01:52.680><c> and</c><00:01:53.040><c> so</c><00:01:54.200><c> we</c><00:01:55.200><c> were</c>

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need without sinking and so we were
 

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need without sinking and so we were
expecting<00:01:56.280><c> I</c><00:01:56.760><c> think</c><00:01:57.330><c> eight</c><00:01:57.990><c> clients</c><00:01:58.710><c> game</c>

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expecting I think eight clients game
 

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expecting I think eight clients game
seven<00:02:01.230><c> got</c><00:02:02.010><c> two</c><00:02:02.190><c> Interop</c><00:02:02.930><c> and</c><00:02:03.930><c> that</c><00:02:04.650><c> was</c>

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seven got two Interop and that was
 

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seven got two Interop and that was
really<00:02:05.010><c> exciting</c><00:02:05.220><c> I</c><00:02:05.430><c> think</c><00:02:05.700><c> we</c><00:02:05.850><c> thought</c><00:02:06.180><c> that</c>

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really exciting I think we thought that
 

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really exciting I think we thought that
there<00:02:06.510><c> were</c><00:02:06.600><c> probably</c><00:02:06.780><c> only</c><00:02:06.960><c> be</c><00:02:07.200><c> three</c><00:02:07.470><c> or</c>

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there were probably only be three or
 

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there were probably only be three or
four<00:02:07.800><c> that</c><00:02:08.489><c> would</c><00:02:08.610><c> achieve</c><00:02:09.239><c> interrupt</c><00:02:09.810><c> in</c>

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four that would achieve interrupt in
 

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four that would achieve interrupt in
that<00:02:10.080><c> time</c><00:02:10.289><c> which</c><00:02:10.950><c> means</c><00:02:11.129><c> that</c><00:02:11.459><c> all</c><00:02:12.420><c> the</c>

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that time which means that all the
 

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that time which means that all the
individual<00:02:14.219><c> clients</c><00:02:14.640><c> are</c><00:02:14.819><c> really</c><00:02:15.499><c> doing</c><00:02:16.499><c> a</c>

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individual clients are really doing a
 

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individual clients are really doing a
great<00:02:16.650><c> job</c><00:02:16.939><c> so</c>

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great job so
 

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great job so
um<00:02:18.810><c> I</c><00:02:19.410><c> think</c><00:02:19.560><c> that</c><00:02:19.770><c> that</c><00:02:20.150><c> gives</c><00:02:21.150><c> us</c><00:02:21.300><c> more</c>

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um I think that that gives us more
 

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um I think that that gives us more
higher<00:02:23.520><c> probability</c><00:02:24.120><c> that</c><00:02:24.390><c> will</c><00:02:24.770><c> make</c><00:02:26.270><c> some</c>

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higher probability that will make some
 

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higher probability that will make some
early<00:02:28.200><c> q1</c><00:02:28.800><c> don't</c><00:02:29.670><c> quote</c><00:02:29.880><c> that</c><00:02:30.180><c> but</c><00:02:30.510><c> but</c><00:02:31.350><c> there</c>

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early q1 don't quote that but but there
 

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early q1 don't quote that but but there
that's<00:02:32.190><c> kind</c><00:02:32.430><c> of</c><00:02:32.460><c> like</c><00:02:32.610><c> the</c><00:02:32.790><c> idea</c><00:02:33.210><c> right</c><00:02:33.600><c> now</c>

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that's kind of like the idea right now
 

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that's kind of like the idea right now
so<00:02:33.960><c> where</c><00:02:34.080><c> people</c><00:02:34.350><c> are</c><00:02:34.470><c> saying</c><00:02:34.700><c> when</c><00:02:35.700><c> they</c>

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so where people are saying when they
 

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so where people are saying when they
want<00:02:36.090><c> to</c><00:02:36.300><c> see</c><00:02:36.450><c> a</c><00:02:36.480><c> beacon</c><00:02:37.200><c> chained</c><00:02:37.440><c> up</c><00:02:37.680><c> and</c><00:02:38.250><c> so</c><00:02:38.550><c> I</c>

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want to see a beacon chained up and so I
 

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want to see a beacon chained up and so I
think<00:02:38.700><c> there's</c><00:02:39.030><c> a</c><00:02:39.180><c> higher</c><00:02:39.330><c> probability</c><00:02:39.540><c> of</c>

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think there's a higher probability of
 

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think there's a higher probability of
that<00:02:40.140><c> now</c><00:02:41.840><c> so</c><00:02:42.840><c> just</c><00:02:43.680><c> to</c><00:02:44.280><c> give</c><00:02:44.550><c> an</c><00:02:44.790><c> update</c><00:02:44.940><c> does</c>

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that now so just to give an update does
 

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that now so just to give an update does
everyone<00:02:45.960><c> know</c><00:02:46.200><c> what</c><00:02:46.230><c> if</c><00:02:47.100><c> two</c><00:02:47.580><c> is</c><00:02:48.000><c> formed</c><00:02:48.480><c> by</c>

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everyone know what if two is formed by
 

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everyone know what if two is formed by
how<00:02:49.350><c> many</c><00:02:49.590><c> clients</c><00:02:49.890><c> we</c><00:02:50.760><c> have</c><00:02:51.000><c> and</c><00:02:51.480><c> all</c><00:02:51.570><c> of</c><00:02:51.720><c> that</c>

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how many clients we have and all of that
 

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how many clients we have and all of that
I'm<00:02:52.350><c> asking</c><00:02:52.650><c> the</c><00:02:52.860><c> crowd</c><00:02:53.360><c> because</c><00:02:54.360><c> otherwise</c>

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I'm asking the crowd because otherwise
 

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I'm asking the crowd because otherwise
we<00:02:55.350><c> should</c><00:02:55.410><c> give</c><00:02:55.710><c> a</c><00:02:55.740><c> primer</c><00:02:56.040><c> okay</c><00:02:56.520><c> like</c>

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we should give a primer okay like
 

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we should give a primer okay like
apparently<00:02:57.510><c> everyone</c><00:02:57.990><c> knows</c><00:03:00.260><c> all</c><00:03:01.260><c> right</c><00:03:01.530><c> so</c>

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apparently everyone knows all right so
 

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apparently everyone knows all right so
um<00:03:02.630><c> so</c><00:03:03.630><c> I</c><00:03:03.930><c> I</c><00:03:04.020><c> don't</c><00:03:04.290><c> know</c><00:03:04.500><c> like</c><00:03:04.830><c> so</c><00:03:05.070><c> we</c><00:03:05.190><c> have</c><00:03:05.340><c> a</c>

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um so I I don't know like so we have a
 

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um so I I don't know like so we have a
couple<00:03:05.610><c> of</c><00:03:05.820><c> the</c><00:03:05.970><c> clients</c><00:03:06.300><c> here</c><00:03:06.510><c> we</c><00:03:06.690><c> have</c><00:03:06.840><c> meme</c>

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couple of the clients here we have meme
 

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couple of the clients here we have meme
Nimbus<00:03:08.520><c> we</c><00:03:08.850><c> have</c><00:03:09.980><c> lighthouse</c><00:03:10.980><c> we</c><00:03:11.580><c> I</c><00:03:11.850><c> I</c><00:03:12.180><c> just</c>

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Nimbus we have lighthouse we I I just
 

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Nimbus we have lighthouse we I I just
like<00:03:13.020><c> I</c><00:03:13.200><c> can't</c><00:03:16.790><c> these</c><00:03:17.790><c> two</c><00:03:18.180><c> specification</c>

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like I can't these two specification
 

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like I can't these two specification
team<00:03:19.320><c> we</c><00:03:20.220><c> have</c><00:03:20.550><c> a</c><00:03:20.910><c> lodestar</c><00:03:21.870><c> as</c><00:03:22.140><c> well</c><00:03:22.380><c> and</c><00:03:22.800><c> we</c>

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team we have a lodestar as well and we
 

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team we have a lodestar as well and we
have<00:03:23.870><c> anyone</c><00:03:24.870><c> else</c><00:03:25.020><c> oh</c><00:03:26.060><c> oh</c><00:03:27.110><c> sorry</c><00:03:28.400><c> yeah</c><00:03:29.510><c> JD</c>

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have anyone else oh oh sorry yeah JD
 

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have anyone else oh oh sorry yeah JD
okay

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quills<00:03:36.690><c> is</c><00:03:36.930><c> here</c><00:03:37.260><c> their</c><00:03:37.680><c> prototyping</c><00:03:38.310><c> phase</c>

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quills is here their prototyping phase
 

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quills is here their prototyping phase
one<00:03:38.700><c> and</c><00:03:38.820><c> two</c><00:03:41.930><c> all</c><00:03:42.930><c> right</c><00:03:43.110><c> which</c><00:03:43.770><c> of</c><00:03:44.220><c> the</c>

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one and two all right which of the
 

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one and two all right which of the
clients<00:03:44.850><c> is</c><00:03:44.940><c> the</c><00:03:45.090><c> one</c><00:03:45.270><c> that's</c><00:03:45.540><c> most</c><00:03:45.750><c> advanced</c>

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lodestar<00:03:52.790><c> does</c><00:03:52.970><c> a</c><00:03:53.000><c> really</c><00:03:53.330><c> good</c><00:03:53.750><c> job</c><00:03:53.810><c> at</c><00:03:54.170><c> fuzzy</c>

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lodestar does a really good job at fuzzy
 

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lodestar does a really good job at fuzzy
tests<00:03:54.710><c> and</c><00:03:54.890><c> other</c><00:03:54.980><c> clients</c><00:03:56.110><c> we</c><00:03:57.110><c> blow</c><00:03:58.070><c> them</c><00:03:58.250><c> up</c>

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tests and other clients we blow them up
 

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tests and other clients we blow them up
like<00:03:59.500><c> yeah</c><00:04:00.500><c> lighthouse</c><00:04:01.340><c> thought</c><00:04:01.580><c> they</c>

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like yeah lighthouse thought they
 

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like yeah lighthouse thought they
weren't<00:04:01.940><c> gonna</c><00:04:02.270><c> you</c><00:04:02.750><c> know</c><00:04:02.870><c> panic</c><00:04:03.380><c> we</c><00:04:04.190><c> made</c>

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weren't gonna you know panic we made
 

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weren't gonna you know panic we made
them<00:04:04.520><c> panic</c><00:04:04.900><c> they</c><00:04:05.900><c> fixed</c><00:04:06.290><c> it</c><00:04:06.410><c> we</c><00:04:06.830><c> made</c><00:04:07.010><c> them</c>

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them panic they fixed it we made them
 

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them panic they fixed it we made them
panic<00:04:07.460><c> again</c><00:04:07.630><c> those</c><00:04:08.630><c> are</c><00:04:08.660><c> best</c><00:04:09.260><c> lying</c><00:04:09.530><c> a</c><00:04:09.710><c> full</c>

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panic again those are best lying a full
 

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panic again those are best lying a full
time

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time
 

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time
oh<00:04:10.460><c> no</c><00:04:13.030><c> that's</c><00:04:14.030><c> what</c><00:04:14.210><c> we</c><00:04:14.240><c> got</c><00:04:14.540><c> best</c><00:04:14.840><c> in</c><00:04:14.990><c> the</c>

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oh no that's what we got best in the
 

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oh no that's what we got best in the
browser

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browser
 

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browser
all<00:04:18.200><c> right</c><00:04:18.380><c> the</c><00:04:18.500><c> adieu</c><00:04:19.190><c> the</c><00:04:19.340><c> existing</c><00:04:19.880><c> clients</c>

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all right the adieu the existing clients
 

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all right the adieu the existing clients
here<00:04:20.959><c> wanna</c><00:04:21.230><c> give</c><00:04:21.470><c> a</c><00:04:21.500><c> really</c><00:04:22.100><c> quick</c><00:04:22.250><c> update</c>

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here wanna give a really quick update
 

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here wanna give a really quick update
maybe<00:04:23.750><c> we</c><00:04:24.020><c> start</c><00:04:24.350><c> with</c><00:04:26.410><c> okay</c><00:04:27.410><c> we</c><00:04:27.620><c> don't</c><00:04:27.740><c> start</c>

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maybe we start with okay we don't start
 

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maybe we start with okay we don't start
with<00:04:28.250><c> you</c><00:04:28.370><c> yes</c>

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yeah<00:04:34.100><c> nimbus</c><00:04:34.960><c> first</c><00:04:35.960><c> of</c><00:04:36.080><c> all</c><00:04:36.140><c> yeah</c><00:04:36.350><c> thanks</c><00:04:36.680><c> to</c>

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yeah nimbus first of all yeah thanks to
 

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yeah nimbus first of all yeah thanks to
consensus<00:04:38.210><c> and</c><00:04:38.390><c> and</c><00:04:38.980><c> the</c><00:04:39.980><c> organizers</c><00:04:40.460><c> of</c><00:04:40.490><c> the</c>

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consensus and and the organizers of the
 

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consensus and and the organizers of the
entropic<00:04:41.480><c> was</c><00:04:41.810><c> really</c><00:04:42.080><c> really</c><00:04:42.320><c> really</c><00:04:42.620><c> good</c>

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entropic was really really really good
 

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entropic was really really really good
to<00:04:43.160><c> get</c><00:04:43.250><c> together</c><00:04:43.580><c> their</c><00:04:44.800><c> work</c><00:04:45.800><c> out</c><00:04:45.980><c> a</c><00:04:46.010><c> lot</c><00:04:46.220><c> of</c>

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to get together their work out a lot of
 

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to get together their work out a lot of
practical<00:04:47.030><c> little</c><00:04:47.450><c> details</c><00:04:47.840><c> that</c><00:04:47.990><c> have</c><00:04:48.200><c> to</c><00:04:48.320><c> be</c>

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practical little details that have to be
 

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practical little details that have to be
worked<00:04:48.470><c> out</c><00:04:48.830><c> when</c><00:04:49.040><c> you're</c><00:04:49.360><c> trying</c><00:04:50.360><c> to</c><00:04:50.480><c> make</c>

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worked out when you're trying to make
 

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worked out when you're trying to make
two<00:04:50.930><c> pieces</c><00:04:51.290><c> of</c><00:04:51.320><c> software</c><00:04:51.710><c> work</c><00:04:51.980><c> you'd</c><00:04:52.190><c> think</c>

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two pieces of software work you'd think
 

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two pieces of software work you'd think
that<00:04:52.850><c> it's</c><00:04:52.970><c> easy</c><00:04:53.240><c> like</c><00:04:53.450><c> their</c><00:04:53.660><c> suspect</c>

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that it's easy like their suspect
 

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that it's easy like their suspect
everybody<00:04:54.740><c> just</c><00:04:55.130><c> writes</c><00:04:55.340><c> the</c><00:04:55.520><c> code</c><00:04:55.700><c> and</c><00:04:55.970><c> then</c>

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everybody just writes the code and then
 

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everybody just writes the code and then
you<00:04:56.480><c> know</c><00:04:56.570><c> boots</c><00:04:56.900><c> it</c><00:04:57.050><c> up</c><00:04:57.170><c> and</c><00:04:57.320><c> it</c><00:04:57.380><c> works</c><00:04:58.570><c> and</c>

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you know boots it up and it works and
 

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you know boots it up and it works and
that's<00:04:59.660><c> obviously</c><00:05:00.080><c> not</c><00:05:00.260><c> the</c><00:05:00.290><c> way</c><00:05:00.500><c> it</c><00:05:00.560><c> works</c><00:05:01.600><c> we</c>

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that's obviously not the way it works we
 

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that's obviously not the way it works we
have<00:05:02.630><c> a</c><00:05:02.900><c> pretty</c><00:05:03.440><c> complex</c><00:05:03.800><c> product</c><00:05:04.250><c> coming</c><00:05:04.580><c> out</c>

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have a pretty complex product coming out
 

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have a pretty complex product coming out
and<00:05:05.860><c> they're</c><00:05:06.860><c> having</c><00:05:06.890><c> very</c><00:05:07.400><c> many</c><00:05:07.610><c> basic</c>

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and they're having very many basic
 

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and they're having very many basic
building<00:05:08.780><c> blocks</c><00:05:09.020><c> that</c><00:05:09.200><c> have</c><00:05:09.260><c> to</c><00:05:09.530><c> fall</c><00:05:10.220><c> into</c>

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building blocks that have to fall into
 

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building blocks that have to fall into
place<00:05:10.520><c> like</c><00:05:11.200><c> that's</c><00:05:12.200><c> the</c><00:05:12.350><c> networking</c><00:05:12.740><c> that's</c>

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place like that's the networking that's
 

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place like that's the networking that's
the<00:05:13.220><c> cryptography</c><00:05:14.000><c> that's</c><00:05:14.210><c> this</c><00:05:14.840><c> pack</c><00:05:15.080><c> itself</c>

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the cryptography that's this pack itself
 

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the cryptography that's this pack itself
and<00:05:17.960><c> I</c><00:05:18.170><c> think</c><00:05:19.180><c> really</c><00:05:20.180><c> valuable</c><00:05:20.540><c> was</c><00:05:20.870><c> finding</c>

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and I think really valuable was finding
 

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and I think really valuable was finding
out<00:05:21.680><c> and</c><00:05:21.890><c> using</c><00:05:22.220><c> each</c><00:05:22.360><c> other's</c><00:05:23.360><c> clients</c><00:05:23.870><c> as</c>

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out and using each other's clients as
 

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out and using each other's clients as
stress<00:05:24.380><c> tests</c><00:05:24.800><c> as</c><00:05:25.130><c> a</c><00:05:25.190><c> first</c><00:05:25.550><c> sort</c><00:05:25.910><c> of</c><00:05:26.000><c> fast</c>

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stress tests as a first sort of fast
 

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stress tests as a first sort of fast
testing<00:05:27.020><c> platform</c><00:05:29.620><c> so</c><00:05:30.620><c> that</c><00:05:30.650><c> we</c><00:05:30.920><c> could</c><00:05:31.130><c> feel</c>

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testing platform so that we could feel
 

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testing platform so that we could feel
out<00:05:32.060><c> where</c><00:05:32.780><c> the</c><00:05:33.530><c> other</c><00:05:33.650><c> clients</c><00:05:34.070><c> have</c><00:05:34.160><c> put</c>

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out where the other clients have put
 

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out where the other clients have put
their<00:05:34.640><c> effort</c><00:05:35.540><c> the</c><00:05:35.840><c> most</c><00:05:36.050><c> and</c><00:05:36.400><c> then</c><00:05:37.400><c> that's</c>

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their effort the most and then that's
 

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their effort the most and then that's
how<00:05:38.330><c> we</c><00:05:38.390><c> could</c><00:05:38.630><c> improve</c><00:05:38.960><c> our</c><00:05:39.230><c> own</c><00:05:39.380><c> client</c><00:05:39.770><c> to</c>

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how we could improve our own client to
 

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how we could improve our own client to
sort<00:05:40.070><c> of</c><00:05:40.160><c> match</c><00:05:40.340><c> that</c><00:05:40.370><c> level</c><00:05:42.970><c> so</c><00:05:43.970><c> I</c><00:05:44.450><c> think</c>

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sort of match that level so I think
 

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sort of match that level so I think
Interop<00:05:45.530><c> was</c><00:05:45.680><c> great</c><00:05:45.890><c> for</c><00:05:46.100><c> this</c><00:05:46.250><c> we</c><00:05:46.490><c> found</c><00:05:46.730><c> lots</c>

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Interop was great for this we found lots
 

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Interop was great for this we found lots
of<00:05:47.120><c> bugs</c><00:05:47.360><c> lots</c><00:05:47.600><c> of</c><00:05:47.780><c> issues</c><00:05:47.930><c> lots</c><00:05:48.410><c> of</c><00:05:48.560><c> places</c>

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of bugs lots of issues lots of places
 

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of bugs lots of issues lots of places
where

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the<00:05:52.630><c> thinking</c><00:05:53.140><c> was</c><00:05:53.320><c> not</c><00:05:53.470><c> consistent</c><00:05:53.890><c> between</c>

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the thinking was not consistent between
 

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the thinking was not consistent between
the<00:05:54.550><c> kinds</c><00:05:54.970><c> and</c><00:05:55.150><c> that</c><00:05:55.900><c> was</c><00:05:56.410><c> sorted</c><00:05:56.770><c> out</c><00:05:56.950><c> during</c>

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the kinds and that was sorted out during
 

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the kinds and that was sorted out during
that<00:05:58.060><c> intro</c><00:05:58.450><c> I</c><00:05:58.900><c> mean</c><00:05:59.560><c> there</c><00:05:59.710><c> was</c><00:05:59.830><c> a</c><00:05:59.860><c> lead-up</c><00:06:00.160><c> to</c>

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that intro I mean there was a lead-up to
 

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that intro I mean there was a lead-up to
the<00:06:00.700><c> interrupt</c><00:06:01.120><c> where</c><00:06:01.330><c> were</c><00:06:01.600><c> clients</c><00:06:02.080><c> were</c>

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the interrupt where were clients were
 

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the interrupt where were clients were
sort<00:06:02.440><c> of</c><00:06:02.500><c> pairing</c><00:06:02.860><c> off</c><00:06:03.010><c> and</c><00:06:03.220><c> trying</c><00:06:03.490><c> to</c><00:06:04.800><c> solve</c>

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sort of pairing off and trying to solve
 

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sort of pairing off and trying to solve
some<00:06:06.040><c> of</c><00:06:06.070><c> the</c><00:06:06.250><c> initial</c><00:06:06.610><c> things</c><00:06:06.640><c> to</c><00:06:07.000><c> make</c><00:06:07.120><c> it</c>

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some of the initial things to make it
 

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some of the initial things to make it
smooth<00:06:07.540><c> right</c><00:06:07.840><c> so</c><00:06:08.140><c> that's</c><00:06:08.950><c> that's</c><00:06:09.610><c> probably</c>

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smooth right so that's that's probably
 

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smooth right so that's that's probably
why<00:06:10.300><c> we</c><00:06:10.510><c> saw</c><00:06:10.720><c> so</c><00:06:10.930><c> many</c><00:06:11.050><c> successes</c><00:06:11.560><c> right</c><00:06:11.950><c> on</c>

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why we saw so many successes right on
 

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why we saw so many successes right on
the<00:06:12.790><c> spot</c><00:06:13.000><c> as</c><00:06:13.150><c> well</c><00:06:13.300><c> like</c><00:06:13.620><c> yeah</c><00:06:15.270><c> thank</c><00:06:16.270><c> you</c>

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the spot as well like yeah thank you
 

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the spot as well like yeah thank you
Artemis<00:06:19.060><c> so</c><00:06:19.480><c> after</c><00:06:20.380><c> Interop</c><00:06:20.770><c> we</c><00:06:21.040><c> ripped</c><00:06:21.700><c> out</c>

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Artemis so after Interop we ripped out
 

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Artemis so after Interop we ripped out
our<00:06:22.120><c> rust</c><00:06:22.960><c> implementation</c><00:06:23.710><c> of</c><00:06:23.830><c> lit</c><00:06:23.980><c> p2p</c><00:06:24.370><c> were</c>

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our rust implementation of lit p2p were
 

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our rust implementation of lit p2p were
the<00:06:25.690><c> Java</c><00:06:25.990><c> client</c><00:06:26.260><c> so</c><00:06:26.680><c> we</c><00:06:26.890><c> went</c><00:06:27.130><c> for</c><00:06:27.340><c> the</c><00:06:27.550><c> JVM</c>

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the Java client so we went for the JVM
 

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the Java client so we went for the JVM
lit<00:06:28.330><c> b2b</c><00:06:29.070><c> that</c><00:06:30.070><c> was</c><00:06:30.370><c> built</c><00:06:30.730><c> by</c><00:06:30.850><c> harmony</c><00:06:31.240><c> and</c><00:06:32.140><c> we</c>

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lit b2b that was built by harmony and we
 

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lit b2b that was built by harmony and we
put<00:06:32.740><c> that</c><00:06:32.860><c> in</c><00:06:33.100><c> and</c><00:06:34.000><c> now</c><00:06:34.210><c> we're</c><00:06:34.390><c> kind</c><00:06:34.510><c> of</c>

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put that in and now we're kind of
 

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put that in and now we're kind of
working<00:06:34.780><c> on</c><00:06:35.430><c> some</c><00:06:37.590><c> sync</c><00:06:38.590><c> issues</c><00:06:38.950><c> and</c><00:06:39.250><c> some</c>

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working on some sync issues and some
 

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working on some sync issues and some
implementation<00:06:41.920><c> issues</c><00:06:42.010><c> to</c><00:06:42.970><c> kind</c><00:06:43.210><c> of</c><00:06:43.240><c> get</c>

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implementation issues to kind of get
 

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implementation issues to kind of get
ready<00:06:43.570><c> we're</c><00:06:44.230><c> turning</c><00:06:44.590><c> our</c><00:06:45.340><c> team</c><00:06:46.150><c> over</c><00:06:46.540><c> to</c>

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ready we're turning our team over to
 

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ready we're turning our team over to
start<00:06:46.960><c> working</c><00:06:47.170><c> on</c><00:06:47.230><c> a</c><00:06:47.290><c> sharding</c><00:06:47.650><c> client</c><00:06:48.570><c> we're</c>

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start working on a sharding client we're
 

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start working on a sharding client we're
leaving<00:06:51.580><c> our</c><00:06:51.730><c> beacon</c><00:06:52.000><c> chain</c><00:06:52.180><c> client</c><00:06:52.570><c> with</c><00:06:52.690><c> the</c>

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leaving our beacon chain client with the
 

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leaving our beacon chain client with the
production<00:06:53.260><c> team</c><00:06:53.440><c> who's</c><00:06:53.890><c> going</c><00:06:53.920><c> to</c><00:06:54.130><c> kind</c><00:06:54.280><c> of</c>

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production team who's going to kind of
 

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production team who's going to kind of
like<00:06:54.520><c> get</c><00:06:55.150><c> the</c><00:06:55.770><c> more</c><00:06:56.770><c> hardened</c><00:06:57.220><c> for</c>

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like get the more hardened for
 

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like get the more hardened for
production<00:06:58.410><c> and</c><00:07:00.180><c> yeah</c><00:07:01.180><c> that's</c><00:07:01.510><c> kind</c><00:07:01.750><c> of</c><00:07:01.780><c> where</c>

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production and yeah that's kind of where
 

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production and yeah that's kind of where
we<00:07:02.200><c> are</c><00:07:03.090><c> we're</c><00:07:04.090><c> going</c><00:07:04.300><c> to</c><00:07:04.420><c> work</c><00:07:05.020><c> on</c><00:07:05.140><c> a</c><00:07:05.170><c> new</c>

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we are we're going to work on a new
 

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we are we're going to work on a new
sharding<00:07:05.710><c> client</c><00:07:06.070><c> that's</c><00:07:06.190><c> going</c><00:07:06.310><c> to</c><00:07:06.370><c> be</c><00:07:06.460><c> built</c>

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sharding client that's going to be built
 

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sharding client that's going to be built
in<00:07:06.790><c> Kotlin</c><00:07:07.410><c> just</c><00:07:08.410><c> super</c><00:07:08.740><c> set</c><00:07:08.920><c> of</c><00:07:08.950><c> Java</c><00:07:09.250><c> and</c>

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in Kotlin just super set of Java and
 

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in Kotlin just super set of Java and
also<00:07:10.840><c> compiled</c><00:07:11.380><c> to</c><00:07:11.500><c> machine</c><00:07:11.530><c> code</c><00:07:14.460><c> notes</c><00:07:15.460><c> sir</c>

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also compiled to machine code notes sir
 

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also compiled to machine code notes sir
yeah<00:07:17.310><c> Interop</c><00:07:18.330><c> we</c><00:07:19.330><c> started</c><00:07:19.630><c> we</c><00:07:19.750><c> kind</c><00:07:19.900><c> of</c><00:07:19.960><c> broke</c>

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yeah Interop we started we kind of broke
 

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yeah Interop we started we kind of broke
into<00:07:20.350><c> several</c><00:07:20.530><c> different</c><00:07:21.450><c> sub</c><00:07:22.450><c> teams</c><00:07:22.690><c> we're</c>

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into several different sub teams we're
 

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into several different sub teams we're
working<00:07:24.100><c> on</c><00:07:24.280><c> getting</c><00:07:24.640><c> lodestar</c><00:07:25.510><c> kind</c><00:07:26.290><c> of</c>

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working on getting lodestar kind of
 

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working on getting lodestar kind of
productionize<00:07:27.240><c> we</c><00:07:28.240><c> have</c><00:07:28.360><c> a</c><00:07:28.390><c> lot</c><00:07:28.510><c> of</c>

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productionize we have a lot of
 

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productionize we have a lot of
optimization<00:07:29.200><c> to</c><00:07:29.320><c> do</c><00:07:29.440><c> to</c><00:07:29.710><c> really</c><00:07:29.980><c> get</c><00:07:30.580><c> to</c><00:07:30.670><c> like</c>

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optimization to do to really get to like
 

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optimization to do to really get to like
this<00:07:30.940><c> production</c><00:07:31.860><c> level</c><00:07:32.860><c> that</c><00:07:33.070><c> Danny</c><00:07:33.280><c> was</c>

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this production level that Danny was
 

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this production level that Danny was
talking<00:07:33.460><c> about</c><00:07:34.530><c> and</c><00:07:35.700><c> we</c><00:07:36.700><c> also</c><00:07:36.970><c> were</c><00:07:37.750><c> kind</c><00:07:38.080><c> of</c>

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talking about and we also were kind of
 

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talking about and we also were kind of
looking<00:07:38.230><c> ahead</c><00:07:38.440><c> at</c><00:07:39.310><c> a</c><00:07:39.850><c> light</c><00:07:40.330><c> client</c><00:07:40.780><c> work</c><00:07:41.200><c> so</c>

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looking ahead at a light client work so
 

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looking ahead at a light client work so
we<00:07:42.880><c> start</c><00:07:43.150><c> we've</c><00:07:43.360><c> started</c><00:07:43.630><c> to</c><00:07:44.430><c> prototype</c><00:07:45.430><c> some</c>

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we start we've started to prototype some
 

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we start we've started to prototype some
of<00:07:46.420><c> that</c><00:07:46.570><c> work</c><00:07:47.110><c> out</c><00:07:47.590><c> and</c><00:07:48.990><c> we're</c><00:07:50.130><c> hopefully</c>

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of that work out and we're hopefully
 

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of that work out and we're hopefully
going<00:07:51.250><c> to</c><00:07:51.370><c> start</c><00:07:51.550><c> contributing</c><00:07:51.790><c> back</c><00:07:52.090><c> to</c><00:07:52.150><c> the</c>

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going to start contributing back to the
 

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going to start contributing back to the
spec<00:07:52.630><c> a</c><00:07:52.660><c> little</c><00:07:52.960><c> bit</c>

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thank<00:07:57.020><c> you</c><00:07:57.110><c> that</c><00:07:57.589><c> house</c><00:07:58.270><c> we're</c><00:07:59.270><c> going</c><00:07:59.449><c> well</c><00:07:59.599><c> I</c>

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thank you that house we're going well I
 

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thank you that house we're going well I
mean<00:08:00.919><c> focus</c><00:08:01.249><c> at</c><00:08:01.339><c> the</c><00:08:01.399><c> moment</c><00:08:01.429><c> is</c><00:08:01.789><c> to</c><00:08:01.909><c> target</c>

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mean focus at the moment is to target
 

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mean focus at the moment is to target
feature<00:08:02.419><c> completeness</c><00:08:02.839><c> so</c><00:08:03.589><c> phase</c><00:08:03.830><c> zero</c>

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feature completeness so phase zero
 

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feature completeness so phase zero
feature<00:08:04.279><c> completeness</c><00:08:04.729><c> we're</c><00:08:05.599><c> getting</c><00:08:05.779><c> quite</c>

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feature completeness we're getting quite
 

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feature completeness we're getting quite
close<00:08:06.080><c> we're</c><00:08:06.589><c> just</c><00:08:06.800><c> sort</c><00:08:07.459><c> of</c><00:08:07.489><c> polishing</c><00:08:07.879><c> off</c>

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close we're just sort of polishing off
 

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close we're just sort of polishing off
the<00:08:08.269><c> integration</c><00:08:08.869><c> to</c><00:08:09.019><c> f12</c><00:08:09.379><c> the</c><00:08:09.619><c> deposit</c>

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the integration to f12 the deposit
 

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the integration to f12 the deposit
contract<00:08:10.399><c> we're</c><00:08:11.389><c> also</c><00:08:11.509><c> working</c><00:08:11.809><c> on</c><00:08:12.110><c> some</c>

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contract we're also working on some
 

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contract we're also working on some
slashing<00:08:13.610><c> protection</c><00:08:14.059><c> for</c><00:08:14.269><c> validators</c><00:08:14.779><c> so</c>

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slashing protection for validators so
 

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slashing protection for validators so
this<00:08:15.800><c> is</c><00:08:15.919><c> kind</c><00:08:16.459><c> of</c><00:08:16.580><c> the</c><00:08:17.509><c> idea</c><00:08:17.689><c> of</c><00:08:17.839><c> feature</c>

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this is kind of the idea of feature
 

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this is kind of the idea of feature
complete<00:08:18.289><c> being</c><00:08:18.699><c> that</c><00:08:19.699><c> we</c><00:08:20.269><c> can</c><00:08:20.419><c> run</c><00:08:20.569><c> the</c>

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complete being that we can run the
 

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complete being that we can run the
protocol<00:08:21.169><c> we</c><00:08:21.589><c> can</c><00:08:22.099><c> we</c><00:08:22.610><c> have</c><00:08:22.729><c> everything</c><00:08:22.999><c> we</c>

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protocol we can we have everything we
 

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protocol we can we have everything we
need<00:08:23.389><c> to</c><00:08:23.779><c> run</c><00:08:23.959><c> and</c><00:08:24.169><c> we</c><00:08:24.229><c> can</c><00:08:24.379><c> run</c><00:08:24.529><c> off</c><00:08:24.709><c> the</c>

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need to run and we can run off the
 

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need to run and we can run off the
deposit<00:08:25.189><c> contract</c><00:08:25.369><c> but</c><00:08:26.149><c> not</c><00:08:26.300><c> necessarily</c><00:08:26.869><c> can</c>

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deposit contract but not necessarily can
 

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deposit contract but not necessarily can
we<00:08:27.469><c> run</c><00:08:27.709><c> to</c><00:08:28.189><c> say</c><00:08:28.339><c> a</c><00:08:28.580><c> year</c><00:08:28.819><c> and</c><00:08:29.149><c> use</c><00:08:29.360><c> reasonable</c>

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we run to say a year and use reasonable
 

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we run to say a year and use reasonable
disk<00:08:30.169><c> usage</c><00:08:30.439><c> so</c><00:08:31.399><c> that's</c><00:08:31.550><c> something</c><00:08:31.729><c> we're</c>

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disk usage so that's something we're
 

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disk usage so that's something we're
working<00:08:32.209><c> on</c><00:08:32.569><c> now</c><00:08:32.750><c> is</c><00:08:32.959><c> trying</c><00:08:33.949><c> to</c><00:08:34.009><c> figure</c><00:08:34.159><c> out</c>

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working on now is trying to figure out
 

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working on now is trying to figure out
how<00:08:34.490><c> to</c><00:08:34.550><c> optimize</c><00:08:34.729><c> that</c><00:08:35.180><c> database</c><00:08:35.509><c> storage</c><00:08:35.990><c> so</c>

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how to optimize that database storage so
 

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how to optimize that database storage so
that<00:08:36.199><c> so</c><00:08:36.529><c> that</c><00:08:36.560><c> we</c><00:08:36.740><c> can</c><00:08:36.860><c> run</c><00:08:37.009><c> for</c><00:08:37.250><c> a</c><00:08:37.310><c> long</c><00:08:37.459><c> time</c>

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that so that we can run for a long time
 

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that so that we can run for a long time
yeah<00:08:40.159><c> so</c><00:08:40.399><c> I</c><00:08:40.430><c> think</c><00:08:40.519><c> the</c><00:08:40.819><c> next</c><00:08:41.209><c> thing</c><00:08:41.360><c> for</c><00:08:41.449><c> us</c><00:08:41.659><c> is</c>

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yeah so I think the next thing for us is
 

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yeah so I think the next thing for us is
we<00:08:42.139><c> really</c><00:08:42.349><c> need</c><00:08:42.469><c> to</c><00:08:42.589><c> start</c><00:08:43.120><c> testing</c><00:08:44.120><c> more</c>

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we really need to start testing more
 

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we really need to start testing more
public<00:08:45.410><c> test</c><00:08:45.800><c> nets</c><00:08:46.009><c> we</c><00:08:46.220><c> need</c><00:08:46.339><c> to</c><00:08:46.459><c> get</c><00:08:46.610><c> one</c><00:08:46.759><c> of</c>

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public test nets we need to get one of
 

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public test nets we need to get one of
our<00:08:46.970><c> own</c><00:08:47.149><c> public</c><00:08:47.300><c> test</c><00:08:47.660><c> nuts</c><00:08:47.839><c> up</c><00:08:48.050><c> and</c><00:08:48.829><c> we</c><00:08:48.920><c> also</c>

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our own public test nuts up and we also
 

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our own public test nuts up and we also
need<00:08:49.370><c> to</c><00:08:49.490><c> start</c><00:08:49.730><c> doing</c><00:08:49.880><c> test</c><00:08:50.779><c> nets</c><00:08:50.990><c> with</c><00:08:51.199><c> other</c>

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need to start doing test nets with other
 

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need to start doing test nets with other
clients<00:08:51.920><c> using</c><00:08:52.430><c> the</c><00:08:52.880><c> f1</c><00:08:53.269><c> chain</c><00:08:53.600><c> as</c><00:08:53.870><c> the</c><00:08:54.050><c> source</c>

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clients using the f1 chain as the source
 

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clients using the f1 chain as the source
of<00:08:54.500><c> deposits</c><00:08:55.310><c> so</c><00:08:55.970><c> we</c><00:08:56.060><c> can</c><00:08:56.240><c> test</c><00:08:56.449><c> this</c><00:08:56.720><c> like</c>

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of deposits so we can test this like
 

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of deposits so we can test this like
dynamic<00:08:57.579><c> validator</c><00:08:58.579><c> set</c><00:08:58.819><c> because</c><00:08:59.000><c> this</c><00:08:59.089><c> is</c>

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dynamic validator set because this is
 

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dynamic validator set because this is
the<00:08:59.329><c> thing</c><00:08:59.480><c> that</c><00:08:59.600><c> we</c><00:08:59.660><c> didn't</c><00:08:59.899><c> test</c><00:09:00.079><c> at</c><00:09:00.319><c> Interop</c>

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the thing that we didn't test at Interop
 

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the thing that we didn't test at Interop
yeah<00:09:02.540><c> that's</c><00:09:02.779><c> that's</c><00:09:02.959><c> awesome</c><00:09:03.170><c> we're</c><00:09:03.500><c> we're</c>

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yeah that's that's awesome we're we're
 

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yeah that's that's awesome we're we're
also<00:09:03.769><c> really</c><00:09:04.040><c> trying</c><00:09:04.370><c> to</c><00:09:04.579><c> help</c><00:09:05.240><c> foster</c><00:09:05.449><c> the</c>

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also really trying to help foster the
 

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also really trying to help foster the
cool<00:09:06.920><c> team</c><00:09:07.130><c> to</c><00:09:07.490><c> to</c><00:09:08.269><c> make</c><00:09:08.389><c> sure</c><00:09:08.509><c> that</c><00:09:08.689><c> they</c><00:09:08.810><c> can</c>

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cool team to to make sure that they can
 

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cool team to to make sure that they can
keep<00:09:09.110><c> researching</c><00:09:09.439><c> the</c><00:09:10.130><c> the</c><00:09:10.850><c> next</c><00:09:11.240><c> phases</c>

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keep researching the the next phases
 

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keep researching the the next phases
whilst<00:09:12.949><c> still</c><00:09:13.430><c> delivering</c><00:09:13.790><c> phase</c><00:09:14.029><c> zero</c><00:09:16.000><c> yeah</c>

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whilst still delivering phase zero yeah
 

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whilst still delivering phase zero yeah
so<00:09:17.470><c> Trudy</c><00:09:18.470><c> was</c><00:09:18.589><c> a</c><00:09:18.620><c> Interop</c><00:09:19.009><c> we</c><00:09:19.670><c> had</c><00:09:19.819><c> a</c><00:09:19.850><c> lot</c><00:09:20.000><c> of</c>

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so Trudy was a Interop we had a lot of
 

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so Trudy was a Interop we had a lot of
fun<00:09:20.329><c> working</c><00:09:20.509><c> with</c><00:09:20.779><c> everyone</c><00:09:21.490><c> since</c><00:09:22.490><c> then</c>

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fun working with everyone since then
 

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fun working with everyone since then
we've<00:09:22.910><c> been</c><00:09:22.939><c> just</c><00:09:23.449><c> sort</c><00:09:23.600><c> of</c><00:09:23.630><c> merging</c><00:09:23.899><c> in</c><00:09:24.110><c> all</c>

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we've been just sort of merging in all
 

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we've been just sort of merging in all
the<00:09:24.439><c> things</c><00:09:24.620><c> we</c><00:09:24.769><c> found</c><00:09:24.949><c> there</c><00:09:25.250><c> nothing</c><00:09:26.060><c> major</c>

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the things we found there nothing major
 

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the things we found there nothing major
but<00:09:26.630><c> just</c><00:09:26.810><c> a</c><00:09:26.899><c> lot</c><00:09:27.019><c> of</c><00:09:27.050><c> like</c><00:09:27.290><c> tiny</c><00:09:27.649><c> little</c>

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but just a lot of like tiny little
 

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but just a lot of like tiny little
things<00:09:28.160><c> as</c><00:09:28.550><c> I'm</c><00:09:28.819><c> sure</c><00:09:28.970><c> other</c><00:09:29.120><c> people</c><00:09:29.180><c> found</c>

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things as I'm sure other people found
 

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things as I'm sure other people found
the<00:09:31.009><c> big</c><00:09:31.250><c> thing</c><00:09:31.430><c> arrest</c><00:09:31.610><c> will</c><00:09:31.699><c> be</c><00:09:31.730><c> performance</c>

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the big thing arrest will be performance
 

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the big thing arrest will be performance
so<00:09:32.810><c> Trinity</c><00:09:33.259><c> is</c><00:09:33.350><c> a</c><00:09:33.380><c> client</c><00:09:33.800><c> written</c><00:09:33.889><c> in</c><00:09:34.100><c> Python</c>

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so Trinity is a client written in Python
 

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so Trinity is a client written in Python
so<00:09:35.230><c> well</c><00:09:36.230><c> it's</c><00:09:36.560><c> great</c><00:09:37.069><c> in</c><00:09:37.250><c> terms</c><00:09:37.370><c> of</c><00:09:37.519><c> being</c>

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so well it's great in terms of being
 

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so well it's great in terms of being
readable<00:09:38.000><c> and</c><00:09:38.149><c> very</c><00:09:38.329><c> approachable</c><00:09:38.569><c> and</c>

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readable and very approachable and
 

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readable and very approachable and
accessible<00:09:39.130><c> we</c><00:09:40.130><c> definitely</c><00:09:40.459><c> have</c><00:09:40.550><c> to</c><00:09:40.579><c> deal</c>

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accessible we definitely have to deal
 

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accessible we definitely have to deal
with<00:09:41.149><c> sort</c><00:09:41.480><c> of</c><00:09:41.509><c> this</c><00:09:41.630><c> performance</c><00:09:42.019><c> penalty</c><00:09:42.410><c> we</c>

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with sort of this performance penalty we
 

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with sort of this performance penalty we
accept<00:09:43.579><c> by</c><00:09:43.790><c> choice</c><00:09:44.199><c> so</c><00:09:45.199><c> that'll</c><00:09:45.410><c> be</c><00:09:45.500><c> a</c><00:09:45.529><c> lot</c><00:09:45.649><c> of</c>

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accept by choice so that'll be a lot of
 

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accept by choice so that'll be a lot of
our<00:09:45.889><c> work</c><00:09:45.980><c> moving</c><00:09:46.459><c> forward</c><00:09:46.880><c> for</c><00:09:47.000><c> the</c><00:09:47.089><c> next</c>

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our work moving forward for the next
 

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our work moving forward for the next
couple<00:09:47.329><c> months</c><00:09:47.449><c> is</c><00:09:47.899><c> making</c><00:09:48.529><c> really</c><00:09:49.279><c> fast</c>

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couple months is making really fast
 

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couple months is making really fast
interpreter<00:09:50.120><c> code</c><00:09:51.189><c> well</c><00:09:52.189><c> thank</c><00:09:52.519><c> you</c><00:09:52.699><c> I</c><00:09:53.680><c> am</c>

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interpreter code well thank you I am
 

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interpreter code well thank you I am
losing<00:09:55.339><c> my</c><00:09:55.519><c> voice</c><00:09:55.730><c> so</c><00:09:56.149><c> excuse</c><00:09:56.839><c> me</c>

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losing my voice so excuse me
 

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losing my voice so excuse me
so<00:09:58.300><c> the</c><00:09:59.300><c> quilt</c><00:09:59.509><c> team</c><00:09:59.689><c> has</c><00:10:00.199><c> been</c><00:10:00.560><c> focused</c><00:10:01.430><c> on</c>

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so the quilt team has been focused on
 

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so the quilt team has been focused on
doing<00:10:01.939><c> research</c><00:10:02.240><c> around</c><00:10:02.389><c> phase</c><00:10:02.720><c> two</c><00:10:03.730><c> building</c>

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doing research around phase two building
 

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doing research around phase two building
on<00:10:05.170><c> execution</c><00:10:06.170><c> environments</c><00:10:07.240><c> and</c><00:10:08.240><c> doing</c><00:10:08.600><c> some</c>

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on execution environments and doing some
 

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on execution environments and doing some
early<00:10:09.259><c> prototypes</c><00:10:09.769><c> on</c><00:10:11.500><c> basically</c><00:10:12.500><c> the</c>

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early prototypes on basically the
 

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early prototypes on basically the
stateless<00:10:12.949><c> paradigm</c><00:10:13.399><c> so</c><00:10:13.870><c> we</c><00:10:14.870><c> are</c><00:10:15.529><c> already</c>

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stateless paradigm so we are already
 

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stateless paradigm so we are already
building<00:10:16.730><c> execution</c><00:10:17.420><c> environments</c><00:10:17.959><c> that</c><00:10:18.079><c> are</c>

