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Hashing It Out - Ava Labs Kevin and Stephen

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I'm a first differentiates itself with its consensus protocol. Which I know you've talked about a lot before Previous episodes of this but I'll I'll give a very brief overview of essentially. It's a highly scalable both in throughput and also the latency and the number of participants The can participate in consensus. So the first kind of main idea that that started album was the concert. Now since then we've also branched out into this idea of sub nets relate heterogeneous or a heterogeneous network. So that allows us to Kind of scale not just like on like consensus speed sides but also allows people to develop their own personalized Network so for example. We we are able to port the EDM so easily because we can essentially just have a wrapper around an existing EDM implementation and then use avalanche consensus with that and so we can court in two Gecko in relatively easy manner with how we structured sub nets and so that lets people not just You know have very fast infrastructure but also very flexible one so someone could implement their own. Virtual machine has an arbitrary business logic. That's specific to them and so Say so those are those are the two technical side And then I think Kevin can talk a lot more about like the business on how we're kind of it chained to to meet unique in that aspect but I think From the architecture side where we're kind of pushing towards like You know very very flexible infrastructure both on the consensus and the engine side for Kevin. Kevin I WANNA I wanNA trend reiterate something that's I think is incredibly important about The what office doing That is it's a it's a market distinction between consensus and the underlying data or mach- machine. Stay right most open networks right now those things are intrinsically married like like the consensus for lives state and the changes nate whereas Aga An it's different. Nation is consistent his own thing and then you can have other like a bunch of different machines rely on. That's exactly yeah that's basically exactly right. It's program ability not just at the application layer which is what other smart contract platforms delighted to already It's also program ability At layers below that the network stack wind data stacks which is an important property allows some interesting things that are very difficult from for for others One of the most important things that we want to make sure is that we build a smart contract platform that capitalizes on the value of the applications built on top This is something that for example doesn't do I can if I issue a let me let me call a low velocity a high longevity type of assets. Something like You know Real Estate Orlando something like that That on a theorem Looks no different than forgive nommik laser here but the any regular should coin It accumulates the same fees. It does not. It is not guaranteed to be different from any other Coined the does may be has no value whatsoever to it and we're trying to capitalize on this problem in a way that provides a that gives the issue of assets in creators smart contracts on our platform the ability to effectively divide the the the guarantees a little bit more at a higher. Gherardi or Logan. Larry Rather It's it's about you know giving somebody that is issuing these applications that or the asked us that have very high longevity needs and high security needs It gives them the ability to pay much much. Larger fees to be stored for very long period of time and be very secure. Burst something that. Maybe he's just not very high value and needs may be much higher speed and much lower fees so this is something that we allow. That theory doesn't quite allow and and is actually goes down to the to the token design as well so in fury on the the problem is it does not You know if I issue a new token Or if I build a ruler. Successful application of the theory Yeah fees are paid in East which is great but down to the minors and nobody else benefits from the fact that there is usage off of these Of this of this token on the system It's actually It's actually quite a big problem for theory. I mean you have so much value being built on a theory that bitcoin could never could ever dream off right now and none of it is really being capitalized at the value that it should be capitalized by the by the underlying token Our design has been more of the not the designer. We've taken is more of the the one that says. This is a cap supply token like bitcoin. And whenever you do operations that require things like creating new blockchain's and paying for transaction fees and so on they burn off the tokens and the burning Obama tokens alternately creates scarcity novel and so that capitalizes on the underlying On the underlying token of the of system. So that's an in a different designed from How a theory has done this But I mean this more foam I would say peripheral property The first goal that we want achieve is really in the ability to effectively labrum ability at the at the network data layer which is very very important because it allows a lot of flexibility on how you can design your your economics for your smart contract. It's like effectively. You know smart contract level charting almost if you want to think of it that way. Maybe that's not quite super correct. But it's the best knowledge that I can possibly come up with in one sentence and And that's just not the case for any other platform the whoops there okay So Steven you mentioned these subjects that have has right. How do those are? Would you compare those those akin to para chains or something like Sharpton East to a so with the St Louis? Model that you mentioned. How does that compare to something like East? Who which has the goal of being more stateless. Yes so I think the biggest difference the tweet our model and something more similar to their model is that offer us are. Our sub nets are heterogeneous which means that they aren't necessarily running these same The same the Amer the same the same Guess scheme if you're preparing database land So east to at least you know. Correct I'm wrong but Each to is planning on the chief being scale ability on the same kind of network with the same security guarantees in the same network guarantees across all of its shards. So what that means is that essentially. They're trying to paralyse computation and increase their throughput by adding nodes not need to validate the entire the entire state And so that's that's very useful in some cases however what's typically pretty difficult. When there's a lot of cross shark communication which on blockchain it then becomes very important of how you're you're splitting things into shards and so from from our point of view you know you're GonNa have something like you know the die chain or the Guy I G- CHARD. Where ever wants to be on the Diet Chart because everyone of us die and so all of a sudden anyone that isn't on the die charred is going to have to be communicating with the DIA- Chard Which is relatively expensive in most Charlotte Systems However with us Our viewpoint sub nets is that some nets are heterogeneous and so they may contain their own environment so for example B. Edm would live in its own sub met and would have surprise like Is a is Senate that were planning on doing which is a soon of Eutherian state. So so that's That's like the big difference really so we have something that's based off of the functionality. Rather than you know just splitting the entire state. So that's like the main

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