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Hello everyone. Thank you for briefing Adam Mining this room in this early morning. So I'm really going to talk today about Urban Native blockchain. This is actually a slight quantification of a talk I gave about nine months ago at Urban assembly in Lisbon when this was sort of just sent by Young. Since then it has actually evolved to be a product that's in development, is being led by the Wall, basically closely is being funded by the Urban Foundation. So it's actually like, you know, it's starting to happen. So it was really exciting. So I just wanted to give this talk here today because that's an example of like, you know, and one of the reasons I was, I particularly was very interested in this chain idea was it's an opportunity to explore like different mechanism designs for how like blockchain incentive designs can be done. And because Urban is designed very differently than you know, today, which we'll go in here. So very quickly I'll quickly explain Urban to anyone who's not familiar with it. So here's. I think I've come up with the best explanation of urban like anyone because I think most urban people are actually very bad at explaining it. So here's how it came about. Okay, so we'll start with this idea of this. There's a project once upon a time called Secure SpellingWeb. Secure SpellingWeb is a decentralized social network. It was a way. It's a peer to peer gossip based social network where instead of everyone pushing everything a little blockchain, just non scalable what you do is you, you know, if you like a post, you know you or you make a post, you gossip it to your peers. Those peers when they communicate with someone else and they gossip it to their consumers. And everyone's building this like hash chain gag of all the messages that they've seen. And you get like eventual consistency. You don't get fast consistency like you do on a blockchain. Rather as the, as messages get gossiped more and more as more communication happens, you eventually realize, okay, here's the whole DAG of all communication on the network. Now what you'll notice is this does not solve the double spend problem, right? But into social networks what even double spend tell one person you like your post and tell different person you dislike the post. It's like okay fine, you know, that's okay. What you do in that case, if you see someone double spend you just, you know, decrease your reputation of them. You, you know, unpeer from them. And so you know, you don't need to solve the double spin problem. This works very well for a social network. It's much more scalable than a business, than a blockchain. So back to curl settlement, put that on the side. We come back, okay, what is bitcoin? Bitcoin was this idea, hey, let's build this decentralized money and we have to invent this new decentralized data structure called a blockchain to make this possible. Ethereum comes along and says hey, that's a cool decentralized data structure you got there. What if you do a generalized vm? What if like just one app specific chains like hey, you put this VM and you run any application of this blockchain data structure. I think the best way to think about verbit verbic looks at secure scanlabs and says hey, this is a very cool decentralized industry structure you have. What if you put generalized VS on top of it where instead of being for one app specific social network, it rather build a quote unquote OS that people can build other decentralized social networks or messaging protocols or anything you might want to do on Accenture serverbots, a hashtag style data structure for console people. One way to think about it is imagine everyone has their own little personal cosmos chain and then you client, you see, send messages back and forth with each other and then you can deploy the social network by a contract that everyone deploys on their own machines. You might have heard of something very similar. It might sound very similar to Patchcraft OS when truck guys as does the they're basically trying to recreate verb using an osmosis in items. Okay, now we got that out of the way. That's what Irving is. How does urban relate to blockchain? So in the historically urban was like very, very anti blockchain. Like just you know, like the history of the project. They like very explicitly refuse to, you know, they have this that they need on the blockchain but like or that that they need to retain and they used to maintain it on like GitHub file and they like you know, after existing I'm like hey, you should put this on a blockchain for like years and like vary against it until finally, you know, some of the older guard of urban kind of flushed out and some of the new new guard is much more moving to blockchains. They've actually moved their ID system that used to be maintained on GitHub files. They've moved it onto Ethereum main net kind of. But you know, told these are for the Future we're going to even more well situated with the blockchain. And so why one is you know, Azimuth, right? Azimuth is the name of urban side ID system. So even me it has just like who owned which urban it. You can, you know, urban's deemed the blockchain. This whole old world of urban. They were like, oh, these urban ideas don't true. That's real estate, right? Like these transfers of variety should be so uncommon. We don't need a fast finality system for this. That ended up not being true. You know, people want to trade the urban id. That's what you need, your finality. You can create things like decentralized shifts basically, you know, while you ship some of the terms that uses for ones like you know. But you know, there are cases where sometimes you want in urban in Hermit VM that is decentralized if you're using it for not just peer peer messaging but you know, if you're using it for something that needs decentralized state. Basically the one shared state. So for example, that would be like hey, on urban, let's say I want to spin up over me almost like five of us, right? The thing of urban is there's no reason that you should be putting that on the blockchain. There's no reason to put an entire like you know, over maybe amongst five people on a blockchain, on a global blockchain. But with a urban ships you can create. Okay, we'll spin up a mini blockchain level spine of us to