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Will Speed or Security Define the Winner in Web3?
Recorded: May 6, 2025 Duration: 1:04:15Space Recording
Short Summary
In a dynamic discussion on Web3, panelists explored the critical balance between speed and security, emphasizing that while speed is essential for user experience, security remains paramount for long-term growth and adoption. Innovations in token launches, project developments, and strategic partnerships were highlighted as key drivers shaping the future of the crypto landscape.
Full Transcription
Thank you. Thank you. Good morning, good afternoon, good evening, wherever you're at in this crypto world.
My name is Cody, and I will be your host for today's episode of Xtalk.
So thanks for everybody for tuning in.
We appreciate it, and we would appreciate a share on this space so that we can get it
out to the masses and definitely reach some new potential people that would love to hear about.
Will speed and security define the winner in Web3?
So should be geared up for a great conversation.
And we've got a great panel of speakers for you to participate in today's discussion.
So just waiting for a few of them to join us still before we kick this off.
So bear with me for just a second while I'm working on trying to get everybody
up on stage that needs to be here. So be right back. All right. If you're just tuning in, my name is Cody and I'm going to be your host for today's
episode. We definitely have a great panel lined up for you for today's discussion. Still waiting
for a few stragglers to come, but we'll get them up as soon as possible
but in the meantime let's go ahead and just kick it off first off let's start with joel how are
you my friend hey what's good happy it's not monday anymore is it tuesday damn so hey everyone
my name is joel and i run business development marketing for Dash, which as you can also see as a speaker here, crypto focused on being the very best money and payment system in the world.
Instant transactions, very low fees, high security, privacy, which is of course great.
Usernames, contact lists, super easy to use.
And it's what I've been using for my daily money for most of the last 10 years that i
haven't earned any fiat and you could spend it all over the world i think i estimated around
close to 2.8 billion people around the world could conceivably pay most of their bills with dash
now going to make some interesting announcements about that but as always very happy to be here
obviously cody's a great host for these kinds of things.
So anytime I get to go banter with him, why not?
I'm not going to say no.
Definitely love a good banter.
And we appreciate you being here.
Let's keep moving along.
Chainsight, go for it.
GMGM, nice meeting you guys.
My name is Waseem. I'm the co-founder of ChainSight.
ChainSight is basically an open data network layer. We provide this product called Portal
where people can jump in and deploy their own data feeds such as Oracle's indexes.
So I'm really glad to be here talking about the speed or security. Who's the winner?
I do have some insights on it, so I would love to kind of, you know, share those thoughts.
Nice meeting you guys.
Love it and can't wait to hear those insights.
Thanks for being here.
Let's keep moving on.
Let's go with Chinansu.
Yeah, thank you very much, Cody. It's really nice to be here on space with you guys also. Another exciting section, and I can see
Jewel and also Efesco. I'm one of the guys I do know very much who've been on spaces together.
Well, my name is Chinansu Pic pick man and I am a call team member at
the premium ecosystem where blockchain meets gold more into the reward asset sector tokenizing gold
on the blockchain and also you know redefining the gold mining industry so yeah well we're doing a
couple of things it's not really an easy it hasn't been an easy
ride anyway but we are definitely keeping up and it takes time build something very you know
substantial and something that will stand the test of time so yes that is one of things we do
at premium on the topic uh the truth is i'm not really going to debate the topic because uh i don't even know how it's
going to be but i believe the both of them you know speed and security will matter so well i
can't wait to hear what you guys have to say on what the topic is today i'm here to learn and
i i hope to stay um as long as possible but i guess today i won't be able to stay that long because I have
some other things doing but I said I won't miss this space because of course it's Cody and a lot
of amazing guys you know on this space so looking forward to you know getting what everyone has to
say on this topic thank you so much yeah well thanks for being here as long as you can yeah
feel free to jump in if you feel like it and
uh yeah uh let's keep moving on let's go with dustin yo what's the good layer 1x cody how's
it going guys be sure to hit the bottom corner of the space share with everybody let them know
what we're doing out here in layer 1x um super great topic. Introduce myself, co-founder, CMO, DStore.
I'm working with my friends with Gridlock.
Let's go.
The security is very important.
So I'm excited to let you guys know my take
on what security means to me
and how it is beneficial in comparison to speed.
Love it, love it.
Well, welcome, welcome.
Antarctic, go for it. Hey, love it. Well, welcome, welcome. Antarctic, go for it.
Hey, gents. This is Tony. I'm the Chief Charging Officer here at Antarctic. Glad to be talking
with you all today. Let's get this thing started.
All right. Sounds great. Let's keep moving on. Verox. Verox, go for it.
Hello, hello, Layer 1. Really, really excited to be here. I also see my friend Creon, who has a space later on.
So, yeah, you know, to keep it short, Verox is basically a compliant digital asset with a foundation behind it, giving a legal opinion and making sure that we are always compliant we are in partnership
with UX exchange to you know bridge that traditional finance with crypto and allow
people to access traditional financial services without the need of a banking relationship moving
on to the token our holders can enjoy fee discounts governance rights as well as people can actually get rewarded the
the more active they are within our ecosystem and lastly we also have the qc amc which is
managed by pioneer group a top swiss asset manager and this amc is going to be trading on bloomberg
and the vienna stock exchange so for anyone who found that interesting at all,
make sure you follow us and join up right now
because we have an outreach program
where you get an exclusive referral code.
