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Language: en

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hello<00:00:05.370><c> everyone</c><00:00:05.790><c> I</c><00:00:05.970><c> shower</c><00:00:06.569><c> from</c><00:00:06.870><c> research</c>

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hello everyone I shower from research
 

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hello everyone I shower from research
team<00:00:07.470><c> and</c><00:00:08.510><c> today</c><00:00:09.510><c> my</c><00:00:09.780><c> talk</c><00:00:09.840><c> is</c><00:00:10.260><c> about</c><00:00:10.549><c> toward</c>

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team and today my talk is about toward
 

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team and today my talk is about toward
eastern<00:00:12.120><c> 2.0</c><00:00:13.099><c> shutting</c><00:00:14.099><c> universe</c><00:00:14.549><c> and</c><00:00:14.849><c> also</c>

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eastern 2.0 shutting universe and also
 

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eastern 2.0 shutting universe and also
before<00:00:17.130><c> it's</c><00:00:17.369><c> complete</c><00:00:17.939><c> and</c><00:00:18.180><c> delivered</c><00:00:19.070><c> there</c>

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before it's complete and delivered there
 

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before it's complete and delivered there
is<00:00:20.220><c> a</c><00:00:20.250><c> gap</c><00:00:20.669><c> between</c><00:00:20.700><c> now</c><00:00:21.540><c> and</c><00:00:21.710><c> the</c><00:00:22.710><c> end</c><00:00:22.980><c> game</c><00:00:23.300><c> so</c>

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is a gap between now and the end game so
 

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is a gap between now and the end game so
what<00:00:25.169><c> we</c><00:00:25.380><c> shall</c><00:00:25.559><c> build</c><00:00:25.829><c> for</c><00:00:26.189><c> it</c><00:00:32.809><c> so</c><00:00:33.809><c> this</c><00:00:34.680><c> is</c>

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what we shall build for it so this is
 

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what we shall build for it so this is
the<00:00:34.920><c> well-known</c><00:00:35.390><c> is</c><00:00:36.390><c> there</c><00:00:36.540><c> a</c><00:00:36.570><c> roadmap</c><00:00:37.019><c> that</c><00:00:37.260><c> I</c>

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the well-known is there a roadmap that I
 

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the well-known is there a roadmap that I
don't<00:00:38.039><c> need</c><00:00:38.129><c> to</c><00:00:38.190><c> go</c><00:00:38.519><c> through</c><00:00:38.730><c> again</c><00:00:39.059><c> the</c>

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don't need to go through again the
 

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don't need to go through again the
allies<00:00:40.109><c> quite</c><00:00:40.440><c> simple</c><00:00:40.980><c> all</c><00:00:41.850><c> those</c><00:00:42.179><c> faces</c><00:00:42.629><c> are</c>

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allies quite simple all those faces are
 

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allies quite simple all those faces are
have<00:00:43.589><c> its</c><00:00:43.829><c> own</c><00:00:44.010><c> girls</c><00:00:44.429><c> and</c><00:00:44.699><c> however</c><00:00:45.600><c> found</c><00:00:46.350><c> the</c>

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have its own girls and however found the
 

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have its own girls and however found the
decide<00:00:47.100><c> to</c><00:00:47.550><c> production</c><00:00:48.359><c> let's</c><00:00:49.260><c> actually</c><00:00:49.620><c> like</c>

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decide to production let's actually like
 

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decide to production let's actually like
it's<00:00:51.420><c> actually</c><00:00:51.659><c> like</c><00:00:52.140><c> this</c><00:00:54.199><c> so</c><00:00:55.199><c> how</c>

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it's actually like this so how
 

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it's actually like this so how
impractical<00:00:55.920><c> is</c><00:00:56.879><c> like</c><00:00:57.179><c> a</c><00:00:57.210><c> twisted</c><00:00:57.600><c> a</c><00:00:58.079><c> highway</c>

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impractical is like a twisted a highway
 

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impractical is like a twisted a highway
layer<00:00:59.309><c> by</c><00:00:59.609><c> layers</c><00:00:59.969><c> and</c><00:01:00.829><c> connected</c><00:01:04.250><c> so</c><00:01:05.250><c> the</c><00:01:05.780><c> the</c>

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layer by layers and connected so the the
 

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layer by layers and connected so the the
courage<00:01:07.110><c> of</c><00:01:07.350><c> the</c><00:01:08.130><c> current</c><00:01:08.460><c> approach</c><00:01:08.850><c> is</c><00:01:09.750><c> much</c>

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courage of the current approach is much
 

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courage of the current approach is much
better<00:01:10.830><c> than</c><00:01:11.370><c> the</c><00:01:11.850><c> early</c><00:01:12.360><c> shoddy</c><00:01:13.140><c> and</c><00:01:13.440><c> Casper</c>

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better than the early shoddy and Casper
 

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better than the early shoddy and Casper
design<00:01:14.520><c> like</c><00:01:15.480><c> in</c><00:01:15.750><c> the</c><00:01:16.610><c> 2017</c><00:01:17.610><c> and</c><00:01:19.970><c> where</c><00:01:20.970><c> there</c>

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design like in the 2017 and where there
 

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design like in the 2017 and where there
were<00:01:21.540><c> no</c><00:01:21.990><c> beacon</c><00:01:22.440><c> chain</c><00:01:22.740><c> between</c><00:01:23.250><c> the</c><00:01:23.820><c> East</c>

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were no beacon chain between the East
 

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were no beacon chain between the East
one<00:01:24.810><c> chain</c><00:01:25.080><c> and</c><00:01:25.440><c> is</c><00:01:25.740><c> to</c><00:01:25.950><c> chain</c><00:01:26.250><c> and</c><00:01:26.580><c> The</c>

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one chain and is to chain and The
 

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one chain and is to chain and The
Shining<00:01:27.510><c> trains</c><00:01:27.900><c> are</c><00:01:28.110><c> actually</c><00:01:28.530><c> they</c><00:01:29.040><c> were</c>

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Shining trains are actually they were
 

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Shining trains are actually they were
depending<00:01:30.030><c> on</c><00:01:30.180><c> the</c><00:01:30.450><c> expansion</c><00:01:31.460><c> but</c><00:01:32.460><c> however</c>

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depending on the expansion but however
 

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depending on the expansion but however
even<00:01:33.450><c> with</c><00:01:33.780><c> the</c><00:01:34.140><c> become</c><00:01:34.560><c> chain</c><00:01:34.800><c> we</c><00:01:35.670><c> still</c><00:01:35.880><c> have</c>

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even with the become chain we still have
 

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even with the become chain we still have
to<00:01:36.750><c> comfort</c><00:01:37.320><c> the</c><00:01:37.710><c> backward-compatible</c>

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to comfort the backward-compatible
 

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to comfort the backward-compatible
issues<00:01:40.470><c> for</c><00:01:40.890><c> it</c><00:01:41.070><c> and</c><00:01:41.870><c> for</c><00:01:42.870><c> the</c><00:01:43.170><c> design</c><00:01:43.860><c> areas</c>

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issues for it and for the design areas
 

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issues for it and for the design areas
something<00:01:46.430><c> sometimes</c><00:01:47.430><c> is</c><00:01:47.670><c> vertical</c><00:01:48.590><c> in</c><00:01:49.590><c> some</c>

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something sometimes is vertical in some
 

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something sometimes is vertical in some
highs<00:01:50.100><c> is</c><00:01:50.540><c> horizontal</c>

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and<00:02:00.100><c> that</c><00:02:00.909><c> I</c><00:02:02.220><c> recall</c><00:02:03.220><c> that</c><00:02:03.490><c> that</c><00:02:03.850><c> in</c><00:02:04.210><c> 2017</c>

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and that I recall that that in 2017
 

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and that I recall that that in 2017
research<00:02:06.280><c> King</c><00:02:06.700><c> has</c><00:02:07.060><c> received</c><00:02:07.840><c> some</c><00:02:08.170><c> feedback</c>

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research King has received some feedback
 

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research King has received some feedback
from<00:02:08.979><c> community</c><00:02:09.509><c> found</c><00:02:10.509><c> the</c><00:02:10.720><c> client</c><00:02:11.050><c> thinks</c>

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from community found the client thinks
 

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from community found the client thinks
that<00:02:11.680><c> we</c><00:02:12.310><c> should</c><00:02:12.340><c> have</c><00:02:12.819><c> more</c><00:02:13.209><c> incremental</c><00:02:13.720><c> ism</c>

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that we should have more incremental ism
 

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that we should have more incremental ism
in<00:02:15.760><c> the</c><00:02:16.060><c> design</c><00:02:16.780><c> philosophy</c><00:02:18.569><c> that</c><00:02:19.569><c> is</c><00:02:19.900><c> to</c><00:02:20.620><c> add</c>

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in the design philosophy that is to add
 

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in the design philosophy that is to add
more<00:02:21.630><c> to</c><00:02:22.630><c> add</c><00:02:22.780><c> many</c><00:02:23.130><c> small</c><00:02:24.130><c> incremental</c><00:02:25.060><c> steps</c>

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more to add many small incremental steps
 

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more to add many small incremental steps
step<00:02:27.670><c> by</c><00:02:27.790><c> step</c><00:02:28.060><c> changes</c><00:02:28.590><c> instead</c><00:02:29.590><c> of</c><00:02:29.860><c> a</c><00:02:29.890><c> few</c>

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step by step changes instead of a few
 

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step by step changes instead of a few
large<00:02:31.390><c> sounder</c><00:02:32.019><c> drugs</c><00:02:33.600><c> to</c><00:02:34.600><c> compare</c><00:02:35.260><c> this</c><00:02:35.560><c> to</c>

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large sounder drugs to compare this to
 

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large sounder drugs to compare this to
different<00:02:36.640><c> strategies</c><00:02:37.510><c> and</c><00:02:38.010><c> for</c><00:02:39.010><c> example</c>

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different strategies and for example
 

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different strategies and for example
when<00:02:39.850><c> we</c><00:02:40.090><c> are</c><00:02:40.120><c> building</c><00:02:40.450><c> a</c><00:02:41.019><c> city</c><00:02:41.950><c> with</c>

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when we are building a city with
 

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when we are building a city with
incremental<00:02:43.349><c> strategy</c><00:02:44.910><c> we</c><00:02:45.910><c> should</c><00:02:46.180><c> start</c>

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incremental strategy we should start
 

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incremental strategy we should start
from<00:02:46.660><c> the</c><00:02:46.900><c> base</c><00:02:47.200><c> construction</c><00:02:48.190><c> and</c><00:02:49.560><c> then</c>

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from the base construction and then
 

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from the base construction and then
build<00:02:50.980><c> the</c><00:02:51.130><c> small</c><00:02:51.630><c> small</c><00:02:52.630><c> houses</c><00:02:52.950><c> and</c><00:02:54.000><c> then</c>

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build the small small houses and then
 

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build the small small houses and then
nearby<00:02:56.500><c> the</c><00:02:56.680><c> small</c><00:02:57.220><c> houses</c><00:02:57.400><c> we</c><00:02:58.090><c> build</c><00:02:58.390><c> higher</c>

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nearby the small houses we build higher
 

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nearby the small houses we build higher
buildings<00:02:59.349><c> the</c><00:03:00.340><c> last</c><00:03:00.810><c> incremental</c><00:03:01.810><c> saying</c>

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buildings the last incremental saying
 

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buildings the last incremental saying
looks<00:03:03.100><c> like</c><00:03:03.450><c> and</c><00:03:04.450><c> for</c><00:03:05.109><c> the</c><00:03:05.230><c> sound</c><00:03:05.470><c> ins</c><00:03:05.680><c> and</c>

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looks like and for the sound ins and
 

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looks like and for the sound ins and
with<00:03:08.350><c> the</c><00:03:08.560><c> southern</c><00:03:08.950><c> implantation</c>

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with the southern implantation
 

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with the southern implantation
we<00:03:10.750><c> would</c><00:03:10.989><c> draw</c><00:03:11.230><c> the</c><00:03:11.290><c> blueprint</c><00:03:12.190><c> very</c><00:03:12.640><c> very</c>

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we would draw the blueprint very very
 

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we would draw the blueprint very very
carefully<00:03:13.600><c> and</c><00:03:14.489><c> start</c><00:03:15.489><c> to</c><00:03:15.760><c> contract</c><00:03:16.269><c> and</c>

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carefully and start to contract and
 

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carefully and start to contract and
suddenly<00:03:18.069><c> the</c><00:03:18.519><c> castle</c><00:03:19.299><c> just</c><00:03:19.420><c> landed</c><00:03:20.790><c> so</c><00:03:23.310><c> I'd</c>

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suddenly the castle just landed so I'd
 

