Okay, we'll be starting to show you. We're just waiting for Alex to join. I'll make him speaker and then we'll be starting shortly.
If Alex is in, just raise your hand and I'll make you a speak.
If Alex is in just raise your hand and I'll unmute just wait for Alex to come. I will be starting shortly. Oh Alex, I'm seeing you.
just connecting you there. Alex, welcome. Hello everybody. Oh, I can hear you now. Yeah, welcome Alex. Okay, if you're ready, Alex, I can start the introduction and then we can go into the Aurora project.
Yeah, absolutely. Okay, well welcome everyone to this well-coin talk spaces and Glenie hosts today. We have joined us Alex We'll be talking about Aurora shortly, but first before we start Alex can you tell us about yourself and how you got involved in the crypto industry?
Absolutely. I'm a tech guy, PhD in applied physics and math have been calculated in different ways of extraction of oil from the oil deposits. And after finishing my PhD, I thought that crypto might be an interesting point or interesting industry to land in because
Well, it's pretty similar to big major simulations from the applied mathematics fields because there are multiple computers that are working on the same goal of calculating something. And the crypto is a little
It literally has the same concept, there are many different computers that are working on something which creates some value. So I landed in the blockchain industry back in 2015 and now for eight years already staying here not losing my interest in it.
Okay, thank you for the introduction Alex. So yeah, can we start with the spaces? Give us an introduction to Aurora's products and the business model.
Yeah, absolutely. So Aurora itself is it can be viewed as a layer one network for the for the person that is an outsider, right? The way how it works is pretty specific. It doesn't have any validators. Instead we are reusing the validators.
that are existing on the near blockchain. And in terms of the technical side, or in terms of how it is implemented, Aurora is just a smart contract that works on top of near. The reason why we decided to take this approach
was that we were thinking that EVM compatibility and Aurora is an EVM compatible network is something that is not scalable by default. Ethereum's virtual machine because of this in-crenicity of execution
Unfortunately, he is not able to have lots and lots of transactions per second. Since we all would like to move a bit closer towards the massive option and no more to billions into the blockchain, we need to think about this scale.
And through launching of Aurora Network is a smart contract, we've achieved the thing that now anyone is able to launch an additional Aurora Network, right? Over in terms of the rollups and the recent use, anyone is able to launch their
own and a roll-up and just have it. And then this roll-up will be the place for the customers or the users of this particular community or this particular company. So that's our approach. We have started with a single
network. However, during the development for this particular network, we created all of the different tools that are required for it, including the RPC infrastructure, the bridge that connects Ethereum, NINIRA,
and many additional things. And now we are moving to what's expanding this and providing the opportunity for anyone to launch their own, as we call it Aurora SILO, to be able to host some particular use cases or particular communities within their own SILO.
So yeah, that's this short story about Aurora. All of the information about Aurora can be found on Aurora.dev and Aurora.dev. These are two major websites where information is available. With regards to the business model,
Or should I stop for a second? Oh, no, yeah, go ahead Alex. Yeah, so there is a governance token that is associated with the Aurora protocol. It's name is Aurora. It is launched as an ERC-20 token. It is available on Aurora.
on Ethereum mainnet. Besides that, this token is traded on multiple centralized exchanges and decentralized exchanges. Also, this token is available on the near protocol.
This token is used in the governance procedures of the overall protocol through Stakein. The longer user is Stakein or the more voting rights, or can have vote tokens, the user accrues, and then
This vote tokens are used to elect the council members of the Aurora Dow, who is managing the treasury of the protocol. So this use case for the token, this is a primary use case for the token.
Oral apps, the company that I am a CEO of is the core contributor into the protocol and we are developing the technology for it. We hold one sit in the DAO currently.
