Never Lose Your Seed Phrase Again w/ Peter Volnov (HERE wallet & HOT Protocol)

Captions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.

1. 0:00

   nothing we say here is investment advice legal advice life advice or representative of the views of the organization we are part of or affiliated with see chain abstracted docomo welcome to chain abstracted it's a podcast brought to you by some people in near uh my name is Jared I'm one of the co-hosts I'm the head of content at the near foundation and Alton was the other co-host and in this episode it's

2. 0:23

   with Peter the co-founder and CEO of here wallet and also hot protocol which is really interesting we go really deep dive into you know what a near wallet is and what the here wallet does and all that then we get really into the the New Evolution which is the hot protocol and how Peter and his team over are using chain abstraction to really do some interesting things so we're really excited for you to hear this one and uh

3. 0:47

   hope you enjoy thanks for listening we actually a pretty old team on the ecosystem we started to build near uh in the spring 2022 near was 20 all people was excited we was looking at the ecosystem I was think oh my God this ecosystem has really poor user experience with the main wallet and this is opportunity for us to develop there also we as a team we just um we just close our previous company we was looking something new to do uh and uh we

4. 1:20

   was ready to build something new uh and there was super super nice story we was in the first near hiker house ever in Miami in May 2020 to and we randomly met the guy we had a super bad MVP which works only in my hands you know if I click to the Buton and we met the guy Dean Thomas and uh he just said okay guys I like what you're doing here's a gr which I can give you in one click just make sure this is a Y Mail and he send it as

5. 1:49

   50k like literally for MP with no company created no paperwork just we was very excited about it we said okay that's a really good point to start and uh we we we was developing on this ground for almost six months and uh we created the first production application on it we launched it in app store um then we raised a little prit in the in the Autumn and we started to develop more and more and for the last two years we was following what's going on at crypto we was keep Mo keep moving on the bare Market exploring different like

6. 2:23

   directions with a phone number transfers with some more uh like bance connect different directions and uh we finally came to this point uh in this January we had really lot of product in the we had on staking we have mobile wallets we like phone number transfers link drops many services inside we was pretty we was was the M team who created metamask snaps and uh this things when the chain obstruction started we figure out about this stuff with a hot protocol and then

7. 2:57

   um we came to with tell and just All Things become to be together after which we was developing in different time of the last two years that that Hacker House I was there man that was a fun Hacker House in Miami we still have a birthday in the day of the like company birthday we did last year and it's coming soon in the month we twoy old start up with probably the ERS and the 95% of the start and uh this day when we got cross 50k was that's great man

8. 3:30

   awesome so I guess now you have the you have all these products that's built on the new ecosystem I know you guys have announced the hot protocol recently um maybe tell us more about how you're thinking about sort of chin abstraction your thinking and and how you're sort of think about expanding the the the wallet experience you built which is your wallet is one of the best ones I've seen

9. 3:52

   in the mobile and to the to the other sort of ecosystems yeah uh so ch instruction in general just for context for um for people who listen the podcast uh this is a way how you can control some account on the one chain by using a smart contract on the other chain for example imagine you have Bank of America and you can manage your money at Bank of America from your Chase Bank so you have only one entry point you have only one bank account and you can create and manage

10. 4:24

    account on all different chains this is what near called chain abstraction there's a different technology how you can operate with it uh the one of M signature but what's also created a new new created uh near solve the problem how you can create independent uh independent notes to make this uh transaction on different chains so um super simple the problem which we was in front of for the last 10 years if you're talking about MBC wallet MBC wallet means you can uh use a different

11. 4:59

    nodes you you you don't want to keep your seat phras on your phone you can split it to the different poid dats and these poid dats control by one company coinbase or binance and uh it's never was impossible to make something same experience on a blockchain because you have to ask some guys please keep part of my private K and you have to be extremely careful with it especially if you put a lot of money brige money or

12. 5:23

    something like this and what what Neal Sol they they Med they met Works open so now anybody can open B dats can join the the network and uh it's going to work so the network can be decentralized it should not be controlled by one company and uh this is a really really really good cool technologist so after after this we had a conversation with many people in near and I said guys this is a r Revolution Let's make a wallet on of it because you can create a wallet with