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suddenly the castle just landed so I'd
say<00:03:24.670><c> that</c><00:03:25.079><c> current</c><00:03:26.079><c> the</c><00:03:26.170><c> current</c><00:03:26.380><c> approach</c><00:03:26.739><c> in</c>

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say that current the current approach in
 

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say that current the current approach in
each<00:03:27.609><c> row</c><00:03:27.850><c> is</c><00:03:28.090><c> much</c><00:03:28.389><c> more</c><00:03:29.459><c> toward</c>

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each row is much more toward
 

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each row is much more toward
incrementalist<00:03:31.989><c> and</c><00:03:32.230><c> design</c><00:03:32.850><c> but</c><00:03:34.739><c> there's</c>

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incrementalist and design but there's
 

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incrementalist and design but there's
still<00:03:36.220><c> something</c><00:03:36.760><c> that</c><00:03:37.209><c> we</c><00:03:37.510><c> need</c><00:03:37.660><c> to</c><00:03:37.780><c> think</c>

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still something that we need to think
 

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still something that we need to think
about

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so<00:03:44.210><c> the</c><00:03:46.060><c> disadvantage</c><00:03:47.060><c> of</c><00:03:47.800><c> the</c><00:03:49.510><c> incremental</c>

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so the disadvantage of the incremental
 

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so the disadvantage of the incremental
decides<00:03:51.020><c> that</c><00:03:52.209><c> -</c><00:03:53.209><c> in</c><00:03:54.020><c> the</c><00:03:54.260><c> part</c><00:03:55.040><c> of</c><00:03:55.190><c> you</c><00:03:55.400><c> can</c>

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decides that - in the part of you can
 

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decides that - in the part of you can
see<00:03:56.180><c> that</c><00:03:56.390><c> in</c><00:03:57.020><c> my</c><00:03:57.230><c> waist</c><00:03:57.650><c> on</c><00:03:57.830><c> time</c><00:03:58.069><c> to</c><00:03:58.490><c> build</c>

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see that in my waist on time to build
 

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see that in my waist on time to build
the<00:03:59.240><c> face</c><00:03:59.540><c> and</c><00:03:59.810><c> faces</c><00:04:00.670><c> and</c><00:04:01.670><c> let's</c><00:04:02.450><c> also</c><00:04:04.209><c> the</c>

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the face and faces and let's also the
 

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the face and faces and let's also the
Beco<00:04:05.800><c> fallacy</c><00:04:06.820><c> seeing</c><00:04:07.820><c> can</c><00:04:08.660><c> see</c><00:04:08.930><c> they</c><00:04:09.080><c> start</c><00:04:09.380><c> a</c>

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Beco fallacy seeing can see they start a
 

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Beco fallacy seeing can see they start a
picot<00:04:10.010><c> it</c><00:04:10.730><c> has</c><00:04:10.910><c> a</c><00:04:11.150><c> very</c><00:04:11.480><c> very</c><00:04:11.660><c> good</c><00:04:11.780><c> sense</c><00:04:12.290><c> of</c>

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picot it has a very very good sense of
 

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picot it has a very very good sense of
smell

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smell
 

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smell
but<00:04:14.030><c> we've</c><00:04:14.600><c> very</c><00:04:15.500><c> limited</c><00:04:16.100><c> I'll</c><00:04:16.430><c> I</c><00:04:16.760><c> sigh</c><00:04:17.410><c> so</c>

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but we've very limited I'll I sigh so
 

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but we've very limited I'll I sigh so
it's<00:04:18.560><c> possible</c><00:04:18.880><c> they're</c><00:04:19.880><c> praised</c><00:04:20.450><c> just</c><00:04:20.840><c> found</c>

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it's possible they're praised just found
 

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it's possible they're praised just found
out<00:04:21.290><c> them</c><00:04:21.470><c> but</c><00:04:21.950><c> it</c><00:04:22.070><c> sounds</c><00:04:22.460><c> winked</c><00:04:23.210><c> so</c><00:04:23.720><c> like</c>

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out them but it sounds winked so like
 

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out them but it sounds winked so like
can<00:04:24.169><c> see</c><00:04:24.410><c> that</c><00:04:25.010><c> the</c><00:04:25.190><c> prey</c><00:04:25.430><c> even</c><00:04:25.669><c> if</c><00:04:26.000><c> read</c><00:04:26.510><c> it's</c>

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can see that the prey even if read it's
 

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can see that the prey even if read it's
very<00:04:26.810><c> close</c><00:04:27.050><c> to</c><00:04:27.080><c> it</c><00:04:27.490><c> so</c><00:04:28.490><c> so</c><00:04:29.090><c> is</c><00:04:29.330><c> that</c><00:04:29.690><c> in</c><00:04:29.960><c> the</c>

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very close to it so so is that in the
 

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very close to it so so is that in the
local<00:04:31.669><c> decide</c><00:04:34.270><c> so</c><00:04:35.270><c> that's</c><00:04:35.600><c> why</c><00:04:35.930><c> we</c><00:04:36.260><c> usually</c>

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local decide so that's why we usually
 

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local decide so that's why we usually
have<00:04:37.010><c> to</c><00:04:37.280><c> go</c><00:04:37.610><c> back</c><00:04:37.880><c> elbows</c><00:04:38.419><c> and</c><00:04:38.750><c> to</c><00:04:39.650><c> fix</c>

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have to go back elbows and to fix
 

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have to go back elbows and to fix
problem<00:04:40.370><c> that</c><00:04:40.940><c> are</c><00:04:41.150><c> hiding</c><00:04:41.450><c> somewhere</c><00:04:45.550><c> and</c><00:04:46.840><c> ok</c>

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problem that are hiding somewhere and ok
 

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problem that are hiding somewhere and ok
so<00:04:48.130><c> classic</c><00:04:49.130><c> and</c><00:04:49.340><c> I</c><00:04:49.690><c> organized</c><00:04:50.690><c> survey</c>

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so classic and I organized survey
 

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so classic and I organized survey
recently<00:04:51.970><c> the</c><00:04:52.970><c> survey</c><00:04:53.240><c> was</c><00:04:53.450><c> for</c><00:04:53.900><c> the</c><00:04:54.260><c> external</c>

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recently the survey was for the external
 

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recently the survey was for the external
community<00:04:55.250><c> and</c><00:04:55.850><c> especially</c><00:04:56.360><c> the</c><00:04:57.140><c> developers</c>

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community and especially the developers
 

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community and especially the developers
and<00:04:58.390><c> one</c><00:04:59.390><c> of</c><00:04:59.510><c> the</c><00:04:59.660><c> question</c><00:05:00.110><c> is</c><00:05:01.210><c> what</c><00:05:02.440><c> portion</c>

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and one of the question is what portion
 

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and one of the question is what portion
properties<00:05:04.160><c> or</c><00:05:04.870><c> functionalities</c><00:05:05.870><c> do</c><00:05:06.650><c> we</c>

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properties or functionalities do we
 

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properties or functionalities do we
sorry

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sorry
 

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sorry
do<00:05:09.350><c> you</c><00:05:09.500><c> want</c><00:05:09.800><c> to</c><00:05:09.950><c> see</c><00:05:11.020><c> implemented</c><00:05:12.020><c> in</c><00:05:12.470><c> East</c>

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do you want to see implemented in East
 

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do you want to see implemented in East
200<00:05:13.010><c> or</c><00:05:13.430><c> is</c><00:05:13.820><c> to</c><00:05:14.060><c> one</c><00:05:14.360><c> point</c><00:05:14.540><c> X</c><00:05:15.190><c> so</c><00:05:16.190><c> we</c><00:05:16.370><c> got</c><00:05:16.550><c> about</c>

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200 or is to one point X so we got about
 

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200 or is to one point X so we got about
sixty<00:05:18.470><c> nine</c><00:05:18.620><c> people</c><00:05:19.040><c> answered</c><00:05:19.610><c> a</c><00:05:19.760><c> structure</c>

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sixty nine people answered a structure
 

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sixty nine people answered a structure
and<00:05:20.630><c> I</c><00:05:21.140><c> categorized</c><00:05:21.890><c> them</c><00:05:22.130><c> with</c><00:05:22.760><c> some</c><00:05:23.540><c> simple</c>

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and I categorized them with some simple
 

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and I categorized them with some simple
text<00:05:25.210><c> below</c><00:05:27.760><c> and</c><00:05:29.770><c> the</c><00:05:30.770><c> top</c><00:05:31.220><c> three</c><00:05:31.490><c> wishes</c>

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text below and the top three wishes
 

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text below and the top three wishes
there<00:05:32.930><c> are</c><00:05:34.030><c> scalability</c><00:05:35.030><c> is</c><00:05:35.090><c> proof</c><00:05:35.840><c> of</c><00:05:35.960><c> stake</c>

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there are scalability is proof of stake
 

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there are scalability is proof of stake
and<00:05:37.300><c> get</c><00:05:38.300><c> a</c><00:05:38.330><c> free</c><00:05:38.810><c> model</c><00:05:39.050><c> increment</c>

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and get a free model increment
 

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and get a free model increment
improvement<00:05:41.169><c> those</c><00:05:42.169><c> three</c><00:05:42.680><c> different</c>

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improvement those three different
 

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improvement those three different
requirements<00:05:44.000><c> but</c><00:05:44.510><c> at</c><00:05:45.110><c> some</c><00:05:45.350><c> point</c><00:05:45.380><c> they</c><00:05:46.370><c> are</c>

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requirements but at some point they are
 

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requirements but at some point they are
overlapping<00:05:47.120><c> I'm</c><00:05:47.840><c> sorry</c>

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overlapping I'm sorry
 

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overlapping I'm sorry
[Music]

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[Music]
 

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[Music]
they<00:05:52.800><c> are</c><00:05:52.860><c> all</c><00:05:53.040><c> rapping</c><00:05:53.580><c> in</c><00:05:54.540><c> the</c><00:05:54.840><c> is</c><00:05:55.260><c> to</c><00:05:55.530><c> old</c>

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they are all rapping in the is to old
 

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they are all rapping in the is to old
design<00:05:56.160><c> map</c><00:05:58.220><c> so</c><00:05:59.220><c> I</c><00:05:59.840><c> select</c><00:06:00.840><c> some</c><00:06:01.080><c> of</c><00:06:01.110><c> the</c>

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design map so I select some of the
 

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design map so I select some of the
topics<00:06:01.710><c> based</c><00:06:02.430><c> on</c><00:06:02.700><c> the</c><00:06:02.970><c> top</c><00:06:03.210><c> wishes</c><00:06:03.570><c> today</c><00:06:03.900><c> to</c>

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topics based on the top wishes today to
 

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topics based on the top wishes today to
introduce<00:06:04.500><c> to</c><00:06:04.740><c> you</c><00:06:07.100><c> and</c><00:06:08.240><c> this</c><00:06:09.240><c> three</c><00:06:09.720><c> topics</c>

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introduce to you and this three topics
 

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introduce to you and this three topics
include<00:06:11.550><c> the</c><00:06:11.580><c> abstract</c><00:06:12.270><c> and</c><00:06:13.850><c> stretching</c><00:06:14.850><c> and</c>

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include the abstract and stretching and
 

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include the abstract and stretching and
application<00:06:15.840><c> and</c><00:06:16.910><c> some</c><00:06:17.910><c> significant</c><00:06:18.720><c> changes</c>

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application and some significant changes
 

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application and some significant changes
I<00:06:19.410><c> will</c><00:06:19.680><c> have</c><00:06:19.920><c> him</c><00:06:20.190><c> English</c><00:06:20.760><c> -</c><00:06:20.940><c> all</c><00:06:21.590><c> shouting</c>

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I will have him English - all shouting
 

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I will have him English - all shouting
universe<00:06:26.720><c> so</c><00:06:27.720><c> the</c><00:06:28.050><c> first</c><00:06:28.290><c> one</c><00:06:28.500><c> is</c><00:06:28.680><c> there</c><00:06:29.580><c> one</c>

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universe so the first one is there one
 

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universe so the first one is there one
account<00:06:30.360><c> abstract</c><00:06:31.280><c> so</c><00:06:32.360><c> it</c><00:06:33.360><c> has</c><00:06:33.750><c> been</c>

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account abstract so it has been
 

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account abstract so it has been
discussed<00:06:34.470><c> in</c><00:06:34.740><c> the</c><00:06:35.040><c> East</c><00:06:35.220><c> one</c><00:06:35.550><c> point</c><00:06:35.820><c> acts</c><00:06:36.060><c> as</c>

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discussed in the East one point acts as
 

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discussed in the East one point acts as
well<00:06:36.540><c> that</c><00:06:37.490><c> in</c><00:06:38.490><c> the</c><00:06:39.180><c> abstract</c><00:06:39.720><c> account</c><00:06:40.670><c> model</c>