Then depending on how many friends you invite
and how many tokens they earn,
you can earn up to 16% bonuses.
So yeah, again, very excited to be here.
Really great topic and let's kill this.
All right. Yeah, well, welcome. Let's keep to be here. Really great topic. And let's kill this.
All right.
Yeah, well, welcome.
Let's keep moving on here.
Ibziko, go for it.
I'm GM guys.
I'm sorry about the noise in the background.
But I'm excited to join you all.
This is the first school.
I'm the guy doing partnership at Genome Protocol.
I'm happy to discuss about speed and security in WebTree.
And I don't want to talk about it, but I'm excited to hear your topics,
hear your insights about what you're talking about in WebTree.
Because when it comes to WebTree,
we're talking about the future how to onboard
the next billion users and I'm excited. Thank you.
All right. Keep moving along.
Let's go with another legend, Creon. Go for it. Thank you. All right. Keep moving along. Let's go with another legend, Creon.
Go for it.
Hey, good morning, everybody.
Happy to be here.
My name is Creon, a fellow X-Spaces host.
I do daily spaces, 12 noon ESD, 4 p.m. UTT,
because I'm on a quest to find the true and honest builders in the space and I'm creating
a platform for them to be discovered. Yeah, happy to be here. This is a lovely topic that I really
want to speak on. Lovely space, brother. And, you know, my initial thought on this is definitely
I'm also on the side of security, but I will expound on that a little bit later. Thank you for inviting me, Cody, for having me here.
100% and last but not least, Gridlock.
Hey, guys. Derek here with Gridlock.
I'm the founder of Gridlock.
Security has been the thing I care about the entire time.
I've seen crypto losses everywhere from hacks, exchanges going down, everyone making mistakes.
And it's been
my mission to to kind of bring a better solution to the people uh gridlock play on words it's a
grid of devices that locks your crypto distributed storage made super simple and yes what i believe
about and i think it's what we need to take crypto to the next level glad to be here
next level. Glad to be here. Awesome. Awesome. Thanks to our panelists for joining us. And if
you're just tuning in, my name is Cody and I am the host of X Spaces. And if you're not familiar
with what Layer 1X is all about, we are a fully decentralized, bridgeless, interoperable technology blockchain that focuses on a quantum-resistant
interoperability play at the communication level, meaning that we've built our own VM
and consensus from the ground up, which allows us to go through EVM as well as non-EVM chains where you, the user, has custodial rights over your transactions all the way through.
There's no middlemen.
That's why there is no bridge in our technology.
So we are extremely bullish and extremely excited to work to unite all the chains and basically create that utopia experience of Web3 that
a lot of us are looking for.
So thanks for everybody tuning in.
We couldn't do this without you.
Again, please give this space a share so that we can get it out to the masses.
I think it's a pretty important topic that we discuss, especially in the Web3 space.
We've talked about decentralization and what Web3 is really about.
However, we rarely talk about speed and security and what will reign winner in that Web3 race.
So, you know, as we kind of discuss this today, it's a critical but yet blazing fast speeds.
Are those going to be the things that are going to make the major adoption in Web3 or is it going to be the unbreakable security?
So stay tuned. I think we're going to find out where we're at right now. So likewise, if you have any questions on today's topic,
or if you just have questions for any of the projects that are speaking today,
feel free to drop those in the comment threads below. And we'll get those up a little bit later
to the panel for discussion here a little bit later in today's episode. But kicking it off, let's definitely get this thing off and get the banter going,
as Joel kind of so eloquently put it.
Do you think that the Web3 winner needs to be faster transactions,
faster speed, or more security?
Or is it a combination of both?
Give us your hot take.
Kriyan, go for it.
Well, it's absolutely security.
Speed is useless when it's not secured.
We've seen this.
We've observed and experienced this over time
you have seen some fast blockchain or you know like let's say let's just think of a theorem or
anything else whether it's icp or whatever because a speed of blockchain can be used against itself
right um it can be um spam it you know because a lot of these dabs are also sitting on
top of that blockchain and it's definitely going to be utilizing that speed and uh people will
you know some bad uh actors will definitely or not even bad actors you know just people
a lot of people coming in, you can experience that congestion.
So that's still going to, you know, affect things.
And I'm saying that security is more important because a lot of people neglect security.
You know, we always go for convenience and speed is part of convenience.
for convenience and speed is part of convenience but again we're going back
to how people are losing a lot of assets because you know even speed can be used
for you know for this transaction your transaction can be front-run especially
now that we have bots or a doing things automatically for us there's going to be high frequency of trading um transactions botting and even if even the fastest uh fastest blockchain can you know
will experience um slow um movement or transactions um so yeah it can be jeopardized
so i'll choose choose security over that.
Interesting take.
Let's keep the conversation going.
Verox, go for it.
Awesome.