hold the share scene of our program and then once the poker game is settled, we close that blockchain down and you know, interactive industrial economy Urban still is sort of operating in a very silo from the rest of like the crypto ecosystem, right? From an urban ship. You can't like natively make a bitcoin transaction. People have built these like easy translation layers and you can make like blockchain transactions. But urban itself existing on blockchain. You can actually have more native interactions there. So why does urban need its own blockchain? So you know, one is in urbit. It's like because the current ID system is built on Ethereum, it kind of like defeats the whole point of part of all of URBIT to build this like native identity system. And if you go on to like the guide of how to like get started with urban, the first step is to get an Ethereum out and almost like defeats the point of like the urban ids, right? It's like okay, the urban ID should be the baseline identity system of Rein Urban Data. Blockchain Ergot also has its own VM that they use. It's called MOF vm. It's a functional VM and it's very good for CK proofing. And so you know, if you have the urban native blockchain, you can actually build the NOC VM as the base VM of the system. You get more cultural sovereignty and you can capture, painting captures over your own document. Today in New York, Per has a lot of like. Per is one of the projects in the ecosystem that has very deep like, you know, culture and stuff and like. But the problem is by like, by building its network of like culture with other blockchains are leaking that value that they could capture. In general, what makes the urban. Designing urban native blockchain is challenging because there's no verbic token. Most blockchains in the aid are very token centric. So on your security system you usually need like if you're doing verb stake, you need some Trophian that people are staking or you need Trophian incentives or fees, right? You usually do DDoS prevention by a gas cooking system where you say hey, per transaction you have to pay, you know, point po chain or whatever. But verbit doesn't have a token. How do we solve this? So in verbit, instead of fungible tokens, we have NFTs. Every Verbit identity is also an NFT. One thing that makes verbit sort of unique from both blockchain systems is that identity system is what has scarcity on it. On something like Ethereum you can create, you know, as many Ethereum addresses as you'd like. There's no scarcity to that. Urban actually designed it such that there is scarcity built into the identity system. So they have these three sort of layers of roles in the network called galaxies, stars and planets. And they kind of have this empirical system where there's basically 256 galaxies that is like the top layer of network. Each galaxy then has 256 stars that are under it. So a galaxy could call rip right under that there are 256 stars which are owned by the galaxy. And they have the right to win those stars and give them away and solve a more given way of. And then each star under git has this number squared. So that's about 4 million though I actually remember the number that many bandits under it. So there is basically like, you know, about 4 billion IDs NFTs in the, in the system. So what you could do is you could say, hey, NFTs are Feng showing vulnerable, right? Like even like cash in your pocket. Pocket. Even though it's an nft, right. It has a serial number for all intents and purposes. You know, you do treat it as fungible for certain use cases, right? And in the same way squid, they kind of all look the same. You can treat, we don't have to think too much about the fact that these are actually NFTs because even, you know, for the purpose of like proof staying or fees or whatever, we can treat all planets at the same. You can treat all stars at the time, same same. You can treat all galaxies as the same. But the problem still remains. And you have this like three tier system where galaxies are not fungible for the stars. They're not fun. So today these things trade for like millions of dollars. These things trade for like less than a dollar. These things trade for like you know, a few hundred dollars. Right. And because they have very different properties in the network, so in the urban network. So how do we bring the different properties of urban network and build like the proper structure on the blockchain? So one thing is, one thing that people might not know is in the early version of urban, these things are actually called stars, jukes and earls rather than stars, galaxies. And urban takes a lot of inspiration from feudal setups. And so in the blockchain is animal. Lean on that as an inspiration here. So one of the term life, they found out about medieval history and yes, it's one brilliant thread about how medieval Catholic society basically like set up a social structure that like kept the system in order. So we'll look after the Africans. So we shot the fennece. We planets are sort of like this passage of the system, right? They are your base identity layer. They are these double resistance and you need to have a planning maker band. So only a bandit doesn't do much other than just give you access, right? You can use the blockchain. From there you have galaxies. Galaxies are you know, sort of like novelty mobility. They're ultimately the owners of the system. Their jobs to govern. They not the governance rights of the system. They provide the base infrastructure for the system. So There will be five R256 validator slots, each of which are run by one galaxy. And most importantly, they have the rights to collect value from MEV revenues, not from transaction based. Talk about in a second why there are no system. But the primary value of MEV are basically using the block SDK and block options after MEV Right. Show the system. So you know, I think those two are very simple, right? You got the planets and you got the galaxies. And I think, you know, you need this to make a network. Just you know, this is your, you need this, this is your account base accounts need this to your user network. These are the valid leaders. The tricky thing in the urban ecosystem always been what do you do with stars? Stars are this like awkward middle child of the system where you know, people haven't