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well that in the abstract account model
 

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well that in the abstract account model
all<00:06:42.720><c> contracts</c><00:06:43.350><c> are</c><00:06:44.160><c> for</c><00:06:44.220><c> world</c><00:06:45.000><c> cultures</c><00:06:45.680><c> so</c>

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all contracts are for world cultures so
 

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all contracts are for world cultures so
there's<00:06:47.220><c> no</c><00:06:48.590><c> all</c><00:06:49.590><c> count</c><00:06:50.220><c> are</c><00:06:50.490><c> forward</c>

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there's no all count are forward
 

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there's no all count are forward
contracts<00:06:51.570><c> so</c><00:06:52.530><c> there</c><00:06:53.430><c> are</c><00:06:53.490><c> two</c><00:06:53.730><c> main</c><00:06:54.030><c> strategy</c>

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contracts so there are two main strategy
 

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contracts so there are two main strategy
why<00:06:54.990><c> is</c><00:06:55.050><c> the</c><00:06:55.560><c> after</c><00:06:56.460><c> we</c><00:06:57.420><c> only</c><00:06:58.070><c> abstract</c><00:06:59.070><c> the</c>

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why is the after we only abstract the
 

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why is the after we only abstract the
signature<00:06:59.970><c> and</c><00:07:00.180><c> another</c><00:07:00.990><c> one</c><00:07:01.200><c> is</c><00:07:01.380><c> we</c><00:07:01.590><c> do</c><00:07:01.800><c> for</c>

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signature and another one is we do for
 

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signature and another one is we do for
abstraction<00:07:03.120><c> include</c><00:07:03.780><c> the</c><00:07:03.930><c> nouns</c><00:07:04.200><c> gas</c><00:07:04.680><c> and</c>

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abstraction include the nouns gas and
 

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abstraction include the nouns gas and
payment<00:07:05.790><c> and</c><00:07:08.570><c> sorry</c>

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payment and sorry
 

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payment and sorry
and<00:07:12.650><c> with</c><00:07:13.650><c> the</c><00:07:13.860><c> guaranteed</c><00:07:14.750><c> transactions</c><00:07:15.750><c> and</c>

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and with the guaranteed transactions and
 

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and with the guaranteed transactions and
also<00:07:18.960><c> if</c><00:07:19.800><c> we</c><00:07:20.070><c> plug</c><00:07:20.370><c> into</c><00:07:20.640><c> the</c><00:07:21.000><c> east</c><00:07:21.240><c> to</c><00:07:21.450><c> e</c><00:07:21.480><c> es</c><00:07:22.070><c> we</c>

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also if we plug into the east to e es we
 

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also if we plug into the east to e es we
will<00:07:23.280><c> have</c><00:07:23.580><c> the</c><00:07:24.320><c> EE</c><00:07:25.320><c> can</c><00:07:25.770><c> have</c><00:07:26.040><c> its</c><00:07:26.310><c> own</c>

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will have the EE can have its own
 

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will have the EE can have its own
different<00:07:28.970><c> execution</c><00:07:29.970><c> environment</c><00:07:30.660><c> and</c><00:07:30.870><c> also</c>

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different execution environment and also
 

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different execution environment and also
each<00:07:32.160><c> environment</c><00:07:32.910><c> can</c><00:07:33.420><c> have</c><00:07:33.690><c> different</c>

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each environment can have different
 

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each environment can have different
account<00:07:35.970><c> abstract</c><00:07:36.500><c> model</c><00:07:37.500><c> inside</c><00:07:38.030><c> so</c><00:07:39.030><c> it's</c>

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account abstract model inside so it's
 

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account abstract model inside so it's
very<00:07:39.420><c> fixed</c><00:07:40.320><c> flexible</c><00:07:41.190><c> and</c><00:07:41.690><c> very</c><00:07:42.690><c> easy</c><00:07:43.620><c> to</c>

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very fixed flexible and very easy to
 

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very fixed flexible and very easy to
plug<00:07:44.100><c> into</c><00:07:44.430><c> the</c><00:07:45.060><c> one</c><00:07:45.240><c> to</c><00:07:45.420><c> each</c><00:07:45.570><c> other</c><00:07:49.730><c> another</c>

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plug into the one to each other another
 

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plug into the one to each other another
topic<00:07:51.210><c> I</c><00:07:51.330><c> want</c><00:07:51.540><c> to</c><00:07:51.600><c> talk</c><00:07:51.720><c> about</c><00:07:52.020><c> is</c><00:07:52.380><c> the</c><00:07:52.710><c> IP</c><00:07:53.960><c> 151</c>

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topic I want to talk about is the IP 151
 

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topic I want to talk about is the IP 151
five<00:07:55.410><c> five</c><00:07:55.800><c> nine</c><00:07:56.300><c> it's</c><00:07:57.300><c> the</c><00:07:57.480><c> free</c><00:07:57.750><c> market</c>

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five five nine it's the free market
 

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five five nine it's the free market
model<00:07:58.560><c> change</c>

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model change
 

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model change
created<00:08:00.160><c> by</c><00:08:00.190><c> italic</c><00:08:00.940><c> and</c><00:08:01.180><c> Eric</c><00:08:01.660><c> corner</c><00:08:01.990><c> and</c><00:08:02.790><c> so</c>

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created by italic and Eric corner and so
 

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created by italic and Eric corner and so
in<00:08:04.120><c> this</c><00:08:04.630><c> scheme</c><00:08:05.020><c> we</c><00:08:05.620><c> will</c><00:08:05.800><c> have</c><00:08:06.130><c> a</c><00:08:06.160><c> dynamic</c>

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in this scheme we will have a dynamic
 

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in this scheme we will have a dynamic
pest<00:08:07.780><c> free</c><00:08:08.440><c> value</c><00:08:09.430><c> and</c><00:08:09.790><c> this</c><00:08:10.389><c> value</c><00:08:10.479><c> is</c>

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pest free value and this value is
 

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pest free value and this value is
addressed<00:08:11.440><c> by</c><00:08:11.590><c> the</c><00:08:11.880><c> lights</c><00:08:12.880><c> nation</c><00:08:13.690><c> rate</c><00:08:14.229><c> so</c>

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addressed by the lights nation rate so
 

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addressed by the lights nation rate so
if<00:08:15.280><c> the</c><00:08:15.490><c> ionization</c><00:08:15.820><c> rate</c><00:08:16.330><c> is</c><00:08:16.570><c> is</c><00:08:17.440><c> over</c><00:08:17.889><c> 50</c>

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if the ionization rate is is over 50
 

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if the ionization rate is is over 50
percent<00:08:18.900><c> this</c><00:08:19.900><c> special</c><00:08:20.830><c> variable</c><00:08:21.370><c> will</c><00:08:21.580><c> be</c>

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percent this special variable will be
 

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percent this special variable will be
well<00:08:22.870><c> increase</c><00:08:23.380><c> and</c><00:08:23.800><c> if</c><00:08:24.729><c> it's</c><00:08:25.290><c> sorry</c><00:08:26.290><c> if</c><00:08:27.160><c> the</c>

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well increase and if it's sorry if the
 

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well increase and if it's sorry if the
realization<00:08:28.300><c> rate</c><00:08:28.540><c> is</c><00:08:28.720><c> under</c><00:08:29.050><c> 50</c><00:08:29.560><c> percent</c>

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realization rate is under 50 percent
 

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realization rate is under 50 percent
this<00:08:30.460><c> this</c><00:08:31.270><c> very</c><00:08:31.660><c> well</c><00:08:31.990><c> be</c><00:08:32.200><c> decrease</c><00:08:33.180><c> so</c><00:08:35.849><c> so</c>

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this this very well be decrease so so
 

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this this very well be decrease so so
since<00:08:37.120><c> its</c><00:08:37.450><c> update</c><00:08:39.150><c> automatically</c>

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since its update automatically
 

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since its update automatically
it's<00:08:41.200><c> allowed</c><00:08:41.529><c> user</c><00:08:42.490><c> doesn't</c><00:08:42.909><c> have</c><00:08:43.240><c> to</c><00:08:43.510><c> do</c>

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it's allowed user doesn't have to do
 

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it's allowed user doesn't have to do
more<00:08:44.380><c> work</c><00:08:44.680><c> unless</c><00:08:45.130><c> the</c><00:08:46.050><c> quality</c><00:08:47.050><c> service</c><00:08:47.440><c> can</c>

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more work unless the quality service can
 

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more work unless the quality service can
help<00:08:48.070><c> to</c><00:08:48.300><c> define</c><00:08:49.300><c> the</c><00:08:50.110><c> fair</c><00:08:50.589><c> free</c><00:08:51.040><c> for</c><00:08:51.339><c> users</c>

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help to define the fair free for users
 

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help to define the fair free for users
so<00:08:52.660><c> it</c><00:08:52.990><c> actually</c><00:08:54.900><c> it's</c><00:08:55.900><c> actually</c><00:08:56.100><c> make</c><00:08:57.100><c> a</c><00:08:57.430><c> lot</c>

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so it actually it's actually make a lot
 

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so it actually it's actually make a lot
of<00:08:58.210><c> you</c><00:08:58.390><c> expert</c><00:08:58.810><c> early</c><00:08:59.260><c> and</c><00:08:59.380><c> the</c><00:08:59.529><c> current</c>

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of you expert early and the current
 

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of you expert early and the current
state<00:09:00.640><c> crow</c><00:09:01.350><c> so</c><00:09:02.350><c> and</c><00:09:03.040><c> also</c><00:09:03.430><c> the</c><00:09:03.640><c> past</c><00:09:03.910><c> few</c><00:09:04.089><c> is</c>

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state crow so and also the past few is
 

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state crow so and also the past few is
always<00:09:05.290><c> bird</c><00:09:05.730><c> this</c><00:09:06.730><c> design</c><00:09:07.630><c> rationale</c><00:09:08.170><c> is</c><00:09:08.380><c> to</c>

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always bird this design rationale is to
 

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always bird this design rationale is to
prevent<00:09:09.310><c> minor</c><00:09:09.790><c> or</c><00:09:10.150><c> the</c><00:09:10.480><c> proposer</c><00:09:10.930><c> from</c>

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prevent minor or the proposer from
 

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prevent minor or the proposer from
manipulating<00:09:13.209><c> the</c><00:09:13.360><c> field</c><00:09:13.720><c> in</c><00:09:14.380><c> order</c><00:09:14.589><c> to</c>

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manipulating the field in order to
 

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manipulating the field in order to
extract<00:09:15.370><c> more</c><00:09:15.730><c> fries</c><00:09:16.000><c> from</c><00:09:16.300><c> the</c><00:09:16.450><c> user</c><00:09:16.630><c> so</c>

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extract more fries from the user so
 

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extract more fries from the user so
generally<00:09:18.550><c> it</c><00:09:18.850><c> will</c><00:09:19.209><c> be</c><00:09:19.390><c> a</c><00:09:19.420><c> more</c><00:09:20.260><c> fair</c><00:09:20.680><c> model</c>

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generally it will be a more fair model
 

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generally it will be a more fair model
Leon<00:09:21.850><c> just</c><00:09:22.029><c> a</c><00:09:22.240><c> crow</c><00:09:24.420><c> and</c><00:09:25.420><c> before</c><00:09:26.410><c> talking</c>

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Leon just a crow and before talking
 

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Leon just a crow and before talking
about<00:09:26.800><c> shaking</c><00:09:27.459><c> I</c><00:09:28.140><c> want</c><00:09:29.140><c> to</c><00:09:29.290><c> mention</c><00:09:29.770><c> the</c>

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about shaking I want to mention the
 

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about shaking I want to mention the
transparent<00:09:30.730><c> future</c><00:09:31.029><c> again</c><00:09:31.480><c> some</c><00:09:32.380><c> cosmic</c><00:09:32.740><c> G</c>

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transparent future again some cosmic G
 

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transparent future again some cosmic G
is<00:09:33.640><c> the</c><00:09:33.910><c> finality</c><00:09:34.390><c> to</c><00:09:34.540><c> off</c><00:09:35.020><c> all</c><00:09:35.370><c> finality</c>

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is the finality to off all finality
 

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is the finality to off all finality
protocol<00:09:37.240><c> folder</c><00:09:37.660><c> is</c><00:09:37.779><c> too</c><00:09:38.020><c> old</c>

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protocol folder is too old
 

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protocol folder is too old
so<00:09:39.550><c> the</c><00:09:39.760><c> validator</c><00:09:42.089><c> the</c><00:09:43.089><c> duty</c><00:09:43.839><c> of</c><00:09:43.870><c> the</c><00:09:44.140><c> editor</c>

