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Hey, what's going on? Autumn and Rebecca. How are you guys? Good, good. How are you? Can you guys hear me? Sleeping shirt. Yeah, a lot of clear, man. Great. Good, great. Thank you. Awesome, awesome. Can we get the Glitch protocol account up on stage as well? It's optically looks great.
Yeah, we're here. I just requested as a speaker. So we just bring it up nice. I don't see the request oddly enough. I don't know active. Wait, there we go. Nice. Get some getting some feedback there. Okay. No worries.
Before we get started guys, do you want to give our audience, and I know we're beginning here a few minutes late, no worries, we'll make it up for it at the end. But do you want to give our audience a quick background into yourselves, your origin story, your career trajectory, and then how you ultimately made that jump into Web 3?
Yeah, so I can get started here. So yeah, my name is Ram and the marketing manager for glitch It's a pleasure to be here. I've been in crypto now since I guess the beginning of 2017 I've been working in the DeFi space basically ever since then
And essentially my journey in the space started off in San Francisco where I basically got a lot of networking there and grew up my network and you know essentially that's kind of the place where you wanted to be when you first started out building your portfolio and crypto
and just meeting new people and experiencing life there. So that's kind of how I kind of jumped in and I really just jumped into the deep end over there. And so I met a lot of great people over there and since then have been
Working my way through glitch here and I've now been I glitched now for Coming on on a little over two years. And it's been a blast. We've we've we've done so much here at glitch and we're getting to launch some amazing initiatives here. So really looking forward to that.
Hi guys, I am Begg. I am the Senior Community Manager at Goliath. I've been in crypto about four years now. I started off with a background in
events and digital marketing and just sort of found a love for DeFi and all things decentralized and yeah I've been on board with Glitch for a little over a year and a half. It's been really
great, learning lots and the things that are getting very exciting. Beautiful. I am also part of the class 2017 and with that said, guys, give us a quick overview of the glitch protocol and what
What do you need to be sure are? We said apart from other blockchain ecosystem and even platforms on the e5 space. Yeah, thanks for asking that question. Please make sure you meet your mics when we're not speaking otherwise it causes a lot of feedback.
Okay, cool. Yeah, so thanks for that question. Glitch is a great project. Essentially, it's a layer one blockchain. And what's different about it is that it really caters to decentralize money market applications, right? Because there's so many change, there's so many layer ones out there that claim to solve
The scalability, trillema, or they claim to solve one thing after another. But today, no single blockchain really is kind of fulfilled all the requisites to foster like a stable devi economy. Because every single chain offers different solutions, every single chain offers different challenges.
and limitations like scalability, high transaction fee, significant down times, but what really makes glitch stand out as a layer 1 blockchain is its primary key to focus on decentralized markets, right? Because like as an example, what we like
to say is that there's other blockchains, they try to cater to all the deops in the world, right? And so they try to act as the jack of all trades, it's kind of like what we like to say. And all that really does is create a lot of network congestion and that's linked to high usage. So by just focusing on defying
We're able to have a more thriving DeFi ecosystem because it's targeted just towards money markets and it enables transactions to kind of go through quicker. But one of the key features for Glitch really is its unique revenue sharing mechanism. And I like to talk about this because it's so, it's
It's a pretty unique idea that's in development right now and essentially it works to offset transaction costs and reward those that participate in consensus. So essentially validators and whatnot. And a portion of the DFBs will be collected and utilized according
by smart contracts and then it rewards those that are participating in consensus. So and the way essentially it distributes them fairly and so yeah and what we plan to do with the revenue sharing model is also plug it into the Glitch decentralized exchange
that we're building. So again, those swap fees not only will go to liquidity providers, but also to those securing the network. So essentially think about, you know, deApps connecting to a revenue sharing model and then all those fees go directly to those validating the network or
So that's one of the really key benefits that glitch claim offers. One other thing that we like to talk about here is that glitch is also built on the substrate framework. So essentially it enables increased flexibility and accessibility for developers because it's a very important thing to do.
they can develop their smart contracts with any language that can compile to WebAssembly. So that really increases the accessibility to a wider range of developers out there. So yeah, Rebecca, what about you? What do you think?
If you want to add a little bit more to this. - All right, yeah.
No worries. While Rebecca tends to her dog, I had a question or rather, I wanted to kind of regurgitate back what you said. So basically, instead of building a general purpose layer one, which is what we're seeing a lot,
So many general purpose layer ones without a real focus. You guys are focusing on DeFi, decentralized markets. And the structure that you built allows for all these DeFi fees to be congregated with the smart contract. I'm not a developer. So I'm trying to break this down in layman's terms.
What you guys designed here is smart contracts and code that congregates all these fees from the various DeFi applications built on glitch and it redistributes some of them to or if not all of them I didn't catch that part to the individuals who are validating the network correct.