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building execution environments that are
 

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building execution environments that are
operating<00:10:20.059><c> with</c><00:10:20.319><c> in</c><00:10:21.319><c> a</c><00:10:21.589><c> stateless</c><00:10:21.949><c> way</c><00:10:22.269><c> and</c><00:10:23.269><c> we</c>

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operating with in a stateless way and we
 

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operating with in a stateless way and we
built<00:10:23.660><c> a</c><00:10:23.870><c> simulation</c><00:10:25.480><c> within</c><00:10:26.480><c> lighthouses</c>

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built a simulation within lighthouses
 

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built a simulation within lighthouses
kind<00:10:27.740><c> of</c><00:10:27.829><c> based</c><00:10:28.339><c> code</c><00:10:28.610><c> base</c><00:10:28.819><c> where</c><00:10:29.120><c> we</c><00:10:29.449><c> now</c>

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kind of based code base where we now
 

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kind of based code base where we now
have<00:10:30.290><c> shard</c><00:10:31.130><c> chains</c><00:10:31.459><c> or</c><00:10:31.670><c> multiple</c><00:10:31.970><c> char</c><00:10:32.149><c> genes</c>

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have shard chains or multiple char genes
 

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have shard chains or multiple char genes
interacting<00:10:33.199><c> with</c><00:10:33.350><c> the</c><00:10:33.410><c> beacon</c><00:10:33.649><c> chain</c><00:10:34.269><c> and</c>

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interacting with the beacon chain and
 

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interacting with the beacon chain and
we're<00:10:35.420><c> able</c><00:10:35.509><c> to</c><00:10:35.689><c> actually</c><00:10:35.839><c> run</c><00:10:36.380><c> the</c><00:10:36.800><c> state</c>

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we're able to actually run the state
 

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we're able to actually run the state
execution<00:10:37.610><c> on</c><00:10:37.790><c> that</c><00:10:37.970><c> as</c><00:10:38.089><c> well</c><00:10:38.269><c> and</c><00:10:38.509><c> run</c><00:10:39.079><c> these</c>

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execution on that as well and run these
 

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execution on that as well and run these
execution<00:10:39.800><c> environments</c><00:10:40.279><c> on</c><00:10:40.399><c> it</c><00:10:40.550><c> as</c><00:10:40.639><c> well</c><00:10:40.790><c> and</c>

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execution environments on it as well and
 

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execution environments on it as well and
so<00:10:41.750><c> we</c><00:10:42.470><c> have</c><00:10:42.500><c> been</c><00:10:43.069><c> I</c><00:10:43.870><c> guess</c><00:10:44.870><c> kind</c><00:10:45.170><c> of</c><00:10:45.199><c> what</c>

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so we have been I guess kind of what
 

00:10:45.709 --> 00:10:47.889 align:start position:0%
so we have been I guess kind of what
we're<00:10:45.829><c> doing</c><00:10:45.949><c> next</c><00:10:46.250><c> is</c><00:10:46.750><c> expanding</c><00:10:47.750><c> that</c><00:10:47.839><c> to</c>

00:10:47.889 --> 00:10:47.899 align:start position:0%
we're doing next is expanding that to
 

00:10:47.899 --> 00:10:51.400 align:start position:0%
we're doing next is expanding that to
include<00:10:48.410><c> more</c><00:10:49.160><c> simulations</c><00:10:49.759><c> of</c><00:10:49.910><c> what</c><00:10:50.410><c> the</c>

00:10:51.400 --> 00:10:51.410 align:start position:0%
include more simulations of what the
 

00:10:51.410 --> 00:10:54.329 align:start position:0%
include more simulations of what the
state<00:10:52.069><c> market</c><00:10:52.430><c> might</c><00:10:52.579><c> look</c><00:10:52.759><c> like</c>

00:10:54.329 --> 00:10:54.339 align:start position:0%
state market might look like
 

00:10:54.339 --> 00:10:58.420 align:start position:0%
state market might look like
advancing<00:10:55.339><c> on</c><00:10:55.600><c> what</c><00:10:56.600><c> may</c><00:10:56.779><c> be</c><00:10:56.860><c> ease</c><00:10:57.860><c> for</c><00:10:58.189><c> some</c>

00:10:58.420 --> 00:10:58.430 align:start position:0%
advancing on what may be ease for some
 

00:10:58.430 --> 00:11:00.749 align:start position:0%
advancing on what may be ease for some
of<00:10:58.490><c> those</c><00:10:58.550><c> contract</c><00:10:59.029><c> frameworks</c><00:10:59.509><c> as</c><00:10:59.660><c> well</c>

00:11:00.749 --> 00:11:00.759 align:start position:0%
of those contract frameworks as well
 

00:11:00.759 --> 00:11:06.480 align:start position:0%
of those contract frameworks as well
yeah<00:11:03.639><c> you</c><00:11:04.639><c> guys</c><00:11:04.819><c> want</c><00:11:05.059><c> to</c><00:11:05.120><c> give</c><00:11:05.240><c> an</c><00:11:05.360><c> update</c>

00:11:06.480 --> 00:11:06.490 align:start position:0%
yeah you guys want to give an update
 

00:11:06.490 --> 00:11:10.860 align:start position:0%
yeah you guys want to give an update
yeah<00:11:07.490><c> we're</c><00:11:08.480><c> going</c><00:11:08.600><c> on</c><00:11:08.660><c> all</c><00:11:08.779><c> sorts</c><00:11:09.050><c> of</c><00:11:09.139><c> things</c>

00:11:10.860 --> 00:11:10.870 align:start position:0%
yeah we're going on all sorts of things
 

00:11:10.870 --> 00:11:13.420 align:start position:0%
yeah we're going on all sorts of things
adding<00:11:11.870><c> add</c><00:11:12.319><c> some</c><00:11:12.680><c> additional</c><00:11:12.829><c> tests</c><00:11:13.339><c> to</c>

00:11:13.420 --> 00:11:13.430 align:start position:0%
adding add some additional tests to
 

00:11:13.430 --> 00:11:16.059 align:start position:0%
adding add some additional tests to
phase<00:11:13.579><c> zero</c><00:11:14.410><c> justin</c><00:11:15.410><c> Drake</c><00:11:15.620><c> did</c><00:11:15.860><c> some</c>

00:11:16.059 --> 00:11:16.069 align:start position:0%
phase zero justin Drake did some
 

00:11:16.069 --> 00:11:18.490 align:start position:0%
phase zero justin Drake did some
excellent<00:11:16.459><c> work</c><00:11:16.790><c> making</c><00:11:17.420><c> phase</c><00:11:17.750><c> one</c><00:11:18.050><c> look</c>

00:11:18.490 --> 00:11:18.500 align:start position:0%
excellent work making phase one look
 

00:11:18.500 --> 00:11:20.860 align:start position:0%
excellent work making phase one look
really<00:11:18.769><c> nice</c><00:11:18.920><c> and</c><00:11:19.279><c> easy</c><00:11:19.939><c> to</c><00:11:20.209><c> reason</c><00:11:20.480><c> about</c><00:11:20.569><c> an</c>

00:11:20.860 --> 00:11:20.870 align:start position:0%
really nice and easy to reason about an
 

00:11:20.870 --> 00:11:25.090 align:start position:0%
really nice and easy to reason about an
elegant<00:11:22.509><c> a</c><00:11:23.509><c> lot</c><00:11:23.839><c> of</c><00:11:24.019><c> research</c><00:11:24.800><c> and</c><00:11:24.980><c> thought</c>

00:11:25.090 --> 00:11:25.100 align:start position:0%
elegant a lot of research and thought
 

00:11:25.100 --> 00:11:27.790 align:start position:0%
elegant a lot of research and thought
and<00:11:25.309><c> conversations</c><00:11:25.880><c> around</c><00:11:26.029><c> phase</c><00:11:26.300><c> two</c><00:11:26.800><c> and</c>

00:11:27.790 --> 00:11:27.800 align:start position:0%
and conversations around phase two and
 

00:11:27.800 --> 00:11:29.759 align:start position:0%
and conversations around phase two and
more<00:11:28.100><c> recently</c><00:11:28.490><c> some</c><00:11:28.639><c> conversations</c><00:11:29.240><c> around</c>

00:11:29.759 --> 00:11:29.769 align:start position:0%
more recently some conversations around
 

00:11:29.769 --> 00:11:32.169 align:start position:0%
more recently some conversations around
potential<00:11:30.769><c> alternate</c><00:11:31.339><c> structures</c><00:11:31.819><c> with</c>

00:11:32.169 --> 00:11:32.179 align:start position:0%
potential alternate structures with
 

00:11:32.179 --> 00:11:35.620 align:start position:0%
potential alternate structures with
phase<00:11:32.389><c> one</c><00:11:32.630><c> that</c><00:11:32.839><c> might</c><00:11:32.990><c> allow</c><00:11:34.269><c> more</c><00:11:35.269><c> rapid</c>

00:11:35.620 --> 00:11:35.630 align:start position:0%
phase one that might allow more rapid
 

00:11:35.630 --> 00:11:37.509 align:start position:0%
phase one that might allow more rapid
cross-linking<00:11:36.259><c> and</c><00:11:36.410><c> better</c><00:11:36.889><c> communication</c>

00:11:37.509 --> 00:11:37.519 align:start position:0%
cross-linking and better communication
 

00:11:37.519 --> 00:11:41.769 align:start position:0%
cross-linking and better communication
between<00:11:37.610><c> shards</c><00:11:39.009><c> at</c><00:11:40.009><c> the</c><00:11:40.160><c> same</c><00:11:40.429><c> time</c><00:11:40.790><c> working</c>

00:11:41.769 --> 00:11:41.779 align:start position:0%
between shards at the same time working
 

00:11:41.779 --> 00:11:43.660 align:start position:0%
between shards at the same time working
on<00:11:41.929><c> some</c><00:11:42.110><c> standards</c><00:11:42.529><c> helping</c><00:11:43.370><c> drive</c><00:11:43.550><c> the</c>

00:11:43.660 --> 00:11:43.670 align:start position:0%
on some standards helping drive the
 

00:11:43.670 --> 00:11:47.049 align:start position:0%
on some standards helping drive the
standards<00:11:44.029><c> process</c><00:11:44.059><c> on</c><00:11:44.540><c> BLS</c><00:11:45.880><c> Karl's</c><00:11:46.880><c> been</c>

00:11:47.049 --> 00:11:47.059 align:start position:0%
standards process on BLS Karl's been
 

00:11:47.059 --> 00:11:50.319 align:start position:0%
standards process on BLS Karl's been
looking<00:11:47.360><c> into</c><00:11:47.480><c> key</c><00:11:47.809><c> store</c><00:11:48.079><c> formats</c><00:11:49.329><c> pushing</c>

00:11:50.319 --> 00:11:50.329 align:start position:0%
looking into key store formats pushing
 

00:11:50.329 --> 00:11:53.220 align:start position:0%
looking into key store formats pushing
on<00:11:50.480><c> the</c><00:11:50.689><c> deposit</c><00:11:51.259><c> contract</c><00:11:51.500><c> stuff</c><00:11:52.160><c> which</c><00:11:52.699><c> is</c>

00:11:53.220 --> 00:11:53.230 align:start position:0%
on the deposit contract stuff which is
 

00:11:53.230 --> 00:11:55.840 align:start position:0%
on the deposit contract stuff which is
formally<00:11:54.230><c> verified</c><00:11:54.290><c> and</c><00:11:55.040><c> ready</c><00:11:55.279><c> but</c><00:11:55.699><c> we're</c>

00:11:55.840 --> 00:11:55.850 align:start position:0%
formally verified and ready but we're
 

00:11:55.850 --> 00:11:57.429 align:start position:0%
formally verified and ready but we're
waiting<00:11:56.029><c> on</c><00:11:56.300><c> the</c><00:11:56.509><c> be</c><00:11:56.630><c> lost</c><00:11:56.779><c> standardization</c>

00:11:57.429 --> 00:11:57.439 align:start position:0%
waiting on the be lost standardization
 

00:11:57.439 --> 00:12:01.689 align:start position:0%
waiting on the be lost standardization
to<00:11:57.740><c> launch</c><00:11:58.220><c> that</c><00:11:58.490><c> oh</c><00:11:59.449><c> and</c><00:12:00.579><c> opening</c><00:12:01.579><c> up</c><00:12:01.670><c> the</c>

00:12:01.689 --> 00:12:01.699 align:start position:0%
to launch that oh and opening up the
 

00:12:01.699 --> 00:12:03.819 align:start position:0%
to launch that oh and opening up the
conversations<00:12:02.269><c> around</c><00:12:02.449><c> the</c><00:12:02.779><c> coming</c><00:12:03.319><c> public</c>

00:12:03.819 --> 00:12:03.829 align:start position:0%
conversations around the coming public
 

00:12:03.829 --> 00:12:05.160 align:start position:0%
conversations around the coming public
test<00:12:04.040><c> nets</c><00:12:04.250><c> with</c>

00:12:05.160 --> 00:12:05.170 align:start position:0%
test nets with
 

00:12:05.170 --> 00:12:07.079 align:start position:0%
test nets with
with<00:12:05.319><c> the</c><00:12:05.439><c> clients</c><00:12:05.859><c> and</c><00:12:06.009><c> always</c><00:12:06.759><c> kind</c><00:12:06.970><c> of</c>

00:12:07.079 --> 00:12:07.089 align:start position:0%
with the clients and always kind of
 

00:12:07.089 --> 00:12:09.509 align:start position:0%
with the clients and always kind of
providing<00:12:07.600><c> support</c><00:12:07.989><c> and</c><00:12:08.519><c> answering</c>

00:12:09.509 --> 00:12:09.519 align:start position:0%
providing support and answering
 

00:12:09.519 --> 00:12:12.739 align:start position:0%
providing support and answering
questions<00:12:09.879><c> on</c><00:12:10.299><c> a</c><00:12:10.660><c> client</c><00:12:11.019><c> side</c><00:12:11.230><c> so</c><00:12:11.920><c> just</c>

00:12:12.739 --> 00:12:12.749 align:start position:0%
questions on a client side so just
 

00:12:12.749 --> 00:12:16.079 align:start position:0%
questions on a client side so just
keeping<00:12:13.749><c> everything</c><00:12:14.019><c> moving</c><00:12:14.170><c> forward</c><00:12:15.059><c> yep</c>

00:12:16.079 --> 00:12:16.089 align:start position:0%
keeping everything moving forward yep
 

00:12:16.089 --> 00:12:18.379 align:start position:0%
keeping everything moving forward yep
and<00:12:16.509><c> I've</c><00:12:16.660><c> been</c><00:12:16.899><c> coming</c><00:12:17.649><c> up</c><00:12:17.920><c> with</c><00:12:18.100><c> this</c>

00:12:18.379 --> 00:12:18.389 align:start position:0%
and I've been coming up with this
 

00:12:18.389 --> 00:12:20.939 align:start position:0%
and I've been coming up with this
alternate<00:12:19.389><c> structure</c><00:12:20.290><c> is</c><00:12:20.410><c> for</c><00:12:20.619><c> faster</c>

00:12:20.939 --> 00:12:20.949 align:start position:0%
alternate structure is for faster
 

00:12:20.949 --> 00:12:22.829 align:start position:0%
alternate structure is for faster
cross-linking<00:12:21.669><c> that</c><00:12:21.939><c> Danny</c><00:12:22.179><c> mentioned</c><00:12:22.720><c> that</c>

00:12:22.829 --> 00:12:22.839 align:start position:0%
cross-linking that Danny mentioned that
 

00:12:22.839 --> 00:12:26.039 align:start position:0%
cross-linking that Danny mentioned that
we<00:12:22.989><c> should</c><00:12:23.019><c> have</c><00:12:23.290><c> some</c><00:12:23.819><c> information</c><00:12:24.819><c> about</c><00:12:25.749><c> me</c>

00:12:26.039 --> 00:12:26.049 align:start position:0%
we should have some information about me
 

00:12:26.049 --> 00:12:30.809 align:start position:0%
we should have some information about me
maybe<00:12:26.589><c> very</c><00:12:26.829><c> soon</c><00:12:27.869><c> also</c><00:12:29.309><c> data</c><00:12:30.309><c> availability</c>

00:12:30.809 --> 00:12:30.819 align:start position:0%
maybe very soon also data availability
 

00:12:30.819 --> 00:12:34.019 align:start position:0%
maybe very soon also data availability
here<00:12:31.329><c> there's</c><00:12:31.899><c> a</c><00:12:32.309><c> data</c><00:12:33.309><c> field</c><00:12:33.519><c> there's</c><00:12:33.819><c> been</c><00:12:33.999><c> a</c>

00:12:34.019 --> 00:12:34.029 align:start position:0%
here there's a data field there's been a
 

00:12:34.029 --> 00:12:37.199 align:start position:0%
here there's a data field there's been a
lot<00:12:34.239><c> of</c><00:12:34.269><c> kind</c><00:12:34.869><c> of</c><00:12:35.249><c> progress</c><00:12:36.249><c> on</c><00:12:36.489><c> different</c>

00:12:37.199 --> 00:12:37.209 align:start position:0%
lot of kind of progress on different
 

00:12:37.209 --> 00:12:38.909 align:start position:0%
lot of kind of progress on different
kinds<00:12:37.600><c> of</c><00:12:37.689><c> data</c><00:12:37.929><c> availability</c><00:12:38.350><c> proving</c>

00:12:38.909 --> 00:12:38.919 align:start position:0%
kinds of data availability proving
 

00:12:38.919 --> 00:12:40.819 align:start position:0%
kinds of data availability proving
mechanisms<00:12:39.519><c> there</c><00:12:39.819><c> was</c><00:12:39.939><c> also</c><00:12:40.119><c> that</c>

00:12:40.819 --> 00:12:40.829 align:start position:0%
mechanisms there was also that
 

00:12:40.829 --> 00:12:43.499 align:start position:0%
mechanisms there was also that
interesting<00:12:41.829><c> coded</c><00:12:42.220><c> Merkle</c><00:12:42.549><c> tree</c><00:12:42.819><c> paper</c><00:12:43.059><c> from</c>

00:12:43.499 --> 00:12:43.509 align:start position:0%
interesting coded Merkle tree paper from
 

00:12:43.509 --> 00:12:46.919 align:start position:0%
interesting coded Merkle tree paper from
Agra<00:12:44.350><c> a</c><00:12:44.889><c> couple</c><00:12:45.579><c> of</c><00:12:45.699><c> days</c><00:12:45.850><c> ago</c><00:12:46.089><c> that</c><00:12:46.269><c> lets</c><00:12:46.749><c> you</c>

00:12:46.919 --> 00:12:46.929 align:start position:0%
Agra a couple of days ago that lets you
 

00:12:46.929 --> 00:12:50.009 align:start position:0%
Agra a couple of days ago that lets you
do<00:12:47.199><c> I</c><00:12:47.619><c> raise</c><00:12:48.309><c> your</c><00:12:48.519><c> coated</c><00:12:48.879><c> roots</c><00:12:49.119><c> with</c><00:12:49.480><c> much</c>

00:12:50.009 --> 00:12:50.019 align:start position:0%
do I raise your coated roots with much
 

00:12:50.019 --> 00:12:51.539 align:start position:0%
do I raise your coated roots with much
smaller<00:12:50.319><c> fraud</c><00:12:50.679><c> proofs</c><00:12:51.009><c> which</c><00:12:51.249><c> is</c><00:12:51.399><c> also</c>

00:12:51.539 --> 00:12:51.549 align:start position:0%
smaller fraud proofs which is also
 

00:12:51.549 --> 00:12:55.349 align:start position:0%
smaller fraud proofs which is also
really<00:12:52.029><c> which</c><00:12:52.540><c> was</c><00:12:52.689><c> also</c><00:12:52.839><c> really</c><00:12:53.169><c> nice</c><00:12:54.359><c> also</c>

00:12:55.349 --> 00:12:55.359 align:start position:0%
really which was also really nice also
 

00:12:55.359 --> 00:12:58.619 align:start position:0%
really which was also really nice also
we're<00:12:55.929><c> thinking</c><00:12:56.799><c> about</c><00:12:57.009><c> half</c><00:12:57.489><c> fee</c><00:12:58.119><c> mark</c><00:12:58.389><c> it's</c>

00:12:58.619 --> 00:12:58.629 align:start position:0%
we're thinking about half fee mark it's
 

00:12:58.629 --> 00:13:01.439 align:start position:0%
we're thinking about half fee mark it's
simple<00:12:59.019><c> a</c><00:12:59.399><c> simplification</c><00:13:00.399><c> and</c><00:13:00.999><c> coming</c><00:13:01.269><c> and</c>

00:13:01.439 --> 00:13:01.449 align:start position:0%
simple a simplification and coming and
 

00:13:01.449 --> 00:13:05.759 align:start position:0%
simple a simplification and coming and
coming<00:13:01.779><c> up</c><00:13:02.439><c> with</c><00:13:02.649><c> ways</c><00:13:03.339><c> to</c><00:13:03.449><c> and</c><00:13:04.709><c> deal</c><00:13:05.709><c> with</c>

00:13:05.759 --> 00:13:05.769 align:start position:0%
coming up with ways to and deal with
 

00:13:05.769 --> 00:13:07.739 align:start position:0%
coming up with ways to and deal with
edge<00:13:06.100><c> cases</c><00:13:06.369><c> and</c><00:13:06.699><c> really</c><00:13:06.819><c> real</c><00:13:07.209><c> your</c><00:13:07.389><c> markets</c>

00:13:07.739 --> 00:13:07.749 align:start position:0%
edge cases and really real your markets
 

00:13:07.749 --> 00:13:13.829 align:start position:0%
edge cases and really real your markets
and<00:13:07.899><c> all</c><00:13:07.959><c> of</c><00:13:08.049><c> those</c><00:13:08.169><c> issues</c><00:13:08.589><c> I</c><00:13:11.519><c> guess</c><00:13:12.839><c> I've</c>

00:13:13.829 --> 00:13:13.839 align:start position:0%
and all of those issues I guess I've
 

00:13:13.839 --> 00:13:17.780 align:start position:0%
and all of those issues I guess I've
been<00:13:13.959><c> thinking</c><00:13:14.439><c> about</c><00:13:15.269><c> optional</c><00:13:16.269><c> upgrades</c>

00:13:17.780 --> 00:13:17.790 align:start position:0%
been thinking about optional upgrades
 

00:13:17.790 --> 00:13:22.280 align:start position:0%
been thinking about optional upgrades
one<00:13:18.790><c> of</c><00:13:18.939><c> them</c><00:13:19.119><c> is</c><00:13:20.129><c> the</c><00:13:21.129><c> idea</c><00:13:21.369><c> of</c><00:13:21.489><c> a</c><00:13:21.610><c> secret</c>

00:13:22.280 --> 00:13:22.290 align:start position:0%
one of them is the idea of a secret
 

00:13:22.290 --> 00:13:24.809 align:start position:0%
one of them is the idea of a secret
leader<00:13:23.290><c> election</c><00:13:23.619><c> so</c><00:13:24.069><c> right</c><00:13:24.309><c> now</c>

00:13:24.809 --> 00:13:24.819 align:start position:0%
leader election so right now
 

00:13:24.819 --> 00:13:27.030 align:start position:0%
leader election so right now
beacon<00:13:25.480><c> proposes</c><00:13:26.049><c> and</c><00:13:26.290><c> Shah</c><00:13:26.470><c> proposes</c>

00:13:27.030 --> 00:13:27.040 align:start position:0%
beacon proposes and Shah proposes
 

00:13:27.040 --> 00:13:28.679 align:start position:0%
beacon proposes and Shah proposes
they're<00:13:27.519><c> known</c><00:13:27.699><c> in</c><00:13:27.730><c> advance</c><00:13:27.970><c> that</c><00:13:28.540><c> they're</c>

00:13:28.679 --> 00:13:28.689 align:start position:0%
they're known in advance that they're
 

00:13:28.689 --> 00:13:31.949 align:start position:0%
they're known in advance that they're
going<00:13:28.929><c> to</c><00:13:29.579><c> create</c><00:13:30.579><c> a</c><00:13:30.669><c> block</c><00:13:30.970><c> and</c><00:13:31.179><c> then</c><00:13:31.509><c> these</c>

00:13:31.949 --> 00:13:31.959 align:start position:0%
going to create a block and then these
 

00:13:31.959 --> 00:13:34.710 align:start position:0%
going to create a block and then these
these<00:13:32.019><c> leader</c><00:13:32.649><c> based</c><00:13:33.549><c> systems</c><00:13:34.059><c> suffer</c><00:13:34.569><c> from</c>

00:13:34.710 --> 00:13:34.720 align:start position:0%
these leader based systems suffer from
 

00:13:34.720 --> 00:13:39.150 align:start position:0%
these leader based systems suffer from
denial<00:13:35.529><c> of</c><00:13:35.619><c> service</c><00:13:35.980><c> attack</c><00:13:36.879><c> surface</c><00:13:37.529><c> and</c><00:13:38.529><c> so</c>

00:13:39.150 --> 00:13:39.160 align:start position:0%
denial of service attack surface and so
 

00:13:39.160 --> 00:13:41.879 align:start position:0%
denial of service attack surface and so
what<00:13:39.879><c> if</c><00:13:39.999><c> we</c><00:13:40.149><c> can</c><00:13:40.419><c> have</c><00:13:41.079><c> a</c><00:13:41.110><c> system</c><00:13:41.410><c> where</c><00:13:41.829><c> you</c>

00:13:41.879 --> 00:13:41.889 align:start position:0%
what if we can have a system where you
 

00:13:41.889 --> 00:13:44.159 align:start position:0%
what if we can have a system where you
don't<00:13:42.339><c> know</c><00:13:42.549><c> ahead</c><00:13:43.179><c> of</c><00:13:43.209><c> time</c><00:13:43.509><c> who</c><00:13:43.899><c> will</c><00:13:44.019><c> be</c>

00:13:44.159 --> 00:13:44.169 align:start position:0%
don't know ahead of time who will be
 

00:13:44.169 --> 00:13:45.569 align:start position:0%
don't know ahead of time who will be
creating<00:13:44.589><c> the</c><00:13:44.649><c> next</c><00:13:44.799><c> block</c><00:13:45.069><c> that</c><00:13:45.339><c> would</c><00:13:45.459><c> be</c>

00:13:45.569 --> 00:13:45.579 align:start position:0%
creating the next block that would be
 

00:13:45.579 --> 00:13:49.049 align:start position:0%
creating the next block that would be
much<00:13:45.759><c> more</c><00:13:45.910><c> resilient</c><00:13:47.699><c> another</c><00:13:48.699><c> kind</c><00:13:48.999><c> of</c>

00:13:49.049 --> 00:13:49.059 align:start position:0%
much more resilient another kind of
 

00:13:49.059 --> 00:13:50.460 align:start position:0%
much more resilient another kind of
optional<00:13:49.449><c> security</c><00:13:49.660><c> upgrade</c><00:13:50.139><c> that</c><00:13:50.289><c> I've</c><00:13:50.379><c> been</c>

00:13:50.460 --> 00:13:50.470 align:start position:0%
optional security upgrade that I've been
 

00:13:50.470 --> 00:13:52.529 align:start position:0%
optional security upgrade that I've been
working<00:13:50.799><c> on</c><00:13:50.980><c> for</c><00:13:51.039><c> some</c><00:13:51.399><c> time</c><00:13:51.429><c> and</c><00:13:51.939><c> it's</c><00:13:52.089><c> still</c>

00:13:52.529 --> 00:13:52.539 align:start position:0%
working on for some time and it's still
 

00:13:52.539 --> 00:13:53.699 align:start position:0%
working on for some time and it's still
ongoing<00:13:52.689><c> and</c><00:13:53.139><c> we</c><00:13:53.199><c> making</c><00:13:53.410><c> lots</c><00:13:53.559><c> of</c><00:13:53.649><c> progress</c>

00:13:53.699 --> 00:13:53.709 align:start position:0%
ongoing and we making lots of progress
 

00:13:53.709 --> 00:13:56.220 align:start position:0%
ongoing and we making lots of progress
is<00:13:54.220><c> the</c><00:13:54.429><c> the</c><00:13:54.639><c> vdf</c><00:13:55.059><c> project</c><00:13:55.539><c> to</c><00:13:55.869><c> have</c><00:13:56.049><c> an</c>

00:13:56.220 --> 00:13:56.230 align:start position:0%
is the the vdf project to have an
 

00:13:56.230 --> 00:13:58.979 align:start position:0%
is the the vdf project to have an
unbiased<00:13:56.529><c> ball</c><00:13:56.829><c> randomness</c><00:13:57.660><c> and</c><00:13:58.660><c> I</c><00:13:58.809><c> guess</c>

00:13:58.979 --> 00:13:58.989 align:start position:0%
unbiased ball randomness and I guess
 

00:13:58.989 --> 00:14:01.379 align:start position:0%
unbiased ball randomness and I guess
I've<00:13:59.139><c> also</c><00:13:59.289><c> been</c><00:13:59.559><c> thinking</c><00:13:59.799><c> you</c><00:14:00.459><c> know</c><00:14:00.489><c> maybe</c><00:14:01.239><c> a</c>

00:14:01.379 --> 00:14:01.389 align:start position:0%
I've also been thinking you know maybe a
 

00:14:01.389 --> 00:14:04.679 align:start position:0%
I've also been thinking you know maybe a
decade<00:14:01.809><c> into</c><00:14:01.959><c> the</c><00:14:02.139><c> future</c><00:14:02.499><c> on</c><00:14:02.709><c> on</c><00:14:03.459><c> e3</c><00:14:03.939><c> and</c><00:14:04.539><c> how</c>

00:14:04.679 --> 00:14:04.689 align:start position:0%
decade into the future on on e3 and how
 

00:14:04.689 --> 00:14:11.100 align:start position:0%
decade into the future on on e3 and how
to<00:14:04.749><c> make</c><00:14:05.109><c> a</c><00:14:05.819><c> quantum</c><00:14:06.819><c> secure</c>

00:14:11.100 --> 00:14:11.110 align:start position:0%
 
 

00:14:11.110 --> 00:14:14.530 align:start position:0%
 
at<00:14:12.110><c> least</c><00:14:12.380><c> ten</c><00:14:12.620><c> years</c><00:14:12.649><c> I'd</c><00:14:12.980><c> say</c><00:14:13.190><c> damn</c><00:14:13.910><c> bonus</c><00:14:14.300><c> is</c>

00:14:14.530 --> 00:14:14.540 align:start position:0%
at least ten years I'd say damn bonus is
 

00:14:14.540 --> 00:14:30.930 align:start position:0%
at least ten years I'd say damn bonus is
30<00:14:23.080><c> Dan</c><00:14:24.080><c> also</c><00:14:24.260><c> said</c><00:14:24.529><c> don't</c><00:14:24.740><c> quote</c><00:14:24.920><c> me</c><00:14:25.100><c> on</c><00:14:25.130><c> that</c>

00:14:30.930 --> 00:14:30.940 align:start position:0%
 
 

00:14:30.940 --> 00:14:33.610 align:start position:0%
 
all<00:14:31.940><c> right</c><00:14:32.209><c> I'm</c><00:14:32.540><c> gonna</c><00:14:32.720><c> open</c><00:14:32.899><c> up</c><00:14:33.200><c> now</c><00:14:33.560><c> to</c>

00:14:33.610 --> 00:14:33.620 align:start position:0%
all right I'm gonna open up now to
 

00:14:33.620 --> 00:14:36.940 align:start position:0%
all right I'm gonna open up now to
questions<00:14:34.579><c> from</c><00:14:34.760><c> the</c><00:14:34.850><c> audience</c><00:14:35.000><c> I</c><00:14:35.769><c> wanna</c><00:14:36.769><c> go</c>

00:14:36.940 --> 00:14:36.950 align:start position:0%
questions from the audience I wanna go
 

00:14:36.950 --> 00:14:41.790 align:start position:0%
questions from the audience I wanna go
first

00:14:41.790 --> 00:14:41.800 align:start position:0%
 
 

00:14:41.800 --> 00:14:43.900 align:start position:0%
 
you<00:14:42.800><c> mean</c><00:14:42.920><c> teaching</c><00:14:43.190><c> a</c><00:14:43.339><c> lot</c><00:14:43.610><c> of</c><00:14:43.700><c> work</c><00:14:43.790><c> on</c>

00:14:43.900 --> 00:14:43.910 align:start position:0%
you mean teaching a lot of work on
 

00:14:43.910 --> 00:14:46.090 align:start position:0%
you mean teaching a lot of work on
themarket<00:14:44.240><c> one</c><00:14:45.140><c> thing</c><00:14:45.320><c> that</c><00:14:45.500><c> I</c><00:14:45.560><c> would</c><00:14:45.709><c> love</c><00:14:45.920><c> to</c>

00:14:46.090 --> 00:14:46.100 align:start position:0%
themarket one thing that I would love to
 

00:14:46.100 --> 00:14:48.340 align:start position:0%
themarket one thing that I would love to
see<00:14:46.370><c> is</c><00:14:46.790><c> a</c><00:14:47.000><c> bit</c><00:14:47.300><c> of</c><00:14:47.390><c> a</c><00:14:47.510><c> high</c><00:14:47.660><c> level</c><00:14:47.930><c> abstraction</c>

00:14:48.340 --> 00:14:48.350 align:start position:0%
see is a bit of a high level abstraction
 

00:14:48.350 --> 00:14:52.150 align:start position:0%
see is a bit of a high level abstraction
so<00:14:48.980><c> that</c><00:14:49.160><c> you</c><00:14:49.339><c> can</c><00:14:49.550><c> specify</c><00:14:50.149><c> how</c><00:14:50.890><c> fast</c><00:14:51.890><c> you</c>

00:14:52.150 --> 00:14:52.160 align:start position:0%
so that you can specify how fast you
 

00:14:52.160 --> 00:14:54.400 align:start position:0%
so that you can specify how fast you
want<00:14:52.370><c> a</c><00:14:52.579><c> transaction</c><00:14:53.209><c> to</c><00:14:53.240><c> happen</c><00:14:53.660><c> like</c><00:14:54.200><c> I</c>

00:14:54.400 --> 00:14:54.410 align:start position:0%
want a transaction to happen like I
 

00:14:54.410 --> 00:14:56.199 align:start position:0%
want a transaction to happen like I
wanted<00:14:54.709><c> to</c><00:14:54.829><c> happen</c><00:14:54.980><c> in</c><00:14:55.220><c> a</c><00:14:55.310><c> minute</c><00:14:55.430><c> or</c><00:14:55.850><c> five</c>

00:14:56.199 --> 00:14:56.209 align:start position:0%
wanted to happen in a minute or five
 

00:14:56.209 --> 00:14:58.030 align:start position:0%
wanted to happen in a minute or five
minutes<00:14:56.480><c> or</c><00:14:56.630><c> an</c><00:14:56.750><c> hour</c><00:14:56.839><c> or</c><00:14:57.170><c> I</c><00:14:57.230><c> don't</c><00:14:57.350><c> care</c><00:14:57.769><c> and</c>

00:14:58.030 --> 00:14:58.040 align:start position:0%
minutes or an hour or I don't care and
 

00:14:58.040 --> 00:15:01.090 align:start position:0%
minutes or an hour or I don't care and
then<00:14:58.490><c> and</c><00:14:58.730><c> then</c><00:14:59.149><c> it</c><00:14:59.269><c> builds</c><00:14:59.450><c> you</c><00:14:59.750><c> like</c><00:15:00.680><c> however</c>

00:15:01.090 --> 00:15:01.100 align:start position:0%
then and then it builds you like however
 

00:15:01.100 --> 00:15:02.920 align:start position:0%
then and then it builds you like however
much<00:15:01.279><c> it</c><00:15:01.610><c> should</c><00:15:01.970><c> the</c><00:15:02.240><c> market</c><00:15:02.540><c> rate</c><00:15:02.660><c> would</c><00:15:02.779><c> be</c>

00:15:02.920 --> 00:15:02.930 align:start position:0%
much it should the market rate would be
 

00:15:02.930 --> 00:15:08.230 align:start position:0%
much it should the market rate would be
for<00:15:03.560><c> that</c><00:15:05.950><c> right</c><00:15:06.950><c> you</c><00:15:07.100><c> could</c><00:15:07.250><c> pay</c><00:15:07.760><c> more</c><00:15:07.970><c> and</c>

00:15:08.230 --> 00:15:08.240 align:start position:0%
for that right you could pay more and
 

00:15:08.240 --> 00:15:09.160 align:start position:0%
for that right you could pay more and
then<00:15:08.329><c> it</c><00:15:08.420><c> would</c><00:15:08.510><c> refund</c><00:15:08.810><c> you</c><00:15:09.019><c> the</c><00:15:09.079><c> difference</c>

00:15:09.160 --> 00:15:09.170 align:start position:0%
then it would refund you the difference
 

00:15:09.170 --> 00:15:11.259 align:start position:0%
then it would refund you the difference
because<00:15:09.800><c> right</c><00:15:09.950><c> now</c><00:15:10.070><c> it's</c><00:15:10.190><c> guesswork</c><00:15:10.490><c> like</c>

00:15:11.259 --> 00:15:11.269 align:start position:0%
because right now it's guesswork like
 

00:15:11.269 --> 00:15:13.660 align:start position:0%
because right now it's guesswork like
trying<00:15:12.050><c> it</c><00:15:12.140><c> trying</c><00:15:12.470><c> to</c><00:15:12.529><c> you</c><00:15:12.980><c> know</c><00:15:13.040><c> guess</c><00:15:13.519><c> the</c>

00:15:13.660 --> 00:15:13.670 align:start position:0%
trying it trying to you know guess the
 

00:15:13.670 --> 00:15:16.410 align:start position:0%
trying it trying to you know guess the
right<00:15:13.790><c> amount</c><00:15:14.089><c> of</c><00:15:14.149><c> gas</c><00:15:14.560><c> although</c><00:15:15.560><c> the</c><00:15:15.709><c> gas</c>

00:15:16.410 --> 00:15:16.420 align:start position:0%
right amount of gas although the gas
 

00:15:16.420 --> 00:15:19.090 align:start position:0%
right amount of gas although the gas
this<00:15:17.420><c> is</c><00:15:17.600><c> the</c><00:15:17.750><c> sort</c><00:15:17.990><c> of</c><00:15:18.079><c> problem</c><00:15:18.470><c> that</c><00:15:18.500><c> EAP</c><00:15:19.070><c> a</c>

00:15:19.090 --> 00:15:19.100 align:start position:0%
this is the sort of problem that EAP a
 

00:15:19.100 --> 00:15:21.100 align:start position:0%
this is the sort of problem that EAP a
one<00:15:19.399><c> five</c><00:15:19.610><c> five</c><00:15:19.850><c> nine</c><00:15:19.880><c> is</c><00:15:20.360><c> meant</c><00:15:20.600><c> to</c><00:15:20.750><c> basically</c>

00:15:21.100 --> 00:15:21.110 align:start position:0%
one five five nine is meant to basically
 

00:15:21.110 --> 00:15:24.130 align:start position:0%
one five five nine is meant to basically
eliminate<00:15:21.520><c> like</c><00:15:22.520><c> users</c><00:15:23.420><c> would</c><00:15:23.779><c> in</c><00:15:23.990><c> the</c><00:15:24.110><c> normal</c>

00:15:24.130 --> 00:15:24.140 align:start position:0%
eliminate like users would in the normal
 

00:15:24.140 --> 00:15:26.380 align:start position:0%
eliminate like users would in the normal
case<00:15:24.620><c> either</c><00:15:24.890><c> transactions</c><00:15:25.640><c> just</c><00:15:25.880><c> included</c>

00:15:26.380 --> 00:15:26.390 align:start position:0%
case either transactions just included
 

00:15:26.390 --> 00:15:40.870 align:start position:0%
case either transactions just included
immediately<00:15:31.450><c> anyone</c><00:15:32.450><c> else</c><00:15:32.920><c> questions</c><00:15:33.920><c> Oh</c>

00:15:40.870 --> 00:15:40.880 align:start position:0%
 
 

00:15:40.880 --> 00:15:43.370 align:start position:0%
 
okay<00:15:41.880><c> we</c><00:15:42.090><c> have</c><00:15:42.240><c> cable</c><00:15:42.630><c> so</c><00:15:42.779><c> can</c><00:15:42.960><c> you</c><00:15:43.050><c> come</c><00:15:43.230><c> over</c>

00:15:43.370 --> 00:15:43.380 align:start position:0%
okay we have cable so can you come over
 

00:15:43.380 --> 00:15:50.740 align:start position:0%
okay we have cable so can you come over
please<00:15:48.020><c> -</c><00:15:49.020><c> she</c><00:15:49.350><c> actually</c><00:15:49.620><c> have</c><00:15:49.920><c> questions</c><00:15:50.490><c> so</c>

00:15:50.740 --> 00:15:50.750 align:start position:0%
please - she actually have questions so
 

00:15:50.750 --> 00:15:53.570 align:start position:0%
please - she actually have questions so
the<00:15:51.750><c> number</c><00:15:51.990><c> of</c><00:15:52.020><c> straws</c><00:15:52.320><c> i</c><00:15:52.529><c> do</c><00:15:52.920><c> -</c><00:15:53.040><c> times</c><00:15:53.370><c> we</c>

00:15:53.570 --> 00:15:53.580 align:start position:0%
the number of straws i do - times we
 

00:15:53.580 --> 00:15:56.870 align:start position:0%
the number of straws i do - times we
start<00:15:53.790><c> with</c><00:15:54.000><c> 1024</c><00:15:54.980><c> so</c><00:15:55.980><c> i'm</c><00:15:56.160><c> wondering</c><00:15:56.490><c> what</c>

00:15:56.870 --> 00:15:56.880 align:start position:0%
start with 1024 so i'm wondering what
 

00:15:56.880 --> 00:15:59.000 align:start position:0%
start with 1024 so i'm wondering what
why<00:15:57.210><c> -</c><00:15:57.240><c> stitch</c><00:15:57.660><c> number</c><00:15:57.900><c> especially</c><00:15:58.860><c> together</c>

00:15:59.000 --> 00:15:59.010 align:start position:0%
why - stitch number especially together
 

00:15:59.010 --> 00:16:01.040 align:start position:0%
why - stitch number especially together
with<00:15:59.370><c> a</c><00:15:59.430><c> large</c><00:15:59.610><c> number</c><00:15:59.790><c> of</c><00:15:59.910><c> agitators</c><00:16:00.450><c> there</c>

00:16:01.040 --> 00:16:01.050 align:start position:0%
with a large number of agitators there
 

00:16:01.050 --> 00:16:02.329 align:start position:0%
with a large number of agitators there
will<00:16:01.140><c> be</c><00:16:01.170><c> significant</c><00:16:01.650><c> costs</c><00:16:01.980><c> on</c><00:16:02.130><c> camera</c>

00:16:02.329 --> 00:16:02.339 align:start position:0%
will be significant costs on camera
 

00:16:02.339 --> 00:16:05.300 align:start position:0%
will be significant costs on camera
cause<00:16:02.580><c> especially</c><00:16:02.970><c> as</c><00:16:03.450><c> starting</c><00:16:04.170><c> of</c><00:16:05.100><c> the</c>

00:16:05.300 --> 00:16:05.310 align:start position:0%
cause especially as starting of the
 

00:16:05.310 --> 00:16:07.700 align:start position:0%
cause especially as starting of the
easter<00:16:05.520><c> -</c><00:16:05.730><c> is</c><00:16:06.150><c> that</c><00:16:06.450><c> concern</c><00:16:06.960><c> that</c><00:16:07.230><c> maybe</c><00:16:07.410><c> we</c>

00:16:07.700 --> 00:16:07.710 align:start position:0%
easter - is that concern that maybe we
 

00:16:07.710 --> 00:16:09.980 align:start position:0%
easter - is that concern that maybe we
may<00:16:07.920><c> not</c><00:16:08.040><c> be</c><00:16:08.100><c> able</c><00:16:08.279><c> to</c><00:16:08.670><c> reach</c><00:16:08.850><c> so</c><00:16:09.420><c> many</c><00:16:09.450><c> nodes</c>

00:16:09.980 --> 00:16:09.990 align:start position:0%
may not be able to reach so many nodes
 

00:16:09.990 --> 00:16:15.920 align:start position:0%
may not be able to reach so many nodes
or<00:16:10.320><c> validators</c><00:16:10.800><c> at</c><00:16:11.339><c> the</c><00:16:11.460><c> beginning</c><00:16:14.450><c> and</c><00:16:15.450><c> so</c>

00:16:15.920 --> 00:16:15.930 align:start position:0%
or validators at the beginning and so
 

00:16:15.930 --> 00:16:19.550 align:start position:0%
or validators at the beginning and so
this<00:16:16.770><c> is</c><00:16:16.950><c> one</c><00:16:17.339><c> of</c><00:16:17.520><c> the</c><00:16:17.750><c> one</c><00:16:18.750><c> one</c><00:16:19.050><c> of</c><00:16:19.200><c> the</c><00:16:19.320><c> things</c>

00:16:19.550 --> 00:16:19.560 align:start position:0%
this is one of the one one of the things
 

00:16:19.560 --> 00:16:21.620 align:start position:0%
this is one of the one one of the things
that<00:16:19.920><c> this</c><00:16:20.130><c> kind</c><00:16:20.550><c> of</c><00:16:20.640><c> faster</c><00:16:21.060><c> cross-linking</c>

00:16:21.620 --> 00:16:21.630 align:start position:0%
that this kind of faster cross-linking
 

00:16:21.630 --> 00:16:23.180 align:start position:0%
that this kind of faster cross-linking
proposal<00:16:22.110><c> might</c><00:16:22.260><c> actually</c><00:16:22.470><c> end</c><00:16:22.680><c> up</c><00:16:22.950><c> changing</c>

00:16:23.180 --> 00:16:23.190 align:start position:0%
proposal might actually end up changing
 

00:16:23.190 --> 00:16:26.560 align:start position:0%
proposal might actually end up changing
potentially<00:16:24.029><c> but</c><00:16:24.779><c> I</c><00:16:25.020><c> think</c><00:16:25.290><c> in</c><00:16:25.800><c> general</c><00:16:25.860><c> the</c>

00:16:26.560 --> 00:16:26.570 align:start position:0%
potentially but I think in general the
 

