Hi everyone, I'm Neil. I'm working as a senior solution architect at BNVChain. Yes. All right, great. Thanks for joining us. Oh no, hello. Hi, thanks for the call today guys. So I'm on the senior solution architect as well for BNVChain and looking forward for
this space and about this Luba and upgrade. Okay and Polyhedra. Hi, this is Abner from Polyhedra Network. Congratulations for the upcoming Luba and upgrade and it's great that we can discuss more about the fast-finality and more innovations in
Great, we're going to get to you guys after we talk to our devs, so stand by and INF Stone, our last vanilla, Lee, hello. Hey, this is Lee from Instance, and I think if we want to join this discussion today, I'm excited to talk about the Lubin
like what makes this upgrade stand out to you. Yeah yeah so basically fastfinity is quite a big feature that we have launch and it's the initial version with our one upgrade fund which brings a lot of changes to the B&B chain, both B&B and the B&B smart chain one.
As we delivered the first part of the first funnel in the Luvon upgrade, so it makes the standout and the first initiative from the BNB change site on the Luvon upgrade is now part. Yes. Okay, okay, very interesting. That was a quick overview of what the upgrade
What stands out about it, let's go now to Arno. So we all know that you guys don't only just add these features for fun, you want to solve like really important and compelling challenges on B&B chain. So what kind of challenges did you guys try to solve with this upgrade?
Right, it's not only for fun, but we do have fun by doing it actually. So one of the main challenges as you know in blockchain is especially about like transaction confirmation or double spending or we organize a real attack, for example. So with this upgrade, we will try, we want to bring a more.
and robust BNB ecosystem. So it's not only for the BSE, but it's for the whole ecosystem because everything is connected as well within BSE. So we really want to bring more confidence and experience as well for our user. So that's the most challenging part that we have. So that's the most challenging part that we have. So that's the most challenging part that we have. So that's the most challenging part that we have. So that#
user and what the tool for, let's say, protocol level that we can deliver to make it more easier for project to build on top of it, sex or decentralized exchanges, what to utilize or blockchain. So that's more like the changes. It's really about this. The both spend the transaction confirmation organization
attack so it's at the core level of the blockchain topic basically. I mean that sounds fun to me, very interesting. Okay, okay, we're going to go back to you Arno for question number three. So getting more specific here, what is it about this upgrade that's needed? Like what is why is the Lumen upgrade needed?
Right, so for a lot of people fast-finality or the finality might not be a let's see the main goal right now But we do believe it's really important in the current like ecosystem of BNB chain because as you know we have the beacon chain We have greenfield which is coming we have layer 2's as well. So having a let's see a fast-price
on the settlement layer which is all like BSC network. It's really important for us that we have such a strong picture that is integrated already today and we don't want to wait basically to deliver it. So we know that L2s are coming on BSC as well. We have Greenfield as I said.
So every block confirmation that we need to wait further, it's basically impacting the user experiences and it's impacting us for the security of our overall network. So that's why it was really needed for us to be able to enhance the finality of our settlement layer, which is the PSNB.
Okay, okay. Yeah, and I have a sort of a similar question here for Rimmie, but I think it'll be interesting to get his perspective as well. What would you say the purpose of the B&B chain? Lube and upgrade is. Yeah, so the purpose of B&B chain, one of the greatest about
the innovation steps towards the fast finalities one. So we have a beacon chain which is in charge of setting up the validator list. After the Luvan validators will have a new key which is called about the board key. So it will be configured in the beacon chain and pass to BSC similar to
current is validator list needs to be updated. So, the basically the purpose of the Luban upgrade is to about the enable the first 180 CS1 part. Okay, so this is the major purpose of to enable the first one.
Okay, very cool. Looks like we're going back to you again, Romeo, for the next question. It says here, "How does the Lubin upgrade enhance the performance and scalability of B&B chain?"