That's correct, but it's it's not all of the fees. It's just a portion of it because part of the network the way that revenue sharing mechanism would work essentially is to offset some of the transaction costs. So like, you know, when you send a a thing on.
you get charge of transaction, I mean, honestly, on all their one blockchains, you will get charge of transaction fee for your transaction, right? But for glitch, what we're trying to build here is the revenue sharing mechanism. It essentially will lower the cost of transactions and then it will also, so like that's why I said off
set the transaction costs and then it'll just distribute what's left to those validating the network. So it's still in development but what we're building is something truly pretty pretty cool. I mean it's been in development now for about two years so buddy
Yeah, that's a sense what it is a great great blockchains take years to develop so I really I really appreciate the slow yeah, yeah, I appreciate the slow and steady point in the park chair You guys are essentially trying to achieve no fee transactions for the user
No, there's still going to be fees. I mean, no fee would be great, but there's going to be some fees. It'll just be minimal fees, really, really minimal. Like in the future, we're talking cents, maybe even fractions of a cent. It just really depends on the adoption of glitch and how many users are utilizing it.
and how many transactions are going through, how many DApps are launched, because the developers would have to link the revenue sharing mechanism to their DApp and then they would send a portion of the revenues to the protocol itself. Sure. Can you highlight
the consensus mechanism and how that works. Specifically for glitches. Yeah. Yeah, so it's a nominated proof of stake consensus mechanism. So it's more energy efficient than proof of work or other consensus mechanisms out there.
But essentially it helps just distribute power to prevent centralization. It just helps decentralize the network a little bit more. So that's just on a higher level. I mean, I can get more technical about it, but it's a nominated proof of stake in Census. So what are what would be the requirements to run a node?
Okay, great question. So this would be 88,000 glitch and then plus a little bit of network fees. So we'd like to usually tell those who are interested in running a node, you know, it would be good to have about like around 90,000 glitch, but you really only need like 88,888.
And it's like a play on, you know, words with the numbers there. But that's essentially what it is. And then if you're interested in actually running a validator, what we plan to do is launch a validator web page on our website, but we do have a main net
and on our social media. It's also on our website as well. So if you're just shooting running a node, you can get rewarded on a monthly basis for the blocks that you do validate. And then, yeah, it's about 88,000 glitch. And then there's some requests for the block.
requirements there on an Excel spreadsheet that we have and the webpage that will go out a little bit later this April will kind of showcase everything directly on the website. So you don't have to navigate through a couple of medium articles to find everything you need. It'll just be directly on the website.
Yeah, and I just wanted to add on that that you can find all those requirements at docs.gl.finance. So yeah, if you are interested, you can find the requirements benefits programming
all of that in the docs. Awesome. Guys, I noticed here that the Glitch token is an ERC 20, there's an ERC 20 token. I'm assuming that once Maynet launches,
people are going to be able to take their tokens over to the Gwich, the main Gwich network. Are you guys building an EVM compatible chain or would love to hear more about how users can interface with Gwich?
Yeah, yeah, yeah, great question. So, Glish is EVM compatible. When we do launch the main net, this may essentially open up the bridge. So you'll be able to swap your ERC tokens into the native main net tokens. And the most of
holders are on the Ethereum network. So we're just going to launch a single contract and have people bridge over from the east to the native glitch. If you're holding on by an answer, you'll have to bridge to the Ethereum and first and then to the native glitch. I think our development team is actually working on a finance bridge in the future, but right now they're just going to launch
the bridge with the Ethereum side of it and so you'll be able to bridge your tokens to the native chain and hopefully that answers your question. Yeah, definitely does. So being an EVM compatible chain, are you guys in talks with Joggernaut's like, sorry, being an EVM compatible
layer 1 that's focusing on DeFi, are you guys in talks with juggernauts such as Ave Curve Uniswap to have those protocols expand over to Glitch and maybe Office of liquidity incentives? I think I know that liquidity incentives are not what they used to be
But I still think that they're a great way to attract big money over to your ecosystem. And then from there, they kind of notice how awesome it is. And a lot of the ends of staying. I've noticed that trend, not just with polygon and A-backed sea chain, but you're seeing with Arbitrum. You saw it with Optimism. And you might see it with Metis over the next few weeks.
Yeah, yeah, definitely. Yeah, definitely.
Sorry, one second. No worries. I can repeat the question. I don't know. Maybe I cut out. I can repeat the question if you like. No, no, no, no. That was my father was a couple of cats all over me. Sorry. Like you can't actually repeat that. You got cats and dogs in the space.
But yeah, no, in short, are you guys talking to juggernauts like? Yeah, yeah, yeah, yeah, yeah, so I got your question there. Okay, great. So and those
Those big DeFi giants, I think we're going to get there right now. The core focus right now is to just launch the main net and essentially work to on board developers. That's kind of our focus right now.
And so we are actually looking into our grants program as well. And we actually have a lot of interest to build on the chain. We're talking to a few grant programs. So that's great. And we do plan to offer some grants to those developers.
want to build on glitch we can talk about that a little bit later. But going back to your question, I think we'll get to integrate. We do have a list of our partners on our website. You know, we're partnered with router with Orion and chain link and whatnot. So, you know, those are kind of the
partnerships that we are prioritizing in terms of activation because it sets the foundation for everything and then we'll more so focus on expanding glitch to other, you know, their change or their protocols and integrating it and whatnot. But we want to start somewhere and then build from there.