00:16:26.570 --> 00:16:28.760 align:start position:0%
potentially but I think in general the
justification<00:16:27.570><c> here</c><00:16:27.960><c> is</c><00:16:28.140><c> that</c><00:16:28.380><c> we're</c><00:16:28.589><c> trying</c>

00:16:28.760 --> 00:16:28.770 align:start position:0%
justification here is that we're trying
 

00:16:28.770 --> 00:16:30.970 align:start position:0%
justification here is that we're trying
to<00:16:29.040><c> kind</c><00:16:29.190><c> of</c><00:16:29.370><c> but</c><00:16:30.180><c> there's</c><00:16:30.660><c> two</c><00:16:30.930><c> different</c>

00:16:30.970 --> 00:16:30.980 align:start position:0%
to kind of but there's two different
 

00:16:30.980 --> 00:16:33.829 align:start position:0%
to kind of but there's two different
kind<00:16:31.980><c> of</c><00:16:32.100><c> constraints</c><00:16:32.640><c> that</c><00:16:32.670><c> we</c><00:16:32.880><c> have</c><00:16:33.089><c> one</c><00:16:33.810><c> of</c>

00:16:33.829 --> 00:16:33.839 align:start position:0%
kind of constraints that we have one of
 

00:16:33.839 --> 00:16:35.600 align:start position:0%
kind of constraints that we have one of
the<00:16:33.990><c> constraints</c><00:16:34.830><c> is</c><00:16:34.980><c> the</c><00:16:35.130><c> load</c><00:16:35.370><c> on</c><00:16:35.580><c> the</c>

00:16:35.600 --> 00:16:35.610 align:start position:0%
the constraints is the load on the
 

00:16:35.610 --> 00:16:39.320 align:start position:0%
the constraints is the load on the
beacon<00:16:35.940><c> chain</c><00:16:36.180><c> so</c><00:16:37.050><c> we</c><00:16:37.260><c> want</c><00:16:37.520><c> like</c><00:16:38.520><c> the</c><00:16:39.089><c> higher</c>

00:16:39.320 --> 00:16:39.330 align:start position:0%
beacon chain so we want like the higher
 

00:16:39.330 --> 00:16:41.480 align:start position:0%
beacon chain so we want like the higher
the<00:16:39.630><c> shard</c><00:16:40.080><c> count</c><00:16:40.350><c> the</c><00:16:40.470><c> more</c><00:16:40.620><c> scalability</c><00:16:41.310><c> but</c>

00:16:41.480 --> 00:16:41.490 align:start position:0%
the shard count the more scalability but
 

00:16:41.490 --> 00:16:42.710 align:start position:0%
the shard count the more scalability but
on<00:16:41.610><c> the</c><00:16:41.730><c> other</c><00:16:41.820><c> hand</c><00:16:41.910><c> higher</c><00:16:42.360><c> the</c><00:16:42.540><c> showery</c>

00:16:42.710 --> 00:16:42.720 align:start position:0%
on the other hand higher the showery
 

00:16:42.720 --> 00:16:44.000 align:start position:0%
on the other hand higher the showery
take<00:16:42.900><c> out</c><00:16:42.960><c> the</c><00:16:43.050><c> more</c><00:16:43.200><c> cross</c><00:16:43.470><c> links</c><00:16:43.770><c> on</c><00:16:43.890><c> the</c>

00:16:44.000 --> 00:16:44.010 align:start position:0%
take out the more cross links on the
 

00:16:44.010 --> 00:16:46.910 align:start position:0%
take out the more cross links on the
beacon<00:16:44.250><c> chain</c><00:16:44.550><c> and</c><00:16:45.020><c> the</c><00:16:46.020><c> more</c><00:16:46.200><c> expensive</c><00:16:46.589><c> the</c>

00:16:46.910 --> 00:16:46.920 align:start position:0%
beacon chain and the more expensive the
 

00:16:46.920 --> 00:16:49.160 align:start position:0%
beacon chain and the more expensive the
beacon<00:16:47.190><c> chain</c><00:16:47.370><c> will</c><00:16:47.580><c> be</c><00:16:47.610><c> the</c><00:16:47.790><c> process</c><00:16:48.240><c> in</c><00:16:48.900><c> the</c>

00:16:49.160 --> 00:16:49.170 align:start position:0%
beacon chain will be the process in the
 

00:16:49.170 --> 00:16:51.530 align:start position:0%
beacon chain will be the process in the
other<00:16:49.370><c> constraints</c><00:16:50.370><c> that</c><00:16:50.400><c> we</c><00:16:50.670><c> have</c><00:16:50.910><c> is</c><00:16:51.210><c> just</c>

00:16:51.530 --> 00:16:51.540 align:start position:0%
other constraints that we have is just
 

00:16:51.540 --> 00:16:53.690 align:start position:0%
other constraints that we have is just
like<00:16:51.750><c> the</c><00:16:52.230><c> higher</c><00:16:52.500><c> the</c><00:16:52.830><c> total</c><00:16:53.190><c> throughput</c><00:16:53.490><c> of</c>

00:16:53.690 --> 00:16:53.700 align:start position:0%
like the higher the total throughput of
 

00:16:53.700 --> 00:16:55.550 align:start position:0%
like the higher the total throughput of
the<00:16:53.910><c> system</c><00:16:53.940><c> the</c><00:16:54.510><c> higher</c><00:16:54.750><c> the</c><00:16:55.080><c> harder</c><00:16:55.410><c> it</c><00:16:55.530><c> is</c>

00:16:55.550 --> 00:16:55.560 align:start position:0%
the system the higher the harder it is
 

00:16:55.560 --> 00:16:58.340 align:start position:0%
the system the higher the harder it is
to<00:16:55.680><c> be</c><00:16:56.070><c> like</c><00:16:56.310><c> to</c><00:16:56.790><c> be</c><00:16:56.910><c> a</c><00:16:56.940><c> block</c><00:16:57.210><c> Explorer</c><00:16:57.720><c> the</c>

00:16:58.340 --> 00:16:58.350 align:start position:0%
to be like to be a block Explorer the
 

00:16:58.350 --> 00:17:00.170 align:start position:0%
to be like to be a block Explorer the
higher<00:16:58.560><c> the</c><00:16:58.860><c> risk</c><00:16:59.040><c> that</c><00:16:59.220><c> some</c><00:16:59.610><c> historical</c>

00:17:00.170 --> 00:17:00.180 align:start position:0%
higher the risk that some historical
 

00:17:00.180 --> 00:17:01.880 align:start position:0%
higher the risk that some historical
data<00:17:00.240><c> will</c><00:17:00.630><c> eventually</c><00:17:01.140><c> just</c><00:17:01.380><c> end</c><00:17:01.589><c> up</c><00:17:01.680><c> being</c>

00:17:01.880 --> 00:17:01.890 align:start position:0%
data will eventually just end up being
 

00:17:01.890 --> 00:17:03.560 align:start position:0%
data will eventually just end up being
forgotten<00:17:02.190><c> completely</c><00:17:02.490><c> and</c><00:17:03.030><c> so</c><00:17:03.180><c> forth</c>

00:17:03.560 --> 00:17:03.570 align:start position:0%
forgotten completely and so forth
 

00:17:03.570 --> 00:17:07.550 align:start position:0%
forgotten completely and so forth
so<00:17:04.640><c> the</c><00:17:05.640><c> scalability</c><00:17:06.420><c> that</c><00:17:06.689><c> we</c><00:17:06.810><c> that</c><00:17:07.380><c> were</c>

00:17:07.550 --> 00:17:07.560 align:start position:0%
so the scalability that we that were
 

00:17:07.560 --> 00:17:09.500 align:start position:0%
so the scalability that we that were
expecting<00:17:08.280><c> like</c><00:17:08.579><c> the</c><00:17:08.819><c> data</c><00:17:09.000><c> throughput</c><00:17:09.270><c> that</c>

00:17:09.500 --> 00:17:09.510 align:start position:0%
expecting like the data throughput that
 

00:17:09.510 --> 00:17:12.079 align:start position:0%
expecting like the data throughput that
we're<00:17:09.600><c> expecting</c><00:17:09.900><c> the</c><00:17:10.199><c> number</c><00:17:10.470><c> though</c><00:17:11.089><c> like</c>

00:17:12.079 --> 00:17:12.089 align:start position:0%
we're expecting the number though like
 

00:17:12.089 --> 00:17:14.270 align:start position:0%
we're expecting the number though like
we've<00:17:12.240><c> committed</c><00:17:12.510><c> numbers</c><00:17:12.900><c> between</c><00:17:13.170><c> 1</c><00:17:13.860><c> to</c><00:17:14.040><c> 10</c>

00:17:14.270 --> 00:17:14.280 align:start position:0%
we've committed numbers between 1 to 10
 

00:17:14.280 --> 00:17:18.410 align:start position:0%
we've committed numbers between 1 to 10
megabytes<00:17:14.760><c> per</c><00:17:14.970><c> second</c><00:17:15.720><c> and</c><00:17:16.520><c> that</c><00:17:17.520><c> seems</c><00:17:17.970><c> kind</c>

00:17:18.410 --> 00:17:18.420 align:start position:0%
megabytes per second and that seems kind
 

00:17:18.420 --> 00:17:21.800 align:start position:0%
megabytes per second and that seems kind
of<00:17:18.569><c> to</c><00:17:19.290><c> be</c><00:17:19.470><c> close</c><00:17:20.370><c> to</c><00:17:20.579><c> the</c><00:17:20.699><c> upper</c><00:17:21.420><c> limit</c><00:17:21.600><c> of</c>

00:17:21.800 --> 00:17:21.810 align:start position:0%
of to be close to the upper limit of
 

00:17:21.810 --> 00:17:23.480 align:start position:0%
of to be close to the upper limit of
people<00:17:22.110><c> of</c><00:17:22.170><c> like</c><00:17:22.650><c> what</c><00:17:22.829><c> people</c><00:17:23.010><c> are</c><00:17:23.250><c> fine</c><00:17:23.459><c> with</c>

00:17:23.480 --> 00:17:23.490 align:start position:0%
people of like what people are fine with
 

00:17:23.490 --> 00:17:25.850 align:start position:0%
people of like what people are fine with
so<00:17:23.850><c> far</c><00:17:24.120><c> and</c><00:17:24.810><c> for</c><00:17:24.870><c> the</c><00:17:25.199><c> vote</c><00:17:25.350><c> on</c><00:17:25.500><c> the</c><00:17:25.620><c> beacon</c>

00:17:25.850 --> 00:17:25.860 align:start position:0%
so far and for the vote on the beacon
 

00:17:25.860 --> 00:17:27.500 align:start position:0%
so far and for the vote on the beacon
chain<00:17:26.130><c> like</c><00:17:26.339><c> we've</c><00:17:26.459><c> done</c><00:17:26.640><c> numbers</c><00:17:27.150><c> and</c><00:17:27.420><c> it</c>

00:17:27.500 --> 00:17:27.510 align:start position:0%
chain like we've done numbers and it
 

00:17:27.510 --> 00:17:29.780 align:start position:0%
chain like we've done numbers and it
seems<00:17:27.780><c> like</c><00:17:28.079><c> beacon</c><00:17:28.860><c> chain</c><00:17:29.100><c> blocks</c><00:17:29.370><c> can</c><00:17:29.670><c> in</c>

00:17:29.780 --> 00:17:29.790 align:start position:0%
seems like beacon chain blocks can in
 

00:17:29.790 --> 00:17:32.120 align:start position:0%
seems like beacon chain blocks can in
the<00:17:29.880><c> worst</c><00:17:30.090><c> case</c><00:17:30.420><c> be</c><00:17:30.660><c> verified</c><00:17:31.260><c> in</c><00:17:31.560><c> like</c><00:17:31.830><c> about</c>

00:17:32.120 --> 00:17:32.130 align:start position:0%
the worst case be verified in like about
 

00:17:32.130 --> 00:17:37.820 align:start position:0%
the worst case be verified in like about
us<00:17:32.280><c> about</c><00:17:32.610><c> a</c><00:17:32.820><c> second</c><00:17:33.240><c> now</c><00:17:33.360><c> is</c><00:17:33.540><c> it</c><00:17:34.490><c> so</c><00:17:36.560><c> yeah</c><00:17:37.560><c> so</c>

00:17:37.820 --> 00:17:37.830 align:start position:0%
us about a second now is it so yeah so
 

00:17:37.830 --> 00:17:39.680 align:start position:0%
us about a second now is it so yeah so
once<00:17:38.070><c> again</c><00:17:38.220><c> it's</c><00:17:38.520><c> they</c><00:17:38.640><c> kind</c><00:17:38.880><c> of</c><00:17:39.000><c> like</c><00:17:39.240><c> that</c>

00:17:39.680 --> 00:17:39.690 align:start position:0%
once again it's they kind of like that
 

00:17:39.690 --> 00:17:42.860 align:start position:0%
once again it's they kind of like that
much<00:17:39.960><c> but</c><00:17:40.140><c> not</c><00:17:40.350><c> more</c><00:17:40.590><c> sort</c><00:17:40.890><c> of</c><00:17:40.950><c> thing</c><00:17:41.840><c> yeah</c><00:17:42.840><c> I</c>

00:17:42.860 --> 00:17:42.870 align:start position:0%
much but not more sort of thing yeah I
 

00:17:42.870 --> 00:17:43.850 align:start position:0%
much but not more sort of thing yeah I
think<00:17:42.960><c> there</c><00:17:43.170><c> was</c><00:17:43.260><c> like</c><00:17:43.410><c> four</c><00:17:43.679><c> million</c>

00:17:43.850 --> 00:17:43.860 align:start position:0%
think there was like four million
 

00:17:43.860 --> 00:17:45.890 align:start position:0%
think there was like four million
validated<00:17:44.460><c> were</c><00:17:44.610><c> starting</c><00:17:44.940><c> to</c><00:17:44.970><c> encroach</c><00:17:45.450><c> over</c>

00:17:45.890 --> 00:17:45.900 align:start position:0%
validated were starting to encroach over
 

00:17:45.900 --> 00:17:50.570 align:start position:0%
validated were starting to encroach over
a<00:17:45.929><c> second</c><00:17:46.410><c> so</c><00:17:47.929><c> yeah</c><00:17:48.929><c> I</c><00:17:49.650><c> personally</c><00:17:50.160><c> want</c><00:17:50.400><c> to</c><00:17:50.460><c> be</c>

00:17:50.570 --> 00:17:50.580 align:start position:0%
a second so yeah I personally want to be
 

00:17:50.580 --> 00:17:51.860 align:start position:0%
a second so yeah I personally want to be
concerned<00:17:50.910><c> want</c><00:17:51.179><c> to</c><00:17:51.240><c> be</c><00:17:51.330><c> conservative</c><00:17:51.720><c> or</c>

00:17:51.860 --> 00:17:51.870 align:start position:0%
concerned want to be conservative or
 

00:17:51.870 --> 00:17:53.690 align:start position:0%
concerned want to be conservative or
speaking<00:17:52.170><c> to</c><00:17:52.230><c> a</c><00:17:52.350><c> number</c><00:17:52.650><c> so</c><00:17:52.800><c> I</c><00:17:52.830><c> kind</c><00:17:53.130><c> wants</c><00:17:53.400><c> to</c>

00:17:53.690 --> 00:17:53.700 align:start position:0%
speaking to a number so I kind wants to
 

00:17:53.700 --> 00:17:56.180 align:start position:0%
speaking to a number so I kind wants to
I<00:17:53.750><c> personally</c><00:17:54.750><c> really</c><00:17:55.380><c> wants</c><00:17:55.650><c> to</c><00:17:55.770><c> avoid</c><00:17:56.010><c> the</c>

00:17:56.180 --> 00:17:56.190 align:start position:0%
I personally really wants to avoid the
 

00:17:56.190 --> 00:17:58.730 align:start position:0%
I personally really wants to avoid the
mistake<00:17:56.550><c> that</c><00:17:56.820><c> we</c><00:17:56.970><c> made</c><00:17:57.210><c> of</c><00:17:57.450><c> like</c><00:17:57.690><c> in</c><00:17:58.200><c> eighth</c>

00:17:58.730 --> 00:17:58.740 align:start position:0%
mistake that we made of like in eighth
 

00:17:58.740 --> 00:18:00.950 align:start position:0%
mistake that we made of like in eighth
one<00:17:59.070><c> where</c><00:17:59.430><c> because</c><00:18:00.000><c> the</c><00:18:00.180><c> chain</c><00:18:00.450><c> was</c><00:18:00.690><c> heavy</c>

00:18:00.950 --> 00:18:00.960 align:start position:0%
one where because the chain was heavy
 

00:18:00.960 --> 00:18:02.810 align:start position:0%
one where because the chain was heavy
like<00:18:01.320><c> Sophie</c><00:18:01.710><c> people</c><00:18:02.040><c> wants</c><00:18:02.310><c> to</c><00:18:02.340><c> run</c><00:18:02.550><c> a</c><00:18:02.580><c> note</c>

00:18:02.810 --> 00:18:02.820 align:start position:0%
like Sophie people wants to run a note
 

00:18:02.820 --> 00:18:04.820 align:start position:0%
like Sophie people wants to run a note
like<00:18:03.090><c> I</c><00:18:03.120><c> would</c><00:18:03.390><c> prefer</c><00:18:03.570><c> a</c><00:18:03.720><c> beacon</c><00:18:04.200><c> chain</c><00:18:04.470><c> note</c>

00:18:04.820 --> 00:18:04.830 align:start position:0%
like I would prefer a beacon chain note
 

00:18:04.830 --> 00:18:07.100 align:start position:0%
like I would prefer a beacon chain note
to<00:18:05.010><c> be</c><00:18:05.130><c> just</c><00:18:05.430><c> a</c><00:18:05.550><c> thing</c><00:18:05.730><c> that</c><00:18:05.940><c> you</c><00:18:06.030><c> would</c><00:18:06.210><c> run</c><00:18:06.870><c> by</c>

00:18:07.100 --> 00:18:07.110 align:start position:0%
to be just a thing that you would run by
 

00:18:07.110 --> 00:18:09.050 align:start position:0%
to be just a thing that you would run by
default<00:18:07.530><c> rather</c><00:18:07.860><c> than</c><00:18:08.130><c> like</c><00:18:08.400><c> running</c><00:18:08.790><c> only</c>

00:18:09.050 --> 00:18:09.060 align:start position:0%
default rather than like running only
 

00:18:09.060 --> 00:18:10.790 align:start position:0%
default rather than like running only
what<00:18:09.450><c> you</c><00:18:09.540><c> need</c><00:18:09.750><c> it</c><00:18:09.900><c> and</c><00:18:10.080><c> that</c><00:18:10.590><c> does</c>

00:18:10.790 --> 00:18:10.800 align:start position:0%
what you need it and that does
 

00:18:10.800 --> 00:18:13.190 align:start position:0%
what you need it and that does
necessitate<00:18:11.550><c> kind</c><00:18:11.790><c> of</c><00:18:11.880><c> fairly</c><00:18:12.120><c> like</c><00:18:12.510><c> strange</c>

00:18:13.190 --> 00:18:13.200 align:start position:0%
necessitate kind of fairly like strange
 

00:18:13.200 --> 00:18:15.470 align:start position:0%
necessitate kind of fairly like strange
it<00:18:13.350><c> performance</c><00:18:13.740><c> requirements</c><00:18:14.490><c> yeah</c><00:18:15.240><c> I</c><00:18:15.270><c> agree</c>

00:18:15.470 --> 00:18:15.480 align:start position:0%
it performance requirements yeah I agree
 

00:18:15.480 --> 00:18:18.520 align:start position:0%
it performance requirements yeah I agree
things<00:18:15.900><c> are</c><00:18:16.050><c> the</c><00:18:16.110><c> faster</c><00:18:16.500><c> harder</c><00:18:16.680><c> does</c><00:18:17.040><c> to</c><00:18:17.310><c> I</c>

00:18:18.520 --> 00:18:18.530 align:start position:0%
things are the faster harder does to I
 

00:18:18.530 --> 00:18:20.780 align:start position:0%
things are the faster harder does to I
mean<00:18:19.530><c> on</c><00:18:19.650><c> the</c><00:18:19.770><c> concern</c><00:18:20.160><c> that</c><00:18:20.370><c> that</c><00:18:20.400><c> won't</c><00:18:20.670><c> be</c>

00:18:20.780 --> 00:18:20.790 align:start position:0%
mean on the concern that that won't be
 

00:18:20.790 --> 00:18:22.690 align:start position:0%
mean on the concern that that won't be
enough<00:18:21.000><c> validators</c><00:18:21.570><c> to</c><00:18:21.690><c> start</c><00:18:21.960><c> with</c><00:18:22.170><c> we're</c>

00:18:22.690 --> 00:18:22.700 align:start position:0%
enough validators to start with we're
 

00:18:22.700 --> 00:18:25.490 align:start position:0%
enough validators to start with we're
essentially<00:18:23.700><c> handling</c><00:18:24.210><c> that</c><00:18:24.390><c> by</c><00:18:24.690><c> only</c><00:18:25.140><c> doing</c>

00:18:25.490 --> 00:18:25.500 align:start position:0%
essentially handling that by only doing
 

00:18:25.500 --> 00:18:27.290 align:start position:0%
essentially handling that by only doing
the<00:18:25.680><c> Genesis</c><00:18:26.310><c> once</c><00:18:26.610><c> we</c><00:18:26.760><c> have</c><00:18:26.880><c> sufficient</c>

00:18:27.290 --> 00:18:27.300 align:start position:0%
the Genesis once we have sufficient
 

00:18:27.300 --> 00:18:29.450 align:start position:0%
the Genesis once we have sufficient
validators<00:18:27.840><c> so</c><00:18:28.410><c> will</c><00:18:28.590><c> the</c><00:18:28.860><c> current</c><00:18:29.160><c> numbers</c>

00:18:29.450 --> 00:18:29.460 align:start position:0%
validators so will the current numbers
 

00:18:29.460 --> 00:18:33.490 align:start position:0%
validators so will the current numbers
are<00:18:30.260><c> 65,000</c><00:18:31.260><c> validators</c><00:18:31.800><c> to</c><00:18:32.160><c> Megan</c><00:18:32.430><c> if</c>

00:18:33.490 --> 00:18:33.500 align:start position:0%
are 65,000 validators to Megan if
 

00:18:33.500 --> 00:18:35.960 align:start position:0%
are 65,000 validators to Megan if
another<00:18:34.500><c> idea</c><00:18:34.830><c> that</c><00:18:34.860><c> we're</c><00:18:35.220><c> considering</c><00:18:35.580><c> is</c>

00:18:35.960 --> 00:18:35.970 align:start position:0%
another idea that we're considering is
 

00:18:35.970 --> 00:18:39.140 align:start position:0%
another idea that we're considering is
that<00:18:36.210><c> even</c><00:18:36.770><c> even</c><00:18:37.770><c> if</c><00:18:38.040><c> we</c><00:18:38.190><c> go</c><00:18:38.430><c> four</c><00:18:38.730><c> thousand</c>

00:18:39.140 --> 00:18:39.150 align:start position:0%
that even even if we go four thousand
 

00:18:39.150 --> 00:18:42.320 align:start position:0%
that even even if we go four thousand
shots<00:18:39.360><c> in</c><00:18:39.570><c> the</c><00:18:39.660><c> very</c><00:18:39.840><c> long</c><00:18:39.990><c> term</c><00:18:40.760><c> we</c><00:18:41.760><c> could</c><00:18:41.940><c> you</c>

00:18:42.320 --> 00:18:42.330 align:start position:0%
shots in the very long term we could you
 

00:18:42.330 --> 00:18:45.500 align:start position:0%
shots in the very long term we could you
know<00:18:42.390><c> we</c><00:18:42.480><c> could</c><00:18:42.690><c> slowly</c><00:18:44.330><c> enable</c><00:18:45.330><c> them</c>

00:18:45.500 --> 00:18:45.510 align:start position:0%
know we could slowly enable them
 

00:18:45.510 --> 00:18:47.720 align:start position:0%
know we could slowly enable them
ratcheted<00:18:46.050><c> up</c><00:18:46.200><c> so</c><00:18:46.470><c> start</c><00:18:46.800><c> maybe</c><00:18:46.980><c> with</c><00:18:47.100><c> sixty</c>

00:18:47.720 --> 00:18:47.730 align:start position:0%
ratcheted up so start maybe with sixty
 

00:18:47.730 --> 00:18:50.270 align:start position:0%
ratcheted up so start maybe with sixty
four<00:18:47.910><c> shots</c><00:18:48.180><c> and</c><00:18:48.420><c> then</c><00:18:48.540><c> over</c><00:18:48.930><c> time</c><00:18:49.170><c> have</c><00:18:50.160><c> it</c>

00:18:50.270 --> 00:18:50.280 align:start position:0%
four shots and then over time have it
 

00:18:50.280 --> 00:18:51.650 align:start position:0%
four shots and then over time have it
increased<00:18:50.580><c> because</c><00:18:50.730><c> at</c><00:18:50.970><c> the</c><00:18:51.060><c> very</c><00:18:51.090><c> beginning</c>

00:18:51.650 --> 00:18:51.660 align:start position:0%
increased because at the very beginning
 

00:18:51.660 --> 00:18:53.480 align:start position:0%
increased because at the very beginning
there's<00:18:51.870><c> gonna</c><00:18:51.960><c> be</c><00:18:52.140><c> very</c><00:18:52.320><c> little</c><00:18:52.590><c> activity</c>

00:18:53.480 --> 00:18:53.490 align:start position:0%
there's gonna be very little activity
 

00:18:53.490 --> 00:18:58.870 align:start position:0%
there's gonna be very little activity
and<00:18:53.790><c> it</c><00:18:54.720><c> might</c><00:18:54.900><c> be</c><00:18:55.050><c> worth</c><00:18:56.750><c> using</c><00:18:57.750><c> less</c><00:18:58.050><c> shots</c>

00:18:58.870 --> 00:18:58.880 align:start position:0%
and it might be worth using less shots
 

00:18:58.880 --> 00:19:02.360 align:start position:0%
and it might be worth using less shots
yeah<00:18:59.880><c> speaking</c><00:19:00.300><c> of</c><00:19:00.480><c> block</c><00:19:01.350><c> times</c><00:19:01.650><c> or</c><00:19:02.010><c> a</c>

00:19:02.360 --> 00:19:02.370 align:start position:0%
yeah speaking of block times or a
 

00:19:02.370 --> 00:19:05.480 align:start position:0%
yeah speaking of block times or a
process<00:19:02.820><c> block</c><00:19:03.120><c> processing</c><00:19:04.020><c> times</c><00:19:04.230><c> it's</c><00:19:04.500><c> it's</c>

00:19:05.480 --> 00:19:05.490 align:start position:0%
process block processing times it's it's
 

00:19:05.490 --> 00:19:07.010 align:start position:0%
process block processing times it's it's
important<00:19:05.880><c> to</c><00:19:06.000><c> remember</c><00:19:06.210><c> there</c><00:19:06.480><c> are</c><00:19:06.540><c> cases</c>

00:19:07.010 --> 00:19:07.020 align:start position:0%
important to remember there are cases
 

00:19:07.020 --> 00:19:08.720 align:start position:0%
important to remember there are cases
where<00:19:07.350><c> we</c><00:19:07.380><c> have</c><00:19:07.650><c> to</c><00:19:07.680><c> process</c><00:19:08.010><c> blocks</c><00:19:08.460><c> which</c>

00:19:08.720 --> 00:19:08.730 align:start position:0%
where we have to process blocks which
 

00:19:08.730 --> 00:19:10.760 align:start position:0%
where we have to process blocks which
are<00:19:08.910><c> not</c><00:19:09.060><c> necessarily</c><00:19:09.900><c> good</c><00:19:10.050><c> ones</c><00:19:10.260><c> that</c><00:19:10.590><c> might</c>

00:19:10.760 --> 00:19:10.770 align:start position:0%
are not necessarily good ones that might
 

00:19:10.770 --> 00:19:13.130 align:start position:0%
are not necessarily good ones that might
be<00:19:10.800><c> spammed</c><00:19:11.220><c> might</c><00:19:11.610><c> be</c><00:19:12.140><c> maliciously</c>

00:19:13.130 --> 00:19:13.140 align:start position:0%
be spammed might be maliciously
 

00:19:13.140 --> 00:19:16.340 align:start position:0%
be spammed might be maliciously
constructed<00:19:13.890><c> that</c><00:19:14.220><c> takes</c><00:19:14.460><c> time</c><00:19:14.730><c> away</c><00:19:14.960><c> so</c><00:19:15.960><c> we</c>

00:19:16.340 --> 00:19:16.350 align:start position:0%
constructed that takes time away so we
 

00:19:16.350 --> 00:19:18.520 align:start position:0%
constructed that takes time away so we
need<00:19:16.470><c> to</c><00:19:16.650><c> have</c><00:19:16.770><c> a</c><00:19:16.830><c> little</c><00:19:17.100><c> bit</c><00:19:17.190><c> of</c><00:19:17.220><c> a</c><00:19:17.370><c> buffer</c>

00:19:18.520 --> 00:19:18.530 align:start position:0%
need to have a little bit of a buffer
 

00:19:18.530 --> 00:19:21.700 align:start position:0%
need to have a little bit of a buffer
and<00:19:19.530><c> that</c><00:19:19.560><c> also</c><00:19:20.310><c> affects</c><00:19:20.700><c> the</c><00:19:20.940><c> way</c><00:19:21.090><c> that</c>

00:19:21.700 --> 00:19:21.710 align:start position:0%
and that also affects the way that
 

00:19:21.710 --> 00:19:24.590 align:start position:0%
and that also affects the way that
messages<00:19:22.710><c> propagate</c><00:19:23.220><c> in</c><00:19:23.340><c> the</c><00:19:23.460><c> network</c><00:19:23.820><c> so</c>

00:19:24.590 --> 00:19:24.600 align:start position:0%
messages propagate in the network so
 

00:19:24.600 --> 00:19:28.340 align:start position:0%
messages propagate in the network so
we're<00:19:24.750><c> using</c><00:19:25.580><c> an</c><00:19:26.580><c> epidemic</c><00:19:27.090><c> network</c><00:19:27.450><c> which</c>

00:19:28.340 --> 00:19:28.350 align:start position:0%
we're using an epidemic network which
 

00:19:28.350 --> 00:19:30.230 align:start position:0%
we're using an epidemic network which
basically<00:19:28.740><c> means</c><00:19:29.040><c> that</c><00:19:29.160><c> all</c><00:19:29.760><c> the</c><00:19:29.940><c> data</c><00:19:30.120><c> is</c>

00:19:30.230 --> 00:19:30.240 align:start position:0%
basically means that all the data is
 

00:19:30.240 --> 00:19:32.780 align:start position:0%
basically means that all the data is
replicated<00:19:30.450><c> all</c><00:19:30.960><c> over</c><00:19:31.230><c> the</c><00:19:31.320><c> network</c><00:19:31.680><c> and</c><00:19:31.890><c> the</c>

00:19:32.780 --> 00:19:32.790 align:start position:0%
replicated all over the network and the
 

00:19:32.790 --> 00:19:35.150 align:start position:0%
replicated all over the network and the
longer<00:19:33.210><c> it</c><00:19:33.330><c> takes</c><00:19:33.360><c> to</c><00:19:33.630><c> process</c><00:19:33.870><c> or</c><00:19:34.440><c> the</c><00:19:34.860><c> longer</c>

00:19:35.150 --> 00:19:35.160 align:start position:0%
longer it takes to process or the longer
 

00:19:35.160 --> 00:19:39.530 align:start position:0%
longer it takes to process or the longer
full<00:19:35.580><c> block</c><00:19:36.510><c> processing</c><00:19:37.410><c> takes</c><00:19:37.790><c> the</c><00:19:38.790><c> less</c>

00:19:39.530 --> 00:19:39.540 align:start position:0%
full block processing takes the less
 

00:19:39.540 --> 00:19:41.120 align:start position:0%
full block processing takes the less
validation<00:19:40.320><c> we</c><00:19:40.440><c> can</c><00:19:40.620><c> do</c><00:19:40.740><c> ahead</c><00:19:40.860><c> of</c><00:19:41.010><c> time</c>

00:19:41.120 --> 00:19:41.130 align:start position:0%
validation we can do ahead of time
 

00:19:41.130 --> 00:19:44.420 align:start position:0%
validation we can do ahead of time
meaning<00:19:41.580><c> that</c><00:19:41.700><c> the</c><00:19:42.030><c> more</c><00:19:43.010><c> risk</c><00:19:44.010><c> there</c><00:19:44.280><c> is</c><00:19:44.340><c> that</c>

00:19:44.420 --> 00:19:44.430 align:start position:0%
meaning that the more risk there is that
 

00:19:44.430 --> 00:19:46.100 align:start position:0%
meaning that the more risk there is that
the<00:19:44.700><c> data</c><00:19:44.910><c> that</c><00:19:45.270><c> the</c><00:19:45.420><c> network</c><00:19:45.810><c> will</c><00:19:45.990><c> be</c>

00:19:46.100 --> 00:19:46.110 align:start position:0%
the data that the network will be
 

00:19:46.110 --> 00:19:48.500 align:start position:0%
the data that the network will be
flooded<00:19:46.440><c> by</c><00:19:46.560><c> bad</c><00:19:46.770><c> data</c><00:19:47.010><c> or</c><00:19:47.370><c> that</c><00:19:47.790><c> it</c><00:19:48.210><c> will</c><00:19:48.330><c> be</c>

00:19:48.500 --> 00:19:48.510 align:start position:0%
flooded by bad data or that it will be
 

00:19:48.510 --> 00:19:51.410 align:start position:0%
flooded by bad data or that it will be
slow<00:19:48.750><c> either</c><00:19:49.410><c> of</c><00:19:49.620><c> those</c><00:19:49.770><c> two</c><00:19:50.040><c> right</c><00:19:50.250><c> so</c><00:19:50.520><c> so</c>

00:19:51.410 --> 00:19:51.420 align:start position:0%
slow either of those two right so so
 

00:19:51.420 --> 00:19:53.450 align:start position:0%
slow either of those two right so so
there's<00:19:51.570><c> also</c><00:19:51.780><c> that</c><00:19:51.960><c> argument</c><00:19:52.440><c> that</c><00:19:52.590><c> if</c><00:19:53.220><c> we</c>

00:19:53.450 --> 00:19:53.460 align:start position:0%
there's also that argument that if we
 

00:19:53.460 --> 00:19:55.610 align:start position:0%
there's also that argument that if we
can<00:19:53.610><c> do</c><00:19:53.730><c> more</c><00:19:53.760><c> good</c><00:19:54.030><c> validation</c><00:19:54.600><c> upfront</c><00:19:55.200><c> and</c>

00:19:55.610 --> 00:19:55.620 align:start position:0%
can do more good validation upfront and
 

00:19:55.620 --> 00:19:59.090 align:start position:0%
can do more good validation upfront and
still<00:19:56.310><c> maintain</c><00:19:56.790><c> low</c><00:19:57.150><c> latencies</c><00:19:57.920><c> we</c><00:19:58.920><c> also</c>

00:19:59.090 --> 00:19:59.100 align:start position:0%
still maintain low latencies we also
 

00:19:59.100 --> 00:20:01.520 align:start position:0%
still maintain low latencies we also
gain<00:19:59.430><c> in</c><00:19:59.670><c> other</c><00:19:59.820><c> parts</c><00:20:00.690><c> of</c><00:20:00.810><c> the</c><00:20:00.960><c> system</c><00:20:01.170><c> as</c><00:20:01.500><c> a</c>

00:20:01.520 --> 00:20:01.530 align:start position:0%
gain in other parts of the system as a
 

00:20:01.530 --> 00:20:05.269 align:start position:0%
gain in other parts of the system as a
whole

00:20:05.269 --> 00:20:05.279 align:start position:0%
 
 

00:20:05.279 --> 00:20:08.039 align:start position:0%
 
yes<00:20:06.279><c> I'm</c><00:20:06.549><c> wondering</c><00:20:07.059><c> what</c><00:20:07.179><c> the</c><00:20:07.210><c> plan</c><00:20:07.750><c> is</c><00:20:07.929><c> in</c>

00:20:08.039 --> 00:20:08.049 align:start position:0%
yes I'm wondering what the plan is in
 

00:20:08.049 --> 00:20:10.049 align:start position:0%
yes I'm wondering what the plan is in
general<00:20:08.259><c> terms</c><00:20:08.500><c> for</c><00:20:08.799><c> handling</c><00:20:09.009><c> of</c><00:20:09.190><c> VRC</c><00:20:09.639><c> 20</c>

00:20:10.049 --> 00:20:10.059 align:start position:0%
general terms for handling of VRC 20
 

00:20:10.059 --> 00:20:12.509 align:start position:0%
general terms for handling of VRC 20
assets<00:20:10.389><c> in</c><00:20:11.139><c> particular</c><00:20:11.649><c> transfer</c><00:20:12.100><c> functions</c>

00:20:12.509 --> 00:20:12.519 align:start position:0%
assets in particular transfer functions
 

00:20:12.519 --> 00:20:14.310 align:start position:0%
assets in particular transfer functions
as<00:20:12.850><c> a</c><00:20:12.909><c> developer</c><00:20:13.419><c> it's</c><00:20:13.509><c> somewhat</c><00:20:13.899><c> difficult</c>

00:20:14.310 --> 00:20:14.320 align:start position:0%
as a developer it's somewhat difficult
 

00:20:14.320 --> 00:20:15.899 align:start position:0%
as a developer it's somewhat difficult
from<00:20:14.740><c> user</c><00:20:14.950><c> experience</c><00:20:15.370><c> standpoint</c><00:20:15.549><c> and</c>

00:20:15.899 --> 00:20:15.909 align:start position:0%
from user experience standpoint and
 

00:20:15.909 --> 00:20:18.990 align:start position:0%
from user experience standpoint and
there's<00:20:16.299><c> been</c><00:20:16.450><c> many</c><00:20:16.600><c> proposals</c><00:20:16.919><c> er</c><00:20:17.919><c> c-23</c><00:20:18.820><c> for</c>

00:20:18.990 --> 00:20:19.000 align:start position:0%
there's been many proposals er c-23 for
 

00:20:19.000 --> 00:20:21.629 align:start position:0%
there's been many proposals er c-23 for
instance<00:20:19.360><c> as</c><00:20:19.600><c> an</c><00:20:20.080><c> interesting</c><00:20:20.500><c> proposal</c><00:20:20.649><c> but</c>

00:20:21.629 --> 00:20:21.639 align:start position:0%
instance as an interesting proposal but
 

00:20:21.639 --> 00:20:23.490 align:start position:0%
instance as an interesting proposal but
as<00:20:21.730><c> we</c><00:20:21.880><c> transition</c><00:20:22.450><c> to</c><00:20:22.570><c> e</c><00:20:22.630><c> 2.0</c><00:20:23.169><c> I'm</c><00:20:23.230><c> curious</c>

00:20:23.490 --> 00:20:23.500 align:start position:0%
as we transition to e 2.0 I'm curious
 

00:20:23.500 --> 00:20:25.710 align:start position:0%
as we transition to e 2.0 I'm curious
what<00:20:23.740><c> the</c><00:20:23.860><c> general</c><00:20:24.220><c> plan</c><00:20:24.850><c> is</c><00:20:24.880><c> for</c><00:20:25.240><c> handling</c>

00:20:25.710 --> 00:20:25.720 align:start position:0%
what the general plan is for handling
 

00:20:25.720 --> 00:20:26.850 align:start position:0%
what the general plan is for handling
those<00:20:25.899><c> assets</c><00:20:26.289><c> because</c><00:20:26.470><c> there's</c><00:20:26.649><c> just</c>

00:20:26.850 --> 00:20:26.860 align:start position:0%
those assets because there's just
 

00:20:26.860 --> 00:20:28.769 align:start position:0%
those assets because there's just
hundreds<00:20:27.490><c> of</c><00:20:27.610><c> whom</c><00:20:27.730><c> just</c><00:20:27.759><c> migrating</c><00:20:28.539><c> them</c><00:20:28.630><c> to</c>

00:20:28.769 --> 00:20:28.779 align:start position:0%
hundreds of whom just migrating them to
 

00:20:28.779 --> 00:20:30.149 align:start position:0%
hundreds of whom just migrating them to
two-threes<00:20:29.380><c> and</c><00:20:29.559><c> it</c><00:20:29.649><c> sort</c><00:20:29.799><c> of</c><00:20:29.830><c> feasible</c>

00:20:30.149 --> 00:20:30.159 align:start position:0%
two-threes and it sort of feasible
 

00:20:30.159 --> 00:20:33.450 align:start position:0%
two-threes and it sort of feasible
curious<00:20:30.940><c> your</c><00:20:31.029><c> thoughts</c><00:20:31.210><c> so</c><00:20:32.340><c> kind</c><00:20:33.340><c> of</c>

00:20:33.450 --> 00:20:33.460 align:start position:0%
curious your thoughts so kind of
 

00:20:33.460 --> 00:20:35.399 align:start position:0%
curious your thoughts so kind of
unrelated<00:20:34.210><c> to</c><00:20:34.389><c> the</c><00:20:34.480><c> whole</c><00:20:34.630><c> transfer</c><00:20:35.169><c> from</c>

00:20:35.399 --> 00:20:35.409 align:start position:0%
unrelated to the whole transfer from
 

00:20:35.409 --> 00:20:37.440 align:start position:0%
unrelated to the whole transfer from
thing<00:20:35.830><c> which</c><00:20:36.039><c> I</c><00:20:36.220><c> agree</c><00:20:36.490><c> needs</c><00:20:36.610><c> to</c><00:20:36.850><c> be</c><00:20:36.970><c> reformed</c>

00:20:37.440 --> 00:20:37.450 align:start position:0%
thing which I agree needs to be reformed
 

00:20:37.450 --> 00:20:40.379 align:start position:0%
thing which I agree needs to be reformed
somehow<00:20:37.870><c> another</c><00:20:38.710><c> issue</c><00:20:39.129><c> another</c><00:20:39.820><c> reason</c><00:20:40.269><c> why</c>

00:20:40.379 --> 00:20:40.389 align:start position:0%
somehow another issue another reason why
 

00:20:40.389 --> 00:20:42.269 align:start position:0%
somehow another issue another reason why
things<00:20:40.720><c> need</c><00:20:40.899><c> to</c><00:20:40.929><c> be</c><00:20:41.049><c> reformed</c><00:20:41.470><c> anyway</c><00:20:42.009><c> is</c>

00:20:42.269 --> 00:20:42.279 align:start position:0%
things need to be reformed anyway is
 

00:20:42.279 --> 00:20:44.669 align:start position:0%
things need to be reformed anyway is
that<00:20:42.690><c> assets</c><00:20:43.690><c> are</c><00:20:43.899><c> probably</c><00:20:44.259><c> the</c><00:20:44.470><c> major</c>

00:20:44.669 --> 00:20:44.679 align:start position:0%
that assets are probably the major
 

00:20:44.679 --> 00:20:47.039 align:start position:0%
that assets are probably the major
category<00:20:45.490><c> of</c><00:20:45.549><c> application</c><00:20:46.330><c> that</c><00:20:46.539><c> we</c><00:20:46.629><c> expect</c>

00:20:47.039 --> 00:20:47.049 align:start position:0%
category of application that we expect
 

00:20:47.049 --> 00:20:49.769 align:start position:0%
category of application that we expect
like<00:20:47.259><c> in</c><00:20:47.830><c> any</c><00:20:48.519><c> particular</c><00:20:48.730><c> token</c><00:20:49.330><c> will</c><00:20:49.659><c> need</c>

00:20:49.769 --> 00:20:49.779 align:start position:0%
like in any particular token will need
 

00:20:49.779 --> 00:20:52.169 align:start position:0%
like in any particular token will need
to<00:20:49.899><c> be</c><00:20:50.019><c> accessible</c><00:20:50.440><c> in</c><00:20:50.620><c> all</c><00:20:50.710><c> shards</c><00:20:51.129><c> like</c><00:20:51.879><c> most</c>

00:20:52.169 --> 00:20:52.179 align:start position:0%
to be accessible in all shards like most
 

00:20:52.179 --> 00:20:54.480 align:start position:0%
to be accessible in all shards like most
applications<00:20:52.990><c> agree</c><00:20:53.470><c> like</c><00:20:53.529><c> realistically</c>

00:20:54.480 --> 00:20:54.490 align:start position:0%
applications agree like realistically
 

00:20:54.490 --> 00:20:55.919 align:start position:0%
applications agree like realistically
unless<00:20:54.820><c> you're</c><00:20:55.000><c> in</c><00:20:55.090><c> the</c><00:20:55.210><c> top</c><00:20:55.360><c> 10</c><00:20:55.629><c> you</c><00:20:55.809><c> could</c>

00:20:55.919 --> 00:20:55.929 align:start position:0%
unless you're in the top 10 you could
 

00:20:55.929 --> 00:20:57.509 align:start position:0%
unless you're in the top 10 you could
just<00:20:56.139><c> live</c><00:20:56.350><c> inside</c><00:20:56.590><c> of</c><00:20:56.769><c> one</c><00:20:56.950><c> shard</c><00:20:57.220><c> and</c><00:20:57.370><c> you</c>

00:20:57.509 --> 00:20:57.519 align:start position:0%
just live inside of one shard and you
 

00:20:57.519 --> 00:20:58.860 align:start position:0%
just live inside of one shard and you
could<00:20:57.639><c> expect</c><00:20:57.970><c> people</c><00:20:58.149><c> to</c><00:20:58.299><c> just</c><00:20:58.389><c> move</c><00:20:58.659><c> their</c>

00:20:58.860 --> 00:20:58.870 align:start position:0%
could expect people to just move their
 

00:20:58.870 --> 00:21:00.480 align:start position:0%
could expect people to just move their
points<00:20:59.169><c> to</c><00:20:59.230><c> your</c><00:20:59.320><c> shard</c><00:20:59.590><c> do</c><00:20:59.740><c> stuff</c><00:21:00.009><c> inside</c><00:21:00.370><c> of</c>

00:21:00.480 --> 00:21:00.490 align:start position:0%
points to your shard do stuff inside of
 

00:21:00.490 --> 00:21:01.980 align:start position:0%
points to your shard do stuff inside of
your<00:21:00.610><c> application</c><00:21:00.759><c> then</c><00:21:01.389><c> go</c><00:21:01.539><c> somewhere</c><00:21:01.720><c> else</c>