It will not only enhance the performance of the BNB chain also it will be enhance the performance of the whole ecosystem, all community park ones. So, Luban is the first step to enable the fast finality. It will enable the working ability of
validators actually the fast form it is to shorten the time of transaction finalize. It is about latency about not from the performance not neither about the scalability. It is all about the latency part about the fast
Yeah, fast finality, a big theme for this upgrade to keep in mind guys. Okay, we're going to go back to Arno for this one. So what are the benefits for the validators or the stakers after this upgrade?
definitely fast-finality as you say is the main keyword so we are going to make sure that you guys when you leave the space you have this in your mind so definitely like we're getting a validator then staker I mean currently validator are the one which I basically cast in the boat as well for each new block so just maybe to give a bit of background so in the fast-finality each validator when they
receive a new block, they basically can cast a vote on top of it to make it finalize it. And once we have reached a certain amount of vote, then the block cannot be reverted basically. So there's a lot of incentive for the very data. First of all, they can be unsure that there's not going to be a new organization among the number of blocks that are going to be
spread which is going to impact us with the overall performances or the hardware that they're using. So it's going to make it more stable as well for them. And they're going to potentially have a higher as well APR because they have a reward that is generated based on the let's say if a very data is the first one to cast the votes, you might get a bit more reward compared to other
a validator. So this is impacting us overall that we want, let's say, that the specific validator can receive, which will then impact the stakers, which are basically delegating the BNB towards him. So we definitely encourage that validator to cast their votes as fast as possible to put an actually get even more reward.
Okay, that's really interesting. Love to hear that. Okay guys, so it looks like I have one more question for Romeo. And the question is, will the Lube and upgrade introduce any changes in the consensus mechanism or governance of the Inbee chain?
Actually, no, the consensus and governance will stay the same, but the structure of the block will be changed. So, the Luvon upgrade is the purpose of the Luvon upgrade is about the fast funnel enabled, but about the latency part one, mostly about the latency part. Yes.
Okay, very good to get that clarification there on that important point. Okay guys, so we've learned a lot, I think, from our B&B chain tech gurus. Now for the second part of our space, what we're going to do is turn the questions over to the devs here. They are going to ask the questions to
our guests, our ecosystem partners. So take it away guys, if you need anything from me, just let me know. Otherwise, I'll be chilling in the background. So go ahead. Great. Thanks. Feel free to pin some to it if you see that some people are spreading the words because please guys try to like spread the word of this like big of
that is coming because it's definitely like enhancing your user experience as well which means like make sure that for example each centralized exchanges are aware of this new feature because it can help us while like when you are sending BNB to different exchanges or when you are using let's say the BNB chain to send specific token the confirmation time is much
So we need to make sure that everyone is aware of this update. So we're getting the user experience. I had a question for Polyhydra. Like for my user perspective, how does it fast-finality enhance your experience of interacting, for example, with your project? Can you share like any feedback that users are going to experience?
once the update is finalized. Yes, so we think that first, uh, finality is very important for crocheting interoperability. So for polyheteronetwork, we are building the infrastructure for the interoperability between different blockchain systems by using zero-node proof. So we first, uh,
do the test and also fully realize the implementation of the ZK bridge for an ZK Lite client for the Luban upgrade. And we deployed it in the test net and it works well. And once the Luban upgrades happened, our ZK bridge and ZK Lite
I'm doing a lot of work on the Internet.
be finalized and before it the message or the assets is sending from BNB 10 to the other 10 or from other 10 to BNB 10. So it previously the finality needs 18 blocks between finality. That means that we should wait for
about 45 seconds until the finality of BNB change. So because for each block, the block time is about 30 seconds. Now after the Luba upgrades, we have the validators to vote for the first finality.