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so the validator the duty of the editor
 

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so the validator the duty of the editor
has<00:09:44.740><c> three</c><00:09:45.010><c> step</c><00:09:45.310><c> one</c><00:09:46.000><c> is</c><00:09:46.209><c> to</c><00:09:46.480><c> make</c><00:09:47.200><c> deposit</c><00:09:47.709><c> to</c>

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has three step one is to make deposit to
 

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has three step one is to make deposit to
the<00:09:48.220><c> east</c><00:09:48.430><c> ones</c><00:09:48.640><c> deposit</c><00:09:49.420><c> country</c><00:09:49.779><c> and</c><00:09:50.050><c> the</c>

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the east ones deposit country and the
 

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the east ones deposit country and the
second<00:09:51.100><c> one</c><00:09:51.279><c> is</c><00:09:51.630><c> when</c><00:09:52.650><c> the</c><00:09:53.650><c> block</c><00:09:53.920><c> has</c><00:09:54.250><c> enough</c>

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second one is when the block has enough
 

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second one is when the block has enough
has<00:09:55.990><c> to</c><00:09:56.230><c> vote</c><00:09:56.680><c> for</c><00:09:57.130><c> the</c><00:09:58.230><c> current</c><00:09:59.230><c> epoch</c><00:09:59.860><c> the</c>

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has to vote for the current epoch the
 

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has to vote for the current epoch the
current<00:10:01.150><c> change</c><00:10:01.589><c> checkpoints</c><00:10:02.589><c> and</c><00:10:03.180><c> if</c><00:10:04.180><c> the</c>

00:10:04.470 --> 00:10:04.480 align:start position:0%
current change checkpoints and if the
 

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current change checkpoints and if the
drip<00:10:05.440><c> point</c><00:10:05.650><c> got</c><00:10:06.010><c> in</c><00:10:06.250><c> enough</c><00:10:06.730><c> votes</c><00:10:07.180><c> we</c><00:10:07.750><c> call</c>

00:10:08.010 --> 00:10:08.020 align:start position:0%
drip point got in enough votes we call
 

00:10:08.020 --> 00:10:11.870 align:start position:0%
drip point got in enough votes we call
that<00:10:08.260><c> this</c><00:10:08.850><c> checkpoint</c><00:10:09.850><c> is</c><00:10:10.150><c> justified</c><00:10:10.959><c> and</c>

00:10:11.870 --> 00:10:11.880 align:start position:0%
that this checkpoint is justified and
 

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that this checkpoint is justified and
also

00:10:13.510 --> 00:10:13.520 align:start position:0%
also
 

00:10:13.520 --> 00:10:17.410 align:start position:0%
also
if<00:10:13.610><c> the</c><00:10:14.140><c> checkpoint</c><00:10:15.140><c> is</c><00:10:15.670><c> it</c><00:10:16.730><c> if</c><00:10:17.240><c> the</c>

00:10:17.410 --> 00:10:17.420 align:start position:0%
if the checkpoint is it if the
 

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if the checkpoint is it if the
checkpoint<00:10:18.850><c> has</c><00:10:19.850><c> to</c><00:10:20.180><c> justify</c><00:10:21.040><c> descent</c><00:10:22.040><c> does</c>

00:10:22.269 --> 00:10:22.279 align:start position:0%
checkpoint has to justify descent does
 

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checkpoint has to justify descent does
we<00:10:22.970><c> call</c><00:10:23.209><c> it</c><00:10:23.330><c> this</c><00:10:23.630><c> buck</c><00:10:24.560><c> or</c><00:10:24.890><c> this</c><00:10:25.839><c> checkpoint</c>

00:10:26.829 --> 00:10:26.839 align:start position:0%
we call it this buck or this checkpoint
 

00:10:26.839 --> 00:10:31.810 align:start position:0%
we call it this buck or this checkpoint
is<00:10:27.290><c> got</c><00:10:28.029><c> finalized</c><00:10:29.649><c> so</c><00:10:30.649><c> that's</c><00:10:30.920><c> the</c><00:10:31.100><c> basic</c><00:10:31.610><c> of</c>

00:10:31.810 --> 00:10:31.820 align:start position:0%
is got finalized so that's the basic of
 

00:10:31.820 --> 00:10:39.550 align:start position:0%
is got finalized so that's the basic of
a<00:10:32.000><c> greater</c><00:10:32.209><c> duty</c><00:10:34.870><c> and</c><00:10:37.120><c> we</c><00:10:38.120><c> also</c><00:10:38.240><c> know</c><00:10:38.600><c> that</c><00:10:38.899><c> the</c>

00:10:39.550 --> 00:10:39.560 align:start position:0%
a greater duty and we also know that the
 

00:10:39.560 --> 00:10:42.790 align:start position:0%
a greater duty and we also know that the
me<00:10:40.490><c> misbehaved</c><00:10:41.330><c> very</c><00:10:41.899><c> data</c><00:10:42.080><c> never</c><00:10:42.470><c> got</c>

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me misbehaved very data never got
 

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me misbehaved very data never got
slashed<00:10:43.190><c> so</c><00:10:43.940><c> one</c><00:10:44.120><c> is</c><00:10:44.270><c> -</c><00:10:44.630><c> -</c><00:10:45.020><c> is</c><00:10:45.320><c> that</c><00:10:46.810><c> it</c><00:10:47.810><c> will</c>

00:10:48.070 --> 00:10:48.080 align:start position:0%
slashed so one is - - is that it will
 

00:10:48.080 --> 00:10:51.820 align:start position:0%
slashed so one is - - is that it will
import<00:10:48.890><c> wholly</c><00:10:49.220><c> they</c><00:10:50.209><c> were</c><00:10:50.330><c> the</c><00:10:51.290><c> top</c><00:10:51.529><c> two</c>

00:10:51.820 --> 00:10:51.830 align:start position:0%
import wholly they were the top two
 

00:10:51.830 --> 00:11:02.530 align:start position:0%
import wholly they were the top two
little<00:10:52.490><c> fellas</c><00:10:53.390><c> from</c><00:10:53.720><c> the</c><00:10:53.899><c> protocol</c><00:10:59.290><c> so</c><00:11:01.540><c> after</c>

00:11:02.530 --> 00:11:02.540 align:start position:0%
little fellas from the protocol so after
 

00:11:02.540 --> 00:11:05.290 align:start position:0%
little fellas from the protocol so after
migrating<00:11:02.959><c> the</c><00:11:03.470><c> tutor</c><00:11:04.250><c> for</c><00:11:04.490><c> prefers</c><00:11:05.060><c> tech</c>

00:11:05.290 --> 00:11:05.300 align:start position:0%
migrating the tutor for prefers tech
 

00:11:05.300 --> 00:11:07.630 align:start position:0%
migrating the tutor for prefers tech
system<00:11:05.750><c> it</c><00:11:06.200><c> will</c><00:11:06.470><c> introduce</c><00:11:06.830><c> a</c><00:11:07.190><c> new</c><00:11:07.399><c> economic</c>

00:11:07.630 --> 00:11:07.640 align:start position:0%
system it will introduce a new economic
 

00:11:07.640 --> 00:11:12.040 align:start position:0%
system it will introduce a new economic
model<00:11:08.740><c> so</c><00:11:09.740><c> :</c><00:11:10.100><c> Meijer</c><00:11:10.279><c> France</c><00:11:10.760><c> consensus</c><00:11:11.450><c> has</c>

00:11:12.040 --> 00:11:12.050 align:start position:0%
model so : Meijer France consensus has
 

00:11:12.050 --> 00:11:15.160 align:start position:0%
model so : Meijer France consensus has
been<00:11:12.110><c> working</c><00:11:12.560><c> on</c><00:11:12.770><c> this</c><00:11:13.010><c> economic</c><00:11:13.850><c> models</c><00:11:14.630><c> for</c>

00:11:15.160 --> 00:11:15.170 align:start position:0%
been working on this economic models for
 

00:11:15.170 --> 00:11:17.970 align:start position:0%
been working on this economic models for
a<00:11:15.200><c> while</c><00:11:15.410><c> and</c><00:11:15.890><c> the</c><00:11:16.550><c> model</c><00:11:16.910><c> is</c><00:11:17.060><c> based</c><00:11:17.330><c> on</c><00:11:17.570><c> the</c>

00:11:17.970 --> 00:11:17.980 align:start position:0%
a while and the model is based on the
 

00:11:17.980 --> 00:11:22.120 align:start position:0%
a while and the model is based on the
current<00:11:18.980><c> forints</c><00:11:19.610><c> faith</c><00:11:20.270><c> I</c><00:11:20.890><c> encourage</c><00:11:21.890><c> people</c>

00:11:22.120 --> 00:11:22.130 align:start position:0%
current forints faith I encourage people
 

00:11:22.130 --> 00:11:25.480 align:start position:0%
current forints faith I encourage people
especially<00:11:22.970><c> that</c><00:11:23.750><c> Aramis</c><00:11:24.350><c> to</c><00:11:24.920><c> take</c><00:11:25.220><c> a</c><00:11:25.250><c> look</c>

00:11:25.480 --> 00:11:25.490 align:start position:0%
especially that Aramis to take a look
 

00:11:25.490 --> 00:11:28.750 align:start position:0%
especially that Aramis to take a look
he's<00:11:26.060><c> a</c><00:11:26.360><c> work</c><00:11:26.660><c> and</c><00:11:27.020><c> if</c><00:11:27.529><c> to</c><00:11:27.649><c> get</c><00:11:27.860><c> feedback</c><00:11:28.160><c> for</c>

00:11:28.750 --> 00:11:28.760 align:start position:0%
he's a work and if to get feedback for
 

00:11:28.760 --> 00:11:32.680 align:start position:0%
he's a work and if to get feedback for
the<00:11:28.910><c> economic</c><00:11:29.360><c> side</c><00:11:30.250><c> so</c><00:11:31.250><c> similar</c><00:11:31.610><c> to</c><00:11:31.970><c> the</c><00:11:32.270><c> my</c>

00:11:32.680 --> 00:11:32.690 align:start position:0%
the economic side so similar to the my
 

00:11:32.690 --> 00:11:35.650 align:start position:0%
the economic side so similar to the my
poor<00:11:33.470><c> we</c><00:11:34.220><c> can</c><00:11:34.430><c> expand</c><00:11:34.940><c> that</c><00:11:34.970><c> their</c><00:11:35.300><c> work</c><00:11:35.480><c> is</c>

00:11:35.650 --> 00:11:35.660 align:start position:0%
poor we can expand that their work is
 

00:11:35.660 --> 00:11:39.130 align:start position:0%
poor we can expand that their work is
taking<00:11:36.110><c> poor</c><00:11:36.410><c> in</c><00:11:36.800><c> a</c><00:11:36.950><c> few</c><00:11:37.160><c> near</c><00:11:37.370><c> future</c><00:11:37.670><c> and</c><00:11:38.360><c> if</c>

00:11:39.130 --> 00:11:39.140 align:start position:0%
taking poor in a few near future and if
 

00:11:39.140 --> 00:11:41.440 align:start position:0%
taking poor in a few near future and if
the<00:11:39.410><c> military</c><00:11:39.950><c> are</c><00:11:40.130><c> not</c><00:11:40.190><c> alive</c><00:11:40.910><c> for</c><00:11:41.180><c> a</c><00:11:41.209><c> while</c>

00:11:41.440 --> 00:11:41.450 align:start position:0%
the military are not alive for a while
 

00:11:41.450 --> 00:11:46.660 align:start position:0%
the military are not alive for a while
and<00:11:41.810><c> they</c><00:11:42.770><c> can't</c><00:11:43.070><c> finalize</c><00:11:43.760><c> any</c><00:11:44.380><c> choice</c><00:11:45.670><c> so</c>

00:11:46.660 --> 00:11:46.670 align:start position:0%
and they can't finalize any choice so
 

00:11:46.670 --> 00:11:50.290 align:start position:0%
and they can't finalize any choice so
they<00:11:47.000><c> will</c><00:11:47.209><c> be</c><00:11:47.450><c> penalized</c><00:11:47.990><c> as</c><00:11:48.470><c> well</c><00:11:48.709><c> so</c><00:11:49.459><c> based</c>

00:11:50.290 --> 00:11:50.300 align:start position:0%
they will be penalized as well so based
 

00:11:50.300 --> 00:11:52.829 align:start position:0%
they will be penalized as well so based
on<00:11:50.450><c> that</c><00:11:50.510><c> it's</c><00:11:50.990><c> very</c><00:11:51.200><c> important</c><00:11:51.890><c> to</c><00:11:52.220><c> have</c><00:11:52.459><c> a</c>