00:21:01.980 --> 00:21:01.990 align:start position:0%
your application then go somewhere else
 

00:21:01.990 --> 00:21:04.619 align:start position:0%
your application then go somewhere else
but<00:21:02.769><c> tokens</c><00:21:03.250><c> need</c><00:21:03.519><c> to</c><00:21:03.669><c> be</c><00:21:03.789><c> able</c><00:21:03.850><c> to</c><00:21:04.000><c> move</c><00:21:04.269><c> to</c><00:21:04.450><c> be</c>

00:21:04.619 --> 00:21:04.629 align:start position:0%
but tokens need to be able to move to be
 

00:21:04.629 --> 00:21:07.860 align:start position:0%
but tokens need to be able to move to be
moved<00:21:04.870><c> around</c><00:21:05.019><c> everywhere</c><00:21:05.620><c> and</c><00:21:05.889><c> so</c><00:21:06.370><c> like</c><00:21:07.330><c> the</c>

00:21:07.860 --> 00:21:07.870 align:start position:0%
moved around everywhere and so like the
 

00:21:07.870 --> 00:21:10.740 align:start position:0%
moved around everywhere and so like the
idea<00:21:08.289><c> of</c><00:21:08.350><c> a</c><00:21:08.620><c> token</c><00:21:09.100><c> as</c><00:21:09.340><c> being</c><00:21:09.820><c> a</c><00:21:10.059><c> balance</c><00:21:10.539><c> of</c>

00:21:10.740 --> 00:21:10.750 align:start position:0%
idea of a token as being a balance of
 

00:21:10.750 --> 00:21:12.749 align:start position:0%
idea of a token as being a balance of
one<00:21:11.080><c> particular</c><00:21:11.259><c> model</c><00:21:11.860><c> with</c><00:21:11.980><c> a</c><00:21:12.009><c> contract</c><00:21:12.549><c> is</c>

00:21:12.749 --> 00:21:12.759 align:start position:0%
one particular model with a contract is
 

00:21:12.759 --> 00:21:14.100 align:start position:0%
one particular model with a contract is
not<00:21:12.879><c> something</c><00:21:13.299><c> that</c><00:21:13.330><c> can</c><00:21:13.539><c> really</c><00:21:13.690><c> survive</c>

00:21:14.100 --> 00:21:14.110 align:start position:0%
not something that can really survive
 

00:21:14.110 --> 00:21:16.619 align:start position:0%
not something that can really survive
and<00:21:14.409><c> so</c><00:21:14.529><c> you'd</c><00:21:14.740><c> expect</c><00:21:15.159><c> like</c><00:21:15.250><c> token</c><00:21:16.179><c> Holdings</c>

00:21:16.619 --> 00:21:16.629 align:start position:0%
and so you'd expect like token Holdings
 

00:21:16.629 --> 00:21:19.169 align:start position:0%
and so you'd expect like token Holdings
to<00:21:16.870><c> themselves</c><00:21:17.379><c> be</c><00:21:17.980><c> more</c><00:21:18.250><c> like</c><00:21:18.490><c> individual</c>

00:21:19.169 --> 00:21:19.179 align:start position:0%
to themselves be more like individual
 

00:21:19.179 --> 00:21:22.680 align:start position:0%
to themselves be more like individual
contracts<00:21:19.809><c> and</c><00:21:20.730><c> when</c><00:21:21.730><c> like</c><00:21:22.090><c> when</c><00:21:22.509><c> that</c>

00:21:22.680 --> 00:21:22.690 align:start position:0%
contracts and when like when that
 

00:21:22.690 --> 00:21:26.279 align:start position:0%
contracts and when like when that
happens<00:21:23.009><c> you're</c><00:21:24.009><c> pretty</c><00:21:24.279><c> much</c><00:21:24.490><c> like</c><00:21:25.179><c> it's</c><00:21:26.049><c> an</c>

00:21:26.279 --> 00:21:26.289 align:start position:0%
happens you're pretty much like it's an
 

00:21:26.289 --> 00:21:28.200 align:start position:0%
happens you're pretty much like it's an
opportunity<00:21:26.980><c> to</c><00:21:27.220><c> kind</c><00:21:27.399><c> of</c><00:21:27.580><c> reform</c><00:21:28.000><c> other</c>

00:21:28.200 --> 00:21:28.210 align:start position:0%
opportunity to kind of reform other
 

00:21:28.210 --> 00:21:29.970 align:start position:0%
opportunity to kind of reform other
things<00:21:28.600><c> about</c><00:21:28.779><c> how</c><00:21:29.019><c> the</c><00:21:29.080><c> standard</c><00:21:29.529><c> works</c><00:21:29.769><c> as</c>

00:21:29.970 --> 00:21:29.980 align:start position:0%
things about how the standard works as
 

00:21:29.980 --> 00:21:36.180 align:start position:0%
things about how the standard works as
well<00:21:32.610><c> another</c><00:21:33.610><c> question</c><00:21:34.090><c> I</c><00:21:34.389><c> had</c><00:21:34.570><c> just</c><00:21:34.990><c> to</c><00:21:35.190><c> go</c>

00:21:36.180 --> 00:21:36.190 align:start position:0%
well another question I had just to go
 

00:21:36.190 --> 00:21:41.940 align:start position:0%
well another question I had just to go
back<00:21:36.220><c> to</c><00:21:36.370><c> Justin</c><00:21:39.750><c> you</c><00:21:40.750><c> you</c><00:21:41.110><c> just</c><00:21:41.440><c> a</c><00:21:41.620><c> minute</c><00:21:41.860><c> ago</c>

00:21:41.940 --> 00:21:41.950 align:start position:0%
back to Justin you you just a minute ago
 

00:21:41.950 --> 00:21:44.100 align:start position:0%
back to Justin you you just a minute ago
mentioned<00:21:42.399><c> that</c><00:21:42.610><c> it</c><00:21:42.759><c> could</c><00:21:43.000><c> start</c><00:21:43.330><c> with</c><00:21:43.480><c> 64</c>

00:21:44.100 --> 00:21:44.110 align:start position:0%
mentioned that it could start with 64
 

00:21:44.110 --> 00:21:46.350 align:start position:0%
mentioned that it could start with 64
shards<00:21:44.500><c> previously</c><00:21:45.429><c> I</c><00:21:45.519><c> hadn't</c><00:21:45.789><c> heard</c><00:21:45.909><c> this</c><00:21:46.090><c> so</c>

00:21:46.350 --> 00:21:46.360 align:start position:0%
shards previously I hadn't heard this so
 

00:21:46.360 --> 00:21:48.090 align:start position:0%
shards previously I hadn't heard this so
can<00:21:46.690><c> you</c><00:21:46.779><c> expand</c><00:21:47.289><c> on</c><00:21:47.350><c> that</c><00:21:47.409><c> a</c><00:21:47.559><c> little</c><00:21:47.679><c> bit</c><00:21:47.889><c> more</c>

00:21:48.090 --> 00:21:48.100 align:start position:0%
can you expand on that a little bit more
 

00:21:48.100 --> 00:21:49.970 align:start position:0%
can you expand on that a little bit more
as<00:21:48.250><c> to</c><00:21:48.279><c> how</c><00:21:48.820><c> that</c><00:21:48.879><c> could</c><00:21:49.240><c> happen</c><00:21:49.389><c> because</c>

00:21:49.970 --> 00:21:49.980 align:start position:0%
as to how that could happen because
 

00:21:49.980 --> 00:21:52.619 align:start position:0%
as to how that could happen because
previously<00:21:50.980><c> the</c><00:21:51.639><c> response</c><00:21:51.970><c> was</c><00:21:52.120><c> that</c><00:21:52.179><c> it</c>

00:21:52.619 --> 00:21:52.629 align:start position:0%
previously the response was that it
 

00:21:52.629 --> 00:21:54.389 align:start position:0%
previously the response was that it
you'd<00:21:53.139><c> be</c><00:21:53.259><c> under</c><00:21:53.500><c> utilizing</c><00:21:53.919><c> it</c><00:21:54.100><c> but</c><00:21:54.220><c> is</c><00:21:54.309><c> that</c>

00:21:54.389 --> 00:21:54.399 align:start position:0%
you'd be under utilizing it but is that
 

00:21:54.399 --> 00:21:56.190 align:start position:0%
you'd be under utilizing it but is that
really<00:21:54.700><c> the</c><00:21:54.909><c> only</c><00:21:55.059><c> consideration</c><00:21:55.480><c> that</c><00:21:56.080><c> you'd</c>

00:21:56.190 --> 00:21:56.200 align:start position:0%
really the only consideration that you'd
 

00:21:56.200 --> 00:21:58.200 align:start position:0%
really the only consideration that you'd
be<00:21:56.320><c> under</c><00:21:56.830><c> utilizing</c><00:21:57.309><c> the</c><00:21:57.399><c> beacon</c><00:21:57.639><c> chain</c><00:21:57.850><c> the</c>

00:21:58.200 --> 00:21:58.210 align:start position:0%
be under utilizing the beacon chain the
 

00:21:58.210 --> 00:21:59.970 align:start position:0%
be under utilizing the beacon chain the
throughput<00:21:58.659><c> that</c><00:21:59.019><c> that's</c><00:21:59.350><c> made</c><00:21:59.500><c> available</c>

00:21:59.970 --> 00:21:59.980 align:start position:0%
throughput that that's made available
 

00:21:59.980 --> 00:22:01.769 align:start position:0%
throughput that that's made available
why<00:22:00.639><c> couldn't</c><00:22:01.059><c> we</c><00:22:01.179><c> start</c><00:22:01.419><c> with</c><00:22:01.570><c> the</c><00:22:01.629><c> lower</c>

00:22:01.769 --> 00:22:01.779 align:start position:0%
why couldn't we start with the lower
 

00:22:01.779 --> 00:22:03.659 align:start position:0%
why couldn't we start with the lower
number<00:22:02.019><c> and</c><00:22:02.139><c> then</c><00:22:02.259><c> scale</c><00:22:02.529><c> up</c><00:22:02.679><c> what</c><00:22:03.429><c> you</c><00:22:03.519><c> have</c>

00:22:03.659 --> 00:22:03.669 align:start position:0%
number and then scale up what you have
 

00:22:03.669 --> 00:22:05.789 align:start position:0%
number and then scale up what you have
like<00:22:03.879><c> validators</c><00:22:04.450><c> sitting</c><00:22:04.870><c> out</c><00:22:05.019><c> and</c><00:22:05.320><c> not</c>

00:22:05.789 --> 00:22:05.799 align:start position:0%
like validators sitting out and not
 

00:22:05.799 --> 00:22:09.600 align:start position:0%
like validators sitting out and not
really<00:22:06.299><c> activated</c><00:22:07.299><c> I</c><00:22:08.070><c> mean</c><00:22:09.070><c> the</c><00:22:09.159><c> validators</c>

00:22:09.600 --> 00:22:09.610 align:start position:0%
really activated I mean the validators
 

00:22:09.610 --> 00:22:11.700 align:start position:0%
really activated I mean the validators
do<00:22:09.759><c> all</c><00:22:09.970><c> sorts</c><00:22:10.210><c> of</c><00:22:10.269><c> things</c><00:22:10.330><c> one</c><00:22:11.289><c> of</c><00:22:11.320><c> them</c><00:22:11.559><c> is</c>

00:22:11.700 --> 00:22:11.710 align:start position:0%
do all sorts of things one of them is
 

00:22:11.710 --> 00:22:13.500 align:start position:0%
do all sorts of things one of them is
cross-linking<00:22:12.309><c> and</c><00:22:12.490><c> so</c><00:22:12.639><c> technically</c>

00:22:13.500 --> 00:22:13.510 align:start position:0%
cross-linking and so technically
 

00:22:13.510 --> 00:22:15.690 align:start position:0%
cross-linking and so technically
speaking<00:22:13.629><c> to</c><00:22:14.590><c> reduce</c><00:22:14.919><c> number</c><00:22:15.190><c> of</c><00:22:15.250><c> shards</c><00:22:15.610><c> is</c>

00:22:15.690 --> 00:22:15.700 align:start position:0%
speaking to reduce number of shards is
 

00:22:15.700 --> 00:22:16.890 align:start position:0%
speaking to reduce number of shards is
pretty<00:22:15.940><c> trivial</c><00:22:16.149><c> like</c>

00:22:16.890 --> 00:22:16.900 align:start position:0%
pretty trivial like
 

00:22:16.900 --> 00:22:19.530 align:start position:0%
pretty trivial like
when<00:22:17.380><c> they</c><00:22:17.530><c> do</c><00:22:17.590><c> the</c><00:22:17.800><c> crosslink</c><00:22:18.280><c> some</c><00:22:19.240><c> of</c><00:22:19.360><c> these</c>

00:22:19.530 --> 00:22:19.540 align:start position:0%
when they do the crosslink some of these
 

00:22:19.540 --> 00:22:21.390 align:start position:0%
when they do the crosslink some of these
cross-links<00:22:20.110><c> will</c><00:22:20.500><c> just</c><00:22:20.650><c> be</c><00:22:20.740><c> hard-coded</c><00:22:21.040><c> to</c>

00:22:21.390 --> 00:22:21.400 align:start position:0%
cross-links will just be hard-coded to
 

00:22:21.400 --> 00:22:24.480 align:start position:0%
cross-links will just be hard-coded to
zero<00:22:21.670><c> and</c><00:22:21.970><c> that</c><00:22:22.510><c> will</c><00:22:22.900><c> this</c><00:22:23.260><c> zero</c><00:22:23.559><c> hash</c><00:22:23.920><c> will</c>

00:22:24.480 --> 00:22:24.490 align:start position:0%
zero and that will this zero hash will
 

00:22:24.490 --> 00:22:26.190 align:start position:0%
zero and that will this zero hash will
mean<00:22:24.670><c> that</c><00:22:24.910><c> there's</c><00:22:25.330><c> no</c><00:22:25.510><c> data</c><00:22:25.750><c> flowing</c>

00:22:26.190 --> 00:22:26.200 align:start position:0%
mean that there's no data flowing
 

00:22:26.200 --> 00:22:30.390 align:start position:0%
mean that there's no data flowing
through<00:22:26.530><c> the</c><00:22:26.680><c> respective</c><00:22:27.430><c> shots</c><00:22:29.340><c> but</c><00:22:30.340><c> you</c>

00:22:30.390 --> 00:22:30.400 align:start position:0%
through the respective shots but you
 

00:22:30.400 --> 00:22:32.010 align:start position:0%
through the respective shots but you
know<00:22:30.610><c> these</c><00:22:30.880><c> validators</c><00:22:31.510><c> would</c><00:22:31.660><c> still</c><00:22:31.870><c> be</c>

00:22:32.010 --> 00:22:32.020 align:start position:0%
know these validators would still be
 

00:22:32.020 --> 00:22:33.630 align:start position:0%
know these validators would still be
providing<00:22:32.410><c> value</c><00:22:32.740><c> for</c><00:22:32.890><c> example</c><00:22:32.980><c> they'd</c><00:22:33.460><c> be</c>

00:22:33.630 --> 00:22:33.640 align:start position:0%
providing value for example they'd be
 

00:22:33.640 --> 00:22:35.370 align:start position:0%
providing value for example they'd be
contributing<00:22:34.240><c> towards</c><00:22:34.630><c> the</c><00:22:34.750><c> finality</c><00:22:35.020><c> of</c><00:22:35.320><c> the</c>

00:22:35.370 --> 00:22:35.380 align:start position:0%
contributing towards the finality of the
 

00:22:35.380 --> 00:22:36.750 align:start position:0%
contributing towards the finality of the
beacon<00:22:35.680><c> chain</c><00:22:35.890><c> and</c><00:22:36.160><c> all</c><00:22:36.430><c> sorts</c><00:22:36.640><c> of</c><00:22:36.670><c> other</c>

00:22:36.750 --> 00:22:36.760 align:start position:0%
beacon chain and all sorts of other
 

00:22:36.760 --> 00:22:41.130 align:start position:0%
beacon chain and all sorts of other
things<00:22:37.090><c> I</c><00:22:38.850><c> mean</c><00:22:39.850><c> one</c><00:22:40.059><c> one</c><00:22:40.390><c> good</c><00:22:40.420><c> reason</c><00:22:40.930><c> to</c>

00:22:41.130 --> 00:22:41.140 align:start position:0%
things I mean one one good reason to
 

00:22:41.140 --> 00:22:43.440 align:start position:0%
things I mean one one good reason to
start<00:22:41.500><c> with</c><00:22:41.710><c> lower</c><00:22:42.010><c> shots</c><00:22:42.400><c> is</c><00:22:42.730><c> in</c><00:22:43.270><c> lower</c>

00:22:43.440 --> 00:22:43.450 align:start position:0%
start with lower shots is in lower
 

00:22:43.450 --> 00:22:45.600 align:start position:0%
start with lower shots is in lower
counties<00:22:44.020><c> that</c><00:22:44.320><c> you</c><00:22:44.740><c> know</c><00:22:44.830><c> maybe</c><00:22:45.309><c> more</c>

00:22:45.600 --> 00:22:45.610 align:start position:0%
counties that you know maybe more
 

00:22:45.610 --> 00:22:47.370 align:start position:0%
counties that you know maybe more
network<00:22:46.059><c> stability</c><00:22:46.540><c> we</c><00:22:46.750><c> wouldn't</c><00:22:46.990><c> have</c><00:22:47.170><c> so</c>

00:22:47.370 --> 00:22:47.380 align:start position:0%
network stability we wouldn't have so
 

00:22:47.380 --> 00:22:50.640 align:start position:0%
network stability we wouldn't have so
many<00:22:47.559><c> short</c><00:22:48.130><c> subnets</c><00:22:49.120><c> that</c><00:22:50.080><c> that's</c><00:22:50.380><c> a</c><00:22:50.470><c> nice</c>

00:22:50.640 --> 00:22:50.650 align:start position:0%
many short subnets that that's a nice
 

00:22:50.650 --> 00:22:55.680 align:start position:0%
many short subnets that that's a nice
thing<00:22:50.920><c> was</c><00:22:52.350><c> also</c><00:22:53.350><c> it</c><00:22:53.470><c> allows</c><00:22:53.890><c> for</c><00:22:54.690><c> services</c>

00:22:55.680 --> 00:22:55.690 align:start position:0%
thing was also it allows for services
 

00:22:55.690 --> 00:22:57.450 align:start position:0%
thing was also it allows for services
like<00:22:55.929><c> like</c><00:22:56.170><c> block</c><00:22:56.410><c> explorers</c><00:22:56.950><c> to</c><00:22:57.130><c> give</c><00:22:57.280><c> them</c><00:22:57.400><c> a</c>

00:22:57.450 --> 00:22:57.460 align:start position:0%
like like block explorers to give them a
 

00:22:57.460 --> 00:23:00.060 align:start position:0%
like like block explorers to give them a
bit<00:22:57.580><c> of</c><00:22:57.670><c> breathing</c><00:22:57.910><c> space</c><00:22:58.090><c> to</c><00:22:58.960><c> ramp</c><00:22:59.440><c> up</c><00:22:59.620><c> to</c><00:22:59.860><c> to</c>

00:23:00.060 --> 00:23:00.070 align:start position:0%
bit of breathing space to ramp up to to
 

00:23:00.070 --> 00:23:03.450 align:start position:0%
bit of breathing space to ramp up to to
bigger<00:23:00.250><c> numbers</c><00:23:00.640><c> as</c><00:23:01.150><c> to</c><00:23:01.360><c> how</c><00:23:01.570><c> we</c><00:23:02.070><c> increase</c><00:23:03.070><c> to</c>

00:23:03.450 --> 00:23:03.460 align:start position:0%
bigger numbers as to how we increase to
 

00:23:03.460 --> 00:23:06.180 align:start position:0%
bigger numbers as to how we increase to
higher<00:23:04.179><c> number</c><00:23:04.540><c> of</c><00:23:04.570><c> shots</c><00:23:04.840><c> we</c><00:23:05.620><c> can</c><00:23:05.800><c> have</c><00:23:06.040><c> some</c>

00:23:06.180 --> 00:23:06.190 align:start position:0%
higher number of shots we can have some
 

00:23:06.190 --> 00:23:08.880 align:start position:0%
higher number of shots we can have some
sort<00:23:06.400><c> of</c><00:23:06.490><c> automatic</c><00:23:07.030><c> schedule</c><00:23:07.660><c> or</c><00:23:08.110><c> we</c><00:23:08.620><c> could</c>

00:23:08.880 --> 00:23:08.890 align:start position:0%
sort of automatic schedule or we could
 

00:23:08.890 --> 00:23:11.220 align:start position:0%
sort of automatic schedule or we could
kind<00:23:09.520><c> of</c><00:23:09.550><c> push</c><00:23:09.820><c> this</c><00:23:10.000><c> to</c><00:23:10.150><c> this</c><00:23:10.270><c> also</c><00:23:10.510><c> social</c>

00:23:11.220 --> 00:23:11.230 align:start position:0%
kind of push this to this also social
 

00:23:11.230 --> 00:23:14.940 align:start position:0%
kind of push this to this also social
consensus<00:23:11.710><c> layer</c><00:23:12.150><c> with</c><00:23:13.150><c> with</c><00:23:13.510><c> hot</c><00:23:13.690><c> folks</c><00:23:13.990><c> so</c>

00:23:14.940 --> 00:23:14.950 align:start position:0%
consensus layer with with hot folks so
 

00:23:14.950 --> 00:23:17.070 align:start position:0%
consensus layer with with hot folks so
this<00:23:15.370><c> is</c><00:23:15.550><c> a</c><00:23:15.580><c> possibility</c><00:23:16.240><c> that</c><00:23:16.450><c> it</c><00:23:16.870><c> could</c>

00:23:17.070 --> 00:23:17.080 align:start position:0%
this is a possibility that it could
 

00:23:17.080 --> 00:23:19.770 align:start position:0%
this is a possibility that it could
start<00:23:17.380><c> much</c><00:23:17.800><c> lower</c><00:23:18.160><c> yes</c><00:23:18.970><c> and</c><00:23:19.240><c> I</c><00:23:19.300><c> think</c><00:23:19.360><c> it's</c>

00:23:19.770 --> 00:23:19.780 align:start position:0%
start much lower yes and I think it's
 

00:23:19.780 --> 00:23:21.419 align:start position:0%
start much lower yes and I think it's
the<00:23:20.080><c> natural</c><00:23:20.290><c> thing</c><00:23:20.679><c> to</c><00:23:20.800><c> do</c><00:23:20.920><c> I</c><00:23:20.950><c> think</c><00:23:21.070><c> right</c>

00:23:21.419 --> 00:23:21.429 align:start position:0%
the natural thing to do I think right
 

00:23:21.429 --> 00:23:22.950 align:start position:0%
the natural thing to do I think right
yeah<00:23:21.700><c> yeah</c><00:23:21.880><c> because</c><00:23:21.970><c> I've</c><00:23:22.330><c> heard</c><00:23:22.690><c> for</c><00:23:22.870><c> many</c>

00:23:22.950 --> 00:23:22.960 align:start position:0%
yeah yeah because I've heard for many
 

00:23:22.960 --> 00:23:24.510 align:start position:0%
yeah yeah because I've heard for many
people<00:23:23.320><c> and</c><00:23:23.500><c> I'm</c><00:23:23.590><c> sympathetic</c><00:23:23.860><c> to</c><00:23:24.309><c> the</c><00:23:24.490><c> idea</c>

00:23:24.510 --> 00:23:24.520 align:start position:0%
people and I'm sympathetic to the idea
 

00:23:24.520 --> 00:23:29.549 align:start position:0%
people and I'm sympathetic to the idea
that<00:23:26.280><c> block</c><00:23:27.280><c> space</c><00:23:27.840><c> should</c><00:23:28.840><c> be</c><00:23:28.900><c> economically</c>

00:23:29.549 --> 00:23:29.559 align:start position:0%
that block space should be economically
 

00:23:29.559 --> 00:23:32.180 align:start position:0%
that block space should be economically
valued<00:23:30.040><c> or</c><00:23:30.250><c> it</c><00:23:30.490><c> has</c><00:23:30.820><c> economic</c><00:23:31.480><c> implications</c>

00:23:32.180 --> 00:23:32.190 align:start position:0%
valued or it has economic implications
 

00:23:32.190 --> 00:23:34.830 align:start position:0%
valued or it has economic implications
and<00:23:33.190><c> it</c><00:23:33.309><c> should</c><00:23:33.460><c> be</c><00:23:33.550><c> valued</c><00:23:33.820><c> highly</c><00:23:34.450><c> and</c><00:23:34.720><c> if</c>

00:23:34.830 --> 00:23:34.840 align:start position:0%
and it should be valued highly and if
 

00:23:34.840 --> 00:23:37.740 align:start position:0%
and it should be valued highly and if
you<00:23:34.929><c> have</c><00:23:35.110><c> a</c><00:23:35.520><c> and</c><00:23:36.520><c> a</c><00:23:36.790><c> bunt</c><00:23:36.970><c> overabundance</c><00:23:37.630><c> of</c>

00:23:37.740 --> 00:23:37.750 align:start position:0%
you have a and a bunt overabundance of
 

00:23:37.750 --> 00:23:39.960 align:start position:0%
you have a and a bunt overabundance of
it<00:23:37.900><c> then</c><00:23:38.140><c> you</c><00:23:38.260><c> end</c><00:23:38.410><c> up</c><00:23:38.850><c> devaluing</c><00:23:39.850><c> the</c>

00:23:39.960 --> 00:23:39.970 align:start position:0%
it then you end up devaluing the
 

00:23:39.970 --> 00:23:41.520 align:start position:0%
it then you end up devaluing the
transactions<00:23:40.480><c> that</c><00:23:40.570><c> are</c><00:23:40.690><c> contained</c><00:23:41.080><c> in</c><00:23:41.200><c> it</c><00:23:41.350><c> I</c>

00:23:41.520 --> 00:23:41.530 align:start position:0%
transactions that are contained in it I
 

00:23:41.530 --> 00:23:43.620 align:start position:0%
transactions that are contained in it I
mean<00:23:42.130><c> that's</c><00:23:42.309><c> a</c><00:23:42.340><c> good</c><00:23:42.490><c> point</c><00:23:42.670><c> if</c><00:23:43.030><c> we</c><00:23:43.240><c> have</c><00:23:43.360><c> few</c>

00:23:43.620 --> 00:23:43.630 align:start position:0%
mean that's a good point if we have few
 

00:23:43.630 --> 00:23:45.510 align:start position:0%
mean that's a good point if we have few
fewer<00:23:44.020><c> shots</c><00:23:44.260><c> in</c><00:23:44.590><c> music</c><00:23:44.920><c> that</c><00:23:45.010><c> we</c><00:23:45.130><c> can</c><00:23:45.280><c> really</c>

00:23:45.510 --> 00:23:45.520 align:start position:0%
fewer shots in music that we can really
 

00:23:45.520 --> 00:23:48.480 align:start position:0%
fewer shots in music that we can really
test<00:23:46.000><c> the</c><00:23:46.720><c> new</c><00:23:46.900><c> you</c><00:23:47.530><c> know</c><00:23:47.620><c> gas</c><00:23:47.830><c> market</c><00:23:48.309><c> with</c>

00:23:48.480 --> 00:23:48.490 align:start position:0%
test the new you know gas market with
 

00:23:48.490 --> 00:23:51.720 align:start position:0%
test the new you know gas market with
VIP<00:23:48.760><c> one</c><00:23:49.179><c> one</c><00:23:49.330><c> five</c><00:23:50.170><c> nine</c><00:23:50.429><c> which</c><00:23:51.429><c> by</c><00:23:51.580><c> the</c><00:23:51.640><c> way</c>

00:23:51.720 --> 00:23:51.730 align:start position:0%
VIP one one five nine which by the way
 

00:23:51.730 --> 00:23:53.760 align:start position:0%
VIP one one five nine which by the way
is<00:23:51.910><c> awesome</c><00:23:52.300><c> it</c><00:23:52.450><c> just</c><00:23:52.690><c> seems</c><00:23:53.170><c> to</c><00:23:53.320><c> solve</c><00:23:53.590><c> so</c>

00:23:53.760 --> 00:23:53.770 align:start position:0%
is awesome it just seems to solve so
 

00:23:53.770 --> 00:24:01.470 align:start position:0%
is awesome it just seems to solve so
many<00:23:53.830><c> problems</c>

00:24:01.470 --> 00:24:01.480 align:start position:0%
 
 

00:24:01.480 --> 00:24:04.270 align:start position:0%
 
hi<00:24:02.480><c> I'm</c><00:24:02.660><c> Kent</c><00:24:02.930><c> I'm</c><00:24:03.140><c> the</c><00:24:03.320><c> head</c><00:24:03.470><c> of</c><00:24:03.500><c> R&amp;D</c><00:24:03.740><c> at</c><00:24:04.250><c> a</c>

00:24:04.270 --> 00:24:04.280 align:start position:0%
hi I'm Kent I'm the head of R&amp;D at a
 

00:24:04.280 --> 00:24:06.310 align:start position:0%
hi I'm Kent I'm the head of R&amp;D at a
shape<00:24:04.790><c> shift</c><00:24:05.060><c> and</c><00:24:05.360><c> I'd</c><00:24:05.450><c> love</c><00:24:05.570><c> to</c><00:24:05.630><c> hear</c><00:24:05.900><c> more</c>

00:24:06.310 --> 00:24:06.320 align:start position:0%
shape shift and I'd love to hear more
 

00:24:06.320 --> 00:24:08.560 align:start position:0%
shape shift and I'd love to hear more
from<00:24:06.440><c> you</c><00:24:06.590><c> Vitalik</c><00:24:07.100><c> about</c><00:24:07.370><c> the</c><00:24:07.580><c> use</c><00:24:07.760><c> of</c><00:24:07.790><c> phase</c>

00:24:08.560 --> 00:24:08.570 align:start position:0%
from you Vitalik about the use of phase
 

00:24:08.570 --> 00:24:10.870 align:start position:0%
from you Vitalik about the use of phase
one<00:24:08.780><c> and</c><00:24:08.990><c> the</c><00:24:09.050><c> data</c><00:24:09.230><c> availability</c><00:24:10.160><c> context</c>

00:24:10.870 --> 00:24:10.880 align:start position:0%
one and the data availability context
 

00:24:10.880 --> 00:24:13.690 align:start position:0%
one and the data availability context
this<00:24:11.150><c> excites</c><00:24:11.540><c> me</c><00:24:11.720><c> a</c><00:24:11.750><c> lot</c><00:24:11.930><c> because</c><00:24:12.190><c> it</c><00:24:13.190><c> seems</c>

00:24:13.690 --> 00:24:13.700 align:start position:0%
this excites me a lot because it seems
 

00:24:13.700 --> 00:24:15.280 align:start position:0%
this excites me a lot because it seems
to<00:24:13.820><c> me</c><00:24:13.880><c> that</c><00:24:14.120><c> a</c><00:24:14.150><c> lot</c><00:24:14.480><c> of</c><00:24:14.510><c> the</c><00:24:14.630><c> really</c><00:24:14.750><c> vexing</c>

00:24:15.280 --> 00:24:15.290 align:start position:0%
to me that a lot of the really vexing
 

00:24:15.290 --> 00:24:17.950 align:start position:0%
to me that a lot of the really vexing
challenges<00:24:15.320><c> with</c><00:24:16.100><c> e</c><00:24:16.130><c> 2.0</c><00:24:16.790><c> are</c><00:24:17.390><c> are</c><00:24:17.600><c> in</c><00:24:17.750><c> phase</c>

00:24:17.950 --> 00:24:17.960 align:start position:0%
challenges with e 2.0 are are in phase
 

00:24:17.960 --> 00:24:20.050 align:start position:0%
challenges with e 2.0 are are in phase
two<00:24:18.290><c> with</c><00:24:18.620><c> the</c><00:24:18.800><c> Chardonnay</c><00:24:19.040><c> ease</c><00:24:19.490><c> and</c>

00:24:20.050 --> 00:24:20.060 align:start position:0%
two with the Chardonnay ease and
 

00:24:20.060 --> 00:24:21.340 align:start position:0%
two with the Chardonnay ease and
Crossgate<00:24:20.570><c> trot</c><00:24:20.900><c> cross</c><00:24:21.140><c> during</c>

00:24:21.340 --> 00:24:21.350 align:start position:0%
Crossgate trot cross during
 

00:24:21.350 --> 00:24:23.860 align:start position:0%
Crossgate trot cross during
communication<00:24:22.270><c> this</c><00:24:23.270><c> could</c><00:24:23.510><c> effectively</c>

00:24:23.860 --> 00:24:23.870 align:start position:0%
communication this could effectively
 

00:24:23.870 --> 00:24:25.750 align:start position:0%
communication this could effectively
really<00:24:24.320><c> give</c><00:24:24.470><c> us</c><00:24:24.590><c> a</c><00:24:24.710><c> very</c><00:24:25.010><c> nice</c><00:24:25.190><c> bridge</c><00:24:25.490><c> where</c>

00:24:25.750 --> 00:24:25.760 align:start position:0%
really give us a very nice bridge where
 

00:24:25.760 --> 00:24:27.640 align:start position:0%
really give us a very nice bridge where
we<00:24:25.790><c> have</c><00:24:26.030><c> layer</c><00:24:26.420><c> two</c><00:24:26.600><c> solutions</c><00:24:27.110><c> with</c><00:24:27.260><c> Starks</c>

00:24:27.640 --> 00:24:27.650 align:start position:0%
we have layer two solutions with Starks
 

00:24:27.650 --> 00:24:30.010 align:start position:0%
we have layer two solutions with Starks
and<00:24:27.860><c> snarks</c><00:24:28.330><c> so</c><00:24:29.330><c> kind</c><00:24:29.510><c> of</c><00:24:29.540><c> a</c><00:24:29.660><c> two-fold</c>

00:24:30.010 --> 00:24:30.020 align:start position:0%
and snarks so kind of a two-fold
 

00:24:30.020 --> 00:24:33.790 align:start position:0%
and snarks so kind of a two-fold
question<00:24:30.130><c> to</c><00:24:31.130><c> what</c><00:24:31.310><c> what</c><00:24:31.610><c> extent</c><00:24:32.060><c> is</c><00:24:32.590><c> the</c><00:24:33.590><c> data</c>

00:24:33.790 --> 00:24:33.800 align:start position:0%
question to what what extent is the data
 

00:24:33.800 --> 00:24:36.010 align:start position:0%
question to what what extent is the data
availability<00:24:34.400><c> aspect</c><00:24:35.090><c> being</c><00:24:35.270><c> Specht</c><00:24:35.690><c> out</c><00:24:35.840><c> and</c>

00:24:36.010 --> 00:24:36.020 align:start position:0%
availability aspect being Specht out and
 

00:24:36.020 --> 00:24:37.990 align:start position:0%
availability aspect being Specht out and
built<00:24:36.200><c> with</c><00:24:36.410><c> those</c><00:24:36.680><c> particular</c><00:24:36.950><c> use</c><00:24:37.460><c> cases</c><00:24:37.730><c> in</c>

00:24:37.990 --> 00:24:38.000 align:start position:0%
built with those particular use cases in
 

00:24:38.000 --> 00:24:40.510 align:start position:0%
built with those particular use cases in
mind<00:24:38.180><c> and</c><00:24:38.390><c> also</c><00:24:38.990><c> if</c><00:24:39.200><c> you</c><00:24:39.320><c> could</c><00:24:39.490><c> shed</c><00:24:40.490><c> some</c>

00:24:40.510 --> 00:24:40.520 align:start position:0%
mind and also if you could shed some
 

00:24:40.520 --> 00:24:43.680 align:start position:0%
mind and also if you could shed some
light<00:24:40.640><c> on</c><00:24:40.970><c> the</c><00:24:41.090><c> big</c><00:24:41.300><c> research</c><00:24:42.100><c> challenges</c><00:24:43.100><c> and</c>

00:24:43.680 --> 00:24:43.690 align:start position:0%
light on the big research challenges and
 

00:24:43.690 --> 00:24:47.700 align:start position:0%
light on the big research challenges and
questions<00:24:44.690><c> as</c><00:24:44.930><c> that</c><00:24:45.710><c> aspect</c><00:24:46.190><c> is</c><00:24:46.370><c> built</c><00:24:46.670><c> out</c>

00:24:47.700 --> 00:24:47.710 align:start position:0%
questions as that aspect is built out
 

00:24:47.710 --> 00:24:50.920 align:start position:0%
questions as that aspect is built out
sure<00:24:48.710><c> so</c><00:24:49.460><c> their</c><00:24:49.760><c> existing</c><00:24:50.360><c> a</c><00:24:50.480><c> scalability</c>

00:24:50.920 --> 00:24:50.930 align:start position:0%
sure so their existing a scalability
 

00:24:50.930 --> 00:24:53.470 align:start position:0%
sure so their existing a scalability
solution<00:24:51.590><c> already</c><00:24:51.920><c> like</c><00:24:52.220><c> plasmid</c><00:24:53.150><c> group</c><00:24:53.360><c> is</c>

00:24:53.470 --> 00:24:53.480 align:start position:0%
solution already like plasmid group is
 

00:24:53.480 --> 00:24:57.010 align:start position:0%
solution already like plasmid group is
doing<00:24:53.780><c> a</c><00:24:53.900><c> demo</c><00:24:54.410><c> of</c><00:24:54.440><c> it</c><00:24:54.740><c> like</c><00:24:55.010><c> a</c><00:24:55.540><c> theory</c><00:24:56.540><c> I</c><00:24:56.960><c> think</c>

00:24:57.010 --> 00:24:57.020 align:start position:0%
doing a demo of it like a theory I think
 

00:24:57.020 --> 00:24:59.170 align:start position:0%
doing a demo of it like a theory I think
at<00:24:57.260><c> Def</c><00:24:57.500><c> Con</c><00:24:57.530><c> they</c><00:24:58.130><c> called</c><00:24:58.370><c> them</c><00:24:58.580><c> optimistic</c>

00:24:59.170 --> 00:24:59.180 align:start position:0%
at Def Con they called them optimistic
 

00:24:59.180 --> 00:25:01.660 align:start position:0%
at Def Con they called them optimistic
roll-up<00:24:59.540><c> an</c><00:24:59.720><c> optimistic</c><00:25:00.560><c> roll-up</c><00:25:01.100><c> basically</c>

00:25:01.660 --> 00:25:01.670 align:start position:0%
roll-up an optimistic roll-up basically
 

00:25:01.670 --> 00:25:05.380 align:start position:0%
roll-up an optimistic roll-up basically
works<00:25:01.940><c> by</c><00:25:02.350><c> publishing</c><00:25:03.670><c> transaction</c><00:25:04.670><c> data</c><00:25:05.000><c> in</c>

00:25:05.380 --> 00:25:05.390 align:start position:0%
works by publishing transaction data in
 

00:25:05.390 --> 00:25:08.080 align:start position:0%
works by publishing transaction data in
a<00:25:05.540><c> very</c><00:25:05.810><c> compressed</c><00:25:06.260><c> form</c><00:25:06.620><c> on</c><00:25:06.830><c> chain</c><00:25:07.160><c> but</c><00:25:07.730><c> not</c>

00:25:08.080 --> 00:25:08.090 align:start position:0%
a very compressed form on chain but not
 

00:25:08.090 --> 00:25:11.670 align:start position:0%
a very compressed form on chain but not
doing<00:25:08.660><c> like</c><00:25:08.960><c> the</c><00:25:09.260><c> execution</c><00:25:09.830><c> on</c><00:25:10.280><c> chain</c><00:25:10.520><c> and</c>

00:25:11.670 --> 00:25:11.680 align:start position:0%
doing like the execution on chain and
 

00:25:11.680 --> 00:25:15.850 align:start position:0%
doing like the execution on chain and
optimistic<00:25:12.910><c> because</c><00:25:13.910><c> you</c><00:25:14.750><c> avoid</c><00:25:14.900><c> executing</c>

00:25:15.850 --> 00:25:15.860 align:start position:0%
optimistic because you avoid executing
 

00:25:15.860 --> 00:25:17.440 align:start position:0%
optimistic because you avoid executing
you<00:25:15.950><c> only</c><00:25:16.100><c> have</c><00:25:16.310><c> a</c><00:25:16.340><c> little</c><00:25:16.580><c> bit</c><00:25:16.730><c> of</c><00:25:16.880><c> data</c><00:25:17.060><c> and</c>

00:25:17.440 --> 00:25:17.450 align:start position:0%
you only have a little bit of data and
 

00:25:17.450 --> 00:25:19.630 align:start position:0%
you only have a little bit of data and
especially<00:25:18.170><c> because</c><00:25:18.500><c> data</c><00:25:18.890><c> is</c><00:25:19.040><c> relative</c><00:25:19.550><c> is</c>

00:25:19.630 --> 00:25:19.640 align:start position:0%
especially because data is relative is
 

00:25:19.640 --> 00:25:22.510 align:start position:0%
especially because data is relative is
very<00:25:20.180><c> cheap</c><00:25:20.360><c> relative</c><00:25:20.750><c> to</c><00:25:20.870><c> computation</c><00:25:21.590><c> even</c>

00:25:22.510 --> 00:25:22.520 align:start position:0%
very cheap relative to computation even
 

00:25:22.520 --> 00:25:24.280 align:start position:0%
very cheap relative to computation even
on<00:25:22.760><c> the</c><00:25:22.970><c> East</c><00:25:23.120><c> one</c><00:25:23.390><c> system</c><00:25:23.840><c> you</c><00:25:23.960><c> can</c><00:25:24.140><c> achieve</c>

00:25:24.280 --> 00:25:24.290 align:start position:0%
on the East one system you can achieve
 

00:25:24.290 --> 00:25:28.870 align:start position:0%
on the East one system you can achieve
scale<00:25:24.800><c> a</c><00:25:25.540><c> scalability</c><00:25:26.540><c> of</c><00:25:26.810><c> like</c><00:25:27.500><c> 10</c><00:25:28.100><c> to</c><00:25:28.250><c> 100</c><00:25:28.700><c> X</c>

00:25:28.870 --> 00:25:28.880 align:start position:0%
scale a scalability of like 10 to 100 X
 

00:25:28.880 --> 00:25:30.640 align:start position:0%
scale a scalability of like 10 to 100 X
like<00:25:29.180><c> the</c><00:25:29.360><c> theoretical</c><00:25:29.900><c> max</c><00:25:30.080><c> throughput</c><00:25:30.350><c> is</c>

00:25:30.640 --> 00:25:30.650 align:start position:0%
like the theoretical max throughput is
 

00:25:30.650 --> 00:25:33.220 align:start position:0%
like the theoretical max throughput is
somewhere<00:25:30.920><c> around</c><00:25:31.040><c> 3000</c><00:25:31.910><c> CPS</c><00:25:32.750><c> if</c><00:25:33.020><c> like</c>

00:25:33.220 --> 00:25:33.230 align:start position:0%
somewhere around 3000 CPS if like
 

00:25:33.230 --> 00:25:35.230 align:start position:0%
somewhere around 3000 CPS if like
everyone<00:25:33.680><c> were</c><00:25:33.830><c> to</c><00:25:33.890><c> just</c><00:25:34.220><c> use</c><00:25:34.520><c> optimistic</c>

00:25:35.230 --> 00:25:35.240 align:start position:0%
everyone were to just use optimistic
 

00:25:35.240 --> 00:25:38.830 align:start position:0%
everyone were to just use optimistic
roll-up<00:25:35.570><c> for</c><00:25:35.780><c> moving</c><00:25:35.930><c> coins</c><00:25:36.230><c> around</c><00:25:36.410><c> and</c><00:25:37.360><c> if</c><00:25:38.360><c> 2</c>

00:25:38.830 --> 00:25:38.840 align:start position:0%
roll-up for moving coins around and if 2
 

00:25:38.840 --> 00:25:42.070 align:start position:0%
roll-up for moving coins around and if 2
could<00:25:39.230><c> potentially</c><00:25:39.950><c> take</c><00:25:40.700><c> make</c><00:25:41.180><c> optimistic</c>

00:25:42.070 --> 00:25:42.080 align:start position:0%
could potentially take make optimistic
 

00:25:42.080 --> 00:25:44.280 align:start position:0%
could potentially take make optimistic
roll-up<00:25:42.500><c> even</c><00:25:42.860><c> more</c><00:25:43.040><c> powerful</c><00:25:43.640><c> because</c>

00:25:44.280 --> 00:25:44.290 align:start position:0%
roll-up even more powerful because
 

00:25:44.290 --> 00:25:46.990 align:start position:0%
roll-up even more powerful because
instead<00:25:45.290><c> of</c><00:25:45.440><c> using</c><00:25:45.800><c> the</c><00:25:46.280><c> ease</c><00:25:46.430><c> one</c><00:25:46.700><c> chains</c>

00:25:46.990 --> 00:25:47.000 align:start position:0%
instead of using the ease one chains
 

00:25:47.000 --> 00:25:49.240 align:start position:0%
instead of using the ease one chains
data<00:25:47.300><c> store</c><00:25:47.630><c> off</c><00:25:47.780><c> the</c><00:25:47.960><c> store</c><00:25:48.230><c> that's</c><00:25:48.920><c> a</c><00:25:49.040><c> store</c>

00:25:49.240 --> 00:25:49.250 align:start position:0%
data store off the store that's a store
 

00:25:49.250 --> 00:25:50.530 align:start position:0%
data store off the store that's a store
this<00:25:49.400><c> data</c><00:25:49.460><c> to</c><00:25:49.940><c> make</c><00:25:50.030><c> sure</c><00:25:50.090><c> that</c><00:25:50.420><c> it's</c>

00:25:50.530 --> 00:25:50.540 align:start position:0%
this data to make sure that it's
 

00:25:50.540 --> 00:25:52.030 align:start position:0%
this data to make sure that it's
available<00:25:50.690><c> you</c><00:25:51.050><c> would</c><00:25:51.290><c> be</c><00:25:51.410><c> storing</c><00:25:51.830><c> that</c><00:25:51.980><c> data</c>

00:25:52.030 --> 00:25:52.040 align:start position:0%
available you would be storing that data
 