So you kind of talked about some of the benefits that Glitch brings developers and users of DeFi applications. Feel free to highlight more of those if you haven't shared them or also would love to know more about how the revenue sharing mechanism on Glitch is going to incentivize developers
is to create high quality dabs and drive platform adoption. Yeah, yeah, sure. I can speak a bit on the revenue share. So the revenue sharing mechanism as a RAMSET rewards successful dabs that create is receive
a portion of the transaction fees which are generated by their applications. So that drives developers to create high quality and user-friendly gaps that attract users and generate revenue. And as developers create more high quality gaps, the platform becomes more attractive to users who benefit from a wider range of DeFi services. And the right
new sharing model can will also lead to lower fees for users as developers are more willing to produce costs to attract users and increase adoption and this in turn will contribute to the overall growth of the glitch ecosystem and as more developers create DAPs on glitch and more users adopt the
platform, the network effect takes hold and increases the value of the platform, which attracts even more developers and users, creating a positive feedback loop. And that will fuel the further growth and innovation on the chain. Sorry.
Yeah, sorry, my mic button on this phone is just not that good. I don't know what's going on with it. So.
By the way, beautiful breakdown Rebecca. Thank you for that. And I want to talk a bit about the projects and applications you envisioned being built on glitch. I know that Audem said that
You guys are focused on DeFi, but specifically what type of DeFi apps and use cases do you think are going to gain the most traction on Lich? So as As Ram had mentioned, I glitch Kater's to Money Market.
So the type of protocols that you're we'd expect to see are lending and borrowing protocols, prediction markets, decentralized MMs, yield farming protocols, NFT marketplaces and such. And we actually recently completed a poll with our
for a community and over half of the community members that voted did say that lending platforms are the type of gap they're most excited to see and that was followed by NFT marketplaces and prediction markets. So that's pretty interesting and I'm definitely excited to see all through those particularly NFT marketplaces.
are quite like that, but landing platforms, that's a very popular anticipated type of data from our community. So it's going to be great. So playing Devils Advocate here for a moment, these types of dApps exist on Arbitron
on Ethereum, on Polygon, on Avax's C-chain, on Optimism, on Metis. What do you believe will be kind of distinguishing characteristics or the distinguishing allure of the money market protocols built on glitch?
So yeah, go ahead. If you're a bucket, you do want to have started off for you.
Okay. Yeah, I mean, it is, I mean, so these these protocols are on other chains, but just wanted to link it back to, you know, again, how glitches like, you know, tailor to these windy market dApps. So you would, you know, you would essentially see the
know, lower fees if you were to utilize those doubts on glitch. And, you know, all the things that we had mentioned, when you can't deal with the revenue sharing mechanism, as some claim when it's available, I think that will really generate a lot of interest and a lot of activity on the chain. And these lending protocols
You know, or any of these D5 mini markets, they really can, you know, grow their user base through the mechanism, but more so through the adopts and the app, it's being able to get with all the, you know, the other things that we're planning as well. So I'm not sure if that exactly after your question, but we can further expand on this.
No, no, it's crystal clear. I guess my question was coming from a place of... I find that fees on arbitrum optimism metis
A back to C chain are already negligible and so The whole like low fee thing to me I will I'm always kind of scratching my head like well what else right and I'm sure you guys have a little
a lot of great stuff cooking, but I sometimes put my devils out of the kit, tinfoil hat on and just try to ask these questions so I can better understand as a student why
people would gravitate towards glitch versus another ecosystem that also offers these sorts of applications and cheap fees. Yeah, no, that makes sense. You know, there are a lot of layer ones.
out there, let's be real, right? There's a ton of them. And all these layer ones, they always claim to solve something else. But with Glitch, you know, it's, it'll be pretty interesting to see how the revenue
mechanism works in production because you know I'm even wondering the the results of of of of of how that ecosystem and personally I don't really see any other layer one that kind of has
something like this. So, to me, it is a lot different. And when it's put into the task, I think that the potential use case will show itself a little bit more. As opposed to just talking about it.
Right on, no, I love that and I completely agree. Can you guys tell us a bit more about the build on glitch program and the kind of support the developers can expect when starting to build their products on like a glitch port at all?
Yeah, so the build on glitch program is an extension to the grid of the glitch grants. Essentially it incorporates it and the goal for the build on glitch program is to incentivize development on the network. So some of the things if you wanted to apply to a
build on glitch through a grants program. There's a lot of benefits that you would get such as becoming an official glitch de app. So essentially we would do a lot of cross marketing support for you. We would do you know, retweet your content on your social media pages. We would do AMAs. We can do some PR.
Some growth marketing with them. We would also offer a lot of technical guidance through our developers if they need some help. We can offer that to them. We would also offer direct communication with some of our team members that are
in a telegram chat, which we do have one open. It's called the Build on Gledge Telegram group. There's about 250 to 300 people there. We just started building up that group and within a week and a half, we already have 300 developers. It's just within that group and they're all pretty active in talking to each other.