What else? The company itself, besides this token model for the protocol as a whole, the company itself is developing some products that can be sold to the outsider. So this is probably a completely separate topic for
for the business model of the company, but obviously Aurora Labs tries to contribute into the Aurora ecosystem and we are fully focused on the Aurora ecosystem. And we do not think that our only customer should be Aurora Dow, who is older in the development of some
functionalities, we also develop our own products and selling them to to to to our requirements. Okay, thank you very much for the instruction and breakdown of Aurora. I think we've touched on it but can we go into more details about the Aurora Plus and the platform?
on the stake in an ecosystem. Oh yeah. So Aurora Plus is one of the innovations that we've developed. This is a platform that allows the users onboard into Aurora in a very simple and straightforward manner.
very similar to the web to user experience. So if you would go today on aurora.plus website, then through performing just a simple one minute login on create and set it up the account, you would be able to
configure your Metamask or another wallet in a very specific manner and through this configuration Aurora+ is going to give you 50 free transactions per month on the Aurora network. This is a pretty
strange, I would say, and this is something that is not existent in any other known to me, at least like a systems, where different users are able to have a different gas prices. So some people not yet finished their setup or the, you know, the
exhausted their set of 50 free transactions per month. So they are having zero yes price. While others who are the heavy users of Aurora would already have non-zero yes price. So with this specific setup of the RPCs, we are capable of
deliver in this interesting setup for the users. And Aurora Plus besides this precise grant and a simple straightforward onboard and user experience, what you are able to do
inside of a class is yes, taken and execution of the governance rights I would say. And besides that there are the rest of additional use cases that are integrated. First of all, it has the front end for one inch, the next protocol.
that is integrated inside of Aurora. So this is a swap-in solution, a swap-in aggregator solution. And also there is just a pretty big discovery use case there where users are able to find the proper applications that are working inside of
Aurora ecosystem and start using them. At the moment, Aurora Network has more than 230 different applications that are running there. So the need of such a discovery mechanism is pretty high. Okay, great. That's great for sort of
a gas adoption, you know, where you get 50 transactions for free, so you can try it out. But what sort of fees are they after the 50 transactions for the gas? Is it very low gas fees? Is it asked? Yeah, it is, it is faster, it is around, like the transaction, so the blocks are produced at the base of
one block per second and the fees of transactions are around one cent, one to two cents. That's what typically you should expect. So from that standpoint, Aurora blockchain is one of the most interactive blockchains out there.
say it is on par in terms of the EVM compatible bookchains. It is on par with Clayton because Clayton also has very fast transactions around one second and we are much faster than any other EVM bookchains that are out there.
by by a margin of multiple times. That's great. I like, but I was just wondering what's the sort of scalability in the future and how much will it be able to handle as obviously more people adopt the chain. Yeah, that's that's the thing. So a single EVM.
As I said earlier, a single EVM instance will never be able to handle all of the possible load. It's like an EVM is like a main frame. You can with specific hardware, with specific setup,
You are able to get to higher amount of transactions per second, but still the limit is there. The biggest contributor to this limit is actually an ability to work with the
to work with the storage and even with the fastest solution with storage, nothing like the physical limit right now is around 60,000 transactions per second. And this would be enough only for just one kind of payment provider
like visa. And that's it. After visa, this solution is going to die. And by saying 60, this is a theoretical limit, 60,000 transactions per second. This is a theoretical limit. And people are not able to get, you know,
Probably to 10% close to it. Maybe 10 is okay with 20 is extremely hard. So in case you will see a project that is claiming that they are an EVM solution and they claim in more than 10,000 transactions per second and this is
something that is available right here right now for them. You can come to them and say Alex Shushan could say that you're a liar. This is impossible. So yeah, super simple. It's not your opinion. It's my opinion. So please, if you you're able to
Now, and because of this, because of the principle, technological limitations, the important thing that we need to entertain is an opportunity or an ability to launch multiple unions.
And this is the core. These EVMs should be super easy to start. And even more, these EVMs should be interoperable, or if you will, composable. In case something is located into one EVM, then the reason
how to get this information into another EVM, presumably in a single transaction. And this is something absolutely new, right? Because the way how L2's, for example, are launched on top of Ethereum is that the communication between L2 and Ethereum is extremely slow.
It takes a week to move assets. It is not even about the symbol transaction. Here, in all of this setup, we
have an additional piece of technology that is looping in. And this is near protocol. Right. So as I said in the beginning Aurora is built as a smart contract on top of near. Near specific specifics is that it is horizontally scalable. It can
accommodate for visa and then master cart and then amex and then whatever another payment solution is there. And the reason why near Perco was capable of doing this is that it's virtual machine is not EVM and it can be scaled through
And from that standpoint, this Shardin approach allows you to launch many different EVMs as smart contracts on top of it. And it also allows the cross-communication
in between these deployments in a single transaction. That's why it is important for us to have our solution built on top of Nier because then it is reproducible, it is scalable together with Nier.