00:25:52.040 --> 00:25:54.100 align:start position:0%
available you would be storing that data
on<00:25:52.490><c> these</c><00:25:52.640><c> two</c><00:25:52.910><c> chain</c><00:25:53.180><c> and</c><00:25:53.840><c> you</c><00:25:53.990><c> would</c>

00:25:54.100 --> 00:25:54.110 align:start position:0%
on these two chain and you would
 

00:25:54.110 --> 00:25:56.200 align:start position:0%
on these two chain and you would
basically<00:25:54.260><c> kind</c><00:25:54.920><c> of</c><00:25:55.040><c> feed</c><00:25:55.370><c> into</c><00:25:55.730><c> these</c><00:25:55.850><c> one</c>

00:25:56.200 --> 00:25:56.210 align:start position:0%
basically kind of feed into these one
 

00:25:56.210 --> 00:25:58.720 align:start position:0%
basically kind of feed into these one
side<00:25:56.450><c> merkel</c><00:25:56.930><c> proofs</c><00:25:57.200><c> that</c><00:25:57.350><c> prove</c><00:25:57.800><c> that</c><00:25:58.220><c> hey</c>

00:25:58.720 --> 00:25:58.730 align:start position:0%
side merkel proofs that prove that hey
 

00:25:58.730 --> 00:26:01.180 align:start position:0%
side merkel proofs that prove that hey
this<00:25:59.030><c> data</c><00:25:59.240><c> actually</c><00:25:59.690><c> has</c><00:25:59.870><c> been</c><00:26:00.080><c> accepted</c><00:26:01.070><c> by</c>

00:26:01.180 --> 00:26:01.190 align:start position:0%
this data actually has been accepted by
 

00:26:01.190 --> 00:26:03.910 align:start position:0%
this data actually has been accepted by
youth<00:26:01.340><c> too</c><00:26:01.610><c> and</c><00:26:01.940><c> so</c><00:26:02.450><c> if</c><00:26:02.630><c> you</c><00:26:02.780><c> imagine</c><00:26:03.350><c> like</c>

00:26:03.910 --> 00:26:03.920 align:start position:0%
youth too and so if you imagine like
 

00:26:03.920 --> 00:26:05.680 align:start position:0%
youth too and so if you imagine like
even<00:26:04.220><c> if</c><00:26:04.340><c> say</c><00:26:04.520><c> we</c><00:26:04.670><c> reduce</c><00:26:04.910><c> the</c><00:26:05.090><c> chard</c><00:26:05.300><c> kale</c><00:26:05.510><c> and</c>

00:26:05.680 --> 00:26:05.690 align:start position:0%
even if say we reduce the chard kale and
 

00:26:05.690 --> 00:26:07.630 align:start position:0%
even if say we reduce the chard kale and
some<00:26:05.810><c> they're</c><00:26:06.020><c> like</c><00:26:06.170><c> even</c><00:26:06.470><c> the</c><00:26:07.040><c> scalability</c>

00:26:07.630 --> 00:26:07.640 align:start position:0%
some they're like even the scalability
 

00:26:07.640 --> 00:26:09.130 align:start position:0%
some they're like even the scalability
at<00:26:07.730><c> the</c><00:26:07.790><c> beginning</c><00:26:08.120><c> is</c><00:26:08.240><c> toward</c><00:26:08.540><c> the</c><00:26:08.600><c> lower</c><00:26:08.840><c> end</c>

00:26:09.130 --> 00:26:09.140 align:start position:0%
at the beginning is toward the lower end
 

00:26:09.140 --> 00:26:10.960 align:start position:0%
at the beginning is toward the lower end
and<00:26:09.320><c> say</c><00:26:09.500><c> there</c><00:26:09.650><c> is</c><00:26:09.740><c> one</c><00:26:09.920><c> megabyte</c><00:26:10.340><c> per</c><00:26:10.580><c> second</c>

00:26:10.960 --> 00:26:10.970 align:start position:0%
and say there is one megabyte per second
 

00:26:10.970 --> 00:26:11.619 align:start position:0%
and say there is one megabyte per second
of<00:26:11.090><c> data</c>

00:26:11.619 --> 00:26:11.629 align:start position:0%
of data
 

00:26:11.629 --> 00:26:14.629 align:start position:0%
of data
then<00:26:12.629><c> if</c><00:26:13.139><c> we</c><00:26:13.409><c> talk</c><00:26:13.590><c> about</c><00:26:13.649><c> say</c><00:26:14.129><c> 20</c><00:26:14.489><c> buy</c>

00:26:14.629 --> 00:26:14.639 align:start position:0%
then if we talk about say 20 buy
 

00:26:14.639 --> 00:26:17.720 align:start position:0%
then if we talk about say 20 buy
transactions<00:26:15.450><c> then</c><00:26:15.720><c> that's</c><00:26:16.730><c> 50,000</c>

00:26:17.720 --> 00:26:17.730 align:start position:0%
transactions then that's 50,000
 

00:26:17.730 --> 00:26:20.180 align:start position:0%
transactions then that's 50,000
transactions<00:26:18.299><c> a</c><00:26:18.389><c> second</c><00:26:18.840><c> that</c><00:26:19.080><c> could</c><00:26:19.499><c> fit</c>

00:26:20.180 --> 00:26:20.190 align:start position:0%
transactions a second that could fit
 

00:26:20.190 --> 00:26:24.169 align:start position:0%
transactions a second that could fit
inside<00:26:20.369><c> of</c><00:26:20.610><c> a</c><00:26:20.820><c> rollup</c><00:26:21.029><c> and</c><00:26:21.919><c> that's</c><00:26:23.029><c> and</c><00:26:24.029><c> it's</c>

00:26:24.169 --> 00:26:24.179 align:start position:0%
inside of a rollup and that's and it's
 

00:26:24.179 --> 00:26:29.269 align:start position:0%
inside of a rollup and that's and it's
like<00:26:24.360><c> a</c><00:26:24.840><c> system</c><00:26:25.710><c> that</c><00:26:25.980><c> could</c><00:26:26.789><c> like</c><00:26:27.350><c> the</c><00:26:28.350><c> logic</c>

00:26:29.269 --> 00:26:29.279 align:start position:0%
like a system that could like the logic
 

00:26:29.279 --> 00:26:30.830 align:start position:0%
like a system that could like the logic
for<00:26:29.460><c> for</c><00:26:29.909><c> kind</c><00:26:30.149><c> of</c><00:26:30.210><c> doing</c><00:26:30.480><c> it</c><00:26:30.600><c> is</c><00:26:30.690><c> something</c>

00:26:30.830 --> 00:26:30.840 align:start position:0%
for for kind of doing it is something
 

00:26:30.840 --> 00:26:33.259 align:start position:0%
for for kind of doing it is something
that<00:26:31.019><c> is</c><00:26:31.289><c> being</c><00:26:31.499><c> developed</c><00:26:31.889><c> already</c><00:26:32.249><c> I</c><00:26:32.700><c> think</c>

00:26:33.259 --> 00:26:33.269 align:start position:0%
that is being developed already I think
 

00:26:33.269 --> 00:26:35.539 align:start position:0%
that is being developed already I think
the<00:26:33.869><c> main</c><00:26:34.080><c> challenge</c><00:26:34.110><c> that</c><00:26:35.039><c> would</c><00:26:35.159><c> need</c><00:26:35.309><c> to</c><00:26:35.369><c> be</c>

00:26:35.539 --> 00:26:35.549 align:start position:0%
the main challenge that would need to be
 

00:26:35.549 --> 00:26:37.220 align:start position:0%
the main challenge that would need to be
solved<00:26:36.059><c> as</c><00:26:36.179><c> AG</c><00:26:36.330><c> you</c><00:26:36.450><c> it</c><00:26:36.570><c> needs</c><00:26:36.749><c> to</c><00:26:36.929><c> have</c><00:26:37.080><c> at</c>

00:26:37.220 --> 00:26:37.230 align:start position:0%
solved as AG you it needs to have at
 

00:26:37.230 --> 00:26:39.560 align:start position:0%
solved as AG you it needs to have at
least<00:26:37.379><c> a</c><00:26:37.590><c> minimal</c><00:26:37.980><c> sort</c><00:26:38.249><c> of</c><00:26:38.369><c> fee</c><00:26:38.549><c> market</c><00:26:38.970><c> on</c>

00:26:39.560 --> 00:26:39.570 align:start position:0%
least a minimal sort of fee market on
 

00:26:39.570 --> 00:26:40.519 align:start position:0%
least a minimal sort of fee market on
the<00:26:39.720><c> youth</c><00:26:39.869><c> suicide</c>

00:26:40.519 --> 00:26:40.529 align:start position:0%
the youth suicide
 

00:26:40.529 --> 00:26:43.639 align:start position:0%
the youth suicide
so<00:26:41.009><c> that</c><00:26:41.600><c> optimistic</c><00:26:42.600><c> roll-up</c><00:26:43.139><c> real</c><00:26:43.379><c> layers</c>

00:26:43.639 --> 00:26:43.649 align:start position:0%
so that optimistic roll-up real layers
 

00:26:43.649 --> 00:26:45.769 align:start position:0%
so that optimistic roll-up real layers
would<00:26:43.980><c> at</c><00:26:44.129><c> least</c><00:26:44.220><c> have</c><00:26:44.489><c> the</c><00:26:44.700><c> ability</c><00:26:45.149><c> to</c><00:26:45.179><c> kind</c>

00:26:45.769 --> 00:26:45.779 align:start position:0%
would at least have the ability to kind
 

00:26:45.779 --> 00:26:49.099 align:start position:0%
would at least have the ability to kind
of<00:26:45.899><c> pop</c><00:26:46.139><c> publish</c><00:26:46.830><c> their</c><00:26:47.580><c> data</c><00:26:47.609><c> and</c><00:26:48.600><c> I</c><00:26:48.960><c> think</c>

00:26:49.099 --> 00:26:49.109 align:start position:0%
of pop publish their data and I think
 

00:26:49.109 --> 00:26:50.389 align:start position:0%
of pop publish their data and I think
that<00:26:49.259><c> is</c><00:26:49.379><c> one</c><00:26:49.559><c> of</c><00:26:49.649><c> the</c><00:26:49.710><c> things</c><00:26:49.919><c> we're</c><00:26:50.100><c> actively</c>

00:26:50.389 --> 00:26:50.399 align:start position:0%
that is one of the things we're actively
 

00:26:50.399 --> 00:26:54.409 align:start position:0%
that is one of the things we're actively
thinking<00:26:50.789><c> about</c><00:26:52.519><c> and</c><00:26:53.519><c> the</c><00:26:53.669><c> other</c><00:26:53.820><c> challenges</c>

00:26:54.409 --> 00:26:54.419 align:start position:0%
thinking about and the other challenges
 

00:26:54.419 --> 00:26:56.599 align:start position:0%
thinking about and the other challenges
if<00:26:54.659><c> you</c><00:26:54.899><c> do</c><00:26:55.139><c> want</c><00:26:55.499><c> to</c><00:26:55.619><c> use</c><00:26:55.889><c> phase</c><00:26:56.220><c> one</c><00:26:56.460><c> as</c><00:26:56.580><c> a</c>

00:26:56.599 --> 00:26:56.609 align:start position:0%
if you do want to use phase one as a
 

00:26:56.609 --> 00:26:58.700 align:start position:0%
if you do want to use phase one as a
date<00:26:56.759><c> availability</c><00:26:57.179><c> layer</c><00:26:57.539><c> of</c><00:26:57.779><c> on</c><00:26:58.230><c> eighth</c><00:26:58.499><c> one</c>

00:26:58.700 --> 00:26:58.710 align:start position:0%
date availability layer of on eighth one
 

00:26:58.710 --> 00:27:01.460 align:start position:0%
date availability layer of on eighth one
you<00:26:59.039><c> need</c><00:26:59.249><c> to</c><00:26:59.489><c> go</c><00:27:00.359><c> down</c><00:27:00.570><c> the</c><00:27:00.779><c> finality</c><00:27:01.109><c> gadget</c>

00:27:01.460 --> 00:27:01.470 align:start position:0%
you need to go down the finality gadget
 

00:27:01.470 --> 00:27:05.239 align:start position:0%
you need to go down the finality gadget
road<00:27:01.679><c> and</c><00:27:01.980><c> expose</c><00:27:02.929><c> it</c><00:27:03.929><c> to</c><00:27:03.989><c> data</c><00:27:04.470><c> to</c><00:27:05.039><c> state</c>

00:27:05.239 --> 00:27:05.249 align:start position:0%
road and expose it to data to state
 

00:27:05.249 --> 00:27:07.039 align:start position:0%
road and expose it to data to state
routes<00:27:05.460><c> to</c><00:27:05.970><c> eath</c><00:27:06.330><c> one</c><00:27:06.539><c> so</c><00:27:06.809><c> you</c><00:27:06.899><c> can</c><00:27:06.989><c> make</c>

00:27:07.039 --> 00:27:07.049 align:start position:0%
routes to eath one so you can make
 

00:27:07.049 --> 00:27:11.989 align:start position:0%
routes to eath one so you can make
proofs<00:27:07.320><c> against</c><00:27:07.590><c> it</c><00:27:07.739><c> so</c><00:27:10.220><c> depending</c><00:27:11.220><c> on</c><00:27:11.340><c> as</c><00:27:11.850><c> we</c>

00:27:11.989 --> 00:27:11.999 align:start position:0%
proofs against it so depending on as we
 

00:27:11.999 --> 00:27:13.279 align:start position:0%
proofs against it so depending on as we
talked<00:27:12.210><c> about</c><00:27:12.299><c> in</c><00:27:12.600><c> the</c><00:27:12.690><c> last</c><00:27:12.840><c> session</c>

00:27:13.279 --> 00:27:13.289 align:start position:0%
talked about in the last session
 

00:27:13.289 --> 00:27:15.979 align:start position:0%
talked about in the last session
depending<00:27:13.649><c> on</c><00:27:13.980><c> kind</c><00:27:14.190><c> of</c><00:27:14.480><c> parallel</c><00:27:15.480><c> roadmaps</c>

00:27:15.979 --> 00:27:15.989 align:start position:0%
depending on kind of parallel roadmaps
 

00:27:15.989 --> 00:27:17.810 align:start position:0%
depending on kind of parallel roadmaps
and<00:27:16.200><c> how</c><00:27:16.350><c> long</c><00:27:16.529><c> expected</c><00:27:17.340><c> things</c><00:27:17.489><c> gonna</c><00:27:17.639><c> take</c>

00:27:17.810 --> 00:27:17.820 align:start position:0%
and how long expected things gonna take
 

00:27:17.820 --> 00:27:22.099 align:start position:0%
and how long expected things gonna take
it<00:27:17.970><c> may</c><00:27:18.090><c> or</c><00:27:18.179><c> may</c><00:27:18.239><c> not</c><00:27:18.269><c> be</c><00:27:18.509><c> worth</c><00:27:18.629><c> it</c><00:27:20.419><c> right</c><00:27:21.419><c> next</c>

00:27:22.099 --> 00:27:22.109 align:start position:0%
it may or may not be worth it right next
 

00:27:22.109 --> 00:27:22.639 align:start position:0%
it may or may not be worth it right next
question

00:27:22.639 --> 00:27:22.649 align:start position:0%
question
 

00:27:22.649 --> 00:27:35.170 align:start position:0%
question
Oh<00:27:25.309><c> Marty</c><00:27:27.019><c> hey</c><00:27:28.019><c> Martin</c>

00:27:35.170 --> 00:27:35.180 align:start position:0%
 
 

00:27:35.180 --> 00:27:38.350 align:start position:0%
 
yeah<00:27:35.630><c> so</c><00:27:35.870><c> I</c><00:27:36.400><c> came</c><00:27:37.400><c> a</c><00:27:37.460><c> little</c><00:27:37.640><c> late</c><00:27:37.910><c> so</c><00:27:38.090><c> I</c><00:27:38.150><c> hope</c>

00:27:38.350 --> 00:27:38.360 align:start position:0%
yeah so I came a little late so I hope
 

00:27:38.360 --> 00:27:40.660 align:start position:0%
yeah so I came a little late so I hope
this<00:27:38.540><c> question</c><00:27:38.870><c> hasn't</c><00:27:39.080><c> been</c><00:27:39.290><c> asked</c><00:27:39.740><c> if</c><00:27:40.490><c> so</c>

00:27:40.660 --> 00:27:40.670 align:start position:0%
this question hasn't been asked if so
 

00:27:40.670 --> 00:27:42.790 align:start position:0%
this question hasn't been asked if so
I'll<00:27:41.180><c> just</c><00:27:41.360><c> excuse</c><00:27:41.750><c> myself</c><00:27:41.930><c> but</c><00:27:42.350><c> the</c><00:27:42.470><c> question</c>

00:27:42.790 --> 00:27:42.800 align:start position:0%
I'll just excuse myself but the question
 

00:27:42.800 --> 00:27:45.730 align:start position:0%
I'll just excuse myself but the question
is<00:27:43.390><c> around</c><00:27:44.390><c> the</c><00:27:44.510><c> process</c><00:27:44.990><c> by</c><00:27:45.170><c> which</c><00:27:45.230><c> a</c>

00:27:45.730 --> 00:27:45.740 align:start position:0%
is around the process by which a
 

00:27:45.740 --> 00:27:47.830 align:start position:0%
is around the process by which a
particular<00:27:46.430><c> execution</c><00:27:47.270><c> environment</c><00:27:47.690><c> is</c>

00:27:47.830 --> 00:27:47.840 align:start position:0%
particular execution environment is
 

00:27:47.840 --> 00:27:51.310 align:start position:0%
particular execution environment is
chosen<00:27:48.490><c> for</c><00:27:49.490><c> a</c><00:27:49.550><c> shard</c><00:27:50.090><c> if</c><00:27:50.600><c> there's</c><00:27:51.050><c> like</c><00:27:51.290><c> some</c>

00:27:51.310 --> 00:27:51.320 align:start position:0%
chosen for a shard if there's like some
 

00:27:51.320 --> 00:27:54.520 align:start position:0%
chosen for a shard if there's like some
auction<00:27:51.920><c> going</c><00:27:52.190><c> on</c><00:27:52.340><c> or</c><00:27:52.870><c> renting</c><00:27:53.870><c> that</c><00:27:53.900><c> space</c>

00:27:54.520 --> 00:27:54.530 align:start position:0%
auction going on or renting that space
 

00:27:54.530 --> 00:27:59.080 align:start position:0%
auction going on or renting that space
and<00:27:56.590><c> also</c><00:27:57.590><c> what</c><00:27:57.920><c> might</c><00:27:58.070><c> happen</c><00:27:58.310><c> if</c><00:27:58.760><c> you</c><00:27:58.940><c> need</c>

00:27:59.080 --> 00:27:59.090 align:start position:0%
and also what might happen if you need
 

00:27:59.090 --> 00:28:01.420 align:start position:0%
and also what might happen if you need
to<00:27:59.470><c> change</c><00:28:00.470><c> something</c><00:28:00.770><c> about</c><00:28:00.950><c> the</c><00:28:01.190><c> execution</c>

00:28:01.420 --> 00:28:01.430 align:start position:0%
to change something about the execution
 

00:28:01.430 --> 00:28:03.790 align:start position:0%
to change something about the execution
environment<00:28:02.030><c> like</c><00:28:02.230><c> forking</c><00:28:03.230><c> it</c><00:28:03.380><c> or</c><00:28:03.530><c> something</c>

00:28:03.790 --> 00:28:03.800 align:start position:0%
environment like forking it or something
 

00:28:03.800 --> 00:28:09.610 align:start position:0%
environment like forking it or something
like<00:28:03.830><c> that</c><00:28:06.910><c> look</c><00:28:07.910><c> in</c><00:28:08.180><c> all</c><00:28:08.570><c> of</c><00:28:08.810><c> the</c><00:28:08.960><c> proposals</c>

00:28:09.610 --> 00:28:09.620 align:start position:0%
like that look in all of the proposals
 

00:28:09.620 --> 00:28:12.580 align:start position:0%
like that look in all of the proposals
were<00:28:09.830><c> considering</c><00:28:10.490><c> so</c><00:28:10.730><c> far</c><00:28:10.760><c> I</c><00:28:11.060><c> think</c><00:28:11.590><c> blocks</c>

00:28:12.580 --> 00:28:12.590 align:start position:0%
were considering so far I think blocks
 

00:28:12.590 --> 00:28:15.520 align:start position:0%
were considering so far I think blocks
would<00:28:13.010><c> have</c><00:28:13.310><c> the</c><00:28:13.790><c> ability</c><00:28:14.300><c> to</c><00:28:14.330><c> contain</c><00:28:14.990><c> space</c>

00:28:15.520 --> 00:28:15.530 align:start position:0%
would have the ability to contain space
 

00:28:15.530 --> 00:28:18.660 align:start position:0%
would have the ability to contain space
for<00:28:15.950><c> multiple</c><00:28:16.520><c> execution</c><00:28:17.120><c> and</c><00:28:17.240><c> by</c><00:28:17.390><c> kind</c><00:28:17.630><c> of</c>

00:28:18.660 --> 00:28:18.670 align:start position:0%
for multiple execution and by kind of
 

00:28:18.670 --> 00:28:21.520 align:start position:0%
for multiple execution and by kind of
environment<00:28:19.670><c> spaces</c><00:28:20.390><c> in</c><00:28:20.540><c> them</c><00:28:20.720><c> and</c><00:28:20.960><c> so</c>

00:28:21.520 --> 00:28:21.530 align:start position:0%
environment spaces in them and so
 

00:28:21.530 --> 00:28:24.130 align:start position:0%
environment spaces in them and so
basically<00:28:22.040><c> like</c><00:28:22.490><c> you</c><00:28:22.670><c> would</c><00:28:22.790><c> expect</c><00:28:23.140><c> like</c>

00:28:24.130 --> 00:28:24.140 align:start position:0%
basically like you would expect like
 

00:28:24.140 --> 00:28:25.750 align:start position:0%
basically like you would expect like
it's<00:28:24.470><c> ultimately</c><00:28:24.890><c> the</c><00:28:25.070><c> block</c><00:28:25.250><c> proposes</c><00:28:25.730><c> that</c>

00:28:25.750 --> 00:28:25.760 align:start position:0%
it's ultimately the block proposes that
 

00:28:25.760 --> 00:28:27.910 align:start position:0%
it's ultimately the block proposes that
chooses<00:28:26.330><c> what</c><00:28:26.510><c> to</c><00:28:26.540><c> include</c><00:28:26.810><c> and</c><00:28:27.350><c> different</c>

00:28:27.910 --> 00:28:27.920 align:start position:0%
chooses what to include and different
 

00:28:27.920 --> 00:28:30.400 align:start position:0%
chooses what to include and different
people<00:28:28.040><c> it</c><00:28:28.340><c> would</c><00:28:28.520><c> would</c><00:28:29.150><c> be</c><00:28:29.270><c> able</c><00:28:29.360><c> to</c><00:28:29.510><c> bid</c><00:28:29.840><c> but</c>

00:28:30.400 --> 00:28:30.410 align:start position:0%
people it would would be able to bid but
 

00:28:30.410 --> 00:28:31.630 align:start position:0%
people it would would be able to bid but
like<00:28:30.740><c> you</c><00:28:30.890><c> would</c><00:28:31.010><c> expect</c>

00:28:31.630 --> 00:28:31.640 align:start position:0%
like you would expect
 

00:28:31.640 --> 00:28:33.730 align:start position:0%
like you would expect
I<00:28:31.790><c> mean</c><00:28:32.240><c> if</c><00:28:32.330><c> at</c><00:28:32.420><c> least</c><00:28:32.540><c> popular</c><00:28:33.110><c> execution</c>

00:28:33.730 --> 00:28:33.740 align:start position:0%
I mean if at least popular execution
 

00:28:33.740 --> 00:28:36.910 align:start position:0%
I mean if at least popular execution
environments<00:28:34.370><c> to</c><00:28:34.460><c> have</c><00:28:34.610><c> a</c><00:28:35.350><c> presence</c><00:28:36.350><c> and</c><00:28:36.530><c> be</c>

00:28:36.910 --> 00:28:36.920 align:start position:0%
environments to have a presence and be
 

00:28:36.920 --> 00:28:39.520 align:start position:0%
environments to have a presence and be
executed<00:28:37.490><c> even</c><00:28:37.640><c> in</c><00:28:38.240><c> every</c><00:28:38.660><c> slot</c><00:28:38.990><c> in</c><00:28:39.320><c> the</c><00:28:39.500><c> show</c>

00:28:39.520 --> 00:28:39.530 align:start position:0%
executed even in every slot in the show
 

00:28:39.530 --> 00:28:43.260 align:start position:0%
executed even in every slot in the show
the<00:28:40.130><c> shards</c><00:28:40.550><c> in</c><00:28:40.760><c> in</c><00:28:41.240><c> which</c><00:28:41.480><c> they're</c><00:28:41.690><c> located</c>

00:28:43.260 --> 00:28:43.270 align:start position:0%
the shards in in which they're located
 

00:28:43.270 --> 00:28:45.670 align:start position:0%
the shards in in which they're located
to<00:28:44.270><c> be</c><00:28:44.390><c> clear</c><00:28:44.630><c> the</c><00:28:44.750><c> execution</c><00:28:45.170><c> environment</c><00:28:45.590><c> is</c>

00:28:45.670 --> 00:28:45.680 align:start position:0%
to be clear the execution environment is
 

00:28:45.680 --> 00:28:47.860 align:start position:0%
to be clear the execution environment is
defined<00:28:46.160><c> on</c><00:28:46.520><c> the</c><00:28:47.090><c> beacon</c><00:28:47.330><c> chain</c><00:28:47.570><c> and</c><00:28:47.750><c> thus</c>

00:28:47.860 --> 00:28:47.870 align:start position:0%
defined on the beacon chain and thus
 

00:28:47.870 --> 00:28:50.590 align:start position:0%
defined on the beacon chain and thus
available<00:28:48.620><c> on</c><00:28:48.830><c> all</c><00:28:49.700><c> of</c><00:28:49.730><c> the</c><00:28:49.910><c> shark</c><00:28:50.150><c> chains</c><00:28:50.390><c> and</c>

00:28:50.590 --> 00:28:50.600 align:start position:0%
available on all of the shark chains and
 

00:28:50.600 --> 00:28:52.630 align:start position:0%
available on all of the shark chains and
so<00:28:51.110><c> when</c><00:28:51.740><c> you</c><00:28:51.830><c> make</c><00:28:51.920><c> a</c><00:28:51.980><c> block</c><00:28:52.250><c> you're</c><00:28:52.430><c> kind</c><00:28:52.580><c> of</c>

00:28:52.630 --> 00:28:52.640 align:start position:0%
so when you make a block you're kind of
 

00:28:52.640 --> 00:28:54.550 align:start position:0%
so when you make a block you're kind of
signaling<00:28:53.120><c> this</c><00:28:53.270><c> block</c><00:28:53.540><c> is</c><00:28:53.720><c> for</c><00:28:54.020><c> this</c>

00:28:54.550 --> 00:28:54.560 align:start position:0%
signaling this block is for this
 

00:28:54.560 --> 00:28:56.080 align:start position:0%
signaling this block is for this
execution<00:28:54.950><c> environment</c><00:28:55.490><c> and</c><00:28:55.580><c> thus</c><00:28:55.700><c> the</c><00:28:55.910><c> data</c>

00:28:56.080 --> 00:28:56.090 align:start position:0%
execution environment and thus the data
 

00:28:56.090 --> 00:28:58.360 align:start position:0%
execution environment and thus the data
in<00:28:56.390><c> this</c><00:28:56.540><c> block</c><00:28:56.780><c> or</c><00:28:57.020><c> chunk</c><00:28:57.590><c> of</c><00:28:57.710><c> data</c><00:28:57.890><c> maybe</c>

00:28:58.360 --> 00:28:58.370 align:start position:0%
in this block or chunk of data maybe
 

00:28:58.370 --> 00:29:01.090 align:start position:0%
in this block or chunk of data maybe
multiple<00:28:58.700><c> is</c><00:28:59.120><c> for</c><00:28:59.780><c> that</c><00:29:00.100><c> execution</c>

00:29:01.090 --> 00:29:01.100 align:start position:0%
multiple is for that execution
 

00:29:01.100 --> 00:29:02.200 align:start position:0%
multiple is for that execution
environment<00:29:01.550><c> and</c><00:29:01.640><c> so</c><00:29:01.700><c> you</c><00:29:01.760><c> can</c><00:29:01.880><c> kind</c><00:29:02.030><c> of</c><00:29:02.060><c> think</c>

00:29:02.200 --> 00:29:02.210 align:start position:0%
environment and so you can kind of think
 

00:29:02.210 --> 00:29:05.230 align:start position:0%
environment and so you can kind of think
of<00:29:02.390><c> say</c><00:29:03.320><c> this</c><00:29:03.770><c> this</c><00:29:04.100><c> block</c><00:29:04.430><c> was</c><00:29:04.670><c> for</c><00:29:04.880><c> execution</c>

00:29:05.230 --> 00:29:05.240 align:start position:0%
of say this this block was for execution
 

00:29:05.240 --> 00:29:07.090 align:start position:0%
of say this this block was for execution
fire<00:29:05.420><c> in</c><00:29:05.540><c> a</c><00:29:05.690><c> this</c><00:29:06.020><c> block</c><00:29:06.230><c> was</c><00:29:06.410><c> for</c><00:29:06.740><c> execution</c>

00:29:07.090 --> 00:29:07.100 align:start position:0%
fire in a this block was for execution
 

00:29:07.100 --> 00:29:09.010 align:start position:0%
fire in a this block was for execution
of<00:29:07.130><c> IRB</c><00:29:07.460><c> and</c><00:29:07.610><c> the</c><00:29:07.700><c> next</c><00:29:07.910><c> one</c><00:29:08.030><c> was</c><00:29:08.150><c> for</c><00:29:08.300><c> a</c><00:29:08.330><c> like</c>

00:29:09.010 --> 00:29:09.020 align:start position:0%
of IRB and the next one was for a like
 

00:29:09.020 --> 00:29:11.590 align:start position:0%
of IRB and the next one was for a like
the<00:29:09.170><c> actual</c><00:29:09.530><c> blockchain</c><00:29:10.370><c> of</c><00:29:10.640><c> a</c><00:29:10.910><c> is</c><00:29:11.180><c> like</c><00:29:11.390><c> this</c>

00:29:11.590 --> 00:29:11.600 align:start position:0%
the actual blockchain of a is like this
 

00:29:11.600 --> 00:29:15.040 align:start position:0%
the actual blockchain of a is like this
this<00:29:12.260><c> subset</c><00:29:13.010><c> of</c><00:29:13.130><c> the</c><00:29:13.970><c> the</c><00:29:14.510><c> actual</c><00:29:14.840><c> shard</c>

00:29:15.040 --> 00:29:15.050 align:start position:0%
this subset of the the actual shard
 

00:29:15.050 --> 00:29:22.420 align:start position:0%
this subset of the the actual shard
chain<00:29:15.460><c> and</c><00:29:16.460><c> on</c><00:29:16.910><c> the</c><00:29:17.510><c> forking</c><00:29:18.050><c> I</c><00:29:19.000><c> think</c><00:29:20.890><c> so</c><00:29:21.890><c> the</c>

00:29:22.420 --> 00:29:22.430 align:start position:0%
chain and on the forking I think so the
 

00:29:22.430 --> 00:29:23.590 align:start position:0%
chain and on the forking I think so the
nice<00:29:22.580><c> thing</c><00:29:22.760><c> about</c><00:29:22.790><c> it</c><00:29:22.970><c> is</c><00:29:23.060><c> you</c><00:29:23.420><c> could</c>

00:29:23.590 --> 00:29:23.600 align:start position:0%
nice thing about it is you could
 

00:29:23.600 --> 00:29:25.690 align:start position:0%
nice thing about it is you could
actually<00:29:23.840><c> define</c><00:29:24.320><c> migration</c><00:29:24.800><c> paths</c><00:29:24.980><c> such</c>

00:29:25.690 --> 00:29:25.700 align:start position:0%
actually define migration paths such
 

00:29:25.700 --> 00:29:28.240 align:start position:0%
actually define migration paths such
that<00:29:26.000><c> you</c><00:29:26.480><c> could</c><00:29:26.720><c> deploy</c><00:29:27.260><c> a</c><00:29:27.290><c> new</c><00:29:27.410><c> Yi</c><00:29:27.680><c> and</c><00:29:28.100><c> have</c>

00:29:28.240 --> 00:29:28.250 align:start position:0%
that you could deploy a new Yi and have
 

00:29:28.250 --> 00:29:30.850 align:start position:0%
that you could deploy a new Yi and have
some<00:29:28.460><c> sort</c><00:29:28.610><c> of</c><00:29:28.640><c> migration</c><00:29:29.150><c> from</c><00:29:29.860><c> previously</c>

00:29:30.850 --> 00:29:30.860 align:start position:0%
some sort of migration from previously
 

00:29:30.860 --> 00:29:33.100 align:start position:0%
some sort of migration from previously
to<00:29:31.460><c> new</c><00:29:31.610><c> Yi</c><00:29:31.790><c> and</c><00:29:32.030><c> I</c><00:29:32.390><c> do</c><00:29:32.450><c> expect</c><00:29:32.840><c> these</c><00:29:33.050><c> things</c>

00:29:33.100 --> 00:29:33.110 align:start position:0%
to new Yi and I do expect these things
 

00:29:33.110 --> 00:29:34.840 align:start position:0%
to new Yi and I do expect these things
to<00:29:33.410><c> kind</c><00:29:33.650><c> of</c><00:29:33.710><c> emerge</c><00:29:33.980><c> in</c><00:29:34.190><c> a</c><00:29:34.430><c> standards</c>

00:29:34.840 --> 00:29:34.850 align:start position:0%
to kind of emerge in a standards
 

00:29:34.850 --> 00:29:37.080 align:start position:0%
to kind of emerge in a standards
standards<00:29:35.540><c> way</c><00:29:35.690><c> kind</c><00:29:36.140><c> of</c><00:29:36.200><c> like</c><00:29:36.320><c> in</c><00:29:36.440><c> the</c><00:29:36.530><c> ERC</c>

00:29:37.080 --> 00:29:37.090 align:start position:0%
standards way kind of like in the ERC
 

00:29:37.090 --> 00:29:41.200 align:start position:0%
standards way kind of like in the ERC
standards<00:29:38.090><c> but</c><00:29:38.840><c> I</c><00:29:39.440><c> could</c><00:29:40.160><c> also</c><00:29:40.400><c> see</c><00:29:40.880><c> that</c>

00:29:41.200 --> 00:29:41.210 align:start position:0%
standards but I could also see that
 

00:29:41.210 --> 00:29:44.000 align:start position:0%
standards but I could also see that
certain<00:29:41.450><c> ease</c><00:29:41.720><c> especially</c><00:29:42.440><c> like</c><00:29:42.650><c> the</c><00:29:42.770><c> eath</c><00:29:42.890><c> 1e</c>

00:29:44.000 --> 00:29:44.010 align:start position:0%
certain ease especially like the eath 1e
 

00:29:44.010 --> 00:29:46.520 align:start position:0%
certain ease especially like the eath 1e
could<00:29:44.400><c> still</c><00:29:45.330><c> maybe</c><00:29:45.750><c> be</c><00:29:45.990><c> subject</c><00:29:46.470><c> to</c>

00:29:46.520 --> 00:29:46.530 align:start position:0%
could still maybe be subject to
 

00:29:46.530 --> 00:29:49.070 align:start position:0%
could still maybe be subject to
hard-working<00:29:47.250><c> to</c><00:29:48.210><c> upgrade</c><00:29:48.510><c> and</c><00:29:48.630><c> manipulate</c>

00:29:49.070 --> 00:29:49.080 align:start position:0%
hard-working to upgrade and manipulate
 

00:29:49.080 --> 00:29:51.500 align:start position:0%
hard-working to upgrade and manipulate
depending<00:29:49.919><c> on</c><00:29:50.010><c> the</c><00:29:50.160><c> kind</c><00:29:50.549><c> of</c><00:29:50.580><c> social</c><00:29:50.790><c> dynamic</c>

00:29:51.500 --> 00:29:51.510 align:start position:0%
depending on the kind of social dynamic
 

00:29:51.510 --> 00:29:57.710 align:start position:0%
depending on the kind of social dynamic
remnant<00:29:55.700><c> yes</c><00:29:56.700><c> yes</c><00:29:56.940><c> so</c><00:29:57.120><c> I'm</c><00:29:57.210><c> saying</c><00:29:57.419><c> that</c><00:29:57.600><c> would</c>

00:29:57.710 --> 00:29:57.720 align:start position:0%
remnant yes yes so I'm saying that would
 

00:29:57.720 --> 00:30:01.760 align:start position:0%
remnant yes yes so I'm saying that would
be<00:29:57.870><c> a</c><00:29:57.900><c> like</c><00:29:58.380><c> to</c><00:29:59.370><c> actually</c><00:29:59.580><c> change</c><00:30:00.540><c> in</c><00:30:00.809><c> EE</c><00:30:00.929><c> would</c>

00:30:01.760 --> 00:30:01.770 align:start position:0%
be a like to actually change in EE would
 

00:30:01.770 --> 00:30:04.820 align:start position:0%
be a like to actually change in EE would
require<00:30:02.600><c> kind</c><00:30:03.600><c> of</c><00:30:03.690><c> changing</c><00:30:04.290><c> changing</c><00:30:04.590><c> the</c>

00:30:04.820 --> 00:30:04.830 align:start position:0%
require kind of changing changing the
 

00:30:04.830 --> 00:30:06.440 align:start position:0%
require kind of changing changing the
actual<00:30:05.070><c> code</c><00:30:05.280><c> of</c><00:30:05.429><c> the</c><00:30:05.700><c> protocol</c><00:30:05.970><c> and</c><00:30:06.330><c> an</c>

00:30:06.440 --> 00:30:06.450 align:start position:0%
actual code of the protocol and an
 

00:30:06.450 --> 00:30:10.159 align:start position:0%
actual code of the protocol and an
irregular<00:30:06.870><c> state</c><00:30:07.350><c> change</c><00:30:08.360><c> there</c><00:30:09.360><c> are</c><00:30:09.390><c> options</c>

00:30:10.159 --> 00:30:10.169 align:start position:0%
irregular state change there are options
 

00:30:10.169 --> 00:30:13.610 align:start position:0%
irregular state change there are options
to<00:30:10.970><c> migrate</c><00:30:11.970><c> an</c><00:30:12.120><c> upgrade</c><00:30:12.419><c> ease</c><00:30:12.720><c> without</c><00:30:13.230><c> doing</c>

00:30:13.610 --> 00:30:13.620 align:start position:0%
to migrate an upgrade ease without doing
 

00:30:13.620 --> 00:30:15.860 align:start position:0%
to migrate an upgrade ease without doing
that<00:30:13.650><c> but</c><00:30:14.130><c> there</c><00:30:14.429><c> it</c><00:30:14.730><c> might</c><00:30:15.030><c> still</c><00:30:15.360><c> be</c><00:30:15.390><c> like</c><00:30:15.840><c> a</c>

00:30:15.860 --> 00:30:15.870 align:start position:0%
that but there it might still be like a
 

00:30:15.870 --> 00:30:17.960 align:start position:0%
that but there it might still be like a
social<00:30:16.290><c> tool</c><00:30:16.500><c> to</c><00:30:16.770><c> coordinate</c><00:30:17.370><c> and</c><00:30:17.520><c> manipulate</c>

00:30:17.960 --> 00:30:17.970 align:start position:0%
social tool to coordinate and manipulate
 

00:30:17.970 --> 00:30:20.299 align:start position:0%
social tool to coordinate and manipulate
these<00:30:18.059><c> things</c><00:30:18.650><c> will</c><00:30:19.650><c> the</c><00:30:19.770><c> E's</c><00:30:20.070><c> be</c>

00:30:20.299 --> 00:30:20.309 align:start position:0%
these things will the E's be
 

00:30:20.309 --> 00:30:23.780 align:start position:0%
these things will the E's be
permissioned<00:30:20.820><c> or</c><00:30:21.570><c> like</c><00:30:22.140><c> is</c><00:30:22.919><c> you're</c><00:30:23.549><c> not</c><00:30:23.669><c> gonna</c>

00:30:23.780 --> 00:30:23.790 align:start position:0%
permissioned or like is you're not gonna
 

00:30:23.790 --> 00:30:26.450 align:start position:0%
permissioned or like is you're not gonna
so<00:30:24.450><c> if</c><00:30:24.780><c> you</c><00:30:24.960><c> want</c><00:30:25.110><c> to</c><00:30:25.169><c> add</c><00:30:25.320><c> a</c><00:30:25.350><c> new</c><00:30:25.590><c> EE</c><00:30:25.890><c> do</c><00:30:26.370><c> you</c>

00:30:26.450 --> 00:30:26.460 align:start position:0%
so if you want to add a new EE do you
 

00:30:26.460 --> 00:30:27.919 align:start position:0%
so if you want to add a new EE do you
need<00:30:26.640><c> to</c><00:30:26.820><c> fork</c><00:30:27.059><c> anything</c><00:30:27.480><c> or</c><00:30:27.690><c> can</c><00:30:27.809><c> you</c><00:30:27.900><c> just</c>

00:30:27.919 --> 00:30:27.929 align:start position:0%
need to fork anything or can you just
 

00:30:27.929 --> 00:30:32.840 align:start position:0%
need to fork anything or can you just
add<00:30:28.200><c> new</c><00:30:28.500><c> use</c><00:30:31.070><c> transaction</c><00:30:32.070><c> for</c><00:30:32.190><c> your</c><00:30:32.309><c> deposit</c>

00:30:32.840 --> 00:30:32.850 align:start position:0%
add new use transaction for your deposit
 

00:30:32.850 --> 00:30:34.430 align:start position:0%
add new use transaction for your deposit
requirements<00:30:33.210><c> so</c><00:30:33.660><c> we</c><00:30:33.690><c> do</c><00:30:33.900><c> the</c><00:30:34.020><c> beacon</c><00:30:34.260><c> chain</c>

00:30:34.430 --> 00:30:34.440 align:start position:0%
requirements so we do the beacon chain
 

00:30:34.440 --> 00:30:36.140 align:start position:0%
requirements so we do the beacon chain
doesn't<00:30:34.770><c> get</c><00:30:34.860><c> filled</c><00:30:35.100><c> up</c><00:30:35.220><c> too</c><00:30:35.400><c> much</c><00:30:35.580><c> but</c><00:30:35.910><c> like</c>

00:30:36.140 --> 00:30:36.150 align:start position:0%
doesn't get filled up too much but like
 

00:30:36.150 --> 00:30:38.150 align:start position:0%
doesn't get filled up too much but like
anyone<00:30:36.419><c> like</c><00:30:36.870><c> it</c><00:30:37.110><c> would</c><00:30:37.530><c> be</c><00:30:37.559><c> able</c><00:30:37.710><c> to</c><00:30:37.830><c> do</c><00:30:38.010><c> it</c>

00:30:38.150 --> 00:30:38.160 align:start position:0%
anyone like it would be able to do it
 

00:30:38.160 --> 00:30:39.590 align:start position:0%
anyone like it would be able to do it
you're<00:30:38.340><c> not</c><00:30:38.370><c> optioning</c><00:30:38.850><c> them</c><00:30:38.970><c> like</c><00:30:39.150><c> some</c><00:30:39.510><c> of</c>

00:30:39.590 --> 00:30:39.600 align:start position:0%
you're not optioning them like some of
 

00:30:39.600 --> 00:30:43.100 align:start position:0%
you're not optioning them like some of
the<00:30:39.660><c> guys</c><00:30:40.970><c> and</c><00:30:41.970><c> as</c><00:30:42.270><c> are</c><00:30:42.510><c> you</c><00:30:42.600><c> expecting</c>

00:30:43.100 --> 00:30:43.110 align:start position:0%
the guys and as are you expecting
 

00:30:43.110 --> 00:30:44.450 align:start position:0%
the guys and as are you expecting
applications

00:30:44.450 --> 00:30:44.460 align:start position:0%
applications
 

00:30:44.460 --> 00:30:46.549 align:start position:0%
applications
expecting<00:30:45.299><c> applications</c><00:30:45.900><c> some</c><00:30:46.410><c> of</c><00:30:46.440><c> the</c>

00:30:46.549 --> 00:30:46.559 align:start position:0%
expecting applications some of the
 

00:30:46.559 --> 00:30:49.810 align:start position:0%
expecting applications some of the
bigger<00:30:46.710><c> ones</c><00:30:46.919><c> to</c><00:30:47.130><c> have</c><00:30:47.250><c> their</c><00:30:47.370><c> own</c><00:30:47.490><c> EE</c>

00:30:49.810 --> 00:30:49.820 align:start position:0%
 
 

00:30:49.820 --> 00:30:55.340 align:start position:0%
 
yeah<00:30:50.820><c> possible</c><00:30:51.330><c> some</c><00:30:51.630><c> a</c><00:30:51.929><c> lot</c><00:30:52.799><c> of</c><00:30:53.540><c> a</c><00:30:54.540><c> lot</c><00:30:55.320><c> of</c>

00:30:55.340 --> 00:30:55.350 align:start position:0%
yeah possible some a lot of a lot of
 

00:30:55.350 --> 00:30:56.780 align:start position:0%
yeah possible some a lot of a lot of
like<00:30:55.650><c> the</c><00:30:55.860><c> reasons</c><00:30:56.160><c> you</c><00:30:56.280><c> might</c><00:30:56.370><c> have</c><00:30:56.580><c> an</c><00:30:56.700><c> e</c>

00:30:56.780 --> 00:30:56.790 align:start position:0%
like the reasons you might have an e
 

00:30:56.790 --> 00:30:58.880 align:start position:0%
like the reasons you might have an e
like<00:30:57.059><c> it</c><00:30:57.690><c> doesn't</c><00:30:58.169><c> actually</c><00:30:58.260><c> make</c><00:30:58.530><c> sense</c><00:30:58.679><c> and</c>

00:30:58.880 --> 00:30:58.890 align:start position:0%
like it doesn't actually make sense and
 

00:30:58.890 --> 00:31:00.049 align:start position:0%
like it doesn't actually make sense and
it<00:30:58.950><c> might</c><00:30:59.070><c> just</c><00:30:59.100><c> make</c><00:30:59.370><c> sense</c><00:30:59.549><c> to</c><00:30:59.730><c> operate</c>

