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[Music]

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welcome back to the world of cryptos and

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welcome back to the world of cryptos and
 

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welcome back to the world of cryptos and
welcome back to the crypto corner

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welcome back to the crypto corner
 

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welcome back to the crypto corner
today we're going to spend some time in

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today we're going to spend some time in
 

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today we're going to spend some time in
ethereum 2.0 i'm going to explain to you

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ethereum 2.0 i'm going to explain to you
 

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ethereum 2.0 i'm going to explain to you
in a very simple way

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in a very simple way
 

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in a very simple way
what ethereum 2.0 is all about and to

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what ethereum 2.0 is all about and to
 

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what ethereum 2.0 is all about and to
start

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start
 

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start
we're going to look at the fees so the

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we're going to look at the fees so the
 

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we're going to look at the fees so the
fees that you pay

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fees that you pay
 

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fees that you pay
when you do a transaction on the

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when you do a transaction on the
 

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when you do a transaction on the
ethereum blockchain and this year is

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ethereum blockchain and this year is
 

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ethereum blockchain and this year is
2018.

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2018.
 

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2018.
2018 the fees were fairly low and then

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2018 the fees were fairly low and then
 

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2018 the fees were fairly low and then
suddenly project was started called

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suddenly project was started called
 

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suddenly project was started called
cryptokitties

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cryptokitties
 

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cryptokitties
everybody complained about it because

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everybody complained about it because
 

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everybody complained about it because
the fees went absolutely through the

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the fees went absolutely through the
 

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the fees went absolutely through the
roof

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roof
 

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roof
now that was 2018 how does that same

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now that was 2018 how does that same
 

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now that was 2018 how does that same
picture look today

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picture look today
 

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picture look today
if i expand this here to today

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if i expand this here to today
 

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if i expand this here to today
then here this is the little blip with

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then here this is the little blip with
 

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then here this is the little blip with
cryptokittles the fees

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cryptokittles the fees
 

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cryptokittles the fees
that we had to pay because of defy not

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that we had to pay because of defy not
 

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that we had to pay because of defy not
so long ago

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so long ago
 

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so long ago
were significantly higher and if you

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were significantly higher and if you
 

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were significantly higher and if you
consider that we are how many people are

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consider that we are how many people are
 

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consider that we are how many people are
we using the ethereum blockchain

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we using the ethereum blockchain
 

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we using the ethereum blockchain
let's say a hundred thousand two hundred

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let's say a hundred thousand two hundred
 

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let's say a hundred thousand two hundred
thousand it won't be much more than that

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thousand it won't be much more than that
 

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thousand it won't be much more than that
so if two hundred thousand can already

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so if two hundred thousand can already
 

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so if two hundred thousand can already
um

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um
 

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um
bring the blockchain uh in regards to

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bring the blockchain uh in regards to
 

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bring the blockchain uh in regards to
fees to a halt

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fees to a halt
 

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fees to a halt
how would that look like if we have got

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how would that look like if we have got
 

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how would that look like if we have got
certainly 20 million people using this

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certainly 20 million people using this
 

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certainly 20 million people using this
chain

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chain
 

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chain
it will not be feasible any longer and

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it will not be feasible any longer and
 

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it will not be feasible any longer and
that's why

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that's why
 

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that's why
including also some other reasons a long

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including also some other reasons a long
 

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including also some other reasons a long
time ago the idea of ethereum 2.0 was

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time ago the idea of ethereum 2.0 was
 

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time ago the idea of ethereum 2.0 was
started

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started
 

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started
and it taking it's it's taking its time

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and it taking it's it's taking its time
 

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and it taking it's it's taking its time
and why because

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and why because
 

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and why because
coding and programming is not simple

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coding and programming is not simple
 

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coding and programming is not simple
yeah if you have got a company like

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yeah if you have got a company like
 

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yeah if you have got a company like
apple or google where everything is

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apple or google where everything is
 

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apple or google where everything is
under one roof

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under one roof
 

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under one roof
everything is coordinated in a different

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everything is coordinated in a different
 

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everything is coordinated in a different
way you can have

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way you can have
 

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way you can have
a different type of transparency and

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a different type of transparency and
 

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a different type of transparency and
and also objectives but if you have got

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and also objectives but if you have got
 

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and also objectives but if you have got
a team of 400 people that are

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a team of 400 people that are
 

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a team of 400 people that are
coordinated through something like

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coordinated through something like
 

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coordinated through something like
github yeah so this github is where

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github yeah so this github is where
 

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github yeah so this github is where
everything happens in regards to

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everything happens in regards to
 

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everything happens in regards to
ethereum

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ethereum
 

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ethereum
then it looks very it's very complex and

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then it looks very it's very complex and
 

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then it looks very it's very complex and
so everything has to be done very

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so everything has to be done very
 

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so everything has to be done very
meticulously