So that's pretty cool. Some of the other things that you can get is partnership introduction within our network. So we have a list of partners if you're a dept developer you can. And you do receive a grant. Then essentially you would be able to introduce you to the CEOs.
or a partner projects here that we formed and introduced you. And then lastly, we would offer milestone based funding opportunities. And so this would start at 25. So depending on what your goals are, we would be
offering you know funding to in order for you to develop your G app and in order for you to grow and and and months on the Gwitz blockchain. So these are just a few things that developers would get. And if you're interested in applying to the grants program you can do so on our website, which stuff finance, there's a drop down
And then you there and the developer is you can click on grants and read all about it. And you can apply to be a grant member and receive a grant if you're interested on building on glyphs. And then you can also build on glyphs without a grant. I mean, if you don't really need one, but it's great to get some funding and launch your D.I.
Love it, love it. Guys, with the upcoming launch of the GACS College, what impact do you expect us to have on growth and adoption?
Yeah, so the GX, which is the glitch decentralized exchange, it can potentially impact the growth and adoption of the ecosystem significantly. The GX will attract new users and increase over activity on the network. And as the GX operates,
will operate within the glitch ecosystem. Users will be encouraged to provide liquidity in multiple ways, including a liquidity program to create an efficient market for glitched based tokens. And the Gax can attract new projects and developers to build on glitch as it provides
provides a place for listing and trading the tokens. It increases the utility and the demand for the native glitch token as users may need to use a glitch on chain, providing liquidity or paying transaction fees. So revenue sharing also has
the greatest potential to impact the ecosystem as it contributes to the gex. Some fees from the gex, as we spoke about earlier, and it got going only to the liquidity providers, but also to the validator securing the network, which incentivizes participation in different ways.
beautifully put Rebecca next question let's see what we got here guys so security is huge in terms of security what measures have been put in place to ensure the safety of which protocol the projects and the users that built on it
Okay, so glitches really just positioned as a security focus blockchain and what we've done so far is implement some industry standards
encryption algorithms around the bridge. And we've also been doing a lot of UAT testing, a lot of regression tests and whatnot, a lot of internal tests. So we have a great
We have a great QA team doing that. I mean, that's just like the fundamental thing that anyone really should be doing. But what's unique about what we've done as well is that we've actually formed a partnership with Curtis. I'm not exactly sure if you have heard of them or whatnot.
But they've worked with you know, Apple and they were completely they worked with. So on and near for a to call some other blockchains there. And what the intention for that is is to allow our developers internally and external developers that build on glitch.
test their code in isolated devnet environments before it hits production. So this is a really, really, really big thing that we're working towards. And we still plan on on on integrating their their their toolkit. So that's one of the
ways that we're really prioritizing security and ensuring that the developers that build on glitch have the necessary tools to ensure that there is no critical vulnerabilities before it hits the production. So users can utilize their dApps without worrying that they
you know, all their money is going to be taken away. You know, but again, there's always risks with smart contracts. And smart contracts are an evolving technology. So, you know, even with that, it's best to just get a network on it anyways or like a smart contract audit. Sorry.
Because it's it's it's good to say safe like if and and and and really provide that transparency and trust your user base. But this is just one way where we're trying to ensure that glitches prioritizing security. Because you know, I haven't really seen any other layer ones like do anything.
You know, to this extent at least push it to this extent, you know, besides a couple of the major ones, which we're going to be under their belt at this point. So, and we're also completing a network audit for the main net. So, and so that's kind of also some fundamental thing that, you know,
Any where one should be able to do is to complete a network audit and we're finalizing our discussions with two crypto auditing firms. We're just going to make a final decision on one pretty soon and then we'll let our community know. We're engaging with these are all just some ways that we're prioritizing security.
Right on, love it. Guys, any major updates on the glitch roadmap that we haven't highlighted so far in the broadcast?
So, yeah, so, um, aside from that, we have currently developing and testing the native smart contract functionality, um, and carrying out regression of functional testing of the bridge contract, which is for the token swap process.
Once the native smart contracts are out, then the team will continue to develop on the GERC, also the Staking MVP, which will allow users to nominate up to 16 validators on the network. Aside from that, there's also the network audit, which
around to share it on and we're also going to work to on board more validators for the future. The goal in general for Gurch is to slowly decentralise the network, upcoming after that is going to be the token swap with the centralized exchanges which will happen after the
migration via self-gustity and then also getting TVL but up in the ecosystem. So it's a process but we're very confident that we'll achieve our goals and our community will start exploring gaps on glitch in the near future. Yeah, we're also interested
And I'm not interested. Rock is all working towards a lot of developer initiatives. So that includes getting our internal developers to talk to the community, but more so around the educational aspect of it. So we do plan on having some developer workshops and initiatives with a partner that we're
going to be sharing relatively soon. So keep your eyes off for that. But there's going to be a lot of other developer initiatives and activity that we're going to push to incentivize adoption on the chain slowly but surely. So just wanted to add that little bit at the end there.
