Thank you. Hey, good morning.
Nice, thank you. Dr. Kau welcome
thank you yeah I can hear you I also we're waiting Prashant is here but we're
waiting for his microphone and also Aditya okay yeah thank you so much everybody hello good day or nice
let's weigh a little bit please we are waiting for more people to join us and we'll start
in two or more minutes two or three minutes okay thank you Thank you. Okay, we're ready to start. Let's try our microphones.
So, Dr. Howe is here. I see Aditya, you are requesting the microphone.
Let's wait a little bit. Also, I see Prashant here.
I'm not quite sure if you will participate, Prashant, as a speaker or only listener.
Let's wait a little bit. And we'll start in one minute. Thank you. All right. all right so i guess that we're all in the space um all the speakers different ambassadors in
different parts of the world so welcome everybody let's start officially today's space about
reverse gas model key points for adoption in crypto oh personally I like a lot
this topic because I guess that is one of the more important ones to remove the barriers
once a user is trying to use an application yeah there the gas fees always is a problem if it's a new user or even if they are experienced users.
It's pretty kind of complicated to have a lot of wallets and create accounts in different wallets
and get tokens and all this. So yeah, I like it a lot. Today we'll talk about this topic there are very small i'd like to give a brief
introduction about this uh in general is an innovative wave in blockchain to manage the
transaction fees uh so instead the users pay the gas fees to execute the transactions the developers
or dap providers cover this cost so this this shift removes one of the biggest user friction points in Web3,
having to hold a minute's native tokens just to interact
with a decentralized application by abstracting gas fees away from the end user.
Yeah, this is in general what is about today's topic.
So we have some questions and people that will participate in different regions,
all of them ambassadors in Baran Network.
And I want to say all of you, welcome, good morning, good night in China.
And let's start with the first question.
It's what are the main obstacles and the crypto adoption in your region
let's start with roshan i don't know if we have roshan here i don't see it yet but uh let's start
with mitch uh michael can you please introduce yourself to the audience
to the audience yeah sure buenos dias from Mexico from Latam I'm senior
ambassador from Bara Network I'm focused on video game development
exploring a new kind of experiences using blockchain technology like
autonomous worlds and then now trending AI agents to create more re-experiences.
So that's my focus now, and glad to be here.
And what do you think about this topic?
What do you believe that are the main obstacles in LATAM?
Adam for obviously related like adoptions and if you see reverse gas model is one of those.
For, well, obviously related like adoptions,
Yeah, for sure. Like you mentioned before, the user experience in the blockchain space is a
constant obstacle to improve that option of technology. But I believe the real issue is in the onboarding experience.
Even younger people who grew up with tech still get confused when you try to explain how to set up a wallet,
get some tokens, and then spend those tokens just to use the app.
those tokens just to use the app.
So now imagine trying to explain all that to someone who have hard times
using the ATM or doesn't even have a credit card.
So it's tough to tell the people, hey, you can even start your list.
You have a wallet and some tokens.
So that's a huge blocker.
If we want mass adoption, we need make it a way easier and more intuitive and no
one should need to pay a crypto expert need to be a cryptosper to use an app so yeah that's that's
my point of view ah absolutely i agree and also when when a new user is trying to interact with the blockchain, I have talked with people asking me about like, why should I pay money? Because I want to interact with them, I don't pay anything.
And I explain it all around the basics in blockchain.
And in fact, you're paying the computer that you have.
You pay also electricity and you pay a lot of things to use the computer.
And, well, when you interact with a blockchain application, the server that executes the transaction is not your computer.
So this computer needs to receive a reward.
That's one of the reasons why you pay Gatsby and all this.
But I guess that is not like uh easy to understand for
beginners and some of them just go away and use the normal applications so yeah i do i do agree
absolutely with you michael uh thank you so much michael from mexico just share with us what he thinks about the obstacles in the crypto adoption.
In LATAM in general, let's jump to China with Darlene.
Darlene, good night. Thank you so much for your time, for joining us.
Okay, okay. Thank you. Thank you.
Hello, everyone. I'm Darlene, the Chinese ambassador and co-founder of SITAS.
And I'm very glad to be here today. Thank you.
Yeah, thank you and welcome.
How do you see this in China?
I just read yesterday that China is so welcoming against Bitcoin
because of this conflict against the US.
