 So, I will give you an example. So, just two words right alive and dead and most people think there are no other choices other than this, but a mathematician would actually realize that ok this is a spectrum here which would typically look like this right how much activity are you able to do when you when you when you are when that variable reaches 0 that is what we call as dead right. So, when you think with words this is the problem you all you will not realize that there is a there is a constraints variable at play. Now, there is a similar concept in blockchain when people say permission blockchain and permission less blockchain they are again thinking with categories, but what is and they will they will say that ok bitcoin is tamper proof, ethereum is tamper proof, quorum is not tamper proof right, but a mathematician would actually flip that around and say ok tamper proof is not the right word because nothing is tamper proof bitcoin has been has been forked ethereum has been forked the correct word or correct variable is how much tamper resistance is there. So, you could you can say that ok bitcoin is very highly tamper resistant some private permission permission blockchain are less tamper resistant right. Now, there are some advantages and disadvantages of having a high tamper resistance if it is a permission less network like bitcoin or ethereum you have to spend a lot of value just to secure the blockchain because anybody can write to the blockchain right. So, that is why we end up with a space like this you have tamper resistance on the right hand side, but latency and transaction cost both go up because anybody has ability to write. So, a government which has democratic accountability versus some teenagers sitting in his bedroom both of them have equal rights right. Now, that is why the security cost go up which shows up in latency and transaction cost. So, most people will think just permission less and permission blockchain right they will say permission blockchain I will get low latency transaction cost, but only at the cost of tamper resistance right. Now, when you visualize this as a 2-D space then you can think about how can we move to that diagram right high tamper resistance and low latency and low transaction cost. So, this is what we have been working on it is a new cryptocurrency, but it is it is not from scratch we are using lot of open source infrastructure right. So, yeah 0 cost it is a permission blockchain right. So, 0 cost low latency and we have smart contracts which are much safer than Ethereum's during complete language. You can read this later, but I will I will basically explain. So, there is a database blockchain database called Big Chin DB right it basically says there are 15 nodes which will accept a transaction they will validate each other because it is a permission 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 transition history can be removed right. So, Big Chin 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 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 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 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, we 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 some 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 make you lose money right these are this is an internet standard another standard called interlager protocol. So, basically this says how do we transfer assets from across block chains how do we transfer Bitcoin to Ethereum to IPDB to something else right it is also going to be compatible with IPDB. So, a 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 5 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 a 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 have basically our plan is to make very inclusive very transparent very accountable community right. So, goal is to be better than Indian marketing 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 to 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 their transaction is accepted the nodes which will people who are running the servers. So, it is a permission blockchain. 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 have thinking in trust and not trust you think how much trust can I give them 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 in 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 1 GB of data on the IPDB there is a 100 dollar 1 time charge that is it and it is a structured data it is a blockchain database right. It is not a blockchain the way you use Bitcoin or Ethereum. So, they can store structured data it is a JSON document that you are storing along with the transaction. Yes, they use MongoDB, RethinkDB and all these competitors, I do not know about stores. Does it validate the transaction I mean is it possible to fake transactions there. So, here it is not because 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 really 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 1 hour 1 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 an asset it the assets can also be divisible which basically makes it a coin right. So, if I have declared 1 billion coins I can divide it into and then against 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 ok. 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 indivisible and 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 this 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 solidity code and now somebody has stolen my coins it is a very simple contract. So, basically you just try to bullion 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 one you can create multi six contracts. So, that is what I said right that because we do not have to give coins to miners 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 is a 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 all those I mean it is a work in progress right lots of questions are open, but yes you can join our slack and you can start contributing to this policies. 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 may be 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 there is no cost it is open source. So, IPDBs are going to be a public database and big change 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 transactions 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 reputed 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 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 slightly on the left side of the temper resistance axis you can get the entire benefit of the latency in cost transaction. So, internet archive is there IPFS foundation there is a whole list on IPDB website which you can check 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 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. Yeah, sure 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. No, no so contribute in what sense developing apps develop contribute in what sense money we are not taking money. I am right. Correct, correct ok 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. 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 that is a 100 GB 100 dollar charge forever like perpetually. So, that is peanuts actually, but even we would not even hit that case. Atcoin is still permissionless blockchain right which means they have to worry about securing the blockchain which means transaction cost and latency. So, here also there is a bit of latency it is not instantaneous because you will post transaction to one node and you will have to verify with other nodes whether they have also accepted a transaction or not. So, it is not instantaneous but it is not as slow as like 3 hours for bitcoin and all those. They are just 20 nodes to worry about.