13. 5:56

    a replaceable seat race or you can create a wallet with to free with transferable accounts because huge wall a lot of a lot of wallets have unrealized value in a reputation and a frozen tokens and people cannot frustr it they cannot make make benefit from this wallet and um the feedback which we got from near was that we primary focus on defi now and there was a lot of Technology bottling why it's not going to work with wallets especially because it's a big delays it's a small capacity and uh

14. 6:30

    uh it is you you have to you know some other cases why it's not really good for wallets because it's cor millions of users only wi chats so after this we figure out that we can make a for near what near does we can change some stuff which is critical for wallet use cases and uh we can we can launch theol what is actually NPC Network focused on wallet use cases interesting so you took near forked it and tweaked some things and made it more geared towards wallets and that's what

15. 7:05

    hot protocol is yeah yeah yeah yeah oh cool dude that I I I get it explained okay I I hope it was not so far oh no no if if I understand it we're solid that okay okay yeah so it's not dally for we had to change some K stuff because there was a a principal bottleneck but I think 90% ideas say uh so and but we are we we allow users to make transaction with about like 0.5 seconds and then near it take about 20 seconds so if we talk about any

16. 7:44

    imagine you want to buy now and you have to waake 10 blocks on the base to actually execute your transaction so this is a PR like it's we cannot build wall in is Baseline and the protocol now or we we have a T net right now we we almost we have a committed pretty Huge lot letters we're going to launch it in a couple weeks uh and beta testing and people will be able to actually create even valets on top of new new product

17. 8:16

    and it will be like it's it's will be not a dam which sweetcoin showed you with was one transactions it will be millions of users who will actually create it in a telegram wallet in one click uh it will be the two month ad option it will not be a damama so okay that makes sense so does that mean that for so a user comes in um they're using telegram let's say so your app store will not only have new apps but also have other apps

18. 8:47

    as well is that is that the is that the case that you're going for like the GT app pretty much yeah this is a part of the case which usually vmit so you will able to to trade meme coins on the different chains from you near to be fun allm because thwn and salana they have a little different signature uh uh different Pro type but we will we will solve it in the future so your wallet will be near and evm chains so do the

19. 9:18

    chains have to the do the apps or the evm chains that work on hot protocol have to build native than that or will they be able to almost just like Connect into it from what they've already built from around the ecosystem yeah yeah we the the her wallet what we're going to be we're going to be a main wallet for wallets which was created on hot protocol so if you created this NPC wallet you need a special interface to communicate with your we will give it

20. 9:42

    for you so it's not near ebm it just for you to communicate with h protocol and then you can explore any application uh and uh no Cur application will work super smoothie if you support metamask you will support H accounts so you you should not be you will be use unit swap inside your telegram account or you will be able to to to move your account to extension you can connect this extension exactly same as you do with metamask and uh you can work with many application in B and uh

21. 10:15

    this will be from your uh from your M account which is decentralized and which you can add more security you can replace your seat race and in the future if you will get some like locked tokens you will able to transfer your account with all your lock tokens do ERS which is very valuable for many use cases what's div Vision here we talked about sort of the with Jared with one of one

22. 10:38

    of the folks that's zachi about so super apps he had an interesting thought about super apps so are you going towards that case where I'm just trying to I'm trying to like you know like the older ones in Asia and in China you know you get in and then you kind of use this one application to do everything right is that is that where you're trying to go no I think that what we want really will

23. 11:01

    be happy to see is an open which people can build the independent stuff and now we are happy to support independent teams like like Mi for example they did if you had swap Blue by amount of Traders yesterday uh that's very interesting this is a Marketplace on near and they Blur by mod of Traders because it was connected with our ATK we want to build a we want people to build their own projects support them develop them work with their own Community by using our stack of technology and we are

24. 11:34

    happy to help them with marketing and the first steps because we have huge amount of people but we would be really happy to see teams who develop something and who are sustainable by themselves so we we do not want to build super R it's actually now we do and that's very painful because neur system has a really limited amount of project uh we have to rebuild a lot of stuff by ourself and

25. 11:57

    this is not what we want to be focused on on it's a lot of a lot of Co based different features and I believe that if some focus on some part of the product it's can be way more um productive what would some of the areas be that you think that would be great for teams to focus on right like people are listening to this like hey I want to build on near I want to build with hot protocol what should they be thinking about like for now see I think well new stuff which we