And in the last years, I know it's not like um crypto in general is not welcome
at all the technology it is but not like tokens not like trading in hong kong it is but okay uh
so how do you see these main obstacles in the china region okay okay um and And I'm the Chinese ambassador, so I live in the mainland China. So I think
you may already know what obstacles we are facing. The biggest obstacle is the government's
limitation on crypto. Since 2021, we have been trading, mining, and using cryptocurrencies for payments have been
outlawed in mainland China. AHAs in China are all Shadong banks can't touch it, so it's very
difficult for the mainland users. And for the tech side, the infrastructure for crypto here
isn't exactly welcoming, such as the public chain is not allowed. The government does not want,
they don't want the blockchain to issue tokens, so it's difficult to make any progress in the applications of blockchain in China.
And I believe that all users would prefer lower transaction phase.
Ideally, the free transaction would be the most welcomed option.
The developers are also a type of user,
and they share the same performance.
If any public blind chain or eager theme
was to attract developers, reducing or eliminating
transaction phase could be an effective strategy.
It's my opening. Oh, yeah. Thank strategy. Thank you, it's my opening.
Yeah, thank you. Thank you. Payment system, I guess, is pretty important for the society.
And also, I saw like China was implementing the digital yuan, but as far as I know, it's not based on blockchain.
But with this, they are basically removing the SWIFT payments
and instead of waiting three, four hours for the payment
to be shown in another account, this is about five, six seconds.
Also, this is about blockchain, right? This this is about blockchain right this is the reason
one of the reasons why blockchain exists because we can remove uh intermediates and well interesting
how china is um using it but also the obstacles that we still have in different regions thank you
so much for uh this information darling uh let's jump to India with Prashan welcome Prashan can you introduce
yourself please hi guys I am Prashanth a passionate technical writer with focus on layer one blockchains
and decentralized cloud networks I have been actively contributing to V network as ambassador uh i am super excited to be here today
uh welcome and thank you so much for your insights uh i know that you are
um really enthusiastic about the blockchain and different technologies this is something
really good in order to share like not only about one uh ecosystem but in general in crypto so how do you see in India the obstacles for crypto adoption
in India the biggest challenge is definitely awareness and trust many people are still
unclear about the legal status of crypto and that creates hesitance in them on top of that
high gas fees are major turnoff especially for new users who just want to try out things
That's why model like gasless transactions are so important to drive both users and developer
And governments would also make some clear guidance about crypto in Indian region.
Just to add yeah just for to let you know that the binance and coinbase
is legal in india but they have to modify their guidelines to make compatible with the indian
guidelines they have to register themselves under fiu which is financial intelligence unit
have to register themselves under FIU, which is Financial Intelligence Unit.
What that means is if government needs some data, the Binance and Coinbase need to provide
that user's data to the government.
So they are transforming those guidelines to make them more favorable to themselves and
Also the CBDC part, they are very positive towards that but as public blockchain it's more usable for
users for privacy and decentralization that's what I see but CBDC is looking good here
okay this is an interesting topic Aditya because yeah CB, it's a nice implementation for the adoption.
But also, I guess it removes one of the main principles
when we are talking about blockchain, like intermediates, right?
And well, it's like a necessary evil, right?
Because CBDCs normally are controlled by the government
and then they know how you are using your money.
But CBTCs provide a way for adoption
into the blockchain space for the users.
They don't need to understand technical aspects
and they just use it right okay yeah
yeah thank you thank you aditya thank you prashant so okay let's continue with the next question
about like what strategies or innovations have been explored in your country uh to reduce this friction caused by gas fees. Let's start and let me see.
Let's go again with Michael in Mexico.
Michael, can you help us with this?
I see some solutions to tackle this kind of problem.
For example, someone's great programs like payback systems to repay the gas fees used by the user.
But at the end, it doesn't solve the real problem from the root.
It can help already users, but not the new ones.
And on the other hand, some ecosystems try to solve this problem with
technology like smart accounts to blur the barriers and use dabs with without wallets or token but
become another problem to the developer and the developer experience is harder and may rise some has some incompatibilities with the tools that are already used.
Someone is using bots or messaging apps like WhatsApp or Telegram to create a more friendly
interface to communicate with the blockchain staff, but it's more focused on payments or transactions.
So we need to see more advance in this kind of solutions
to create interactions with more complex dApps.
But I see this like a big picture
on the current solutions to tackle this problem.
Okay, and about like reverse gas model,
do you see like it's one of the solutions or not yet?
Yes, but it depends on the implementation
because it can be more hard for the developer
Because it can be more hard for the developer and maybe can create new kind of blockers to bring to the real life some ideas.
So it can be like a native in the blockchain technology,
it can be more easy to implement solutions and be more creative with a business plan
how to delegate who pays the gas fees, you know?
Well, I think that we'll talk more about this
because BaranetGuru provides a template
so developers can just download this code.