And moreover, it is super convenient for people and for the communities who are launching their own Aurora instances. It is super convenient that they are able to access data and to cross-contract calls in between different Aurora deployments. So you can easily think of
one inch that is integrated across different or lower deployments and it is aggregating liquidity across all of these different similarly disjointed chains. This is something that was never ever done before and this is
something pretty pretty cool. We call this solution, this Aurora silos first implementation of a new category of products, let the call blockchain containers. This is very simple to the concept of a container
in the cloud computing world. So yeah, we just just use this name. But anyway, I was trying to explain you the details of it and why it is matter. The buzzwords behind it can be fully omitted. You can call it whatever you like. No, that was a great breakdown. I like
I'm not the two technical guy and that's great. You're able to break it down in layman's terms for a wider audience. I can see why you're a great speaker for Aurora to get a message out there and sort of, yeah, I also break that down there and that's great for our spaces. So let's move on to
I think we've touched on the Aurora silos, the Aurora Cloud and even the suite of industry, first products. You've got the Burolus business, the Aurora Pass and the Aurora Silas. Can we sort of touch on them and how these will accelerate the mass adoption of web pre in the future?
Yeah, absolutely. Thanks for thanks for this question. So yes, indeed, the silos and all of this kind of approach of scaling EVM is is a solution, right? And the question is what else do we need, you know, to
to get this solution utilized. So we are actually focusing on making sure that the companies that are launching on the blockchain that are coming to the Web3 space, they actually willing to do this. It is convenient for them to come and execute the transactions on
the blockchain. So we have been looking into this space and trying to understand what is wrong, what is fundamentally wrong with blockchain that prevents the mass adoption, right? There are some factors that unfortunately it is hard for us to influence
And this is, for example, the bad outlook on the blockchain from many Web2 companies. They see the problems with the regulations. They see the problems with lots of scam happening. Five-year-old people were talking about drug dealers.
and traders like God market and goes guns on the blockchain. And this sentiment is something extremely hard to change. However, besides that, the raw
intrinsic teenager problems of the blockchain as a technology. And these problems are around user experience. So imagine that we have a big gaming company.
For example, game loft, they are producing great mobile games that have lots of users. For example, asphalt. Asphalt series is their game. So imagine that tomorrow game loft, these regard in all of this bad sentiment of the industry says, "Okay, I would
like to onboard to the blockchain, I would like to move the users of asphalt into the blockchain. What they are going to see? They will need to explain to the users that they need to create a wallet. In this wallet, they will have the ownership of the assets.
that they go into choir within the game. This potential, potentially, this thing can be moved inside of the application, but then obviously the risk of question, whether the user is owned in this instance and not the game locked. Okay, but after this, users somehow would need to obtain crypto to transact.
So in order to do this, he would need to go through the KYC procedures. He would need to go through centralized exchanges or on-ramps. And most importantly, this is going to be a separate business model that is completely disconnected.
connected from the asphalt itself, right? Where people are just buying skins and buying some other things. Unfortunately, I'm not asphalt users, so it's hard for me to say what is the actual business model, but it is typical for the mobile games, right?
So, so, user is going to be lost in all of this things, right? KYC, he never asked, nobody asked for the KYC data from him before, right? So, it's going to be a failure. There is no
There is no technical things that are going to help. And even if there will be an ad-drop to the user to execute some of the transactions, it's going to be extremely hard to execute this ad-drop all the time.
Moreover, you are not able to air drop the tokens because Gary Gansler is going to come and say, "You're talking as a security and what you're doing is distributing your security token to an unaccredited investors," which means that SEC should be
should be protecting these people from this. So how to overcome this? And it seems that we have a solution to this, right? And the solution is pretty straightforward. Well, the problem of the blockchains is crypto.
figure out a way how people will still be able to transact on the blockchains but without any touching of the crypto. And it turns out that the approach of Aurora being a smart contract on top of here is the perfect way how to achieve this.
