บทถอดความฉบับเต็มของ Aztec Network： Programmable Privacy, ZK Layer 2 & a Fair Token Sale with Uniswap

by data miners. And the end goal really is 37 00:01:57.840 --> 00:02:02.239 to bring Web to style like functionality and user experiences 38 00:02:02.280 --> 00:02:04.200 into Web three products and services. 39 00:02:04.879 --> 00:02:09.599 Definitely, And do you believe that privacy is of becoming 40 00:02:09.639 --> 00:02:13.520 even more important now that larger enterprises and institutions are 41 00:02:13.520 --> 00:02:16.719 getting involved. Of course individual privacy is important as well. 42 00:02:18.800 --> 00:02:20.800 I got some views on this. I think it's kind 43 00:02:20.800 --> 00:02:24.800 of twofold. One is, you know, blockchains are reaching more 44 00:02:24.800 --> 00:02:27.240 into the real world, and as they do that we 45 00:02:27.400 --> 00:02:29.919 run into this you know, age of problem of like 46 00:02:30.199 --> 00:02:33.680 people need privacy. The world relies on information asymmetries, and 47 00:02:34.400 --> 00:02:37.879 that's missing from most blockchains. And so I think that's 48 00:02:37.919 --> 00:02:40.280 one reason why this is kind of top of mind 49 00:02:40.280 --> 00:02:43.479 at the moment is as we see all these new 50 00:02:43.560 --> 00:02:46.199 chains launch, these layer ones, these there twos, and like 51 00:02:46.319 --> 00:02:48.639 some of them do start to get adoption, they run 52 00:02:48.680 --> 00:02:52.240 headfirst into this war, which is we need privacy, and 53 00:02:52.360 --> 00:02:55.840 I think, yeah, the other side is obviously institutions are 54 00:02:56.039 --> 00:02:59.319 just noticing this industry growing and wanting to get part 55 00:02:59.360 --> 00:03:02.280 in it. When they try and replicate their flows on 56 00:03:02.319 --> 00:03:06.439 these public ledges, they run into the same problem, which is, hey, 57 00:03:06.639 --> 00:03:08.719 this is the thing that powers my business and web 58 00:03:08.759 --> 00:03:12.080 two the information that I hold can't be public, like 59 00:03:12.120 --> 00:03:16.240 that's how my business functions. And yeah, they run into 60 00:03:16.240 --> 00:03:19.120 the same problem of leading privacy. We kind of ran 61 00:03:19.120 --> 00:03:21.520 into this problem six seven years ago when we were 62 00:03:21.520 --> 00:03:24.360 trying to put corporate debt onto ethereum. So that's kind 63 00:03:24.360 --> 00:03:27.759 of how Aztec was created, like with this desire to 64 00:03:27.800 --> 00:03:31.080 build kind of a products on top of Ethereum and 65 00:03:31.120 --> 00:03:33.840 realizing we couldn't. But I think that's the main reason 66 00:03:33.919 --> 00:03:37.599 is that, yeah, there's increased adoption and just increased like 67 00:03:38.360 --> 00:03:42.039 eyes on crypto and blockchains in general, and they all 68 00:03:42.080 --> 00:03:44.520 see the same thing, which is it doesn't work without 69 00:03:44.960 --> 00:03:46.879 kind of strong privacy guarantees. 70 00:03:47.199 --> 00:03:52.000 Definitely, and with that corporate debt. That's interesting. Way back now, 71 00:03:52.000 --> 00:03:56.120 we're seeing a huge surge in real world assets actually 72 00:03:56.120 --> 00:04:01.199 being tokenized on Ethereum, different money market instruments and equities, 73 00:04:01.520 --> 00:04:04.599 and hopefully you know, the whole financial system and stock 74 00:04:04.680 --> 00:04:08.759 market will be on blockchain, if not on ethereum. And 75 00:04:09.120 --> 00:04:12.840 with as tech being a layer two on Ethereum versus 76 00:04:12.840 --> 00:04:16.920 a standalone chain and having that foresight like six seven 77 00:04:16.959 --> 00:04:19.759 years ago when you started developing it, can you talk 78 00:04:19.800 --> 00:04:22.879 about the positioning in where the industry's at right now 79 00:04:22.920 --> 00:04:25.319 with Ethereum and as tech as a layer too, and 80 00:04:25.360 --> 00:04:26.079 how that fits in? 81 00:04:28.839 --> 00:04:30.399 Yeah, I can, I can, I can, I can start 82 00:04:30.399 --> 00:04:34.120 with that. I mean, the foresight is really just I mean, 83 00:04:34.439 --> 00:04:36.120 for us, it was pretty basic. It's you know, we're 84 00:04:36.160 --> 00:04:40.879 trying to just think extremely challenging fully private privacy preserving 85 00:04:41.079 --> 00:04:44.199 small contracts. So we didn't want to build our own 86 00:04:44.240 --> 00:04:47.319 consensus network, didn't want to build our own execution clients 87 00:04:47.480 --> 00:04:48.920 the way that you have to deal if you're not 88 00:04:48.920 --> 00:04:52.079 building on Ethereum. So for us it was a it 89 00:04:52.120 --> 00:04:55.759 was a no brainer. Also, uh, you know, privacy is 90 00:04:55.800 --> 00:04:59.519 not useful if you don't have liquidity, and Ethereum is 91 00:04:59.560 --> 00:05:02.040 and I think will remain for some time, the canonical 92 00:05:02.439 --> 00:05:07.959 home of assets being issued. And so when it comes 93 00:05:08.000 --> 00:05:11.279 to your your question about like the what was it? Sorry, 94 00:05:11.439 --> 00:05:14.000 sorry for forgetting like was it? You're asking about the 95 00:05:14.000 --> 00:05:17.360 positioning of Ethereum today, and like whereas stands in the 96 00:05:17.360 --> 00:05:21.519 general blockchain space. I think that Ethereum is a very 97 00:05:21.600 --> 00:05:27.519 unique value proposition that is very differentiated because it is 98 00:05:27.600 --> 00:05:33.959 a fully decentralized stitbuted network where governance is very pluralistic, 99 00:05:34.000 --> 00:05:39.319 it's very security conscious, and that does affect it, like 100 00:05:39.399 --> 00:05:42.439 the speed of Ethereum when it makes to make decisions 101 00:05:42.439 --> 00:05:47.120 strategic shifts. However, despite all that, it's delivered some of 102 00:05:47.160 --> 00:05:53.920 the most technically ambitious updates ever seen from any blockchain. 103 00:05:53.959 --> 00:05:55.920 You know what's happening, particularly with the versacer