It's a snippet code that they can use
in order to implement reverse gas model
using vouchers, signless, payless,
and different other technologies
that BaranetGuru provides.
But let's talk in detail in the next
question thank you so much uh michael then um let's jump to china with geeky geeky welcome
uh can you introduce yourself with the audience please
Oh, I don't see. Oh, sorry. We have Dr. Cao. Sorry. I thought that Geeky was with us,
Oh, yeah. I think Geeky is also here. Could you please repeat what question you have?
Oh, you want me to introduce myself?
Oh, you want me to introduce myself?
Yeah, first introduce yourself, please.
Yeah, yeah. First, introduce yourself, please.
I'm a Chinese ambassador, like Da Ning and Geeky.
And I'm also the founder of AI Web3 on the Web3 education platform.
Right now, we are trying to build around the Chinese community and the main thing I'm
right now working on is try to first of all is AI web3 and I build the Chinese community
for the Vira network as well and also the second thing we are trying to deploy an AI agent that's going to use AI for the education, like the AI agent
that can explore the community and that can do a lot of things. And one of the goals could be
deploy that on the Vira network. So that's a thing that we recently talked about and
thinking about the Vira technique and also this reverse gas flame model.
And so it would be very interesting.
So I would be happy to share my experience.
Really, really nice community in China.
I'm really in love about the technology in China, but also the barriers that you have
in order to implement the technology. One of the people in the foundation, Hang Biao,
he shared with us when we were in China, like why in China developers are used to have more skills and tech side.
And one of those is because of the barriers that they have in order to interact with the technology.
Like, for example, the big firewall that you have.
So you need to understand more about the protocols in order to interact with the normal applications that we in Latin, for example, or U.S. or other parts of the country, we used to do it.
And it's really interesting how you are using the technology.
It's exactly the same technology, blockchain.
It's the way that you can
use it implement it or just bypassing all the problems that we have thank you so much
dr cow for your feedback yeah yeah thanks a lot for joining us yeah okay uh let's go
yeah okay uh let's go uh again in India with Aditya uh how do you see this Aditya the um in India
um hi everyone audible yeah yeah we can hear you yeah perfect so about the strategies and
innovation explode in our country but before that if you like we are very crypto
natives but if you see from a normal person perspective like gas phase is important for
making the system economically stable and incentivizing the valuators and everything but
still you need those native tokens to interact with those custom blockchains and different
different blockchains so that's why we call there is a lot more fragmentation but we have seen a lot more movement towards low cost chains uh that we have
like polygon for example the best one but push then we have abo wallet the wallet that like it's
a chain abstracted wallet in a region where you have one address for almost like
30 plus chains so you don't need to change your address from one blockchain to another
like you are getting funds on a different blockchain and your funds get stuck that problem
gets solved with a because you just have one address right now and polygon even have gasless
and meta transactions to reduce this friction
also then we talk about rv for decentralized storage which offers a seamless low cost experience
uh it's better in the ux wise but still we are seeing a lot more innovations happening
people like think why they need to pay gas fees, but still it's required. But with reverse gas model, it's getting better.
What do you think about this, Luis?
Like, it's really interesting because, for example, sometimes when someone in the crypto space, they start digging deeper about like reverse gas model and they asked like okay then the blockchain that you are
We don't need to pay gas fees right and I said you as an end user you don't
You you may use the application just like a web to application
But someone in this space needs to pay for the gas fees
because of all this economic cycle, right?
And they ask, okay, but then I need to pay
not only to upload the smart contract,
but also I need to pay the gas fees of my users.
Okay, yeah, this is about business model.
This is about how you create your application
because, well, if we talk about Vara Network,
the gas fees are almost nothing.
Then if you pay the gas fees for your user,
you let your user to interact with your application.
And at the end, you are providing a service, right?
Then the end user maybe loves what you are providing the service let's say like for example
decentralized evernote decentralized node application for example and so if they use this
continuously and they like it then you might charge them only in order to use a premium experience and they will pay it this is
the way that freemium application works right so yeah i guess that it's a really nice feedback
and we need to understand pretty well like how it works but i guess that we'll
understand a little bit better at least in barira Network, how it works with the last question
that we are ready to start. But before to throw it, I'd like to invite you, all of you, if you
want to interact with us, if you want to ask a question, just send the request to start your microphone on and we can talk with you at the end of this question
okay so let's talk about how do you see viral network reverse gas model is
helping to solve adoption challenges in your region let's start with Michael
yes sorry luis can you repeat the question yeah absolutely it's about like um how do you see that
vara network reverse gas model is helping to because it's a tool set implemented in the native way.