So I think that we can already see these two aspects that you mentioned, speed and security. So I'd say that we have already experienced speed with no security on the web to space,
actually, with applications like uh you know the google google
gmail for example or google drive etc i think web 2 is filled with application applications at its
core that offers security but we have gotten so deep into it to the point where we have sort of
given up our security automatically so nowadays in order to be able to use basic applications
like social media and whatnot,
you're already giving your data away.
They're building profiles upon you
just to bombard you with advertisements.
And for those of you who may have heard of this,
you have the European Union banging down on providers like Meta
or so just because they collect uh data really aggressively as well so
um with that in mind i think that the main push for web3 initially uh see the thing that made it
gain traction so to speak was its anonymity and i will talk onto it its security so i think that
security is as of current the most important factor when it
comes to web3 because that's that's what made the initial push happen right the fact that you can
use all of these applications whether financial whether it's entertainment whether what not
and still be secure be anonymous and you know the initial concern was that what what's going to happen with uh anti-man
anti-money laundering uh legislation whatever but now you have zero zero knowledge proofs as well
which allow you to prove that you are fully compliant without actually having to uh reveal
any information by yourself so summarize all that information we already have seen what's what speed looks like
in the web 2 space where you have ultimate speed you can just use these apps that are really really
fast uh but you're giving up your privacy in full so that means that you know companies are
collecting your data selling it passing it around and whatnot. And I think that with Web3, we have had and have the chance
to sort of swap that narrative around
to where we are going in with a security model.
Is it me or did he just rug i think he rugs that felt the same i was like yo what happened oh shoot did they just cut off that one hour yeah yeah you got right cooking did they just cut off
now or was it like a cool two minutes oh no no it was like 30 seconds oh right so yeah i'll just
summarize so basically uh i think that
security will define the winner in web 3 because to be honest we've already seen what speed looks
like in the web 2 space and to be honest even even the apps in the web 3 space are not really that
slow anyway so uh when the main push for web 3 has always been security and anonymity. I think that it's important that we keep building on top of that.
And again, I think it's a new opportunity for us
to revisit how we look at applications
across the digital world.
And instead of going the previous route that Google went,
you know, where you have speed and you just collect tons
of data and bombard people with advertisements,
I think we got that chance to review how things work
and sort of go the security route and then build speed behind that.
So that's kind of my opinion on it.
Yeah, I want to just jump in and double down on that
because exactly what you're saying, things like exchanges,
they're just rebranded banks, right?
They're fast, but if that's what we're using,
then what the hell are we doing
right like speed doesn't change the world
agreed agreed before we go further down this path oh sorry yeah go for it later one do you mind no
go for it before we go down this path i want to specifically say i think there's a big difference
between the centralized exchanges which are very fast and generally speaking, not the best
secure given their past circumstances, and the decentralized ones like us.
We're a little slower, we admit to that, it takes a while for us to pose all the proofs
on change, but you don't have to worry about your money randomly disappearing one day.
So I do think there's definitely a place where speed is important.
And I think most of our panelists here today is very much keen on the idea that security is fortunate.
Security is the core of Web3.
And a lot of that is true.
But I think we should also recognize, just to look at the other side, that we also have the world where people care about speed. The average user that's not people like us, that are
people who are more average, who's less aware, they don't care as much about their data being
sold or other things. They care that their money is in a way. They care that the most private
information is in a way. They don't care that, hey, I'm getting pushed ads that's selling me
things that I already want. So I think really when we're talking about this issue,
it has to be a little bit more nuanced.
I think when we're talking about financials, let's focus on security.
It doesn't matter if it takes 5, 10, 20 seconds more to process
if it's your money on the line.
If it's something more general and it's a game,
I don't think people care particularly about their well games losing too much
yeah so I just want to sorry Verox didn't need to cut you off yeah no no worries you were talking
anyways I just want to add on top of that uh the good thing is that we have options right with web
three uh I mean it's progressing really fast but it's still relatively new when you compare it to
web two and I think that getting this opportunity to sort of review how this whole thing will emerge and how we approach it
it's a great chance because you're offering speed to those who want it through the centralized
exchanges but you also have the decentralized options for those who are more privacy conscious
so to speak and i think that it's great because it allows people to get what they want
from a mass adoption perspective while in the in the background the decentralized exchanges that
are you know uh prioritizing security they also get time to develop their their offering more and
and eventually offer speed as well so it's not an i don't see it as an ultimatum whether it's gonna
be speed or just security I think that it can be both for now there are options out there and
eventually once developers start getting more time and you know the whole space increases with
must adoption I think that you know we're eventually going to be able to enjoy both so
both security and speed on the side.
100% agree with you on that one.
I personally believe it's going to be both. But, you know, to kind of go back on what somebody just,
I think it was Antarctic, stated that, you know,
users don't care about their data being served ads, things like that.
I think that there, I agree and I disagree at the same time,
if that's even humanly possible,
because I come from a world of Web2,
big Silicon Valley type of companies
that I've worked for in the past.
And they, you know, to come where they're just mining these
people, there's been a huge shift in momentum and cognitive behavior of users. A lot of them
are getting fed up with the ads. A lot of them are getting fed up with their data breach kind of
stuff. And I think that that's why a lot of people are looking to blockchain technology because of the security of it.
So I think that they're I think to your point, they they are thinking more about the money aspect of it.
And, you know, with Web3, a lot of them are seeing the opportunity to own their data and monetize off of their data.