update of 104 00:05:56.519 --> 00:06:00.120 Operate effectively sharding realized, something people have been talking about 105 00:06:00.120 --> 00:06:03.439 for years, is incredible. And so you just have this 106 00:06:03.800 --> 00:06:09.360 profound concentration talent on Ethereum because it is genuinely decentralized 107 00:06:09.399 --> 00:06:12.720 and composable and permissioners. You don't need to ask permission 108 00:06:12.720 --> 00:06:14.439 to build in it. You know that there's not going 109 00:06:14.519 --> 00:06:16.839 to be like privileged stakeholders that are going to kind 110 00:06:16.839 --> 00:06:20.399 of under undermine you or rug you. It's it's very unique, 111 00:06:20.480 --> 00:06:24.720 and I see it being you know, it won't be 112 00:06:24.720 --> 00:06:29.120 the fastest blockchain ever, but it will always be I 113 00:06:29.160 --> 00:06:31.639 think the most secure one that people are comfortable building on, 114 00:06:32.199 --> 00:06:35.560 and the one where for for meaningful assets, assets with 115 00:06:35.639 --> 00:06:37.800 like substantial value behind them, it's kind of the natural 116 00:06:38.160 --> 00:06:42.160 place to create and distribute them. 117 00:06:42.279 --> 00:06:44.240 Yeah, in terms of of for Aztec, I mean we 118 00:06:44.279 --> 00:06:48.680 get to inherit that security as a z roll up 119 00:06:49.000 --> 00:06:51.759 of liberty roll up on Ethereum, and so as Zach 120 00:06:51.920 --> 00:06:55.360 was saying, kind of that not having to rethink consensus 121 00:06:55.360 --> 00:06:58.439 and kind of focus on, you know, building out the 122 00:06:58.439 --> 00:07:02.279 privacy side of things and menting Ethereum with privacy has 123 00:07:02.360 --> 00:07:06.040 kind of been kind of key to our strategy. Unlike 124 00:07:06.120 --> 00:07:09.199 most layer twos, like we're not just taking Ethereum and 125 00:07:09.439 --> 00:07:12.600 putting it on a lower layer to make it cheaper 126 00:07:12.839 --> 00:07:15.800 or faster. We actually have different block space and so 127 00:07:16.319 --> 00:07:19.120 we're kind of value additive to all of the Ethereum 128 00:07:19.240 --> 00:07:21.839 chains like lair one and all of the layer twos, 129 00:07:21.959 --> 00:07:25.160 Like you can easily bridge from az tech to any 130 00:07:25.160 --> 00:07:28.600 of these chains, and you can bridge not just value 131 00:07:28.600 --> 00:07:32.839 but information, and that's very powerful because it means you can, 132 00:07:33.079 --> 00:07:36.720 you know, plug into existing DeFi but add user privacy. 133 00:07:36.920 --> 00:07:39.560 So if I'm a user and I want to swap 134 00:07:39.560 --> 00:07:42.839 funds on Arbitrum, I can do that from by routing 135 00:07:42.920 --> 00:07:47.120 my transaction through as tech And as a result, kind 136 00:07:47.160 --> 00:07:49.160 of as tech is kind of you know, value additive 137 00:07:49.199 --> 00:07:53.560 to to most EVM chains, and that ecosystem is just growing.

138 00:07:53.639 --> 00:07:56.199 It's like it's about network effects really, and I think 139 00:07:56.240 --> 00:07:59.759 that's what's going to keep Ethereum on top for a 140 00:07:59.759 --> 00:08:02.199 long time and why we're happy to kind of plug 141 00:08:02.199 --> 00:08:04.720 into that ecosystem and contribute privacy when we can. 142 00:08:05.759 --> 00:08:08.879 Definitely. Yeah, I know, it's really exciting, and especially the 143 00:08:08.920 --> 00:08:12.480 growth and interest in Ethereum as a treasury asset this 144 00:08:12.600 --> 00:08:16.399 year and the market cap going up so rapidly and 145 00:08:16.639 --> 00:08:19.639 volatility in both directions. But it's been an exciting year 146 00:08:20.199 --> 00:08:24.879 for adoption overall. And you know, the network effect is 147 00:08:25.399 --> 00:08:27.959 it's it's hard to compare. Maybe there's one other chain 148 00:08:28.000 --> 00:08:31.040 that we could compare potentially, but I think etherorem has 149 00:08:31.160 --> 00:08:35.639 quite the lead. And you know, talking about developing on ethereum, 150 00:08:35.679 --> 00:08:39.639 say there was a for example, there's adapt or that 151 00:08:40.159 --> 00:08:42.399 wanted to maybe it was already on ethereum. Maybe there's 152 00:08:42.440 --> 00:08:46.080 developers that want to build something that's privacy centric. How 153 00:08:46.200 --> 00:08:50.799 do they go about starting with aztec and integrating that 154 00:08:50.799 --> 00:08:52.480 privacy like from the beginning. 155 00:08:54.480 --> 00:08:56.120 Yeah, maybe I can take a stop. So it's kind 156 00:08:56.120 --> 00:08:58.679 of I think of as like type one applications and 157 00:08:58.720 --> 00:09:01.159 then type type two is just as a mental model. 158 00:09:01.159 --> 00:09:04.240 And so for type one, these are like applications that 159 00:09:04.320 --> 00:09:09.000 exist not on as tech. There are applications designed for 160 00:09:09.080 --> 00:09:12.480 the EVM, their public applications, they were designed without privacy 161 00:09:12.519 --> 00:09:15.360 as a core primitive and in those in those kind 162 00:09:15.399 --> 00:09:19.600 of applications, you know the capital and the app stays 163 00:09:19.600 --> 00:09:22.240 on its destination chain, so it's on if they remain there, 164 00:09:22.279 --> 00:09:25.399 it's on arbitrum, it's on base. In that flow, all 165 00:09:25.879 --> 00:09:28.440 developer needs to do is build a simple interface that 166 00:09:28.559 --> 00:09:32.240 lets a user route their transaction through as tech. And 167 00:09:32.320 --> 00:09:35.080 so you need to build an application that attracts a user, 168 00:09:35.360 --> 00:09:37.799 but you don't need to rebuild UNI swap, and when 169 00:09:37.799 --> 00:09:40.720 you do that, you get privacy because you can you 170 00:09:40.759 --> 00:09:43.440 can bridge. When you bridge out of as tech, you 171 00:09:43.480 --> 00:09:46.279 can't see who sent the transaction. You

