Database of Ethereum Explainer Videos
DigiBytes are digital assets
Are you ready for the future of playing for things?

DigiByte is a new form of currency,
 similar to dollars, euros, yen or even bitcoin. But on the very cutting edge of digital technology. And with no central authority.

DigiByte is open source, free to use and
 anyone can get involved.

Want a safer way to
 pay for stuff? DigiByte's state of the art security makes it 5x more secure than other digital currencies.

It incorporates the same
 technology that's used to secure nuclear launch codes. So it's safe.

Want to get paid
 faster? DigiBytes can be sent and received anywhere in the world with an internet connection in a matter of seconds.

Wish you could have your computer make money for
 you? Well a dollar might be sent from one person's bank to credit card processor to another person's bank, DigiBytes are sent directly from person to person. 

But in order to verify that each
 transaction is legit, it takes computing power.

You can exchange the computing power you have for
 newly made DigiBytes as you help process transactions.

Want a super easy way to use your
 money?

DigiByte is helping to speed
 up and link merchants and consumers across the globe in a cutting edge manner.

DigiBytes can even be sent
 over social media helping to connect legacy business models with up and coming young consumers like gamers.

Want to get started
 today? Get your own DigiByte wallet for free at DigiByte.co 
anonymous cryptocurrency, based on CryptoNote
[music] [music] 

Because my money is not your
 business.

Because I want to use an untraceable
 currency.

Because I can send money to my
 daughter in a few minutes and free of charge.

Because it's a
 beautiful project.

Because the security of my money is a
 priority.

Because the internet
 needs a real currency. 

[music]
 

Bytecoin, a clear way
 to your private future. 
Open source project driven by the community
What is NEO? In this video I will be going over the basics of this cryptocurrency. 

NEO was developed by a blockchain
 R&D company called onchain. Launched in 2014 as Antshares, it was rebranded as NEO in 2017.

NEO
 focuses on innovating in the areas of digital asset transfer, smart contracts and digital identity verification. 

The NEO
 platform consists of two currencies, NEO and GAS both of which are capped at 100 million units.

NEO is the pre mined
 currency which represents a share of the network. It cannot be divided below one coin like most other currencies.

GAS is the fuel that drives
 smart contracts on the NEO network. Deploying and running smart contracts consumes gas proportional to the computing power used.

New GAS is generated
 with each block. The amount generated is reduced by one token every 2 million blocks. Once the 100 million cap is reached, no new GAS will be created.

Unlike NEO,
 GAS may be sub divided into much smaller units. 

Collected GAS is distributed to holders of NEO
 coin based on their share of the network on a fixed schedule.

GAS for transaction fees are
 distributed to bookkeepers also known as consensus nodes in exchange for validating transactions on the network.

Every NEO coin
 holder has a vote. Coin holders elect consensus nodes who validate transactions, create blocks and make decisions for the blockchain such as creating transaction fees.

If
 a consensus node is not acting in the interest of the network, coin holders can vote out that node.

Much like
 ethereum, NEO supports smart contracts. Smart contracts allow code to run on the network which imposes logic and rules on the transfer of funds.

Simple examples of
 smart contracts include locking funds until a package is delivered. Or releasing cryptocurrency royalties to a content owner each time a digital item is consumed.

One of the
 differences between NEO and ethereum is ethereum applications are coded in a proprietary language called Solidity whereas NEO applications support commonly used langues such as java, C# and VB.Net.

Notable items in the
 NEO pipeline are NEO X which will allow transactions across blockchains. NeoFS which will allow for decentralized storage of files and NeoQ which will allow for a quantum resistant cryptographic methods within the NEO system.

Thank you for joining me today. If you
 enjoyed this video, please like and subscribe. 
Fully interoperable blockchain ecosystem
Komodo aims to be the new standard for cryptocurrency security and anonynimity. 

Protected by Zcash zero knowledge proofs,
 users can make 100% untraceable transactions, secured by bitcoin's petahash computational power.

