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From YouTube: Casper Association Community Call
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A
Good
day,
everyone
and
welcome
to
the
casper
association
community
call
hosted
and
run
by
the
casper
association.
We
are
joined
by
piatt
from
casper
association,
meta
and
jake
from
casper
labs
and
dr
adl
from
alpha
finn.
We
will
open
up
for
a
q
a
towards
the
end
of
the
call
handing
it
off
to
you.
Piazz.
B
Thank
you
very
much.
Ashley
welcome
it's
our
pleasure
to
host
you
again
on
our
weekly
community
call
and
for
today
we
have
two
guests
and
as
well
a
new
portion
of
information
on
the
current
status.
So,
first
of
all
I
will
start
with
my
part.
I
would
like
to
talk
a
little
bit
about
q3,
so
we
are
preparing
and
start
development
on
the
fourth
upgrade
for
the
casper
network.
B
With
the
team,
we
are
very
much
focused
on
the
following
items.
Let
me
show
you
the
public
roadmap
that
we
have
so
here
we
have
the
column
that
is
about
q3.
The
most
prominent
item
on
this
list
is
fastsync,
so
here
we
we
need
fast,
sync
to
open
up
new
possibilities
in
terms
of
light
clients
and
preparing
the
integration
with
various
bridges
and
oracles.
So
here
this
is
our
main
effort
in
terms
of
bringing
this
new
feature
on
board,
but
we
have
a
lot
more
to
offer
and
to
to
discuss.
B
So
we
are
working
hard
towards
nft
support,
so
that
means
it
is
both
on
the
standard
side.
So
we
have
our
own
standard,
which
is
cp
47.
This
is
an
open
standard
that
is
also
available
for
review
in
our
cp
repository.
You
can
go
at
any
time
to
our
github
and
then
from
github.
There
is
a
possibility
to
check
on
all
ceps.
B
There
is
a
cp
cps
repository
with
pull
requests.
So
pull
requests
are
our
cp
that
are
under
review.
So
our
proposals,
you
can
find
the
cp47
right
here
and
you're
very
much
welcome
to
check
what
is
this
about
so
read
the
the
proposal
and
also
comment:
if
you
have
any
doubts
or
any
ideas
how
to
improve
this,
you
are
very
much
welcome
and
in
general,
at
casper,
labs
and
casper
association.
We
encourage
the
the
common
collaboration.
B
B
We
have
also
discussions
enabled-
and
I
already
saw
first
feedback-
that
we-
we
are
missing
a
little
bit
of
on
the
details,
and
this
is
already
an
open
item
for
me,
we'll
be
enhancing
the
the
features
that
we
are
presenting
on
our
roadmap,
just
to
provide
more
details,
more
description,
so
you
will
be
able
to
comment
on
this
also
on
more
detailed
level,
then
for
the
timeline
q3,
it
means
that
we
have
three
months
to
develop
test
and
deliver
the
the
fourth
major
upgrade
of
our
network,
and
currently
we
are
in
the
middle
of
the
middle
of
the
first
month
in
our
internal
methodology.
B
We
we
spent
the
first
two
months
on
the
future
development
and
the
the
third
month
is
devoted
towards
testing
delivery
and
also
more
conceptual
work
on
the
research
and
design
for
q4.
So
as
for
now,
we
are
wrapping
up
the
1.3
release
which,
which
is
about
to
be
deployed
to
the
test
net
1.3,
which
we
will
discuss
a
little
bit
in
the
details.
Just
in
two
minutes,
the
the
1.3
release
is
now
being
cut
and
handed
over
for
our
internal
test.
B
So
here
we
will
check
this
against
our
various
automated
tests,
checking
on
the
performance,
security
and
all
other
factors
that
are
important
before
we
release
it
further.
The
next
step
is
to
hand
it
over
for
test
and
validators
this,
according
to
our
current
agenda
and
timeline,
will
happen
in
the
end
of
july
and
then
early
august.
We
are
planning
to
to
move
forward
with
the
mainnet
upgrade
okay.
C
Yeah,
so
I
can
add
a
little
bit
more
color
there,
so
just
so,
the
community
understands
what
our
process
is
right.
So
right
now
the
development
team
is
finishing
up
the
last
bits
of
testing
and
as
pure
indicated,
so
with
every
pull
request
right.
There
is
a
rather
large
amount
of
testing
that
happens
that
it
builds
on
top
of
itself
right.
So
when
we
initially
started
building
the
project,
maybe
at
100
tests
right
and
then
with
each
pull
request,
the
developers
add
new
tests
with
new
functionality
right.
C
So
each
piece
of
functionality
has
this
large
battery
of
tests
that
go
with
it.
So
now
you
know
when,
whenever
a
pull
request
is
cut,
that
code
is
automatically
tested
using
continuous
integration,
continuous
deployment
right.
So
there's
code,
there's
actually
tooling,
that
will
spin
up
casper
networks
and
run
a
bunch
of
scenarios
against
those
casper
networks
right
and
the
reason
for
that
is
some
of
the
functionality
needs
to
be
tested
at
the
consensus
level,
some
of
the
functionality
can
be
tested
at
the
more
granular
node
level.
C
So
there's
different
layers
of
testing
that
happen
and
then
the
last
and
final
layer
of
testing
that
people
talked
about
was
was
the
performance
testing,
where
we
spin
networks
up
that
are
about
the
size
of
300
to
400
nodes
inside
of
aws
using
terraform
and
ansible
scripts.
So
we'll
spin
up
and
it's
a
variety
of
different
configurations,
some
of
the
times
the
networks
will
have
75
validators.
Sometimes
they'll
have
over
100
validators
with
200
or
300
read-only
nodes,
and
then
we
will
run
synchronization
tests.
We
will
run
load
tests.
C
We
will
run
joiner
tests,
we
will
run.
You
know
we
even
have
what
we
call
stinky,
which
is
a
an
equivocating
node.
So
we
have
a
malicious
node
that
we're
using
for
testing.