Because the transactions that users are creating, they are EV and transactions. This is for Aurora, right? However, the execution environment where they're executed is near virtual machine. So there is this thin in the middle that transforms
theorems, ethereum transactions or ethereum compatible transactions into the near transaction, right? We call it RPC, right? RPC receives these transactions and then creates new near transaction and sends it to the near protocol and during this process some near tokens are attached to the creation
to this transaction. So in fact, what is happening is that the user needs to pay to RPC a little bit of money for the execution of transactions, while RPC pays near tokens to the near protocol for executing these transactions, right?
And here we go. So, user is not directly exposed to owning crypto in order to execute transactions. The business model in between the user and
the RPC can be absolutely different. So for this, we've developed specifically two solutions. One is called Boreal is Business that allows businesses to pay for user transactions
So the business is able or adapt is able to come to Borrelas business saying that I would like to pay for the transactions that are coming to this smart conflicts with these restrictions. For example, NorthModern 10 transactions from a single user with
within an hour or something like that, there might be multiple restrictions obviously. And then for this user, the transaction cost is going to be zero. It's the app that is paying to the RPC and this can be done in the end of the month, just the community of
and stuff like that. And this thing would be an absolutely killer feature for game love that would like to launch asphalt because then they would say, okay, look, we are going to use blockchain as a tool to increase engagement.
of our users. We are going to give them NFTs and they would own this. We are going to translate the value of owning their own skins or their own stuff on the blockchain. And because of this, they will be more engaged. They will be willing to buy more season passes
or gems or whatever, so game loft is going to have more revenue within their own business model than they have at the moment. While portion of this revenue they are going to pay to the RPC that is process and user transactions, that is using these
money buying near tokens and creating transactions that are executing on the near blockchain for it. And this is the site of the business that I was describing. And there is another site, the site of the user, that we are also trying to approach and trying to
to give a convenient solution. And for users, we are in the final stages of development and proven improvements from the major marketplaces. The solution that is called Aurora Pass, and this is the wallet. This is a simple wallet with
to user interface without a notion of a per transaction fees on the blockchain. Literally this wallet works as your Apple wallet for Apple users. They most probably are using this. So there is nothing inside.
It is empty. The only thing that this application is doing is able to sign transactions and it is able to authenticate transactions and the price for these transactions is always zero.
This wallet is specifically tuned to be used by web2 users, ordinary web2 users, that I will into work with the use cases that are paying for the transactions of the users. There is also a fallback that is integrated in the
In this particular work, the user can pay himself for some of the transactions. But not on the per transaction basis. Instead, the user is able to buy a pack of 500 transactions, or a pack of 5,000 transactions in order to be used.
So this wallet can be viewed as a blockchain provider, right? It's an access to the blockchain, right? So the model that we are introducing here is very, very different from what is there.
in the Web 3 world and at the same time it is absolutely the same model that exists in the Web 2 world. Every time when I'm watching YouTube, YouTube's CDN content delivery network is serving me a video. Every time when I'm hitting some endpoints of YouTube cloudflare,
protecting these endpoints from overuse. I am not as a user paying to cloud for a fraction of a cent every time when I'm hitting their endpoints. I am not paying to YouTube CDN for serving me the video. What I'm exposed to is only the business model of YouTube
and it fully covers all of the costs that YouTube has inside of their business, including CloudFair, CDM and other services that they are using. This is what we are bringing with our UX focused solutions
like Borough, it is business and AuroraPaths. We are moving blockchain tech and its business model down this tech and we are removing the necessity of exposing this business model to the end users and this we believe is the past towards the massive adoption of the blockchain tech.
Awesome Alex. Yeah, it's great that you're bringing a suite of industry first products thinking outside the box and looking for the future for Web3 and Crypto and the blockchain as a whole. And you've also got the Aurora Rainbow Bridge. Can we discuss the functions for the Rainbow Bridge and if there's any sort of security?
Security concerns what security is built around it is there is a open sir hanks which we've had in the past 12 months have been some quite serious ones or is it a different type of bridge? Yeah, absolutely. More or less is a developer and maintainer of the rainbow bridge, one of the biggest bridges in the world. It works in the
has been near Aurora and Ethereum, so the main connection point is from near ecosystem, why near ecosystem and Ethereum. It is built on the principles that are close to IBC principles. For those who know IBC is the protocol that is working inside of
the Cosmos ecosystem and we'll introduce actually before IBC. So probably I've seen mistaken some of the inspiration. And the idea behind it is that we don't need to have an additional committee that we need to trust. We don't need to have breach validators. We don't need to have anything
in between the consensus of networks. And it's enough to trust only these networks consensus. So there is a very complicated technical architecture of it. We can get into inside of this. But the core prints
is that this bridge is trussless, permissionless. It is expandable, so anyone is able to write what we call a connector and bridge any data across the bridge. It is also free to use.