Komodo is the first cryptocurrency
 to come up with a delay proof of work consensus mechanism.

Using this
 bullet proof security system, Komodo is able to provide anonymous transactions that are protected by Zcash's zero knoweldge proof and secured by bitcoin's seal of approval.

Komodo
 makes bitcoin more efficient by recycling its computational power to secure Komodo's blockchain.

Years of research by the
 BTCD development team have led to the creation of Komodo.

Built on the same principles that
 BTCD was created on, anonynimity and security.

BTCD users will be able to
 swap their holdings for Komodo.

The ICO will start on the 15th of October
 and will last for 5 weeks until the 20th of November. 

As usual, in the Komodo
 ICO, the early bird gets the worm. Early investors can get up to 25% bonus. 

Komodo
 will use 2 of 3 multi signature cold storage addresses to store the funds during and after the ICO.

The collected funds will be sent to a single
 address once a certain threshold has reached.

That's how
 Komodo works. 

Come and join us via our ICO
 happening on October 15th, 2016. 

See you
 there. 
Decentralize the web
TRON, a new world. What does a virtual civilization of the future look like?

It is decentralized.
 Independent. Self governed. Equal. Cooperative. 

It has high performance.

The TRON
 ecosystem wins at speed. Each TRON data unit can evolve and become part of the ecosystem. It is democratic.

Every member of the TRON
 community can vote for their leader of choice to govern the ecosystem.

Global
 developers around the world create outstanding apps every day, building a virtual world.

The moment we've been waiting for
 is finally here. 

The future is
 now.

TRON, decentralize the web.
 
One APK, Multiple App Stores.
Mobile apps are eating the world. By 2020 the number of smart phone users is expected to double. Gross revenue earned by the mobile app market is estimated to reach $100 billion by the same year.

Yet the apps economy still presents three main challenges.
 

First advertising is
 inefficient. There are several intermediaries between the developer and the user, reducing transparency and the potential return for developers.

Secondly,
 in app purchases are still not accessible to many users and payment intermediaries increase overall costs.

Lastly app approval is not
 transparent. It's still difficult to confirm the identity of developers and there is no universal approach used by app stores.

What
 if there was a solution that could tackle these challenges by reinventing the apps economy?

[inaudible] has
 been working on this for the past five years. And today with smart contracts, we are going to unlock all of those values in app distribution and app monetization for the developers.

This
 solution is AppCoins, an open and distributed protocol for app stores. Using blockchain technology and smart contracts, it's the new universal language of the app economy based on the ethereum network.

How? Let's imagine that it
 all starts with an app developer investing in cost per install advertising. With the AppCoins model, advertising intermediaries are no longer present. The only margins [inaudible] are for the app store and for the manufacturer.

If the user installs the
 app, he or she will earn AppCoins that can be spent on in app purchases.

Furthermore with the App Coin
 protocol, the reputation of the app developers comes from their transactional history across stores.

All information is stored on
 the blockchain, making app approval automated across app stores.

When it comes to in app purchases,
 AppCoins spent by users will also generate bigger margins for the developer since payment intermediaries are not present anymore.

In addition, users with no
 payment methods can now receive AppCoins from other users and purchase in app items for the first time.

Disruption happens when we apply a new technology
 to an old problem. The new technology here is the blockchain. The old [inaudible] financial transactions inside the app store.

It's a problem that
 affects billions of uses. And sometimes they don't even realize and that's the challenge for AppCoins.

Overall there is an open, circular and shared
 protocol that creates a trusted environment for all parties. 

For developers, a transparent and efficient way to
 monetize their apps and build a reputation across app stores.

For users, a trusted environment
 with new purchasing possibilities and incentives to discover apps.

For app stores, an app economy
 with a new universal language that ensures trust without intermediaries.

Blockchain and
 cryptocurrencies bring our platform to the next level. We always had this vision of a truly open and decentralized platform for apps distribution. And of course these technologies enable it.

