Onboarding the Web3 Economy with Yuan Su

doesn't really apply anymore so we have to reposition but one thing we did and we're still very proud of it is let's roll up as a service so anyone can click a button and create a rollout using the same stack and everything will be automatically set up you'll see some Cloud Technologies and you will be able to use and have your own roll up at one button click and then we released Andromeda mainnet that's the September two years ago two years ago now so in a drameda we actually revamped the gas calculation the gas calculation in the Andromeda is actually the very accurate one so you don't have to worry about L1 gas fees because it's all included in a gas calculation we also revamp how the timestamp has been generated in the blocks so a lot of gaming protocols really welcome this particular change and then we have the chain manager where we can actually allow the chain manager to change the configuration of the rollout chain and then with the piano support to really improve the availability and the scalability of the roll up service and there are more and most important thing because we we kind of mentioned the 2.0 stack doesn't have the fraud proof it still doesn't have it now but very soon we'll have it but we have at this validated node actually verifying the validity of the executions of the sequencers and we have a community validity program over 100 nodes are validating our rollup Services every time and every hour but then we move on to the next big breakthrough that's a small lo2 technology which is quite controversial to be honest but it is needed and it will see why so the smart allow 2 is based on the optimistic data availability using runolab as the decentralized storage it means that we only only upload the full transaction data when it's necessary and to do the request mechanism is partially implemented mostly because now we all know Bedrock from autism is coming so as soon as we know that I say you know what everything will be changed dramatically again that's why we stopped implementing the rest of the year they didn't request mechanism but however the security of the chain assuming insured by full transparency and uh and Community Support next one please so at next one next Point I've always arguing hey why do meetings need a white paper at this point the everything that we wrote In the initial white paper has been tossed into the garbage bin almost but uh the division that communities want to build a western economy hasn't changed so we have some exciting stuff in a pie plan for metis next slide please so so far we have focusing on the speed cost and the speed and cost and that will that will help the producers and that will help the Divide protocols but next in the pipeline we have something new exciting to offer next one please first we're going to migrate over to Optimus BlackRock stock and this one is important because it helps the the scalability available a lot it separates the uh the sequencing proposers so a lot of things we are doing right now is to make sure that it's compatible with smart L2 technology and it's very important and I will say very soon why is it and then in the next updates we're going to introduce this uh npc-based decentralized sequencer so that we no longer have one single sequencer to deal with all the transactions for the auto and we'll have this promotion from peer notes to sequencer note so that in the future even when even if we had to do a maintenance or upgrade or bug fixes the whole neck will hold now will continue to run so there will be no downtime going forward after this big update so there are a lot of things because uh I really want to make sure that we cover the most important part which is the the rightmost column I'm happy to I know there are a lot of rumors about minty's working as AK and I believe there's someone dig our repo and found some documents about our JK researchers and they are happy to say yes it is true we are working on vehicle implementations and so we're happy to announce we are working on a special roll up roll up category called the hybrid roll up so how it works next time please how it works so a user will submit transactions and through a complicated networking eventually it'll reach the sequencer node and this secretion will produce the block and and the The Proposal will submit the states and the transactions everything looks normal as the optimistic rollout but then the approvers those provers what we call Rangers you know why paper they will download the uh the download transactions produce the blocks and using the same technology that absolutely use in a Canon project for their Bedrock to produce a program based on mips instruction and this Maps instruction will be fitted into our circuit to produce these AK proof and then be submitted to L1 and when the proof is submitted and if it's accepted the batch of this particular this particular batch of transactions will be marked as final so so that the people do not meet you no longer need to wait for the seven full seven days to finish a withdrawal for example or to do a cross chain Crossing operations among other L2 chains and this is very exciting at the same time it's hybrid because we still need the fraud proof system so if the prover is not able to produce the proof because sequencer is doing something fraudulent and then they wanted to rely on the fraud proof to slash the sequencer and there's a pros and cons first the pros very very obvious we have the best of both worlds fast confirmation time because as soon as the transaction be submit to L1 it's confirmed and also a very fast finalization as soon as the proof has been submitted usually takes hours but much better than the seven days but there's a call because we still need to upload the full transaction information the data available cost is much higher much higher than the uh than the uh the other ZK roll-ups however because model too this cost can almost be neglected there's one weakness in smart out too is that uh the seven days is actually not enough not long enough to spiral out to to fully fully secure the network but with the introduction of the CK proof the uh the the fraud proof window can actually be expanded to 14 days or even 30 days so that there's enough time for people to challenge both the data availability also these states start to be submitted by the sequencer but really