00:11:52.829 --> 00:11:52.839 align:start position:0%
on that it's very important to have a
 

00:11:52.839 --> 00:11:56.199 align:start position:0%
on that it's very important to have a
stable<00:11:53.860><c> networking</c><00:11:54.860><c> environments</c><00:11:55.520><c> for</c><00:11:56.000><c> the</c>

00:11:56.199 --> 00:11:56.209 align:start position:0%
stable networking environments for the
 

00:11:56.209 --> 00:12:02.680 align:start position:0%
stable networking environments for the
proof<00:11:56.420><c> of</c><00:11:56.600><c> stake</c><00:11:57.459><c> very</c><00:11:58.459><c> leaders</c><00:12:01.180><c> and</c><00:12:02.180><c> the</c><00:12:02.390><c> next</c>

00:12:02.680 --> 00:12:02.690 align:start position:0%
proof of stake very leaders and the next
 

00:12:02.690 --> 00:12:06.510 align:start position:0%
proof of stake very leaders and the next
topic<00:12:02.930><c> is</c><00:12:03.200><c> about</c><00:12:03.350><c> the</c><00:12:03.740><c> network</c><00:12:04.130><c> latency</c><00:12:05.140><c> so</c>

00:12:06.510 --> 00:12:06.520 align:start position:0%
topic is about the network latency so
 

00:12:06.520 --> 00:12:11.500 align:start position:0%
topic is about the network latency so
this<00:12:07.520><c> message</c><00:12:08.060><c> are</c><00:12:08.300><c> the</c><00:12:08.600><c> most</c><00:12:10.240><c> overhead</c><00:12:11.240><c> of</c>

00:12:11.500 --> 00:12:11.510 align:start position:0%
this message are the most overhead of
 

00:12:11.510 --> 00:12:14.650 align:start position:0%
this message are the most overhead of
the<00:12:12.110><c> chatting</c><00:12:12.740><c> network</c><00:12:13.300><c> including</c><00:12:14.300><c> the</c>

00:12:14.650 --> 00:12:14.660 align:start position:0%
the chatting network including the
 

00:12:14.660 --> 00:12:17.430 align:start position:0%
the chatting network including the
attestations<00:12:15.350><c> which</c><00:12:16.100><c> is</c><00:12:16.279><c> the</c><00:12:16.610><c> vote</c><00:12:16.910><c> of</c><00:12:17.209><c> the</c>

00:12:17.430 --> 00:12:17.440 align:start position:0%
attestations which is the vote of the
 

00:12:17.440 --> 00:12:20.560 align:start position:0%
attestations which is the vote of the
between<00:12:18.440><c> the</c><00:12:18.589><c> country</c><00:12:19.130><c> and</c><00:12:19.370><c> the</c><00:12:19.910><c> shotshells</c>

00:12:20.560 --> 00:12:20.570 align:start position:0%
between the country and the shotshells
 

00:12:20.570 --> 00:12:25.180 align:start position:0%
between the country and the shotshells
and<00:12:21.820><c> the</c><00:12:22.820><c> second</c><00:12:23.089><c> one</c><00:12:23.209><c> is</c><00:12:23.390><c> the</c><00:12:24.190><c> translations</c>

00:12:25.180 --> 00:12:25.190 align:start position:0%
and the second one is the translations
 

00:12:25.190 --> 00:12:25.800 align:start position:0%
and the second one is the translations
so

00:12:25.800 --> 00:12:25.810 align:start position:0%
so
 

00:12:25.810 --> 00:12:28.080 align:start position:0%
so
translations<00:12:26.410><c> only</c><00:12:26.800><c> in</c><00:12:27.400><c> the</c><00:12:27.730><c> shouting</c>

00:12:28.080 --> 00:12:28.090 align:start position:0%
translations only in the shouting
 

00:12:28.090 --> 00:12:31.590 align:start position:0%
translations only in the shouting
Network<00:12:28.450><c> and</c><00:12:29.340><c> also</c><00:12:30.340><c> there</c><00:12:30.610><c> are</c><00:12:30.640><c> blogs</c><00:12:31.150><c> are</c>

00:12:31.590 --> 00:12:31.600 align:start position:0%
Network and also there are blogs are
 

00:12:31.600 --> 00:12:34.019 align:start position:0%
Network and also there are blogs are
including<00:12:32.140><c> the</c><00:12:32.320><c> beacon</c><00:12:32.650><c> block</c><00:12:32.860><c> of</c><00:12:33.190><c> their</c><00:12:33.730><c> and</c>

00:12:34.019 --> 00:12:34.029 align:start position:0%
including the beacon block of their and
 

00:12:34.029 --> 00:12:40.620 align:start position:0%
including the beacon block of their and
also<00:12:34.270><c> the</c><00:12:34.570><c> shot</c><00:12:34.779><c> blocks</c><00:12:37.650><c> so</c><00:12:38.650><c> um</c><00:12:38.950><c> and</c><00:12:39.550><c> we</c><00:12:40.450><c> have</c>

00:12:40.620 --> 00:12:40.630 align:start position:0%
also the shot blocks so um and we have
 

00:12:40.630 --> 00:12:44.730 align:start position:0%
also the shot blocks so um and we have
costing<00:12:41.430><c> so</c><00:12:42.430><c> the</c><00:12:42.640><c> shot</c><00:12:42.880><c> block</c><00:12:43.150><c> will</c><00:12:43.600><c> point</c><00:12:44.410><c> to</c>

00:12:44.730 --> 00:12:44.740 align:start position:0%
costing so the shot block will point to
 

00:12:44.740 --> 00:12:46.980 align:start position:0%
costing so the shot block will point to
the<00:12:44.950><c> beacon</c><00:12:45.339><c> block</c><00:12:45.580><c> and</c><00:12:46.180><c> the</c><00:12:46.360><c> beacon</c><00:12:46.600><c> park</c>

00:12:46.980 --> 00:12:46.990 align:start position:0%
the beacon block and the beacon park
 

00:12:46.990 --> 00:12:50.340 align:start position:0%
the beacon block and the beacon park
would<00:12:47.710><c> refer</c><00:12:48.490><c> to</c><00:12:48.520><c> the</c><00:12:49.060><c> shot</c><00:12:49.300><c> block</c><00:12:49.510><c> sometimes</c>

00:12:50.340 --> 00:12:50.350 align:start position:0%
would refer to the shot block sometimes
 

00:12:50.350 --> 00:12:53.250 align:start position:0%
would refer to the shot block sometimes
that's<00:12:51.190><c> called</c><00:12:51.430><c> a</c><00:12:51.670><c> cross</c><00:12:51.910><c> link</c><00:12:52.180><c> so</c><00:12:53.170><c> the</c>

00:12:53.250 --> 00:12:53.260 align:start position:0%
that's called a cross link so the
 

00:12:53.260 --> 00:12:56.040 align:start position:0%
that's called a cross link so the
crossing<00:12:53.680><c> is</c><00:12:54.279><c> included</c><00:12:55.240><c> in</c><00:12:55.450><c> the</c><00:12:55.690><c> attestation</c>

00:12:56.040 --> 00:12:56.050 align:start position:0%
crossing is included in the attestation
 

00:12:56.050 --> 00:13:00.000 align:start position:0%
crossing is included in the attestation
data<00:12:56.790><c> per</c><00:12:57.790><c> shot</c><00:12:58.060><c> shell</c><00:12:58.360><c> and</c><00:12:58.710><c> then</c><00:12:59.710><c> God</c>

00:13:00.000 --> 00:13:00.010 align:start position:0%
data per shot shell and then God
 

00:13:00.010 --> 00:13:03.780 align:start position:0%
data per shot shell and then God
included<00:13:00.610><c> in</c><00:13:00.820><c> the</c><00:13:01.029><c> prod</c><00:13:01.270><c> in</c><00:13:01.810><c> the</c><00:13:01.960><c> attention</c><00:13:02.790><c> so</c>

00:13:03.780 --> 00:13:03.790 align:start position:0%
included in the prod in the attention so
 

00:13:03.790 --> 00:13:04.940 align:start position:0%
included in the prod in the attention so
also<00:13:03.970><c> the</c><00:13:04.330><c> Shadrin</c>

00:13:04.940 --> 00:13:04.950 align:start position:0%
also the Shadrin
 

00:13:04.950 --> 00:13:08.880 align:start position:0%
also the Shadrin
has<00:13:05.950><c> its</c><00:13:06.250><c> own</c><00:13:06.490><c> subnet</c><00:13:07.089><c> this</c><00:13:07.990><c> very</c><00:13:08.200><c> clear</c>

00:13:08.880 --> 00:13:08.890 align:start position:0%
has its own subnet this very clear
 

00:13:08.890 --> 00:13:11.280 align:start position:0%
has its own subnet this very clear
but<00:13:09.160><c> sometimes</c><00:13:09.670><c> the</c><00:13:09.910><c> cross</c><00:13:10.300><c> shot</c><00:13:10.600><c> and</c><00:13:11.050><c> they're</c>

00:13:11.280 --> 00:13:11.290 align:start position:0%
but sometimes the cross shot and they're
 

00:13:11.290 --> 00:13:18.110 align:start position:0%
but sometimes the cross shot and they're
working<00:13:11.790><c> communication</c><00:13:12.790><c> is</c><00:13:12.970><c> frequent</c><00:13:16.560><c> so</c>

00:13:18.110 --> 00:13:18.120 align:start position:0%
working communication is frequent so
 

00:13:18.120 --> 00:13:23.010 align:start position:0%
working communication is frequent so
with<00:13:19.120><c> the</c><00:13:19.390><c> latest</c><00:13:19.870><c> is</c><00:13:20.380><c> to</c><00:13:20.620><c> speak</c><00:13:20.920><c> we</c><00:13:21.910><c> have</c><00:13:22.020><c> four</c>

00:13:23.010 --> 00:13:23.020 align:start position:0%
with the latest is to speak we have four
 

00:13:23.020 --> 00:13:26.340 align:start position:0%
with the latest is to speak we have four
million<00:13:23.290><c> validators</c><00:13:24.270><c> 64</c><00:13:25.270><c> start</c><00:13:25.660><c> first</c><00:13:25.990><c> epoch</c>

00:13:26.340 --> 00:13:26.350 align:start position:0%
million validators 64 start first epoch
 

00:13:26.350 --> 00:13:31.500 align:start position:0%
million validators 64 start first epoch
and<00:13:26.650><c> six</c><00:13:27.960><c> seconds</c><00:13:28.960><c> become</c><00:13:29.440><c> black</c><00:13:29.680><c> time</c><00:13:29.980><c> and</c><00:13:30.510><c> we</c>

00:13:31.500 --> 00:13:31.510 align:start position:0%
and six seconds become black time and we
 

00:13:31.510 --> 00:13:35.990 align:start position:0%
and six seconds become black time and we
will<00:13:31.720><c> lead</c><00:13:31.960><c> to</c><00:13:32.290><c> sixty</c><00:13:33.220><c> four</c><00:13:33.870><c> thousand</c>

00:13:35.990 --> 00:13:36.000 align:start position:0%
will lead to sixty four thousand
 

00:13:36.000 --> 00:13:39.350 align:start position:0%
will lead to sixty four thousand
individual<00:13:37.000><c> signature</c><00:13:37.839><c> on</c><00:13:38.170><c> the</c><00:13:38.830><c> big</c><00:13:39.010><c> tension</c>

00:13:39.350 --> 00:13:39.360 align:start position:0%
individual signature on the big tension
 

00:13:39.360 --> 00:13:43.020 align:start position:0%
individual signature on the big tension
but<00:13:40.360><c> the</c><00:13:40.510><c> news</c><00:13:40.720><c> is</c><00:13:40.990><c> that</c><00:13:41.260><c> list</c><00:13:42.030><c> individual</c>

00:13:43.020 --> 00:13:43.030 align:start position:0%
but the news is that list individual
 

00:13:43.030 --> 00:13:45.540 align:start position:0%
but the news is that list individual
signature<00:13:43.540><c> can</c><00:13:43.839><c> be</c><00:13:43.870><c> aggregate</c><00:13:44.530><c> into</c><00:13:45.040><c> the</c>

00:13:45.540 --> 00:13:45.550 align:start position:0%
signature can be aggregate into the
 

00:13:45.550 --> 00:13:52.910 align:start position:0%
signature can be aggregate into the
smaller<00:13:46.500><c> message</c><00:13:50.430><c> in</c><00:13:51.480><c> in</c><00:13:52.480><c> the</c><00:13:52.600><c> shining</c>

00:13:52.910 --> 00:13:52.920 align:start position:0%
smaller message in in the shining
 