can then start 172 00:09:46.320 --> 00:09:49.080 to augment those with kind of like additional logic, so 173 00:09:49.120 --> 00:09:52.639 you can say, okay, this transaction came from as tech, 174 00:09:52.759 --> 00:09:55.360 and I also get to guarantee that the person who 175 00:09:55.399 --> 00:09:57.759 center has a UKIT passport, so you can start to 176 00:09:57.759 --> 00:10:01.080 do kind of like conditional confidential logic as like a 177 00:10:01.120 --> 00:10:03.960 gateway into building on as tech. But this is really 178 00:10:04.000 --> 00:10:07.279 still kind of like in the camp of Type one applications. 179 00:10:07.320 --> 00:10:11.519 It's like the design space is existing public DeFi that 180 00:10:11.559 --> 00:10:14.679 we kind of know it love. For Type two applications, 181 00:10:15.159 --> 00:10:18.240 these are like as tech native applications, and here you 182 00:10:18.279 --> 00:10:22.559 get to really leverage the power of having kind of 183 00:10:22.559 --> 00:10:25.320 privacy as a first class primitive or private state is 184 00:10:25.320 --> 00:10:28.279 a first class primitive. In that model, you have to 185 00:10:28.320 --> 00:10:31.320 deploy a smart contract onto as tech. You use our 186 00:10:31.360 --> 00:10:34.919 programming language NOIR, which is a RUSS kind of rust 187 00:10:35.039 --> 00:10:39.159 like DSL, and you can then leverage kind of much 188 00:10:39.360 --> 00:10:42.879 more feature rich applications that you can't exist in a 189 00:10:43.279 --> 00:10:47.200 public execution environment. The best example to maybe illustrate the 190 00:10:47.240 --> 00:10:51.240 difference that that I like to share is around uni 191 00:10:51.240 --> 00:10:53.799 stop is obviously a public dex it's the ratio of 192 00:10:53.799 --> 00:10:57.240 two public variables to create a price. An ODC desk 193 00:10:57.320 --> 00:11:00.799 is an inherently private application or or a dark pool, 194 00:11:00.840 --> 00:11:04.000 And you can't do an OTC desk without an intermediary 195 00:11:04.120 --> 00:11:08.320 on ethereum on as tech you can because you know, 196 00:11:08.360 --> 00:11:11.639 it's it's hiding who the buyer is, who the seller is, 197 00:11:11.679 --> 00:11:14.360 how much they're buying or selling, or the price, and 198 00:11:14.440 --> 00:11:16.840 you can kind of compose that in any way you 199 00:11:16.879 --> 00:11:19.200 want as a developer. And so it's these types of 200 00:11:19.360 --> 00:11:22.720 net new applications that are kind of type two on 201 00:11:22.799 --> 00:11:26.679 as tech that we're we're excited about. Both will obviously 202 00:11:26.759 --> 00:11:29.559 drive transaction through put on as tech. I think it's 203 00:11:29.639 --> 00:11:32.679 very easy to just bring privacy to existing applications, but 204 00:11:32.799 --> 00:11:35.639 this like net new type of application is you know, 205 00:11:35.679 --> 00:11:37.720 I think how we bring the world on chain over 206 00:11:37.759

--> 00:11:39.399 the next kind of like one to five years. 207 00:11:40.519 --> 00:11:45.240 That's very cool and that is a perfect example of 208 00:11:45.240 --> 00:11:47.279 the OTC networks. I was actually just going to ask 209 00:11:47.360 --> 00:11:50.840 about sort of early use cases because OTC, especially with 210 00:11:51.039 --> 00:11:54.159 more money coming in sometimes they don't, especially if you 211 00:11:54.200 --> 00:11:55.360 have a lot of money. You don't want to just 212 00:11:55.399 --> 00:11:58.759 go on a decks and make a huge market buy 213 00:11:58.799 --> 00:12:01.480 because it can really move of the market depending on 214 00:12:01.519 --> 00:12:03.799 how much you're spending. But at the same time, you 215 00:12:03.840 --> 00:12:06.360 don't want to just either trust a third party or 216 00:12:06.399 --> 00:12:09.279 give away all your information that you might be spending 217 00:12:09.320 --> 00:12:13.759 a billion on coin and you want that privacy aspect, 218 00:12:14.120 --> 00:12:18.159 So to go further with that with the early use 219 00:12:18.200 --> 00:12:20.600 cases like for example, the OTC desk or other things, 220 00:12:21.600 --> 00:12:25.720 where is that actually at with is it possible to 221 00:12:25.759 --> 00:12:29.440 be that it's already built or it can be built today? 222 00:12:30.159 --> 00:12:33.080 Well, I mean we've already built an o TC disproof 223 00:12:33.120 --> 00:12:35.399 of concept which is live and our testa I believe, 224 00:12:35.840 --> 00:12:38.960 So yeah, you know, we have you consistent partners building 225 00:12:38.960 --> 00:12:43.200 this stuff out for production settings ideally when we launched, 226 00:12:43.200 --> 00:12:45.879 if not shortly shortly afterwards like when transactions go life. 227 00:12:46.039 --> 00:12:48.840 But yeah, this stuff isn't completely possible to build today, 228 00:12:48.879 --> 00:12:51.679 you know, like the privacy primitives are built out where 229 00:12:51.679 --> 00:12:53.879 you can you can do these sports privately, and we're 230 00:12:53.879 --> 00:12:56.279 also building out the layers of the identity stack, so 231 00:12:56.320 --> 00:13:00.960 that's even regulated identities can can perform some of this. 232 00:13:01.480 --> 00:13:06.399 I think the first the first kind of keystone piece 233 00:13:06.440 --> 00:13:09.159 of technology for this is ZK Passport, again an ecosystem 234 00:13:09.159 --> 00:13:12.720 project where I think with our with our token sale, 235 00:13:12.720 --> 00:13:15.840 with the first first users of this product on chain, 236 00:13:15.919 --> 00:13:19.639 where we're using these zero knowloge passport proofs to validate 237 00:13:19.679 --> 00:13:23.279 that users aren't on an effect list, and also that 238 00:13:23.320 --> 00:13:27.559 the unique users because in Aztec, because we want to 239 00:13:28.279 --> 00:13:31.960 air a fair token sale, we're capping how much individuals 240 00:13:32.080 -->