So I think it's kind of like a hybrid kind of thing. But
yeah, I mean, I agree and I disagree on that one. But let's see what other people have to say as
well. Joel, go for it. Yeah, of course, the accurate answer is the boring both. But I'm going to be
heavy on the speed side on this case, because I kind of view the security
aspect as the precondition as far as like, if it wasn't, there's a certain level of security
where you have to have before people will even use your thing. If people think they're going to lose
all their money or their data or anything like that, then they just won't use it. And it goes
from zero users to like all the users at a very specific point of security, right? And so then now you
have enough security to get users. But I think that a lot of people in crypto and Web3 have
gotten way too comfortable just saying like, well, this is the way it works. It's going to be slow as crap and just deal with
it. And they don't understand the user bleed because they don't see it. Like they don't.
And here's the thing from like, you know, UX UI perspective, of course, every millisecond that
your user spends waiting is like killing you. Every second that they spend looking around the interface for
the button they're trying to press killing you etc etc and so you might get someone to use it one day
but the experience sucks so bad that or it's even just okay and then they just move on to something
else and you're like well they didn't lose all their funds so i guess security is the important
part it's like yeah well you start there but then all their funds. So I guess security is the important part. It's like, yeah, well, you start there,
but then it has to just work like magic.
And I kind of feel like a lot of the space has been super,
like as a dash OG, obviously,
I've been enjoying instant transaction settlement
for eight years or something like that.
And the rest of the space is now just sort of figuring out,
oh, like one second block times or something like that. That's something the space is now just sort of figuring out oh like one second block times
or something like that that's that's something that's good to have you still have things like
ethereum where it doesn't seem to be a priority to have things actually settled in like a very
short period of time and like yeah just wait for no just wait for nothing it better be fast it
better happen really fast and uh especially when you're using,
I think that a lot of us
when we send financial transactions
because you get to send it
and you just like forget about it
or close the window,
it doesn't, you don't notice it as much.
But next time,
why don't you just give the Tor browser a try?
For example, use Tor,
which you should anyway.
It's great, it's private,
but just start doing regular browsing and just watch how annoying Tor browser a try, for example. Use Tor, which you should anyway. It's great. It's private.
But just start doing regular browsing and just watch how annoying that extra tiny bit of extra time it takes to load websites and stuff is going to be. You're going to hate yourself.
And so I would, our Web 2 experiences, we do not tolerate that level of bad experience that we see in web 3 so you better have your speed on
point and i it's kind of like if you don't have your security to a minimum level that's like you're
not even in the game we're talking about winning the game if you don't have good security it doesn't
even if it's not like and obviously like how do you define what level of security is enough but
if you don't have enough security then you're not even playing the game just go home but once you're playing the game
now you're competing on speed yeah and i think you bring up a great point that we're going to
circle back on here as soon as we get through all the questions or all the hands so let's keep
moving along let's go with dustin next yo yeah i mean joel has a good point
you know it's like the foundation of why we're using blockchain in the first place is definitely
security so that's like a you know precursor what we should be you know used to i guess to say in
that sense but but yeah it's important to know that you know the fallback is security of course and and you don't
want to get too comfortable and we do want to demand faster speeds it is important to understand
that speed is what it takes to get to this point um you know having that kind of that level of
of understanding of like you know we have to push that envelope um you know when comes to blockchain
but having the security base is important
because we can see that in bridging and moving assets in that sense.
Obviously, these things don't matter on the back end
when it comes to real-world adoption.
Nobody cares about sending ETH flavor on any L2 chain.
They just want to purchase their items at the store.
But it is important that
we do understand securities i want to say security is first as a basis but when it comes to speed you
know i can see the adoption of like you know the casino and solana you know obviously people are
there trading you know high frequency trading is important for them um it is important depending
on like the chain specifically but
depending on the asset or commodity you know you want to have that kind of like security
first compared to speed um say if it was like ethereum which is you know more heavily centralized
at this point or like bitcoin which is you know significantly slow obviously there's lightning
network and you know there's you know taproot and like you know there's Lightning Network and there's Taproot.
There's other
ways to speed up the chain and transactions,
but ideally,
it is never going to be extremely fast
unless
Cat20
gets introduced or something, but I doubt
that's going to happen anytime soon.
I think that's important to know that speed is important.
But yeah, security to me has been always the fallback for everything.
We've seen this in the fall of, like I mentioned, bridges or even chains that have collusion when it comes to the validation.
There's speed to that, but then there's also like the the rug pull
when it comes to these chains as well um so you know we we are at mercy at the speed you know we
do want to keep that adoption going and that's important but at the end of the day for me it's
all about security you know uh yeah so we can't lose sight of security, but we also have to push the envelope of speed.
So that trilemma is always going to be on the table for me.
So something to think about, food for thought.
When you click on a website, click on a browser to go to a website, and it takes forever to load,
especially if you're clicking from Facebook, if you're clicking from social media networks, and it takes a while to load, just remember that every time
it takes for it to load, that's a script that's running in the background.
So how many of those scripts are being ran will dictate how fast your browser will load?
Because let's be honest, I mean, cell phones are extremely fast these days,
especially here in the States.