All
of
this
testing
happens
even
before
it
gets
to
testnet
right
and
the
expectation
is
for
the
internal
kpis
for
the
node
that
we
never
take
a
step
backwards
right.
C
So
there's
a
baseline
base
level
of
performance
that
we
expect
there's
a
base
level
of
memory,
utilization
and
cpu
utilization
that
we
track
and
with
every
single
release
it's
only
allowed
to
go
one
way.
It's
only
allowed
to
get
better
and
better
and
better
right,
so
super
important
that
that
we
have
this
kind
of
testing
and
then,
after
that
it
will
go
into
test
net.
Where
we
will,
we
will
watch
carefully
how
the
system
performs
test.
That's
actually
pretty
large
is
over
800
nodes.
C
So
our
expectation
is
that
with
1.3
release,
if
you
want
to
pull
up
the
announcement
there,
we
can
talk
a
little
bit
about
what's
in
1.3
yeah,
so
what's
in
1.3
is
we
have
networking
enhancements
that
will
be
happening,
so
our
expectation
is
that
the
network
will
become
even
more
efficient
than
it
was
before
that
we
will
be
optimizing
for
validator
messages,
and
so,
when
you've
got
a
large
number
of
nodes
joining
the
network
that
it
does
not,
you
know,
represent
additional
load
on
the
system.
C
Killian,
yes,
read-only
node
is
just
a
node
that
is
not
bonded.
So
whenever
you
run
up
run
a
a
casper
node,
you
have
to
supply
a
private
key
and
the
reason
you
have
to
supply
a
private
key.
At
the
point
you
instantiate,
the
node
is
that
the
node
system,
the
node
itself,
doesn't
know
whether
the
validator
or
the
node
is
bonded
to
the
network,
because
bonding
all
happens
on
chain
right.
So
at
the
system
level,
the
system
is
not
aware
what
is
happening
on
chain
right.
C
So
whenever
you
run
a
node,
you
have
to
run
a
node
with
the
private
key
and
whether
or
not
that
private
key
holds
any
token
on
it
or
not
all
happens
on
chains.
The
node
doesn't
actually
know
about
it.
So
the
on
chain
auction
is
how
a
node
is
bonded
right.
The
casper
auction
to
kind
of
take
a
a
slight
left
turn
here
and
so
in
1.3
there
will
be
simplifications
on
the
endpoints
that
make
it
easier
to
query
the
node.
So
you
no
longer
need
the
global
state
hash.
C
In
order
to
get
information
you
can
do
with
the
block
hash.
You
can
get
more
historical
auction
information.
This
is
a
new
feature
to
make
it
easier
to
walk
back
the
state
and
see
what
happened
in
at
previous
block
heights.
With
respect
to
the
auction,
and
on
the
smart
contracting
front,
we
have
a
pretty
big
enhancement,
which
is
getting
the
call
stack.
We've
had
this
require
request
before
from
from
contract
authors,
to
be
able
to
know
when
a
contract
calls
another
contract
who
actually
invoked
the
contract
right.
C
That
is
the
get
call
stack
functionality
and
we
also
are
introducing
this
notion
of
dictionaries.
This
notion
of
dictionary
is
super
important
for
scaling
out
implementations
of
erc20
and
nft
protocols,
wherein
you
can
keep
track
of
the
items
within
a
collection
right.
That's
what
dictionaries
are
all
about
and
we
will
be
providing
sample
code
for
you
know,
cep47,
which
is
the
nft
protocol,
as
well
as
a
erc20
that
now
uses
this
dictionary
method.
C
So
for
those
of
you
that
are
building
implementations
of
erc,
20,
erc,
720
or
erc
1155,
we
know
that
these
implementations
are
underway
in
the
devex.
Now
you
will
need
to
take
a
look
at
the
dictionary
implementation
and
modify
your
implementations
to
match
this.
Additionally,
because
there
are
new
rpc
endpoints,
the
golang
sdk,
the
java
sdk
and
the
javascript
sdk,
and
the
python
sdk
will
all
need
to
be
updated
with
new
versions
that
add
these
new
rpc
endpoints
right.
These
helper
methods
to
make
things
easier
to
use.
C
We're
also
improving
the
deploy
processing
if
you've
sent
a
transaction
right
now
to
mainnet.
You
probably
noticed,
there's
a
little
bit
of
a
delay
that
is
undesirable,
where
a
transaction
tends
to
almost
wait
for
one
round
before
it
gets
into
a
block.
That's
that
is
due
to
some
a
small
hiccup
in
the
logic,
we're
streamlining
that
so
you'll
see
the
deploy,
hit.
The
next
block
right,
so
it'll
speed
up,
deploy,
processing
in
terms
of
the
entire
round
trip.
B
Great,
I
think
this
is
this:
is
it
in
terms
of
the
technical
risk
notes
and
the
scope
for
1.3?
D
Certainly,
we
are
actually
heavily
involved
currently
with
developing
auctions
for
metacasting.
That
also
involves
actually
specking
out
and
the
prototyping
certain
improvements
to
the
nfts.
That
medda
has
already
mentioned,
such
as
you
know,
use
of
dictionaries.
Use
of
you
know
the
entire
call
stack,
so
one
particular
interesting
thing
is
you
can
do
physical
stack
functionality
is
that
you
can
actually
have
contracts
controlling
nfts
rather
than
just
user
accounts,
so
that
is
a
prototype
that
they
did
and
that
is
going
into
the
actual
cp-47.
D
You
know
generic
implementation
and
additionally,
we
are
starting
to
get
back
into
developing
gas
and
storage
pricing
models.
Note
that
these
two
things
are
currently
intertwined
because,
as
only
means
of
accounting
for
resources.
Right
now
that
we
have
is
gas,
so
we
use
that
to
account
both
for
use
of
compute
time
and
also
for
use
of
storage.
And
of
course
this
is
not
ideal,
and
so
we're
trying
to
separate
these
two
and
develop.
D
You
know
a
price
models
that
is
hopefully
an
improvement
over
what
you
see
currently
on
ethereum,
for
example
right.
So
obviously
you
know
you
want
to
be
able
to
support.
