CENTER STAGE - Day 1 - illia polosukhin: The World Reimagined

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

1. 0:03

   um i want to welcome up next ilya paulus huhin the co-founder of nir i would see our master and lord here ilya please give him a warm welcome hello hello well it's awesome to be here it's uh a pretty dramatic change since when we started when we had we were like sitting three of us in a small office in san francisco and now we have a kind of this huge conference this awesome event and thanks for the team that put it all together please give them a huge round of applause

2. 0:51

   so i wanted to give kind of quick overview where we are and then give you some ideas where we're going so uh to kind of leave you excited and wanting more so where are we right it's been about a year since we launched uh near permissionless mainnet right it like the vote passed on october 12th we had a kind of a community of validators and all the delegators voting that you know near should launch tokens should be transferable network should be live and so since then we had over 40

3. 1:24

   million transactions we had over a million people accounts joining the network and uh over a hundred thousand people who've been one way or another following what near does and this is amazing and even more exciting we had over a thousand people monthly building something on near right we have people coming and doing really cool stuff on the network and many of you are here but

4. 1:48

   a lot of people around the world are you know some of them couldn't make it some of them are sitting down and still building so super exciting over 200 projects 200 projects that are building some cool stuff across the ecosystem we also have over 200 dows i think already 300 dollars while like while i was making the slides so we have ton of people who are organizing using the near

5. 2:11

   to do some cool things around the world and over the past year we've pretty much been kind of distributing and funding projects dao's kind of ecosystem things infrastructure and spend over 45 million dollars and this would be important uh later so this is awesome but like why are we here right what are we trying to do with nir and so many of you might have seen this before i've i've talked about this but kind of just to remind what are we doing we're trying to build a world where all people

6. 2:43

   have control of their assets of their data and and power of governance and this is what we call open web world you know people call it web three or three from my perspective is confusing but this is a place where you know like the users is in control the kind of you have the ability to own your stuff own your data not rely on some third parties to give you services but actually able to participate in the economy directly

7. 3:15

   and kind of the way to think about it right it's it's built on three pillars right there's you know assets data and governance and so there's three pillars there's a finance pillar right the d5 the open finance that gives us all this power right like the blockchain at the end is financial incentivization mechanism that allows us to build those cool things but it's not not just that right there's a lot more things going on and so the other side is kind of the

8. 3:40

   creator side the passion economy side the ability to kind of people to create new economies through kind of data through social networks through creation and then the third part is communities right at the end the blockchain actually is not about technology it's about the community it's about the people who are here and so dallas is a way to build these communities but obviously you know

9. 4:03

   we use all kinds of methods to build actual communities in the real world and so all together there's three components right is what powers this vision of giving kind of this power to people right and the kind of the idea is that near now has all of the three components built out ready to use and ready to kind of build new greater things on top right so to start with we have financial

10. 4:28

    components right a set of kind of basic um tools and apps that you can use to build your financial financial systems and so obviously like probably you know a bunch of them like i don't have the full list here but the idea is you have you know decentralized exchanges you have ability to launch tokens you have ability to kind of secure the network while be still liquid right with liquid staking and you and borrow is launching kind of in in a few weeks with ability to land

11. 5:00

    and borrow from uh pretty much from pools and pretty much maintain your positions and things like that and so all these protocols right and there are more to come they create this like infrastructure the foundation to build the kind of builds a financial system that is inclusive that is gives power to people on the other side to really do what they want on the other side right we have a really awesome kind of creator space right and

12. 5:31

    and protocols that are powering that and so kind of there's a ton of guilds and i didn't list all of them that are pretty much helping creators around the world to like realize their vision to bring it on chain to kind of fund fund their way through to learn how to kind of use blockchain right human guild like they're here createbase is here uh kodama is here right all of those folks are really out there working with people figuring out how do we kind of make creators sustainable and on the

13. 6:03

    other side you have platforms right that are enabling this right we have min base and paras min base is you know is actually located here in lisbon and uh present here check them out and like they are providing you the platform and a place where you can build this kind of exciting applications right and so these are else infrastructure right like same as you know taxes and and