00:13:52.920 --> 00:13:57.930 align:start position:0%
smaller message in in the shining
Network<00:13:53.920><c> side</c><00:13:54.270><c> we</c><00:13:55.270><c> have</c><00:13:55.450><c> 64</c><00:13:56.290><c> kilobytes</c><00:13:56.940><c> block</c>

00:13:57.930 --> 00:13:57.940 align:start position:0%
Network side we have 64 kilobytes block
 

00:13:57.940 --> 00:14:02.490 align:start position:0%
Network side we have 64 kilobytes block
data<00:13:58.450><c> cap</c><00:13:58.960><c> capacity</c><00:13:59.440><c> and</c><00:14:00.750><c> three</c><00:14:01.750><c> seconds</c><00:14:02.200><c> shot</c>

00:14:02.490 --> 00:14:02.500 align:start position:0%
data cap capacity and three seconds shot
 

00:14:02.500 --> 00:14:05.150 align:start position:0%
data cap capacity and three seconds shot
blocked<00:14:02.770><c> start</c><00:14:03.400><c> time</c><00:14:03.670><c> and</c><00:14:03.970><c> it</c><00:14:04.750><c> were</c>

00:14:05.150 --> 00:14:05.160 align:start position:0%
blocked start time and it were
 

00:14:05.160 --> 00:14:08.640 align:start position:0%
blocked start time and it were
internally<00:14:06.160><c> to</c><00:14:06.490><c> about</c><00:14:07.120><c> like</c><00:14:07.480><c> 21</c><00:14:07.930><c> kilobytes</c>

00:14:08.640 --> 00:14:08.650 align:start position:0%
internally to about like 21 kilobytes
 

00:14:08.650 --> 00:14:15.449 align:start position:0%
internally to about like 21 kilobytes
per<00:14:09.120><c> seconds</c><00:14:10.440><c> in</c><00:14:11.440><c> per</c><00:14:11.950><c> shot</c><00:14:14.070><c> so</c><00:14:15.070><c> that's</c><00:14:15.280><c> the</c>

00:14:15.449 --> 00:14:15.459 align:start position:0%
per seconds in per shot so that's the
 

00:14:15.459 --> 00:14:19.560 align:start position:0%
per seconds in per shot so that's the
overhead<00:14:16.000><c> here</c><00:14:16.830><c> and</c><00:14:17.940><c> about</c><00:14:18.940><c> the</c><00:14:19.089><c> networking</c>

00:14:19.560 --> 00:14:19.570 align:start position:0%
overhead here and about the networking
 

00:14:19.570 --> 00:14:24.480 align:start position:0%
overhead here and about the networking
layers<00:14:20.350><c> well</c><00:14:21.339><c> it's</c><00:14:21.550><c> -</c><00:14:21.760><c> oh</c><00:14:22.209><c> I</c><00:14:22.630><c> used</c><00:14:23.230><c> the</c><00:14:23.980><c> p2p</c><00:14:24.310><c> a</c>

00:14:24.480 --> 00:14:24.490 align:start position:0%
layers well it's - oh I used the p2p a
 

00:14:24.490 --> 00:14:28.350 align:start position:0%
layers well it's - oh I used the p2p a
stone-faced<00:14:25.470><c> networking</c><00:14:26.470><c> protocol</c><00:14:26.940><c> so</c><00:14:27.940><c> under</c>

00:14:28.350 --> 00:14:28.360 align:start position:0%
stone-faced networking protocol so under
 

00:14:28.360 --> 00:14:34.199 align:start position:0%
stone-faced networking protocol so under
the<00:14:29.700><c> under</c><00:14:30.700><c> the</c><00:14:31.980><c> networking</c><00:14:32.980><c> there</c><00:14:33.160><c> it's</c><00:14:33.910><c> the</c>

00:14:34.199 --> 00:14:34.209 align:start position:0%
the under the networking there it's the
 

00:14:34.209 --> 00:14:38.670 align:start position:0%
the under the networking there it's the
pure<00:14:34.740><c> connection</c><00:14:36.150><c> so</c><00:14:37.150><c> the</c><00:14:37.390><c> Pieta</c><00:14:37.720><c> nation</c><00:14:38.080><c> it</c>

00:14:38.670 --> 00:14:38.680 align:start position:0%
pure connection so the Pieta nation it
 

00:14:38.680 --> 00:14:39.960 align:start position:0%
pure connection so the Pieta nation it
depends<00:14:39.220><c> on</c><00:14:39.310><c> the</c><00:14:39.580><c> pier</c>

00:14:39.960 --> 00:14:39.970 align:start position:0%
depends on the pier
 

00:14:39.970 --> 00:14:41.659 align:start position:0%
depends on the pier
discovery<00:14:40.449><c> protocol</c><00:14:40.869><c> which</c><00:14:41.079><c> you</c><00:14:41.259><c> are</c><00:14:41.379><c> using</c>

00:14:41.659 --> 00:14:41.669 align:start position:0%
discovery protocol which you are using
 

00:14:41.669 --> 00:14:49.649 align:start position:0%
discovery protocol which you are using
and<00:14:43.499><c> the</c><00:14:44.499><c> true</c><00:14:45.309><c> business</c><00:14:45.899><c> logic</c><00:14:46.899><c> is</c><00:14:47.349><c> it</c><00:14:47.829><c> is</c><00:14:48.659><c> the</c>

00:14:49.649 --> 00:14:49.659 align:start position:0%
and the true business logic is it is the
 

00:14:49.659 --> 00:14:53.249 align:start position:0%
and the true business logic is it is the
message<00:14:50.019><c> is</c><00:14:50.499><c> forecasting</c><00:14:51.489><c> with</c><00:14:52.029><c> the</c><00:14:52.299><c> sub</c><00:14:52.689><c> the</c>

00:14:53.249 --> 00:14:53.259 align:start position:0%
message is forecasting with the sub the
 

00:14:53.259 --> 00:14:58.619 align:start position:0%
message is forecasting with the sub the
publish<00:14:53.799><c> and</c><00:14:54.159><c> sub</c><00:14:54.809><c> subscribe</c><00:14:55.809><c> system</c><00:14:57.029><c> so</c><00:14:58.029><c> we</c>

00:14:58.619 --> 00:14:58.629 align:start position:0%
publish and sub subscribe system so we
 

00:14:58.629 --> 00:15:01.710 align:start position:0%
publish and sub subscribe system so we
use<00:14:58.779><c> the</c><00:14:59.019><c> gossip</c><00:14:59.379><c> star</c><00:14:59.619><c> protocol</c><00:15:00.099><c> to</c><00:15:00.720><c> support</c>

00:15:01.710 --> 00:15:01.720 align:start position:0%
use the gossip star protocol to support
 

00:15:01.720 --> 00:15:04.889 align:start position:0%
use the gossip star protocol to support
has<00:15:01.929><c> the</c><00:15:02.399><c> sub</c><00:15:03.399><c> Nate</c><00:15:03.609><c> messages</c><00:15:04.419><c> inside</c>

00:15:04.889 --> 00:15:04.899 align:start position:0%
has the sub Nate messages inside
 

00:15:04.899 --> 00:15:10.229 align:start position:0%
has the sub Nate messages inside
xiaochun's<00:15:07.379><c> so</c><00:15:08.379><c> yeah</c><00:15:08.679><c> but</c><00:15:09.009><c> imaging</c><00:15:09.699><c> that</c><00:15:09.879><c> if</c>

00:15:10.229 --> 00:15:10.239 align:start position:0%
xiaochun's so yeah but imaging that if
 

00:15:10.239 --> 00:15:13.879 align:start position:0%
xiaochun's so yeah but imaging that if
we<00:15:10.449><c> have</c><00:15:10.629><c> like</c><00:15:11.459><c> 1000</c><00:15:12.459><c> sorry</c>

00:15:13.879 --> 00:15:13.889 align:start position:0%
we have like 1000 sorry
 

00:15:13.889 --> 00:15:19.499 align:start position:0%
we have like 1000 sorry
tens<00:15:16.079><c> 1064</c><00:15:17.249><c> chakras</c><00:15:18.249><c> and</c><00:15:18.519><c> about</c><00:15:18.909><c> 4</c><00:15:19.239><c> million</c>

00:15:19.499 --> 00:15:19.509 align:start position:0%
tens 1064 chakras and about 4 million
 

00:15:19.509 --> 00:15:24.389 align:start position:0%
tens 1064 chakras and about 4 million
spectators<00:15:19.959><c> it</c><00:15:20.739><c> won't</c><00:15:20.949><c> be</c><00:15:21.129><c> very</c><00:15:21.339><c> large</c><00:15:23.399><c> and</c>

00:15:24.389 --> 00:15:24.399 align:start position:0%
spectators it won't be very large and
 

00:15:24.399 --> 00:15:26.849 align:start position:0%
spectators it won't be very large and
also<00:15:24.759><c> we</c><00:15:25.449><c> have</c><00:15:25.749><c> to</c><00:15:25.959><c> think</c><00:15:25.989><c> about</c><00:15:26.289><c> the</c>

00:15:26.849 --> 00:15:26.859 align:start position:0%
also we have to think about the
 

00:15:26.859 --> 00:15:30.569 align:start position:0%
also we have to think about the
peer-to-peer<00:15:27.479><c> network</c><00:15:28.479><c> topologies</c><00:15:29.349><c> so</c><00:15:30.309><c> there</c>

00:15:30.569 --> 00:15:30.579 align:start position:0%
peer-to-peer network topologies so there
 

00:15:30.579 --> 00:15:33.389 align:start position:0%
peer-to-peer network topologies so there
are<00:15:30.759><c> three</c><00:15:30.970><c> possible</c><00:15:31.509><c> cases</c><00:15:32.109><c> which</c><00:15:32.949><c> is</c><00:15:33.099><c> the</c>

00:15:33.389 --> 00:15:33.399 align:start position:0%
are three possible cases which is the
 

00:15:33.399 --> 00:15:36.899 align:start position:0%
are three possible cases which is the
structured<00:15:35.039><c> apologist</c><00:15:36.039><c> and</c><00:15:36.189><c> also</c><00:15:36.759><c> the</c>

00:15:36.899 --> 00:15:36.909 align:start position:0%
structured apologist and also the
 

00:15:36.909 --> 00:15:40.829 align:start position:0%
structured apologist and also the
unstructured<00:15:37.589><c> apologist</c><00:15:38.589><c> and</c><00:15:38.789><c> that</c><00:15:39.839><c> includes</c>

00:15:40.829 --> 00:15:40.839 align:start position:0%
unstructured apologist and that includes
 

00:15:40.839 --> 00:15:45.029 align:start position:0%
unstructured apologist and that includes
flooding<00:15:41.709><c> gossip</c><00:15:43.169><c> epidemic</c><00:15:44.169><c> and</c><00:15:44.409><c> random</c><00:15:44.829><c> work</c>

00:15:45.029 --> 00:15:45.039 align:start position:0%
flooding gossip epidemic and random work
 

00:15:45.039 --> 00:15:47.939 align:start position:0%
flooding gossip epidemic and random work
so<00:15:45.669><c> the</c><00:15:45.849><c> gossip</c><00:15:46.269><c> is</c><00:15:46.899><c> included</c><00:15:47.529><c> in</c><00:15:47.739><c> this</c>

00:15:47.939 --> 00:15:47.949 align:start position:0%
so the gossip is included in this
 

00:15:47.949 --> 00:15:51.029 align:start position:0%
so the gossip is included in this
category<00:15:48.299><c> and</c><00:15:49.299><c> also</c><00:15:49.779><c> it's</c><00:15:50.109><c> possible</c><00:15:50.259><c> to</c><00:15:50.709><c> help</c>

00:15:51.029 --> 00:15:51.039 align:start position:0%
category and also it's possible to help
 

00:15:51.039 --> 00:15:54.499 align:start position:0%
category and also it's possible to help
to<00:15:51.399><c> combine</c><00:15:52.389><c> a</c><00:15:52.419><c> structured</c><00:15:53.109><c> and</c><00:15:53.379><c> unstructured</c>

00:15:54.499 --> 00:15:54.509 align:start position:0%
to combine a structured and unstructured
 

00:15:54.509 --> 00:16:00.719 align:start position:0%
to combine a structured and unstructured
ecology<00:15:55.509><c> into</c><00:15:55.929><c> the</c><00:15:56.109><c> hybrid</c><00:15:56.559><c> model</c><00:15:59.039><c> so</c><00:16:00.039><c> this</c><00:16:00.549><c> is</c>

00:16:00.719 --> 00:16:00.729 align:start position:0%
ecology into the hybrid model so this is
 