And it gives an opportunity to transfer anything that is stored inside of the blockchain. If we're talking about Ethereum blockchain, then we have three collections.
that are stored on the blockchain and these are transactions, the list of transactions, so the correspondence of the hash of the transaction to the fact that the transaction was executed, then the storage of the blockchain
So it means that what is recorded inside of the toxin. So for example, for ERC20 tokens, the macn in between the user and the amount of tokens that the user owns, this is something that is stored in the storage. And the third thing is events.
that I am made by transactions. So during the execution of the given transactions there are some log and information that is produced and events are constituted in one of the parts of this logs of the transactions. So all of these things can be transferred.
Thus, the security assumptions of the rainbow bridge is much lower than the security assumptions of the bridges like, for example, multi-chain. So when using multi-chain, you need to trust the set of validators of the bridge.
which is not the case for the rainbow bridge. Now, before the crash of the market, rainbow bridge was hosting more than one and a half billion in stablecoins and other liquid assets on the bridge. That was pretty big burden.
for us. And there were multiple attacks that were targeted in Rainbow Bridge and all of them were resulted in systems automatically resisting this attacks and causing the attackers lose their money around five-eath.
So by now, Rainbow Breach hosts around 500 million in liquidity in it and has not been hacked at all. We have a pretty successful bounty program that is working as a final result, a final protection measure.
We are extremely thorough in all of our security procedures because we understand that we are holding the assets of the users and this is something that is extremely important. So yeah, that's the short story about their indulgence.
Okay, that's great to know Alex and you've got the Rura down, you know, I was reading but I think you've sort of clarified earlier on that it will be based on how many tokens you hold, how many votes you get because I was going to ask if you've got a diverse representation on the panel and what sort of votes take place.
in the past and what votes will take place in the future that will shake our our direction moving forward. Yeah so at the moment the world now consists of as far as I'm just as far as I'm going to remember 13 or maybe 14 councils these are represented by pretty big
companies in the crypto industry, including giants like Etherscan, Oneinch itself, Krovaland, Infura, Consensus also is a bigger entity rather than Infura, is also a down member.
But the intended flow is to give an opportunity for ORO token holders to vote on the elections for the council members. At the moment anyone is able to participate in the Dow discussions.
go to forum.or.dev. This is an official governance forum for Aurora ecosystem and raise any topics there and stimulate any discussions there. It is completely open. It is happening absolutely off-chain, China. And once there is a preliminary
agreement the vote can be put on the vote for the current council members, right? So this is a pretty similar approach to what for example, Eunice Wopper is doing, right? You first need to start with the proposal in the forum and then once it can
goes forward you can do it. You can do the voting on the chain point. So yeah, absolutely open to anyone. The token, the order token is used for the before
the elections of the council members. One additional thing that I would like to mention here is that this is an intended usage of the auto token. There is no single election yet happening, so the Dow was formed around
a little bit more than one year ago. So the Dow is pushing towards the further decentralization and because of this Aurora token was launched, VOTE token has been already deployed and the distribution of this token started already. But the
no elections yet as of now. And there is no procedure that is approved. There are generic thoughts around the procedure, but the procedure for elections is not yet approved. And we are still going through this stage of discussing how they should be done.
Can we go into Aurora's partnerships and the relationship Aurora has with the near protocol team? Does your core team discuss regularly with near protocol musters sort of relationship? Yeah, absolutely. We have
like near is our biggest partner obviously. We started as a team inside of near and then we spun out as a separate organization. Our partnership is absolutely great. I was two weeks ago
sitting with the CEO of New York Foundation, we have an immediate of five hours long. Then last week during the EFTA conference we have been having joined events and joined activities there.
Right? This partnership is essential for us all, Christian. Right? So it is an absolutely great condition. We, I hope, I think we are viewed as one of the core projects and protocols for working on top of Nier.