But the same thing goes for when you're trying to do a transaction.
If it's taken a long time to get the transaction done,
how many contracts are going on behind the scene that you don't know, right?
And so there's a huge security thing to kind of keep in mind.
Chainsight, go for it.
Jay, thanks.
I think there is a valid points with everyone.
And I'll probably talk about from Oracle perspective
since we're providing all the data service
for a lot of dApps and chains across ecosystem.
I mean, we've all seen, you know,
all the hacks done by Oracle Vector.
If you're talking about, say, the most recent one last month,
I would say, Kilo X, 7-0, or even Mango Markets,
like all those huge numbers with hacks, right?
So I'm definitely into security.
And if I can answer both, yes,
speed and security are both important,
but at the same time, security is something that's,
you know, if I'm a retail investor,
I would definitely wanna, you know,
don't wanna get hacked if I'm touching DeFi
or anything like that, that's a protocol.
But from Oracle perspective, definitely it's something
that we really care about where the data source is coming from,
where is actually transparency in terms of
how is this data created?
How is this getting into it?
And what's the latency that's coming, updating.
And I think Dustin and Joel had made a good point on this,
even on the speed side or whether it's Web 2 or Web 3, it doesn't really matter.
It's more of, for us right now, it's more securitizing.
And that's one of the factors why we started building like aggregator of partnering up with other Oracle providers in the space saying if one goes down the other two or other three oracles are secured.
And that has been kind of the user use case for a lot of DeFi to actually come into from a security perspective.
And that's one thing that a lot of feedback that we get in terms from founders perspective or the builders perspective.
If I'm a DAPT builder, right?
If I'm a DeFi or rwa project that's building
that was the voice that came out so i'm not talking from maybe a user perspective of actual
you know traders but i'm more talking from the actual uh project side great insight great point Great insight. Great point of view. I love it. Let's go on to Ezekiel. Did he bail? I think he did. Okay, let's keep moving on. Creon, go for it.
are answering the question inaccurately.
And I answered security because that is what I know
should be like, should win.
Because we know for sure that security is integral.
And I think a lot of us here on stage can agree
and that's because we are more like knowledgeable
compared to the majority of users who, who understand,
who, who just, you know, uh, would rather prefer, um, speed, comfort.
And, um, what's that, uh, the term, um, for, uh, convenience, right.
Um, so the, you know, the percentage of people who understand security is,
you know, um, very low compared to those people, to, to, uh to typical users who would probably choose
convenience. No matter how they want to be secured, a lot of people would choose convenience.
So to answer what will win, I think it is really speed. But what should win? I mean, it should be security, you know.
And that can only happen if we, like, educate people.
And, yeah, educate more people.
Maybe if all projects or everyone in this space would push for that narrative.
Maybe, you know, as a narrative or as a movement, if we push for that,
definitely it will be security. But for now, the way I see things, it's definitely speed that's going to be winning,
no matter how we want security to win.
Sorry, I had to add it up.
No, that's good.
Tsunansu, go for it.
Yeah, thank you very much, Bodhi.
Well, I have been listening to everyone and everyone has
really made a valid point. And I think this whole question, it's going to be drawn to
the masses. I know people will just come around Web3, just want to have an experience. They
will definitely go for speed because that is what the common man wants.
He wants things to be done fast.
And just like the last speaker said, people who have been deep into Web3
or into the space would try to consider security as being the winner.
But most of the times in Web3, if you see where speed is more,
most of the times you get a situation
where security is kind of compromised,
like in some cases.
And at times when you see security as strong,
you get to see speed in a very, very,
I would say, uncompromised manner
because someone said that these two topics, you know, like
they have this kind of old like bull and bear market.
But for me, I would definitely go with security because I personally, I'm speaking from a
personal point of view, I can see what has happened in the past,
seeing what experiences with, let's say,
or being in Web2, you know,
trying to see how things have happened
when it comes to your data and all this stuff.
And for me, I'm in Web3 because of security,
I'll be honest.
I'm speaking from a personal point of view.
Not that I don't like speed
and not that I don't complain when my Metamask wallet sucks,
but the truth is, despite what is happening in regards to speed, for people who are looking
for kind of to take control over their own data, security is always what they would want
to go for.
And I've had situations, or I've had stories, I happen to be a Nigerian, and there was a time that the government of Nigeria
had to sue Binance, like I'm talking of a centralized exchange that we all know.
In fact, they arrested about two representatives from the Binance who came
into Nigeria. And also, they were asking for data from Binance to release data of individuals or
people whom they believe or whom they think are those who, trying to kind of destroy the economy or into money laundry
using the platform because that was the allegation they laid.
So you could imagine if Binance or we don't really know what really happened,
but you could imagine Binance giving out data, you know, to the Nigerian government on those who are trading in a certain amount of volume,
like a certain amount of dollars or whatever they're doing with the platform.
And it could be anyone, whether they are good or bad.
But in that aspect, your privacy, your security, I would say, has been in a way compromised
with exchanges like Binance or who are more into speed,
just like you said, like centralized exchanges,
they're more like banks in a way here in the Web3 space.
And while we have speed with them,
most of the times, times and times,
we've seen security compromised by Bit and the rest. And this is, it won't be the times, times and times we've seen security compromised, Bybit and the rest.