00:16:00.729 --> 00:16:03.629 align:start position:0%
ecology into the hybrid model so this is
an<00:16:00.939><c> example</c><00:16:01.419><c> of</c><00:16:01.629><c> how</c><00:16:02.470><c> can</c><00:16:02.709><c> we</c><00:16:02.889><c> implement</c><00:16:03.309><c> it</c>

00:16:03.629 --> 00:16:03.639 align:start position:0%
an example of how can we implement it
 

00:16:03.639 --> 00:16:10.529 align:start position:0%
an example of how can we implement it
simply<00:16:04.389><c> so</c><00:16:06.539><c> in</c><00:16:07.539><c> this</c><00:16:07.720><c> simple</c><00:16:08.589><c> model</c><00:16:09.239><c> the</c><00:16:10.239><c> very</c>

00:16:10.529 --> 00:16:10.539 align:start position:0%
simply so in this simple model the very
 

00:16:10.539 --> 00:16:15.149 align:start position:0%
simply so in this simple model the very
latest<00:16:10.689><c> are</c><00:16:12.179><c> they</c><00:16:13.179><c> can</c><00:16:13.499><c> work</c><00:16:14.499><c> as</c><00:16:14.679><c> a</c><00:16:14.709><c> message</c>

00:16:15.149 --> 00:16:15.159 align:start position:0%
latest are they can work as a message
 

00:16:15.159 --> 00:16:18.059 align:start position:0%
latest are they can work as a message
inside<00:16:15.399><c> a</c><00:16:15.639><c> shy</c><00:16:15.879><c> by</c><00:16:16.209><c> using</c><00:16:16.479><c> the</c><00:16:16.929><c> castle</c><00:16:17.409><c> sub</c><00:16:17.619><c> for</c>

00:16:18.059 --> 00:16:18.069 align:start position:0%
inside a shy by using the castle sub for
 

00:16:18.069 --> 00:16:21.539 align:start position:0%
inside a shy by using the castle sub for
a<00:16:18.099><c> comb</c><00:16:18.309><c> and</c><00:16:18.629><c> only</c><00:16:19.629><c> the</c><00:16:19.899><c> proposal</c><00:16:20.799><c> of</c><00:16:20.949><c> the</c><00:16:21.069><c> even</c>

00:16:21.539 --> 00:16:21.549 align:start position:0%
a comb and only the proposal of the even
 

00:16:21.549 --> 00:16:26.539 align:start position:0%
a comb and only the proposal of the even
slot<00:16:22.079><c> of</c><00:16:23.079><c> the</c><00:16:23.349><c> given</c><00:16:24.089><c> shot</c><00:16:25.089><c> well</c><00:16:25.479><c> they</c><00:16:25.959><c> only</c>

00:16:26.539 --> 00:16:26.549 align:start position:0%
slot of the given shot well they only
 

00:16:26.549 --> 00:16:30.149 align:start position:0%
slot of the given shot well they only
had<00:16:27.549><c> the</c><00:16:27.579><c> only</c><00:16:27.849><c> one</c><00:16:28.029><c> who</c><00:16:28.299><c> had</c><00:16:28.599><c> to</c><00:16:28.869><c> collect</c><00:16:29.859><c> all</c>

00:16:30.149 --> 00:16:30.159 align:start position:0%
had the only one who had to collect all
 

00:16:30.159 --> 00:16:33.179 align:start position:0%
had the only one who had to collect all
those<00:16:30.339><c> signatures</c><00:16:30.759><c> for</c><00:16:31.329><c> the</c><00:16:31.479><c> given</c><00:16:31.779><c> start</c><00:16:32.199><c> so</c>

00:16:33.179 --> 00:16:33.189 align:start position:0%
those signatures for the given start so
 

00:16:33.189 --> 00:16:39.149 align:start position:0%
those signatures for the given start so
for<00:16:33.549><c> the</c><00:16:33.699><c> given</c><00:16:34.059><c> shot</c><00:16:34.569><c> so</c><00:16:35.529><c> the</c><00:16:37.619><c> overhead</c><00:16:38.619><c> only</c>

00:16:39.149 --> 00:16:39.159 align:start position:0%
for the given shot so the overhead only
 

00:16:39.159 --> 00:16:44.659 align:start position:0%
for the given shot so the overhead only
inside<00:16:40.259><c> Sundays</c><00:16:41.259><c> and</c><00:16:42.479><c> only</c><00:16:43.479><c> the</c><00:16:43.539><c> where</c><00:16:44.379><c> data</c>

00:16:44.659 --> 00:16:44.669 align:start position:0%
inside Sundays and only the where data
 

00:16:44.669 --> 00:16:47.699 align:start position:0%
inside Sundays and only the where data
only<00:16:45.669><c> the</c><00:16:45.879><c> proposals</c><00:16:46.419><c> have</c><00:16:46.659><c> to</c><00:16:46.899><c> exchange</c><00:16:47.169><c> the</c>

00:16:47.699 --> 00:16:47.709 align:start position:0%
only the proposals have to exchange the
 

00:16:47.709 --> 00:16:51.449 align:start position:0%
only the proposals have to exchange the
aggregated<00:16:48.539><c> signatures</c><00:16:49.539><c> when</c><00:16:50.470><c> a</c><00:16:50.739><c> single</c><00:16:51.339><c> one</c>

00:16:51.449 --> 00:16:51.459 align:start position:0%
aggregated signatures when a single one
 

00:16:51.459 --> 00:16:52.890 align:start position:0%
aggregated signatures when a single one
has<00:16:51.699><c> to</c>

00:16:52.890 --> 00:16:52.900 align:start position:0%
has to
 

00:16:52.900 --> 00:16:55.440 align:start position:0%
has to
councillor<00:16:53.440><c> issues</c><00:16:53.800><c> in</c><00:16:54.220><c> losing</c><00:16:54.640><c> the</c><00:16:54.820><c> data</c>

00:16:55.440 --> 00:16:55.450 align:start position:0%
councillor issues in losing the data
 

00:16:55.450 --> 00:16:58.890 align:start position:0%
councillor issues in losing the data
privacy<00:16:55.990><c> and</c><00:16:56.640><c> other</c><00:16:57.640><c> nodes</c><00:16:58.029><c> can</c><00:16:58.360><c> need</c><00:16:58.660><c> to</c>

00:16:58.890 --> 00:16:58.900 align:start position:0%
privacy and other nodes can need to
 

00:16:58.900 --> 00:17:03.120 align:start position:0%
privacy and other nodes can need to
trust<00:16:59.410><c> the</c><00:17:00.070><c> list</c><00:17:00.640><c> proposals</c><00:17:01.360><c> and</c><00:17:01.770><c> if</c><00:17:02.770><c> the</c>

00:17:03.120 --> 00:17:03.130 align:start position:0%
trust the list proposals and if the
 

00:17:03.130 --> 00:17:06.449 align:start position:0%
trust the list proposals and if the
promoter<00:17:03.640><c> doesn't</c><00:17:04.120><c> do</c><00:17:04.660><c> their</c><00:17:04.870><c> work</c><00:17:05.800><c> well</c><00:17:06.040><c> then</c>

00:17:06.449 --> 00:17:06.459 align:start position:0%
promoter doesn't do their work well then
 

00:17:06.459 --> 00:17:09.120 align:start position:0%
promoter doesn't do their work well then
the<00:17:06.939><c> other</c><00:17:07.030><c> the</c><00:17:07.390><c> rest</c><00:17:07.569><c> of</c><00:17:07.780><c> the</c><00:17:08.020><c> radiators</c><00:17:08.920><c> will</c>

00:17:09.120 --> 00:17:09.130 align:start position:0%
the other the rest of the radiators will
 

00:17:09.130 --> 00:17:15.590 align:start position:0%
the other the rest of the radiators will
lose<00:17:09.370><c> the</c><00:17:10.230><c> reward</c><00:17:11.230><c> from</c><00:17:11.470><c> it</c><00:17:11.640><c> so</c><00:17:12.640><c> it's</c><00:17:12.880><c> too</c><00:17:13.270><c> easy</c>

00:17:15.590 --> 00:17:15.600 align:start position:0%
lose the reward from it so it's too easy
 

00:17:15.600 --> 00:17:19.679 align:start position:0%
lose the reward from it so it's too easy
another<00:17:16.600><c> one</c><00:17:16.750><c> is</c><00:17:17.130><c> implemented</c><00:17:18.130><c> by</c><00:17:18.689><c> consensus</c>

00:17:19.679 --> 00:17:19.689 align:start position:0%
another one is implemented by consensus
 

00:17:19.689 --> 00:17:21.090 align:start position:0%
another one is implemented by consensus
research<00:17:20.530><c> team</c>

00:17:21.090 --> 00:17:21.100 align:start position:0%
research team
 

00:17:21.100 --> 00:17:24.660 align:start position:0%
research team
it's<00:17:22.030><c> called</c><00:17:22.329><c> handle</c><00:17:23.010><c> handle</c><00:17:24.010><c> allows</c><00:17:24.309><c> the</c>

00:17:24.660 --> 00:17:24.670 align:start position:0%
it's called handle handle allows the
 

00:17:24.670 --> 00:17:28.220 align:start position:0%
it's called handle handle allows the
aggregation<00:17:25.480><c> of</c><00:17:26.429><c> thousands</c><00:17:27.429><c> of</c><00:17:27.579><c> signatures</c>

00:17:28.220 --> 00:17:28.230 align:start position:0%
aggregation of thousands of signatures
 

00:17:28.230 --> 00:17:33.480 align:start position:0%
aggregation of thousands of signatures
just<00:17:29.230><c> under</c><00:17:29.620><c> a</c><00:17:29.860><c> second</c><00:17:30.309><c> and</c><00:17:31.110><c> organize</c><00:17:32.110><c> is</c><00:17:32.490><c> it's</c>

00:17:33.480 --> 00:17:33.490 align:start position:0%
just under a second and organize is it's
 

00:17:33.490 --> 00:17:36.240 align:start position:0%
just under a second and organize is it's
it's<00:17:34.090><c> done</c><00:17:34.210><c> by</c><00:17:34.510><c> organizing</c><00:17:35.320><c> the</c><00:17:35.559><c> connection</c>

00:17:36.240 --> 00:17:36.250 align:start position:0%
it's done by organizing the connection
 

00:17:36.250 --> 00:17:38.940 align:start position:0%
it's done by organizing the connection
in<00:17:36.429><c> levels</c><00:17:36.880><c> so</c><00:17:37.570><c> it's</c><00:17:37.720><c> more</c><00:17:37.900><c> like</c><00:17:38.110><c> a</c><00:17:38.140><c> structure</c>

00:17:38.940 --> 00:17:38.950 align:start position:0%
in levels so it's more like a structure
 

00:17:38.950 --> 00:17:42.750 align:start position:0%
in levels so it's more like a structure
to<00:17:38.980><c> decide</c><00:17:39.900><c> it's</c><00:17:40.900><c> doing</c><00:17:41.320><c> well</c><00:17:41.530><c> but</c><00:17:41.860><c> we</c><00:17:42.670><c> also</c>

00:17:42.750 --> 00:17:42.760 align:start position:0%
to decide it's doing well but we also
 

00:17:42.760 --> 00:17:44.820 align:start position:0%
to decide it's doing well but we also
need<00:17:43.330><c> to</c><00:17:43.450><c> think</c><00:17:43.630><c> more</c><00:17:43.870><c> about</c><00:17:43.929><c> how</c><00:17:44.500><c> can</c><00:17:44.800><c> we</c>

00:17:44.820 --> 00:17:44.830 align:start position:0%
need to think more about how can we
 

00:17:44.830 --> 00:17:47.460 align:start position:0%
need to think more about how can we
utilize<00:17:45.250><c> the</c><00:17:45.700><c> hybrid</c><00:17:46.240><c> model</c><00:17:46.510><c> more</c>

00:17:47.460 --> 00:17:47.470 align:start position:0%
utilize the hybrid model more
 

00:17:47.470 --> 00:17:56.130 align:start position:0%
utilize the hybrid model more
efficiently<00:17:52.830><c> so</c><00:17:53.830><c> it's</c><00:17:54.550><c> two</c><00:17:54.730><c> is</c><00:17:55.000><c> very</c><00:17:55.270><c> cool</c>

00:17:56.130 --> 00:17:56.140 align:start position:0%
efficiently so it's two is very cool
 

00:17:56.140 --> 00:18:00.360 align:start position:0%
efficiently so it's two is very cool
it's<00:17:56.290><c> a</c><00:17:56.470><c> Collette</c><00:17:56.890><c> but</c><00:17:57.550><c> great</c><00:17:58.120><c> work</c><00:17:58.620><c> so</c><00:17:59.620><c> I</c>

00:18:00.360 --> 00:18:00.370 align:start position:0%
it's a Collette but great work so I
 