14. 6:29

    lending is infrastructure for creating financial tools around your kind of applications and ideas these are infrastructure to create kind of um non-fungible tokens but also like more generally data that's controlled by the user right like what non-fudgible token is is this idea that as a user you're controlling the data you're controlling the distribution and you're able to kind of have this communication with the original author of this kind of creation or or whatever this nft

15. 7:00

    is programmed to do and so this kind of is examples of this of this enablement that we already have and then the third pillar right is daos is this and like from my perspective if you if you heard me talking before dao is like a very misleading name because it's not very it's not always decentralized it's not very autonomous and it's definitely an organization and so i love the better name is digital cooperative it's this idea that you can put together people

16. 7:34

    in a digital world and organize them in new way and give them kind of way to like make decisions spend funds invest and do all these things in kind of in a like easy way transparent we have actually now a telegram bot if you haven't seen this it's super exciting you can create a telegram group you can add this telegram bot and you can pretty much create a dao and vote on stuff

17. 7:59

    without leaving your telegram right and the experience is amazing like we have one of the dows like that been using this and they're able to make decisions on things and spend money and allocate funds and decide on like launching tokens and stuff like this from from a telegram within hours right with like 30 people in the group it's amazing and so all of this is powered by sputnik down

18. 8:23

    and aurora dao and again talk with jordan if you're interested in learning more but this is idea that you can pretty much create new types of organizations right you can go beyond what like a government pretty much said this is a company this is how you do the company this is nonprofit this is how you do nonprofit like you can now build whatever organization you want you can have multiple types of shareholders you can

19. 8:46

    have you know nft as a way to permission who can do stuff you can set up permissions you can do all the things you can coordinate kind of who can contribute and what they can do pay out work there's really cool application called raketa which is also here that are pretty much allowing to do streaming payments and pretty much you can have a doubt paying salaries to people by pretty much doing once approval that

20. 9:12

    you want to pay salaries to those people and you don't need to do payroll anymore for anyone who's run a company and done payroll so all of those things right are now possible unchained super easy super cheap all works and and we already have community skills and and projects that are doing this right now like there's folks that are using this to actually coordinate their you know large projects

21. 9:37

    or small communities there are you know investment funds and like refinances using it uh dowcubator just launched if you don't know about it check out docubator if you want to launch a dao you can apply for funding there so all this kind of is uh examples but like ecosystem is larger this is actually an older screenshot i haven't i haven't found the newer one because like the ecosystem is growing so

22. 10:02

    fast but there's like a ton of different financial applications a ton of infrastructure a ton of gaming as well which i didn't mention but if you want to learn more about gaming talk with human guild and a ton of more communities and guilds that are doing really cool stuff across the ecosystem right so this ecosystem is kind of growing it's expanding it's uh self-organizing in many ways because

23. 10:25

    like i for example have no idea like some what sounds projects are doing and you know they actually like starting to pick up and doing cool stuff but where are we going right like what what is with that vision right what are we trying to achieve and this is what we're trying to achieve like we think that nir is ready for mass adoption near you know it's simple secure and scalable it's ready to rock

24. 10:49

    and we have you know kind of the basis and foundation of applications and we're really aiming to get one billion people to actually use this applications in five years right that's that's a goal that's what we're trying to get to and i'm inviting everyone here to participate in this kind of pretty large mission right getting one billion people on chain in five years now how do we get there right that's

25. 11:13

    that's a very ambitious vision uh there'll be a lot of work and we'll definitely need a way way bigger community to do this and so i've shown this before and i'm pretty sure nobody understands what this is and that i i'm not saying this is by design but this is how my brain works uh and so like super high level this is this was the idea that kind of as as we were thinking about open web right we

26. 11:38

    were thinking about it like everybody usually about thinks about web3 is like well we have a blockchain what we can do and this was thinking backwards this was what if i want to pull out my phone and every single application on my phone is kind of follows the rules that i own all my data i own all my assets and i'm able to kind of vote and pretty much control every platform i'm using right how do we get there so not starting with blockchain not starting with a solution

27. 12:09

    but actually starting with a problem right i want to control everything i use i don't want facebook to kind of or whatever even apple to some extent to tell me what what what this should be and so we started kind of there at the top with well we need you know a social network we need a like a food delivery app we need all those things that are we use kind of on day to day basis