Guys, those are all my questions. I want to open up the Florida some audience members before I start taking community questions. Anything about glitch, the gags, the
validators as the proprietary code security that I might have missed that you guys want to highlight and make sure that people know about glitch.
Yeah, I mean ultimately I think that the native smart contracts are really seeing miles down here for glitch and it'll essentially enable developers to build on the team. And the native smart contracts really
is a kind of like a driving force behind the unification of the entire Gwitzbicka system, right? Because we've had products like the Wallet Alpha Explorer, the Brutus Alpha, but they were products where you kind of have to just utilize and test and whatnot. But the need a smart contract
will bring it all together and essentially will allow the ecosystem to function correctly. Not as a vision, because we're still building out the revenue share and all those critical features. But essentially the native contracts will allow the
to start building. So that's kind of like a really significant milestone that we're excited about. And we've been working towards for a very long time. So it'll be cool to start seeing some doubts and we're looking forward to seeing what the community will build. So yeah, pretty exciting times.
Pretty exciting indeed. Looking forward to seeing you guys go live and definitely going to play around with some of the protocols that are native to glitch. Say it, you're up first sir, Mike is yours.
So in the documentation I have read that transaction with the hired gas fees will be given priority in the queue. I am curious about the estimated gas fees
And how much users will have to pay to get the transaction process quickly in comparison to others. Additionally, if too many users are paying higher fees, won't this cause congestion and slow down the transaction process even for those who are paying the higher gas fees?
Yeah, that's also a great question. Right now, gas fees are going to be relatively low, but relatively average just because the hour goes just starting out. So you can expect to pay relatively average gas fees, but on the lower end.
When we talk about extremely low fees, that connects with the revenue-saving mechanism. That will really bring down the cost of utilizing glitch. Not only the developers, but for users too. We're talking sends to a fraction of the sender future.
the fees are relatively average, they'll be pretty low. Right now, not able to give exact numbers because we're still doing a lot of testing and whatnot. But yeah, I think we'll share more of those figures as
we started to approach the launch and you'll be able to see a test. But if you want you can use the test net. Right now it's available. Those fees are extremely minimal. Go ahead and you definitely can. Okay, understood. Well, could you put
Could you provide further information about the long term goals outlined in your white paper, such as offline transactions, scheduling, low court DAP, tools, holistic personal finance, this robot, crypto advisory and the glitch console. And additionally, do you have any timeline for the development of these features?
Yeah, so we're actually making better. It'll actually talk about the end of the list as well. And I'll think that we're doing that goes beyond my paper. So it's a little bit old. So we're actually making a new one.
But in terms of what what glitch will offer in the future includes that like that revenue saving mechanism. And we also also plan to transition glitch into a dial at some point. So in when you're actually asking about those exact specifications and
And those features, I'm not sure if I'm able to provide an answer to that, but all these things are, you know, being worked on and yeah, if you actually go on our website, there's a roadmap breakdown and it showcases exactly what we're actively working on.
So once we get the smart contracts out, then after that we'll continue to work on the revenue sharing mechanism to bring down fees and toward validators more. We'll build out the the staking MVP section where essentially allow users to nominate.
up to 16 validators and put their stake behind who they trust the most. And then we'll start to transition glitch into more of a like a Dow operation. And through that time period, we'll start to activate our partnerships and start doing a lot of integrations. But right now the core focus
to just launch the main net, get people to swap over into the native token and start giving notes and grants. So that developers can start building on books. So hopefully that someone answers. Yeah, yeah, got it, got it. Thank you so much for on saying I would do you know. First, yeah, thanks for asking.
Yeah, great question. Say it. Let's hop over to Captain Levi next and then I'll get to Soundreg after him.
Thanks Noah. Thank you guys for coming.
All right, so it's actually a nice innovative project. I want to face ask about your slashing mechanism. I think you touched on this before you actually mentioned on your white paper that for enemies behaving activities such as providing invalid data and missing blog
application, its delegators are punished by slashing 5% of their stack glitch, which is already locked. So how I wanted asking how is it possible to actually make this kind of punishment? Because how can you influence
it was actually already locked. And then at what points do the nodes, stocks being a trustworthy node, was the amount of punishments that will be incorporated in a node that makes it stop being trustworthy?
Yeah, so thanks for asking. So when we talk about slashing, there is a small slashing fee for validators who aren't monitoring their note. And that's why it's important to understand how to monitor and run your
because the user is that put their stake behind your active validator or putting trust in you that you can actually run it and make sure that it's not misbehaving. And the tokens are actually put into your stash account. And so this is, it is like a locked account, but it is
It allows you, or it allows a network to like enter in there if necessary and to take some of the tokens as part of the slashing. It's like a lot stash the canvas part of the mechanism.