00:31:00.049 --> 00:31:00.059 align:start position:0%
it might just make sense to operate
 

00:31:00.059 --> 00:31:02.600 align:start position:0%
it might just make sense to operate
within<00:31:00.299><c> an</c><00:31:00.510><c> e</c><00:31:00.630><c> but</c><00:31:01.559><c> I</c><00:31:01.620><c> do</c><00:31:01.740><c> funny</c><00:31:02.280><c> that</c><00:31:02.490><c> you</c>

00:31:02.600 --> 00:31:02.610 align:start position:0%
within an e but I do funny that you
 

00:31:02.610 --> 00:31:05.030 align:start position:0%
within an e but I do funny that you
asked<00:31:02.790><c> that</c><00:31:02.880><c> I</c><00:31:03.240><c> have</c><00:31:04.230><c> thought</c><00:31:04.559><c> it</c><00:31:04.770><c> could</c><00:31:04.919><c> be</c>

00:31:05.030 --> 00:31:05.040 align:start position:0%
asked that I have thought it could be
 

00:31:05.040 --> 00:31:06.770 align:start position:0%
asked that I have thought it could be
like<00:31:05.280><c> certainly</c><00:31:05.910><c> an</c><00:31:06.150><c> a</c><00:31:06.299><c> way</c><00:31:06.510><c> to</c><00:31:06.570><c> advertise</c>

00:31:06.770 --> 00:31:06.780 align:start position:0%
like certainly an a way to advertise
 

00:31:06.780 --> 00:31:09.260 align:start position:0%
like certainly an a way to advertise
like<00:31:07.260><c> if</c><00:31:07.380><c> the</c><00:31:07.500><c> casino</c><00:31:07.950><c> has</c><00:31:08.220><c> their</c><00:31:08.460><c> own</c><00:31:08.490><c> e</c><00:31:08.610><c> come</c>

00:31:09.260 --> 00:31:09.270 align:start position:0%
like if the casino has their own e come
 

00:31:09.270 --> 00:31:12.470 align:start position:0%
like if the casino has their own e come
join<00:31:09.570><c> us</c><00:31:10.790><c> gaming</c><00:31:11.790><c> e</c><00:31:11.880><c> I</c><00:31:12.120><c> mean</c><00:31:12.240><c> there's</c><00:31:12.390><c> probably</c>

00:31:12.470 --> 00:31:12.480 align:start position:0%
join us gaming e I mean there's probably
 

00:31:12.480 --> 00:31:14.659 align:start position:0%
join us gaming e I mean there's probably
some<00:31:12.780><c> yeah</c><00:31:12.960><c> some</c><00:31:13.169><c> data</c><00:31:13.890><c> that</c><00:31:14.070><c> we</c><00:31:14.280><c> would</c><00:31:14.429><c> want</c>

00:31:14.659 --> 00:31:14.669 align:start position:0%
some yeah some data that we would want
 

00:31:14.669 --> 00:31:16.520 align:start position:0%
some yeah some data that we would want
to<00:31:14.730><c> store</c><00:31:14.940><c> that</c><00:31:14.970><c> no</c><00:31:15.210><c> one</c><00:31:15.360><c> else</c><00:31:15.510><c> wants</c><00:31:15.780><c> to</c><00:31:15.809><c> so</c>

00:31:16.520 --> 00:31:16.530 align:start position:0%
to store that no one else wants to so
 

00:31:16.530 --> 00:31:20.539 align:start position:0%
to store that no one else wants to so
yeah<00:31:16.950><c> or</c><00:31:17.900><c> maybe</c><00:31:18.900><c> not</c><00:31:19.200><c> data</c><00:31:19.470><c> but</c><00:31:19.860><c> more</c><00:31:20.070><c> like</c><00:31:20.340><c> how</c>

00:31:20.539 --> 00:31:20.549 align:start position:0%
yeah or maybe not data but more like how
 

00:31:20.549 --> 00:31:23.060 align:start position:0%
yeah or maybe not data but more like how
you<00:31:20.610><c> optimize</c><00:31:21.000><c> the</c><00:31:21.750><c> structure</c><00:31:22.169><c> of</c><00:31:22.500><c> accessing</c>

00:31:23.060 --> 00:31:23.070 align:start position:0%
you optimize the structure of accessing
 

00:31:23.070 --> 00:31:25.070 align:start position:0%
you optimize the structure of accessing
certain<00:31:23.280><c> things</c><00:31:23.640><c> in</c><00:31:24.030><c> a</c><00:31:24.090><c> fraction</c><00:31:24.510><c> of</c><00:31:24.600><c> a</c><00:31:24.720><c> second</c>

00:31:25.070 --> 00:31:25.080 align:start position:0%
certain things in a fraction of a second
 

00:31:25.080 --> 00:31:27.860 align:start position:0%
certain things in a fraction of a second
block<00:31:25.260><c> time</c><00:31:25.440><c> would</c><00:31:25.590><c> be</c><00:31:25.679><c> really</c><00:31:25.950><c> good</c><00:31:26.840><c> yeah</c><00:31:27.840><c> I</c>

00:31:27.860 --> 00:31:27.870 align:start position:0%
block time would be really good yeah I
 

00:31:27.870 --> 00:31:30.289 align:start position:0%
block time would be really good yeah I
think<00:31:28.830><c> it</c><00:31:29.070><c> might</c><00:31:29.220><c> be</c><00:31:29.250><c> like</c><00:31:29.520><c> another</c><00:31:29.790><c> tier</c><00:31:30.179><c> of</c>

00:31:30.289 --> 00:31:30.299 align:start position:0%
think it might be like another tier of
 

00:31:30.299 --> 00:31:31.909 align:start position:0%
think it might be like another tier of
developer<00:31:30.780><c> that</c><00:31:30.900><c> makes</c><00:31:31.080><c> an</c><00:31:31.200><c> EE</c><00:31:31.320><c> it</c><00:31:31.650><c> might</c><00:31:31.799><c> be</c>

00:31:31.909 --> 00:31:31.919 align:start position:0%
developer that makes an EE it might be
 

00:31:31.919 --> 00:31:33.740 align:start position:0%
developer that makes an EE it might be
someone<00:31:32.280><c> that's</c><00:31:32.370><c> working</c><00:31:32.640><c> really</c><00:31:32.970><c> deeply</c><00:31:33.660><c> in</c>

00:31:33.740 --> 00:31:33.750 align:start position:0%
someone that's working really deeply in
 

00:31:33.750 --> 00:31:35.480 align:start position:0%
someone that's working really deeply in
protocol<00:31:34.140><c> research</c><00:31:34.530><c> or</c><00:31:34.799><c> like</c><00:31:34.919><c> zero</c><00:31:35.340><c> knowledge</c>

00:31:35.480 --> 00:31:35.490 align:start position:0%
protocol research or like zero knowledge
 

00:31:35.490 --> 00:31:37.220 align:start position:0%
protocol research or like zero knowledge
proof<00:31:35.610><c> research</c><00:31:36.150><c> or</c><00:31:36.360><c> something</c><00:31:36.540><c> they</c><00:31:37.080><c> really</c>

00:31:37.220 --> 00:31:37.230 align:start position:0%
proof research or something they really
 

00:31:37.230 --> 00:31:38.480 align:start position:0%
proof research or something they really
know<00:31:37.410><c> what</c><00:31:37.559><c> they're</c><00:31:37.679><c> doing</c><00:31:37.710><c> and</c><00:31:38.130><c> they</c><00:31:38.250><c> can't</c>

00:31:38.480 --> 00:31:38.490 align:start position:0%
know what they're doing and they can't
 

00:31:38.490 --> 00:31:39.890 align:start position:0%
know what they're doing and they can't
do<00:31:38.610><c> it</c><00:31:38.640><c> anywhere</c><00:31:38.910><c> else</c><00:31:39.150><c> and</c><00:31:39.419><c> then</c><00:31:39.510><c> they'll</c><00:31:39.720><c> go</c>

00:31:39.890 --> 00:31:39.900 align:start position:0%
do it anywhere else and then they'll go
 

00:31:39.900 --> 00:31:41.539 align:start position:0%
do it anywhere else and then they'll go
to<00:31:39.929><c> that</c><00:31:40.200><c> but</c><00:31:40.679><c> then</c><00:31:40.799><c> you</c><00:31:40.830><c> know</c><00:31:40.980><c> like</c><00:31:41.190><c> kind</c><00:31:41.370><c> of</c>

00:31:41.539 --> 00:31:41.549 align:start position:0%
to that but then you know like kind of
 

00:31:41.549 --> 00:31:43.070 align:start position:0%
to that but then you know like kind of
typical<00:31:42.240><c> developer</c><00:31:42.720><c> that's</c><00:31:42.870><c> at</c><00:31:42.990><c> the</c>

00:31:43.070 --> 00:31:43.080 align:start position:0%
typical developer that's at the
 

00:31:43.080 --> 00:31:44.570 align:start position:0%
typical developer that's at the
application<00:31:43.710><c> layer</c><00:31:43.890><c> would</c><00:31:44.100><c> probably</c><00:31:44.370><c> want</c><00:31:44.520><c> to</c>

00:31:44.570 --> 00:31:44.580 align:start position:0%
application layer would probably want to
 

00:31:44.580 --> 00:31:49.490 align:start position:0%
application layer would probably want to
stay<00:31:45.150><c> away</c><00:31:45.179><c> from</c><00:31:45.390><c> it</c><00:31:47.870><c> any</c><00:31:48.870><c> other</c><00:31:48.960><c> question</c>

00:31:49.490 --> 00:31:49.500 align:start position:0%
stay away from it any other question
 

00:31:49.500 --> 00:31:52.580 align:start position:0%
stay away from it any other question
from<00:31:49.620><c> the</c><00:31:49.830><c> audience</c><00:31:49.919><c> I</c><00:31:51.110><c> mean</c><00:31:52.110><c> while</c><00:31:52.440><c> we're</c>

00:31:52.580 --> 00:31:52.590 align:start position:0%
from the audience I mean while we're
 

00:31:52.590 --> 00:31:55.669 align:start position:0%
from the audience I mean while we're
waiting<00:31:52.830><c> for</c><00:31:52.860><c> a</c><00:31:53.040><c> question</c><00:31:53.309><c> I</c><00:31:54.169><c> mean</c><00:31:55.169><c> maybe</c><00:31:55.500><c> it's</c>

00:31:55.669 --> 00:31:55.679 align:start position:0%
waiting for a question I mean maybe it's
 

00:31:55.679 --> 00:31:57.200 align:start position:0%
waiting for a question I mean maybe it's
put<00:31:55.799><c> a</c><00:31:55.860><c> bit</c><00:31:55.980><c> of</c><00:31:56.010><c> cold</c><00:31:56.460><c> water</c><00:31:56.520><c> on</c><00:31:56.970><c> the</c>

00:31:57.200 --> 00:31:57.210 align:start position:0%
put a bit of cold water on the
 

00:31:57.210 --> 00:32:00.560 align:start position:0%
put a bit of cold water on the
like<00:31:58.020><c> I</c><00:31:58.470><c> mean</c><00:31:58.560><c> it's</c><00:31:58.770><c> the</c><00:31:59.010><c> ease</c><00:31:59.190><c> of</c><00:31:59.220><c> a</c><00:31:59.940><c> beautiful</c>

00:32:00.560 --> 00:32:00.570 align:start position:0%
like I mean it's the ease of a beautiful
 

00:32:00.570 --> 00:32:03.920 align:start position:0%
like I mean it's the ease of a beautiful
piece<00:32:00.780><c> of</c><00:32:00.810><c> layer</c><00:32:01.530><c> of</c><00:32:01.680><c> abstraction</c><00:32:02.450><c> and</c><00:32:03.450><c> very</c>

00:32:03.920 --> 00:32:03.930 align:start position:0%
piece of layer of abstraction and very
 

00:32:03.930 --> 00:32:06.860 align:start position:0%
piece of layer of abstraction and very
useful<00:32:04.380><c> in</c><00:32:04.500><c> the</c><00:32:04.560><c> context</c><00:32:05.070><c> of</c><00:32:05.190><c> migrating</c><00:32:06.090><c> in</c><00:32:06.270><c> f1</c>

00:32:06.860 --> 00:32:06.870 align:start position:0%
useful in the context of migrating in f1
 

00:32:06.870 --> 00:32:09.170 align:start position:0%
useful in the context of migrating in f1
into<00:32:07.110><c> if</c><00:32:07.350><c> -</c><00:32:07.560><c> but</c><00:32:08.190><c> there</c><00:32:08.370><c> is</c><00:32:08.520><c> also</c><00:32:08.790><c> the</c>

00:32:09.170 --> 00:32:09.180 align:start position:0%
into if - but there is also the
 

00:32:09.180 --> 00:32:12.950 align:start position:0%
into if - but there is also the
possibility<00:32:09.330><c> that</c><00:32:10.760><c> you</c><00:32:11.760><c> know</c><00:32:11.790><c> E's</c><00:32:12.390><c> you</c><00:32:12.870><c> know</c>

00:32:12.950 --> 00:32:12.960 align:start position:0%
possibility that you know E's you know
 

00:32:12.960 --> 00:32:15.800 align:start position:0%
possibility that you know E's you know
add<00:32:13.320><c> extra</c><00:32:13.980><c> friction</c><00:32:14.250><c> between</c><00:32:14.760><c> them</c><00:32:15.240><c> in</c>

00:32:15.800 --> 00:32:15.810 align:start position:0%
add extra friction between them in
 

00:32:15.810 --> 00:32:17.750 align:start position:0%
add extra friction between them in
addition<00:32:16.170><c> to</c><00:32:16.500><c> the</c><00:32:16.620><c> friction</c><00:32:17.130><c> between</c><00:32:17.160><c> shots</c>

00:32:17.750 --> 00:32:17.760 align:start position:0%
addition to the friction between shots
 

00:32:17.760 --> 00:32:21.020 align:start position:0%
addition to the friction between shots
and<00:32:19.040><c> you</c><00:32:20.040><c> know</c><00:32:20.190><c> there's</c><00:32:20.640><c> also</c><00:32:20.820><c> the</c>

00:32:21.020 --> 00:32:21.030 align:start position:0%
and you know there's also the
 

00:32:21.030 --> 00:32:21.950 align:start position:0%
and you know there's also the
possibility<00:32:21.180><c> that</c><00:32:21.540><c> we'll</c><00:32:21.780><c> have</c>

00:32:21.950 --> 00:32:21.960 align:start position:0%
possibility that we'll have
 

00:32:21.960 --> 00:32:24.680 align:start position:0%
possibility that we'll have
unsustainable<00:32:22.770><c> ease</c><00:32:23.040><c> so</c><00:32:23.520><c> ease</c><00:32:24.000><c> for</c><00:32:24.300><c> example</c>

00:32:24.680 --> 00:32:24.690 align:start position:0%
unsustainable ease so ease for example
 

00:32:24.690 --> 00:32:27.740 align:start position:0%
unsustainable ease so ease for example
without<00:32:25.250><c> statement</c><00:32:26.300><c> similar</c><00:32:27.300><c> to</c><00:32:27.540><c> what</c><00:32:27.660><c> we</c>

00:32:27.740 --> 00:32:27.750 align:start position:0%
without statement similar to what we
 

00:32:27.750 --> 00:32:29.390 align:start position:0%
without statement similar to what we
have<00:32:27.900><c> right</c><00:32:28.050><c> now</c><00:32:28.110><c> and</c><00:32:28.260><c> if</c><00:32:28.530><c> one</c><00:32:28.770><c> and</c><00:32:29.040><c> if</c><00:32:29.250><c> they</c>

00:32:29.390 --> 00:32:29.400 align:start position:0%
have right now and if one and if they
 

00:32:29.400 --> 00:32:32.360 align:start position:0%
have right now and if one and if they
become<00:32:29.580><c> popular</c><00:32:29.910><c> then</c><00:32:30.440><c> you</c><00:32:31.440><c> know</c><00:32:31.530><c> it's</c><00:32:31.920><c> all</c>

00:32:32.360 --> 00:32:32.370 align:start position:0%
become popular then you know it's all
 

00:32:32.370 --> 00:32:34.730 align:start position:0%
become popular then you know it's all
sorts<00:32:32.640><c> of</c><00:32:32.670><c> complicated</c><00:32:33.060><c> questions</c><00:32:33.570><c> so</c><00:32:33.900><c> it</c><00:32:34.470><c> is</c>

00:32:34.730 --> 00:32:34.740 align:start position:0%
sorts of complicated questions so it is
 

00:32:34.740 --> 00:32:37.550 align:start position:0%
sorts of complicated questions so it is
possible<00:32:35.040><c> that</c><00:32:35.580><c> at</c><00:32:36.240><c> least</c><00:32:36.510><c> in</c><00:32:36.900><c> the</c><00:32:37.140><c> short</c><00:32:37.410><c> and</c>

00:32:37.550 --> 00:32:37.560 align:start position:0%
possible that at least in the short and
 

00:32:37.560 --> 00:32:39.830 align:start position:0%
possible that at least in the short and
medium<00:32:37.950><c> term</c><00:32:37.980><c> we</c><00:32:38.640><c> will</c><00:32:38.820><c> roll</c><00:32:39.210><c> out</c><00:32:39.420><c> with</c><00:32:39.690><c> some</c>

00:32:39.830 --> 00:32:39.840 align:start position:0%
medium term we will roll out with some
 

00:32:39.840 --> 00:32:42.470 align:start position:0%
medium term we will roll out with some
sort<00:32:40.080><c> of</c><00:32:40.140><c> default</c><00:32:40.830><c> and</c><00:32:41.040><c> shrine</c><00:32:41.430><c> de</c><00:32:41.640><c> some</c><00:32:42.330><c> sort</c>

00:32:42.470 --> 00:32:42.480 align:start position:0%
sort of default and shrine de some sort
 

00:32:42.480 --> 00:32:46.100 align:start position:0%
sort of default and shrine de some sort
of<00:32:42.710><c> you</c><00:32:43.710><c> know</c><00:32:43.740><c> native</c><00:32:44.160><c> if</c><00:32:44.400><c> tui</c><00:32:44.700><c> which</c><00:32:45.180><c> just</c>

00:32:46.100 --> 00:32:46.110 align:start position:0%
of you know native if tui which just
 

00:32:46.110 --> 00:32:49.940 align:start position:0%
of you know native if tui which just
acts<00:32:46.590><c> and</c><00:32:46.980><c> behaves</c><00:32:47.100><c> like</c><00:32:48.560><c> somewhat</c><00:32:49.560><c> like</c><00:32:49.740><c> if</c>

00:32:49.940 --> 00:32:49.950 align:start position:0%
acts and behaves like somewhat like if
 

00:32:49.950 --> 00:32:52.190 align:start position:0%
acts and behaves like somewhat like if
one<00:32:50.190><c> does</c><00:32:50.550><c> today</c><00:32:50.850><c> and</c><00:32:51.060><c> you</c><00:32:51.390><c> won't</c><00:32:51.510><c> have</c><00:32:51.840><c> that</c>

00:32:52.190 --> 00:32:52.200 align:start position:0%
one does today and you won't have that
 

00:32:52.200 --> 00:32:55.130 align:start position:0%
one does today and you won't have that
much<00:32:52.590><c> room</c><00:32:53.250><c> to</c><00:32:53.280><c> play</c><00:32:53.490><c> with</c><00:32:53.720><c> in</c><00:32:54.720><c> the</c><00:32:54.870><c> medium</c>

00:32:55.130 --> 00:32:55.140 align:start position:0%
much room to play with in the medium
 

00:32:55.140 --> 00:32:57.620 align:start position:0%
much room to play with in the medium
term<00:32:55.350><c> and</c><00:32:55.590><c> then</c><00:32:56.430><c> in</c><00:32:56.610><c> the</c><00:32:56.700><c> long</c><00:32:56.850><c> term</c><00:32:57.060><c> we</c><00:32:57.270><c> open</c>

00:32:57.620 --> 00:32:57.630 align:start position:0%
term and then in the long term we open
 

00:32:57.630 --> 00:33:00.410 align:start position:0%
term and then in the long term we open
up<00:32:57.720><c> the</c><00:32:57.870><c> ease</c><00:32:58.020><c> to</c><00:32:58.170><c> everyone</c><00:32:59.150><c> rate</c><00:33:00.150><c> but</c><00:33:00.270><c> how</c><00:33:00.360><c> do</c>

00:33:00.410 --> 00:33:00.420 align:start position:0%
up the ease to everyone rate but how do
 

00:33:00.420 --> 00:33:03.980 align:start position:0%
up the ease to everyone rate but how do
you<00:33:00.540><c> manage</c><00:33:00.690><c> that</c><00:33:00.900><c> process</c><00:33:02.180><c> of</c><00:33:03.180><c> opening</c><00:33:03.750><c> up</c><00:33:03.870><c> to</c>

00:33:03.980 --> 00:33:03.990 align:start position:0%
you manage that process of opening up to
 

00:33:03.990 --> 00:33:06.260 align:start position:0%
you manage that process of opening up to
everyone<00:33:04.320><c> right</c><00:33:04.670><c> well</c><00:33:05.670><c> that</c><00:33:05.880><c> will</c><00:33:06.030><c> happen</c>

00:33:06.260 --> 00:33:06.270 align:start position:0%
everyone right well that will happen
 

00:33:06.270 --> 00:33:08.090 align:start position:0%
everyone right well that will happen
under<00:33:06.390><c> consensus</c><00:33:06.990><c> layer</c><00:33:07.170><c> and</c><00:33:07.440><c> one</c><00:33:07.590><c> day</c><00:33:07.740><c> we</c><00:33:07.920><c> say</c>

00:33:08.090 --> 00:33:08.100 align:start position:0%
under consensus layer and one day we say
 

00:33:08.100 --> 00:33:13.010 align:start position:0%
under consensus layer and one day we say
hey<00:33:08.580><c> anyone</c><00:33:08.940><c> can</c><00:33:09.180><c> can</c><00:33:09.480><c> publish</c><00:33:09.750><c> an</c><00:33:09.900><c> e</c><00:33:10.850><c> so</c><00:33:12.020><c> you</c>

00:33:13.010 --> 00:33:13.020 align:start position:0%
hey anyone can can publish an e so you
 

00:33:13.020 --> 00:33:14.390 align:start position:0%
hey anyone can can publish an e so you
know<00:33:13.110><c> going</c><00:33:13.500><c> back</c><00:33:13.590><c> to</c><00:33:13.740><c> the</c><00:33:13.830><c> permissioning</c>

00:33:14.390 --> 00:33:14.400 align:start position:0%
know going back to the permissioning
 

00:33:14.400 --> 00:33:18.170 align:start position:0%
know going back to the permissioning
question<00:33:14.820><c> maybe</c><00:33:15.060><c> they</c><00:33:15.330><c> you</c><00:33:15.690><c> know</c><00:33:16.850><c> no</c><00:33:17.850><c> one</c><00:33:18.030><c> will</c>

00:33:18.170 --> 00:33:18.180 align:start position:0%
question maybe they you know no one will
 

00:33:18.180 --> 00:33:20.390 align:start position:0%
question maybe they you know no one will
be<00:33:18.270><c> able</c><00:33:18.420><c> to</c><00:33:18.630><c> publish</c><00:33:18.780><c> is</c><00:33:19.050><c> for</c><00:33:19.440><c> some</c><00:33:19.590><c> time</c><00:33:19.830><c> I'm</c>

00:33:20.390 --> 00:33:20.400 align:start position:0%
be able to publish is for some time I'm
 

00:33:20.400 --> 00:33:21.680 align:start position:0%
be able to publish is for some time I'm
not<00:33:20.520><c> saying</c><00:33:20.730><c> it</c><00:33:20.850><c> will</c><00:33:20.970><c> happen</c><00:33:21.300><c> there</c><00:33:21.510><c> it's</c><00:33:21.630><c> a</c>

00:33:21.680 --> 00:33:21.690 align:start position:0%
not saying it will happen there it's a
 

00:33:21.690 --> 00:33:26.590 align:start position:0%
not saying it will happen there it's a
possibility

00:33:26.590 --> 00:33:26.600 align:start position:0%
 
 

00:33:26.600 --> 00:33:31.160 align:start position:0%
 
all<00:33:27.600><c> right</c><00:33:27.750><c> questions</c><00:33:29.600><c> how</c><00:33:30.600><c> much</c><00:33:30.810><c> thought</c><00:33:30.990><c> is</c>

00:33:31.160 --> 00:33:31.170 align:start position:0%
all right questions how much thought is
 

00:33:31.170 --> 00:33:32.870 align:start position:0%
all right questions how much thought is
there<00:33:31.350><c> been</c><00:33:31.530><c> to</c><00:33:31.710><c> a</c><00:33:31.740><c> transparent</c><00:33:32.490><c> sharding</c>

00:33:32.870 --> 00:33:32.880 align:start position:0%
there been to a transparent sharding
 

00:33:32.880 --> 00:33:34.880 align:start position:0%
there been to a transparent sharding
where<00:33:33.060><c> that</c><00:33:33.570><c> developers</c><00:33:34.140><c> don't</c><00:33:34.350><c> have</c><00:33:34.470><c> to</c><00:33:34.770><c> UM</c>

00:33:34.880 --> 00:33:34.890 align:start position:0%
where that developers don't have to UM
 

00:33:34.890 --> 00:33:37.010 align:start position:0%
where that developers don't have to UM
figure<00:33:35.250><c> out</c><00:33:35.340><c> which</c><00:33:35.490><c> are</c><00:33:35.730><c> they</c><00:33:35.940><c> want</c><00:33:36.390><c> to</c><00:33:36.690><c> be</c><00:33:36.840><c> on</c>

00:33:37.010 --> 00:33:37.020 align:start position:0%
figure out which are they want to be on
 

00:33:37.020 --> 00:33:39.080 align:start position:0%
figure out which are they want to be on
because<00:33:37.440><c> if</c><00:33:38.280><c> you</c><00:33:38.430><c> give</c><00:33:38.580><c> them</c><00:33:38.700><c> that</c><00:33:38.880><c> choice</c>

00:33:39.080 --> 00:33:39.090 align:start position:0%
because if you give them that choice
 

00:33:39.090 --> 00:33:40.850 align:start position:0%
because if you give them that choice
maybe<00:33:39.510><c> they</c><00:33:39.720><c> all</c><00:33:39.810><c> just</c><00:33:40.050><c> all</c><00:33:40.200><c> choose</c><00:33:40.500><c> to</c><00:33:40.650><c> be</c><00:33:40.770><c> on</c>

00:33:40.850 --> 00:33:40.860 align:start position:0%
maybe they all just all choose to be on
 

00:33:40.860 --> 00:33:41.630 align:start position:0%
maybe they all just all choose to be on
the<00:33:40.980><c> same</c><00:33:41.160><c> shard</c>

00:33:41.630 --> 00:33:41.640 align:start position:0%
the same shard
 

00:33:41.640 --> 00:33:46.610 align:start position:0%
the same shard
I<00:33:44.120><c> mean</c><00:33:45.120><c> that's</c><00:33:45.300><c> one</c><00:33:45.450><c> of</c><00:33:45.540><c> the</c><00:33:45.660><c> really</c><00:33:46.410><c> good</c>

00:33:46.610 --> 00:33:46.620 align:start position:0%
I mean that's one of the really good
 

00:33:46.620 --> 00:33:48.740 align:start position:0%
I mean that's one of the really good
benefits<00:33:46.740><c> of</c><00:33:47.250><c> opening</c><00:33:47.730><c> up</c><00:33:47.850><c> two</c><00:33:47.970><c> E's</c><00:33:48.330><c> is</c><00:33:48.570><c> that</c>

00:33:48.740 --> 00:33:48.750 align:start position:0%
benefits of opening up two E's is that
 

00:33:48.750 --> 00:33:50.570 align:start position:0%
benefits of opening up two E's is that
all<00:33:48.930><c> this</c><00:33:49.080><c> innovation</c><00:33:49.290><c> on</c><00:33:49.890><c> transparent</c>

00:33:50.570 --> 00:33:50.580 align:start position:0%
all this innovation on transparent
 

00:33:50.580 --> 00:33:52.460 align:start position:0%
all this innovation on transparent
shouting<00:33:50.940><c> can</c><00:33:51.270><c> be</c><00:33:51.450><c> done</c><00:33:51.660><c> at</c><00:33:51.840><c> the</c><00:33:51.960><c> application</c>

00:33:52.460 --> 00:33:52.470 align:start position:0%
shouting can be done at the application
 

00:33:52.470 --> 00:33:55.280 align:start position:0%
shouting can be done at the application
layer<00:33:52.590><c> and</c><00:33:53.090><c> assess</c><00:33:54.090><c> consensus</c><00:33:54.660><c> like</c>

00:33:55.280 --> 00:33:55.290 align:start position:0%
layer and assess consensus like
 

00:33:55.290 --> 00:33:57.050 align:start position:0%
layer and assess consensus like
designers<00:33:55.950><c> we</c><00:33:56.100><c> don't</c><00:33:56.280><c> have</c><00:33:56.370><c> to</c><00:33:56.490><c> bother</c><00:33:56.910><c> about</c>

00:33:57.050 --> 00:33:57.060 align:start position:0%
designers we don't have to bother about
 

00:33:57.060 --> 00:34:01.400 align:start position:0%
designers we don't have to bother about
that<00:33:57.450><c> and</c><00:33:58.350><c> so</c><00:33:58.500><c> if</c><00:33:58.650><c> if</c><00:33:59.340><c> you</c><00:33:59.850><c> nail</c><00:34:00.360><c> polka</c><00:34:00.990><c> dot</c><00:34:01.260><c> or</c>

00:34:01.400 --> 00:34:01.410 align:start position:0%
that and so if if you nail polka dot or
 

00:34:01.410 --> 00:34:02.840 align:start position:0%
that and so if if you nail polka dot or
whatever<00:34:01.680><c> comes</c><00:34:01.980><c> up</c><00:34:02.130><c> with</c><00:34:02.310><c> some</c><00:34:02.490><c> cool</c>

00:34:02.840 --> 00:34:02.850 align:start position:0%
whatever comes up with some cool
 

00:34:02.850 --> 00:34:05.630 align:start position:0%
whatever comes up with some cool
innovation<00:34:03.390><c> that</c><00:34:03.570><c> can</c><00:34:03.810><c> be</c><00:34:03.960><c> integrated</c><00:34:04.640><c> with</c>

00:34:05.630 --> 00:34:05.640 align:start position:0%
innovation that can be integrated with
 

00:34:05.640 --> 00:34:08.030 align:start position:0%
innovation that can be integrated with
very<00:34:05.940><c> little</c><00:34:06.300><c> friction</c><00:34:06.770><c> and</c><00:34:07.770><c> there's</c><00:34:07.920><c> already</c>

00:34:08.030 --> 00:34:08.040 align:start position:0%
very little friction and there's already
 

00:34:08.040 --> 00:34:10.670 align:start position:0%
very little friction and there's already
ideas<00:34:08.580><c> out</c><00:34:08.940><c> there</c><00:34:09.270><c> for</c>

00:34:10.670 --> 00:34:10.680 align:start position:0%
ideas out there for
 

00:34:10.680 --> 00:34:13.640 align:start position:0%
ideas out there for
you<00:34:10.920><c> know</c><00:34:11.010><c> using</c><00:34:11.460><c> the</c><00:34:11.580><c> shards</c><00:34:12.060><c> as</c><00:34:12.560><c> you</c><00:34:13.560><c> know</c>

00:34:13.640 --> 00:34:13.650 align:start position:0%
you know using the shards as you know
 

00:34:13.650 --> 00:34:18.110 align:start position:0%
you know using the shards as you know
fungible<00:34:14.810><c> data</c><00:34:15.810><c> availability</c><00:34:16.320><c> resource</c><00:34:17.190><c> that</c>

00:34:18.110 --> 00:34:18.120 align:start position:0%
fungible data availability resource that
 

00:34:18.120 --> 00:34:23.950 align:start position:0%
fungible data availability resource that
can<00:34:18.300><c> be</c><00:34:18.420><c> used</c><00:34:20.180><c> and</c><00:34:21.180><c> kind</c><00:34:21.570><c> of</c><00:34:21.630><c> decoupling</c><00:34:22.470><c> the</c>

00:34:23.950 --> 00:34:23.960 align:start position:0%
can be used and kind of decoupling the
 

00:34:23.960 --> 00:34:26.570 align:start position:0%
can be used and kind of decoupling the
the<00:34:24.960><c> the</c><00:34:25.140><c> logical</c><00:34:25.590><c> centralization</c><00:34:26.340><c> of</c><00:34:26.520><c> the</c>

00:34:26.570 --> 00:34:26.580 align:start position:0%
the the logical centralization of the
 

00:34:26.580 --> 00:34:28.970 align:start position:0%
the the logical centralization of the
application<00:34:27.210><c> from</c><00:34:27.570><c> the</c><00:34:27.810><c> underlying</c><00:34:28.320><c> resource</c>

00:34:28.970 --> 00:34:28.980 align:start position:0%
application from the underlying resource
 

00:34:28.980 --> 00:34:31.490 align:start position:0%
application from the underlying resource
which<00:34:29.220><c> is</c><00:34:29.250><c> shorted</c><00:34:29.880><c> who</c><00:34:30.750><c> decides</c><00:34:31.110><c> where</c><00:34:31.380><c> the</c>

00:34:31.490 --> 00:34:31.500 align:start position:0%
which is shorted who decides where the
 

00:34:31.500 --> 00:34:33.170 align:start position:0%
which is shorted who decides where the
application<00:34:32.070><c> goes</c><00:34:32.310><c> like</c><00:34:32.850><c> does</c><00:34:33.090><c> the</c>

00:34:33.170 --> 00:34:33.180 align:start position:0%
application goes like does the
 

00:34:33.180 --> 00:34:34.640 align:start position:0%
application goes like does the
application<00:34:33.630><c> get</c><00:34:33.780><c> to</c><00:34:33.900><c> decide</c><00:34:34.080><c> what</c><00:34:34.290><c> shard</c><00:34:34.500><c> it</c>

00:34:34.640 --> 00:34:34.650 align:start position:0%
application get to decide what shard it
 

00:34:34.650 --> 00:34:36.830 align:start position:0%
application get to decide what shard it
goes<00:34:34.800><c> on</c><00:34:34.980><c> or</c><00:34:35.520><c> is</c><00:34:35.670><c> it</c><00:34:35.790><c> do</c><00:34:36.300><c> they</c><00:34:36.420><c> have</c><00:34:36.540><c> no</c><00:34:36.660><c> control</c>

00:34:36.830 --> 00:34:36.840 align:start position:0%
goes on or is it do they have no control
 

00:34:36.840 --> 00:34:41.750 align:start position:0%
goes on or is it do they have no control
over<00:34:36.990><c> that</c><00:34:37.200><c> I</c><00:34:38.630><c> mean</c><00:34:39.770><c> at</c><00:34:40.770><c> the</c><00:34:40.860><c> lower</c><00:34:41.070><c> level</c><00:34:41.430><c> the</c>

00:34:41.750 --> 00:34:41.760 align:start position:0%
over that I mean at the lower level the
 

00:34:41.760 --> 00:34:44.840 align:start position:0%
over that I mean at the lower level the
every<00:34:42.330><c> de</c><00:34:42.660><c> lives</c><00:34:43.650><c> in</c><00:34:43.920><c> the</c><00:34:44.010><c> beacon</c><00:34:44.310><c> chain</c><00:34:44.550><c> and</c>

00:34:44.840 --> 00:34:44.850 align:start position:0%
every de lives in the beacon chain and
 

00:34:44.850 --> 00:34:47.270 align:start position:0%
every de lives in the beacon chain and
it's<00:34:45.270><c> made</c><00:34:45.480><c> accessible</c><00:34:45.780><c> to</c><00:34:46.050><c> every</c><00:34:46.440><c> shard</c><00:34:46.710><c> but</c>

00:34:47.270 --> 00:34:47.280 align:start position:0%
it's made accessible to every shard but
 

00:34:47.280 --> 00:34:52.550 align:start position:0%
it's made accessible to every shard but
then<00:34:47.490><c> you</c><00:34:48.480><c> know</c><00:34:49.700><c> then</c><00:34:50.700><c> it</c><00:34:51.690><c> becomes</c><00:34:52.440><c> a</c><00:34:52.530><c> question</c>

00:34:52.550 --> 00:34:52.560 align:start position:0%
then you know then it becomes a question
 

00:34:52.560 --> 00:34:55.610 align:start position:0%
then you know then it becomes a question
of<00:34:53.270><c> for</c><00:34:54.270><c> the</c><00:34:54.360><c> dab</c><00:34:54.510><c> developers</c><00:34:55.020><c> how</c><00:34:55.260><c> do</c><00:34:55.320><c> they</c>

00:34:55.610 --> 00:34:55.620 align:start position:0%
of for the dab developers how do they
 

00:34:55.620 --> 00:34:58.880 align:start position:0%
of for the dab developers how do they
want<00:34:55.920><c> to</c><00:34:56.220><c> you</c><00:34:57.210><c> know</c><00:34:57.300><c> I've</c><00:34:57.540><c> you</c><00:34:58.050><c> know</c><00:34:58.080><c> restrict</c>

00:34:58.880 --> 00:34:58.890 align:start position:0%
want to you know I've you know restrict
 

00:34:58.890 --> 00:35:02.690 align:start position:0%
want to you know I've you know restrict
themselves<00:34:59.190><c> to</c><00:34:59.520><c> a</c><00:34:59.640><c> specific</c><00:35:00.060><c> shard</c><00:35:00.590><c> or</c><00:35:01.700><c> have</c>

00:35:02.690 --> 00:35:02.700 align:start position:0%
themselves to a specific shard or have
 

00:35:02.700 --> 00:35:05.330 align:start position:0%
themselves to a specific shard or have
some<00:35:02.880><c> sort</c><00:35:03.030><c> of</c><00:35:03.060><c> virtual</c><00:35:03.600><c> or</c><00:35:04.200><c> virtual</c><00:35:05.040><c> virtual</c>

00:35:05.330 --> 00:35:05.340 align:start position:0%
some sort of virtual or virtual virtual
 

00:35:05.340 --> 00:35:08.330 align:start position:0%
some sort of virtual or virtual virtual
execution<00:35:06.000><c> environment</c><00:35:06.900><c> which</c><00:35:07.080><c> is</c><00:35:07.340><c> separate</c>

00:35:08.330 --> 00:35:08.340 align:start position:0%
execution environment which is separate
 

00:35:08.340 --> 00:35:13.120 align:start position:0%
execution environment which is separate
from<00:35:08.520><c> the</c><00:35:08.730><c> the</c><00:35:09.240><c> consensus</c><00:35:09.810><c> level</c><00:35:10.170><c> concept</c>

00:35:13.120 --> 00:35:13.130 align:start position:0%
 
 

00:35:13.130 --> 00:35:15.830 align:start position:0%
 
also<00:35:14.130><c> within</c><00:35:14.340><c> e</c><00:35:14.790><c> development</c><00:35:15.630><c> there's</c>

00:35:15.830 --> 00:35:15.840 align:start position:0%
also within e development there's
 

00:35:15.840 --> 00:35:17.780 align:start position:0%
also within e development there's
there's<00:35:16.290><c> a</c><00:35:16.380><c> few</c><00:35:16.530><c> things</c><00:35:16.710><c> you</c><00:35:16.830><c> can</c><00:35:16.950><c> do</c><00:35:17.100><c> and</c><00:35:17.310><c> you</c>

00:35:17.780 --> 00:35:17.790 align:start position:0%
there's a few things you can do and you
 

00:35:17.790 --> 00:35:21.080 align:start position:0%
there's a few things you can do and you
know<00:35:17.880><c> when</c><00:35:18.060><c> when</c><00:35:18.420><c> this</c><00:35:18.540><c> opens</c><00:35:18.930><c> up</c><00:35:19.050><c> as</c><00:35:19.410><c> well</c><00:35:20.090><c> I</c>

00:35:21.080 --> 00:35:21.090 align:start position:0%
know when when this opens up as well I
 

00:35:21.090 --> 00:35:22.700 align:start position:0%
know when when this opens up as well I
think<00:35:21.750><c> there</c><00:35:21.870><c> are</c><00:35:21.900><c> a</c><00:35:21.960><c> couple</c><00:35:22.110><c> questions</c><00:35:22.350><c> so</c>

00:35:22.700 --> 00:35:22.710 align:start position:0%
think there are a couple questions so
 

00:35:22.710 --> 00:35:25.010 align:start position:0%
think there are a couple questions so
one<00:35:22.920><c> one</c><00:35:23.280><c> question</c><00:35:23.430><c> is</c><00:35:23.850><c> do</c><00:35:24.630><c> you</c><00:35:24.660><c> have</c><00:35:24.750><c> to</c>

00:35:25.010 --> 00:35:25.020 align:start position:0%
one one question is do you have to
 

00:35:25.020 --> 00:35:26.930 align:start position:0%
one one question is do you have to
deploy<00:35:25.290><c> to</c><00:35:25.530><c> the</c><00:35:25.560><c> beacon</c><00:35:25.860><c> chain</c><00:35:26.070><c> and</c><00:35:26.340><c> do</c><00:35:26.850><c> you</c>

00:35:26.930 --> 00:35:26.940 align:start position:0%
deploy to the beacon chain and do you
 

00:35:26.940 --> 00:35:28.990 align:start position:0%
deploy to the beacon chain and do you
also<00:35:27.090><c> have</c><00:35:27.300><c> to</c><00:35:27.420><c> deploy</c><00:35:27.630><c> to</c><00:35:28.050><c> multiple</c><00:35:28.080><c> shards</c>

00:35:28.990 --> 00:35:29.000 align:start position:0%
also have to deploy to multiple shards
 

00:35:29.000 --> 00:35:31.190 align:start position:0%
also have to deploy to multiple shards
or<00:35:30.000><c> do</c><00:35:30.120><c> you</c><00:35:30.210><c> automatically</c><00:35:30.960><c> have</c><00:35:31.170><c> it</c>

00:35:31.190 --> 00:35:31.200 align:start position:0%
or do you automatically have it
 

00:35:31.200 --> 00:35:34.190 align:start position:0%
or do you automatically have it
available<00:35:31.470><c> across</c><00:35:32.160><c> all</c><00:35:32.430><c> the</c><00:35:32.550><c> shards</c><00:35:33.200><c> so</c>

00:35:34.190 --> 00:35:34.200 align:start position:0%
available across all the shards so
 

00:35:34.200 --> 00:35:36.230 align:start position:0%
available across all the shards so
that's<00:35:34.350><c> one</c><00:35:34.530><c> piece</c><00:35:34.740><c> but</c><00:35:35.280><c> also</c><00:35:35.550><c> within</c><00:35:35.940><c> your</c>

00:35:36.230 --> 00:35:36.240 align:start position:0%
that's one piece but also within your
 

00:35:36.240 --> 00:35:38.030 align:start position:0%
that's one piece but also within your
execution<00:35:36.810><c> environment</c><00:35:37.290><c> you</c><00:35:37.860><c> could</c>

00:35:38.030 --> 00:35:38.040 align:start position:0%
execution environment you could
 

00:35:38.040 --> 00:35:43.100 align:start position:0%
execution environment you could
technically<00:35:38.610><c> build</c><00:35:40.250><c> some</c><00:35:41.570><c> basic</c><00:35:42.570><c> level</c><00:35:42.780><c> of</c>

00:35:43.100 --> 00:35:43.110 align:start position:0%
technically build some basic level of
 

00:35:43.110 --> 00:35:44.740 align:start position:0%
technically build some basic level of
scheduling<00:35:43.680><c> yourself</c><00:35:44.100><c> as</c><00:35:44.280><c> well</c>

00:35:44.740 --> 00:35:44.750 align:start position:0%
scheduling yourself as well
 

00:35:44.750 --> 00:35:49.940 align:start position:0%
scheduling yourself as well
saying<00:35:45.750><c> I</c><00:35:46.110><c> will</c><00:35:46.800><c> only</c><00:35:47.130><c> operates</c><00:35:47.640><c> or</c><00:35:47.970><c> in</c><00:35:48.950><c> you</c>

00:35:49.940 --> 00:35:49.950 align:start position:0%
saying I will only operates or in you
 

00:35:49.950 --> 00:35:52.820 align:start position:0%
saying I will only operates or in you
know<00:35:49.980><c> certain</c><00:35:50.370><c> transactions</c><00:35:51.260><c> on</c><00:35:52.260><c> short</c><00:35:52.590><c> five</c>

00:35:52.820 --> 00:35:52.830 align:start position:0%
know certain transactions on short five
 

00:35:52.830 --> 00:35:53.690 align:start position:0%
know certain transactions on short five
four

00:35:53.690 --> 00:35:53.700 align:start position:0%
four
 

00:35:53.700 --> 00:35:56.510 align:start position:0%
four
you<00:35:53.790><c> know</c><00:35:53.910><c> this</c><00:35:54.210><c> series</c><00:35:54.750><c> of</c><00:35:54.900><c> epics</c><00:35:55.260><c> or</c><00:35:55.530><c> shard</c>

00:35:56.510 --> 00:35:56.520 align:start position:0%
you know this series of epics or shard
 

00:35:56.520 --> 00:35:58.580 align:start position:0%
you know this series of epics or shard
five<00:35:56.730><c> six</c><00:35:57.210><c> and</c><00:35:57.390><c> seven</c><00:35:57.480><c> for</c><00:35:57.930><c> this</c><00:35:58.080><c> series</c><00:35:58.470><c> of</c>

00:35:58.580 --> 00:35:58.590 align:start position:0%
five six and seven for this series of
 

00:35:58.590 --> 00:36:00.920 align:start position:0%
five six and seven for this series of
epics<00:35:58.970><c> so</c><00:35:59.970><c> there's</c><00:36:00.120><c> a</c><00:36:00.180><c> lot</c><00:36:00.300><c> of</c><00:36:00.390><c> flexibility</c>

00:36:00.920 --> 00:36:00.930 align:start position:0%
epics so there's a lot of flexibility
 

00:36:00.930 --> 00:36:03.050 align:start position:0%
epics so there's a lot of flexibility
and<00:36:01.020><c> how</c><00:36:01.230><c> how</c><00:36:01.620><c> you</c><00:36:01.680><c> can</c><00:36:01.890><c> write</c><00:36:02.040><c> these</c><00:36:02.250><c> and</c><00:36:02.610><c> how</c>