26. 12:23

    can build we can build a uh Marketplace of accounts which you can like trade you can or buy some accounts uh you can create a cross chain swaps like or on top of the of the whole accounts uh you can create uh new authorization methods like 2A social recovery like some of procedure how you can you know if you're not active for a year your account will be transferable to your grandma or to your child uh something like this and uh we can actually like

27. 12:55

    now your account can be transferable it's a huge value for many products and I would be happy to see more application focus on this part and also for sure if we talk specifically about telegram uh I would be happy to see a big players over there like I would be happy to see open here which you can click connect mask and they actually connect with a h and you just sign transaction inside telegram so we want to replace telegram wallet on the evm and near use cases so

28. 13:25

    p p the telegram wallet if we talk about the H product don't push telegram wallet inside telegram for f and they never looking for evm and what we say I guys ecosystem is huge if you want to use thwn they have a great product if you want to use evm near salana in the future click here yeah like that's that's where I'm thinking like this like this chain abstraction stuff is getting really interesting is that it really will connect all the

29. 13:56

    chains and there will be like Tech Stacks like yours right now and other ones that are going to be able to just kind of transact across all the chains so that will almost be I kind of wonder how that will affect the entire web 3 space it'll be interesting when Once Maxi Maxi like doesn't matter anymore I think it's is a very big step I actually want to I I think it will make a lot of stuff way easier for

30. 14:21

    people and it will make important K you like right now new wallet is a is a great place for people to start no gas fees free drops free mining you can explore and now more than 400,000 people deposited their ballots after they try many stuff and I and we started when we had about 1% people coulded balance and now we have about 15% with positive balance because people are happy to to to try my stff yeah and it'll just be like products are gonna

31. 14:53

    start like when people start building they're gonna be like okay like I always using analogy YouTube started not because of big movie studios but because of YouTubers the first five to 10 years I mean I was there like there weren't a lot of people it like wasn't cool like movie studios weren't doing YouTube now they all focus on that I kind of feel like this web 3 near system has a similar thing where it's going to be these like the near projects like yours

32. 15:17

    and other ones are growing and then as they get to Velocity then people will hop in and be like Oh yeah this is the thing to do yeah yeah I think that um for me I'm more think about that start a technology layer so it's like more internet internet there's no big fans of Internet they're just users and internet helps to many people to build really cool stuff on top of it and we all pay subscription for internet right so people who made it are probably very

33. 15:43

    happy like look at Tim in 500 S&P 500 yeah but I don't see like many people like actually big fat or looking for what what's going on in T-Mobile on Twitter no so I don't think it will be the same as YouTube It's more like technolog l in that case you're actually rejecting the fat fat fat protocol thesis which is the if you know it fat protocol is a 2017 2018 thesis talking about all the value Cru happening on the protocol level and

34. 16:14

    nothing happening on the application Level so you're saying hey applications are the most important thing let's forget about the protocols like that's just going to be abstractive that yeah absolutely absolutely like us your experience why we ask people to keep the seat RS is it is it like root passord from your life and we ask you please keep it in your notebook you know please when which should not be we should not

35. 16:37

    do this for users we should say hi guys L with your EMA mail if you will need in the future you can change your security level from now you can try these guys if you want and that use products it's it should not be that painful I I think the value is going to ACW in more decentralized than like Web Two it's very much the products get it like you know they're making a lot of the money the corporations the

36. 17:01

    shareholders in web 3 I hope that like okay you got the protocol level that's getting its fees you got the products they're getting their fees but then I also hope that users because of decentralized ownership like we own our own seat freay or wall like we own our own there there's value there like you said earlier there is intrinsic value that we don't want to just throw away I'm hoping somehow value gets put into

37. 17:25

    that as well as in in web 2 we pay for that with data we're just like mined heavily in web 3 we could maybe pick and choose where that all goes value there because web two really runs off of ads and like the exploitation of data yeah yeah um this is a really longterm Vision so I think that that's web Tre is still uh we should not try to you know make all stuff on WE Tre and we do not need use EI everywhere so there is only it's not like we do not probably need a um

38. 17:59

    food delivery with blockchain you know this St works good and I think we we we will be replace a current product which works good right now but I think it will open a new Niche for new project and we more Niche about like your Finance situation in general so I my my C understanding is that the we still will be pretty isolated and there be on projects and there more focus on like Financial Independence on the finding probably it will be more like like um changing you know uh current stock and