for most of the cases, so we can do the first vanity within two blocks with very little opportunity of a reward. That means that we only need to wait for about six seconds for the transactions or any state changes to be
we finalize on BNB chain. So according to our implementation of ZKib rate, so we can generate proof for the consensus of BNB chain within two seconds and the first thing that he only needs to wait for six seconds
So it's possible that we can send a question messaging from BNBQ into another chain with very fast end-to-end delay only within 10 seconds. So as you just mentioned that fast identity is very important for the interoperability between not only for the cross
change our ability but also when you are withdraw and deposit tokens from BNB chain to a centralized exchange or from centralized exchange to BNB chain. So first, if only two blocks, you only need to wait for about 10 seconds
Before the loop-up, you need to wait about one minute. For cross-in transaction, it's the same mechanism that we can expect that a very fast cross-in interoperability that happens between B and B.
other blockchain networks within about 10 seconds in the future. Thank you. This, thanks for its was really a great answer. I can feedback I think that everyone can take back home as well. Like you said, like the cross-genic is really important. As you know guys, within BNB ecosystem we have like a lot of different genuinenve like Greenfield, basically BNB
which is upcoming orders as well and be constrained. So it's really important to have actually this crunched cross-chain layer which is fast and secure as well. So regarding on the the very data aspect, because you have an interest on here, which is one of our biggest and very data as well. So as a very data within BSC, how do you see this change in enhancing the security of this network?
Thank you, I think that's a great question. As you have talked about why the chain needs this Lumen upgrade and these incentive to Valderous and Stakers, I think you have covered in good depth on why this in
has the security of the chain. From the validated perspective, our job is all about making the chain secure and reliable. This new upgrade requires us to think about how we can participate to vote for
and how we as a valedict are new to improve our infrastructure setup and make sure we can support this fast finality. As a valedict, I can speak for the group as a whole, it forces valedicts to
rethink their strategy on their setups. So from that perspective, we can provide more security and also enhancing that user experience of the PMB chain. Next is, I want to share some of the experience we have or some of the
I guess observations in the industry said when we talk to our clients, especially in traditional finance, are they looking for is, you know, fast confirmation of their transactions? They are looking for reliability and lube and upgrade
really with fast-finality once the block is confirmed our users can know that it's a sad instance that I have to worry about double spend don't have to worry about maybe you know we are going to text or you know they have to worry they don't have to worry about the transaction being you know we
So it appears more dependable and most secure for our users. Another cool thing is that the, of course, for DeFi and finance operations, the loop and upgrade speeds up the operations for them.
I don't think the upgrade will actually speed up the transaction broadcasting or anything like that, but it just means that once the transaction is confirmed, the defies and the traditional finance knows that it's set in stone, like I have mentioned. So they don't have your hand around
for 45 seconds like Polyhazard just shared and to wait for the transaction to confirm then you know see it back and relax they only have wait for six seconds so to sum it up as a bell that we are offered the new upgrade and we are supportive of the final fast you know fast
final update. It's about making the BSC the best it can be. It's secured to reliable, it's efficient, so it's more appealing to a wider range of users and especially for those who are trying to get into the blockchain space.
Yeah, thanks for this great answer. Like, definitely it's, it was a good feedback as well to take. I wanted to look back to Polyhydra. So when we look at the larger picture, let's say, for example, like how do you see this new feature influencing the future development of BSE based project and our whole ecosystem as a whole? I can know you are
project owner, but how do you feel like order might potentially use it as well? Like how do you see this impact in the future? Thank you. So we believe that the fast-finality and the Luba upgrade is crucial to the entire blockchain ecosystem because we believe that in the future more and more developers will move to
develop on BNB 10 because of the extremely good user experience. It opens up the new data spaces for the Web3 developers with the extremely fast finality with Luba upgrade. So first, for the for the default applications because with the fast finality, they
prefer to use BNBTain and also for the game file NFT applications, this will significantly improve the user experience. As I mentioned that the inter-operability between BNBTain and other blockchain networks will also become very fast.
due to the Lubanburg data, we can expect a fast end-to-end delay from a BNB chain to other blockchain systems within 10 seconds and for the fast-finality of BNB chain only 6 seconds. And also we see the huge growth of the infrastructures of BNB chain. Now we have
And we have the fast-finality according to the Luba upgrades. And also we have the BNB green field for the availability of BNB chain and it can also be used in other blockchain systems. And also for the upcoming OpenCity Roops built on top of BNB chain.
