So what’s great about blockchain is that it gives
power back to the user. It gives it back to the common men. And so this is, I think, a very important thing
for us all. Because if we don’t do this, we don’t build this, then I think we’ll keep going down this
path of centralizing all this power and corruption in these entities. We think that blockchain in the end
can create a more just and harmonious world. So it’s really limits the kinds of shared imagine
realities that we can create with it. And so that’s why, for example, Harmony exists, which is my startup,
we’re trying to solve this problem and basically build a fast scalable and cheap blockchain for mass
mainstream adoption. So sort of like going from, you know, dial up to like 5g, we’re trying to basically
level up the infrastructure for blockchain so that it becomes more usable for everyone. And that way we can
unleash the potential of this new platform technology. But scaling watching is actually very hard because
it’s an open network that anyone can participate in. And there’s so many nodes and you have to reach
consensus. And it’s, I think, really one of the, one of the most complicated engineering problems that
we’re currently like the the spaces is facing and even like outside of cryptocurrency, and that’s actually
great because it attracted a lot of engineers to this problem, including myself and my team. You know, and
engineers love hard problems. We want to solve these things, especially when it’s something like blockchain
that has so much potential to change the world. And so this is like some snap a few snapshots of our team. We
come from a lot of people from Google or Apple, Amazon. You know, you pen Harvard, Stanford, Oxford, a
lot, a lot of like even Facebook, we have a lot of kind of tapped into a lot of the talent here in the
Bay Area for you know, low engineers who can really solve these very difficult problems. And our approach
is that we use proof of stake, which is a new way rather than proof of work, which we talked about proof
of stake, rather than using hashing. To secure the network in terms of finding the rare hashes, you
actually use the currency, the native currency itself to secure the network. So it’s sort of like imagine if
I could secure a Bitcoin network with just my Bitcoin. And the nice thing about this is it makes it much
cheaper because you don’t have to burn all his energies here the chain. We also do something called
sharding, which is like, basically a way of splitting up the blockchain at the smaller pieces so that you
can run more. You can run, fit more transactions through it and run things faster. And we also do
something on the networking layer, which is we actually We actually like try to optimize the way in
which data and messages are and blocks are passed around in the network. Because at the end of the day,
like coming to consensus is a very tricky problem. Imagine even just like between people, in order to
come to consensus and agree on something, we have to communicate a lot and talk a lot before we can agree
that this is the the final answer as the same thing with blockchain is a very, like, communications heavy
thing. And so that’s why it’s very important to to optimize things in the networking layer, which is
basically how data is passed around between the nodes on the network. And so, some of the things that we
have to you know, apply in order to achieve this Are you new cryptographic primitives? Like I was
mentioning, verifiable delay functions verifiable random functions. We also use cutting edge consensus
technology so not proof of work but proof of stake and combined with that something called pbft and we also
dig down into the actual internet protocols themselves in terms of, you know, we’re we’re going as deep down
into, there’s like a seven layer OSI stack of how the internet functions. And we’re going as deep down into
that to be as low level as possible to really squeeze all of the potential out of the internet for our
communication on our on our chain, our philosophy is that you know, we want to be the one and what that
means is that we think that blockchain is a force for humanity in the digital age, it really gives power
back to the individual power over your money, as well as power over your data. And I think this is really
crucial because we’re kind of living through a time where we can’t trust institutions like whether the
banks or whether they’re internet giants like the Facebook’s or 10 cents of the world to actually have
our best interest at heart. And so what’s great about blockchain is that it gives power back to the user, it
gives it back to the common men. And that’s going to be very important in the 21st century, as more and
more of us come online, and more and more of our lives are conducted online in a digital realm. And so this
is, I think, a very important thing for us all. Because if we don’t do this, we don’t build this, then
I think we’ll keep going down this path of centralizing all this power and corruption in these
entities. So we think that blockchain in the end can create a more just and harmonious world. And that’s
really what drives us. And so, yeah, hopefully you guys enjoyed this presentation and learn some, we have
some time for questions. But thank you so much. You can find me on Twitter, and you can email me or talk
to Alex and he can connect us