if we have a 4844 today we don't have to deal with this complicated mechanism so hopefully we'll have we'll see four a four four implement it this year or next year we'll see so why do you start in our ZK approver so about reasons um and actually recently I noticed that at CK evm from polygon they also announced the uh the the their their main not launch and they also use Stark as the default proof generation because the the stock when the weakness of Stark is that the proof size are ready to pick but to now with the recursive proofs is no longer a a big problem anymore but it's Quantum safer so when Quantum quantum computer becomes a thing probably in your Tech here too uh stock is still much safer than the other mechanism so our vision are using ckmetries Mapes is to have ethereum as the sakp foundation layer what I mean by that is this particular technology because the universal usage of myths and the stability of maps here I have the next slide piece it almost can be used by anyone not just ethereum not just metis for example you can have Solana compare that VM into mips and they will be able to settle as AKP on ethereum so we are extremely extremely excited about this and and also very very pleased to say this whole JK mips research is completely open source what I mean by complete open source is even including internal discussions are open sourced on our get repo so happy to so so so if you're interested please go to our get repo our our meetings and finance AKP repo and you can find all the discussions that we have and current uh research statements current directions and a lot of background information how TK Works um everything is there so we have covered the liquidity because the withdrawal window is much shorter we have covered the security costs and pre-cost but we haven't touched the producer in consumers so let's move on that so for Value producers the productivity is something that we haven't really talked about so I'm happy to introduce chorus chorus is a meet is founded uh startup it's part of the Eco note what they do is to run your dial like a business so it's the first oy system we set the framework how you can run your operations on chain so we have dials but there are some problems so that was very easy to start but very hard to maintain and very hard to operate a lot of conceptualization actually eventually happens even within a dial framework so it's very hard to encourage the collaboration with intouse and the cross Styles and that's something we want to really solve that's one piece so here The decentralized Economist company although a different name we aim to solve a couple problems first we want to maintain the easy to start but we also want to make sure the dial and dag can be easily maintained going forward as time goes by and we allow the collaboration between Dax and within the tax effectively and so that we want to have a introduce this end to end cohesive user experience and and allow the companies to operate accounting next one please so current offering we have the tragedy management and we have the member management so that they can have roles and permissions within the within the DAC and we also have the voting governance in place already and a very very high like a very effective task management system so that the dsas within their members can actually take on works and what kind of operations and in the future we have the tax payroll management permission contribution Marketplace credential system and document manager so absolutely check out Corey style to see what they are offering so next part is actually also very important is the consumer that's the one that's going to spend their money and spend their resources uh in the ecosystem so happy to introduce Nouveau which is another equal note of amity's ecosystem uh Nuvo is a decentralized credential platform and allows people to own their own data own their own credential it works with both web 2 and web3 online offline and also have this communication components where they can feel the sense of achievements while interacting with different applications absolutely scan the QR code over there to get your your new uh credential and you will be amazed how easy the experience is and imagine that is the the web tool so anyone that hasn't been touched you a website experience at all trying the first application in web3 this is the experience we look at and and why newer Works uh is the uh the uh the engagement framework is actually very important for our communities the community's stickiness Community uh uh acquisition are very important and universities provide a framework allows that and people can carry around the reputation is wrong and the users they can actually get incentives by participating those activities and share the data uh regarding their interactions with the application so with both sides have the demand we believe this will have a very good Traction in the market and how it works uh is this particular diagram I don't have too much time to cover all that but the key is uh the this this proprietary I won't say proprietary but it will be open source anyways okay uh but it's a it's a unique key exchange mechanism where each interaction of users a new pair of application will generate two pairs of keys where they can share the data in private and securely on blockchain and the data share also use the same mechanism where they can Target which to share and who to share to and in the new uh Suites we have three products you know one is determined platform and I highly encourage everyone to try it is actually very easy to integrate this whole Webster technology into web 2 application uh I've already challenged a couple developers to get easily easily uh using Nuvo with their existing web 2 application using the same OS to authentication mechanism and you know me is the the artist The Steve Arts cross chain and online offline credential system it's both a wallet it's also a SSID credential wallet so a lot of static stuff happening and the new pass is a a nice platform where people do not want to code and they can also utilize the bad system to incentivize people's motivation excellent so now we have coverage all three components and we're excited to be the one that leading the building of Webster economy and uh if your investor or developers feel free to join Boost 599 and we can have more chats thank you very much [Applause]