It's like a Swiss army knife because you have a lot of tools that you can use in the way that you want to align with your business model and be more creative in the business
Try to mirror some current monetization strategies in the Web2 space.
For example, freemium, you can use the voucher system to pay the gas fees by the user.
So you can onboard new users that not pay gas fees.
And then maybe you can delegate that responsibility
to another agent like the enterprise, the developer,
or at the end, the user to use some additional features.
For another one, for example the sign signless
transactions it's hard to see for example a game when every transaction every action in the game
you have to to sign a transaction to to to update the state of this the solution the the game. So with a silenced transaction, you can create session keys
and be more easy to use the experience.
The user only uses the tab or the video game, whatever you want.
And it's like a frictionless experience.
So just to mention once, at the end, you have the pillars to to create this kind of or experience a more
traditional experience like web2 without a create a headache to to the user trying to create a wallet
try to to to send some tokens to start using the DApp.
So I love the way that Bata Network implement these kind of solutions
because it's so directly.
Like I mentioned before, there is no workarounds
or more work to the developer.
At the end, it's better for both sides,
to the user and the developer.
Some project in LARAM comes to my mind now that you are talking about the way it works.
Vouchers and all the system that Baran Network provides.
This project from Colombia and people from Venezuela, Illich, he is now in Venezuela.
The project is starting in Colombia. Nungaya is providing a really interesting business model
with the tokenization of the energy. So they already implemented a reverse gas model because they provide the platform for the users and the users pay annually payment to use in they only use the the application and they get the rewards depending on
the different environments and the different features that they are using in the application
but this is something really nice because the end user they don't need to worry about the
technical obstacles and payments and all this.
Of course, like it is not this kind of business model
or this kind of implementation is not like the way
that we need to do it in all the applications, right?
It depends on the use case, it depends on the end user,
but this one in LARAM, I guess it's truly interesting.
Gaia Ecotrack. Try it in, you can try it's it's really interesting gaia echo track try it in uh
you can try it and uh what does net they are preparing for mainnet uh but let's wait for them
to share official information about this thank you so much michael and um let's go with Dao Ling in China. Dao Ling, can you hear us?
I think the viral nervous reverse gas model is very helpful.
But, you know, there are many ways to save on gas phase.
Gas phase is definitely one of the factors users consider, but honestly, they are not
the main thing people think about when deciding whether or not to interact on the blockchain.
What really matters most is the value or benefit they are getting from that interaction. If an application is truly useful, solves a real problem, or offers
a great value, users will also overlook the gas phase because the reward overweighs the cost.
Wirenever's reverse gas model is really a smart approach because it shifts the folks away from the user
having to pay high face and instead making the experience smoother and more user-friendly.
When you have a system like this, it encourages more people to engage with the network without being discouraged by costs.
And honestly, we are hopeful that the WARA ecosystem will continue to grow and evolve,
offering even more valuable applications and use cases.
The users see real opportunities to benefit, whether it's earning rewards, assessing good features,
or just having a seamless experience.
They will naturally want to interact more.
I think creating a strong ecosystem
where the value is so compelling
that the guys' base become a secondary concern.
That's my opening. Thank you.
Nice. Yeah, focus on the problem.
This is really important because as you said,
like when the user is interacting with the application,
if we as a builders focus only uh how we will remove the technical issues when the end
user is really interacting with the application using what you are like solving and but they needed
to connect the wallet download different other components get tokens and sign transactions and all this, I guess that they never use the application at all,
and they can start just a normal world.
So yeah, thank you so much.
Like focusing on the problem, not in the implementation.
Thank you so much, darling.
And then let's go with Prashan in India.
Last but not least. Prashan, what do you think about this?
How do you see reverse gas models helping in India?
Different kind of implementations.
Reverse gas model by VARA is a perfect fit for India.
Here simplicity really matters and so does value.
Indian users are extremely value conscious the idea of paying just to try the D apps
Often not feel worth it to them if users can access the D apps without worrying about guest fees or complex wallet setups
They are formed more likely to
uh it will help more to onboard million users from india
It will help more to onboard million users from India
okay yeah yeah thank you thank you so much prashan this was the last question and now we're ready
to hear you if you want to participate please let us know just send the request uh so we can turn
your microphone on let's see i guess that we have somebody new. No, let's wait a little
bit. In the meantime, I want to share something with you about this topic because I really like
it. I have had many conversations with developers around the world about like reverse gas model
and removing barriers in the blockchain ecosystem. And I'd like to explain how a developer can focus
when implementing a reverse gas model in Web3.
Because it's kind of the same in one way,
if you see it like how a developer
implements the technology in Web2.