D
You
know
enterprise
workloads-
that
is,
you
know,
not
compatible
with
intraday
volatility,
and
you
know
long-term
unpredictability
of
gas
prices
that
you've
seen
many
other
blockchains.
So
we
are
developing
a
new
congestion
price
model
from
scratch
to
deal
with
these
issues.
B
So
what
does
it
mean
for
the
for
the
users
of
the
blockchain?
This
new
pricing
model.
D
So
hopefully
it
will
mean
that
you
know
if
you
have
a
business
critical
workloads
to
run
right,
you
will
be
able
to
actually
budget
for
them
right
and
we
do
have
you
know
existing
ideas
for
these
things,
such
as
you
know,
gas,
futures
markets,
but
in
fact
you
know
my
colleague
ziki
actually
has
you
know
potentially
a
better
approach
to
tackling
these
things
so
and
that
you
know
it's
very
early
stages.
So
you
know
I
cannot
tell
you
right
now.
D
Is
that
what's
going
to
come
out
might
be
something
radically
different
from
a
you
know:
gas
futures
market,
or
maybe
it's
going
to
be
something
very
similar,
but
we're
starting
with
that.
C
Yeah,
I
can
definitely
speak
to
this,
so
you
know
from
a
product
perspective
right
what
we've
promised
our
customers
and
the
broader
community
and
enterprise.
Most
importantly,
is
that
you
know
you
don't
pay
when
you
use
aws
right
when
we
use
amazon
web
service,
we
don't
pay
for
it
in
terms
of
amazon
stock
right.
This
is
what
happens
in
crypto,
which
is
silly
right.
I
understand
that
the
token
needs
to
be
needs
to
have
utility,
and
we
completely
agree
that
agree
to
that.
C
That's
the
way
it's
got
to
be,
but
the
reality
is
from
a
pragmatic
perspective.
People
still
think
about
their
budgeting
in
terms
of
fiat
and
even
if
they
were
to
think
about
it
in
terms
of
crypto,
it
would
still
need
to
be
a
much
more
like
stable
unit
right
where
it's.
If
it's
it's
more,
it's
not
something.
That's
that's
subject
to
the
kind
of
price
volatility
that
we
see
in
in
tokens
today
right
and
when
you
also
think
about
well,
why
did
ethereum
use
the
gas
model?
C
What
was
the
purpose
of
the
gas
model?
Well,
one
of
the
things
we've
come
to
realize
is
that
all
economics
inside
cryptocurrency
really
drives
down
to
security
right.
The
reason
you
have
an
economic
model
is
because
those
economics
provides
security
for
the
blockchain
and
the
gas
model
is
no
different
right.
What
is
the
problem?
The
gas
model
is
trying
to
solve
is
the
halting
problem.
C
It's
the
problem,
where
somebody
sends
in
this
really
big
gnarly,
terrible
contract
that
sends
all
the
vms
spinning
in
an
infinite
loop
right.
That's
called
the
halting
problem,
and
that
would
eventually
that's
a
security
risk
right,
so
you
have
to
make
sure
that
nobody
does
that
right
and
that
they
have
to
be
able
to,
and
and
what's
the
great
constraint
for
that,
it's
expense
right.
The
constraint
for
that
is,
if
you
use
more
compute,
you
pay
more
and
more
for
it.
C
Similarly
use
more
storage,
you
pay
more
and
more
for
it,
and
the
gas
model
was
is
a
brilliant
solution
to
that,
but
it
suffers.
The
problem
of
you
know
that
blockchains
fundamentally
are
constrained
because
they're
very
expensive
computation.
You
basically
have
one
vm,
that's
replicated
across
and
number
of
instances.
However
many
instances
you
have
in
the
protocol-
and
you
are
still
limited
by
capacity
and
of
course
you
do
all
kinds
of
things
to
increase
throughput
we've
done
the
same
thing:
we've
made
consensus
a
lot
more
efficient,
but
let's
be
brutally
honest
right.
C
There
isn't
ever
going
to
be
a
single
global
computer.
That's
going
to
handle
all
of
the
throughput
for
the
world.
That's
just
not
realistic.
It's
not
reasonable.
Every
every
resource
of
any
value
is
valuable
because
it's
necessarily
constrained-
and
I
think
the
same
thing
applies
here.
So
the
question
I
put
to
the
research
team
is:
is
there
finding
me
a
creative
way
to
solve
for
the
halting
problem
without
necessarily
using
opcode
costing
right?
Because
when
you
talk
about
opcode
costing,
then
you
get
to
this
level
of
granularity?
C
That
probably
is
overkill
right.
So
let's
solve
one
problem
without
hamstringing
ourselves
to
necessarily
opcode
costing
and
very
granular
storage
costing
as
long
as
you're,
not
trying
to
bring
the
system
to
its
knees,
either
intentionally
or
unintentionally,
and
we
can
account
for
that.
Let's
look
at
a
creative
way
to
get
to
price
stability
right
that
isn't
making
things
a
way
so
way
way
complicated
to
where
we
shoot
ourselves
the
foot.
So
that
was
my
thinking
around
it
so
yeah,
that's
that's
the
bid
on
gas
model
and
gas
costs.
C
We've
talked
yeah,
we've
talked
a
lot
about
the
technical
update,
so
I'll
I'll
provide
the
last
update
on
the
trail
of
bits
piece.
We
had
a
question
from
the
community
on
the
trail
of
bits.
I
mean
not
trailer
but
sorry
the
casper
ledger,
so
the
casper
ledger
integration
cleared
the
trail
of
bits,
security
audit.
I
have
the
report
here.
C
I
can
throw
it
up
on
the
screen
really
quickly.
If
you'll
allow
me,
let
me
see
if
I
can
find
it
hang
on
one
second
folks,
sorry
for
the
delay
here
desktop.
Where
is
it
oh
shoot
here?
We.
C
C
So
here
we'll
see
the
the
casper
last
ledger:
security
assessment-
I'm
not
going
to
go
into
a
lot
of
depth
here,
I'm
just
going
to
give
you
the
executive
summary.