We understand that if we are moving near, pericle forward in terms of the use cases, in terms of the adoption, near is helping us too. So this is going to have fruitful win-win partnership in between these two mechanisms.
Okay great Alex and it looks like you're building in the bear market it's a great time to build and you've got lots of a suite of industry first products coming out and through out to 23 for a aurora which is great because in the bull market there's not so much time to build so you pick the right time and that's what we do at Wellcoin Talkroom
or is building in the bear market but not as much time to sort of look at things once the whole market has come around. So I'm wondering what the marketing plans are for the rest of 2.23 what's going to happen for Aurora? Yeah, so I think that we are like I'm fully with you.
so glad that bear market is here. The amount of strange people around you that are trying to sell their strange project that doesn't have any connection with crypto doesn't share any of the values of the blockchain
it reduced dramatically. So now almost all of the conversations that I had last week on e-tember, they were substantial, right? They were having something in it, right? So that's super great.
reduction of the noise is a super great. Now talking about the marketing initiatives in 2023, I can say that oral account was for us at path that was taken two years.
We were thinking about this solution from the very beginning, and that was something that was dictating the architectural for enough finally this solution is there. Obviously, it is the first version, there are some additional things that we would like to do as engineers, right?
always want to do something better. In terms of the global stages for the company we are moving towards the era of integrations, of lending or account instances and
secure partnerships and moving on with this. So I can easily say to everyone that you should anticipate the increased activity in terms of the partnerships in terms of the marketing from Aurora because of the natural cycle of the development of tech.
and communities start with development tech up until the point when everything is there and we are at this point and after this the technology is solved or the technology starts to go into communities and then these people are starting to
starting to use this technology. So we are here. I would say that anyone who is following Aurora should expect that there will be more market in partnerships and deployments in the rest of this year.
Okay, it's been great speaking to Alex and now we will open it up to Space's questions. We've got quite a few hands up so they might have one to discuss anything that we've discussed in today on the Space's. Let's move to Asia. You have a question for Alex at Aurora. Go ahead.
Yeah, thanks Glenn. How Fred in the blog section that Aurora Labs have recently introduced a partner program that provides support to builders, mentorship, marketing, business development and other initiatives. I'm interested in
learning more about the requirements that project teams must meet to be considered for the partner program. Additionally, I would like to know how projects are evaluated and the number of team members involved in the wedding process.
this for this question indeed anyone who would go to or or the dev/partners would see the page for for this partnership program. This is something that was coming from our you know the set of requests that we were receiving
from the teams that were willing to deploy their solutions, or before or at work, or are made up, that they need to have some help with funding. They need to have help with business development, mentorship, they often put young teams requiring also some additional experience.
experience or like validation of the ideas. So this process is open for everyone. This place, this form is open to everyone. At the moment, inside of Aurora Labs, there is a round, let me count.
Around 7 to 8 people who are taken care of these requests, we are getting quite a lot of them. Obviously some of them are full time, on this task and others are kind of part of time. We have engineering resources that are located here.
So the apparel engineers and integration engineers that are working with this request too. And besides that, we have some analysts that are able to validate the ideas and also establish the connections with, for example, VC funds in case the project is looking for funding.
The reason indeed, a validation of the project that has happened in as a first stage, in general, things that are important for us that we are looking for is all of the things that are relevant to the early stage startups.
So it means that this is a quality of the team, just the general sense of the idea and the general general sense of the approach that the team has taken.
I cannot say that the requirements are just insane. In case you have some kind of track record, as a set of individuals combined together, in case you have something sensible in terms of the idea that you would like to try out, most probably you will be eligible.
A great success story that I would like to share with you was, is the project that is called Out Indeed. These guys are working with zero knowledge proofs in order to prove the identity of people.
The application works flow-less. You just read, you just take a photo of your passport, it reads some security code there, then you just put your passport next to your phone, it reads the NFC chip from your passport, and now the application itself knows the data that is
and call it in the password. And the app is creating a zero-knowledge proof, so it is not sharing any of your data outside. But it is creating the zero-knowledge proof that can be used on chain, for example, to prove that I am more than 21 years old, right? Or, for example,
I am not a citizen of this set of forbidden jurisdictions for this particular application. So this project was enrolled in our partnership program. At the stage of an idea, they were getting access to our network
of off-missies, they were actually getting a grant from us also back then and yeah they are at the moment on the production stage and they are finishing their integration with Aurora right now and super happy. So yeah I would I would
I would encourage everyone, all of the builders. It's your time right now. Build, experiment, try ideas. In case you understand that you need help with this, we are here to help and share some of our knowledge with you to help you be successful. Don't hesitate to go to Aurora.debt/partners.