00:13:34.639 can bid and then using ZK passport a civil protection 241 00:13:34.679 --> 00:13:37.840 which is not something that's been possible before on blockchain. 242 00:13:38.879 --> 00:13:41.240 So this is kind of like the first time that 243 00:13:41.960 --> 00:13:44.440 the identity stack is starting to be integrated into a 244 00:13:44.440 --> 00:13:46.279 public blockchain, and we're going to see a lot more 245 00:13:46.279 --> 00:13:48.360 of that over the next few years. 246 00:13:48.879 --> 00:13:51.679 Definitely. Yeah, I'm I'm looking forward to seeing how Ethereum 247 00:13:51.679 --> 00:13:55.360 itself evolves with privacy. And you know, I didn't You 248 00:13:55.399 --> 00:13:58.480 guys probably are following close closer than me, but I 249 00:13:58.480 --> 00:14:01.559 didn't see the exact details, but it seemed like in 250 00:14:01.600 --> 00:14:06.120 the most recent them DEVCN plus the new Ethereum updates 251 00:14:06.120 --> 00:14:09.519 that just happened this week, there's more of a privacy 252 00:14:09.720 --> 00:14:13.559 aligning with privacy does it seem like the vision of 253 00:14:13.960 --> 00:14:16.679 Ethereum on the privacy aspect and Aztec are sort of 254 00:14:16.720 --> 00:14:18.279 like merging into one. 255 00:14:19.799 --> 00:14:22.120 I absolutely think so. I think to be a little 256 00:14:22.120 --> 00:14:24.440 bit arrogant. I think the E theory community is starting 257 00:14:24.440 --> 00:14:27.759 to see what we saw several years ago, which is 258 00:14:27.799 --> 00:14:31.279 that if you don't have privacy, this is just Savena's technology, 259 00:14:31.759 --> 00:14:34.720 you know, and the scope of the applications that you 260 00:14:34.720 --> 00:14:37.440 can build on a blockchain are very restricted because you 261 00:14:37.440 --> 00:14:40.840 have to be cumfled with everything in public. And we've 262 00:14:40.879 --> 00:14:43.720 reached a point, we've reached a threshold where a this 263 00:14:43.840 --> 00:14:47.279 is now a very critical barrier to growth, and B 264 00:14:48.440 --> 00:14:51.480 the actual technology privacy I anology is now advanced enough 265 00:14:51.559 --> 00:14:55.200 that people can start to actually think about a future 266 00:14:56.000 --> 00:14:59.440 that incorporates it. Whereas before when I was talking about 267 00:14:59.440 --> 00:15:03.000 privacy music, it was much more hypothetical because we had 268 00:15:03.039 --> 00:15:04.879 to do a lot of like us and the rest of Computa, 269 00:15:04.840 --> 00:15:06.399 you had to do at original research to get the 270 00:15:06.440 --> 00:15:10.000 technology to the point where you can actually build useful 271 00:15:10.039 --> 00:15:10.679 systems with it. 272 00:15:12.279 --> 00:15:15.600 Yeah, it's it's cool to see, and I guess you 273 00:15:15.639 --> 00:15:20.200 know it's worth mentioning. You mentioned there that without privacy 274 00:15:20.200 --> 00:15:24.480 it's a surveillance technology and part of

maybe a sub 275 00:15:24.559 --> 00:15:27.519 sector and niche of the crypto industry that are very 276 00:15:27.519 --> 00:15:31.840 privacy focused. Uh or at least the inceptions of the 277 00:15:31.879 --> 00:15:34.360 crypto industry back in the day and the silk in 278 00:15:34.399 --> 00:15:37.799 the silk and dark markets and stuff that privacy was 279 00:15:37.919 --> 00:15:41.080 like what you know, it's it's a balance, like is 280 00:15:41.120 --> 00:15:43.759 it you want privacy because there's all listed activity or 281 00:15:43.799 --> 00:15:46.039 you just want privacy because privacy is a human right 282 00:15:46.080 --> 00:15:48.279 and you want to protect your personal information. And from 283 00:15:48.279 --> 00:15:53.080 what I understand with Aztec, you know it's private but compliant, right, 284 00:15:53.159 --> 00:15:55.440 privacy but compliance merged together. 285 00:15:56.320 --> 00:15:59.679 That's well. I mean, there's as you just mentioned as 286 00:15:59.679 --> 00:16:02.960 a spec from here and what we think is most important. 287 00:16:03.000 --> 00:16:05.279 So what I say when I talk about aztec and 288 00:16:05.440 --> 00:16:08.039 how I want it to be used, I'm giving a 289 00:16:08.120 --> 00:16:12.519 very biased opinion about what I think is important, what's valuable. 290 00:16:12.559 --> 00:16:14.679 But in order for any of these ideas to be 291 00:16:14.759 --> 00:16:16.919 to be brought into life, it's very important that the 292 00:16:16.960 --> 00:16:20.639 actual network layer itself is completely neutral and doesn't care 293 00:16:20.679 --> 00:16:22.879 about any of this. As in this is a debate 294 00:16:23.000 --> 00:16:27.000 that other people should have, and I think that, like 295 00:16:27.240 --> 00:16:29.600 as sex, responsibility is to make sure that that there's 296 00:16:29.600 --> 00:16:32.840 a completely neutral network where it's permissioners, it's private, there's 297 00:16:32.879 --> 00:16:35.120 no kind of central custodian in the network. They can 298 00:16:35.159 --> 00:16:37.639 see what's going on. And I want to make sure 299 00:16:37.679 --> 00:16:40.200 that on our network we can provide the tools and 300 00:16:40.240 --> 00:16:43.399 the technologies to an app developers to build compliant apps 301 00:16:43.759 --> 00:16:46.080 they need to, they want to. I want to make 302 00:16:46.080 --> 00:16:47.720 sure that there is there's tools and technology so that 303 00:16:47.759 --> 00:16:50.840 application developers can ensure their users know that they're not 304 00:16:50.879 --> 00:16:55.559 helping bad actors, because I think that's important. But I 305 00:16:55.600 --> 00:16:57.279 do want to just prefer it, like to to kind 306 00:16:57.320 --> 00:17:01.600 of separate that from what the actual network is doing 307 00:17:01.600 --> 00:17:07.680 into laboring, because yet that neutrality it's extremely important for us. 308 00:17:08.079 --> 00:17:11.279 That's why we're deploying like day one fully decentralized. 