really been able to figure out provide value to this thing that is like more valuable than a planet, less valuable than a galaxy. So in people's define basically, you know, what happened was they basically built the system where like they gave the knights were basically used to be these like marauders or pillaging the land. And instead they like structured the society system like oh no we're not sweet. Instead of like you, you know, pillaging the land, we're not going to bake you into that social hierarchy and system and give you this like specific, you know, duties where you know, you get, instead of like attacking the peasantry, you know, you have to, you get these benefits but in exchange you have to spend your time attacking our enemies. And so yeah, yeah, all this, you know, in terms of the existence of a warrior and you get like legitimacy into things like warrior noble that like define their place and purpose in relationship. So how they did this was they gave them land. So I'm going to draw inspiration from pos which is they want to run me over here too much about anymore. But they actually had a lot of really good ideas. So you go read the white paper. They have a lot of stuff about name provision levels basically almost like what osmosis fluttering mounts are and I'll talk abstraction is today you have stuff about like transaction normalization. But then what we're going to focus on here today is their TOBY model and resource usage system, particularly this section here over blog producers publish their available capacity for bandwidth computation and sting. The EOS software allows each account to consume a percentage of the available caching proportional the amount of code into the three day STING contract. For example, if a blockchain based on US software is launched and if account holds 1% of the total tokens then that has the potential to utilize 1% storage cost. I think this would really interest science other than EOS with this, if you own 1% of the EOS tokens, you get unrestricted access to 1% of blockchain storage capacity. Right. And that means you can use it for yourself or you know, what, what what actually can really happen is developers buy it and then let their users use it for free and figure out some other strange models for the user like two technique or captures or whatever to like limit their users at the blockchain level. You know the app developers will have unreserved rights. You have 1% of block space or if you're a land owner, if you're not using the land you can break it out. Similarly in this if you own a portion of the block space and have access to those blocks to resources, if you're not using it, you could rent them out. So this is very different than the gas problem blockchain drave which is used by Bitcoin, Ethereum, anything else because in Bitcoin and Ethereum and I think I'm so model there's actually not a very strong linkage between the value of the token and the demand for the block space. Right. Gas prices are only non negligible if blocks are full. And this leads to perverse incentives because now you want to make your blocks smaller and make it more expensive. You just be using and there's no really easy way to hedge gas prices. It takes a very like you know, radical market approach to block space which is like every all block space has public property and constantly out for auction which is you know a take that you can take on you know how property work, comp property, what frames work. But in practice you've never actually seen this model. We like, you know, successful in the real world. What usually happens in the real world and it's private property. Right. And this idea is something that's very ingrained in urban culture. A lot of urban philosophy 1 of property rights. And so this idea is hey, can we apply this build the urban blockchain build off of this property rights private property basis resource partnership run over these randoms everything off the auction one. So for every star you own you get unrestricted access to 1 65,000th of the urban chain spot space. And the star photos can do with their blog space as they see bid. They can let users of their current apps use it for free. They can do tax build logs that could land. So I mentioned flight. If you have a star there you are. But they're still, you know you can, they're all tapped, you know that they wish on the planets that you gave away you can take it. So you say hey, all these planets are allowed to use buying start chase for free making your plans more issued, more valuable than other sellers landings. You can start rent fees you know, you can say hey just pay me in bitcoin or git or USD or whatever you want. Then you can use my start space free or you can tokenize the block space strikes and resell them. So there's a protocol that I emailed on which is basically a way of tokenizing specific properties of NFTs tokenized block space. Right. To resolve. So yeah, so what's interesting about this model is it gives us a very new like different way of, you know, solving this. What's the role this breed people in the ecosystem. Right. The galaxies, you know, process transactions from the planets or a fund user system advanced with a ramp into the stars who then draw stars drive the users for the system. The galaxies provide the infrastructure stars and run loss and space access and the users many be are transporting Allison. So just like how the orbit blockchain, you know, incentive design is structured and yeah, so this is being built today by voltage, funded by the perfect foundation. And it's just really exciting because I think it's. I feel like we haven't seen new innovation in blockchain like core blockchain ecosystem infrastructure until a long time. Like, you know, everything is just sort of settled on this like classical proof of state system that we see in office every blockchain today. Which is cool. But I think it's very interesting to see like what planet vulnerable to the sponsors as a way to say, hey, let's step back entirely, try to see from first principles, if you had to redesign how block space allocations would work, how would we redo that? And I'm hoping that we see start see more of that in the ecosystem where like okay, you have to step back one first principles like how would you redesign proof of stake in a hierarchy. So yeah, thank you.