39. 18:32

    other stuff market then it will be really change the real life for like for food delivery um so this is what my C understanding at least the next 5 10 years uh I think that blockchain has a great things which it can help a lot and the people really really need blockchain like like stable Point ways for example or like when you want to transfer money when you die to someone there's a lot of problems for the day which exist uh I

40. 19:02

    don't know if you in United States it's way easier than in the world because a lot works but I have a bit more of a approach question right so we we've been Jared and I have been talking to a bunch of folks that are um that are doing ch ch abstraction in a different way so some folks are trying to do like L Zer if you think about it they're trying to do a messaging protocol and then you

41. 19:26

    have warhole which is more like a bridging solution then we have obviously you know you guys as well so um can you give us like what are the benefits of doing the wallet based approach which is what you guys are doing currently the NPC side um just to sort of like helping us to map this whole spasic chain abru and um how why you think it's the kind of the end game for you yeah so uh chain obstruction solve uh different problems for sure it's all bridging it's all the

42. 19:58

    stuff but uh it also can the root problem which we solve is a ke ownership and this is a really really Co T which we have and um most people think okay this K ownership will help us to make a cheaper reach or cheap swaps or other stuff but we say k ownership will help people who is the K owners for today of course it's the kind of protocols but most of key owners are you and me and the it's a huge Niche which projects not

43. 20:32

    focus on and we we need some super special features for example with $1 transaction would be signed for where we want some privacy we don't want to make public that my account is controlled by empathy I want to keep this this a prior and uh my my understanding this Niche is not what people care about that much and we also have really good bed line to help to help to um chain absortion Stu to the users use case the wallet use

44. 21:03

    case is very important to make a ownership technology available for users and this is new use cases which we used to talk about and it's nothing what people can do with Aur chain abstraction or with the curent op produ CS what to do with keys is not something that yeah a lot of people are discussing right now like being able because I know near wallets we can like rotate our keys and stuff like that but I think finding like losing your seed phrase and stuff being

45. 21:29

    finding like a a very easy way to recover that is that Al that that you were kind of hinting at that is that also possible with this kind of stuff because that seems like a pretty important problem to Sol so what we make we do not make final like recovery system is it one of the use cases what we create we create a wallet where you can gr the subar contuct assess to recover your account or to move your account ownership to some other person and uh why important because this smart

46. 22:00

    contract can be controlled for example by multi seek by social recovery or this smart contract can be controlled by Apple where you can put your Apple ID it's on all on user side for example I trust Apple for example and I can say okay I would Grant to this smart contract assess to reset my account ownership because I know this my contract is locked and only can call if I sign something on my my Apple ID you know and uh us users if they create hot

47. 22:30

    accounts they will able to set up tofa with SMS with telegram account recovery with apple social recovery all that like Aide products it depends what your trust is and uh all this company label provide for you service like reset replace transfer your account if you will lose your asset and what other great stuff which is about MPC that for example I I'm worried to give my full control but what hot MPC let you do you can put some delays for example my account can be

48. 23:00

    recoverable if app I confirm it in apple and I have zero transaction for last seven days so even if my Apple account will be huged but I still use my L account or I see that my account was hacked I can I have seven days to prevent uh to prevent my assess movement so you what it sounds like what I'm getting from this is that you're trying to you're you're targeting sort of user issues that like were kind of Pitfall like losing a seed phrase like I know people who have lost seed phrases I've lost you know like these are

49. 23:33

    important things that are like for mass for like get past the uh people who are super into it to go to like the rest of the world these things need to be solved so you're working on those so I like that I like that delay of seven days that's a cool use how I ownership is a 95% reason how people was scammed in a crypto is it count ownership they put the SE in Google forms they forget it

50. 23:56

    they like all this stuff happening all like they just cred the wallets and forget to make a screenshot of SE tra this actually people people spend trillions of dollars to make the I it's super good but the user will just put his seat phrase you on the paper which some H worker will be just put in the garbage and this happens every day sound a few Cas big time like the other day I was actually uh I was like cleaning and

51. 24:21

    I found out like terot wallet I was like oh no way it was like hidden I was like well worthless but it was funny cuz I was like there that is that you know like I find them every once in a while so exactly we have a great technology we have a big use case and we have millions of users and this is a great time and great momentum like your sh abstraction to just together and create some really cool awesome so just building on that