309 00:17:11.920 --> 00:17:13.400 Yeah, I can get a bit further. I mean, like 310 00:17:13.880 --> 00:17:15.359 you can view it as a bit of a spectrum. 311 00:17:15.400 --> 00:17:18.680 Like so Ethereum has this same neutrality, and you can 312 00:17:18.680 --> 00:17:21.599 build privacy apps on Ethereum. It's just very difficult. They're 313 00:17:21.640 --> 00:17:24.720 not composable and you have to have a team like 314 00:17:24.920 --> 00:17:27.799 Aztec to be able to do it. And so like 315 00:17:28.039 --> 00:17:30.799 az Tek is a privacy app on Ethereum to think 316 00:17:30.799 --> 00:17:32.960 of it in another way, and we chose e theorem 317 00:17:33.000 --> 00:17:36.240 because it's neutral, it can't be stopped, and it's a 318 00:17:36.279 --> 00:17:40.079 great home for those those types of applications. The only 319 00:17:40.119 --> 00:17:43.240 difference between like US and US and ethereum and in 320 00:17:43.279 --> 00:17:45.960 that case is that we've made it easier for developers 321 00:17:45.960 --> 00:17:49.200 to build those applications by you know, building tools that 322 00:17:49.200 --> 00:17:52.119 are specific for the job. So we have noire, We 323 00:17:52.200 --> 00:17:55.519 have loads of primitives, loads of libraries, loads are great 324 00:17:55.519 --> 00:17:57.839 dev tools that you mean that you don't have to 325 00:17:57.880 --> 00:18:00.519 be a cryptographer anymore to write an Apple cation. You 326 00:18:00.559 --> 00:18:02.799 can just write a function and put private above it 327 00:18:03.440 --> 00:18:09.079 and it becomes a private function. And this is very 328 00:18:09.079 --> 00:18:12.079 powerful because you know, it gives developers these tools and 329 00:18:12.200 --> 00:18:15.640 they can decide for their use case how they need 330 00:18:15.759 --> 00:18:18.240 to follow the rule book. If you're a game that's 331 00:18:18.279 --> 00:18:22.799 training trading kind of meaningless assets or like a social network, 332 00:18:23.599 --> 00:18:26.279 you're kind of you don't need to have compliance over 333 00:18:26.319 --> 00:18:28.960 the assets because you're you're just you just had information. 334 00:18:29.440 --> 00:18:32.000 If you have USDC and you have like a you know, 335 00:18:32.039 --> 00:18:35.160 a federally regulated like asset, you're gonna have a very 336 00:18:35.200 --> 00:18:37.839 different level of kind of compliance you have to you 337 00:18:37.920 --> 00:18:40.799 have to kind of adhere to, and yeah, the goal 338 00:18:40.799 --> 00:18:43.079 of the network is to give developers the tools to 339 00:18:43.200 --> 00:18:45.880 make that choice, and there's a there's a huge spectrum 340 00:18:45.880 --> 00:18:49.319 of things they can implement to do that. So I 341 00:18:49.359 --> 00:18:51.440 think another way of thinking about it as well is 342 00:18:52.559 --> 00:18:54.400 this question of kind of like how do you deal 343 00:18:54.440

--> 00:18:58.079 with compliance or listed activity comes up a lot, and 344 00:18:58.119 --> 00:19:00.960 I think the reason it comes up is because the 345 00:19:01.039 --> 00:19:04.200 early days of kind of privacy on blockchains were very primitive, 346 00:19:05.000 --> 00:19:07.240 and what you could really do was in crypto balance. 347 00:19:07.359 --> 00:19:09.400 Like we live through this. We had earlier versions of 348 00:19:09.720 --> 00:19:14.400 aztec and you couldn't build a fully functioning programmable smart contract. 349 00:19:14.519 --> 00:19:19.440 You could have like like a poor like version of 350 00:19:19.440 --> 00:19:21.559 privacy basically where you could only do a limited amount 351 00:19:21.559 --> 00:19:25.240 of compute. Now you have like drue and complete smart contracts, 352 00:19:26.240 --> 00:19:28.440 you can do what Zach was saying earlier. You can 353 00:19:28.480 --> 00:19:31.759 tie your identity to your cryptocurrency account with tools like 354 00:19:31.880 --> 00:19:37.000 ck passport, and that actually really helps kind of boost 355 00:19:37.000 --> 00:19:39.759 the compliance. You can add to an app if your 356 00:19:39.799 --> 00:19:42.160 if your app needs it. And I think it's a 357 00:19:42.160 --> 00:19:44.799 bit it's a bit strange to think about because sometimes 358 00:19:44.839 --> 00:19:46.640 you're like, wait, if I put my identity on a 359 00:19:46.680 --> 00:19:48.519 blockchain that's going to be public. I don't want to 360 00:19:48.519 --> 00:19:50.400 do that, but you kind of have to make that 361 00:19:50.440 --> 00:19:55.160 step sometimes to actually get more privacy, which is a 362 00:19:55.200 --> 00:19:56.680 little bit of a jump people have to go through. 363 00:19:57.200 --> 00:19:59.240 Well yeah encrypted, Yeah, yeah. 364 00:20:00.079 --> 00:20:01.960 I was going to say, I feel like, you know, yeah, 365 00:20:02.000 --> 00:20:04.240 it's about there's definitely a balance, but at some point 366 00:20:04.640 --> 00:20:07.160 if you, you know, if you want to transact a 367 00:20:07.240 --> 00:20:11.200 large amount of money. I think it's unreasonable that everyone 368 00:20:11.240 --> 00:20:13.519 thinks that they could just be completely anonymous. And now 369 00:20:13.640 --> 00:20:16.880 now X has even implemented you know which country you're from, 370 00:20:17.240 --> 00:20:20.000 even if you have an anonymous account, although I bet 371 00:20:20.039 --> 00:20:24.160 that could probably be improved with ZK proofs somehow. 