and also the ZKBNB. So in the future, there's lots of choices for the developers to build their applications. They can build their application specific row app system, build on top of BNB chain, and they can also build on ZKBNB. And for the data availability, they choose
B&B Greenfield for decentralized data storage. Also, together with the first finality of the underlying B&B content, B&B smart, so the inter-operability between within the B&B TACO system and also between B&B TACO system
with the other layer one layer to block-chain system will be extremely efficient. So more and more developers will move to BNB chain to deploy their applications. And I think that BNB chain will meet all the needs from the WebStreet developers in the future.
Great, I mean, we're looking excited to see what developers and builders are able to do next thanks to the subcredit. Regarding developers and builders, I know that in Stone, you are as well like one of the core infrastructure provider in the blockchain space. So I was wondering, is this aligning as well with your project mission?
and you call value to have such kind of tool. Yeah, thanks for that question. I think the short answer is yes. So at EAMSMS, our mission and our core value really is to provide developers and users worldwide with a rugged infrastructure platform.
And we want to offer reliability, speed, efficiency, security and scalability. So everything that I mentioned here actually aligns with the Ruben upgrade on the B&B chain, right? The fast-finality mechanism enhances the reliability and speed of the B&B chain by ensuring that once
block is finalized, it can be reversed. So on this part alone, it aligns with our core value and mission of providing that secure and fast infrastructure for the developers. And I think as our friends from Polyhydro just mentioned, you know, this new upgrade is making BMP
have more appealing to the developers worldwide. And that's the second part of our infosimation is to attract more developers, more users as we provide easy access infrastructure to the ecosystem and to the community.
Because of that, I think we are more confident and it makes our job easier when we're pitching our clients, our users being reaching. So that alone, the second part is, you know, along with our core users to make sure that people can use the easy-to-accessing infrastructure
to more easily use ValkChannel, use ValkChannel technology to provide services to their own users. So when we talk to our users and clients, we can tell them the little bit of great really reduces the chance of a chain reorganization and stabilizes the ValkChannel
with production, one compared to any other product offerings in the space. It helps, like I mentioned before, and as you can all know, you have got wanting to do great depth on the benefits of the loop and upgrade.
can rethink our strategy in a big S of L that are 4B and B chain and make sure that fast finality really is something that the community can look forward to.
So to summarize, I think the new upgrade aligns with our core value for our customer centric attitude and we believe in powering developers and users and providing them with the tools and infrastructure that they need to build innovative and the fast, reliable
by applications on the blockchain, the low-bond upgrade add and its fast-finality mechanism really contributed to the goal by he has in the performance and stability of the B&B team.
got everything that was needed. So we appreciate it from you. I had a question as well for roomy before maybe we go to the question of the audience. What is, because if I'm correct, there is like more than one step for the loop and all for the fast penalty, right? If I'm correct, it's in two steps. Yes, actually there is a pool, a step
First one that we have recently launched is about the Lupin upgrade and second one is about the Plato upgrade. So which will be happened by end of 25th of July with the expected date of the blow height. So which will be included the Volidator, Water Rules and
there will be multiple rules, three rules will be there. For example, a validator must not publish two distinct words for the same height. Second, a validator must not work with the span of other words. Third one is about the validator, Albert words for their canonical change of the latest pro-op 1.
And there are major changes filled with air into the plateau upgrade which will be having the zone under July 25th. Hopefully. Yeah. All right, because for 1 to 2 hours voltage, of course there are some specific rules for very detailed to custom votes.
And as you know, like when you don't comply with some rules in the consensus usually you get slashed. So that's what's happening as well as in with our very data. They're not complying with rules. They are potentially getting penalized as well. I mean, not potentially they will get penalized if they are not compliant with all those really important for very individual to
to emphasize on those rules to make sure that there is no money-shits actor within the validator. Yes. Great. I think like we can, I don't know, probably I draw in Sony if you want to have some more. That's what a lot of us maybe we can see if there's anyone who has a question.