52. 24:49

    point so let's say some Builder is watching let's say I'm Alton from Turkey I'm watching this podcast and be like hey I really want to be part of this hot protocol thing uh what do you like to see like what are the applications you're like well you know people I don't have the time right Peter I'm running around I'm building this thing I don't have the time but I want people to build these things on hot protocol what would

53. 25:15

    be those right I mean like that's kind of uh giving users you know giving giving the developers some sort of inspiration you can create your own recovery service for example people will pay you for Recovery of their account and you will make all this like proofs for them you can create multipl of account so people can put their account with lock tokens and and trade them if you want uh you can create um this

54. 25:40

    service where you can ask people for limited access and you will able to sign transaction for him for example to trade on his side or to make some quick deals or nftp ship or chain uh and you us should will trust you because he only Grant you limited asset if you're on new system it's don't doesn't sound so excited for you because near has this really cool account abstraction on the prodoc level but if you're talking about

55. 26:05

    evm you you should remember that people can never change the seat rates can never give limited assets and uh it's a huge Pro that's why uh this product doesn't exist for now and I believe that if you're developer you should really Lo in use cases but you can get limited access and you can AC playing user on chain and give him additional value from this look at like super simple example account Marketplace huge leash

56. 26:37

    imagine like all this account which was created for like someon chain activity have assess to some f collections protocols you just can trade rent one of them or you can uh sell your account for example your account probably have unrealizable value you have un loock tokens which you can cannot sell for the next four years and you need money right now secondary Market is open for you you

57. 27:01

    can just sell your account ownership for example like um I know some guys who has like AAL Lo tokens and they think like they they want to the price now is good but they have still like four years to wait and they're ready to say I will give you like 50% discount for now and I will just can and now they cannot because if I will give you my seed phrase what next yeah first well yeah and then it almost like okay so then can ebm wallets and like even Bitcoin wallets will they just

58. 27:33

    kind of mirr to a hot near wallet and you could trade those accounts too yeah so in that way you could do Bitcoin trades for basically nothing yeah yeah yeah you can you can for example you can send money to some Bitcoin account which is like $10 on bitcoin and I want to send you $10 and they can just give you access to my Bitcoin account without making real Bitcoin transaction change I

59. 27:59

    just changed my ownership and now you own my 10 $10 account one second inside your wet and there and then yeah man Alton what do you think about this from like a tech point of view right like because it is the chain abstraction that we've been talking about in these episodes but is it as simple because it sounds very simple to me and that's hopefully a good thing but is there something I'm missing right no I mean

60. 28:29

    it's a swap right you're swapping the I guess the keys with someone or you're giving the key rights to let's say Peter to do something on behalf of me um I see that point I mean there's a lot of things right I mean you can also do I guess cross train anything cross train right Feer I mean do swaps or as long as you're you're you know you probably have some ideas exact this is a little more use case which near original gen

61. 28:53

    Direction try to focus on because uh you can use what PC for this for sure and this will give some more benefits but nine abstraction will be more independent so you can make it fully on CH with no contct like from that user side so I think we talking about Swap and breach like a real money new obstruction is a little better solution but if you're thinking about I want to create a wallet I'm ready to pay for each transaction a little in a spot for example like one C because I know that

62. 29:24

    if I go get L tokens for example for 5K I will sell them I will not have to wait years and this is the why people probably will use her what wallet it's like a just better wallet you know you more secure and if you will get some wue you will be able to realize it and this what people want to see no imagine you buy a car which you will never able to sell and you can pay a little mly

63. 29:52

    subscription because you will able to sell your car in the future huge difference right you know I almost feel like calling things wallets really does a disservice to how much they do I I think like a wallet was just like what they had to call it back in like the Early times because it was like it worked but now it seems to me like they've just like evolved into like something way cooler wallet was not changed for a long

64. 30:17

    years like defy new new protocols every year we still use a scene breaks which was created uh 15 years go and this industry have to change um we we will be happy with near NPC with with with with a h protocol with working with near PC to to build Le in this direction I think that now the technical problem is solved and we just have to be about Mass adoption and we are good guys to