Wonderful, really wonderful. Thank you. Thank you so much for answering.
Thank you for the question, Aitshell. Let's move to Captain Levi. You're the question for Alex Aurora. Go ahead.
Yeah, thanks Glenn. Okay, so the first question I actually have is regarding the further you said that Arunala loves one of the seats on the tower.
So, I'm planning to find out what's happening.
The connection is not very good, but as I said, the Dow of Aurora, it works the following way. The rock councils, and there is a limited amount of them. Currently it is 13. These councils are voting for the proposals and they are
fully responsible for all of the protocol trasharing. And the oral perhaps is holding one seat or one council or in terms of the percentages is able to influence 7% of the votes inside of the oral Dow.
for the proposals to pass the need to have the majority of the vote. And it is viewed that the vote token, the governance rights of the wider community will be executed through
elections through periodic elections of this council members. Kind of looks similar with the country square, there is a parliament, right? That when every four or five years citizens are elected to parliament. And that's kind of
the way how things are working in democratic countries. So this is a pretty similar approach. Right? Users are having oral tokens, they're staking it, for staking, they receive an vote tokens. According to the vote tokens, they are able to elect council members.
which is kind of similar to parliament. And then these council members are able to work on daily basis through all of the different proposals and maybe creating their own proposals to move forward or ecosystem forward. That's how this then is working.
Okay, thanks for clearing that up. The next question I have is the fact that you actually made mention of 50 transactions a month. What happens when someone doesn't use all of his or 50 transactions a month? Does it rule over or does it reset? And in the event that someone uses up the 50 transactions
So Montau is the issue addressed. Yeah, thanks for the question. So literally 50 transactions a month is a premium model, right? This is what overall class is given to its users. It just allows for 50 free transactions to any smart contracts after this.
The user needs to pay for the transactions, the ordinary cost of around $1.2 per transaction. Once the month is finished, the user gets additional free transactions. In this point in time, his guest price goes to $0 and he starts to
use it happens absolutely automatically there is no need to do anything. So yeah user gets this free 50 free transactions and then the next 50 transactions that he's going to execute is going to be with zero gas cost. Afterwards again the transactions will cost something.
Thanks for clearing that up. Okay, here's my final question. I saw the disclaimer on your site that it uses cookies and I read the cookie policy and I appreciate your transparency.
But then why is the provision to reject the cookies not available? Because I understand that clicking OK automatically means that the necessary movements is the site's agrees to your cookie policy.
That's the first time I ever hear the question about cookie policy. Thank you very much. Let me check with the team who is managing the site. Which site are you talking about? Is this Aurora. Plus?
No, um, all right, it's up.
or order.app. This is not our website. >> Okay. Sorry. Give me a second to check it here. Yeah. I read the dev. Yeah. Or the dev. Okay. So this is our site. Right. Let me check. Let me check with the team.
why there is no option or just to make sure that there is an option to refuse the cookie policy and then users would be or people who are view on the website would be able to go on with it.
Thanks Alex for answering my question. I wish you guys the best and I hope that's for us this bullish moonward. What's you guys then? Okay, thank you for the question, Councillor Levy. Maybe Alex can sort of DM the answer over or send over a tweet.
Let's see, let's go to Rema, you had a question for Alex, I'll go ahead. Yeah, thank you, Glenn. Okay, so in relation to Rera, Silas, which are custom built, dedicated chains operating on Borealis business, I would like to know if
near or a rota protocol provides note services for these dedicated blockchains or if customers are required to have their own validators set. I'm curious about the maximum number of validators that these permissioned blockchains can accommodate in terms of expansion.