372 00:20:24.680 --> 00:20:26.519 Oh immenseally. I mean, the the current X thing, in 373 00:20:26.519 --> 00:20:28.759 my opinion, is going to create more problems in the 374 00:20:28.759 --> 00:20:31.720 solves long term because it's very easy to buy pass 375 00:20:31.720 --> 00:20:34.640 with the VPNs. So if you're actually like a bad actor, 376 00:20:34.680 --> 00:20:36.240 so let's say you'll get you're in I don't know, 377 00:20:36.279 --> 00:20:39.720 you're somebody in Sri Lanka, that's like just like spreading 378 00:20:40.000 --> 00:20:42.240 American fake news and rage bait because it gets engagement 379 00:20:42.279 --> 00:20:44.920 and money. Right, Like, well, you're going to use a VPN, 380 00:20:44.920 --> 00:20:46.680 you're going to make it pretend like you're an America 381 00:20:47.039 --> 00:20:49.799 pretty easily. So I think this will just catch out 382 00:20:51.359 --> 00:20:54.359 like the people who aren't creating problems, and we're already 383 00:20:54.359 --> 00:20:56.240 started to see an x right like it's credit this dynamic. 384 00:20:56.279 --> 00:20:58.119 People are like, oh, look, this person's a foreigner, he's 385 00:20:58.160 --> 00:21:01.559 not one of us. So I mean, with with Zako technology, 386 00:21:01.640 --> 00:21:03.839 you can actually, like you could if you want to 387 00:21:03.839 --> 00:21:06.319 go down that road, you can make it much more 388 00:21:06.400 --> 00:21:08.319 robust so that you know you can't get around to 389 00:21:08.319 --> 00:21:10.480 the VPNs. You could use things like passports saying okay, 390 00:21:10.519 --> 00:21:12.240 you've got to you got to show me your citizenship 391 00:21:13.079 --> 00:21:15.839 to to get like a flag next to your profile. 392 00:21:17.240 --> 00:21:19.200 But yeah, I think jury is still out on whether 393 00:21:19.240 --> 00:21:21.079 that's actually going to be a good thing or not. 394 00:21:21.680 --> 00:21:22.640 M definitely. 395 00:21:22.720 --> 00:21:26.279 I want to jump back to the network a few points. 396 00:21:26.400 --> 00:21:32.160 You mentioned that the OTC app could be running on 397 00:21:32.240 --> 00:21:34.519 the test net right now, and then I know, you know, 398 00:21:34.720 --> 00:21:37.279 the huge news of the show, which we should talk 399 00:21:37.319 --> 00:21:41.720 about more, is the live uh c C a clearing 400 00:21:41.759 --> 00:21:44.680 option with uniswap. We did mention unit swap and then 401 00:21:44.680 --> 00:21:47.720 the token launch and the and the main launch. 402 00:21:47.519 --> 00:21:49.279 Of the whole network. 403 00:21:49.519 --> 00:21:51.640 Can you talk about this because this is very unique. 404 00:21:51.640 --> 00:21:56.960 I haven't seen this before uniswap continuous clearing auction versus 405 00:21:57.160 --> 00:21:59.200 in traditional token sale. 406 00:22:00.839 --> 00:22:03.359 Yeah, maybe I can take a start and starting with 407 00:22:03.359 --> 00:22:06.759 the network and then getting into the auctions. So we 408 00:22:07.119 --> 00:22:09.400 you know, as we said earlier, we wanted to make 409 00:22:09.440 --> 00:22:13.000 sure that Aztec was credibly neutral and this privacy wasn't 410 00:22:13.000 --> 00:22:16.720 controlled by by anyone, And as a result, we strongly 411 00:22:16.799 --> 00:22:20.200 kind of believe in decentralizing the network. That doesn't mean 412 00:22:20.319 --> 00:22:23.480 just decentralizing kind of who's running

the nodes and the sequencing. 413 00:22:23.519 --> 00:22:27.720 It also means decentralizing governance and economic ownership with the network. 414 00:22:28.200 --> 00:22:31.079 And so when we kind of when it came time 415 00:22:31.079 --> 00:22:33.799 to launch a network, we were looking at different mechanisms 416 00:22:34.240 --> 00:22:38.039 on how to do this, and you know, there's obviously 417 00:22:38.079 --> 00:22:41.599 air drops, there's traditional token sales, and they all didn't 418 00:22:41.640 --> 00:22:45.240 really fit the bill because they either, you know, in 419 00:22:45.279 --> 00:22:47.519 an air drop, you like you kind of give away 420 00:22:47.519 --> 00:22:49.319 tokens for free, and that doesn't really work in a 421 00:22:49.359 --> 00:22:51.640 proof of stake network where people need to have skin 422 00:22:51.680 --> 00:22:55.079 in the game, and traditional token sales like usually have 423 00:22:56.200 --> 00:23:01.200 a multitude of problems around bots taking all the times sniping, 424 00:23:01.319 --> 00:23:04.960 gas wars, whales. They're actually quite bad for distributing tokens. 425 00:23:05.039 --> 00:23:07.960 That they're good for raising money if you create the 426 00:23:08.039 --> 00:23:11.839 right dynamic, but they're bad for distributing tokens to a 427 00:23:11.880 --> 00:23:15.599 broad base of people. And we ended up speaking to 428 00:23:15.680 --> 00:23:19.680 unisword because they were building this new auction type called 429 00:23:19.680 --> 00:23:22.319 a continuous clearing auction, and so after over the last 430 00:23:22.359 --> 00:23:26.319 three months, we've kind of helped them launch it as 431 00:23:26.359 --> 00:23:29.039 a core contributor and that the goals of the auction 432 00:23:29.119 --> 00:23:33.559 are to have an auction that lasts multiple days and 433 00:23:34.039 --> 00:23:36.759 over the course of that auction, determine a fair price 434 00:23:36.839 --> 00:23:40.559 for the token. As a result, you kind of you 435 00:23:40.640 --> 00:23:43.920 remove all of these kind of gas wars or wear 436 00:23:44.000 --> 00:23:48.200 attacks or sniping that come about from traditional auctions, just 437 00:23:48.240 --> 00:23:51.720 based on the auction mechanic. And it's a really new 438 00:23:51.799 --> 00:23:54.480 novel mechanism, but I think in the next kind of 439 00:23:55.000 --> 00:23:56.920 one to two years it will become a default for 440 00:23:57.839 --> 00:24:01.680 token launchers. Is just an exciting thing to see it 441 00:24:01.720 --> 00:24:05.200 live with the first project to go through it as 442 00:24:05.359 --> 00:24:07.799 as a as a kind of live live token launch. 443 00:24:08.640 --> 00:24:11.519 Yeah, yeah, no, it's really interesting and I think the 444 00:24:11.640 --> 00:24:16.440 auction methods can be more fair for sure. I think 445 00:24:16.559 --> 00:24:18.960 there's been a lot of attempts over the past seven 446 00:24:19.000 --> 00:24:22.960 eight years