28. 12:33

    and then from there there's a ton of infrastructure and ton of applications and ton of financial tooling that needs to be done and at the end it end up that you actually do need a blockchain here that's a red block so working backwards right from hey we nee we want to kind of change how people are participating and using the web and realizing that you need a lot of financial tooling because you want to incentivize the growth you want to incentivize the structure and you also

29. 13:05

    need a kind of a lot of protocols on top and then you still need a lot of infrastructure and so all this is cool and we actually already have a bunch of stuff right like we are at this point um kind of have a set of really powerful primitives open web primitives that people can use to build um applications so we have programmable ownership right like if you think of fungible tokens and non-fungible tokens

30. 13:36

    what really they are is ability to program ownership and this is actually from my perspective the first time in the human history right with blockchain we have been able to do that right before ownership was always given to you by somebody with power by somebody with you know military they said yeah you can own that but you know if we come with our soldiers but now you actually are able to program you're able to kind of

31. 14:00

    write code pretty much to to define how this ownership will be transferred we have these financial instruments right we are able to kind of issue value we can we are able to transact it and we don't need to rely on anyone to do this we have pseudonymous identity right why is this important because you're able to kind of detangle a lot of different interactions to maybe having an internet from each other right you

32. 14:24

    don't need to be like your work identity and your kind of play identity to be the same if anyone here on discord and you know playing video games while being in work discord chats know what i'm talking about you have uh really cool encryption tools and there is really cool concept of proxy encryption's ability to encrypt data and share it with people and kind of pretty much have have end-to-end

33. 14:49

    communication without anyone else knowing what's going on we have decentralized storage we have oracles i mean zero knowledge proofs are you know have been maturing over the past like three years and becoming really powerful and obviously daos like the waste organizers so we have now the primitives that you're able to build really cool really powerful kind of open vap applications and all this is powered by this

34. 15:12

    infrastructure right so so at the bottom of that huge thing uh we have this kind of whole set of infrastructure pieces which uh you know we have kind of scalable blockchains we have indexing like uh which we're going to learn more about today we're going to we have storage chains like file coin sci etc we have kind of secured oracles and we have kind of ways to get in and get out of the system and like there are more things to come but like all of these things are now powering this and so one of the things you'll learn in

35. 15:46

    a little bit but we have you know as i mentioned we have scalable infrastructure so if we have charting and so near has been kind of pro like building with this idea that the network should be able to scale be kind of with any demand that we have right if we're talking about having a billion users on chain we know no single computer no single machine will be able to handle that

36. 16:08

    right and so sharding is paramount to actually be able to do this and so we have sharding we actually been running like on test net four charts since october 20th nobody noticed a thing that's a whole point that near sharding does not require you as a developer you as a user to know anything about infrastructure that's the whole point it's so simple that you don't need to know how many shards are there and so this is coming on main at november 15th

37. 16:33

    literally nothing will change like four shards eight shards one chart doesn't matter for the user you're just getting more capacity yeah you can clap and max later will tell more about kind of how all this works and details around that at the same time near has the most versatile developer ecosystem right again like near set out to do kind of the best developer experience and developer experience is not what i say

38. 17:06

    developer experience is is what developers say developer experience is and so we build things that you know allow you to build and rust and typescript like language but also people said they want to write solidity and evm contracts and so aurora is powering that and at the same time there's a ton of people who want to build their own app chains and connect them to the network and so octopus is doing that and so all

39. 17:28

    those together right is allowing you to build in any way you kind of want the applications and launch them and and execute quickly and so if you like learn about auroras they have they have a boost there uh octopus you can like they said they couldn't come but there's definitely the uh you can learn more online and so this all together right gives you the tools to build like on top of these primitives the applications you want

40. 17:59

    and on top of this right kind of the power that we have like the the change the dramatic change we have is actually incentives right that's why the financial tools is so important is because on top of kind of being able to build applications you're able to innovate on how you do kind of growth how do you do go to market how do you actually attract users and so from my perspective the consumer internet of web 2 is dead right at this point most of the kind of consumer apps

41. 18:30

    if they're trying to launch and they not using crypto they're not using blockchain they're pretty much dead because facebook or any other company will just track what they're doing and implement it faster and they have already a billion users and they will be able to kind of capture that market way faster and so and this is true like the you know venture capital is kind of starting to scale down how much they're investing in