We are now
 very excited that [inaudible] is going to use decentralized technology and using the blockchain to really bring crypto technology to the huge userbase of 200 million users. 

[silence]
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Ardor is an Advanced Blockchain Technology
[silence] [silence] [silence] [silence]

Ardor is a multi blockchain platform with a unique
 architecture that separates the network processing and security chain known as the Ardor parent chain from the transactional chains.

These transactional chains known as
 child chains have their own native coin for all transactions and thus don't require their users to have parent chain coins.

Being built on NXT
 technology, each child chain is pre fitted with the features found on the NXT blockchain such as the ability to issue assets, trade them on an asset exchange, run public or private polls, set conditional transactions, setup multisig security or send encrypted messages.

Among many
 others, through a simple user interface as well as through a powerful API, however all transactions are still processed and secured by the parent chain. This is facilitated by the help of the bundling system where accounts can be set to collect transaction fees and child chain coins.

While paying
 the transaction fees to the parent chain in its own coin. 

Since child chain transactions are processed by the parent
 chain, it's possible for the different chains to interact with each other such as sending and receiving coins or assets from different child chains.

This allows for a great deal of interoperabiilty
 among the different child chains, opening up even more potential use cases.

This unique architecture
 also enables Ardor to address the scalability issues found on every blockchain, known as the blockchain bloat problem.

This refers to the growing blockchain
 size as it gets used thus making it more resource intensive to run a full node to support the blockchain network as well as to join it. 

Jelurida, the development team behind Ardor addresses this problem by implementing
 full node pruning where transactional data on child chains is regularly removed from the full nodes on the Ardor parent chain after a snapshot is taken of its most recent state. 

Thus reducing the blockchain size without
 affecting the balances and on-going transactions on each chain. And the security of the whole platform.

However, full nodes can opt in to become archival
 nodes for specific child chains and store the historical data of these chains.

With all these benefits and features, as well as new ones continually being developed
 by Jelurida, Ardor aims to be one of the top choices for companies and organizations to address their blockchain needs. 
Nano – an instant, zero-fee, scalable currency
Banks have been the trusted financial middlemen throughout history. They offer a secure place for our money and relatively easy access to it. 

However with bank fees and slow transaction
 times, this comes at a cost. 

But what if buyers and sellers could securely transact
 withe each other directly without the need for a trusted middleman? 

This was the driving force behind the early digital
 currencies. Complex algorithms combined with cryptography and a public ledger, meant that banks were no longer needed to verify transactions. 

Yet these currencies are far from
 perfect.

Transactions request a process called mining where computers
 compete to solve complex equations with the reward of newly minted currency.

But as the transaction
 ledger grows, this process becomes increasingly slow, inefficient and expensive.

Introducing Nano. Nano utilizes
 an innovative technology called the block lattice which works without a mining process resulting in transactions of any size being processed instantly with no fees.

There is no limit
 to how many transaction can occur simultaneously.

Nano is the digital currency
 designed to function on a global scale.

Nano's vision is to bring digital currency
 to the masses. We are focused on creating innovative applications that put Nano at the heart of people's every day lives.

And
 this is just the beginning. 
Dash - Dash is Digital Cash You Can Spend Anywhere
In this video we'll be going over the basic features of Dash. 

Dash was originally launched as
 XCOIN in January of 2014, rebranded as DarkCoin so after. And then in March 2015, given its current name of Dash in reference to the word Digital Cash.

Dash is a cryptocurrency
 platform focused on innovating in the areas of privacy, transaction speed and decentralized governance.

Participants
 in the Dash ecosystem include wallet holders who can send and receive cryptocurrency using their private and public keys. Miners who create blocks and validate transactions through a proof of work algorithm. And masternodes which are unique to Dash and provide an additional layer of functionality that we will look at next.