And this is, it won't be have Bitcoin, yeah, Bitcoin.
Everyone likes Bitcoin because they believe it is the most secure blockchain, the most decentralized.
And to be honest, Bitcoin has a name.
It's a very big name when it comes to security.
We all know how the whole decentralization works
and how secure it is.
But at some point people were like oh bitcoin is slow
this and that and this and that so um lightning network came in and um yeah we saw lightning
network even if it's not um as um people don't really use it more people prefer to go directly
to you know bitcoin and all this stuff So all I'm trying to say is,
it is gonna depend on the individual or the person in question,
like the person who will be using it.
I think everyone is going to have a personal opinion to this
or like a personal view or preference
to what they want in this space.
But just from what the last speaker said, speed is definitely
going to be what the masses, the everyday common people in the space would want to use,
would want to see. They don't mind if security or they won't want to take caution or precaution of such a security until it happens
to them. And on the other hand, security will be so, so important, especially to investors.
Yes. And well, if you build that in the space, considering the boat is very important,
very, very important as to what you're
going to be doing but nevertheless like I said personally I would take security
because this is why I'm in the space I'll be honest privacy is why I'm in the
space I want to be my own bank I want to have a very secure place where I can
store my money without the interference of any government whatever it is and I think with what
you know the blockchain has done or the web space have done it has given control it has given
a little bit of power to individuals to have that kind of security level of security that was never there. So yes, from our own personal point of view,
I think security will always in the long run do good to the web 3 space as we continue to further.
Yeah, thank you. Yeah, it makes perfect sense. Gridlock, go for it, and then I'll share my thoughts.
Yeah, hey, guys. So I'm hearing Derek here with Gridlock. I'm hearing everyone just considering the differences between speed and security and how it compares to Web2.
But I think as a community, I think we're just simply playing the wrong game.
We're trying to compete with Web2, and that's simply never going to happen. It's
impossible to compete. We have something different. Speed won't matter. It doesn't matter
when there are actual real use cases that the masses want. I'm not talking about things like
pump fun, which is more gambling than innovation. I'm talking about more like pump fun, which is more gambling than innovation. You know, I'm talking
about more like the slow, almost tectonic movements that blockchain is taking because it's making
actual value. And I would go as far as to say that we can entirely disregard speed entirely,
because that would force us to focus on the things that actually matter, like things that are making blockchain useful, things that are disruptive.
And, you know, for gridlock, it's for us, it's easy and risk-free self-custody.
You know, for others, it could be things like applications that don't rely on centralized
control that provide an alternative direction, alternative path.
You know, that's what actually matters.
That's what's going to make change.
Speed has nothing to do with it. Yeah, alternative path. You know, that's what actually matters. That's what's going to make change. Speed has nothing to do with it. Yeah, great points. Definitely great points there.
I mean, there's a reason why, at least here in the United States, that a lot of the medical
insurance type of companies actually are already and have been leveraging blockchain technology for quite
a few years. It's very rare that you hear of hospitals, medicals, insurance breaches in that
fashion, and there's a reason for it, right? Versus where you hear about commerce, stores,
things like that, that are basically having a data breach every other week,
it seems like. So, yeah, great points, everybody. You know, it's interesting to hear you guys take
one side or the other. I think there was only really one person that kind of joined me and said both. Because if you look at the ethos of what we're building over here at Layer 1X,
we're focused on getting the hands out of the cookie jar in a sense
that reduces the amount of risk while transacting
and performing various actions across the space, right?
Web3, not just on our chain, but on other chains as well.
And so, you know, if you think about it and how we've kind of structured it, one of the
biggest things is like not everybody's going to go to one chain.
It's going to be a multi-chain kind of Web3 experience.
And that's where a lot of the vulnerability is.
That's where a lot of the cost is.
That's where a lot of the speed gets slowed down considerably, right?
And so for us building the technology that we've done,
because we reduce the amount of contracts that are needed
to interact from a Solana to an EVM
kind of chain, for an example, it reduces the risk. It reduces the amount of time it
takes to complete the transaction. So in a sense, it speeds it up, but it also reduces
the cost as well. So in my opinion, I think that if we focus on one specific things, primarily
security, cost, speed, everything's going to increase for the better user experience across
the board. So that kind of raises my next question that I have is that technology that I'm referring to, does that come at the individual project level or does that need to come at more of the granular level from like a layer one kind of aspect?
Ezekiel, go for it.
Sorry, guys.
X shocked me last time I was about to say something about the first question,
but it shocked me.
But yeah, I wanted to say that in Web3 we are not talking about speed anymore because
you have several protocols, several projects that build that speed we need.
You can mention, I can mention about two to three projects that i can say yeah they have um less than 250
milliseconds on the finality which means that we have speed in web robots if web3 wants to get that
master we should look at the security of um people's data um assets transactions you can
remember many times let's look at by beats last by beats
heart it's all about security understand so when acts happen you can
close down a project can close down a company and I think we need enough
security because you're not expecting someone from web 2 to come to a prayer
and see experience the heart imagine clicking on a link on social and you see your account see your
balance going to zero that's a very big issue and most web2 are afraid of coming to web2 because
they believe that once they have those asset in a minute they might um start looking for it might
disappear from their account and i think security is something you should put in i shouldn't be
thinking about speed because i believe and i I can tell you that the approach,
how did I build those tech status,
put them those tools we need to build for speed.