So
just
so
everybody
can
see.
We
focused
on
the
ledger
integration
and
they
also
took
a
look
at
the
web
wallet
so
resulted
in
six
findings,
two
low
severity
issues
and
then
four
informational
issues,
so
nothing
critical
coming
through
there
was
there
was
benefit
from
increased
documentation,
and
so
we
are
definitely
going
to
be
looking
at
doing
some
more.
C
You
know,
documentation
in
the
web
wallet,
and
so
here
you'll
see
here.
Project
dashboard
highs,
high
severity
issues,
zero,
medium,
zero,
two
low
severity,
four
informational
right.
So
two
in
data
validation,
one
in
denial
service,
one
error,
reporting,
testing
and
undefined
behavior.
So
we
will
be,
we
will
be.
We
will
be
reviewing
this
in
depth
and
the
team
will
make
a
decision
on
what
they
need
to
see
here.
C
You
guys
can
take
a
moment
to
take
a
look
at
this
and
hit
rewind
here.
So
overall,
a
favorable
outcome
on
the
audit.
We
will
be
submitting
this
to
ledger
live
and
the
goal
is
to
get
not
just
the
base
ledger.
Integration
done,
but
also
submit
to
ledger
live,
that's
really
where
we
want
to
be,
and
the
association
is
working
on
that
in
collaboration
with
ledger
and
the
ledger
team
is
already
working
on
the
staking
interface
within
ledger.
C
We
felt
that
getting
the
base
implementation
through
is
going
to
be
the
fastest
way
to
get
us
approved
at
ledger
and
then
moving
on
to
adding
staking
afterwards.
So
the
staking
implementation
is
already
underway
with
zontax
and
we'll
probably
do
another
round
of
security
review,
but
then
presenting
that
update
into
ledger
will
be
more
expedient.
So
that's
the
approach
the
team
is
taking.
B
Everyone
thank
you
very
much,
mada
all
right.
I
think
it's
time
for
devex
now.
I
think
that
we
have
the
devex
team
with
devex
dao
team
with
us.
So
let's
start
with
with
the
update,
and
then
we
will
smoothly
transition
to
dr
allah's
presentation.
E
I'm
tim
messer,
I'm
I'm
here
here
with
the
update
from
the
devex.
Now
again,
we
have
two.
We
have
two
new
new
grants
this
week
and
both
of
them
are
are
pretty
revolutionary
for
a
pretty
pretty
revolutionary
bits
of
architecture
for
layer,
1,
block
chains
as
a
whole
and
obviously
the
the
reference
implementation
of
a
lot
of
these
things
will
be
on
casper,
but
the
the
fir
the
first
bit.
It
basically
attempts
to
tackle
the
the
issue
of
caching
at
scale
for
bl
for
blockchains
right.
E
So
one
of
the
things
that
you
run
you
run
into
is
derive
deriving
val
value
transactions
for
smart
com
for
smart
contracts
and
as
a
blockchain
grows,
truly
verifying
that
the
that
value
is
where
you
think
it
is
gets
harder
and
harder,
because
you
know
if,
if
you've
got
got
some
something
that's
been
around
for
six
months,
that
that
that
happens
pretty
quickly.
You
got
something:
that's
that's
been
around
for
two
years.
E
Well,
it
starts
to
get
slower,
so
the
threefold
tech
team
has
applied
for
and
received
a
grant
to
to
start
to
crack
to
crack
this
problem
with.
What's
called
a
trusted
data
lake-
and
this
is
the
this
is-
is-
is
going
to
require
some
like
actual
research
to
figure
out
how
to
most
of
it
efficiently
define
what
is
what
what
is
the
the
important
values
and
how
to
cache
those
those
appropriately
and
the
and
the
grant.
E
The
first
grant
also
includes
a
proof
of
concept
at
a
smaller
scale.
We
also
have.
I
have
I
have
another
another
grant
that
was
also
approved
alongside
it,
which
is
the
storage
fabric
for
for
all
of
that.
So
it's
tempting
to
think
of
this
as
a
as
a
bit
of
a
side
chain,
but
that's
not
truly
accurate,
because,
because
this
is
more,
this
is
more
data
reference
that
allows
the
blo
of
the
blockchain
to
stay
maximally
fast
and
efficient.
Even
after
it
start
it's
starting
to
to
track.
E
You
know
billions
and
trillions
of
different
transactions
and
which
will
include
all
sorts
of
all
sorts
of
different
stores
of
out
of
value
and
tokens
and
even
just
types
of
transactions.
This
entire
thing
is
also
very
important
to
dow
frameworks,
because
dao's
themselves
themselves
are
going
going
to
be,
are
going
to
be
lodging
their
their
votes,
their
their
determinations,
their
their
their
own
personal
histories
on
the
blo,
the
blockchain
as
well-
and
you
know,
probably
pretty
quick
enough
for
the
for
them
to
reference
their
own
decisions.
E
But
what
about
all
of
the
context
surrounding
those
decisions
so
for
auditing
purposes
and
so
forth?
So
we're
really
excited
about
about
the
work
that
threefold
tech
is,
is
bringing
into
the
into
the
ecosystem,
with
all
with
all
of
that,
and
then
beyond
that,
we,
we
also
have
a
bunch
of
other
of
other
milestones,
just
work,
getting
done,
that
that
has
that
has
come
through
the
this
week,
the
golang
sdk
for
for
the
for
the
casper
now
network.
This
is
a.
E
This
is
an
sdk
that
my
understanding
has
already
been
being
used
being
used
by
a
couple
of,
but
by
a
couple
of
of
of
what
are
they
called
exchanges?
That's
what
they're
called
trying
to
keep
too
much
in
my
too
much
in
my
head
at
one
time,
but
yeah
the
it's
already
being
used
by
a
number
of
exchanges.
They
are
passing
their
their
formal
other
formal
vote
to
get
get
paid
out
compensated
for
their
their
hard
work.
