00:05 Good morning. Everyone my name is in,
00:06 she want I'm a direction.
00:08 The Co founder of the likely foundation today.
00:10 I'm going to talk about confidential transactions,
00:13 and there's some other updates on like Corey.
00:17 I guess many of you have not know much about like going because we didn't do much marketing in the past.
00:23 And because we didn't have much,
00:25 much money to do that.
00:27 So, like we was created in 2011 by by us us GEICO Charlie and.
00:35 Like he's a very isn't going very similar to Bitcoin.
00:39 But with some major differences.
00:41 For example, like quiz block information.
00:44 Time is only 2.5 minutes,
00:45 but bitcoins confirmation time is 10 minutes,
00:48 so if you if you send the transaction using Bitcoin is going to take 10 minutes for your receiver to receive it.
00:55 But the for like coins or it only takes 2.5 minutes,
00:59 so this makes likely much more suitable for daily transactions.
01:04 And be cause the block generation is faster than like damn bitcoins.
01:08 So a generous more blocks and thus providing Bob capacity for holding more transactions and thus the transaction fee is also lower them.
01:17 Frequence transaction so this makes like how you faster and cheaper than bickering and does is a better.
01:25 Cryptocurrency for payments for daily payments.
01:31 So what is like an foundation?
01:33 Becaus Charlie when Charlie creator like why he didn't pre my any like going for himself or the team,
01:39 so he had to buy like ones from the bucket just like you guys.
01:43 And thus there's no money for the team to develop likely so.
01:47 I joined the local implantation join the delight going team in 2016 and.
01:53 I found that so there was no money so II think.
01:59 The main this is it may be necessary to start a legal entity to start to raise for donation and to hire developers and promotes is usage.
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