42. 18:53

    consumer web like the teams if you if you look at like the teams and vcs that are investing in consumer are lower and the reality is because you just don't have a way to bootstrap your network right all of the consumer apps most of them at least are rely on network effects and now with blockchain with crypto we have a tool we have economic incentives we can build around ownership around giving up ownership of the platform

43. 19:18

    you're building to the users to bootstrap this network effects right and so you have this kind of normal way that you know defy right now using to bootstrap their liquidity but you can leverage across all of the kind of types of applications gaming is really easy because you're pretty much giving out the future ownership of this platform to the gamers right that's kind of the display to earn thing it's ability to

44. 19:42

    really kind of leverage the ownership as a marketing tool almost to attract your users but at the same time because they're getting ownership because they're getting invested like kind of in like they invested in this platform success long term they're becoming your best proponents they're becoming the people who are actually going out and telling everyone to try this product to to use it etc so

45. 20:05

    instead of transitioning from kind of paying people for things by giving ownership you actually getting kind of long-term support long-term contributors and that kind of i call it usage mining so like liquidity mining is an example of it but like any usage that you want to incentivize like by aligning the kind of how you're distributing ownership of your platform to the to the people who are bringing the most value to your network that's how you build this kind of new world right this is how you build

46. 20:34

    this open web is by creating this ownership alignment and that in turn fits into giving people power of governance because now with this ownership distributed they're able to participate in and make decisions on how those platforms will evolve so what is this for developers like as a developer why do i care well you care because a few things first of all a lot of developers already in open source right open source is like makes sense to

47. 21:05

    almost all the developers and what kind of in open web you get is this idea of open services right instead of just code you actually have full services that you can rely on that you can use and kind of the one of the example when for example we started a startup before an ai and we were deciding to use some vendors and you look at some vendor and you're like well i have no idea if they're going to exist tomorrow if they're going to exist in a year right if it's also a startup like relying on other startups is hard but

48. 21:37

    in openweb in this kind of uh ecosystem we can rely on things right like a great example is uni swap is built by like few guys you know in a few months they launched it and it's now rivaling coinbase right like that's the idea like you don't really care that it runs like that it was built by a few people no in no other like normal fine fintech you would ever be able to use an application that's built by like few punks in in a bit like somewhere in the garage and put billions of dollars in it that's just like not

49. 22:08

    possible but now kind of because of the properties we have in open web that's kind of the reliability and security you can you can leverage to build your services on top without needing to like hey is there a big team supporting are they going to run out of cash and stuff like this right and so that's really powerful for developers because now you can build faster like in general in in this ecosystem you're able to

50. 22:32

    build way faster kind of complex services complex fintech but also complex uh things simpler with reliability on other things and that's why this idea of legos is coming coming up right but beyond that you also have this kind of because you have the ownership that you can distribute in the platform you can attract community contributions early again like usually as a developer you know you want

51. 22:58

    to build stuff but then like there's marketing there's you know talking with people and doing product work there's design all those things and not always you have the team to do it and you can attract community contributions you can distribute your kind of ownership in the future application you're building to get all those people to work together and on top of it you have the market forces right you have kind of the market telling you if this is make sense or not early on

52. 23:23

    you're able to really quickly kind of either fund it or or pretty much build like sustainable model around open source and this is again like if you're a developer and if you try to build open source before asking for donations all those things almost doesn't work right and so this actually creates this ability to fund and create sustainable models around open source by creating this kind of economic incentives

53. 23:47

    underneath on the other side right like creators i also love the open lab right because as a creator right now you're locked on a platform you're sitting on instagram you're sitting on youtube and you pretty much all of your business and sometimes life is pretty much uh is circled around that platform and they kind of control your distribution they control your uh kind of connectivity to your fans to your base and so if you want to change the platform you're pretty much losing all of your business

54. 24:18

    and the idea of this open web right is to give back the control to give the ownership of what they produce and what they do in their in their base to the creators and they're able to kind of control this they're able to communicate directly with their fans and they're able to really kind of decide which platforms and which mediums they want to use without losing this connectivity right and so there's like a few companies in the ecosystem that are trying to build this out right now which