E
We've
also,
we've
also
got
the
another
milestone
for
the
for
the
incentivized
casper
casper
test
net
and
maintenance
of
that
that
continuing
on-
and
we
also
have
a
number
of
other
other,
like
basic
basic
milestones
that
that
are
getting
completed
like
a
node
validator,
secure,
a
security
and
compliance
audit
as
to
act
as
an
advisory.
For
all
of
the
note
of
the
validator
runners
on
the
casper
network.
E
This
is
the
some
of
the
basic
things
you
need
to
be
doing,
which
has
the
ancillary
benefit
of
helping
us
decentralize,
the
the
and
decentralize
the
the
validator,
the
val,
the
validator
pool
by
lowering
the
other
bar
on
all
all
of
the
technical
information
that
you,
you
have
to
know
personally,
to
to
be
to
be
able
to
effectively
run
run
a
good
validator
right
and
now
and
now,
with
the
professional
security
reviews
and
everything
that
that
that
are
happening,
you'll
be
able
to
look
at
a
look
at
the
open
source
and
completely
free
opinions
of
experts
in
the
field,
so
that
that
is
the
the
that
is
the
of
the
really
quick
update
again
like
I'm.
E
I
I
I
encourage
everybody
to
that
to
come.
Hang
out
with
the
the
devex
now
on
our
own,
our
own
community
call
right
after
this
one,
and
we
also
have.
I
have
grant
workshops
on
fr
on
fridays.
I,
like
that's
basically
my
personal
open
office
hours,
where
I
answer
all
all
questions
regard
regarding
grants-
and
you
know
like
our
my
our
our
our
pipeline-
continues
to
flow
through
really
really
well,
and
I
couldn't
be
happier
so
that
I'll
take
any
questions.
E
Any
questions
there,
but
I
don't
have
any
back
to
you.
Pyotr.
B
Thank
you
very
much
tim.
Thank
you
very
much
for
this
update
and
speaking
of
grants.
We
have
one
grand
participant
with
us,
so
there's
alpha
fin
company,
dr
adar,
over
to
you.
Yes,.
F
All
right,
thank
you
very
much
for
hosting
me
here
and
it's
a
perfect
segue
after
timothy,
because
of
all
the
nice
support
from
the
the
grant.
The
project
for
dln
is
actually
moving
much
faster.
If
I
can
get
this
screen
share
for
a
second
I'll
show
you
what
I
mean.
F
So
basically,
the
project
that
we
are
doing
here
from
alpha
fin
alphafin
is
the
company
that
is
is
producing
it
and
what
we
think
in
alphafin
is
that
the
blockchain
is
going
to
do
to
the
banking
industry
and
financial
industry
just
like
what
the
internet
done
to
the
travel
industry
and
other
things
there.
So
we
are
out
to
build
all
of
those
different
things
that
we
can
do
to
help
c5
come
over
and
move
into.
F
F
Thus
they
are
excluded
from
the
financial
system
and
the
the
only
solution
that
actually
helped
was
the
one
from
dr
mohammad
yunis,
the
nobel
prize,
winning
economist,
who
invented
the
micro
lending
and
allowed
people
to
go
there.
First,
they
left
at
what
he
was
doing.
Then
they
voted,
and
then
he
got
the
nobel
prize
there.
That
industry
is
today
a
150
billion
dollar
industry
serving
100
million
people,
82
of
which
are
women
and
the
repayment
level.
F
There
is
98
as
compared
to
regular
loans,
which
is
88
at
best,
so
it's
much
better
there,
but
there
is
a
problem
with
it.
What's
the
problem,
the
problem
is
cost
so
because
they
are
relying
on
conventional
banking
system
and
conventional
rails.
It's
really
really
hard
for
them
to
streamline
to
be
fast
to
tackle
globally.
They
are
localized
and
still
using
old
rails.
As
we
all
know,
those
are
are
very
inefficient
and
then
access.
F
There
are
financial
deserts
all
across
the
globe
because,
from
a
banking
point
of
view,
it's
not
worth
it
or
feasible
to
put
a
bank
in
an
area
unless
it
has
enough
money
for
the
bank
to
be
established,
and
then
the
the
current
lending,
even
with
microlending,
is,
is
focused
just
to
basically
help
one
person
the
borrower
at
most,
and
thus
it's
not
sustainable,
does
not
help
the
community.
F
However,
we
can
change
all
of
the
stuff
because
we
have
the
power
of
a
blockchain.
So
what
dln
is
trying
to
do
is
to
create
affordable
loans
that,
at
the
protocol
level
provide
for
zero
interest
to
the
borrower
and
no
fees
on
it
and
allow
it
to
be
accessible
universally.
If
you
have
a
cell
phone,
then
you
can
access
it,
utilizing
something
called
social
sticking,
smart
contract
that
enables
this
process
and
hence
making
it
sustainable.
The
friends
and
the
family
will
will
benefit
from
it
as
well
as
the
one
that
is
borrowing
there.
F
So
if
you
look
at
the
current
micro
lending
system,
it's
a
binary
system,
meaning
it
has
a
borrower
and
a
lender,
and
in
order
for
the
borrower
to
access
the
lender,
they
need
to
have
a
collateral,
but
but
they
are
unbanked,
and
so
they
don't
have
a
bank
to
begin
with.
They
don't
have
any
collaterals
at
all.
Hence
it's
a
non-starter
and
they
are
committed
to
shark
loans
and
all
of
that
which
basically
design
their
life
away.
That's
that's
the
problem
that
I'm
trying
to
solve.
What
does
it
have
what
happens
today?
F
If
you
don't
have
money,
you
do
have
friends
and
you
do
have
family,
so
you
usually
go
to
your
friends
and
family
and
ask
them
for
money
and
they
say
like.
Oh,
it's
you
again
so
beca.
Why?
Because
there
is
nothing
in
it
for
them,
but
why
is
that?
Why
can't
we
include
them
in
the
system,
so
let's
model
them
in
a
trinary
system
where
you
have
a
borrower,
a
community
investor
and
a
lender.
So
I
want
to
transform
the
borrower
to
an
entrepreneur
that
is
presenting
a
certain
proposal.