Masternodes are participants who
 put up a minimum of 1000 Dash coins as collateral in order to provide additional functionality and governance to the network in exchange for a percentage of block rewards.

Masternodes facilitate
 private send, instant send and also determine how funds in the treasury are spent.

Block rewards are split as follows. 45%
 goes to the miners, 45% goes to the masternodes and the remaining 10% goes to the treasury. 

The treasury funds can be used to fund
 projects which further the Dash platform. These are voted on by the Masternodes.

PrivateSend is an
 optional service offered by masternodes for a small fee. It mixes a senders' transaction with identical inputs for multiple users into a single transaction with several outputs.

This makes directly tracing
 a transaction nearly impossible.

Transaction amounts
 sent must be multiples of pre-determined amounts to allow for efficient mixing.

Instant send
 is another optional service offered by masternodes for a small fee. This allows for near instant transactions by locking transaction inputs while they await being recorded on the blockchain. Blocking the inputs prevents double spending of transactions. 

Thank you for joining
 me today. 
Blockchain software architecture
EOS is aiming to become a decentralized operating system that can support industrial scale decentralized applications. 

That sounds pretty amazing knowing what we
 know about the scalability of public blockchains.

EOS claims that they'll have the
 ability to conduct millions of transactions per second all without transaction fees.

So how could they possibly offer
 this?

They claim to have solved the biggest problem in the
 blockchain space, scalability.

In comparison to traditional payment channels,
 Visa handles 1667 transactions per second while bitcoin manages about 7 transactions per second.

The reason for this is
 that public blockchains like bitcoin currently require total consensus across nodes. EOS's solution to this is called delegated proof of stake or dPOS.

To
 understand the following, you should probably have a good grasp on regular proof of stake. 

In typical proof of stake algorithms,
 a block producer is chosen from a pool of stakers based on various selection algorithms that typically take into account the amount of tokens staked or the amount of time the tokens have been staked.

In the dPOS
 system, the block producers are chosen instead by a vote. Anyone that holds EOS tokens can vote on who the block producers should be for each block.

21 blocks are produced in each round of voting.
 20 are made by the top 20 producers voted for and the 21st is made by a random selection based on the number of votes other producers have received.

So if there are two producers
 remaining after the top 20 are selected, they each have a chance to produce the final block based on their final counts.

This
 is a way to ensure that block producers are not always the same few people. 

Block producers are incentivized to act honestly because they can be
 voted out by the users on any given cycle.

SO instead of competing
 with other nodes, they work together to validate transactions as quickly and efficiently as possible.

Block producers are also required to
 be active in order to keep the chain moving. Any producer who hasn't produced a block in the last 24 hours is removed from voting consideration. 

In this way, instead of reaching consensus
 across every node in the network like bitcoin, EOS uses a democratically selected pool of 21 validators to achieve consensus much faster.

This does of course come at the cost of some decentralization.
 To take control of the EOS consensus mechanism, we only need to gain control of 50% of the producers. In this case that's 11 nodes.

On the bitcoin
 network you'd need to gain control of millions and millions of dollars worth of mining power to successfully attack the network. 

dPOS is a key part of delivering the revolutionary speed and
 efficiency that dPOS promises.

By explaining how it works we've already
 covered a major part of what makes EOS unique and effective. But there is much more to learn, so let's delve into that now. 

EOS has a 5% yearly inflation rate and 1% of that is used
 to reward its block producers. A producer's share of that 1% is based on their number of blocks produced as well as the voting reward.

The other 4% is put into savings for a
 worker proposal fund that can be used to invest into anyone willing to improve the EOS infrastructure.

The one huge and final difference between
 EOS and other dApp platforms like ethereum is EOS runs on an ownership model similar to an operating system. Ethereum on the other hand can be thought of as renting out computation power in exchange for the transaction fees. 

What this means is anyone on the network is entitled
 to an amount of resources proportional to the number of tokens they own.