00:36:03.050 --> 00:36:03.060 align:start position:0%
and how how you can write these and how
 

00:36:03.060 --> 00:36:04.550 align:start position:0%
and how how you can write these and how
you<00:36:03.120><c> may</c><00:36:03.330><c> be</c><00:36:03.360><c> able</c><00:36:03.630><c> to</c><00:36:03.840><c> enforce</c><00:36:04.260><c> the</c><00:36:04.440><c> load</c>

00:36:04.550 --> 00:36:04.560 align:start position:0%
you may be able to enforce the load
 

00:36:04.560 --> 00:36:07.640 align:start position:0%
you may be able to enforce the load
balancing<00:36:05.130><c> yourself</c><00:36:06.090><c> just</c><00:36:06.840><c> within</c><00:36:07.080><c> the</c>

00:36:07.640 --> 00:36:07.650 align:start position:0%
balancing yourself just within the
 

00:36:07.650 --> 00:36:09.020 align:start position:0%
balancing yourself just within the
semantics<00:36:08.190><c> behind</c><00:36:08.490><c> an</c><00:36:08.580><c> execution</c>

00:36:09.020 --> 00:36:09.030 align:start position:0%
semantics behind an execution
 

00:36:09.030 --> 00:36:13.260 align:start position:0%
semantics behind an execution
environment

00:36:13.260 --> 00:36:13.270 align:start position:0%
 
 

00:36:13.270 --> 00:36:18.220 align:start position:0%
 
are<00:36:14.270><c> we</c><00:36:14.390><c> going</c><00:36:14.600><c> to</c><00:36:14.690><c> retain</c><00:36:15.220><c> the</c><00:36:17.230><c> financial</c>

00:36:18.220 --> 00:36:18.230 align:start position:0%
are we going to retain the financial
 

00:36:18.230 --> 00:36:22.240 align:start position:0%
are we going to retain the financial
Lego<00:36:19.600><c> that</c><00:36:20.600><c> we've</c><00:36:20.720><c> got</c><00:36:20.930><c> a</c><00:36:21.140><c> plug</c><00:36:22.040><c> and</c><00:36:22.190><c> play</c>

00:36:22.240 --> 00:36:22.250 align:start position:0%
Lego that we've got a plug and play
 

00:36:22.250 --> 00:36:24.850 align:start position:0%
Lego that we've got a plug and play
between<00:36:23.620><c> composability</c>

00:36:24.850 --> 00:36:24.860 align:start position:0%
between composability
 

00:36:24.860 --> 00:36:29.470 align:start position:0%
between composability
that<00:36:25.430><c> are</c><00:36:25.610><c> we</c><00:36:25.730><c> losing</c><00:36:26.030><c> that</c><00:36:26.390><c> or</c><00:36:28.480><c> compromising</c>

00:36:29.470 --> 00:36:29.480 align:start position:0%
that are we losing that or compromising
 

00:36:29.480 --> 00:36:34.180 align:start position:0%
that are we losing that or compromising
that<00:36:29.630><c> with</c><00:36:29.960><c> the</c><00:36:30.080><c> sharding</c><00:36:32.710><c> from</c><00:36:33.710><c> a</c><00:36:33.800><c> tooling</c>

00:36:34.180 --> 00:36:34.190 align:start position:0%
that with the sharding from a tooling
 

00:36:34.190 --> 00:36:37.780 align:start position:0%
that with the sharding from a tooling
perspective<00:36:34.760><c> well</c><00:36:35.660><c> right</c><00:36:35.870><c> now</c><00:36:36.050><c> you</c><00:36:36.110><c> can</c><00:36:36.790><c> you</c>

00:36:37.780 --> 00:36:37.790 align:start position:0%
perspective well right now you can you
 

00:36:37.790 --> 00:36:40.570 align:start position:0%
perspective well right now you can you
know<00:36:37.910><c> you</c><00:36:38.240><c> can</c><00:36:38.420><c> plug</c><00:36:39.130><c> compound</c><00:36:40.130><c> and</c><00:36:40.400><c> die</c>

00:36:40.570 --> 00:36:40.580 align:start position:0%
know you can plug compound and die
 

00:36:40.580 --> 00:36:43.870 align:start position:0%
know you can plug compound and die
together<00:36:41.090><c> or</c><00:36:41.480><c> something</c><00:36:41.920><c> if</c><00:36:42.920><c> you</c><00:36:43.370><c> don't</c><00:36:43.640><c> know</c>

00:36:43.870 --> 00:36:43.880 align:start position:0%
together or something if you don't know
 

00:36:43.880 --> 00:36:45.970 align:start position:0%
together or something if you don't know
if<00:36:44.090><c> your</c><00:36:44.480><c> Lego</c><00:36:44.720><c> blocks</c><00:36:45.080><c> are</c><00:36:45.290><c> now</c><00:36:45.410><c> on</c><00:36:45.590><c> different</c>

00:36:45.970 --> 00:36:45.980 align:start position:0%
if your Lego blocks are now on different
 

00:36:45.980 --> 00:36:48.940 align:start position:0%
if your Lego blocks are now on different
shards<00:36:46.340><c> and</c><00:36:46.460><c> they</c><00:36:46.880><c> can't</c><00:36:47.120><c> interrupt</c><00:36:47.950><c> without</c>

00:36:48.940 --> 00:36:48.950 align:start position:0%
shards and they can't interrupt without
 

00:36:48.950 --> 00:36:51.730 align:start position:0%
shards and they can't interrupt without
cross<00:36:49.760><c> shard</c><00:36:50.000><c> links</c><00:36:50.390><c> which</c><00:36:51.110><c> might</c><00:36:51.320><c> be</c><00:36:51.470><c> slower</c>

00:36:51.730 --> 00:36:51.740 align:start position:0%
cross shard links which might be slower
 

00:36:51.740 --> 00:36:57.820 align:start position:0%
cross shard links which might be slower
and<00:36:52.100><c> have</c><00:36:52.310><c> some</c><00:36:52.490><c> penalty</c><00:36:55.510><c> I</c><00:36:56.510><c> mean</c><00:36:57.350><c> I</c><00:36:57.470><c> get</c><00:36:57.680><c> the</c>

00:36:57.820 --> 00:36:57.830 align:start position:0%
and have some penalty I mean I get the
 

00:36:57.830 --> 00:37:00.550 align:start position:0%
and have some penalty I mean I get the
concern<00:36:58.340><c> but</c><00:36:58.580><c> I</c><00:36:58.700><c> think</c><00:36:59.090><c> all</c><00:36:59.630><c> of</c><00:36:59.660><c> the</c><00:36:59.990><c> kind</c><00:37:00.200><c> of</c><00:37:00.290><c> T</c>

00:37:00.550 --> 00:37:00.560 align:start position:0%
concern but I think all of the kind of T
 

00:37:00.560 --> 00:37:02.650 align:start position:0%
concern but I think all of the kind of T
Phi<00:37:00.770><c> integrations</c><00:37:01.580><c> like</c><00:37:01.910><c> for</c><00:37:02.150><c> just</c><00:37:02.300><c> as</c><00:37:02.450><c> one</c>

00:37:02.650 --> 00:37:02.660 align:start position:0%
Phi integrations like for just as one
 

00:37:02.660 --> 00:37:04.480 align:start position:0%
Phi integrations like for just as one
example<00:37:02.810><c> I've</c><00:37:03.290><c> seen</c><00:37:03.470><c> in</c><00:37:03.650><c> practice</c><00:37:04.130><c> I</c><00:37:04.310><c> don't</c>

00:37:04.480 --> 00:37:04.490 align:start position:0%
example I've seen in practice I don't
 

00:37:04.490 --> 00:37:06.070 align:start position:0%
example I've seen in practice I don't
think<00:37:04.700><c> any</c><00:37:04.880><c> of</c><00:37:05.000><c> them</c><00:37:05.210><c> really</c><00:37:05.450><c> break</c><00:37:05.780><c> from</c><00:37:05.960><c> me</c>

00:37:06.070 --> 00:37:06.080 align:start position:0%
think any of them really break from me
 

00:37:06.080 --> 00:37:08.500 align:start position:0%
think any of them really break from me
synchrony<00:37:06.530><c> one</c><00:37:07.490><c> of</c><00:37:07.610><c> the</c><00:37:07.730><c> reasons</c><00:37:08.060><c> why</c><00:37:08.270><c> is</c><00:37:08.330><c> that</c>

00:37:08.500 --> 00:37:08.510 align:start position:0%
synchrony one of the reasons why is that
 

00:37:08.510 --> 00:37:10.390 align:start position:0%
synchrony one of the reasons why is that
half<00:37:08.870><c> of</c><00:37:09.020><c> these</c><00:37:09.170><c> integrations</c><00:37:09.830><c> just</c><00:37:10.100><c> happen</c>

00:37:10.390 --> 00:37:10.400 align:start position:0%
half of these integrations just happen
 

00:37:10.400 --> 00:37:12.250 align:start position:0%
half of these integrations just happen
to<00:37:10.520><c> do</c><00:37:10.670><c> with</c><00:37:10.790><c> like</c><00:37:11.000><c> one</c><00:37:11.240><c> system</c><00:37:11.630><c> containing</c><00:37:12.170><c> a</c>

00:37:12.250 --> 00:37:12.260 align:start position:0%
to do with like one system containing a
 

00:37:12.260 --> 00:37:14.800 align:start position:0%
to do with like one system containing a
token<00:37:12.590><c> from</c><00:37:12.710><c> another</c><00:37:13.010><c> system</c><00:37:13.520><c> but</c><00:37:14.180><c> tokens</c><00:37:14.660><c> are</c>

00:37:14.800 --> 00:37:14.810 align:start position:0%
token from another system but tokens are
 

00:37:14.810 --> 00:37:16.720 align:start position:0%
token from another system but tokens are
a<00:37:14.840><c> thing</c><00:37:15.320><c> that's</c><00:37:15.560><c> like</c><00:37:15.830><c> they've</c><00:37:16.100><c> probably</c>

00:37:16.720 --> 00:37:16.730 align:start position:0%
a thing that's like they've probably
 

00:37:16.730 --> 00:37:18.310 align:start position:0%
a thing that's like they've probably
easier<00:37:17.210><c> than</c><00:37:17.390><c> anything</c><00:37:17.600><c> else</c><00:37:17.840><c> to</c><00:37:17.930><c> move</c><00:37:18.110><c> across</c>

00:37:18.310 --> 00:37:18.320 align:start position:0%
easier than anything else to move across
 

00:37:18.320 --> 00:37:20.830 align:start position:0%
easier than anything else to move across
shards<00:37:18.770><c> you</c><00:37:18.950><c> just</c><00:37:19.190><c> like</c><00:37:19.460><c> yank</c><00:37:20.210><c> the</c><00:37:20.360><c> contract</c>

00:37:20.830 --> 00:37:20.840 align:start position:0%
shards you just like yank the contract
 

00:37:20.840 --> 00:37:23.560 align:start position:0%
shards you just like yank the contract
over<00:37:21.170><c> and</c><00:37:21.380><c> like</c><00:37:21.650><c> one</c><00:37:21.890><c> one</c><00:37:22.730><c> myrtle</c><00:37:23.090><c> branches</c>

00:37:23.560 --> 00:37:23.570 align:start position:0%
over and like one one myrtle branches
 

00:37:23.570 --> 00:37:25.870 align:start position:0%
over and like one one myrtle branches
and<00:37:24.530><c> it's</c><00:37:24.740><c> like</c><00:37:25.070><c> somewhere</c><00:37:25.400><c> else</c><00:37:25.550><c> wherever</c>

00:37:25.870 --> 00:37:25.880 align:start position:0%
and it's like somewhere else wherever
 

00:37:25.880 --> 00:37:32.100 align:start position:0%
and it's like somewhere else wherever
you<00:37:26.060><c> want</c><00:37:26.240><c> it</c><00:37:26.360><c> to</c><00:37:26.390><c> be</c><00:37:26.630><c> him</c><00:37:26.720><c> I</c><00:37:27.250><c> think</c><00:37:29.320><c> the</c><00:37:30.320><c> thing</c>

00:37:32.100 --> 00:37:32.110 align:start position:0%
you want it to be him I think the thing
 

00:37:32.110 --> 00:37:35.500 align:start position:0%
you want it to be him I think the thing
and<00:37:33.110><c> then</c><00:37:33.380><c> if</c><00:37:33.530><c> you</c><00:37:33.680><c> look</c><00:37:33.920><c> at</c><00:37:34.070><c> like</c><00:37:34.340><c> even</c><00:37:34.670><c> unit</c>

00:37:35.500 --> 00:37:35.510 align:start position:0%
and then if you look at like even unit
 

00:37:35.510 --> 00:37:37.300 align:start position:0%
and then if you look at like even unit
swap<00:37:35.750><c> for</c><00:37:35.960><c> example</c><00:37:36.440><c> just</c><00:37:36.740><c> moves</c><00:37:36.920><c> tokens</c>

00:37:37.300 --> 00:37:37.310 align:start position:0%
swap for example just moves tokens
 

00:37:37.310 --> 00:37:38.590 align:start position:0%
swap for example just moves tokens
around<00:37:37.580><c> you</c><00:37:37.670><c> move</c><00:37:37.760><c> the</c><00:37:37.910><c> token</c><00:37:38.210><c> to</c><00:37:38.240><c> the</c><00:37:38.330><c> unit</c>

00:37:38.590 --> 00:37:38.600 align:start position:0%
around you move the token to the unit
 

00:37:38.600 --> 00:37:40.150 align:start position:0%
around you move the token to the unit
swap<00:37:38.780><c> shard</c><00:37:39.050><c> swap</c><00:37:39.380><c> it</c><00:37:39.560><c> move</c><00:37:39.710><c> a</c><00:37:39.800><c> token</c>

00:37:40.150 --> 00:37:40.160 align:start position:0%
swap shard swap it move a token
 

00:37:40.160 --> 00:37:43.720 align:start position:0%
swap shard swap it move a token
somewhere<00:37:40.640><c> else</c><00:37:40.790><c> so</c><00:37:41.830><c> most</c><00:37:42.830><c> of</c><00:37:43.130><c> the</c><00:37:43.310><c> the</c>

00:37:43.720 --> 00:37:43.730 align:start position:0%
somewhere else so most of the the
 

00:37:43.730 --> 00:37:46.000 align:start position:0%
somewhere else so most of the the
integrations<00:37:44.420><c> do</c><00:37:44.660><c> kind</c><00:37:44.870><c> of</c><00:37:44.990><c> work</c><00:37:45.230><c> like</c><00:37:45.530><c> work</c>

00:37:46.000 --> 00:37:46.010 align:start position:0%
integrations do kind of work like work
 

00:37:46.010 --> 00:37:47.890 align:start position:0%
integrations do kind of work like work
that<00:37:46.280><c> way</c><00:37:46.460><c> the</c><00:37:46.790><c> ones</c><00:37:47.240><c> that</c><00:37:47.450><c> don't</c><00:37:47.630><c> are</c>

00:37:47.890 --> 00:37:47.900 align:start position:0%
that way the ones that don't are
 

00:37:47.900 --> 00:37:49.960 align:start position:0%
that way the ones that don't are
basically<00:37:48.440><c> the</c><00:37:48.590><c> ones</c><00:37:48.770><c> that</c><00:37:48.980><c> involve</c><00:37:49.280><c> kind</c><00:37:49.850><c> of</c>

00:37:49.960 --> 00:37:49.970 align:start position:0%
basically the ones that involve kind of
 

00:37:49.970 --> 00:37:51.850 align:start position:0%
basically the ones that involve kind of
synchronous<00:37:50.480><c> we</c><00:37:50.630><c> calling</c><00:37:50.960><c> other</c><00:37:51.140><c> Apple</c><00:37:51.470><c> other</c>

00:37:51.850 --> 00:37:51.860 align:start position:0%
synchronous we calling other Apple other
 

00:37:51.860 --> 00:37:54.580 align:start position:0%
synchronous we calling other Apple other
applications<00:37:52.640><c> but</c><00:37:53.000><c> like</c><00:37:53.180><c> even</c><00:37:53.960><c> in</c><00:37:54.230><c> that</c><00:37:54.350><c> case</c>

00:37:54.580 --> 00:37:54.590 align:start position:0%
applications but like even in that case
 

00:37:54.590 --> 00:37:56.530 align:start position:0%
applications but like even in that case
a<00:37:54.800><c> lot</c><00:37:54.980><c> of</c><00:37:55.100><c> a</c><00:37:55.250><c> lot</c><00:37:55.430><c> of</c><00:37:55.550><c> the</c><00:37:55.670><c> calls</c><00:37:55.850><c> are</c><00:37:56.030><c> AC</c><00:37:56.210><c> like</c>

00:37:56.530 --> 00:37:56.540 align:start position:0%
a lot of a lot of the calls are AC like
 

00:37:56.540 --> 00:37:58.930 align:start position:0%
a lot of a lot of the calls are AC like
dude<00:37:56.780><c> tends</c><00:37:57.140><c> to</c><00:37:57.350><c> be</c><00:37:57.470><c> a</c><00:37:57.500><c> a</c><00:37:57.800><c> synchronous</c><00:37:58.700><c> or</c><00:37:58.880><c> at</c>

00:37:58.930 --> 00:37:58.940 align:start position:0%
dude tends to be a a synchronous or at
 

00:37:58.940 --> 00:38:00.340 align:start position:0%
dude tends to be a a synchronous or at
least<00:37:59.120><c> would</c><00:37:59.300><c> be</c><00:37:59.330><c> perfectly</c><00:37:59.780><c> fine</c><00:37:59.900><c> if</c><00:38:00.260><c> you</c>

00:38:00.340 --> 00:38:00.350 align:start position:0%
least would be perfectly fine if you
 

00:38:00.350 --> 00:38:01.750 align:start position:0%
least would be perfectly fine if you
didn't<00:38:00.710><c> move</c><00:38:00.770><c> in</c><00:38:01.040><c> did</c><00:38:01.430><c> them</c><00:38:01.580><c> in</c><00:38:01.640><c> an</c>

00:38:01.750 --> 00:38:01.760 align:start position:0%
didn't move in did them in an
 

00:38:01.760 --> 00:38:05.260 align:start position:0%
didn't move in did them in an
asynchronous<00:38:02.180><c> way</c><00:38:02.480><c> so</c><00:38:03.370><c> now</c><00:38:04.370><c> we</c><00:38:04.580><c> start</c><00:38:04.640><c> given</c>

00:38:05.260 --> 00:38:05.270 align:start position:0%
asynchronous way so now we start given
 

00:38:05.270 --> 00:38:06.910 align:start position:0%
asynchronous way so now we start given
the<00:38:05.390><c> applications</c><00:38:06.080><c> that</c><00:38:06.170><c> we</c><00:38:06.410><c> know</c><00:38:06.590><c> about</c><00:38:06.740><c> I</c>

00:38:06.910 --> 00:38:06.920 align:start position:0%
the applications that we know about I
 

00:38:06.920 --> 00:38:09.280 align:start position:0%
the applications that we know about I
think<00:38:07.280><c> that's</c><00:38:07.520><c> a</c><00:38:07.730><c> you</c><00:38:07.790><c> kind</c><00:38:07.970><c> of</c><00:38:08.120><c> like</c><00:38:09.110><c> a</c>

00:38:09.280 --> 00:38:09.290 align:start position:0%
think that's a you kind of like a
 

00:38:09.290 --> 00:38:11.260 align:start position:0%
think that's a you kind of like a
smaller<00:38:09.860><c> risk</c><00:38:10.160><c> that</c><00:38:10.370><c> a</c><00:38:10.430><c> lot</c><00:38:10.610><c> of</c><00:38:10.640><c> people</c><00:38:11.000><c> think</c>

00:38:11.260 --> 00:38:11.270 align:start position:0%
smaller risk that a lot of people think
 

00:38:11.270 --> 00:38:14.020 align:start position:0%
smaller risk that a lot of people think
I<00:38:11.510><c> mean</c><00:38:12.230><c> I</c><00:38:12.380><c> could</c><00:38:12.590><c> see</c><00:38:12.890><c> like</c><00:38:13.190><c> execution</c>

00:38:14.020 --> 00:38:14.030 align:start position:0%
I mean I could see like execution
 

00:38:14.030 --> 00:38:16.470 align:start position:0%
I mean I could see like execution
environment<00:38:14.570><c> fragmentation</c><00:38:15.410><c> being</c><00:38:15.830><c> in</c><00:38:16.010><c> up</c>

00:38:16.470 --> 00:38:16.480 align:start position:0%
environment fragmentation being in up
 

00:38:16.480 --> 00:38:18.750 align:start position:0%
environment fragmentation being in up
even<00:38:16.839><c> a</c><00:38:17.050><c> bigger</c><00:38:17.320><c> issue</c><00:38:17.530><c> than</c><00:38:17.859><c> shorter</c><00:38:18.310><c> than</c>

00:38:18.750 --> 00:38:18.760 align:start position:0%
even a bigger issue than shorter than
 

00:38:18.760 --> 00:38:20.910 align:start position:0%
even a bigger issue than shorter than
short<00:38:19.540><c> fragmentation</c><00:38:20.380><c> if</c><00:38:20.500><c> not</c><00:38:20.680><c> handled</c>

00:38:20.910 --> 00:38:20.920 align:start position:0%
short fragmentation if not handled
 

00:38:20.920 --> 00:38:23.250 align:start position:0%
short fragmentation if not handled
correctly<00:38:21.250><c> and</c><00:38:21.760><c> that's</c><00:38:21.820><c> it's</c><00:38:22.810><c> definitely</c>

00:38:23.250 --> 00:38:23.260 align:start position:0%
correctly and that's it's definitely
 

00:38:23.260 --> 00:38:24.930 align:start position:0%
correctly and that's it's definitely
something<00:38:23.500><c> that</c><00:38:23.650><c> we're</c><00:38:23.950><c> thinking</c><00:38:24.700><c> very</c>

00:38:24.930 --> 00:38:24.940 align:start position:0%
something that we're thinking very
 

00:38:24.940 --> 00:38:30.750 align:start position:0%
something that we're thinking very
actively<00:38:25.540><c> about</c><00:38:25.839><c> how</c><00:38:25.960><c> to</c><00:38:26.020><c> smooth</c><00:38:26.320><c> over</c><00:38:29.550><c> and</c><00:38:30.550><c> I</c>

00:38:30.750 --> 00:38:30.760 align:start position:0%
actively about how to smooth over and I
 

00:38:30.760 --> 00:38:32.910 align:start position:0%
actively about how to smooth over and I
mean<00:38:30.940><c> concretely</c><00:38:31.359><c> it</c><00:38:32.079><c> might</c><00:38:32.440><c> turn</c><00:38:32.710><c> out</c><00:38:32.859><c> that</c>

00:38:32.910 --> 00:38:32.920 align:start position:0%
mean concretely it might turn out that
 

00:38:32.920 --> 00:38:34.400 align:start position:0%
mean concretely it might turn out that
crush<00:38:33.430><c> team</c><00:38:33.670><c> communication</c><00:38:34.089><c> is</c><00:38:34.300><c> actually</c>

00:38:34.400 --> 00:38:34.410 align:start position:0%
crush team communication is actually
 

00:38:34.410 --> 00:38:38.670 align:start position:0%
crush team communication is actually
faster<00:38:35.410><c> on</c><00:38:35.710><c> if</c><00:38:35.980><c> -</c><00:38:36.280><c> then</c><00:38:36.910><c> you</c><00:38:37.869><c> know</c><00:38:37.990><c> an</c><00:38:38.230><c> f1</c>

00:38:38.670 --> 00:38:38.680 align:start position:0%
faster on if - then you know an f1
 

00:38:38.680 --> 00:38:41.130 align:start position:0%
faster on if - then you know an f1
transaction<00:38:39.250><c> if</c><00:38:39.940><c> one</c><00:38:40.210><c> on</c><00:38:40.390><c> average</c><00:38:40.690><c> is</c><00:38:40.839><c> 15</c>

00:38:41.130 --> 00:38:41.140 align:start position:0%
transaction if one on average is 15
 

00:38:41.140 --> 00:38:43.920 align:start position:0%
transaction if one on average is 15
seconds<00:38:41.560><c> and</c><00:38:41.859><c> you</c><00:38:42.609><c> know</c><00:38:42.700><c> two</c><00:38:43.300><c> ways</c><00:38:43.510><c> that</c><00:38:43.810><c> we</c>

00:38:43.920 --> 00:38:43.930 align:start position:0%
seconds and you know two ways that we
 

00:38:43.930 --> 00:38:45.120 align:start position:0%
seconds and you know two ways that we
could<00:38:44.079><c> have</c><00:38:44.260><c> fast</c><00:38:44.619><c> crushed</c><00:38:44.980><c> our</c>

00:38:45.120 --> 00:38:45.130 align:start position:0%
could have fast crushed our
 

00:38:45.130 --> 00:38:46.890 align:start position:0%
could have fast crushed our
communication<00:38:45.640><c> is</c><00:38:45.760><c> one</c><00:38:46.089><c> we</c><00:38:46.359><c> have</c><00:38:46.390><c> this</c><00:38:46.750><c> new</c>

00:38:46.890 --> 00:38:46.900 align:start position:0%
communication is one we have this new
 

00:38:46.900 --> 00:38:48.810 align:start position:0%
communication is one we have this new
proposal<00:38:47.290><c> where</c><00:38:47.710><c> we</c><00:38:47.829><c> have</c><00:38:48.070><c> cross</c><00:38:48.310><c> links</c><00:38:48.609><c> in</c>

00:38:48.810 --> 00:38:48.820 align:start position:0%
proposal where we have cross links in
 

00:38:48.820 --> 00:38:51.810 align:start position:0%
proposal where we have cross links in
every<00:38:49.150><c> slot</c><00:38:49.480><c> on</c><00:38:49.869><c> the</c><00:38:49.960><c> beacon</c><00:38:50.349><c> chain</c><00:38:50.670><c> you</c><00:38:51.670><c> know</c>

00:38:51.810 --> 00:38:51.820 align:start position:0%
every slot on the beacon chain you know
 

00:38:51.820 --> 00:38:53.910 align:start position:0%
every slot on the beacon chain you know
we<00:38:52.000><c> might</c><00:38:52.359><c> have</c><00:38:52.540><c> crossed</c><00:38:52.780><c> cross</c><00:38:53.440><c> link</c><00:38:53.619><c> regular</c>

00:38:53.910 --> 00:38:53.920 align:start position:0%
we might have crossed cross link regular
 

00:38:53.920 --> 00:38:55.770 align:start position:0%
we might have crossed cross link regular
collaborate<00:38:54.490><c> and</c><00:38:54.670><c> communication</c><00:38:55.390><c> in</c><00:38:55.540><c> just</c>

00:38:55.770 --> 00:38:55.780 align:start position:0%
collaborate and communication in just
 

00:38:55.780 --> 00:38:58.800 align:start position:0%
collaborate and communication in just
just<00:38:56.380><c> a</c><00:38:56.470><c> few</c><00:38:56.680><c> slots</c><00:38:57.000><c> and</c><00:38:58.000><c> then</c><00:38:58.240><c> the</c><00:38:58.359><c> other</c><00:38:58.510><c> way</c>

00:38:58.800 --> 00:38:58.810 align:start position:0%
just a few slots and then the other way
 

00:38:58.810 --> 00:39:02.310 align:start position:0%
just a few slots and then the other way
kind<00:38:59.680><c> of</c><00:38:59.740><c> which</c><00:38:59.859><c> is</c><00:38:59.980><c> generic</c><00:39:00.720><c> is</c><00:39:01.720><c> to</c><00:39:02.079><c> use</c>

00:39:02.310 --> 00:39:02.320 align:start position:0%
kind of which is generic is to use
 

00:39:02.320 --> 00:39:05.960 align:start position:0%
kind of which is generic is to use
optimistic<00:39:03.099><c> cross</c><00:39:03.280><c> links</c><00:39:03.900><c> where</c><00:39:04.900><c> basically</c>

00:39:05.960 --> 00:39:05.970 align:start position:0%
optimistic cross links where basically
 

00:39:05.970 --> 00:39:08.190 align:start position:0%
optimistic cross links where basically
you<00:39:06.970><c> have</c><00:39:07.150><c> some</c><00:39:07.329><c> sort</c><00:39:07.510><c> of</c><00:39:07.570><c> off</c><00:39:07.839><c> chain</c>

00:39:08.190 --> 00:39:08.200 align:start position:0%
you have some sort of off chain
 

00:39:08.200 --> 00:39:10.220 align:start position:0%
you have some sort of off chain
mechanism<00:39:08.440><c> to</c><00:39:09.099><c> gauge</c><00:39:09.339><c> the</c><00:39:09.579><c> probability</c><00:39:10.180><c> that</c>

00:39:10.220 --> 00:39:10.230 align:start position:0%
mechanism to gauge the probability that
 

00:39:10.230 --> 00:39:12.900 align:start position:0%
mechanism to gauge the probability that
some<00:39:11.230><c> cross</c><00:39:11.500><c> link</c><00:39:11.740><c> will</c><00:39:11.920><c> eventually</c><00:39:12.490><c> make</c><00:39:12.730><c> it</c>

00:39:12.900 --> 00:39:12.910 align:start position:0%
some cross link will eventually make it
 

00:39:12.910 --> 00:39:14.579 align:start position:0%
some cross link will eventually make it
into<00:39:13.150><c> the</c><00:39:13.240><c> beacon</c><00:39:13.540><c> chain</c><00:39:13.750><c> and</c><00:39:13.960><c> get</c><00:39:14.079><c> finalized</c>

00:39:14.579 --> 00:39:14.589 align:start position:0%
into the beacon chain and get finalized
 

00:39:14.589 --> 00:39:18.210 align:start position:0%
into the beacon chain and get finalized
but<00:39:15.130><c> you</c><00:39:15.220><c> don't</c><00:39:15.400><c> have</c><00:39:15.520><c> 100%</c><00:39:16.240><c> probability</c><00:39:17.220><c> that</c>

00:39:18.210 --> 00:39:18.220 align:start position:0%
but you don't have 100% probability that
 

00:39:18.220 --> 00:39:20.339 align:start position:0%
but you don't have 100% probability that
will<00:39:18.400><c> happen</c><00:39:18.550><c> and</c><00:39:18.910><c> then</c><00:39:19.030><c> you</c><00:39:19.300><c> you</c><00:39:19.990><c> can</c><00:39:20.140><c> design</c>

00:39:20.339 --> 00:39:20.349 align:start position:0%
will happen and then you you can design
 

00:39:20.349 --> 00:39:22.559 align:start position:0%
will happen and then you you can design
your<00:39:20.619><c> application</c><00:39:21.069><c> around</c><00:39:21.190><c> that</c><00:39:21.550><c> and</c><00:39:21.790><c> benefit</c>

00:39:22.559 --> 00:39:22.569 align:start position:0%
your application around that and benefit
 

00:39:22.569 --> 00:39:25.140 align:start position:0%
your application around that and benefit
from<00:39:22.690><c> the</c><00:39:22.960><c> low</c><00:39:23.800><c> latency</c><00:39:24.250><c> can</c><00:39:24.579><c> you</c><00:39:24.640><c> do</c><00:39:24.819><c> any</c><00:39:24.970><c> some</c>

00:39:25.140 --> 00:39:25.150 align:start position:0%
from the low latency can you do any some
 

00:39:25.150 --> 00:39:27.120 align:start position:0%
from the low latency can you do any some
kind<00:39:25.359><c> of</c><00:39:25.450><c> automated</c><00:39:26.020><c> garbage</c><00:39:26.349><c> collection</c><00:39:27.040><c> and</c>

00:39:27.120 --> 00:39:27.130 align:start position:0%
kind of automated garbage collection and
 

00:39:27.130 --> 00:39:29.430 align:start position:0%
kind of automated garbage collection and
start<00:39:27.369><c> moving</c><00:39:27.640><c> smart</c><00:39:28.599><c> contracts</c><00:39:28.990><c> that</c><00:39:29.140><c> want</c>

00:39:29.430 --> 00:39:29.440 align:start position:0%
start moving smart contracts that want
 

00:39:29.440 --> 00:39:31.079 align:start position:0%
start moving smart contracts that want
to<00:39:29.530><c> be</c><00:39:29.619><c> on</c><00:39:29.740><c> the</c><00:39:29.829><c> same</c><00:39:30.010><c> chain</c><00:39:30.250><c> together</c><00:39:30.550><c> so</c><00:39:30.970><c> that</c>

00:39:31.079 --> 00:39:31.089 align:start position:0%
to be on the same chain together so that
 

00:39:31.089 --> 00:39:41.579 align:start position:0%
to be on the same chain together so that
they're<00:39:31.240><c> faster</c><00:39:36.000><c> so</c><00:39:37.000><c> I</c><00:39:38.160><c> think</c><00:39:39.160><c> the</c><00:39:39.310><c> space</c><00:39:40.589><c> the</c>

00:39:41.579 --> 00:39:41.589 align:start position:0%
they're faster so I think the space the
 

00:39:41.589 --> 00:39:43.260 align:start position:0%
they're faster so I think the space the
cross<00:39:41.770><c> interaction</c><00:39:42.310><c> around</c><00:39:42.400><c> multiple</c><00:39:43.030><c> shards</c>

00:39:43.260 --> 00:39:43.270 align:start position:0%
cross interaction around multiple shards
 

00:39:43.270 --> 00:39:47.730 align:start position:0%
cross interaction around multiple shards
I<00:39:43.630><c> think</c><00:39:44.849><c> there</c><00:39:45.849><c> should</c><00:39:45.880><c> generally</c><00:39:46.420><c> be</c><00:39:46.450><c> a</c><00:39:46.960><c> set</c>

00:39:47.730 --> 00:39:47.740 align:start position:0%
I think there should generally be a set
 

00:39:47.740 --> 00:39:51.390 align:start position:0%
I think there should generally be a set
of<00:39:47.859><c> tooling</c><00:39:48.690><c> within</c><00:39:49.690><c> the</c><00:39:49.810><c> hll</c><00:39:50.380><c> sort</c><00:39:50.740><c> ESL's</c>

00:39:51.390 --> 00:39:51.400 align:start position:0%
of tooling within the hll sort ESL's
 

00:39:51.400 --> 00:39:54.349 align:start position:0%
of tooling within the hll sort ESL's
that<00:39:51.579><c> are</c><00:39:51.670><c> used</c><00:39:51.880><c> within</c><00:39:52.420><c> solidity</c><00:39:52.900><c> viper</c>

00:39:54.349 --> 00:39:54.359 align:start position:0%
that are used within solidity viper
 

00:39:54.359 --> 00:39:58.620 align:start position:0%
that are used within solidity viper
anything<00:39:55.359><c> else</c><00:39:55.540><c> so</c><00:39:56.640><c> from</c><00:39:57.640><c> a</c><00:39:57.730><c> developer</c>

00:39:58.620 --> 00:39:58.630 align:start position:0%
anything else so from a developer
 

00:39:58.630 --> 00:40:00.660 align:start position:0%
anything else so from a developer
perspective<00:39:58.810><c> if</c><00:39:59.319><c> you</c><00:39:59.440><c> accept</c><00:40:00.010><c> asynchronous</c>

00:40:00.660 --> 00:40:00.670 align:start position:0%
perspective if you accept asynchronous
 

00:40:00.670 --> 00:40:04.740 align:start position:0%
perspective if you accept asynchronous
as<00:40:00.910><c> you</c><00:40:01.569><c> know</c><00:40:01.690><c> a</c><00:40:02.040><c> basic</c><00:40:03.040><c> concept</c><00:40:03.510><c> construct</c><00:40:04.510><c> of</c>

00:40:04.740 --> 00:40:04.750 align:start position:0%
as you know a basic concept construct of
 

00:40:04.750 --> 00:40:07.109 align:start position:0%
as you know a basic concept construct of
communication<00:40:05.349><c> across</c><00:40:05.530><c> shards</c><00:40:06.010><c> you</c><00:40:06.849><c> can</c><00:40:06.970><c> have</c>

00:40:07.109 --> 00:40:07.119 align:start position:0%
communication across shards you can have
 

00:40:07.119 --> 00:40:09.480 align:start position:0%
communication across shards you can have
tooling<00:40:07.569><c> that</c><00:40:07.680><c> does</c><00:40:08.680><c> that</c><00:40:08.920><c> through</c><00:40:09.160><c> message</c>

00:40:09.480 --> 00:40:09.490 align:start position:0%
tooling that does that through message
 

00:40:09.490 --> 00:40:11.130 align:start position:0%
tooling that does that through message
passing

00:40:11.130 --> 00:40:11.140 align:start position:0%
passing
 

00:40:11.140 --> 00:40:13.079 align:start position:0%
passing
you<00:40:11.470><c> could</c><00:40:11.680><c> have</c><00:40:12.010><c> tooling</c><00:40:12.430><c> that</c><00:40:12.460><c> does</c><00:40:12.849><c> that</c>

00:40:13.079 --> 00:40:13.089 align:start position:0%
you could have tooling that does that
 

00:40:13.089 --> 00:40:16.170 align:start position:0%
you could have tooling that does that
through<00:40:13.540><c> you</c><00:40:14.410><c> know</c><00:40:14.530><c> two-phase</c><00:40:15.010><c> commit</c><00:40:15.550><c> you</c>

00:40:16.170 --> 00:40:16.180 align:start position:0%
through you know two-phase commit you
 

00:40:16.180 --> 00:40:18.270 align:start position:0%
through you know two-phase commit you
know<00:40:16.210><c> system</c><00:40:16.839><c> if</c><00:40:16.960><c> you</c><00:40:17.050><c> need</c><00:40:17.230><c> some</c><00:40:18.099><c> type</c><00:40:18.250><c> of</c>

00:40:18.270 --> 00:40:18.280 align:start position:0%
know system if you need some type of
 

00:40:18.280 --> 00:40:21.660 align:start position:0%
know system if you need some type of
atomic<00:40:18.760><c> transaction</c><00:40:19.740><c> you</c><00:40:20.740><c> could</c><00:40:20.890><c> have</c><00:40:21.069><c> you</c>

00:40:21.660 --> 00:40:21.670 align:start position:0%
atomic transaction you could have you
 

00:40:21.670 --> 00:40:23.970 align:start position:0%
atomic transaction you could have you
know<00:40:21.700><c> tooling</c><00:40:22.180><c> that</c><00:40:22.240><c> so</c><00:40:22.869><c> I</c><00:40:22.900><c> think</c><00:40:23.500><c> from</c><00:40:23.680><c> a</c><00:40:23.800><c> dot</c>

00:40:23.970 --> 00:40:23.980 align:start position:0%
know tooling that so I think from a dot
 

00:40:23.980 --> 00:40:26.790 align:start position:0%
know tooling that so I think from a dot
developers<00:40:24.940><c> perspective</c><00:40:25.380><c> you're</c><00:40:26.380><c> going</c><00:40:26.619><c> to</c>

00:40:26.790 --> 00:40:26.800 align:start position:0%
developers perspective you're going to
 

00:40:26.800 --> 00:40:28.589 align:start position:0%
developers perspective you're going to
have<00:40:27.250><c> more</c><00:40:27.490><c> tooling</c><00:40:27.880><c> in</c><00:40:28.000><c> these</c><00:40:28.119><c> languages</c>

00:40:28.589 --> 00:40:28.599 align:start position:0%
have more tooling in these languages
 

00:40:28.599 --> 00:40:29.410 align:start position:0%
have more tooling in these languages
that<00:40:28.780><c> you</c><00:40:29.170><c> would</c>

00:40:29.410 --> 00:40:29.420 align:start position:0%
that you would
 

00:40:29.420 --> 00:40:32.020 align:start position:0%
that you would
go<00:40:29.750><c> ahead</c><00:40:29.900><c> and</c><00:40:30.080><c> and</c><00:40:30.370><c> utilize</c><00:40:31.370><c> for</c><00:40:31.670><c> the</c><00:40:31.700><c> problem</c>

00:40:32.020 --> 00:40:32.030 align:start position:0%
go ahead and and utilize for the problem
 

00:40:32.030 --> 00:40:43.480 align:start position:0%
go ahead and and utilize for the problem
that<00:40:32.120><c> you</c><00:40:32.240><c> need</c><00:40:32.500><c> so</c><00:40:40.270><c> yeah</c><00:40:41.500><c> the</c><00:40:42.500><c> archive</c><00:40:43.250><c> notes</c>

00:40:43.480 --> 00:40:43.490 align:start position:0%
that you need so yeah the archive notes
 

00:40:43.490 --> 00:40:46.060 align:start position:0%
that you need so yeah the archive notes
look<00:40:43.730><c> like</c><00:40:43.970><c> forth</c><00:40:44.330><c> to</c><00:40:44.630><c> and</c><00:40:44.900><c> our</c><00:40:45.680><c> blog</c>

00:40:46.060 --> 00:40:46.070 align:start position:0%
look like forth to and our blog
 

00:40:46.070 --> 00:40:56.200 align:start position:0%
look like forth to and our blog
explorers<00:40:46.580><c> ready</c><00:40:46.970><c> for</c><00:40:47.210><c> this</c><00:40:54.850><c> if</c><00:40:55.850><c> you're</c><00:40:56.180><c> a</c>

00:40:56.200 --> 00:40:56.210 align:start position:0%
explorers ready for this if you're a
 

00:40:56.210 --> 00:40:58.540 align:start position:0%
explorers ready for this if you're a
blog<00:40:56.750><c> explorer</c><00:40:57.350><c> you</c><00:40:57.590><c> would</c><00:40:57.740><c> pretty</c><00:40:57.950><c> much</c><00:40:58.070><c> have</c>

00:40:58.540 --> 00:40:58.550 align:start position:0%
blog explorer you would pretty much have
 

00:40:58.550 --> 00:41:01.090 align:start position:0%
blog explorer you would pretty much have
to<00:40:58.580><c> download</c><00:40:59.300><c> every</c><00:40:59.900><c> blog</c><00:41:00.170><c> on</c><00:41:00.470><c> every</c><00:41:00.800><c> shard</c>

00:41:01.090 --> 00:41:01.100 align:start position:0%
to download every blog on every shard
 

00:41:01.100 --> 00:41:04.240 align:start position:0%
to download every blog on every shard
which<00:41:01.550><c> is</c><00:41:01.820><c> one</c><00:41:02.600><c> to</c><00:41:02.780><c> ten</c><00:41:02.990><c> megabytes</c><00:41:03.440><c> per</c><00:41:03.620><c> second</c>

00:41:04.240 --> 00:41:04.250 align:start position:0%
which is one to ten megabytes per second
 

00:41:04.250 --> 00:41:08.650 align:start position:0%
which is one to ten megabytes per second
x<00:41:05.620><c> 86,400</c><00:41:06.620><c> and</c><00:41:06.710><c> we're</c><00:41:06.860><c> talking</c><00:41:07.070><c> 80</c><00:41:07.880><c> to</c><00:41:08.150><c> 100</c>

00:41:08.650 --> 00:41:08.660 align:start position:0%
x 86,400 and we're talking 80 to 100
 

00:41:08.660 --> 00:41:12.820 align:start position:0%
x 86,400 and we're talking 80 to 100
gigabytes<00:41:09.410><c> a</c><00:41:09.620><c> day</c><00:41:09.830><c> so</c><00:41:10.060><c> it's</c><00:41:11.060><c> like</c><00:41:11.840><c> you</c><00:41:12.620><c> have</c>

00:41:12.820 --> 00:41:12.830 align:start position:0%
gigabytes a day so it's like you have
 

00:41:12.830 --> 00:41:20.100 align:start position:0%
gigabytes a day so it's like you have
you<00:41:13.340><c> have</c><00:41:13.790><c> like</c><00:41:14.060><c> more</c><00:41:14.300><c> hardware</c><00:41:14.660><c> requirements</c>

00:41:20.100 --> 00:41:20.110 align:start position:0%
 
 

00:41:20.110 --> 00:41:23.110 align:start position:0%
 
and<00:41:21.110><c> then</c><00:41:21.500><c> of</c><00:41:21.650><c> course</c><00:41:21.680><c> so</c><00:41:22.340><c> that</c><00:41:22.520><c> like</c><00:41:22.940><c> that's</c>

00:41:23.110 --> 00:41:23.120 align:start position:0%
and then of course so that like that's
 

00:41:23.120 --> 00:41:24.970 align:start position:0%
and then of course so that like that's
one<00:41:23.390><c> issue</c><00:41:23.540><c> -</c><00:41:23.810><c> hi</c><00:41:23.930><c> Ricardo</c><00:41:24.260><c> requirements</c>

00:41:24.970 --> 00:41:24.980 align:start position:0%
one issue - hi Ricardo requirements
 

00:41:24.980 --> 00:41:31.450 align:start position:0%
one issue - hi Ricardo requirements
going<00:41:25.250><c> up</c><00:41:25.400><c> in</c><00:41:26.030><c> another</c><00:41:26.780><c> issue</c><00:41:27.320><c> is</c><00:41:28.480><c> that</c><00:41:30.460><c> you'll</c>

00:41:31.450 --> 00:41:31.460 align:start position:0%
going up in another issue is that you'll
 

00:41:31.460 --> 00:41:34.180 align:start position:0%
going up in another issue is that you'll
have<00:41:31.700><c> to</c><00:41:31.760><c> deal</c><00:41:32.180><c> like</c><00:41:32.540><c> I</c><00:41:32.570><c> kind</c><00:41:33.080><c> of</c><00:41:33.200><c> understood</c>

00:41:34.180 --> 00:41:34.190 align:start position:0%
have to deal like I kind of understood
 

00:41:34.190 --> 00:41:36.790 align:start position:0%
have to deal like I kind of understood
with<00:41:34.760><c> you</c><00:41:34.940><c> to</c><00:41:35.270><c> basically</c><00:41:35.810><c> more</c><00:41:36.230><c> things</c><00:41:36.590><c> or</c>

00:41:36.790 --> 00:41:36.800 align:start position:0%
with you to basically more things or
 

00:41:36.800 --> 00:41:38.320 align:start position:0%
with you to basically more things or
being<00:41:36.980><c> kind</c><00:41:37.250><c> of</c><00:41:37.370><c> lawyer</c><00:41:37.610><c> to</c><00:41:37.820><c> a</c><00:41:37.850><c> fight</c><00:41:38.120><c> than</c>