F
F
So
how
that
would
happen
on
the
blockchain
by
creating
something
called
the
social
sticking
smart
contract,
so
a
borrower
would
actually
create
a
proposal
and
says
in
it.
Here
is
what
I
need
to
do
all
of
pieces
there,
and
then
the
borrower
would
invite
the
community
investors
to
support
him
on
the
proposal
and
when
they
support
him
by
locking
in
their
assets
today,
if
you
do
that,
and
and
lock
your
assets
way
in
this
cfi,
those
assets
are
dormant.
F
They
are
not
utilized
at
all,
but
from
a
blockchain
as
a
an
economist,
I
look
at
it
from
the
point
of
view
of
you
right
now
converted
that
that
position
into
a
fully
collateralized
risk
mitigated
debt
position,
which
means
it's
very
attractive
for
lending
pools
in
general.
So
at
that
point
we
can
borrow
against
it
and
because
we
have
the
social
sticking,
smart
contract,
meaning
it's
immutable
and
it
will
kick
by
itself
there
that
allows
us
to
provide
that
guarantee
to
the
lender.
F
So
still
the
friends
and
family
are
on
the
hook
for
the
borrower.
However,
in
the
back
end,
we
are
investing
all
of
the
stuff
in
defy
to
generate
roi.
That
is
split
three
ways.
One
third
goes
to
the
community
investors
thanking
them
for
helping
their
own
and
once
that
goes
to
the
lender,
thanking
them
for
the
use
of
their
capital
and
then
the
other
one
goes
to
the
network
to
pay
for
any
fees
or
anything
like
that.
So
then
the
borrower
receives
it
on
the
protocol
level
as
as
a
free,
loon,
basically
there.
F
F
Mfis
that
have
been
established,
microfinance
institutions
cater
to
that
segment
and
they
are
hurting
because
there's
very
little
kind
of
like
you
know,
access
and
support
with
them
covered
is,
is
hurting
that
more
and
I
wanna
take
their
model
embrace
what
they
are
doing,
help
them
with
their
people
that
they
are
already
serving
then
enhancing
it
by
saying
okay
bring
in
your
community
that
exists
there,
so
that
they
would
basically
come
in
on
the
backing
on
the
investing
with
the
mfi
itself,
and
then
the
third
and
final
goal
would
be
now.
F
We
did
not
only
give
the
community
a
fish,
we
told
the
community
how
to
fish,
so
we
did
not
give
the
community
alone.
We
taught
them
how
to
provide
loans
for
themselves
completely
decentralized
system
that
can
survive
by
itself
on
its
own,
completely
un
supervised.
They
handle
everything
there,
but
with
a
practical
look
on,
how
do
you
establish
this?
Because
you
can't
just
throw
it
out
there
and
people
will
start
using
it?
F
You
have
to
guide
them
and
how
it
would
work
so
took
that
and
started
talking
with
mfis
across
the
globe
and
every
each
one
of
them
joined,
except
for
two.
The
first
tranche
of
them
are
nicely
spread
across
all
the
developing
countries
from
west
africa,
all
the
way
to
middle
east
all
the
way
to
india
and
to
afghanistan.
F
All
of
them
are
very
excited
to
join
130
million
budget
and
2
million
lives,
and
I
have
another
batch
and
another
batch
after
that
that
are
waiting
to
see
all
of
that
stuff
go
in
very
first
one
is
dcbs:
it's
an
indian
mfi
that
works
in
west
bengal.
They
served
18
000
and
their
budget
is
2.8
million
small,
but
in
a
very
complicated
regulatory
framework.
So
we
are
working
with
them,
because
if
you
can
succeed,
they
will
succeed
anywhere
and
the
philosophy
is.
F
This
is
not
going
to
be
an
overnight
one
billion
dollar
sushi.
Swap
it's
going
to
be
step
by
step
building
it.
Creating
reports
use
cases
on
how
that
would
work,
sharing
it
with
the
community,
showing
you
blockchain,
banking,
the
unbanked,
addressing
the
masses
taking
people
from
the
brinks
of
despair
and
that
into
starting
their
life.
F
Next
on,
there
is
fatin
in
the
middle
east,
it's
a
little
bit
bigger
with
a
bigger
budget
and
then
we'll
work
our
way
through
the
rest
of
them
to
make
sure
that
we
are
able
of
helping
those
people
first,
a
dozen
then
a
hundred
pair
each
of
those
mfis.
Then
it
goes
to
few
thousands
and
then
a
hundred
thousands,
and
then
we
will
be
able
of
showing
a
shiny
example.
Why
and
how
that
is,
is
used
and
how
do
we
implement
a
blockchain?
F
So
that
leads
me
to
the
next
question:
why
casper
labs?
Well
fast
transactions,
upgradeable
smart
contracts?
You
guys
know
all
of
that
stuff
already
dynamic
teams,
but
what
I
look
at
it
as
well
is:
there
is
agile
technology
out
there
and
focus
on
quality
and
emerging
ecosystem
means
there
isn't
the
preconceived
notions
that
you
have
with
other
systems
where
you
have
to
comply
with
existing
things?
This
is
new.
It's
we're!
F
Building
everything
together
and
they
they
have
a
big
focus
on
the
mena
region
which
is
critical
because,
for
example,
dubai
is
in
the
center
of
the
developing
countries.
You
have
africa
on
one
end
and
you
have
asia
on
the
other
end
and
a
casper
is
embracing
the
mainstream
adoption.
So
it's
focused
on
how
to
make
it
actual
real
practical
way.
Like
mariners
always
says,
the
centralization
is
the
heart
of
all
the
stuff.
F
F
You
would
simply
see
an
app
that
is
helping
you
to
perform
a
certain
feature
and
step
two
three
clicks
and
you
are
out
and
it's
working
through
there
and
that's
where
the
devdao
grand
came
into
play
because
of
all
the
support
and
feeling
as
a
part
of
a
family
that
when
you
need
help,
they
are
always
there.
They
help
you
with
the
steps.
It's
not
more
focused
on
like
hey,
you
have
to
comply
with
a
lot
of
stuff,
it's
more
of
like
what
is
objective.