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meticulously
 

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meticulously
because we're talking about money here

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because we're talking about money here
 

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because we're talking about money here
in this case

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in this case
 

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in this case
money transfer so big mistakes will cost

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money transfer so big mistakes will cost
 

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money transfer so big mistakes will cost
a lot of money as we've seen

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a lot of money as we've seen
 

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a lot of money as we've seen
in defile and we've got over in the

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in defile and we've got over in the
 

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in defile and we've got over in the
ethereum current

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ethereum current
 

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ethereum current
blockchain we've got over 244

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blockchain we've got over 244
 

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blockchain we've got over 244
repositories

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repositories
 

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repositories
over 500 people uh programming

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over 500 people uh programming
 

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over 500 people uh programming
so you can imagine how complex this

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so you can imagine how complex this
 

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so you can imagine how complex this
whole thing is yeah there are many

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whole thing is yeah there are many
 

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whole thing is yeah there are many
hundred thousand lines of code

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hundred thousand lines of code
 

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hundred thousand lines of code
that need to be coordinated that's why

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that need to be coordinated that's why
 

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that need to be coordinated that's why
this thing takes

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this thing takes
 

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this thing takes
so long now looking at the roadmap

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so long now looking at the roadmap
 

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so long now looking at the roadmap
this is the roadmap of the

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this is the roadmap of the
 

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this is the roadmap of the
of east 2.0 so this is the current chain

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of east 2.0 so this is the current chain
 

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of east 2.0 so this is the current chain
here so this is 1.0

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here so this is 1.0
 

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here so this is 1.0
that's the ethereum you and i know and

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that's the ethereum you and i know and
 

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that's the ethereum you and i know and
soon we will have the beacon chain

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soon we will have the beacon chain
 

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soon we will have the beacon chain
which is the start of ethereum 2.0

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which is the start of ethereum 2.0
 

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which is the start of ethereum 2.0
and this year is like the current chain

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and this year is like the current chain
 

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and this year is like the current chain
without proof of work so proof of stake

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without proof of work so proof of stake
 

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without proof of work so proof of stake
and you will not have any smart

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and you will not have any smart
 

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and you will not have any smart
contracts in this

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contracts in this
 

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contracts in this
uh phase zero from there we will start

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uh phase zero from there we will start
 

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uh phase zero from there we will start
with the pha

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with the pha
 

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with the pha
with this smart contracts but we'll have

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with this smart contracts but we'll have
 

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with this smart contracts but we'll have
shards and charts i like

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shards and charts i like
 

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shards and charts i like
just imagine it in a very simple way

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just imagine it in a very simple way
 

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just imagine it in a very simple way
like sub

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like sub
 

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like sub
block chain so you'll have a chain for

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block chain so you'll have a chain for
 

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block chain so you'll have a chain for
let's say

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let's say
 

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let's say
d5 you'll have a chain that's that needs

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d5 you'll have a chain that's that needs
 

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d5 you'll have a chain that's that needs
to be secured in a special way

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to be secured in a special way
 

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to be secured in a special way
then you've got a new chain for uh

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then you've got a new chain for uh
 

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then you've got a new chain for uh
gamers

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gamers
 

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gamers
so when something happens like with

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so when something happens like with
 

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so when something happens like with
cryptokitties where suddenly

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cryptokitties where suddenly
 

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cryptokitties where suddenly
the chain was blocked it will be only

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the chain was blocked it will be only
 

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the chain was blocked it will be only
that chain that will be blocked at that

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that chain that will be blocked at that
 

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that chain that will be blocked at that
time

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time
 

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time
and the fees will not go through the

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and the fees will not go through the
 

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and the fees will not go through the
roof so there are

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roof so there are
 

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roof so there are
lots of little improvements coming also

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lots of little improvements coming also
 

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lots of little improvements coming also
along

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along
 

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along
uh with this 2.0

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uh with this 2.0
 

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uh with this 2.0
and the roadmap in detail this is the

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and the roadmap in detail this is the
 

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and the roadmap in detail this is the
one so we here today

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one so we here today
 

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one so we here today
and we will start soon phase zero uh

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and we will start soon phase zero uh
 

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and we will start soon phase zero uh
phase zero means uh moving away from

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phase zero means uh moving away from
 

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phase zero means uh moving away from
proof of work to proof of stake

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proof of work to proof of stake
 

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proof of work to proof of stake
and that's done by having a deposit

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and that's done by having a deposit
 

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and that's done by having a deposit
contract because you need to secure the

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contract because you need to secure the
 

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contract because you need to secure the
network not through miners so people

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network not through miners so people
 

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network not through miners so people
that are mining you need to secure it

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that are mining you need to secure it
 

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that are mining you need to secure it
through value

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through value
 

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through value
and that for that the deposit contract

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and that for that the deposit contract
 

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and that for that the deposit contract
was now