00:41:38.320 --> 00:41:38.330 align:start position:0%
being kind of lawyer to a fight than
 

00:41:38.330 --> 00:41:40.270 align:start position:0%
being kind of lawyer to a fight than
before<00:41:38.690><c> so</c><00:41:39.320><c> if</c><00:41:39.440><c> you</c><00:41:39.530><c> have</c><00:41:39.680><c> execution</c>

00:41:40.270 --> 00:41:40.280 align:start position:0%
before so if you have execution
 

00:41:40.280 --> 00:41:42.820 align:start position:0%
before so if you have execution
environments<00:41:40.940><c> and</c><00:41:41.090><c> then</c><00:41:41.240><c> within</c><00:41:41.990><c> execution</c>

00:41:42.820 --> 00:41:42.830 align:start position:0%
environments and then within execution
 

00:41:42.830 --> 00:41:44.860 align:start position:0%
environments and then within execution
environments<00:41:43.490><c> we're</c><00:41:43.850><c> also</c><00:41:43.970><c> planning</c><00:41:44.330><c> to</c><00:41:44.540><c> push</c>

00:41:44.860 --> 00:41:44.870 align:start position:0%
environments we're also planning to push
 

00:41:44.870 --> 00:41:46.900 align:start position:0%
environments we're also planning to push
forward<00:41:45.260><c> on</c><00:41:45.410><c> transaction</c><00:41:46.010><c> abstraction</c><00:41:46.730><c> and</c>

00:41:46.900 --> 00:41:46.910 align:start position:0%
forward on transaction abstraction and
 

00:41:46.910 --> 00:41:48.910 align:start position:0%
forward on transaction abstraction and
so<00:41:47.090><c> now</c><00:41:47.270><c> you</c><00:41:47.330><c> don't</c><00:41:47.630><c> like</c><00:41:47.750><c> you</c><00:41:47.900><c> don't</c><00:41:48.050><c> have</c><00:41:48.260><c> yo</c>

00:41:48.910 --> 00:41:48.920 align:start position:0%
so now you don't like you don't have yo
 

00:41:48.920 --> 00:41:51.010 align:start position:0%
so now you don't like you don't have yo
ways<00:41:49.220><c> and</c><00:41:49.490><c> contracts</c><00:41:50.060><c> as</c><00:41:50.180><c> different</c><00:41:50.510><c> costs</c><00:41:50.900><c> of</c>

00:41:51.010 --> 00:41:51.020 align:start position:0%
ways and contracts as different costs of
 

00:41:51.020 --> 00:41:53.110 align:start position:0%
ways and contracts as different costs of
things<00:41:51.170><c> anymore</c><00:41:51.500><c> and</c><00:41:51.740><c> then</c><00:41:52.010><c> you</c><00:41:52.100><c> have</c><00:41:52.310><c> crossed</c>

00:41:53.110 --> 00:41:53.120 align:start position:0%
things anymore and then you have crossed
 

00:41:53.120 --> 00:41:54.760 align:start position:0%
things anymore and then you have crossed
our<00:41:53.330><c> transactions</c><00:41:54.020><c> the</c><00:41:54.170><c> different</c><00:41:54.470><c> ways</c><00:41:54.590><c> of</c>

00:41:54.760 --> 00:41:54.770 align:start position:0%
our transactions the different ways of
 

00:41:54.770 --> 00:41:57.150 align:start position:0%
our transactions the different ways of
implementing<00:41:55.220><c> them</c><00:41:55.580><c> and</c><00:41:55.820><c> so</c><00:41:56.110><c> your</c>

00:41:57.150 --> 00:41:57.160 align:start position:0%
implementing them and so your
 

00:41:57.160 --> 00:41:59.470 align:start position:0%
implementing them and so your
responsibility<00:41:58.160><c> to</c><00:41:58.190><c> and</c><00:41:58.820><c> have</c><00:41:58.910><c> understands</c>

00:41:59.470 --> 00:41:59.480 align:start position:0%
responsibility to and have understands
 

00:41:59.480 --> 00:42:01.450 align:start position:0%
responsibility to and have understands
popular<00:42:00.170><c> layer</c><00:42:00.380><c> 2</c><00:42:00.620><c> protocols</c><00:42:01.160><c> will</c>

00:42:01.450 --> 00:42:01.460 align:start position:0%
popular layer 2 protocols will
 

00:42:01.460 --> 00:42:03.460 align:start position:0%
popular layer 2 protocols will
realistically<00:42:02.150><c> end</c><00:42:02.570><c> up</c><00:42:02.660><c> increasing</c><00:42:03.080><c> and</c>

00:42:03.460 --> 00:42:03.470 align:start position:0%
realistically end up increasing and
 

00:42:03.470 --> 00:42:04.840 align:start position:0%
realistically end up increasing and
that's<00:42:03.530><c> another</c><00:42:03.830><c> thing</c><00:42:04.160><c> that</c><00:42:04.220><c> you</c><00:42:04.550><c> might</c><00:42:04.700><c> need</c>

00:42:04.840 --> 00:42:04.850 align:start position:0%
that's another thing that you might need
 

00:42:04.850 --> 00:42:07.330 align:start position:0%
that's another thing that you might need
to<00:42:05.000><c> what</c><00:42:05.230><c> that</c><00:42:06.230><c> you'll</c><00:42:06.440><c> probably</c><00:42:06.680><c> needs</c><00:42:07.160><c> to</c>

00:42:07.330 --> 00:42:07.340 align:start position:0%
to what that you'll probably needs to
 

00:42:07.340 --> 00:42:10.300 align:start position:0%
to what that you'll probably needs to
watch<00:42:07.520><c> out</c><00:42:07.700><c> for</c><00:42:07.760><c> so</c><00:42:08.750><c> I</c><00:42:08.780><c> guess</c><00:42:09.110><c> you</c><00:42:09.890><c> know</c><00:42:09.920><c> in</c>

00:42:10.300 --> 00:42:10.310 align:start position:0%
watch out for so I guess you know in
 

00:42:10.310 --> 00:42:12.580 align:start position:0%
watch out for so I guess you know in
general<00:42:10.820><c> for</c><00:42:11.090><c> being</c><00:42:11.960><c> a</c><00:42:12.080><c> general-purpose</c>

00:42:12.580 --> 00:42:12.590 align:start position:0%
general for being a general-purpose
 

00:42:12.590 --> 00:42:14.920 align:start position:0%
general for being a general-purpose
black<00:42:13.310><c> explorers</c><00:42:13.970><c> like</c><00:42:14.210><c> realistically</c><00:42:14.750><c> is</c>

00:42:14.920 --> 00:42:14.930 align:start position:0%
black explorers like realistically is
 

00:42:14.930 --> 00:42:21.150 align:start position:0%
black explorers like realistically is
one<00:42:15.110><c> of</c><00:42:15.200><c> the</c><00:42:15.320><c> things</c><00:42:15.500><c> that</c><00:42:15.710><c> will</c><00:42:15.860><c> get</c><00:42:16.130><c> harder</c>

00:42:21.150 --> 00:42:21.160 align:start position:0%
 
 

00:42:21.160 --> 00:42:23.609 align:start position:0%
 
all<00:42:21.700><c> right</c><00:42:21.880><c> we</c><00:42:22.059><c> have</c><00:42:22.109><c> time</c><00:42:23.109><c> for</c><00:42:23.140><c> one</c><00:42:23.589><c> last</c>

00:42:23.609 --> 00:42:23.619 align:start position:0%
all right we have time for one last
 

00:42:23.619 --> 00:42:24.509 align:start position:0%
all right we have time for one last
question

00:42:24.509 --> 00:42:24.519 align:start position:0%
question
 

00:42:24.519 --> 00:42:27.240 align:start position:0%
question
make<00:42:24.910><c> it</c><00:42:25.089><c> quick</c><00:42:25.359><c> so</c><00:42:25.720><c> as</c><00:42:25.990><c> a</c><00:42:26.019><c> DAP</c><00:42:26.470><c> developer</c><00:42:27.009><c> that</c>

00:42:27.240 --> 00:42:27.250 align:start position:0%
make it quick so as a DAP developer that
 

00:42:27.250 --> 00:42:29.609 align:start position:0%
make it quick so as a DAP developer that
has<00:42:27.400><c> an</c><00:42:27.549><c> IRC</c><00:42:27.759><c> 20</c><00:42:28.089><c> asset</c><00:42:28.839><c> is</c><00:42:29.259><c> there</c><00:42:29.410><c> anything</c>

00:42:29.609 --> 00:42:29.619 align:start position:0%
has an IRC 20 asset is there anything
 

00:42:29.619 --> 00:42:31.799 align:start position:0%
has an IRC 20 asset is there anything
specifically<00:42:30.369><c> we</c><00:42:30.579><c> should</c><00:42:30.759><c> do</c><00:42:30.940><c> or</c><00:42:31.269><c> maybe</c><00:42:31.569><c> not</c>

00:42:31.799 --> 00:42:31.809 align:start position:0%
specifically we should do or maybe not
 

00:42:31.809 --> 00:42:38.160 align:start position:0%
specifically we should do or maybe not
do<00:42:33.750><c> right</c><00:42:34.750><c> now</c><00:42:35.200><c> no</c><00:42:35.710><c> I</c><00:42:36.150><c> mean</c><00:42:37.150><c> in</c><00:42:37.420><c> the</c><00:42:37.539><c> in</c><00:42:38.079><c> the</c>

00:42:38.160 --> 00:42:38.170 align:start position:0%
do right now no I mean in the in the
 

00:42:38.170 --> 00:42:42.569 align:start position:0%
do right now no I mean in the in the
future<00:42:38.319><c> when</c><00:42:38.829><c> I</c><00:42:38.859><c> think</c><00:42:40.289><c> I'm</c><00:42:41.289><c> inclined</c><00:42:42.160><c> to</c><00:42:42.279><c> just</c>

00:42:42.569 --> 00:42:42.579 align:start position:0%
future when I think I'm inclined to just
 

00:42:42.579 --> 00:42:44.430 align:start position:0%
future when I think I'm inclined to just
say<00:42:42.789><c> like</c><00:42:42.970><c> don't</c><00:42:43.240><c> don't</c><00:42:43.809><c> think</c><00:42:44.109><c> about</c><00:42:44.319><c> the</c>

00:42:44.430 --> 00:42:44.440 align:start position:0%
say like don't don't think about the
 

00:42:44.440 --> 00:42:46.200 align:start position:0%
say like don't don't think about the
problem<00:42:44.829><c> now</c><00:42:44.980><c> and</c><00:42:45.220><c> like</c><00:42:45.460><c> in</c><00:42:45.579><c> the</c><00:42:45.700><c> future</c><00:42:46.029><c> as</c>

00:42:46.200 --> 00:42:46.210 align:start position:0%
problem now and like in the future as
 

00:42:46.210 --> 00:42:48.960 align:start position:0%
problem now and like in the future as
the<00:42:46.390><c> X</c><00:42:46.569><c> execution</c><00:42:47.200><c> environments</c><00:42:47.829><c> and</c><00:42:48.460><c> if</c>

00:42:48.960 --> 00:42:48.970 align:start position:0%
the X execution environments and if
 

00:42:48.970 --> 00:42:51.420 align:start position:0%
the X execution environments and if
start<00:42:49.269><c> becoming</c><00:42:49.599><c> more</c><00:42:49.809><c> nailed</c><00:42:50.710><c> down</c><00:42:51.009><c> then</c>

00:42:51.420 --> 00:42:51.430 align:start position:0%
start becoming more nailed down then
 

00:42:51.430 --> 00:42:54.420 align:start position:0%
start becoming more nailed down then
you'll<00:42:51.759><c> be</c><00:42:51.910><c> able</c><00:42:52.089><c> to</c><00:42:52.319><c> have</c><00:42:53.319><c> think</c><00:42:53.890><c> more</c><00:42:54.160><c> about</c>

00:42:54.420 --> 00:42:54.430 align:start position:0%
you'll be able to have think more about
 

00:42:54.430 --> 00:42:56.700 align:start position:0%
you'll be able to have think more about
like<00:42:54.640><c> how</c><00:42:54.819><c> to</c><00:42:54.880><c> design</c><00:42:55.599><c> design</c><00:42:56.200><c> the</c><00:42:56.410><c> kind</c><00:42:56.680><c> of</c>

00:42:56.700 --> 00:42:56.710 align:start position:0%
like how to design design the kind of
 

00:42:56.710 --> 00:42:58.410 align:start position:0%
like how to design design the kind of
token<00:42:56.980><c> and</c><00:42:57.250><c> like</c><00:42:57.369><c> application</c><00:42:58.000><c> specific</c>

00:42:58.410 --> 00:42:58.420 align:start position:0%
token and like application specific
 

00:42:58.420 --> 00:43:01.079 align:start position:0%
token and like application specific
details<00:42:58.779><c> around</c><00:42:59.079><c> across</c><00:42:59.259><c> shard</c><00:42:59.589><c> context</c><00:43:00.190><c> but</c>

00:43:01.079 --> 00:43:01.089 align:start position:0%
details around across shard context but
 

00:43:01.089 --> 00:43:06.390 align:start position:0%
details around across shard context but
no<00:43:01.269><c> migrations</c><00:43:04.500><c> like</c><00:43:05.500><c> there</c><00:43:06.279><c> is</c><00:43:06.369><c> a</c>

00:43:06.390 --> 00:43:06.400 align:start position:0%
no migrations like there is a
 

00:43:06.400 --> 00:43:10.079 align:start position:0%
no migrations like there is a
possibility<00:43:06.940><c> you'll</c><00:43:07.390><c> have</c><00:43:07.630><c> to</c><00:43:07.839><c> do</c><00:43:08.380><c> a</c><00:43:09.089><c> one-time</c>

00:43:10.079 --> 00:43:10.089 align:start position:0%
possibility you'll have to do a one-time
 

00:43:10.089 --> 00:43:11.880 align:start position:0%
possibility you'll have to do a one-time
token<00:43:10.690><c> upgrade</c><00:43:11.109><c> but</c><00:43:11.289><c> that</c><00:43:11.410><c> could</c><00:43:11.589><c> also</c><00:43:11.740><c> be</c>

00:43:11.880 --> 00:43:11.890 align:start position:0%
token upgrade but that could also be
 

00:43:11.890 --> 00:43:13.819 align:start position:0%
token upgrade but that could also be
done<00:43:12.130><c> with</c><00:43:12.190><c> a</c><00:43:12.339><c> wrapper</c>

00:43:13.819 --> 00:43:13.829 align:start position:0%
done with a wrapper
 

00:43:13.829 --> 00:43:17.069 align:start position:0%
done with a wrapper
knowing<00:43:14.829><c> that</c><00:43:14.859><c> tokens</c><00:43:15.460><c> are</c><00:43:15.759><c> the</c><00:43:16.059><c> most</c><00:43:16.269><c> used</c>

00:43:17.069 --> 00:43:17.079 align:start position:0%
knowing that tokens are the most used
 

00:43:17.079 --> 00:43:20.099 align:start position:0%
knowing that tokens are the most used
function<00:43:17.890><c> in</c><00:43:18.130><c> the</c><00:43:18.279><c> current</c><00:43:19.000><c> chain</c><00:43:19.210><c> is</c><00:43:19.599><c> it</c><00:43:19.869><c> not</c>

00:43:20.099 --> 00:43:20.109 align:start position:0%
function in the current chain is it not
 

00:43:20.109 --> 00:43:22.049 align:start position:0%
function in the current chain is it not
worth<00:43:20.319><c> considering</c><00:43:21.009><c> hard</c><00:43:21.190><c> coding</c><00:43:21.609><c> them</c><00:43:21.819><c> and</c>

00:43:22.049 --> 00:43:22.059 align:start position:0%
worth considering hard coding them and
 

00:43:22.059 --> 00:43:25.349 align:start position:0%
worth considering hard coding them and
by<00:43:22.799><c> making</c><00:43:23.799><c> them</c><00:43:24.099><c> much</c><00:43:24.640><c> more</c><00:43:24.849><c> efficient</c><00:43:25.269><c> than</c>

00:43:25.349 --> 00:43:25.359 align:start position:0%
by making them much more efficient than
 

00:43:25.359 --> 00:43:26.880 align:start position:0%
by making them much more efficient than
they<00:43:25.599><c> are</c><00:43:25.630><c> right</c><00:43:25.869><c> now</c><00:43:25.930><c> or</c><00:43:26.170><c> taking</c><00:43:26.559><c> a</c><00:43:26.619><c> snapshot</c>

00:43:26.880 --> 00:43:26.890 align:start position:0%
they are right now or taking a snapshot
 

00:43:26.890 --> 00:43:28.920 align:start position:0%
they are right now or taking a snapshot
potentially<00:43:27.609><c> what</c><00:43:28.089><c> hard</c><00:43:28.299><c> coding</c><00:43:28.630><c> make</c><00:43:28.779><c> them</c>

00:43:28.920 --> 00:43:28.930 align:start position:0%
potentially what hard coding make them
 

00:43:28.930 --> 00:43:30.569 align:start position:0%
potentially what hard coding make them
more<00:43:29.049><c> efficient</c><00:43:29.619><c> well</c><00:43:30.039><c> because</c><00:43:30.279><c> right</c><00:43:30.460><c> now</c>

00:43:30.569 --> 00:43:30.579 align:start position:0%
more efficient well because right now
 

00:43:30.579 --> 00:43:32.579 align:start position:0%
more efficient well because right now
they<00:43:30.730><c> execute</c><00:43:31.299><c> code</c><00:43:31.539><c> just</c><00:43:31.900><c> to</c><00:43:31.990><c> do</c><00:43:32.109><c> basic</c>

00:43:32.579 --> 00:43:32.589 align:start position:0%
they execute code just to do basic
 

00:43:32.589 --> 00:43:34.650 align:start position:0%
they execute code just to do basic
functionality<00:43:33.279><c> of</c><00:43:33.400><c> the</c><00:43:33.490><c> token</c><00:43:33.849><c> the</c><00:43:34.029><c> cord</c><00:43:34.420><c> is</c>

00:43:34.650 --> 00:43:34.660 align:start position:0%
functionality of the token the cord is
 

00:43:34.660 --> 00:43:37.279 align:start position:0%
functionality of the token the cord is
like<00:43:34.900><c> fairly</c><00:43:35.710><c> is</c><00:43:35.859><c> small</c><00:43:36.400><c> right</c><00:43:36.789><c> like</c>

00:43:37.279 --> 00:43:37.289 align:start position:0%
like fairly is small right like
 

00:43:37.289 --> 00:43:40.200 align:start position:0%
like fairly is small right like
execution<00:43:38.289><c> of</c><00:43:38.410><c> EVM</c><00:43:38.769><c> code</c><00:43:39.009><c> is</c><00:43:39.160><c> not</c><00:43:39.430><c> like</c><00:43:39.730><c> a</c>

00:43:40.200 --> 00:43:40.210 align:start position:0%
execution of EVM code is not like a
 

00:43:40.210 --> 00:43:45.359 align:start position:0%
execution of EVM code is not like a
dominant<00:43:41.079><c> factor</c><00:43:41.259><c> of</c><00:43:41.799><c> like</c><00:43:42.670><c> watching</c><00:43:44.369><c> over</c>

00:43:45.359 --> 00:43:45.369 align:start position:0%
dominant factor of like watching over
 

00:43:45.369 --> 00:43:48.690 align:start position:0%
dominant factor of like watching over
and<00:43:45.519><c> overhead</c><00:43:46.000><c> time</c><00:43:46.299><c> like</c><00:43:47.170><c> the</c><00:43:47.920><c> one</c><00:43:48.130><c> okay</c><00:43:48.670><c> so</c>

00:43:48.690 --> 00:43:48.700 align:start position:0%
and overhead time like the one okay so
 

00:43:48.700 --> 00:43:50.880 align:start position:0%
and overhead time like the one okay so
the<00:43:49.000><c> thing</c><00:43:49.180><c> that</c><00:43:49.210><c> I</c><00:43:49.480><c> would</c><00:43:49.690><c> look</c><00:43:49.839><c> into</c><00:43:50.049><c> like</c><00:43:50.349><c> if</c>

00:43:50.880 --> 00:43:50.890 align:start position:0%
the thing that I would look into like if
 

00:43:50.890 --> 00:43:52.890 align:start position:0%
the thing that I would look into like if
we<00:43:51.190><c> wants</c><00:43:51.519><c> to</c><00:43:51.640><c> like</c><00:43:51.759><c> really</c><00:43:51.970><c> optimize</c><00:43:52.480><c> tokens</c>

00:43:52.890 --> 00:43:52.900 align:start position:0%
we wants to like really optimize tokens
 

00:43:52.900 --> 00:43:54.299 align:start position:0%
we wants to like really optimize tokens
have<00:43:53.079><c> only</c><00:43:53.230><c> things</c><00:43:53.589><c> that</c><00:43:53.740><c> I</c><00:43:53.829><c> would</c><00:43:53.980><c> look</c><00:43:54.099><c> into</c>

00:43:54.299 --> 00:43:54.309 align:start position:0%
have only things that I would look into
 

00:43:54.309 --> 00:43:56.880 align:start position:0%
have only things that I would look into
I<00:43:54.819><c> mean</c><00:43:55.210><c> one</c><00:43:55.480><c> is</c><00:43:55.509><c> to</c><00:43:55.750><c> just</c><00:43:55.779><c> like</c><00:43:56.140><c> review</c><00:43:56.559><c> like</c>

00:43:56.880 --> 00:43:56.890 align:start position:0%
I mean one is to just like review like
 

00:43:56.890 --> 00:43:58.559 align:start position:0%
I mean one is to just like review like
the<00:43:57.099><c> whole</c><00:43:57.250><c> year</c><00:43:57.460><c> see</c><00:43:57.700><c> 20</c><00:43:58.000><c> transfer</c><00:43:58.450><c> from</c>

00:43:58.559 --> 00:43:58.569 align:start position:0%
the whole year see 20 transfer from
 

00:43:58.569 --> 00:44:00.299 align:start position:0%
the whole year see 20 transfer from
architecture<00:43:59.380><c> and</c><00:43:59.529><c> like</c><00:43:59.680><c> think</c><00:43:59.950><c> hard</c><00:44:00.160><c> about</c>

00:44:00.299 --> 00:44:00.309 align:start position:0%
architecture and like think hard about
 

00:44:00.309 --> 00:44:03.059 align:start position:0%
architecture and like think hard about
do<00:44:01.299><c> we</c><00:44:01.329><c> wants</c><00:44:01.750><c> to</c><00:44:01.900><c> build</c><00:44:02.079><c> into</c><00:44:02.410><c> a</c><00:44:02.440><c> much</c><00:44:02.799><c> higher</c>

00:44:03.059 --> 00:44:03.069 align:start position:0%
do we wants to build into a much higher
 

00:44:03.069 --> 00:44:05.130 align:start position:0%
do we wants to build into a much higher
level<00:44:03.309><c> of</c><00:44:03.910><c> language</c><00:44:04.359><c> standards</c><00:44:04.869><c> a</c><00:44:04.960><c> more</c>

00:44:05.130 --> 00:44:05.140 align:start position:0%
level of language standards a more
 

00:44:05.140 --> 00:44:06.990 align:start position:0%
level of language standards a more
explicit<00:44:05.559><c> like</c><00:44:06.009><c> pay</c><00:44:06.250><c> for</c><00:44:06.490><c> token</c><00:44:06.849><c> with</c>

00:44:06.990 --> 00:44:07.000 align:start position:0%
explicit like pay for token with
 

00:44:07.000 --> 00:44:09.630 align:start position:0%
explicit like pay for token with
function<00:44:07.359><c> calling</c><00:44:07.599><c> em</c><00:44:07.930><c> strategy</c><00:44:08.640><c> another</c>

00:44:09.630 --> 00:44:09.640 align:start position:0%
function calling em strategy another
 

00:44:09.640 --> 00:44:13.499 align:start position:0%
function calling em strategy another
thing<00:44:10.000><c> to</c><00:44:10.180><c> look</c><00:44:10.329><c> into</c><00:44:10.750><c> is</c><00:44:10.990><c> that</c><00:44:12.000><c> actually</c><00:44:13.000><c> one</c>

00:44:13.499 --> 00:44:13.509 align:start position:0%
thing to look into is that actually one
 

00:44:13.509 --> 00:44:15.960 align:start position:0%
thing to look into is that actually one
kind<00:44:14.079><c> of</c><00:44:14.220><c> functionality</c><00:44:15.220><c> that</c><00:44:15.400><c> I</c><00:44:15.460><c> think</c><00:44:15.819><c> well</c>

00:44:15.960 --> 00:44:15.970 align:start position:0%
kind of functionality that I think well
 

00:44:15.970 --> 00:44:17.819 align:start position:0%
kind of functionality that I think well
light<00:44:16.210><c> will</c><00:44:16.390><c> likely</c><00:44:16.630><c> put</c><00:44:16.930><c> in</c><00:44:17.049><c> is</c><00:44:17.289><c> the</c><00:44:17.319><c> ability</c>

00:44:17.819 --> 00:44:17.829 align:start position:0%
light will likely put in is the ability
 

00:44:17.829 --> 00:44:20.039 align:start position:0%
light will likely put in is the ability
to<00:44:18.009><c> store</c><00:44:18.490><c> pieces</c><00:44:18.970><c> of</c><00:44:19.059><c> contract</c><00:44:19.539><c> code</c><00:44:19.750><c> on</c><00:44:19.960><c> the</c>

00:44:20.039 --> 00:44:20.049 align:start position:0%
to store pieces of contract code on the
 

00:44:20.049 --> 00:44:22.529 align:start position:0%
to store pieces of contract code on the
beacon<00:44:20.319><c> chain</c><00:44:20.559><c> and</c><00:44:21.430><c> then</c><00:44:21.730><c> have</c><00:44:22.000><c> the</c><00:44:22.180><c> ability</c>

00:44:22.529 --> 00:44:22.539 align:start position:0%
beacon chain and then have the ability
 

00:44:22.539 --> 00:44:24.569 align:start position:0%
beacon chain and then have the ability
to<00:44:22.569><c> just</c><00:44:22.869><c> reference</c><00:44:23.079><c> them</c><00:44:23.559><c> by</c><00:44:23.740><c> address</c><00:44:24.190><c> and</c>

00:44:24.569 --> 00:44:24.579 align:start position:0%
to just reference them by address and
 

00:44:24.579 --> 00:44:27.599 align:start position:0%
to just reference them by address and
this<00:44:25.299><c> would</c><00:44:25.799><c> like</c><00:44:26.799><c> this</c><00:44:27.009><c> would</c><00:44:27.220><c> prevent</c>

00:44:27.599 --> 00:44:27.609 align:start position:0%
this would like this would prevent
 

00:44:27.609 --> 00:44:30.180 align:start position:0%
this would like this would prevent
things<00:44:27.970><c> like</c><00:44:28.390><c> account</c><00:44:28.839><c> abstraction</c><00:44:29.769><c> like</c>

00:44:30.180 --> 00:44:30.190 align:start position:0%
things like account abstraction like
 

00:44:30.190 --> 00:44:33.390 align:start position:0%
things like account abstraction like
tokens<00:44:30.730><c> not</c><00:44:31.150><c> being</c><00:44:31.420><c> abstracted</c><00:44:32.140><c> and</c><00:44:32.380><c> or</c><00:44:32.769><c> token</c>

00:44:33.390 --> 00:44:33.400 align:start position:0%
tokens not being abstracted and or token
 

00:44:33.400 --> 00:44:34.589 align:start position:0%
tokens not being abstracted and or token
it's<00:44:33.490><c> already</c><00:44:33.730><c> being</c><00:44:33.940><c> abstracted</c>

00:44:34.589 --> 00:44:34.599 align:start position:0%
it's already being abstracted
 

00:44:34.599 --> 00:44:35.999 align:start position:0%
it's already being abstracted
all<00:44:34.630><c> these</c><00:44:34.779><c> other</c><00:44:34.989><c> things</c><00:44:35.049><c> from</c><00:44:35.589><c> blowing</c><00:44:35.769><c> up</c>

00:44:35.999 --> 00:44:36.009 align:start position:0%
all these other things from blowing up
 

00:44:36.009 --> 00:44:37.710 align:start position:0%
all these other things from blowing up
witness<00:44:36.369><c> sizes</c><00:44:36.759><c> because</c><00:44:37.089><c> you</c><00:44:37.239><c> know</c><00:44:37.299><c> instead</c>

00:44:37.710 --> 00:44:37.720 align:start position:0%
witness sizes because you know instead
 

00:44:37.720 --> 00:44:39.779 align:start position:0%
witness sizes because you know instead
of<00:44:37.779><c> having</c><00:44:38.109><c> a</c><00:44:39.069><c> piece</c><00:44:39.249><c> of</c><00:44:39.400><c> code</c><00:44:39.609><c> in</c><00:44:39.759><c> your</c>

00:44:39.779 --> 00:44:39.789 align:start position:0%
of having a piece of code in your
 

00:44:39.789 --> 00:44:41.339 align:start position:0%
of having a piece of code in your
witness<00:44:40.180><c> you'll</c><00:44:40.359><c> just</c><00:44:40.569><c> be</c><00:44:40.690><c> able</c><00:44:40.809><c> to</c><00:44:41.049><c> point</c><00:44:41.200><c> to</c>

00:44:41.339 --> 00:44:41.349 align:start position:0%
witness you'll just be able to point to
 

00:44:41.349 --> 00:44:43.620 align:start position:0%
witness you'll just be able to point to
an<00:44:41.499><c> index</c><00:44:41.799><c> so</c><00:44:42.519><c> a</c><00:44:42.549><c> lot</c><00:44:42.849><c> of</c><00:44:42.880><c> those</c><00:44:43.180><c> games</c><00:44:43.420><c> have</c>

00:44:43.620 --> 00:44:43.630 align:start position:0%
an index so a lot of those games have
 

00:44:43.630 --> 00:44:45.930 align:start position:0%
an index so a lot of those games have
kind<00:44:43.960><c> of</c><00:44:44.079><c> been</c><00:44:44.259><c> factored</c><00:44:45.069><c> into</c><00:44:45.220><c> the</c><00:44:45.430><c> existing</c>

00:44:45.930 --> 00:44:45.940 align:start position:0%
kind of been factored into the existing
 

00:44:45.940 --> 00:44:50.759 align:start position:0%
kind of been factored into the existing
design<00:44:46.150><c> already</c><00:44:47.190><c> another</c><00:44:49.229><c> thing</c><00:44:50.229><c> to</c><00:44:50.589><c> look</c>

00:44:50.759 --> 00:44:50.769 align:start position:0%
design already another thing to look
 

00:44:50.769 --> 00:44:53.940 align:start position:0%
design already another thing to look
into<00:44:51.190><c> either</c><00:44:51.400><c> would</c><00:44:51.999><c> it</c><00:44:52.150><c> be</c><00:44:52.390><c> I</c><00:44:53.079><c> know</c>

00:44:53.940 --> 00:44:53.950 align:start position:0%
into either would it be I know
 

00:44:53.950 --> 00:44:56.789 align:start position:0%
into either would it be I know
redesigning<00:44:54.789><c> user</c><00:44:55.329><c> accounts</c><00:44:56.049><c> so</c><00:44:56.319><c> that</c><00:44:56.349><c> you</c>

00:44:56.789 --> 00:44:56.799 align:start position:0%
redesigning user accounts so that you
 

00:44:56.799 --> 00:44:59.759 align:start position:0%
redesigning user accounts so that you
would<00:44:56.979><c> have</c><00:44:57.190><c> the</c><00:44:57.910><c> benefit</c><00:44:58.420><c> of</c><00:44:58.450><c> kind</c><00:44:59.410><c> of</c><00:44:59.470><c> being</c>

00:44:59.759 --> 00:44:59.769 align:start position:0%
would have the benefit of kind of being
 

00:44:59.769 --> 00:45:02.549 align:start position:0%
would have the benefit of kind of being
able<00:44:59.890><c> to</c><00:45:00.420><c> like</c><00:45:01.420><c> you</c><00:45:01.989><c> would</c><00:45:02.109><c> be</c><00:45:02.200><c> able</c><00:45:02.259><c> to</c><00:45:02.380><c> get</c>

00:45:02.549 --> 00:45:02.559 align:start position:0%
able to like you would be able to get
 

00:45:02.559 --> 00:45:04.229 align:start position:0%
able to like you would be able to get
the<00:45:02.680><c> efficiency</c><00:45:03.039><c> benefits</c><00:45:03.609><c> of</c><00:45:03.759><c> being</c><00:45:03.940><c> able</c><00:45:04.089><c> to</c>

00:45:04.229 --> 00:45:04.239 align:start position:0%
the efficiency benefits of being able to
 

00:45:04.239 --> 00:45:07.559 align:start position:0%
the efficiency benefits of being able to
hold<00:45:04.539><c> many</c><00:45:05.319><c> units</c><00:45:05.769><c> of</c><00:45:05.920><c> a</c><00:45:06.009><c> token</c><00:45:06.400><c> within</c><00:45:06.849><c> one</c>

00:45:07.559 --> 00:45:07.569 align:start position:0%
hold many units of a token within one
 

00:45:07.569 --> 00:45:09.420 align:start position:0%
hold many units of a token within one
particular<00:45:07.779><c> package</c><00:45:08.589><c> that</c><00:45:08.859><c> could</c><00:45:08.979><c> get</c><00:45:09.190><c> passed</c>

00:45:09.420 --> 00:45:09.430 align:start position:0%
particular package that could get passed
 

00:45:09.430 --> 00:45:11.910 align:start position:0%
particular package that could get passed
around<00:45:09.609><c> between</c><00:45:09.910><c> shards</c><00:45:10.509><c> but</c><00:45:10.749><c> like</c><00:45:11.499><c> there's</c>

00:45:11.910 --> 00:45:11.920 align:start position:0%
around between shards but like there's
 

00:45:11.920 --> 00:45:13.589 align:start position:0%
around between shards but like there's
trade-offs<00:45:12.309><c> there</c><00:45:12.489><c> right</c><00:45:12.789><c> because</c><00:45:13.089><c> from</c><00:45:13.479><c> a</c>

00:45:13.589 --> 00:45:13.599 align:start position:0%
trade-offs there right because from a
 

00:45:13.599 --> 00:45:15.029 align:start position:0%
trade-offs there right because from a
privacy<00:45:14.079><c> point</c><00:45:14.259><c> of</c><00:45:14.440><c> view</c><00:45:14.559><c> if</c><00:45:14.680><c> you</c><00:45:14.799><c> want</c><00:45:14.979><c> to</c>

00:45:15.029 --> 00:45:15.039 align:start position:0%
privacy point of view if you want to
 

00:45:15.039 --> 00:45:16.559 align:start position:0%
privacy point of view if you want to
improve<00:45:15.249><c> your</c><00:45:15.369><c> privacy</c><00:45:15.849><c> it</c><00:45:15.940><c> actually</c><00:45:16.359><c> makes</c>

00:45:16.559 --> 00:45:16.569 align:start position:0%
improve your privacy it actually makes
 

00:45:16.569 --> 00:45:19.349 align:start position:0%
improve your privacy it actually makes
sense<00:45:16.839><c> to</c><00:45:17.109><c> kind</c><00:45:17.440><c> of</c><00:45:17.799><c> separate</c><00:45:18.729><c> out</c><00:45:18.880><c> all</c><00:45:19.089><c> of</c><00:45:19.119><c> you</c>

00:45:19.349 --> 00:45:19.359 align:start position:0%
sense to kind of separate out all of you
 

00:45:19.359 --> 00:45:22.049 align:start position:0%
sense to kind of separate out all of you
all<00:45:19.509><c> of</c><00:45:19.539><c> your</c><00:45:19.809><c> token</c><00:45:20.200><c> holdings</c><00:45:20.559><c> from</c><00:45:21.339><c> from</c>

00:45:22.049 --> 00:45:22.059 align:start position:0%
all of your token holdings from from
 

00:45:22.059 --> 00:45:23.190 align:start position:0%
all of your token holdings from from
each<00:45:22.180><c> other</c><00:45:22.420><c> and</c><00:45:22.599><c> even</c><00:45:22.839><c> have</c><00:45:22.989><c> multiple</c>

00:45:23.190 --> 00:45:23.200 align:start position:0%
each other and even have multiple
 

00:45:23.200 --> 00:45:27.299 align:start position:0%
each other and even have multiple
accounts<00:45:23.859><c> per</c><00:45:24.009><c> tokens</c><00:45:24.460><c> so</c><00:45:24.789><c> it's</c><00:45:25.440><c> like</c><00:45:26.440><c> in</c>

00:45:27.299 --> 00:45:27.309 align:start position:0%
accounts per tokens so it's like in
 

00:45:27.309 --> 00:45:29.969 align:start position:0%
accounts per tokens so it's like in
general<00:45:27.729><c> I</c><00:45:28.180><c> feel</c><00:45:28.420><c> like</c><00:45:28.660><c> there's</c><00:45:29.319><c> a</c><00:45:29.410><c> way</c><00:45:29.680><c> like</c>

00:45:29.969 --> 00:45:29.979 align:start position:0%
general I feel like there's a way like
 

00:45:29.979 --> 00:45:32.009 align:start position:0%
general I feel like there's a way like
the<00:45:30.430><c> optimizations</c><00:45:31.180><c> are</c><00:45:31.390><c> needed</c><00:45:31.690><c> but</c><00:45:31.869><c> there's</c>

00:45:32.009 --> 00:45:32.019 align:start position:0%
the optimizations are needed but there's
 

00:45:32.019 --> 00:45:34.079 align:start position:0%
the optimizations are needed but there's
generally<00:45:32.289><c> ways</c><00:45:32.859><c> to</c><00:45:33.069><c> make</c><00:45:33.220><c> the</c><00:45:33.369><c> optimization</c>

00:45:34.079 --> 00:45:34.089 align:start position:0%
generally ways to make the optimization
 

00:45:34.089 --> 00:45:37.829 align:start position:0%
generally ways to make the optimization
without<00:45:34.359><c> enshrining</c><00:45:34.749><c> too</c><00:45:34.960><c> many</c><00:45:35.140><c> things</c><00:45:36.839><c> it's</c>

00:45:37.829 --> 00:45:37.839 align:start position:0%
without enshrining too many things it's
 

00:45:37.839 --> 00:45:41.459 align:start position:0%
without enshrining too many things it's
important<00:45:38.140><c> to</c><00:45:38.229><c> note</c><00:45:38.380><c> the</c><00:45:39.779><c> the</c><00:45:40.779><c> notion</c><00:45:41.289><c> of</c>

00:45:41.459 --> 00:45:41.469 align:start position:0%
important to note the the notion of
 

00:45:41.469 --> 00:45:43.529 align:start position:0%
important to note the the notion of
owning<00:45:42.039><c> ether</c><00:45:42.489><c> actually</c><00:45:42.969><c> becomes</c><00:45:43.269><c> a</c><00:45:43.359><c> layer</c>

00:45:43.529 --> 00:45:43.539 align:start position:0%
owning ether actually becomes a layer
 

00:45:43.539 --> 00:45:45.959 align:start position:0%
owning ether actually becomes a layer
two<00:45:43.719><c> concept</c><00:45:44.140><c> in</c><00:45:44.380><c> ease</c><00:45:44.710><c> so</c><00:45:45.519><c> the</c><00:45:45.640><c> only</c><00:45:45.789><c> thing</c>

00:45:45.959 --> 00:45:45.969 align:start position:0%
two concept in ease so the only thing
 

00:45:45.969 --> 00:45:48.839 align:start position:0%
two concept in ease so the only thing
that<00:45:45.999><c> owns</c><00:45:46.329><c> ease</c><00:45:46.569><c> is</c><00:45:47.049><c> the</c><00:45:47.410><c> actually</c><00:45:47.920><c> easy</c><00:45:48.519><c> has</c>

00:45:48.839 --> 00:45:48.849 align:start position:0%
that owns ease is the actually easy has
 

00:45:48.849 --> 00:45:50.400 align:start position:0%
that owns ease is the actually easy has
a<00:45:48.880><c> balance</c><00:45:49.329><c> and</c><00:45:49.569><c> then</c><00:45:49.660><c> there's</c><00:45:49.839><c> some</c><00:45:50.049><c> sort</c><00:45:50.229><c> of</c>

00:45:50.400 --> 00:45:50.410 align:start position:0%
a balance and then there's some sort of
 

00:45:50.410 --> 00:45:52.440 align:start position:0%
a balance and then there's some sort of
presumably<00:45:51.339><c> some</c><00:45:51.609><c> sort</c><00:45:51.819><c> of</c><00:45:51.849><c> account</c><00:45:52.150><c> model</c>

00:45:52.440 --> 00:45:52.450 align:start position:0%
presumably some sort of account model
 

00:45:52.450 --> 00:45:53.969 align:start position:0%
presumably some sort of account model
and<00:45:52.569><c> state</c><00:45:52.749><c> model</c><00:45:53.049><c> within</c><00:45:53.229><c> that</c><00:45:53.469><c> ee</c><00:45:53.680><c> that's</c>

00:45:53.969 --> 00:45:53.979 align:start position:0%
and state model within that ee that's
 

00:45:53.979 --> 00:45:55.890 align:start position:0%
and state model within that ee that's
defined<00:45:54.369><c> that</c><00:45:54.880><c> allows</c><00:45:55.089><c> you</c><00:45:55.299><c> to</c><00:45:55.390><c> actually</c><00:45:55.749><c> have</c>

00:45:55.890 --> 00:45:55.900 align:start position:0%
defined that allows you to actually have
 

00:45:55.900 --> 00:45:57.719 align:start position:0%
defined that allows you to actually have
a<00:45:55.930><c> right</c><00:45:56.170><c> to</c><00:45:56.469><c> a</c><00:45:56.499><c> portion</c><00:45:57.069><c> of</c><00:45:57.160><c> that</c><00:45:57.219><c> either</c><00:45:57.400><c> and</c>

00:45:57.719 --> 00:45:57.729 align:start position:0%
a right to a portion of that either and
 

00:45:57.729 --> 00:45:59.370 align:start position:0%
a right to a portion of that either and
so<00:45:58.059><c> we've</c><00:45:58.210><c> actually</c><00:45:58.329><c> instead</c><00:45:58.869><c> of</c><00:45:58.930><c> enshrining</c>

00:45:59.370 --> 00:45:59.380 align:start position:0%
so we've actually instead of enshrining
 

00:45:59.380 --> 00:46:02.759 align:start position:0%
so we've actually instead of enshrining
tokens<00:45:59.859><c> we're</c><00:46:00.009><c> not</c><00:46:00.130><c> like</c><00:46:00.749><c> d</c><00:46:01.749><c> shrining</c><00:46:02.109><c> either</c>

00:46:02.759 --> 00:46:02.769 align:start position:0%
tokens we're not like d shrining either
 

00:46:02.769 --> 00:46:06.690 align:start position:0%
tokens we're not like d shrining either
within<00:46:03.190><c> within</c><00:46:03.880><c> the</c><00:46:05.249><c> alright</c><00:46:06.249><c> we</c><00:46:06.369><c> have</c><00:46:06.519><c> to</c>

00:46:06.690 --> 00:46:06.700 align:start position:0%
within within the alright we have to
 

00:46:06.700 --> 00:46:10.170 align:start position:0%
within within the alright we have to
stop<00:46:06.999><c> here</c><00:46:07.479><c> sorry</c><00:46:08.019><c> everyone</c><00:46:08.880><c> do</c><00:46:09.880><c> you</c><00:46:09.940><c> want</c><00:46:10.119><c> to</c>

00:46:10.170 --> 00:46:10.180 align:start position:0%
stop here sorry everyone do you want to
 

00:46:10.180 --> 00:46:12.690 align:start position:0%
stop here sorry everyone do you want to
talk<00:46:10.299><c> less</c><00:46:10.900><c> herded</c><00:46:11.349><c> coded</c><00:46:11.829><c> things</c><00:46:12.009><c> at</c><00:46:12.489><c> the</c><00:46:12.609><c> end</c>

00:46:12.690 --> 00:46:12.700 align:start position:0%
talk less herded coded things at the end
 

00:46:12.700 --> 00:46:15.469 align:start position:0%
talk less herded coded things at the end
of<00:46:12.789><c> the</c><00:46:12.849><c> day</c><00:46:12.940><c> is</c><00:46:12.999><c> better</c><00:46:13.349><c> you</c><00:46:14.349><c> know</c><00:46:14.469><c> so</c><00:46:14.799><c> I'm</c><00:46:14.950><c> not</c>

00:46:15.469 --> 00:46:15.479 align:start position:0%
of the day is better you know so I'm not
 

00:46:15.479 --> 00:46:19.410 align:start position:0%
of the day is better you know so I'm not
having<00:46:16.479><c> like</c><00:46:16.630><c> a</c><00:46:16.690><c> yeah</c><00:46:17.410><c> you</c><00:46:18.039><c> know</c><00:46:18.160><c> like</c><00:46:18.369><c> a</c><00:46:18.420><c> ERC</c>

00:46:19.410 --> 00:46:19.420 align:start position:0%
having like a yeah you know like a ERC
 

00:46:19.420 --> 00:46:21.479 align:start position:0%
having like a yeah you know like a ERC
hard-coded<00:46:20.049><c> just</c><00:46:20.410><c> gonna</c><00:46:20.710><c> be</c><00:46:21.039><c> better</c><00:46:21.309><c> because</c>

00:46:21.479 --> 00:46:21.489 align:start position:0%
hard-coded just gonna be better because
 

00:46:21.489 --> 00:46:24.359 align:start position:0%
hard-coded just gonna be better because
less<00:46:22.089><c> hard</c><00:46:22.329><c> Forex</c><00:46:22.719><c> less</c><00:46:23.069><c> nonsense</c><00:46:24.069><c> to</c><00:46:24.219><c> deal</c>

00:46:24.359 --> 00:46:24.369 align:start position:0%
less hard Forex less nonsense to deal
 

00:46:24.369 --> 00:46:33.830 align:start position:0%
less hard Forex less nonsense to deal
with<00:46:24.489><c> from</c><00:46:24.670><c> a</c><00:46:24.700><c> p.m.</c><00:46:25.180><c> perspective</c>

00:46:33.830 --> 00:46:33.840 align:start position:0%
 
 

00:46:33.840 --> 00:46:35.900 align:start position:0%
 
you

