hi this is Charles has cotton broadcasting live from warm sunny Corona filled Colorado it is March 11th it's actually the five year anniversary of IO HK we founded the company and march 11th of 2015 and it was just two people Jeremy wouldn't myself and now we've grown over 200 people so I did want to do at an anniversary video real quickly and thank all the people that have worked with us throughout the years touched our lives and made it possible for us to get to this point it really it's a humbling experience to see an idea turn into a company and it's an even more humbling experience to see a company build a product release a product and see that product being used in the community so that's just really incredible and thank you for all of that so happy five years and I look forward to the next five years very briefly we do have some things coming up it looks like we're feeling pretty good about the biron reboot released this month and moving forward dates and deadlines related to card on oh and the shellye release are going to be released by aparna zhu the senior product manager who is running the entire product so with the byron reboot because we've been working on this release for 18 months and it contains within it a lot of really cool interesting things we're gonna do a special dedicated video explaining a lot of the cool stuff that's rolling out a lot of optimizations performance improvements security fixes and things like that which have just been waiting in the queue for damn near forever so block time will sync the connecting to network issue will resolve for some people still have that sync times will go way down while at restoration will be a lot faster we're probably gonna migrate to the back 32 you address standards so the addresses will be half the size there'll be a litany of little things like that so a video is gonna hit this month basically explaining all the cool stuff that's coming in with the byron reboot and in terms of dates will announce the pirate reboot date soon it's coming probably this month of high certainty of that and then as soon as the buyer a reboot comes out we'll announce the date of the shelly haskell test net and a shoot as soon as the Shelly Haskell test net comes out a partner will announce the date range for basically the Shelly main net so all of those things are moving in a kind of a rapid rapid pace and if you guys are really curious on a day-by-day blow if you go to the Cardinal wall at github repository there are weekly reports that are generated and I'll go ahead and tweet that link so you can actually see the weekly reports publicly of how our wallet back-end the address dia project is evolving and will have similar open disclosures like that across the four but overall we're still keeping with the monthly product updates that the product managers are going to do all dates moving forward Charles is not going to announce those I have a bad track record with them they're going to come straight from the product team because they've now built all the corpus that they need to have reliable and accurate dates and it's the product managers prerogative how to announce those things so very soon you'll get the day for the byron reboot at the bat when that comes out you'll get video assets and a blog post kind of explaining why this is so significant for everybody and what this basically means for Carnival ecosystem at that launch date you'll get the date for the Shelly test net and then at the Shelly test net when that launches you'll get the date range for the main net things are all looking good and coming soon and if you're following the code you can clearly see yourself but I understand there's a perception that nothing ever gets done so please do be aware that there will be other releases dedicated videos and so forth but it's a pretty exciting to see this come out I mean it's eighteen months of hard work it does a lot of improvements it's a completely new code and it's the code that we want to live with for the rest of time it's could build with formal methods if you're a user of the ITN I the experience that you had there in terms of bugs it's not going to be the same on the Haskell side we dealt with all of that on our side and and what we're releasing is significantly more polished so that's the brief update there we have some other plans of what to do with the ITN team so that we can start accelerating any other parts of the road and if you saw a recent publication of the Hydra paper we're right now talking with our partners and sister companies and trying to figure out the best way of building an execution team for Hydra so the product manager who's responsible for that is Robert Cohen and Rob is going to start regularly briefing you guys as soon as he has a full team he's starting to execute be ready to go that said Hydra does need some unpacking and explanation to the general public many people have read the or tried to read the fifty five page paper that we released and that's a very involved paper with lots of science in fact my favorite tweet of all time was when somebody posted a picture of the simplified Hydra protocol and it has all the state semantics and so forth and it's like yes this makes my head explode so we fully appreciate that that's a really hard paper to read and so what we're gonna do is have Peter gassy memo Chuck a var D and Rob Cohen go on the card ah no effect and basically explain in layman's terms why Hydra is so significant what Hydra can do and why it's so interesting and then that will be followed up with a blog post that's written for everyday consumption but the longer the short is that Hydra gives us the ability to take certain actors hopefully stake pools because they're already using the pledge mechanics and create extensions which can rapidly accelerate transactions and smart contracts so it makes it very viable for a fast payment