And player one is talking about interoperability.
If you want to interact with other chains,
you should look at how secure is it for me
to interact with other chains.
And when it's secure,
it means anyone will be happy and stress-free to interact with other chains and when it's secured it means anyone will be
happy and stress-free to interact with blockchains but if there is security issues my god i'm telling
you i won't even want to interact with any blockchain because i don't want to go lose my
portfolio some hats or anything out there so we shouldn't be looking at speed because we have
speed right now you're looking at how can we secure those apps how can we secure those protocols can we make sure those web users can have those um
free of mind those peace interacting with up without thinking about they are going to lose
those funds they are going to lose their data you understand so let's forget about speed i'm sorry if
i i ran for you guys but I'm talking about speed.
It's not what we want.
We look at security, how to secure blockchain apps,
how to make sure we can interact across chains without thinking of rigs,
how to lose our funds.
So, yeah, that's my point, and thank you all for hearing me.
Because the users at the end of the day could care less what chain you're on.
Unless they have to have tokens for gas on that particular thing.
They just want to hop on, use it, and be done.
So, yep, I agree 100%.
Joel, go for it. uh-oh joel you there
yeah i think so uh the audio is rugging really bad i can't hear you super girl can you at least
hear me clearly um i i just want in a grainy way sort of start to catch up there later on
kind of robotic okay there's someone else i'm gonna leave it cut back
yeah let's go on to dustin yo um no i i think it's important to
have security as a standard.
I'm echoing pretty much what I said earlier.
But yeah, of course, you've got to have speed.
If we demand the security to implement speed on top of that as a standard,
then speed should be completely a part of the plan.
We should be able to have that as a fact.
But I guess the
take on what gridlock mentioned uh was that yeah i mean security is important in that sense of like
if we didn't just focus on the speed the security would implement the speed i mean i guess
paraphrasing but um that that would be just a part of like the transition, you know,
security should be number one, of course,
but the speed should be implemented on top of that as the security as,
as demanded or in a sense as important.
So the education, I guess,
I had to agree on what mentioned because education is very important.
And this is why the bridging and, you they didn't implement like clients or protocol level messaging.
They just had EVM chains on top of each other talking to each other, which I understand we need to move these funds from different chains.
But how do we do it?
We don't just throw it around willy-nilly.
Obviously, centralized exchanges already do that.
So why are we having these bridges hold these millions to billions of dollars of value?
And just assuming that they have the security for us.
So that's always been my mind is education about bridging.
And when it comes to security, the speed's important. Of course,
you want to get into that trade or you want your,
you want your funds to be there immediately,
but we have to demand for the security to have faster speeds.
That should be the number one.
Brother, I need to get you to stop saying bridges.
Hashtag burn the bridges baby uh yeah seriously uh agree with you there like i mean even you you bring up so many
different rabbit holes i want to go down i know that one it's like a such a loopholes like we
still use bridges like it's just like
why like we can't use protocols and speak to each other at the level you know that that to me is
important like the chains themselves should speak to each other not the bridge it's like adjacent
through all these like loopholes and you know they're so fragmented you know so much fragmentation
loopholes and you know there's so fragmented you know so much fragmentation uh 100 100 for those
that don't know uh on average it's about 2.5 billion dollars a year is uh hacked through
bridges uh through bridge exploits and things like that that that is, I mean, it's a problem we're refusing
to solve in a sense. And to many of your guys' points before is we still accept that as a norm,
right? And we need to just demand higher responses from people, right? So for us, that's one of our main things. That's
why we focused on what we're focusing on is that true interoperability that is decentralized from
A to Z. Like you own your assets clear across the board. There's no middleman there to accept your funds that lives in his mom's basement, running it off of his server that could be hacked, right?
I mean, and in essence, that's really what it is.
And so that's why we've always had the hashtag burn crypto bridges for sure. So we're coming up on the top of the hour and I definitely don't want to dive into another question here because I feel like we can keep this conversation going.
But I definitely appreciate those that have jumped in from the panel to participate, taking time out of your guys' busy schedule.
And thanks to all you guys for tuning in. We appreciate you as well.
This has been a great discussion.
I think we're going to probably have to do another one of these, part two, as well.
And so we'll get that one registered and we will notify everybody that we'll be doing a part two.
So I encourage everybody to join with us again.
again. If you haven't, if you've been listening or not really listening, there has been some
really good alpha and really good knowledge drop. These guys know what they're doing. So
definitely give them a follow. Highly recommend them. A lot of great projects being built right
now. So with that being said, if you guys just want to take a quick 30 seconds and just do a quick outro, I'm happy for that.
If you guys want to do a quick shill of some alpha or an event that you've got coming up, go for it.
And let's go with Chain Sight first.
Sure. Thanks for hosting, Cody, and really love to hear everyone out.
We're going to be announcing quite a lot of AI narratives, RWA narratives, and DeFi.
So please follow us on Chainsight.