55. 24:48

    are super exciting and finally for users right we're talking that like all of this at the end is what benefits the end person like which we all are and so this idea that you actually have the control of your data that you don't need to kind of sit you know like if you go from one social network to another you need to rebuild your social network and then you know you learn that that social network actually leaked all your data and then you figure out that like they want to remove some part of the application that you were using and you

56. 25:22

    left and things like that right you have the ability to pretty much leverage all of this connectivity between applications and power and uh and pretty much get the get the benefits of whatever or whatever the apps people building in the ecosystem right and we see that right now with this kind of any single application launching all of the users coming in from other applications

57. 25:46

    to try it out right we already see that people kind of are excited that they have all this kind of connectivity and they want to see how this works together so kind of to just give you like with all this right we we have kind of we have the infrastructure we have the basics of the of the three pillars we have kind of this vision like what what is that site what's missing what as you as a developer or as an entrepreneur or maybe even as a contributor what are the things to look

58. 26:18

    at right and so the the set of things that are missing right in that huge diagram that kind of we have the blockchain we have infrastructure we have already set up defy tools the kind of why don't we have you know like applications that have billions of users yet well because we're missing common set of kind of higher level protocols right i call them app protocols and this is things like social graph right right now if you want to build like a facebook type of like social network um

59. 26:51

    you will be pretty much collecting your social graph on your server and then you know kind of it will belong to the whoever builds this uh this application and so if we want to go into the open web principles then the social graph should belong to the user right as a user i should own my connections i should be able to go to any application that i want and leverage it and kind of that's a protocol we need to build it needs to be scalable it needs

60. 27:15

    to be able to handle kind of built kind of billions of connections and that will power pretty much lots and lots of applications because now any single app right from instant messenger to social gra to kind of social network from maybe even uh kind of you know spotify to to youtube type of application you can leverage the social graph to pretty much build on top of it like you like user allows

61. 27:41

    the application to access this data and now this application can leverage it right obviously communication is the other one like how how do we even simple thing how do we send messages between two different near accounts right that that's simple but then like you have notifications you have kind of communication like uh broadcast communication all the things figuring them out building protocol that all those applications can start using and connecting with users we also have

62. 28:07

    media right right now kind of we have nfts which are really cool but they're still pretty kind of st static as as as far as uh experience go and so there are cool applications coming up but like at the end you need a protocol that kind of hosts all of this uh metadata pretty much who owns what like royalties for music royalties for videos too enables us creators to start kind of moving away

63. 28:32

    from you know existing platforms a really cool thing that i i think is super important is conflict resolution and so what conflict resolution is is really what court is in in real world right when something happens that not written in law yet and or in our case in code yet like you need to resolve the conflict between two parties and this is an important component because it enables a

64. 28:57

    ton of real world use cases even things like food delivery right imagine food did not get delivered and the person who was delivering food is saying that they did right you have a conflict that you need to resolve and so things like that like enabling type of kind of almost like conceptual protocol enables a ton of use cases again on top and so figuring this out how to leverage

65. 29:21

    for example prediction markets or how to leverage set of experts or things like that will uh kind of power all this uh similarly things like work scheduling right how do we pretty much um get people around the world to do things and and pretty much have this marketplace of work right that uh like gig protocols like uber and uh task taskrabbit and things like that can be built on top right in in reality like uber and lyft right is the same app like if they used exactly the same

66. 29:52

    protocol on underneath you could have as a driver go between the apps and have your reputation kind of with you have all of the data with you and been able to participate in in two different markets or like dd for example in china so all these are kind of basic foundational protocols on one side but on this on the other side they will enable kind of this next wave of like actual mass consumer applications that you know you can

67. 30:17

    create ownership kind of mining around like usage mining around to grow them extremely fast right you can create a social graph where you're lying around the size of your social graph the the kind of ownership of the social graph itself or the platform itself and this platform as it grows will capture more and more value because more and more applications will want to leverage it so you have kind of this huge flywheel of um of kind of people joining of

68. 30:42

    applications being built that will be built on top of this protocol so again if you're developer if you're entrepreneur if you're looking for ideas if you're considering what to do next these are the things that kind of needed to be built that will pretty much create tremendous value in the ecosystem but they also will be attracting more and more people into this kind of new way of doing things and so one of the examples that can