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was now
 

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was now
created and the time is running now

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created and the time is running now
 

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created and the time is running now
until the

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until the
 

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until the
7th of december where then the beacon

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7th of december where then the beacon
 

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7th of december where then the beacon
chain will be started

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chain will be started
 

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chain will be started
from there we will then go over to phase

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from there we will then go over to phase
 

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from there we will then go over to phase
zero and then much later phase two

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zero and then much later phase two
 

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zero and then much later phase two
and phase three and at this stage you

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and phase three and at this stage you
 

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and phase three and at this stage you
there will be also no more proof of work

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there will be also no more proof of work
 

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there will be also no more proof of work
so the current

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so the current
 

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so the current
blockchain that you know is point zero

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blockchain that you know is point zero
 

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blockchain that you know is point zero
will be more or less switched off that's

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will be more or less switched off that's
 

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will be more or less switched off that's
not possible i know but

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not possible i know but
 

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not possible i know but
it it will not continue everything will

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it it will not continue everything will
 

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it it will not continue everything will
happen in the new

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happen in the new
 

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happen in the new
uh ethereum 2.0

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uh ethereum 2.0
 

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uh ethereum 2.0
and um for the transition from the

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and um for the transition from the
 

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and um for the transition from the
current status to the ethernet

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current status to the ethernet
 

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current status to the ethernet
phase zero they created a very good

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phase zero they created a very good
 

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phase zero they created a very good
website launchpad.ethereum.org

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website launchpad.ethereum.org
 

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website launchpad.ethereum.org
where when you want to become a

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where when you want to become a
 

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where when you want to become a
validator you can get started here and

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validator you can get started here and
 

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validator you can get started here and
they'll run you through

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they'll run you through
 

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they'll run you through
some questions and so on and they

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some questions and so on and they
 

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some questions and so on and they
explain to you what that really means

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explain to you what that really means
 

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explain to you what that really means
you will get some money so for

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you will get some money so for
 

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you will get some money so for
everything that you

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everything that you
 

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everything that you
stake so in other words you put up with

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stake so in other words you put up with
 

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stake so in other words you put up with
security

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security
 

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security
you'll get some money as a reward at the

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you'll get some money as a reward at the
 

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you'll get some money as a reward at the
beginning it will be of course higher

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beginning it will be of course higher
 

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beginning it will be of course higher
because we're starting

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because we're starting
 

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because we're starting
but and over the time it will go down

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but and over the time it will go down
 

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but and over the time it will go down
and

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and
 

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and
here this is the status of how far

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here this is the status of how far
 

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here this is the status of how far
people have committed already to this

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people have committed already to this
 

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people have committed already to this
new chain where at ten percent

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new chain where at ten percent
 

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new chain where at ten percent
i guess that around the first of

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i guess that around the first of
 

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i guess that around the first of
december this thing

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december this thing
 

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december this thing
should be filled more or less because

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should be filled more or less because
 

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should be filled more or less because
all the big whales will be coming in

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all the big whales will be coming in
 

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all the big whales will be coming in
um into uh staking because they get

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um into uh staking because they get
 

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um into uh staking because they get
the rewards are not bad at the beginning

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the rewards are not bad at the beginning
 

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the rewards are not bad at the beginning
so

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so
 

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so
this is um ethereum 1.0 explained

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this is um ethereum 1.0 explained
 

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this is um ethereum 1.0 explained
2.0 sorry explained in a very simple way

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2.0 sorry explained in a very simple way
 

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2.0 sorry explained in a very simple way
and i hope you liked it and i hope you

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and i hope you liked it and i hope you
 

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and i hope you liked it and i hope you
enjoyed it and

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enjoyed it and
 

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enjoyed it and
i thank you very much for watching and

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i thank you very much for watching and
 

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i thank you very much for watching and
i'm looking forward to see you next week

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i'm looking forward to see you next week
 

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i'm looking forward to see you next week
again so thank you very much bye-bye

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again so thank you very much bye-bye
 

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again so thank you very much bye-bye
thank you robert

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thank you robert
 

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thank you robert
just a reminder that we're not providing

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just a reminder that we're not providing
 

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just a reminder that we're not providing
financial advice but only sharing what's

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financial advice but only sharing what's
 

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financial advice but only sharing what's
happening in the cryptocurrency markets

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happening in the cryptocurrency markets
 

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happening in the cryptocurrency markets
always remember that the cryptocurrency

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always remember that the cryptocurrency
 

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always remember that the cryptocurrency
markets are ever-changing and

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markets are ever-changing and
 

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markets are ever-changing and
always volatile so only invest what you

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always volatile so only invest what you
 

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always volatile so only invest what you
can afford to lose

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can afford to lose
 

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can afford to lose
[Music]

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[Music]
 

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[Music]
[Applause]

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[Music]

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[Music]

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you