I wish I was able to explain more about this, but there is a small slashing fee attached to it. And that's why right now at least to begin. I mean, we have about two validators from the community running and
We're going to start expanding a little bit more. But yeah, I mean, it's really, really critical to understand how to monitor and run your validated so that you're not subject to the slashing fees. And really it's up to the number of blocks that those values
And so if your node misbehaves many, many times, essentially the trust within your value will decrease and people will choose to nominate other validators that are in the same place.
and the network will, it's also, the way that it's being designed is it's a really decentralized model and it allows to put the control, or it allows the community to take control and to delegate who is in controls and network
at a certain point in time before it changes. Hopefully that answers your question at some capacity. Yes. Yes, it's actually, it's actually, so my next question is actually about the community's role in
I'm not on the note because here I can see that after the punishment is done and just like you said after the person doesn't miss the requirement again to be a practical working note. You said that the rest of the valid letters in the committee can claim that for that reward based on protocol who sets by the Dow.
So is it that the community votes in like a new node that will take that place or is there like what is there some kind of the highest and the best performing node take that role since that one has a higher trust score?
Yeah, yeah, exactly. So there will be 21 validators and it will just change depending on who validates it on the token amount and whether or not an individual person is monitoring their validator.
The individual values will change depending on all of those prerequisites. Ultimately, it is just depending on the community to make those decisions. It's kind of out of our hands and it's more in the hands of the community because glitches being built
and position in a very decentralized way or at least more decentralized than I've seen other networks, you know, because you've got, you know, you know, when we talk about, you know, other layer ones, I don't really want to make a name specific, but other layer ones have, you know, that number of validators.
You know permanent number who don't change who are in full control of the network and that's kind of more like a centralized model. So allowing the validators to change over time allows for a more decentralized model and it really is up to the community to make those decisions.
Okay, okay, I think that's actually quite a brilliant idea. My next question is actually about the on-dial technology and product section. You may be making a statement that you said that this must contract were mentioned are compatible with any JavaScript and the BSM. What's the architecture you
Captain Levi, I think you might have cut out there. Oh, yeah, you cut out there. Yeah, you can, you might repeat your question. You cut out Captain Levi, but you're a week in here now. So just if you could repeat the question from the beginning, it'd be awesome. Okay, am I going through Clare now? Yeah, yeah, you are.
Yeah, you're good. Okay. Okay. So I was talking about the technology and product section where you said that this mask contracts are compatible with JavaScript and WSM. I wanted asking. You also said that it's actually considering adding solidity. How about the
the order low level smart contract that are built using order programming languages say stick Python for instance, although those smart contracts will be upgraded over time. How do you handle smart contracts that are done in order languages or will you be adding order languages in the future?
Yeah, not so great question. So I would say rust would be the primary language, but again glitches this mark contrast is it's
When it comes to development as long as it's compatible to WebAssembly, developers can deploy their contracts in the language of their choosing.
really, really flexible. It allows developers to build out a variety of DFs with the language that they're most comfortable in as long as it's compatible to love assembly.
All right, I really, really appreciate your detailed answers to my questions, Aaron. Glitch is actually my anonymous cyber name. So I'm actually quite impressed.
I'm quite impressed with the glitch protocol itself. I wish you guys the very best and I really hope that the glitch protocol stays bullish more. Thanks a lot Noah.
Thank you, I appreciate your time and thanks for asking those questions.
Thank you Captain Levi. Great questions. Sound rig, you are the last but not least, go for it. Hello, good evening. How's everyone? Can you hear me? Yeah, we hear you. Amazing. All right, so we're going to say thank you for giving us the space.
I'm very, very excited to be here. I love what Glitch is doing and about to do. I think we've all been waiting a very long time for something like this to come through. For me, it feels like the, I guess, third generation of this technology.
and I think you guys are going to be the the trailblazers in this. I do have a couple of questions, but is it okay if I give some context to what I'm going to ask or shall I just ask the questions? No, go for it. Give some context. Okay, amazing.
Thank you. Oh, before I start, I just want to say hello Rebecca nice to see and hear a fellow Brit in this space because it doesn't happen that often. But okay, so Soundrig is a let me just start with is a for-profit social
impact business. So we are a music platform not solely but mainly focused on the independent upcoming and undiscovered music artists of the world. We're focusing on the huge demographic that the mainstream music industry does not focus on
And being that, so we also know that most of these people are in Web 2 still, they're not in Web 3. So we're building a platform that is what people are calling Web 2.5, right? So it's friendly to them, it feels like Web 2, but it
It's built on Web 3 and it has all the power of Web 3 but it is comfortable for them to onboard. What we want to do is onboard the millions of people who are creative and talented people from developing nations and also in the Western countries because there's plenty of areas of poverty in
developed areas that are overlooked, ignored and just put to the site. So we want to focus on these people and that's why Soundrig was built. Now what my interest really with Gleich is the interoperability, I think, sorry if I said that wrong.
And the fact that is creating the bridges between the chains, right? So we're going to have a music market place is what we want to do. But we also want to allow the artist to mint their music tokens, the music NFTs, what we're calling tunes.
on all chains and then those as those artists get more popular they will also grow in value rates so that's the context this is why we're coming from so I just wanted to ask Aram and Rebecca like when it comes to the actual NFTs themselves
How are you going to build the intro of operability? Sorry, trim or worse, the minimal words. How are you going to build that and how are you going to allow these NFTs to be sold and bored and interchanged between the chains that you're going to be operating on?