Okay, thanks, thanks, Rahman for your question. So, the initial validator set, if we're talking about raw file deployments, is absolutely the same as near protocol. Right, so at the moment in near protocol, there is around 400 validators.
and more than one and a half thousand full nodes. So all of these nodes have the information about everything that is happening in NeuroPriorical. And since Aurora Cloud Instance will be just a smart contract on top of Near, it means that all of these nodes will be from the first
block, having all of this information and hosting this information. So that's why from the standpoint of the decentralization of the protocol, any Aurora Cloud instance will by default have the security of the near protocol. Moreover, the
through Rainbow Bridge because of the architecture of the Rainbow Bridge there is an enhanced security that's near protocol as a whole is getting from this connection to Ethereum. I cannot say that fully Rainbow Bridge is making near an
to theorem, but in the majority of the cases, fully against retrospective attacks or the attacks of reordering of the blockchain, removing some information from the blockchain, near is acting as a roll-up on top of a theorem because of the rainbow
By the way, Ethereum is also acting as a roll-up on top of me from that standpoint on you. So yeah, so I'm just saying that the security of the solution is even bigger or higher than the security of the new
near blockchain itself. And this is something that would be by default available for every Aurora silo. Now, there is an additional project that is called Kalimero in near ecosystem, and it also works with Aurora and the idea behind that project
that it allows to run your own validator set and launch your own can a near network in this validator set. This is probably would be very important for the use cases where they are taken care of the privacy.
and they don't want to put any information on the public blockchain. So for this setup, I would refer to Kalimero network and to this project go there, Aurora is integrated with them. So in case you would be willing to have an EVM instance
working on top of the private, sharded solution, then this is something that can be done. But still, the core infrastructure should be delivered by Calimato. By the way, have developer plans that just launched and they have a free trial period.
So you literally can launch your copy of Nier for two months or sorry, probably two weeks time or directly on their website. Check out Kalimaru.net. Yeah, sure. I will check them out. Thank you for the clarification. How are you, Glid?
That's for the question runner and next up then is you had a question for Alex at Aurora go ahead
Thank you so much again. Okay, as I read work to businesses can easily integrate blockchain technology into their existing businesses using Aurora, but
I want to know how does a cloud handle interoperability with other blockchains and protocols or other existing web series solutions and what kind of standard does it support?
Thanks for this question. In general, inside of Aurora, we have a big set of integrated interoperability solutions. This set includes, for example, multi-chain bridge, so it is available.
So, the solar is in the latest stages of the deployment. We are waiting for this partnership to come into fruition super, super soon, probably within a month, in just several days.
a little bit more than one of it here. So they are very close to this. And there are tons of other solutions that are available. Deep-rich, old-rich, many, many, many other cross-chain solutions, including bungee, for example. So probably the ones
So you who are yet in other ecosystem, obviously you need to come to Aurora. Bungie is the way, probably for you to come. There is a big chance that you have heard of this protocol. So all of these interoperability tools are
integrated with Aurora Mainnet and as soon as you go into a land on Aurora Mainnet from it you can do just simple cross-contract calls to either move your assets to another Aurora silo instance or to actually interact with the smartphone
In order for you to figure out what are the actual interoperability protocols that are available, I would like to direct you to Aurora.Death/Ecosystem and these ecosystem pages
has this list of 230 applications or even more that are working with Aurora. There are filters there and it is super easy to navigate so you would be able to find lots of familiar names there and most probably the interoperability protocol that you prefer.
Okay, Alex, thank you for your detailed answer and yeah, you guys are doing really great. Thanks
Thanks very much, Ben. It's been great speaking to Alex today from Aurora. We've had a great discussion. The building's been great. Products for the future and yeah, we're always going to be wanting to watch for the future. As we say, well-quintoxpaces is for education, research,
to recommend you check out the Aurora website, the white paper and if anyone's got any more questions you can join the official socials. We've got the Aurora logo here, Twitter space, if you click on that it will take you through to I think they've got the social there for Discord so if anyone's got any questions after the space is
is just trying to discord and you can ask in there and it's been great speaking like I say Alex and thank you very much for coming in and take care. Absolutely thanks for having me here and thank you very much for your community for coming up with
with the great questions. It was really nice spending this hour with you. Feel free to reach out to me, guess you have any additional questions and pretty active on Twitter. You're able to find me behind the handle Alex Orohdev.
Okay, great. Thank you very much, Sean. I'll finish the spaces and that will be available for another 30 days or lots of people listening back as well.