00:18:00.370 --> 00:18:02.760 align:start position:0%
it's a Collette but great work so I
think<00:18:00.880><c> Justin</c><00:18:01.660><c> just</c><00:18:01.900><c> mentioned</c><00:18:02.320><c> about</c><00:18:02.559><c> that</c>

00:18:02.760 --> 00:18:02.770 align:start position:0%
think Justin just mentioned about that
 

00:18:02.770 --> 00:18:06.570 align:start position:0%
think Justin just mentioned about that
very<00:18:03.400><c> well</c><00:18:03.580><c> and</c><00:18:04.110><c> also</c><00:18:05.110><c> highlight</c><00:18:05.559><c> again</c><00:18:05.860><c> so</c><00:18:06.160><c> we</c>

00:18:06.570 --> 00:18:06.580 align:start position:0%
very well and also highlight again so we
 

00:18:06.580 --> 00:18:07.770 align:start position:0%
very well and also highlight again so we
have<00:18:06.610><c> the</c><00:18:07.120><c> EIP</c>

00:18:07.770 --> 00:18:07.780 align:start position:0%
have the EIP
 

00:18:07.780 --> 00:18:11.970 align:start position:0%
have the EIP
is<00:18:08.200><c> research</c><00:18:08.860><c> and</c><00:18:09.300><c> magicians</c><00:18:10.300><c> and</c><00:18:10.660><c> is</c><00:18:11.650><c> to</c>

00:18:11.970 --> 00:18:11.980 align:start position:0%
is research and magicians and is to
 

00:18:11.980 --> 00:18:14.250 align:start position:0%
is research and magicians and is to
speak<00:18:12.309><c> this</c><00:18:12.820><c> art</c><00:18:13.150><c> of</c><00:18:13.360><c> silent</c><00:18:13.750><c> you</c><00:18:13.840><c> can</c><00:18:14.050><c> found</c>

00:18:14.250 --> 00:18:14.260 align:start position:0%
speak this art of silent you can found
 

00:18:14.260 --> 00:18:17.100 align:start position:0%
speak this art of silent you can found
more<00:18:14.530><c> deeper</c><00:18:15.179><c> knowledge</c><00:18:16.179><c> about</c><00:18:16.630><c> it</c>

00:18:17.100 --> 00:18:17.110 align:start position:0%
more deeper knowledge about it
 

00:18:17.110 --> 00:18:19.919 align:start position:0%
more deeper knowledge about it
and<00:18:17.350><c> also</c><00:18:17.980><c> there's</c><00:18:18.400><c> a</c><00:18:18.520><c> bounty</c><00:18:18.940><c> initiate</c><00:18:19.690><c> by</c>

00:18:19.919 --> 00:18:19.929 align:start position:0%
and also there's a bounty initiate by
 

00:18:19.929 --> 00:18:23.760 align:start position:0%
and also there's a bounty initiate by
adjusting<00:18:20.650><c> and</c><00:18:20.920><c> you</c><00:18:21.550><c> can</c><00:18:21.730><c> get</c><00:18:21.940><c> five</c><00:18:22.690><c> es</c><00:18:22.929><c> if</c><00:18:23.440><c> you</c>

00:18:23.760 --> 00:18:23.770 align:start position:0%
adjusting and you can get five es if you
 

00:18:23.770 --> 00:18:26.940 align:start position:0%
adjusting and you can get five es if you
found<00:18:24.280><c> any</c><00:18:24.550><c> but</c><00:18:24.900><c> under</c><00:18:25.900><c> the</c><00:18:26.080><c> current</c><00:18:26.410><c> we</c><00:18:26.770><c> can</c>

00:18:26.940 --> 00:18:26.950 align:start position:0%
found any but under the current we can
 

00:18:26.950 --> 00:18:30.870 align:start position:0%
found any but under the current we can
change<00:18:27.190><c> spec</c><00:18:28.530><c> and</c><00:18:29.530><c> finally</c><00:18:30.340><c> I</c><00:18:30.400><c> want</c><00:18:30.640><c> to</c><00:18:30.760><c> say</c>

00:18:30.870 --> 00:18:30.880 align:start position:0%
change spec and finally I want to say
 

00:18:30.880 --> 00:18:36.540 align:start position:0%
change spec and finally I want to say
that<00:18:31.830><c> even</c><00:18:32.830><c> with</c><00:18:33.210><c> facing</c><00:18:34.230><c> how</c><00:18:35.230><c> the</c><00:18:35.550><c> the</c>

00:18:36.540 --> 00:18:36.550 align:start position:0%
that even with facing how the the
 

00:18:36.550 --> 00:18:38.790 align:start position:0%
that even with facing how the the
concern<00:18:36.940><c> protocol</c><00:18:37.540><c> is</c><00:18:37.720><c> almost</c><00:18:38.080><c> done</c><00:18:38.380><c> and</c>

00:18:38.790 --> 00:18:38.800 align:start position:0%
concern protocol is almost done and
 

00:18:38.800 --> 00:18:41.190 align:start position:0%
concern protocol is almost done and
there<00:18:39.010><c> are</c><00:18:39.040><c> some</c><00:18:39.400><c> optimizations</c><00:18:40.270><c> that</c><00:18:40.870><c> kind</c>

00:18:41.190 --> 00:18:41.200 align:start position:0%
there are some optimizations that kind
 

00:18:41.200 --> 00:18:43.970 align:start position:0%
there are some optimizations that kind
hence<00:18:41.559><c> are</c><00:18:41.679><c> working</c><00:18:42.070><c> on</c><00:18:42.220><c> and</c><00:18:43.120><c> generally</c><00:18:43.600><c> an</c>

00:18:43.970 --> 00:18:43.980 align:start position:0%
hence are working on and generally an
 

00:18:43.980 --> 00:18:47.970 align:start position:0%
hence are working on and generally an
optimist<00:18:44.980><c> or</c><00:18:45.720><c> optimistic</c><00:18:46.720><c> of</c><00:18:47.350><c> what's</c>

00:18:47.970 --> 00:18:47.980 align:start position:0%
optimist or optimistic of what's
 

00:18:47.980 --> 00:18:50.760 align:start position:0%
optimist or optimistic of what's
happening<00:18:48.520><c> and</c><00:18:48.670><c> exciting</c><00:18:49.420><c> about</c><00:18:49.540><c> how</c><00:18:50.440><c> can</c><00:18:50.679><c> we</c>

00:18:50.760 --> 00:18:50.770 align:start position:0%
happening and exciting about how can we
 

00:18:50.770 --> 00:18:53.460 align:start position:0%
happening and exciting about how can we
establish<00:18:51.270><c> this</c><00:18:52.270><c> problem</c><00:18:52.690><c> in</c><00:18:52.840><c> the</c><00:18:52.960><c> next</c><00:18:53.110><c> few</c>

00:18:53.460 --> 00:18:53.470 align:start position:0%
establish this problem in the next few
 

00:18:53.470 --> 00:18:59.580 align:start position:0%
establish this problem in the next few
stages<00:18:54.450><c> and</c><00:18:55.679><c> okay</c><00:18:56.679><c> so</c><00:18:56.980><c> it's</c><00:18:57.190><c> I'm</c><00:18:58.170><c> co-hosting</c><00:18:59.170><c> a</c>

00:18:59.580 --> 00:18:59.590 align:start position:0%
stages and okay so it's I'm co-hosting a
 

00:18:59.590 --> 00:19:02.160 align:start position:0%
stages and okay so it's I'm co-hosting a
breakout<00:19:00.160><c> with</c><00:19:00.580><c> like</c><00:19:01.060><c> tomorrow</c><00:19:01.420><c> morning</c><00:19:01.900><c> and</c>

00:19:02.160 --> 00:19:02.170 align:start position:0%
breakout with like tomorrow morning and
 

00:19:02.170 --> 00:19:02.670 align:start position:0%
breakout with like tomorrow morning and
if<00:19:02.350><c> you</c>

00:19:02.670 --> 00:19:02.680 align:start position:0%
if you
 

00:19:02.680 --> 00:19:06.150 align:start position:0%
if you
interesting<00:19:03.160><c> knowing</c><00:19:03.400><c> more</c><00:19:03.730><c> about</c><00:19:04.080><c> how</c><00:19:05.160><c> the</c>

00:19:06.150 --> 00:19:06.160 align:start position:0%
interesting knowing more about how the
 

00:19:06.160 --> 00:19:08.220 align:start position:0%
interesting knowing more about how the
Europe<00:19:06.700><c> developed</c><00:19:07.330><c> her</c><00:19:07.450><c> experience</c><00:19:07.990><c> looks</c>

00:19:08.220 --> 00:19:08.230 align:start position:0%
Europe developed her experience looks
 

00:19:08.230 --> 00:19:10.680 align:start position:0%
Europe developed her experience looks
like<00:19:08.470><c> in</c><00:19:09.130><c> the</c><00:19:09.400><c> phase</c><00:19:09.610><c> one</c><00:19:09.880><c> phase</c><00:19:10.150><c> two</c><00:19:10.300><c> stage</c>

00:19:10.680 --> 00:19:10.690 align:start position:0%
like in the phase one phase two stage
 

00:19:10.690 --> 00:19:13.620 align:start position:0%
like in the phase one phase two stage
and<00:19:11.020><c> please</c><00:19:11.530><c> come</c><00:19:12.010><c> with</c><00:19:12.130><c> us</c><00:19:12.370><c> and</c><00:19:12.640><c> join</c><00:19:13.360><c> the</c>

00:19:13.620 --> 00:19:13.630 align:start position:0%
and please come with us and join the
 

00:19:13.630 --> 00:19:17.580 align:start position:0%
and please come with us and join the
breakout<00:19:14.050><c> session</c><00:19:15.150><c> and</c><00:19:16.150><c> if</c><00:19:16.840><c> you</c><00:19:16.990><c> want</c><00:19:17.260><c> to</c><00:19:17.380><c> know</c>

00:19:17.580 --> 00:19:17.590 align:start position:0%
breakout session and if you want to know
 

00:19:17.590 --> 00:19:20.970 align:start position:0%
breakout session and if you want to know
more<00:19:17.830><c> about</c><00:19:17.860><c> these</c><00:19:18.310><c> two</c><00:19:19.110><c> discussions</c><00:19:20.110><c> there's</c>

00:19:20.970 --> 00:19:20.980 align:start position:0%
more about these two discussions there's
 

00:19:20.980 --> 00:19:25.020 align:start position:0%
more about these two discussions there's
a<00:19:21.070><c> chance</c><00:19:21.460><c> that</c><00:19:21.580><c> if</c><00:19:22.060><c> you</c><00:19:22.300><c> travel</c><00:19:22.950><c> next</c><00:19:24.030><c> after</c>

00:19:25.020 --> 00:19:25.030 align:start position:0%
a chance that if you travel next after
 

00:19:25.030 --> 00:19:26.940 align:start position:0%
a chance that if you travel next after
the<00:19:25.240><c> Japan</c><00:19:25.600><c> tour</c><00:19:25.930><c> and</c><00:19:26.350><c> you</c><00:19:26.620><c> can</c><00:19:26.770><c> come</c><00:19:26.920><c> to</c>

00:19:26.940 --> 00:19:26.950 align:start position:0%
the Japan tour and you can come to
 

00:19:26.950 --> 00:19:28.950 align:start position:0%
the Japan tour and you can come to
Taiwan<00:19:27.460><c> there's</c><00:19:27.820><c> a</c><00:19:27.970><c> conference</c><00:19:28.600><c> called</c>

00:19:28.950 --> 00:19:28.960 align:start position:0%
Taiwan there's a conference called
 

00:19:28.960 --> 00:19:34.040 align:start position:0%
Taiwan there's a conference called
crossing<00:19:29.500><c> and</c><00:19:30.040><c> just</c><00:19:30.340><c> having</c><00:19:30.670><c> crossing</c><00:19:31.210><c> Taipei</c>

00:19:34.040 --> 00:19:34.050 align:start position:0%
 
 

00:19:34.050 --> 00:19:38.500 align:start position:0%
 
okay<00:19:35.050><c> that's</c><00:19:35.260><c> the</c><00:19:35.410><c> side</c><00:19:35.680><c> credits</c><00:19:36.360><c> thank</c><00:19:37.360><c> you</c>

00:19:38.500 --> 00:19:38.510 align:start position:0%
okay that's the side credits thank you
 

00:19:38.510 --> 00:19:48.500 align:start position:0%
okay that's the side credits thank you
[Applause]

00:19:48.500 --> 00:19:48.510 align:start position:0%
 
 

00:19:48.510 --> 00:19:50.570 align:start position:0%
 
you