Yeah, that's a great question. Thanks for bringing that up. So in terms of interoperability, we plan to expand across. And so there's kind of gone crashing communication that we want to do when we add
specific to NFTs, I would say that we do look forward to having a native NFT marketplace on glitch and we would have to either, you know, we would
want them to expand the NPP platform to other change and to be integrated into that. I mean, that's a really great question. So we have to think a little bit more around that. But when it comes to specific DFs,
We're going to be working with a lot of developers to launch them directly on Glitz and then support them to expand Glitz and 3D apps in a more interoperable platform to connect to other
So that's kind of the goal. We also have a partnership with Darwinia that we plan to activate to help with that communication, but we have been doing a lot of crossing communication partnerships as well.
with the router, we just did one with O3 swap. It's not native to NIPs or anything, but it laid the foundation to getting to that point with NFT marketplaces. I think that's kind of the best answer that I can get.
and give for now until we start seeing some developers on the chain that will launch the marketplace, which we have received interest on by the way. So there will be at some point in a team marketplace on glitch, maybe even two, except everyone
It just depends on what they want to do. But we're working with a couple of individuals to flush that out a little bit more. And hopefully we can work some magic on the NFT space on glitch. So that's the best answer that I can give you for now.
Okay, thank you for that. Excuse the pun, but that was music to my ears. The music music place is what we're looking to do as well. And we want to make something that is a cross-chainspice. My philosophy is, or the teams as well, is that music is, it transcends
It transcends borders where it transcends cultures, transcends the whole universe, it's universal, it's music, everyone loves music, doesn't matter where it is. And so I was thinking, why is it confined to blockchains? Like, why is it tribalism, why is it tribalism? It's kind of like the record labels involved.
trying to keep music enclosed to their label but the old world thinking is coming into this space which is supposed to free people of that and we don't believe that should be the case. So Soundrig will be the place where minting can happen on all chains and the artists because they're at the heart of it right and
we want them to be the winners in this, they will be able to choose where they want their music and fts which we call tunes, again, are minted and it also gives the choice for the music lovers, the fans to come and discover brand new artists from all over the world and and meant
on the chain that they choose. So this is amazing to me that you guys are doing this. And I've got one more question. When it comes to the actual chains themselves, which ones are you going to like prioritize for now? And then
what's your goal to have in the future in terms of interoperability? Which chains are you definitely going to have and which ones are you thinking we can't really work with? Yeah that's a good question. Well right now glitch on the bridge right now is on Ethereum and obviously
a Binance Smart Chain which will continue to support because we have a lot of our folders on both of those chains. Beyond that, Glitch is built on Sub-State Framework, so Interoperability to Pokedot is something that we're prioritizing.
and then we'll expand from there and so the partnerships will be formed also will help support Polkadot Interoperability, Biden SmartKane, Ethereum. And then I'm sure we're going to expand until their networks beyond that. I've got to talk to this.
I would say we're going to prioritize and then we'll expand from there. So, but we are looking into it. I mean, like at some point I would like to see glitch.
expand on, you know, maybe that's where it. But again, I've got to talk to the tech to see what the plans are for that. I mean, I'll really fully understand that you have the size by the smart same Ethereum hooker dot. Yeah. Okay, well, I would love to help you guys with that if you
If you don't mind me sitting in on those meetings, that would be great. But I did actually think of one more question as well as going, listen to you, if you don't mind. A lot of the artists, right? So at the moment we have people in Africa and we, it's all about Bank Indian Bank and
up opportunities and stuff like that. We are at the moment having a little bit of trouble with off-framping. A lot of these artists, especially the ones that we have, there's one group called Golden Family, you just check them out. The talent is amazing and what they achieve with having
you know, to live on a refugee camp with very very little in terms of tech and equipment to record music is unbelievable. But anyway, so you've got this group in a Kukuma refugee camp in Kenya and there's we have Brutes on the ground in Ghana, Nigeria, South Africa,
Africa. And these are all finding artists in areas that we would never have access to. And we're giving them opportunities through the power of Web 3 to actually put food on the table today, because that's a beauty of blockchain way of, you know, they can sell music NFT and it will be
in their wallet like in a couple of minutes. That's amazing. However, the trouble comes when it's turning the crypto into their local currency or dollars or whatever they can use on their phone. So is there anything in the in the works for off-ramping
for the people in the world and there's probably a lot more areas than need this than you think, right? Is there anything that we're doing or glitches doing sorry to off-ramp and provide services for these people who we're trying to onboard but they can't get there because there's no
bridge between, you know, a crypto and a fee. That is a perfect question. You know, it's really funny because I actually just topped off the call with alchemy pay. So what we want to do is integrate crypto on ramp and off ramp directly to the wallet so they can
can purchase the native token directly through the wallet. And so we're working on doing something like that, either with alchemy pay or with ramp. So it's perfect timing that you actually ask that because we're just doing that right now. And we're in those discussions where we haven't made any decisions.
because we literally just started those conversations like three days ago. So it's in the works. We're going to start figuring out how we can integrate and when we can do that. Time frames, I would have no idea, but at some point it will come and we'll add it to the glitch wallet. Like the actual native wallet.
