 you can read this later, but I will I will basically explain. So, there is a database blockchain database called Bikchin DB right it basically says there are 15 nodes which will accept a transaction they will validate each other because it is a permissioned blockchain yes you are losing a bit of you have a bit of risk in the sense that they can stop accepting transaction. So, there is censorship possibility there another option is another possibility is that they can somebody can do a drop database. So, entire transaction history can be removed right. So, Bikchin DB is a German company they are building this what they are saying is you can run the nodes can be run by different organizations with different governance models let us say one organization is under Indian government another is in China's laws right and that gives you a good enough decentralization. So, they are launching this database called interplanetary database it is a non-profit open source project they the nodes will will be run by non NGOs like internet archive IPFS foundation right. So, there is there is no for profit company here it is all open source it will be very low cost right. So, now they have this concept called assets. So, and you can have divisible assets and indivisible assets. So, what we realize was using this we can actually reach this quadrant. So, we see high temper resistance and very low latency in transition cost right. So, the way it works is it is basically a divisible asset because. So, our plan is basically not to run any nodes at all which means you do not have to worry about us manipulating transactions at all we do not have your private keys nobody controls the database we do not even have this power to censor your transactions right because we are not running the nodes. And we are building a couple of applications it is a it is an open source project right we have trying to build a community going. Yeah you can you host it anywhere yeah, but if you are hosting on AWS then obviously you are also in including the risk associated with AWS. Anybody can anybody can run a server, but it is a private network you can decide to start your own private network as in your company you can have a enterprise supply chain blockchain using big chain DB. So, it is a more low level building block what they are doing is they are using this to run a special network called IPDB which will be public which will be non profit and which will be maintained by NGOs there is no for profit company involved. So, the advantages are that one there because there are no mining there is no mining right there is no security risk. So, which means we do not have to reward miners. So, whatever the supply of coins is there we can use that to reward developers and advocates the evangelist right. So, people who build applications on top of this coin they will earn the that is that will be called the mining. For smart contracts they are planning to follow this IETF standard called crypto conditions. So, this is not during complete this is not a program which the smart contract in IPDB is not a program, but it is a boolean expression you can say that anybody who satisfies this condition can withdraw this coin right you can say that 4 out of 10 people have signed this transaction and therefore, therefore, the transaction is valid. So, you can implement escrow you can implement auctions you can implement a whole bunch of contracts, but it is not during complete. So, you cannot do what Ethereum can do that is an advantage because now these are deterministic contracts these are low latency contract there is no cost to pay there is there are no tricky bugs which can which can which can make you lose money right these are this is an internet standard is another standard called interlager protocol. So, basically this says how do we transfer assets from across blockchains how do we transfer Bitcoin to Ethereum to IPDB to something else right it is also going to be compatible with IPDB. So, couple of things that we have built basically it is a slack bot right. So, you add this bot to your slack and then your users can pay each other right it is a tip. So, it is a one way transaction there is no it is not an exchange, but it is a tip I can say pay this user five coins and then the transaction gets posted to IPDB there is no node involved here right. So, this is this is already working and we have this in progress we already also contributed driver to BigchainDB which is now featured on their home page. So, we are part of we have access to their test network the public network launch will happen may be in a month or so. Yeah basically this is the project and we are looking we are basically our plan is to make very inclusive very transparent very accountable community right. So, goal is to be better than Indian Macking system right. So, we have to it is there is no pre mining founders do not get any reward right everything is transparent everything is open source and everybody is willing to everybody is welcome to contribute any questions. So, basically they have multiple nodes and there is a each node will be validating the transaction, but they have a voting mechanism. So, if enough nodes vote that this transaction is valid then that the transaction is accepted the nodes which will people who are running the servers. So, it is a permission block change so not everybody runs the server. So, you are trusting a set of people. So, I mean that is what I am saying you should of thinking in trust and not trust you think how much trust can I give them no that depends that depends. So, let us say this is within your company right of course you trust your company's own servers or let us say this is your own supply chain network you trust your vendors you trust your customers I mean it depends IPDB. So, they have a long term storage cost which is very minimal. So, if you store one GB of data on the IPDB there is a hundred dollar one time charge that is it and it is a structure data it is a blockchain database right it is not a blockchain the way you use Bitcoin or Ethereum. So, they can store structure data it is a JSON document that you are storing along with the transaction. Yes, they use MongoDB, RethinkDB and all this competitors I do not know about storage. Yeah, does it validate the transaction I mean is it possible to fake transactions there. So, here it is not because you are you are never communicating your private keys to them you are creating a transaction signing it and then posting it there. So, your coins they are stored there and nobody can spend them even the people who are running the nodes and in this case for our asset you do not even have to trust us we are not running any node. So, they they are calling it assets. So, for example, I have a bicycle and I want to rent it to somebody right I can create a token which gives somebody a right to use that bicycle for let us say one hour one day that token becomes an asset and I can put that on blockchain and it can get transferred by people paying for it and you know. So, it is it