65. 30:48

    start this Mass adoption and that's a good time to do it I have a bit of a technical question but okay we're thinking about seed phas I mean phras are you know just a piece of cryptography that allows us to have kind of public to private key are we just stuck there in terms of just using public or private key or is there a better way that we can do authentication without you using any

66. 31:13

    seat phrase at all right it's or is there other piece of technology that we can use for example today for unlocking that NPC is still a you know it's still uses cryptography yeah MPC still use cryptography but on the user side users can say okay okay I can add additional assess K to my account by by this company and this company can make your fingerprint check with there are like

67. 31:37

    voice ser and on the user side you will be able in the most cases the trust will be nice for you to use at that moment of your account history you say Okay $5 I want to sign my production by fingerprint and on any device and you will log in there you will ask Apple service they will give you signature you will after to MPC with a signature and this MPC will grant you access to your

68. 32:01

    root G and uh in the future you say oh my God now I have I have $5,000 probably apple is not great for me okay I want to add more services now I require apple and SMS and I want or like now I have 20,000 and now I want to see my private key and you will able to do this as well so this is the technology do not change by default if you create wallet tomorrow they still with SE rat but it will make you opportunity to customize your assess

69. 32:33

    and it will for people will have that much security as they need tiers of wallets makes so much sense like if you've got like under $10 on a wallet ear planner it doesn't need to be super you know the security should match the level that is needed right and also level of people education because many people have feel a lot on Telegram wallet people would never put their Facebook password to the form but they don't care to put their SE F from

70. 33:04

    account when they keep $800 to the gole this one and account ownership you now you you will be able to transfer it to your family you will be able to do a lot of stuff with it because what if you have like you know you did well you've got like bags and then you can't like you know then that just kind of goes on and stays locked on the Chain forever two great stuff which my personally like about C product Cod if you create

71. 33:28

    account once you have to use H for your entire life as you pay for gas in ethereum you also have to pay for gas in h to make this sign transaction for you and each transaction which you sign is actually transaction of near protocol on background when you like SP this so if this stuff will be popular near like internet it will be process M transactions where people sign any Stu because they will use their scroll

72. 33:57

    account which they just they're ready to pay a little more to make this account like better and transferable in the future and near has a million milon transactions so all these people actually uh buy pie of near to sign all their transaction all other chain and this can be very huge if we will if you will make this popular that maybe you can even use your knowledge to to prove

73. 34:22

    that you're the person um that you you know you own this wallet right how do you how do you see maybe like worldcoin doing these most of this stuff worldcoin has this you know interesting approach uh are we going there or we um what do you think or is there any any future where you work with these providers that have authentication right uh just an interesting question my mind was just kind of going there m personally uh I'm

74. 34:47

    a little skeptic in this direction I believe that all people will use their in the best way their bank account to log in and cryptocurrency is not that much about privacy now it's more about freedom and you you you are your person you pass kyc everywhere and you you do not keep your C secret because you want to keep your account Anonymous uh you just do it because it's the only way how you can so I don't believe we will use word coin to after right I believe we will use Google to after right in

75. 35:19

    a and the best way we will use Chase bank account to after Rite another crypto account and it's not bad because you can always change it work it's like it's not bad if you as a person trust to bank to recover USS it's absolutely understandable and it's probably I trust to chase more about like these guys will not uh they can bosy but they will not scam me and and if we're talking about authorization I believe that we can make

76. 35:50

    this with a current existing up two providers we just have to be sure that user always has his seven days before his assess we be reset right so yeah I like the 7-Day thing for sure um as someone had their wallet drained it's not a good feeling yeah yeah yeah absolutely and if you're really paranoid you can put six mats and if you will lose your all your accounts you will go to Chase back you will say I'm sorry they will recovery approval and you

77. 36:18

    after six months you will get it back what are the biggest hurdles you see in the next 3 to six months the huge problem which we're solving right now is that we want to make the network is utilized and that means that any node potentially can publish part of his priv ke and the problem is that if if not publish the private K the protocol uh after the some thrash cold will become less secure and um there's a

78. 36:49

    different approach how we can make care care rotation how we can make some like users keep which is has to keep private his device different approach or economics for example while it doesn't have to take a lot of hot to be parted and they cannot take them they can only get Revenue so um I believe that this is the biggest challenge which we solving right now we have some progress but if we