What
are
you
trying
to
do?
F
Let's
get
this
technology
in
the
hands
of
the
masses,
so
that
is
helping
expedite
all
this
development
because,
like
if
you
check
the
lumon,
they
just
came
up
with
an
article
that
talks
about
covet.
19
is
creating
a
tsunami
of
that.
Even
in
a
microlending
realm,
it's
crushing
people
and
they
are.
They
are
eager
to
get
a
solution
like
this,
so
that
we
can
implement
it,
get
in
their
hand
and
get
them
out
of
the
poverty
cycle
and
the
same
thing
with
dubai.
F
Dubai
is
a
really
great
place
to
be
it's
just
in
the
middle
of
everything
is
growing,
it's
dynamic
and
embracing
new
technologies.
All
of
the
time
there
I've
been
speaking
for
a
whole,
while
so
I'll
stop
here
and
and
get
any
questions.
If
anybody
wants.
B
Thank
you.
This
is
great
and
very
uplifting
as
well.
I
I
also
I
was
trying
to
ask
you
why
casper,
but
you
already
answered
this
and
my
my
second
follow-up
question
would
be
what
is
on
your
technical
roadmap
right
now.
What
are
the
next
points
there.
F
Fantastic,
so
that's
a
really
good
question
there
and
I'm
a
phd
I
publish
papers.
My
last
paper
wasn't
actually
nft
is
just
in
the
beginning
of
the
month
in
in
spain.
So
I
like
to
go
methodical.
I
like
to
build
stuff
very
methodically,
get
critiques,
I'm
I.
If
I
build
something-
and
it's
not
criticized
something
is
wrong
with
that.
F
So
we
want
to
make
sure
that
this
is
perfect
and
we've
done
our
initial
modeling
on
evm,
just
to
make
sure
that
it
is
functioning
the
way
that
we
like
and
then
right
now
we
are
going
per
the
grand
milestones
to
move
into
taking
all
the
stuff
migrating
it
into
the
casper
ecosystem,
taking
advantage
of
the
subtleties
that
exist
in
the
casper
and
the
power
of
rust
underneath
there.
So
first
thing
is
deploying
those
assets
because
we
use
internal
assets
in
the
system
that
allow
us
to
manipulate.
All
of
that.
F
That
milestone
has
been
done,
I'm
sharing
it
with
the
dev
dev
today
and
then
from
there.
We
are
doing
the
customized
user
interface
peer
mfi,
because
those
mfi
have
no
money
to
build
anything
or
even,
if
you
give
them
an
sdk,
they
will
not
be
able
of
building
it.
So
we
are
doing
that
for
them
thanks
to
the
grant
and
then
once
that
is
done.
F
So
my
hope
is
we'll
have
more
of
those
bridges
going
through
that
allow
us
to
take
advantage
of
mfis
returns
on
the
back
end,
because
the
treasury
policy
in
the
protocol
will
need
to
take
take
advantage
of
the
best
yield
possible
there.
That's
kind
of
like
the
current
short
term
to
midterm
roadmap
that
will
take
us
to
january.
B
Great,
thank
you
very
much.
I
think
it's
not
your
last
appearance
here
on
our
community
call
and
looking
forward
to
also
see
your
application
in
future
and
I'm
very
sorry,
but
we
need
to
switch,
and
we
have
15
minutes
left
just
a
friendly
reminder
in
15
minutes.
Devex
dao
will
start
their
community
call.
So
you
are
very
much
welcome
there
as
well,
and
now
I
will
share
my
screen
again.
B
Yes,
so
we
were
on
a
technical
update,
we
were
on
devex
dell
grants
and
now
over
to
you,
jake
tell
us
a
little
bit
more
about
casper
korea,
community.
G
Yeah
sure
look
well
thanks
for
having
me
on
the
school
and,
alongside
with
that
now
I'm
a
recent
joiner
to
the
casper
labs
with
the
well
structured
and
also
well
decentralized.
G
I
guess
ecosystem
of
casper
association
and
devexdel.
You
know
the
technical
updates
obviously
blew
my
mind.
Look
I'm
not
a
tech
guy,
but
I'm
more
of
a
enterprise
along
with
biz
dev
and
also
from
the
community
and
the
marketing
side.
My
focus
for
the
past.
You
know
number
of
years
have
been
on
growing
the
layer,
one
ecosystem,
I
was,
I
would
say,
the
co-founder
of
phantom
foundation
back
in
the
days
in
2017,
which
did
grow
to
a
tremendous.
G
You
know
success
the
past
year
or
so,
however,
obviously
with
market
appetite
given
not
so
much
great
these
days,
but
look
aside
from
that,
I'm
more
of
the
fundamental
growth
driver
where
you
know
increasing
the
usage
of
the
casper
ecosystem
will
be
my
primarily
main
focus.
Having
said
that,
you
know
that
the
focus
would
be
on
the
development
framework
and
also
from
the
community
and
exercise
specifically
in
korea,
but
also
globally
as
well.
G
Look,
you
know
to
break
things
down,
since
my
focus
is
just
in
two
main
concepts:
to
give
everyone,
rather
a
quick
update
on
south
korea's
scene.
Like
yesterday,
for
example,
the
bank
of
korea
just
made
an
announcement
to
you
know
to
to
engage
in
the
process
of
cbdc
project.
G
It's
just
a
centralized
currency
exchange
of
some
sort
in
south
korea,
but
there
are
some
key
players
of
enterprise
grade
solutions
that
are
providing
here
in
korea,
but
at
the
same
time
I
think
casper
does
have
the
right
team
and
expertise
and,
most
importantly,
the
live
tech,
and
that's
that
can
support
some
of
the
enterprise.
G
In
korea,
specifically
unlike
any
other
asian
countries,
korea
by
far
is
conservative
but
at
the
same
time,
quite
aggressive
when
it
comes
down
to
you
know
finding
and
the
only
key
handful
of
players
that
are
out
there
to
help
them
grow,
and
I'm
obviously
going
to
be
working
to
make
sure
that
casper
is
going
to
be.