So the
 amount of tokens you own is effectively how much of the network you own and can use.

This in a sense removes transaction fees
 because you can always use the part of the network that you own to process your transactions.

It does however mean there is a barrier to entry
 to use the network effectively.

If you own very
 few coins, you have very little access to the networks' capailities. 

It can be tough to use the blockchain as a hobbyist or casual user if
 several tokens are required to interact with the chain.

If you are someone who owns
 a higher number of coins, you can use the network more efficiently. But you also have a larger amount of money invested.

This means that you are
 more exposed to any price swings that affect the token. It also means to use the chain to its full potential, one has to have a higher level of purchasing power.

EOS has both interest in technology and a
 strong team behind them. They have every opportunity to do something special.

While they mechanisms and philosopies
 certainly have potential holes, all blockchains do.

It's great to see drastically
 different systems working in the space and we are excited to see what EOS' unique vision brings to the table. [silence] [silence] [silence] 
Blockchain Healthcare Platform
Healthcare provision worldwide has become highly inefficient and expensive. 

In the US alone, up to 1 trillion dollars
 is wasted through administrative coins, over-utilization and fraud.

This waste is caused by
 outdated and cumbersome healthcare systems which place an enormous strain on patients, doctors and administrators..

A change is urgently
 needed.

Meet Solve.Care, the
 global blockchain solution for healthcare coordination, administration and payment. 

The Solve.Care platform harnesses blockchain
 technology to reduce the hefty clinical and IT system costs attached to our current healthcare structure. 

Solve.Care's ecosystem connects patients, doctors,
 employers and insurers.

The platform
 consists of the Care.Wallet, Care.Card, Care.Marketplace and Care.Coin.

The center of the
 Solve.Care experience is the Care.Wallet personalized healthcare coordinator which allows patients and providers to administer healthcare in an easy way. 

The Care wallet functions through decentralized healthcare apps
 called care cards.

With care cards, patients
 can enroll in health insurance, manage health insurance benefits and make instant appointments and review and pay bills.

Doctors can issue prescriptions and coordinate with
 specialists. Employers can administer benefits and reduce costs.

As the care community
 evolves, further utility and value will be added through Care.Marketplace which is an app store where developers can build and release their own care card applications. 

The Solve.Care platform runs on two
 tokens, CareCoin and Solve token.

CareCoin is a stable payment token used to pay
 doctors, labs and hospitals. The Solve tokens is the gas of the platform, used to conduct transactions and access Solve.Care's tools and services.

Taken together, the Solve.Care system makes
 healthcare higher quality, more affordable and easier for everyone.

The future of healthcare is here.
 
One Frictionless Experience To Send Money Globally
What is Ripple?

Rising into the ranks of the top five
 cryptocurrencies within the past two months in terms of market cap.

Ripple has been getting a lot of
 attention. Let's take a look at the basics of this platform.

The Ripple ecosystem
 consists of two main technologies. The first is the Ripple protocol which is an open source protocol for inter institutional transactions. 

The second is XRP which is the native currency of
 the Ripple network and can be used as a denomination when transactions are initiated on the Ripple network. 

The primary participants
 in the Ripple ecosystem are gateways which serve as central exchange points. Validator nodes who validate transactions using a consensus protocol as opposed to mining which you may see with other currencies.

Individual wallet owners
 as well as market makers who provide liquidity by trading on the Ripple platform.

The consensus ledger is a perfect record
 of all Ripple accounts determined by the servers on the network.

A new ledger is created every
 few seconds. Whenever new transactions are introduced into the network, servers on the network share information about these candidate transactions with each other in order to start the process of achieving consensus.

This continues
 until a super majority of peers agree on a set of candidate transactions to be added to the new ledger.

This is called
 the consensus process.

Using the
 last validated ledger as a starting point, nodes evaluate candidate transactions from trusted peers called validators.

Transactions that fail to be validated can be
 validated in a future round of consensus.