on different mechanisms, and I have seen some 447 00:24:23.039 --> 00:24:27.759 auctions in different ways, not with this CCA style, but 448 00:24:28.039 --> 00:24:31.359 they seem like they're successful. And then after that, you know, 449 00:24:31.400 --> 00:24:34.039 it's just a matter of after you're live, that's the 450 00:24:34.079 --> 00:24:37.680 whole next step. And you guys have been running this. 451 00:24:37.920 --> 00:24:39.519 You know it's only open for a few more days. 452 00:24:40.519 --> 00:24:43.920 What's the what is that next step? Like after it's 453 00:24:43.960 --> 00:24:45.920 closed and like you know. 454 00:24:46.400 --> 00:24:51.160 Where the real real work begins. Yeah, so I mean 455 00:24:51.480 --> 00:24:55.079 I can start, maybe you can continue. So we the 456 00:24:55.079 --> 00:24:57.160 next step is we're currently going through our internal audits 457 00:24:57.160 --> 00:25:00.880 of the network. So Ignition is currently like on Ethereum 458 00:25:01.039 --> 00:25:04.240 main network, the asset network is producing blocks, but the 459 00:25:04.279 --> 00:25:07.279 block gas limit is zero because we're still finishing our audits. 460 00:25:07.279 --> 00:25:12.720 We're balating everything is secure, and then ideally when that happens, 461 00:25:12.799 --> 00:25:15.400 sequences on the network will vote to increase the gas 462 00:25:15.400 --> 00:25:21.039 limit on Aztec straight mono limits, and then the network 463 00:25:21.039 --> 00:25:23.400 will be live. You know, we already have I think 464 00:25:23.440 --> 00:25:26.200 it's like eighteen twenty people building because it's a partner's 465 00:25:26.200 --> 00:25:29.920 building applications on Aztec and our goal over the next 466 00:25:30.200 --> 00:25:34.640 eighteen months is to basically just increase the developer experience 467 00:25:34.640 --> 00:25:37.680 of astec, increase the downstream user experience, scale the network, 468 00:25:37.759 --> 00:25:41.599 reduce the block times, improve it security. There's an enormous 469 00:25:41.599 --> 00:25:44.319 amount of work that is going to be ongoing, just 470 00:25:44.359 --> 00:25:48.440 like Ethereum today is nothing like it was in twenty sixteen. 471 00:25:49.559 --> 00:25:51.759 You know, we're going to constantly be pushing this state 472 00:25:51.799 --> 00:25:53.920 of the art here because, as you said, like the 473 00:25:53.920 --> 00:25:56.839 hard work is only just beginning, and we want to 474 00:25:56.880 --> 00:26:00.640 make sure that the asset network is easily build on 475 00:26:00.680 --> 00:26:03.519 top of as Ethereum Orcelana. We want to make sure 476 00:26:03.559 --> 00:26:07.000 that it's completely scalable. We want to we're building an 477 00:26:07.000 --> 00:26:09.440 application specific al thro lot stack on top of it, 478 00:26:09.480 --> 00:26:11.240 called the S six stack, so that you can do 479 00:26:11.279 --> 00:26:16.440 extraordinarily fast applications for things like

micropayments or like AI 480 00:26:16.720 --> 00:26:22.200 intent payment settlement stuff. Yeah, and so yeah, like the 481 00:26:23.920 --> 00:26:25.599 it's it's it's a it's a it's a it's a 482 00:26:25.599 --> 00:26:28.039 big it's a big world out there, and we just 483 00:26:28.079 --> 00:26:30.799 want to take we want to want to be fundamentally 484 00:26:30.799 --> 00:26:32.960 it's take a lot of economic activity that's not happening 485 00:26:33.039 --> 00:26:35.200 on chain right now, and to make it into aztec 486 00:26:35.480 --> 00:26:38.519 as opposed to the currently model of L two's alt 487 00:26:38.599 --> 00:26:40.720 el ones, where you're trying to like kind of almost 488 00:26:40.759 --> 00:26:43.799 like parasitically steal other people's liquidity on chain. We're not 489 00:26:43.839 --> 00:26:46.160 interested in that. We want to do completely new stuff. 490 00:26:46.640 --> 00:26:48.039 Yeah, I agree. 491 00:26:48.440 --> 00:26:52.720 The token side, So you had to sell lasts for 492 00:26:52.960 --> 00:26:55.319 two and a bit more days, I mean maybe two 493 00:26:55.400 --> 00:26:59.559 days now. Actually, by the time this goes out, and yeah, 494 00:26:59.559 --> 00:27:01.759 by the end the auction will it will find a 495 00:27:01.759 --> 00:27:04.960 fair market price. Then there's a Uni s wort View 496 00:27:05.000 --> 00:27:08.759 four pool that's created at that price, and then eventually 497 00:27:08.799 --> 00:27:13.200 the token is not transferable in that pool for a 498 00:27:13.240 --> 00:27:16.640 few a few kind of months, and then early next year, 499 00:27:17.039 --> 00:27:21.079 coinciding with network launch, tg will happen and you can 500 00:27:21.119 --> 00:27:24.079 then use the token for the fees on the network, 501 00:27:24.559 --> 00:27:26.920 and before then you can stake it on the ignition 502 00:27:27.039 --> 00:27:30.240 chain to make sure that everything's working as intended on 503 00:27:30.240 --> 00:27:34.000 on main net, gearing up to the enablement of transactions. So, yeah, 504 00:27:34.039 --> 00:27:35.680 it's going to be a busy kind of Christmas period 505 00:27:36.359 --> 00:27:39.599 as all of this wraps up and we finish our audits, 506 00:27:39.640 --> 00:27:42.079 but it's good to have something else to do over 507 00:27:42.079 --> 00:27:46.119 the holidays. Other than just eat turkey and drink drink 508 00:27:46.200 --> 00:27:49.599 too much eggnog or other things like that. So I'm 509 00:27:49.640 --> 00:27:50.319 excited for it. 510 00:27:50.920 --> 00:27:53.720 Yeah, definitely, that's exciting. And I feel the same way. 511 00:27:54.640 --> 00:27:56.759 I think, you know, the regular nine to five people, 512 00:27:56.759 --> 00:27:58.839 they're like they can't wait for a break, and we're like, 513 00:27:58.839 --> 00:28:00.799 we just want to keep going, Like it's nice to 514 00:28:00.839 --> 00:28:02.559 have other things to do, but like, we just love 515 00:28:02.599 --> 00:28:04.599 this technology so much, and I know there's so much 516 00:28:05.359 --> 00:28:08.759 more to be built with you know, if we're gonna 517 00:28:09.400 --> 00:28:12.839 change and evolve the financial system and the world with 518 00:28:12.960 --> 00:28:16.480 this tech, that there's lots to be done. So I'm 519 00:28:16.480 --> 00:28:18.519 glad to see you guys, you know, at this stage 520 00:28:18.559 --> 00:28:22.000 and all to your future success. 