Okay, it sounds like we want to do question period now. So I will open it up if anybody wants to send in a request and ask a question to the panel here. Please make sure that your comments are on topic. If not, you will be removed. I see somebody here who has
requested, but they requested just before I mentioned that we were going to go to questions. You sell, do you want to ask a question? Can you do a thumbs up emoji for me on the space? If not, I'll give it a couple more seconds for anybody else to request.
see here what do you think as we bring you cell on the stage and see if they've got a question I mean while don't forget to to share as well the tweets that we've got the pen
We've got one blog about fast and hourly and one about Lubin as well. If you'd like to read in more detail. Okay guys, so we do have some more requests. Also you can check to on our forum as well. There is a complete mannet update.
that we are going to make some changes in the BNB chain parts. So if you go to BNB chain updates, later we will do it on this part. So you will see about the parallel EVI, MSTART expiry, Robert Consent Center, transparent governance. So there are innovative things that we are going to do.
into the BNB chat part. So just check on this part and put your comments and your suggestions on our forum. It is publicly available. Yeah. Thank you. Thank you. Okay. Okay. So we do have two requests here. One is from Lonely Fans. Okay. Let's see what happens.
Let's add them as a speaker. Please ask your question stay on topic or you will be removed There we go. Here's Lonely fans. Let's see what their question is. Please keep it about Lubin upgrade. Hello, you're speaking now Okay, sorry, you know, there's a lag between listener does
So I'm loving that it's going to be a super, it's going to speed up the chain. Is there anything that would, is this change the fee structure at all in any way, shape or form? So it's going to speed up in a way that your transaction is going to be
Finalized faster so it's not necessarily going to increase the TPS that's not the aim of this update Regan regarding the transaction fees. It's not going to lower it for example or change it in an drastic way It's mainly for the security and for the security of all your two as one and the overall ecosystem. So it's mostly about security
and finally to, but not about increasing this TPS or the transaction cost as well. - Okay. - But good answer. - Okay, good question. Thank you, long fans. Now let's go to our next question from Brains. Dow. Just adding them as a speaker now.
Let's see what happens here.
Okay, your speaker, please go ahead.
Please go ahead and unmute and ask your question.
Okay, congratulations guys, it's a privilege for us to be here and to learn about the new upgrade on PMB chain. My question is because you guys have also spoke about the
brother and future that is coming on board on BNB chain. Are there any upgrade to the gas fees that this upgrade is going to give? Are we going to have more cheaper gas fees that is going to be paid on the BNB chain?
So for this I think we are looking actively more like layer 2s to lower the gas phase. It's not necessarily a topic which is currently on the layer 1 but definitely like statue and I think we have something coming up with the community which is going to be
interesting I believe for project as well and at the end users which is going to affect us what transaction speed let's see and the gaspies one but this is not part of these updates. Yeah it wasn't long ago that you guys announced a pretty significant gaspie reduction as well right just a couple weeks ago
right. It seemed to us two or three months ago already. A couple months ago. So I know the team is always harder work on that. So it looks like that's all of the questions we have for today. I want to say thank you to our dev team for taking time out of their busy day to
meet with the community, answer questions, explain the upgrade and also to our guests, Pauli Hadra and Inth Stone as well. Much appreciated guys. Any final words from anybody? Are we ready to get out of here? Yeah, thank you for inviting us.
It's a pleasure to talk to the community today and we are definitely excited and prepared for the development of great. Thanks everyone to be here looking forward for the next space and keep keep following us and making sure that we are going to deliver what is a program.
Thanks everyone for joining the Dupana prayer time. Thank you everyone. Alright guys, thank you to our audience for joining today. Let's keep building an amazing future together for Web 3 on B&B Chain. We'll see you next time. Thank you so much. Bye bye.