system very viable for basically micro payments and things that require fast finality and because these can be easily shard at the state space can be charted it's possible to run as many heads as the protocol desires so really this allows us to achieve an enormous level of scalability there are a lot of decisions that have to be made about transaction routing and some of the finer details about how we want to do the networking between the heads and the head-to-head communication and those unique challenges will be discussed by Rob and those are challenges that not only we face but everybody who's pursuing this layer to approach faces but what makes it very unique is that this is the first time it's been modeled and built for the extended UTX Oh model so one of the really cool things is that whatever code we write an approach we use is not interoperable at the moment with Tasos cos or aetherium - meaning that this is a unique scaling solution that only Cardinal will benefit from for the moment that said we can build applications on top of Hydra that allow it to be used for cross chain communication so while we gain interoperability we do gain the benefit that our counting approach basically is required for people to natively put this on the ledger so it can't easily be copied or ported unless they also copy the extended UT EXO model and that means they're using our smart contract language and our paradigm so it rains more developers hence so I do kind of like that we have a first mover advantage there and one that's going to be very difficult for our competitors to copy so look for that card ah no effect episode I've already reached out to Rick and to Ron Alexander our media guy and they're kind of coordinating schedules and that episode will hit this month also look for the blog post on Hydra and then we'll all have another blog post coming out about the pirate reboot and why that's so significant some of the cool things as well as some of the lessons we learn building that code from bugs we were able to discover using really sophisticated testing techniques - flaws we found in the original Byrant protocol that we've now addressed and released I also hope that the route 9b audit report will be fully remediated sometime soon and then of course we'll release that report to the general public and we'll get the auditor to confirm that we've remediated their concerns within the audit report they found some good things and we've already gotten all of those issues and tickets in JIRA and we're working through them nothing so significant that it requires an immediate disclosure but it's a good example of what adding an extra layer of eyes to a protocol can do for you so I definitely see the light at the end of the tunnel we're extremely excited to get reboot out and the Shelly Haskell test it out we also had a great workshop in London where we actually had a chance to sit down with a lot of the more prominent stateful operators and ask them for feedback about things they care about and feature sent requests that they have if your user of the instead of ice test that you'll notice that the cheap quality has stabilized a great deal you'll also notice that the network is running at a pretty high throughput and rate so we've finally managed to get that Cobra it needs to go we have a few more upgrades coming this month for the ITN that'll add stinkville desirability and other such things and that will really complete the product end to end and at that point you know that basically could be Shelley if we wanted it to but we'd rather ship with the highest shares code and there's a few more features on the Haskell side that are quite prevalent also the pirate interoperability is kind of a necessary tank because we don't want to reset the network so so a lot of stuff coming and it's exciting to see that the processes are all starting to lock and click in and the releases are there and it's really nice to see that we've generated a huge amount of public disclosure about our progress don't let the fun on the forums get you down or the current state of the markets get you down and I do understand that we are entering into a likely global pandemic and this creates a lot of volatility but I will remind everybody in the cryptocurrency space that should the worst case scenario happen I think crypto is going to fare extremely well because the general public is probably not going to be so happy that their bank accounts are locked and the amount of money they can withdraw is limited and who they can do Congress with is limited they're probably going to want financial freedom and honestly our industry as a whole is the only one that can offer that so the worst this pandemic gets the better it's probably going to be for our industry as a whole and for people's perception of the need for new systems to solve complicated problems if Corona dies out because of seasonality and we can hope that that's the case then we'll probably see the markets massively rebound and rising tides will apply and the crypto boom will restart so on both ends of the bookshelf I think our industry as a whole is going to be ok just hang in there though it's gonna be very volatile for a while and you know times are gonna be up and down that said the fundamentals are sound the principles are sound we now know how to build a global scale financial doesn't have a clear path to that we have a clear path to the centralization and governance we have a clear path to smart contracts so the science side has delivered and the engineering side is delivering I and assume you guys get to use this to build your hopes and dreams and I hope that you deliver a better future for all of us and I'm certainly going to be a foot soldier in that in that upcoming battle so thanks for all for listening and then let's get through this upgrade cycle lots of software to download and install Cheers