69. 31:07

    already working and so this launch in april is this idea of near crowd and if you know the kind of the history of nir this was one of the things we were doing actually before we started near protocol it was crowdsourcing and and so we wrote a lot about this idea and somebody in community ended up building it and this idea of kind of how do we like organize people around the world to

70. 31:32

    pretty much do crowdsourcing right do some small tasks that are predictable uh in some way but uh to pretty much participate in this economy and so since launch rate in april it collected i think already more than 1.5 million different data samples and it's you know almost like one like one and a half to 2 000 people daily actively working on this platform earning some uh earnings uh kind of the salary from this and this actually changed people's lives there's people who have

71. 32:03

    literally realized that they can work on the internet they can quit the jobs they hate and pretty much participate in this kind of global economy right because they're able to work in in this platform they like there's no kind of boundaries there's no limits that they need to go over there's no boss that yells at them or anything there's also people in in philippines who are actually like

72. 32:26

    not like not having a job at the point and like everything was closed they were able to work from home and actually like earn the wage to do this so this kind of things like this open web principles they already applied they're already working they're already changing people's lives and if you want to learn more there's a really good uh blog post that with like actual interviews of people who've been working on this platform so kind of all this right like the we have

73. 32:50

    principles we have the vision we have the primitives i've described what kind of things to build and so the missing piece is you know the funding so we have over 800 million dollars in funding for the ecosystem to actually build all those things and achieve this vision of one billion people on chain you can clap now too so this is exciting because like we are able to pretty much get fund like get your ideas funded get uh get you to

74. 33:31

    pretty much build the most amazing applications and get them in front of people right and i'll let like there will be a lot of people talking later today about like the guilds kind of the community the uh like kind of the technology so you'll learn more about it but just to kind of super high level right we have findings through grants you can apply to near foundation grants at near.org grants we have proximity and on specifically for g5 so if you're building the financial application

75. 34:00

    you're building the fintech there's a number of kind of funds available for grants there there's a startup grants startup funds which you'll learn more i think tomorrow there's regional funds which were setting up and so one of the first ones we launched is in near in ukraine which is allowing to specifically fund kind of startups in ukraine in like russian-speaking region but we're going to be launching more and

76. 34:23

    more of this there's a number of kind of ecosystem funds like metavab open web collective you've met mimi who are pretty much helping founders to build really amazing applications and obviously there's a ton of venture capital firms that are investing into this that they kind of raise a lot of money to because they believe in this vision right they all have pretty much subscribed to this vision of open web of web 3 of ownership economy of passion

77. 34:46

    economy and they're funding it kind of through the uh through the ecosystem because like this is coming this is happening this is changing the world right now so i'll just leave you with the last thing which is keep learning so this is kind of the principle we use like in general one one of the kind of big things about near is you know near stands for innovation near stands for kind of growth mindset we're never kind

78. 35:11

    of satisfied with what we've built with what we've done so far um you know if you know again if you know our history we've changed our sharding design because we realized like it's suboptimal we keep iterating alex skinov actually won east lisbon hackathon with another sharding design that he's researching so there's like always trying to learn always trying to figure out better things we've done a ton of um kind of research together with

79. 35:37

    other blockchain protocols use like on the whiteboard if you've seen the like youtube videos called whiteboard series we've done a kind of bunch of blog posts about our technology and like other types of technologies on our blog and on top of it we have an education team in foundation which is running a new university and so that's a place where you can kind of actually enroll in the

80. 36:00

    program and learn how to build on here how to become an instructor to teach near and also they'll be launching more programs over time so in general keep learning keep kind of this space is evolving super quickly there's a ton of cool stuff that's happening i'll leave you with that thank you i'll i'll take three questions no going once going twice so um i know a lot of people who have kind of general ideas kind of what you were describing like um i have an end game in mind but i

81. 37:00

    don't know what all of the different blockchain web 3 options are for me um is there a forum i mean there's the literal governance forum so is there kind of an arena that you would point people to if they had kind of nebulous ideas and they wanted to collaborate and work with somebody in the near ecosystem so there are actually like a multiple different entities depending on what they're trying to do so human guild is awesome if you want to work with a kind