79. 37:14

    will find the final solution which we are all happy about this this will be like Unstoppable you know um yeah talk about like I'm on telegram all the time for years never even thought I would be doing telegram walls and here I am like yeah I don't know if you saw the first episode that we uh did on Chan trctor that we dropped last week it was me we were all like claiming our hot during it I'm I'm happy

80. 37:39

    to sh like found few wallet I'm so happy like as a product of the wallet we did a great job with Master adoption in my opinion and uh if we like you know we're talking about different stuff we talking about the wallet which is independent and they can tell you more about the wallet future and we also can talk about SC protoc which is a viser technology and this is separate things but I am

81. 38:02

    proud for both of them it's like near wallet in blockchain so we need a wallet for blockchain but the blockchain is not a wallet product gotcha so maybe then um to kind of wrap this up we can pivot to just the wallet aspect because the hot protocol stuff we've talked about and it's really cool and chain distractions there and it's it's a bit more it's it's in the it's in the process of but the

82. 38:28

    wallet we can use today download it what is your idea for that in the next 3 to six months or a year yeah so the wallet which we see in telegram we want to be uh a primary wallet for telegram nonstem so we want people to use it to make drops inside T ground to make nftg sales launch New Meme coins make some public games we can make it in a chat so people send money on evm chain inside hot wallet so

83. 38:58

    this ecosystem grow really huge and T Grant a lot of attention to the telegram ecosystem and we believe that people the t is not us for today for people to explore the web tree and uh we we want to be there for the for these people uh and this is about Telegram in general about the web stuff another one we believe that our mission will be on board people to the hot prot we believe

84. 39:22

    that we will be focus on people to educate to create great B experience so we we we want to see 1 million emm users on the H protocol and we will do our best to to to achieve this point and uh in the long future what we want to see we want to see like the uh what protocol actually have a commission for the wallet which is on the protocol level and it's me if you build your wallet and you connect hotest DEC you will able to

85. 39:53

    get some fee from each usual transactions it's it's a really good technology so it's what we did as a veral in telegram people unboard new people and then they receive specifically income and this referral system will be on a COR protocol and we the wallet will be earn money because every user switch time transaction WEA our front end we will actually receive some hot coins to here wall in

86. 40:17

    comparation and uh if this hot will have some value uh we will be very happy and we will not put advertising we will will not promote scam projects we will not do anything bad for users we will want them to have the best experience in their life working with HPR because every time they make transaction on F we will receive part of it as a commission from the from is other CH commission cool yeah um we built A Shard dog on it Joe

87. 40:48

    just showed it to me like so we can do a Shard dog inside on the the hot protocol and I was like oh whoa It's kind of almost like scary how it's just like bloom bloom and so then he made a puzzle that is too hard to solve so we're trying to figure out what to do but it's just been like an interesting he said from like a building aspect it was very easy which is cool yeah it's a short do

88. 41:13

    you should try now we do like what we did with near social with other projects you should try to launch fire drops it works very good with with the new projects now if you experience with which projects which we used to Louch in ground some of them was more like Med pretty success for now they have 400,000 NFD transfers jeez that is wild amounts of numbers and uh does it does the storage cost the save and everything because like that's what we're getting like storage on nfts is real it's no

89. 41:41

    joke so like if I'm minting on using hot protocol am I paying storage fees to hot protocol or is it still on near no no it's fully on near so on hocol we only keep your case we do not information we do not have any blockchain so it's more like a filecoin filecoin provide new Services you it's not a blockchain it's a service which and we gr you service of decentralized NPC Network this is what

90. 42:05

    it is so this is a usual IC but with open ATK which you can like make this all this Logic on CH and which is not controlled by good comp that's what like where should people go if they you know if they listen to this podcast and want to learn more about hot and your wallet uh what would be the best place the best place probably hot dow. where you can where you can explore some documentation and uh start Min there probably hot you can if you're a developer read it more about DK we're

91. 42:44

    still preparing a lot of information for publish so right now unfortunately you cannot read that much because well it's all good enough for internal but to publish it we have to do some like preparation to make this all content moreable and it's not ready for today so you but when podcast will launch you probably be able to find way more information for you there cool cool all right well then like I think one last thing is there anything else that you want to share right now

92. 43:16

    and say before we like wrap it up and say bye my what coin nail it all right love it man