You
know
one
of
the
top
key
players
there
from
the
global
sort
of
layer,
one
scene,
as
I
mentioned
before,
look
you
know.
G
The
main
primarily
focus
will
be
on
the
development
community
and,
having
said
that,
that's
also
towards
transparency,
nature.
You
know
we
a
lot
of
the
layer.
One
projects
do,
I
would
say,
often
have
tremendous
amount
of
work.
That's
already
been
done
and
also
have
succeeded
in
their
progresses.
G
Do
you
have
to
fail
to
communicate
that
towards
the
community,
so
my
my
focus
also
in
korea
would
be
to
promote
and
to
honor
the
the
greatest
developers
in
the
blockchain
ecosystem
and
help
them
genuinely,
whether
it's
from
the
capital
raising
perspective
or
whether
it's
development
falling
perspective,
whether
it's
bd
part
of
the
perspective
and
to
really
help
them
grow
their
ecosystem.
G
As
long
as
they're,
obviously
building
on
top
of
casper
on
that
note,
so
you
know
focusing
on
that
and
delivering
transparency
to
the
community
so
rather
telling
them
about
some
hackathon
events
which
we
are
planning.
The
next
upcoming
months
is
going
to
be
one
of
the
key
highlights
where
we
can
really
communicate
with
the
communities
directly.
G
Alongside
with
that
is
that
you
know
we
obviously
have
our
telegram
channels
and
and
mass
communication
based
so
on
being
the
person
who
can,
I
would
say,
be
live
24
7
and
to
communicate
and
to
educate
a
lot
of
people
that
are
struggling
to
understand.
Caspar
will
be
my
main
focus
and
yeah
I
mean
look.
I
myself
is
a
big
believer
in
the
defiant,
nft
and
metaverse
part
of
the
space
you
know,
nft
and
metaverse
is
having
a
tremendous
growth
in
south
korea.
G
Along
with
you
know,
roblox
zepato,
some
of
the
metaphors
hype,
this,
which
is
happening.
I
do
not
think
that
this
is
going
to
disappear
and
it's
a
short-term
hype,
but
rather
a
strong
growth
ecosystem
which
is
going
to
grow
in
its
own
nature
through
a
dow
framework
of
its
kind
d5.
By
far
you
know,
I
I
myself,
you
know
come
from
before
crypto
world
as
a
banker.
I
think
it's
obviously
not
welcome
so
much
in
crypto.
But
look
you
know.
G
The
idea
is
to
understand
that
blockchain,
its
nature
at
the
start
is
was
primarily
made
for
the
financial
part
of
the
industry,
or
at
least
the
core
nature
of
it
was
derived
from
the
crash
of
the
financial.
You
know.
Bitcoin,
for
example,
was
due
to
this
financial
crisis.
G
So
you
know
the
idea
behind
that
was
that
look
you
know
if
we
can
have
and
grow
casper
as
one
of
the
core
d5
ecosystem
of
the
other
lay
one
projects
that
are
out
there
and,
most
importantly,
making
friends
with
them
not
really
to
replace
or
to
kill
any
of
the
other
ecosystems,
or
rather
having
a
cross
bridge
part
of
the
layer
solutions,
and
can
we
being
able
to
communicate
with
the
other
layer
once
but
at
the
same
time
treasuring
the
existing
community,
but
growing
the
existing
community
and
giving
people
the
reason
why
they
should
be
joining
our
network
is
part
of
the
messaging
and
the
solution
which
I
want
to
provide.
G
Look
last
but
not
least,
specifically
in
south
korea.
You
know
I
mentioned
the
enterprise
adoption
defined
entity
focus
and
the
hackathon
development
community
focused
that
are
out
there,
but
it
does
break
korean
itself.
Do
have
sometimes
a
very
obscure
environment
where
you
know
it
is
a
korean
language.
You
know
a
separately
non-english
speaking
country
along
with
that.
G
Not
so
much
I
would
say
communicating
along
with
the
other
countries,
including
within
asia,
of
its
you
know,
it's
a
country
of
its
own,
so
the
the
idea
would
be
to
you
know,
help
along
with
the
you
know,
exchange
listings
or
whatnot,
and
to
to
make
sure
that
both
you
know,
centralized
exchanges,
sections
and
decentralized
extension
of
the
casper
ecosystem
will
grow.
Working
on
the
fiat
on
and
off.
Ramps
would
be
also
one
of
my
highest
priorities.
B
A
A
E
Have
a
thought
on
the
on
that,
if,
if
like,
if
I
could
say
so,.
E
Because
but
like
one
of
the
one
of
the
grants,
dxd
has
been
been
working
with
is
is
casper
is
casper
sign,
which
is
basically
assigning
to
and
attesting
to
to
to
documents
on
the
blockchain
that
absolutely
could
could
work
for
for
establishing
copyrights
and
and
trademarks
for
for
later
reference.
E
So
you
know
like:
is
it
a?
Is
it
a
form?
Is
it
a
formalized
service
that
that
is
one
to
one
with
a
with
the
more
centralized
way
of
doing
business
right
now?
Probably
not,
but
but
you
know,
like
the
presence
of
of
casper
sign
and
the
ongoing
the
ongoing
work
that
the
digital
strategies
team
team
is
accomplishing
with
regard
to
that
will
definitely
make
casper
a
heck
of
a
lot
more
useful
for,
for
that
than
for,
for
example,.
A
Ethereum,
thank
you.
Tim
no
further
questions
from
the.
B
F
Doctor
adam
yeah,
I
just
wanted
to
take
this
opportunity
for
a
shameless
plug
and
ask
the
community
if
anybody
wants
to
help
just
come
see
us
at
dln.org
join
our
telegram
group.
This
is
by
the
community
for
the
community
project.
So
all
all
hands
are
welcome
to
come
and
help
be
part
of
the
next
microfinance
revolution
on
casper.
B
Great,
thank
you
very
much
all
right
ashley.
If
you
don't
have
any
questions,
I
think
we
could
conclude
the
meeting
for
today.