 Okay, so we're going to talk about a formal layer two standards working group which has been formed as an EEA community project managed by OASIS and we'll explain what that means. But first I am Tosh Dienish. I work at the Ethereum Foundation on ecosystem support focusing on the enterprise ecosystem. So I work with the Enterprise Ethereum Alliance, chair of the Mainnet Interest Group, co-chair of the EEA community project, project governing board. And this is Dan Shaw. I'm Dan. I've got a decade of kind of bringing together innovators and the enterprise, helped bring Node.js into the foundation, been a founder, done a lot of open source stuff, and I am the co-chair of this. And Dr. Andreas Foreind is my co-chair and with a storied background, he's the spec lead on the baseline protocol and as well as my co-chairs. Okay, so last talk really teed up why standards are useful to have a space and a clearing house for discussions and a neutral space, right? There's so much innovation that's happening that we need to come together and our perspective is in part the needs of the enterprise. And in order to sort of continue the adoption that we're seeing, Layer 2 is essential. So putting into place those standards and specification to enable Layer 2 to thrive. So why are we doing this as an EEA community project managed by Oasis and what does that mean? So Oasis is a non-profit technical standards body that was formed in 1993. They've done things like XGML and XML and a lot of sort of technical software standards sort of along the lines of IEEE or W3C, RETF. So the Ethereum community project was formed three years ago as an Oasis open project. So under the Oasis standards bodies umbrella, what happened to my slides? By EF consensus and the EEA. So Ethereum community projects is an Oasis open project meaning it's open source, open standards development and so we chose Oasis because it's pretty low bureaucracy and it's a flexible standards process unlike some of the other ones like the W3C and IETF that a lot more bureaucratic and cumbersome. Oasis is kind of more ethereum friendly in that it's lower bureaucracy and flexible. So some of the folks that are involved, of course Tashna and Andreas from the EF, we have Accenture, Boba, Matter Labs, Metis, Off Chain Labs, Optimism and Polygon and we'd love to have you so please come and join us. Tashna? So what have we been working on? There are lots of ideas for standards development topics in the Layer 2 ecosystem. The two that have gotten the most work done so far first is a canonical token list format. So the issue is that most Layer 2 projects have a list of tokens that exist on their Layer 2s and a wave that they map to in many cases a Layer 1 token or a token on another Layer 2 and these lists are not maintained in any common standard format so standardizing the way that these token lists are stored it would be beneficial for interoperability. Another project is address aliasing. So the goal here is to be able to deterministically derive addresses of a digital asset or an externally owned account on an EVM execution framework when it moves across chains. So if you know the origin chain of an asset you should be able to deterministically derive the address of it on another chain. We have many ideas for potential future topics to work on. Layer 2 transaction fee structures, Layer 2 transaction interface standards. One idea that's gotten some discussion is about cross chain bridging of digital assets with residuals. So the issue there is that if you have a token like an NFT representing a bond or something that gets royalties over time something that gets payments over time and you move that to another chain it breaks the connection between the payments and the asset. So that's not a completely solved problem there's been some discussion about that we would love to have more ideas on that. And if you have other ideas for topics we would love to hear them we would love to have your involvement please get in touch. So thanks a lot we meet bi-weekly you can hit us up on our emails the Github is github.com. EA slash Oasis L2 and a big thank you and shout out to L2 Beat at DevConnect we got in this initiative off the ground but thanks to L2 Beat's event at DevConnect we were really able to get a lot of the initiatives that you just saw set up and really move forward. So we'd love to have you join us thanks. Thank you so much guys you did it the two of you were the fastest ones.