Please follow this account, and you'll be hearing quite a lot of big news upcoming,
especially in the month of May, June.
And you'll probably be the first one to know.
Love it.
Love it.
Gridlock, go for it.
Hey, guys.
Yeah, Derek here.
I just wanted to just give some shout out to Gridlock, get some knowledge out there.
You know, we are open source, audited, trusted.
Like, we are the storage solution for the people. It's out there.
If you want advanced MPC cryptography, this is something you should definitely look at.
Completely free, completely open source. And yeah, looking for people to join the community.
Perfect. Let's go with Dustin next.
Yo, thanks for having me Cody appreciate layer 1x
be sure to follow everyone on the panel
hit the bottom of the space share it with everybody
I just want to let you guys know we do
have a space for
gridlock Thursday 2pm UTC
hit us up on xcohost and we'll see you
next time peace
love it let's go with
Verox. Go for it.
Oh, we got another rugger.
Gridlock, or we just went with Gridlock.
Ezekiel, go for it.
Guys, I'm in Fisco.
I just want to say it's very good hearing your guys thoughts um also
i don't want to say it tomorrow but let me tell you something listen listen if you want to enjoy
games on scene if you're looking for tournaments you're looking for where to play games you don't
need to move around don't stretch yourself by looking for where to play games come to genome
protocol genome protocols combines every game they get together every games
on web 3 lets you select games you want to enjoy and play and we are having we are going to have
a space this friday uh 2 p.m utc i'm telling you you need to come to this space because we are
going to share lots of alpha and i'm telling you if you've never seen an ai agent playing tournaments
playing games for you you need to to follow Genome Protocol and follow me
and come to our space.
And big shout out to Layer1S for giving all this space
to talk our hearts out to ransom.
But yeah, I'm enjoying.
And thank you for having me.
Always.
Much love.
Love it.
Love it.
Creon, go for it.
Oh, brother.
I actually just get to ask for everyone's help here.
Help me find the true and honest builders. If you guys know or if you are just send me a DM and let's collaborate on a space. I want you guys to be discovering creating this platform, you know, to show a lot of people that there are still true builders and honest builders in this space. And yeah, Let's have some fun on the space.
We're going to be talking about philosophy,
core principles and values,
those stuff.
Thank you, Cody, for having me here and I appreciate you, brother.
Likewise.
Vero X, let's go back to you.
Sayyid, rejoin.
Hello, hello.
Yeah, it seems like I just ragged there for a moment.
So I just want to, again, thank you very much, Layer 1X, for this space.
It has been an awesome discussion.
I'm hoping to continue this on another space in here.
Really quick, I just want to focus everyone's attention towards our outreach program, which we're doing right now. So current holders, they will
get a custom referral code
which they can then use to invite
their friends.
Their friends must buy and hold a certain
amount of tokens and then for
14 days
and also be a bit active around
the DAO essentially and
the activities that we do within
our project.
And then you can get rewarded up to 16%. So definitely
make sure you're following us and
check out our outreach program.
You might find that
you can just bring all your friends in and then benefit
off of that. So yeah.
Once again, thank you very much and really
excited to see you guys soon.
Yeah, thanks for participating.
Antarctic, go for it.
Thanks, guys, and thank you, Leronex, for hosting this.
It's been great, and looking forward to talking to everyone here again.
If you guys are traders, check out Antarctic Exchange.
We're just actually launching our coins program with Republic right now.
They're quite reputable in the States.
We've raised money. We're backed by legitimate
people. We're the real builders.
Check us out.
Awesome. Thanks again to everybody that has
participated. We appreciate it.
I just dropped some
major alpha in the
Jumbotron.
Go check it out.
It's a great link.
Basically, we're doing a strategic raise for us to help build out our quantum resistant
technology.
We've already done it with our interoperability technology.
Now we're advancing it to add in quantum resistance into it.
So, however, one of the fun things that I think is coming out, I have been looking forward to this for well over three years since I joined the project, is the Layer 1x coin becoming a universal gas fee token. No longer will you have to hold Ethereum, Matic, BNB, anything like that.
All you would have to do is just hold the L1X coin and you can transact pretty much on every single chain.
So one token to kind of unite all the chains still goes within our ethos.
So I would highly recommend that you guys check it out because it is at a substantial discount than what you can get it out on the market for right now.
We are listed in quite a few different sexes and DEXs.
And so highly recommend that you check that out because that's the only place that you can get it pretty cheap.
So, yeah, last call for that.
And thanks to all you guys for tuning in.
We appreciate it.
We couldn't do these spaces without your love and support.
And to Creon's point, we are also in the search for those projects that are the next big thing. So join us tomorrow at 8 a.m. Eastern Standard Time
for what we call the 10-Minute Pitch Show,
where you get to hear an unbiased view of a project
as they take 10 uninterrupted minutes to shill to you
about their project, about what they're building,
and what problems
they are trying to solve. It's a classic take on the two-minute speed dating format that we like
to do here so that you can hear what's coming up, what's recently launched, and what has been
launched and currently cooking. So tune in for that every Wednesday at 8 a.m.
And until then, we'll talk to you guys later.
Have a great rest of your week and keep working to unite all crypto.
We'll talk to you later.
Bye-bye. Thank you.