is an asset it the assets can also be divisible which basically makes it a coin right. So, if I if I have declared one billion coins I can divide it into and then I can people can transfer part of the total supply to each other. So, it is a divisible asset. So, there is no mining involved here there is no mining it is a it is a as in anybody can create any asset right no. So, maybe you should you might want to read more about how big change is not trying to create a new currency it is a blockchain database that is it anybody can create any asset it could be divisible it can be all it will ensure is that the ownership is verified. So, it is double spending is not possible incentive for doing what. So, this network IPDB is being run by NGOs they they plan to charge a very minimal storage fee right they do not care what assets you are transferring they just care how big your asset data structure is because they have to host it and sync it and replicate in all these cases. So, these are all very reputable NGOs like internet archive. No. So, this allows querying it is a database it is a you can store structured data. So, this is you can say it is in the same family. So, here it they are following all the IETF standards right. So, crypto condition is one of the I mean it is a draft standard right now, but the idea is that you do not have to worry about there is a bug in my solidarity code and now somebody has stolen my coins it is a very simple contract. So, basically you just try to Boolean expression you can say that anybody who gives a string whose hash is equal to this. So, that is called a hash lock. So, you can say anybody who comes up with this password can claim this asset. You can say anybody who has this public key or the private key for this public key can claim this coin you can create multisig contracts. So, that is what I said right that because we do not have to give coins to minors which are just securing the blockchain we can give the same coins to developers. Anybody who builds an apps this is for example, here it is a zero cost and low latency right which means it can solve some use cases which Bitcoin Ethereum will not do and I give you an example which is slack tipping or micro payment right it is immediate payment and there is zero transaction fee which means this coin can solve some problems where this is the best fit anybody who creates a app for that can be rewarded with coins. So, yeah so all that although so it is I mean it is a work in progress lots of questions are open, but yes you can join our slack and you can start contributing to this policies and all. So, just think of this why does IPFS foundation run IPFS. So, they think that there is value in having a verified verifiable transaction trail for and having it available to everybody. So, IPFS again there is no cost anybody can store and there are nodes which are running for free right and then file coin and came and said ok maybe for some cases I need incentives right, but IPFS will continue to go on internet archive where do they store all this data where do they provide you archives of all website and just I am just I am just saying that this NGOs these are very well-reputed NGOs what they want to do is they want to provide blockchain functionality to everybody not just anybody who can afford the transaction cost and afford the mining cost no there is no cost it is open source. So, IPDBs are going to be a public database and big chain DB is the just a tool which you can use to build such other such databases what we are doing is we are building an asset and associated apps on top of IPDB the advantage of IPDB is that I can move to that quadrant right you do not have to trust my nodes you are not never sending any data to us. So, you do not have to trust us we cannot do drop database we cannot prevent transitions from coming in there is no censorship there is no removal of transactions and obviously, temper resistance is obviously there, but my point was that because IPDB is a public database run by reported NGOs which of which we are not a member we can actually move to that we are not obviously, as temper resistance as bitcoin that is obviously true because there are let us say 20 NGOs and it is possible theoretically that 10 of them can collude and let us say start stop accepting transaction for somebody specific right that would be censorship. So, just it is a bit it is a slightly less temper resistance than bitcoin, but my whole point is that there is a spectrum by just moving slight slightly on the left side of the temper resistance axis you can get to the entire benefit of the latency in cost transaction. So, internet archive is there IPFS foundation that there is a whole list on IPDB website which you can check it is it is like IPFS it is like IPFS anybody can build any application storing data on IPFS correct. Now, IPFS does provide temper resistance what it does not provide is protectionable against double spending which this will provide anybody can create any asset no no once ok. So, let us say you have created 100 coins of your own let us say has gig coins you there is no more additional supply which is possible. So, creation can only happen once if you create a second transition those are different coins they are not exchangeable right. So, you cannot keep adding supply it does not have to be private network you can publish it on the IPDB, but you cannot add supply later on you have to declare everything in advance there can be only one create transaction for one asset. So, basically we are trying to build apps to get this started right and everybody is welcome to join and contribute if anybody has any other questions about not just indium coin, but IPDB, big chain DB or in general blockchain I will be happy to answer. So, contribute in what sense developing apps contribute in what sense money we are not taking money correct correct. No no. So, the idea is there are some cases where low latency and low transition cost is very essential micro payments is one example right. Now, how would you go about building a micro payment based app on let us say bitcoin and ethereum there is no alternative right now. The only alternative is I will have to use PayTM and basically this fiat currency. One second what did you said it cheaper than this there is no fees here IPDB eventually plans to target the users who will store big amount of data in a single transaction right. So, one GB there is a 100 GB 100 dollar charge forever like perpetually. So, that is peanuts actually, but even we would not even had hit that case. Atcoin is still permission less blockchain right which means they have to worry about securing the blockchain which means transition cost and latency. So, here also there is a bit of latency it is not instantaneous because you will post transition to one node and you will have to verify with other nodes whether they have also accepted the transition or not. So, it is not instantaneous but it is not as slow as like 3 hours for bitcoin and all those there is just 20 nodes to worry about.