That's amazing. I would also like to sit on those meetings because I think we're working with NFTs might be a big part of the chain, right? So if you need any assistance or thoughts on that, I would love to help you with that. But okay, I've had the only one time. Yeah, yeah, go on. What I was going to say is that because we're
So I would say like the only limitations to that and this is just how I personally feel is that you would have to because it's you're dealing with banks and you're dealing with Fiat, right? So with that integration, if you wanted to use it, essentially you would have to KYC, you know, and that's I you know that's kind of like the
the only limitation that I would say it would be cool to have like an on and off ramp with no KYC but I don't think that's gonna happen with our current regulatory environment you know well I mean I can tell you from my experience right a lot of the artists in Africa they're saying that they have no problem connecting to PayPal and we already know
that PayPal has got stable coins, I saw a crypto on there. So if we had a mechanism that would allow us to turn whatever chain that we're selling these tunes on and then allow kind of like convert it into a PayPal
how friendly crypto, like they've got Litecoin, Bitcoin, Ethereum and another one, right? I can't remember which one it is, but if we had that then you would be able to access pretty much everyone in Africa because they all have mobile banking and that's how it works in Africa.
and maybe in the rest of, I'm not sure about South America and Latin and Southeast Asia, but just Africa alone is mobile banking and they all use PayPal. For some reason PayPal allows everyone onto this system, so they have that and they also have crypto and PayPal.
So if you could figure out how to help these people in offering using systems that are already in place that they're already using, then I think you're into a winner. Yeah, yeah, I agree with that. I think it really just depends on the provider, right? Like where to go with the brand for that?
I mean, like, I'm sure they have a lot of things to pay with PayPal, but you go through PayPal without KYC, I'm not sure if that's an option. I mean, I would love to learn or know or to connect with a platform that would do this, because we're so corded that
to do you find having a KYC really sucks, but it is a necessity when you wrap in and out using FIA. But it would be cool if someone were to build a platform where you can on and off ramp without having a KYC with FIA.
into a bank account. I mean, I haven't heard of anyone like that, but if someone builds it, we would integrate it. Well, I mean, I think PayPal already has KWC. They wouldn't be able to make an account on PayPal without KWC. They want, unless I'm mistaken. So they, KWC's already done on that side.
I mean, I guess like any other, you know, platform, I guess that goes beyond tape. How is what I wasn't. Impliant, but yeah, I mean, I think KYC is an necessity when you ramp in and out, which is an unfortunate scenario, but.
It is what it is. So, but just to go back to answering your initial question, there was an up and at some point to ramp in and out of the up through Blitz, the native wallet. We're just working on that. It'll take a little bit of time, but it will happen at some point.
Okay, I'm sorry for stretching that out. But I do appreciate it. And thank you everyone. It is a pleasure to be among you all. Thank you. Yeah. Yeah. Thanks for asking. Appreciate that. Yeah. Thank you so much for coming up. There's some thought-provoking questions. We're a bit over, but it's been an
incredible broadcast, the Audum, and Rebecca. It's been awesome talking to you guys, learning about Clitch Protocol. I had heard about you all back during the bull market, but it was great to dive deep, learn more. If you have any concluding thoughts for the audience, go ahead and share them now. Otherwise, it's been a pleasure.
Yeah, I know thanks. Yeah, I mean glitch has been in development now for several years and You know, we're nearing the launch of our main net. So again, it's it's it's it's really exciting time We had a couple of issues last year around the launch for me
that we've had to kind of scrap our libraries and build on substrate. But we're excited to finally launch this thing and get the apps built on the network. So just looking forward to getting everything out, looking forward to our community members using the bridge and bridging into the native token.
We're looking forward to giving out some glitch grants. We're looking forward to those developer workshops and quote along workshops and all the initiatives that we have planned in the pipelines over the next several months. So keep your eyes out. We're going to make a lot of noise and we're going to get some some individuals.
building and then that will lead us into the token swap with the centralized exchanges and the network audit and all those fun things that will share with the community. So look forward to that. Keep your eyes peeled. And yeah, I guess that's all for me. Rebecca, did you have anything you wanted to add?
No thanks, thanks for having us. It's been awesome. First basis is one of my new favorite things. But yeah, keep your eyes peeled, subscribe to our announcements channel. And yeah, keep your eyes out. We've got lots of exciting things coming.
Beautiful. Whale Cointalk community, thank you for joining. This is another episode of the aquarium. Today we had Glitch Protocol on. Remember that everything you hear on these broadcasts, educational purposes only. Nothing is financial advice. So be safe out there and we'll see you all in about an hour for a fireside chat with coin merch. Take care.