521 00:28:23.000 --> 00:28:25.160 Thank you so much. Yeah, it's been a pleasure to 522 00:28:25.200 --> 00:28:27.599 be on and I agree completely with you. You know, 523 00:28:28.720 --> 00:28:31.519 we need to bring the worlds, like all of the 524 00:28:31.519 --> 00:28:35.519 Bold's financing activities onto bookshet, you know, getting out of 525 00:28:35.559 --> 00:28:39.839 the hands of these centralized data cuse stadiums and third 526 00:28:39.839 --> 00:28:40.799 parties we can't trust. 527 00:28:41.480 --> 00:28:46.119 Definitely. And one last thing about the auction as well. 528 00:28:46.319 --> 00:28:49.880 You know you mentioned earlier about the ZK passports. We 529 00:28:49.880 --> 00:28:52.519 were talking about it. From what I understand, you actually 530 00:28:52.519 --> 00:28:55.599 introduced that into the you know, it's like you're using 531 00:28:55.680 --> 00:28:58.279 the technology with the auction, do you actually get to 532 00:28:58.359 --> 00:28:59.519 use the ZK passports. 533 00:29:00.640 --> 00:29:03.000 Yeah, so there's there's kind of I think it's the 534 00:29:03.000 --> 00:29:06.119 first time you can prove you're not on a sanctions list, 535 00:29:06.119 --> 00:29:09.319 you're not a terrorist by taking a ZK passport proof 536 00:29:09.920 --> 00:29:12.079 and make that proof locally on your phone and you 537 00:29:12.200 --> 00:29:16.680 send it to an Ethereum smart contract to verify before 538 00:29:16.680 --> 00:29:19.000 you can participate at the auction. If you don't have 539 00:29:19.039 --> 00:29:21.440 a passport that works with EKE passport, an ID card, 540 00:29:21.480 --> 00:29:25.279 you can always use you know, traditional Web two credentials 541 00:29:25.880 --> 00:29:29.240 to get through. But it's it's really exciting to see 542 00:29:29.240 --> 00:29:33.480 this kind of new way of actually doing these checks 543 00:29:33.759 --> 00:29:35.559 and doing it in a way where you know your 544 00:29:35.680 --> 00:29:38.559 data can't be like lost in a data breach. Like 545 00:29:38.960 --> 00:29:41.119 so every time you know, you send you a photo 546 00:29:41.119 --> 00:29:44.000 of your passport to a server and it you know, 547 00:29:44.200 --> 00:29:47.279 it could just get hacked in two years and as 548 00:29:47.279 --> 00:29:52.079 a result, it's just like a really poor end user experience. 549 00:29:52.720 --> 00:29:55.319 And so I'm just excited to see this this new 550 00:29:55.319 --> 00:29:58.279 way of doing things. It's the same

technology that lets 551 00:29:58.319 --> 00:30:00.599 you go into countries and so like you know, we 552 00:30:00.680 --> 00:30:03.599 have these signatures in our passports and these NFC chips 553 00:30:03.599 --> 00:30:06.000 that we go through eGates with, and now you can 554 00:30:06.079 --> 00:30:07.880 kind of view ethereum a bit like an e gate 555 00:30:08.559 --> 00:30:11.559 and we can validate these these proofs there. And so 556 00:30:12.119 --> 00:30:14.160 I think it's going to be very commonplace in the 557 00:30:14.200 --> 00:30:17.720 next year that this will be just a norm. And 558 00:30:18.200 --> 00:30:21.440 that's another another thing that's on the exciting list for 559 00:30:21.440 --> 00:30:22.200 twenty twenty six. 560 00:30:23.240 --> 00:30:26.079 That's super exciting. Yeah, I'd love to eGate into every 561 00:30:26.599 --> 00:30:29.839 potential one hundred x Unicorn investment, make it as easy 562 00:30:29.839 --> 00:30:32.799 as possible and use ZK technology at the same time. 563 00:30:32.880 --> 00:30:35.880 That's super cool, gentlemen. Thank you. And what's the best 564 00:30:35.920 --> 00:30:39.319 way for people to follow along with these updates of 565 00:30:39.400 --> 00:30:42.440 like the entire network as well as just the token sale. 566 00:30:42.200 --> 00:30:46.279 For well lasts, Yeah, so x is probably the best 567 00:30:46.319 --> 00:30:49.680 for just general updates with as tech network on on 568 00:30:50.000 --> 00:30:52.599 x and then for the token sales specifically, it's sale 569 00:30:52.720 --> 00:30:55.160 dot as tech dot network and you can kind of, 570 00:30:55.240 --> 00:30:57.599 you know, see the auction in real time. 571 00:30:57.680 --> 00:30:57.880 There. 572 00:30:58.240 --> 00:31:01.480 You can see the tokens clearing contains, which is kind 573 00:31:01.519 --> 00:31:04.119 of the whole point of CCA, and even if you're 574 00:31:04.160 --> 00:31:06.799 not bidding, it's a fun thing to watch. It's fairly 575 00:31:06.799 --> 00:31:08.359 addicting watching the Token Street. 576 00:31:09.599 --> 00:31:11.640 Very cool. Thank you guys so much. I will leave 577 00:31:11.640 --> 00:31:14.160 those links in the description box below. I would love 578 00:31:14.200 --> 00:31:17.079 to follow up, uh, you know, post launch, closer to 579 00:31:17.079 --> 00:31:19.640 the TCE and the and the main launch and see 580 00:31:19.839 --> 00:31:23.640 what else, because I feel like the possibilities are almost endless. 581 00:31:23.680 --> 00:31:25.599 There's so many things that need to be updated with 582 00:31:25.720 --> 00:31:29.839 more privacy. And I'm glad you guys have been you know, 583 00:31:29.960 --> 00:31:32.039 doing well so far, and all the best of you 584 00:31:32.079 --> 00:31:34.279 guys over the holidays, and let's definitely follow up in 585 00:31:34.279 --> 00:31:34.839 the near future. 586 00:31:36.200 --> 00:31:37.400 Awesome, thanks so much for the time. 587 00:31:37.799 --> 00:31:39.839 Absolutely thanks a lot, It's been great.