82. 37:25

    of on gaming and kind of earner related stuff proximity labs is great to connect if you're building a fintech startup we also have some some folks who are doing more nft creator stuff so i would say like going to a forum and and writing about your idea and connecting with people in ecosystem that's a start and then we have number of different kind of people who specialize in different dimensions of the ecosystem and again the point is like this ecosystem is so huge and it's growing so fast that like there's no kind of single

83. 37:57

    point of contact that will actually be able to handle everything right and so you have all those different kind of organizations that are really working with across the ecosystem with bunch of folks in specific domains and so that's that's a way to connect with them so you talked about charting and we heard before that you have the optimal number of validators can you explain how it does this change with sharding do the number increase or does it stay the same

84. 38:31

    yeah so uh great question about validators so with november change the validators number stays the same but in december we're gonna actually increase the number of seats and then somewhere january february pretty much will will open up what's called chunk only producers and so this will actually increase and will over time um kind of align the number of validators with number of shards so

85. 38:56

    there will be like 100 chunk producers per shard and so as more shards grow you'll have more and more values and that was always the idea is that actually the network should grow in decentralization as there are more usage and more more people participating the more the bigger networks the more computers as well you're using to do that can you tell us a little bit how the performance of this new uh charted version of blog of the block chinese yeah so uh kind of like again i will let

86. 39:30

    max to dive into details on sharding that he has a whole talk so i don't want to spoil it but uh i mean we're getting we're getting multiple performance improvements like both from the sharding itself as well actually the protocol team has been working on just improving a single chart performance as well so we're getting like uh kind of i'll let max like kind of give some numbers on specific improvements but like it's it's speeding up things

87. 39:57

    we're getting more capacity uh things like you know uh allowing more applications to run like aurora to be like to run more et cetera so hey let me ask the fourth question if i can so you were mentioning about the octopus and the interoperability between different blockchains so do you see the app-specific blockchain as an important player in the new ecosystem and if yes what would be the

88. 40:29

    differentiator between like the let's say the octopus solution versus other bridges or are you planning to expand on the ibc so overall kind of the way i think of it is the as as the network grows right there will be use cases where you need you you can still cannot rely on kind of full consensus of something like near and so you need app chains because you can optimize a lot what you do on them you can for example like remove some of the fees you can reduce kind of the

89. 41:04

    like what you're doing with consensus you can ship you can change consensus or remove it completely so you can do a lot of stuff in app change that you cannot do on a global chain and so that like that gives you like this whole new design space which you are able to do on the interpretability in general right so we have rainbow bridge that connects near an ethereum and they're actually a

90. 41:27

    work in progress with teams and customers to connect to through ibc kind of and rainbow on both sides to two cosmos chains there's also work with other aetherium chains and and kind of exploring with non-ethereum chains as well so rainbow bridge kind of as a technology can connect with other with other chains any chain that has a light client that implements like client is able to connect to and so there's definitely like folks and teams in the ecosystem that are exploring how to build that or

91. 41:57

    already got the grant to do that hey can you hear me yeah cool um i noticed on the slide you had a as in as part of the fun slide there was a breakdown for regional funds and i think um the global nature of the new york community that's very up it's very uh exciting to see that there's an interest in funding you know projects in different parts of the globe can you maybe talk a little about the the vision for seating different

92. 42:30

    geographical communities and opportunities for the members in the community yeah so it's not fully ready that's why i didn't talk much about it but in general i mean we are global community we actually had a conference in china two days ago which had like 200 people there you know kind of i had like a ton of people on wechat just texting me like excited to join that so like the kind of new ecosystem is global there's people doing stuff in nigeria you know obviously like us you know

93. 43:03

    latin america so there's like ton of stuff going on around the world all the time we had 500 people meet up in kiev so all this is kind of global things are happening and so we want to support that we want to give resources and kind of decentralize our own kind of system through this regional expansion right and so china is a good example because they actually have kind of near china which is uh you know supporting the kind of ecosystem there and kind of working with uh

94. 43:32

    in general with asian countries i've been spending time in ukraine we've been setting up some stuff there and kind of i'm excited to keep expanding this and and kind of create these local hubs that are powering startups kind of that are more local that speak the language that are able to help them kind of in in that locale and as we figure out like all the details we're going to be announcing that and talking about that more

95. 43:58

    all right i'll i'll finish on this it's really exciting to be here i hope you enjoyed this and thank you so you