Gateways are an important aspect
 of the Ripple network. They allow you to deposit funds in exchange for Ripple, withdraw funds by redeeming Ripple or transfer Ripple to another user. 

They function much like banks however
 all transactions on gateways are stored on this shared Ripple ledger. 

A few things to keep in mind
 regarding Ripple. One of Ripple's main value propositions is to allow for low cost speedy international transfer of funds between institutions. 

Each time Ripple is transferred, a small amount of Ripple is
 burned. The primary reason for this is to deter an attack on the network from a flood of transactions.

Ripple doesn't use
 mining and proof of work like other cryptocurrencies such as bitcoin. Its validation mechanism is the consensus protocol.

Ripple is
 already being used by several banks at financial institutions. 

I hope you
 enjoyed this brief introduction to Ripple. 
GXChain is a fundamental blockchain for the global
Many of us are bombarded daily by target and precise advertising. Especially regarding our personal information, consumption habits, behavior data etc.

Big Data brings great convenience to our
 life but it also turns us into walking data targets devoid of privacy.

The leakage of
 data information means that we and our information can be viewed any time from anywhere.

Widespread public
 concern at how large corporations collect and use our data has led to a raft of data management security regulation from governments.

However
 poor supervision can't prevent the black market.

Internet companies own huge amounts of
 data and their motives can hardly be said to be altruistic.

As
 a result, the burgeoning black market encourages the act of data trafficking.

At this critical
 juncture, the GXChain team has bravely taken up the mantel of public privacy and safety by developing a fundamental blockchain for the global data economy called GXChain designed to build a trusted data internet of value on the GXChain.

The user gives authorization for the process
 to begin. And once the data is encrypted and uploaded, the users own trusted digital identity is generated. And the private data key is handed over to the user.

The process is analogous to locking someone's
 personal data in a safe to which only the owner or the data has the sole key that can authorize decryption.

In
 addition, there is no centralized storage of data and any request to use the data must be authorized by the user.

Meanwhile users will
 benefit from any value generated by the use of the data.

GXChain
 allows users to regain data ownership so that users will no longer become victims of data trafficking.

GXChain is not
 fighting this battle alone. It provides a complete technical solution including a modulized side chain storage service called Bars which solve the problem of limited data storage space on the main chain.

And a
 virtual machine for the programmable smart contract which allows developers to develop rich blockchain applications, providing multi dimensional services to global users.

GXChain will work with developers to
 create an ecosystem of blockchain applications that respect the privacy and rights of users' data.

GXChain will help
 users regain their data ownership and allow them greater control over and benefits from the growing data revolution in a safe and practical manner. [silence] [silence] [silence] 
A free and lightning fast peer-to-peer transaction
Bitcoin started a new era and brought us the new technology. Even bitcoin is the pioneer of the blockchain field. It suffers from fast growing adoption.

The most significant
 problems are insufficient transaction capacity, slow confirmation and high transaction fees. 

Then many new respective blockchains came out one after
 another in the past few years to address the shortcoming of bitcoin.

However none of them are able to
 solve such weaknesses of bitcoin and neither are able to interoperate with each other.

Decentralized applications remain isolated in their
 respective blockchains they reside on as they cannot access digital assets on the other blockchain. 

To do so they have to depend on a centralized
 exchange to facilitate their transaction. This lack of ability to exchange and use information between blockchains makes the solutions inefficient.

It makes the process slow and
 expensive and obstruct the blockchain technology development.

If blockchain ever grows,
 it needs an internet for all blockchains. A silo breaker with enough capacity, fast confirmation and low transfer fees.

Mixin Network
 came as a solution provider. Mixin Network is an inter-operable public chain powered by trusted execution environment, asynchronous BFT and directed acyclic graph.

My methods of secret
 sharing scheme, key fragmentation, punitive POS and multi-signature on private keys.

To achieve high security,
 lightening speed, zero transfer fees, ease of use, inter-operation and unlimited scalability.