For example, if you are a developer,
the developers, when they create the application, they need to host
this application in a server. This is normally hosted by BPS.
For example, you need to pay BPS in Amazon, Google, Microsoft,
Azure, and different other providers. I personally use Linode when I need a PPS.
It's only Linux web servers or
Linux servers that you can configure for whatever you need.
But we need to pay monthly.
this is because we are using the resources of another company.
it's the computer of the data centers of an organization.
That's why we pay for the servers.
If you see it in blockchain as a developer,
it will be exactly the same
when you implement your business model in blockchain
because if you use reverse gas model,
you will pay the gas fees for your users
and using our network, the tokens, the vouchers, signless, painless, all this combo together.
It's kind of the same that if you are paying for a BPS or you are paying for the gas fees of your users, of course, you need to create the, you need to analyze your business model in order to see what is the best solution for you.
Because it's not only to move your project from Web 2 to Web 3.
But maybe you don't need it.
Maybe you need just to provide a service.
just to provide a service and this service is enough with the bps but let's focus on how can
And this service is enough with VPS.
we bring new solutions new opportunities to our uh end users and also to the whole ecosystem in
the blockchain validators nominators in case of our network because remember that we use nominated
proof of stake and different other actors around the application.
So at the end, the purpose of blockchain in general is to have a balance between the different actors.
So you can receive a reward if you participate in an application in the blockchain.
And this is the way that we are focusing to bring new applications into our network.
the way that we are focusing to bring new applications into baron network okay uh we
are ready to finish this but i don't see um somebody new here maybe guys you want to add
something else before to move to our normal activities at least here in mexico we're just
starting but in in china and india uh you are just finishing right right it's night already and I guess that it's time for
you to go to sleep or if you are a person that lives in the night then you can continue with
your activities guys do you have something else to share with us before to finish today's ama
not really from my side just to highlight what you mentioned before i believe you have to
change your mindset if you come from traditional web to a stack and be more creative with the business model for your idea
and baronetcourt provides all the tools you need to to implement in that way you you can think about who delegates the payment of the gas fees for the user the developer to another business, etc. So just to say, be creative
and use all the blockchain technology
Yeah, yeah, I absolutely agree with you, Michael.
they can face against some kind of problems,
they need to learn a new programming language, right?
Usually they use Python and they want to build some Web3.
Yeah, there are some platforms that they provide functionalities for Python,
but we need to focus also in long term application.
This is really important.
If you are willing to build long term applications, the technology is important. If you are willing to build long-term applications, the technology is important.
Then, okay, you don't want to learn something new, for example, Solidity, to create smart
contracts in EBM chains or Viper, an improvement of Solidity. If you already know some kind
of low-level programming language like CSE++ or even Rust,
you can build pretty fast in Vara because the API,
it's ready for the developers to build applications really fast.
Okay. Thank you so much, Michael.
Dr. Cao, please go ahead.
I would like to say, like, keep building.
And I feel the reverse gas model is quite interesting as for the developers.
They can build an app that the end user, they can access, and they don't need to have the token, which is super important.
Like in China, as we have the recognition, which is super important, like in China,
as we have the recognition.
So holding the token might be difficult, right?
But with this reverse guest model,
that means a user can have the Web2 experience.
So they can join and they can actually use the Dapp
So particularly useful for the gaming and yeah,
a lot of others, like I personally,
I'm building the AI agent and I really want to explore.
Probably I need to talk to Hanbyo about it,
but basically like, yeah, the programming language,
I think, yeah, if it can be extended to Python,
that would be super helpful.
And it's for me because the AI agent is more,
most of them building in Python.
And yeah, and shout out to all the ambassadors
doing great job and the developers potentially,
if they're interested in developing some DAB,
they can probably come and explore this reverse gas model
as this one might be useful for them to build a DAB
that can attract more users.
And also for the country who actually have difficulty to
access the token so the their users don't really need to have the token so they can use the the
tab uh gaming or ai agent whatever yeah so that's all i want to add no thank you thank you so much for this feedback ai agent yeah absolutely i also like it as you
mentioned mostly all of them are built on python because uh this is not like a completely on-chain
implementation but yeah it's like we just said um we care about theization, of course, that's like the backbone of this technology.
But also we can use completely decentralized application
and when we can mix some of the technology
to provide a good solution to a problem.
I absolutely agree with you.
I don't see anybody else here.
So I think that for today we are done uh thank you so much it's been a
fantastic session thank you for your time uh until the next time guys stay inspired keep exploring
and let's keep building what's next see you later barragators goodbye
thanks Louis bye bye bye bye see you next time thank you everyone see you bye bye