Mixin Networks
 supports 12 public chains including bitcoin, bitcoin cash, ethereum, ethereum classic, EOS, Ripple, Sia, Litecoin, Dash, Dogecoin, ZCash and NEM.

Mixin is working on supporting the top
 50 blockchains. More than 40,000 tokens could be transferred freely and instantly in Mixin Network. Cumulative transactions exceeded 100 million.

Mixin
 Network aims to mix all blockchains in one network to build a ecosystem in blockchain world. 

Mixin Network, the ecosystem
 welcomes all the co-build, copyright programs, social network programs, information programs, gaming programs are joining Mixin Network gradually.

The ecosystem is growing bigger than
 ever.

Mixin
 Network, mix all blockchains in one network. [silence] 
IOST is building an ultra-high TPS blockchain infr
Blockchain technology holds enormous potential for our future and how we do business, use online services, retain control of our data and much more.

To do this we need a high speed
 network that can scale for global adoption. A developer friendly network that ensures usability and security for all.

The current systems are too slow, insecure, hard to build
 on and open to manipulation. 

That's where IOST comes in.

Our network scales for global
 use while ensuring the usability and security required for mainstream adoption.

Our powerful consensus
 algorithm proof of believability, enables next generation transaction speeds while staying secure using factors including reputation, participation and behavior.

An innovative Byzantine fault tolerance
 mechanism, micro state blocks, atomic commit protocol and dynamic sharding all ensure apps are safe guarded, easy to use and lightening fast while reducing size, cost and hardware requirements.

We are building a
 self operated trustless and developer friendly platform that uses blockchain technology to cut out middlemen and maximize network value for users... From using blockchain services to running dApps and running a node and validating transactions, our network is easy to use, forever free and open for all.

We
 are funded by some of the world's leading venture capital firms and have created an ecosystem for developer funding, support and more.

With over 50 blockchain professionals from companies like
 Uber and Google and offices in 7 key cities around the world, we have the experience, knowledge and resources to reach out ambitious goals. 

This is the network that will bring blockchain from
 concept to reality.

This is
 
Tezos is a new platform for smart contracts and de
Tezos is an all new start contract platform built from scratch with security and future growth in mind.

Smart contracts reduce
 costs, save time and provide new options for automating complex transactions.

In the future
 smart contracts will allow you to check into your hotel as you unlock the door. Or allow internet routers to dynamically negotiate and allocate bandwidth.

Smart contracts can help
 manage access rights to your healthcare records. They might let you insure your picnic using micro weather insurance.

But all blockchain platforms face a big
 challenge. How does everyone agree on changes to the protocol and upgrades to the platform itself? 

When participants can't come to consensus on the direction of the
 network, growth stalls or worse hard forks split the network.

Tezos solves these problems.

Unlike
 other smart contract platforms, Tezos has a formal governance mechanism on the blockchain itself.

We enable token holders
 to make decisions about how the protocol should evolve.

All decisions are made transparently on the blockchain.
 

Once a decision is
 made, the Tezos platform pushes the upgrade automatically to the network. 

Tezos starts with the [inaudible] protocol
 but its governance mechanism allows token holders to upgrade all aspects of the platform. Can even change the rules for decision making.

Beacuse Tezos starts with a unique modular design,
 with cleanly separated layers, upgrading the protocol is as simple as changing out one layer for another. 

There is no need for hard forks.

Tezos is
 written in [inaudible] a statically typed functional programming language.

Formal verification can
 ensure the security of a platform by proving the correctness of its code.

It's typically a difficult
 process but writing it in [inaudible] makes it much easier.

And Tezos also features
 a new smart contract programming language called [inaudible] also designed to facilitate formal proofs.

When your smart contract is handling high
 value transactions, you want it to perform as intended. [inaudible] makes sure of that.

This is Tezos. A smart contract platform but with formally verifiable
 code and integrated self governance. [silence]