Hello everyone this is Jenny from 
Icon Pilipinas. Hope everyone is doing fine.
So today we want to talk about the huge
announcement that was just released a few
days ago by the ICON team and I know
everyone knows about it. It's the
Loop Fault Tolerance 2.0
So we are doing this
because we want to discuss it in the
most simplest way in the most simple
terms because we want to make sure that
everyone understand what we 
are actually celebrating right now.
So if you notice we always share 
in our Facebook Page
the latest announcement from from the 
ICON team so which is LFT 2.0
So we just want to make sure that 
all Pinoy understand what we are saying
I know it's a lot of technical terms 
but me personally I don't I'm not good with
technical terms so I always say let's
explain it in the most simple terms that
everyone can understand that like me can
understand so hopefully all Pinoy
will be able to get it after this video.
So for those who don't know 
in the decentralized network
like ICON specially in blockchain so all
the big platforms like EOS and Cosmos
they need to reach a full consensus so
in short they have to understand each other.
So right now they are using what we call PBFT or
Practical Byzantine Fault Tolerance
So in ICON they use what we call
LFT 2.0 or Loop Fault Tolerance
So what it is actually doing is instead of
3 stages they reduce it to 2 stages.
LFT 2.0 is an improved version of PBFT
we can just say it like that.
It has higher performance, less latency
and higher scalability.
So another example that I can cite so it
relates LFT 2.0 is our train system
our MRT. So I know all Pinoy know 
how hard it is to travel using
MRT so just imagine long line and
less train less number of trains then
sometimes it breaks down. So just imagine if 
Metro Manila Railway is done.
So maybe in five years yeah it will 
take a long time but we know that once it's done
it would make our travel much easier.
Like almost majority are working majority are
doing public transforming I mean
transportation. So guys just relate it because
LFT 2.0 was done by the ICON
team for 3 years so it took them
3 years to perfect it so it's like
the Manila railway. It'll probably take them
like 5 years but once it's done
traveling for us will be more efficient.
So that's how I can relate 
LFT with our daily lives right now.
Like just imagine like like buying Starbucks
like buying coffee so you go there and you
use your Mastercard or Visa card. 
You're not gonna wait there for like
an hour just to process the 
transactions right?
So usually right now it'll only take
like a second. I dunno 2 to 3 seconds
to process it. So that's what
LFT 2.0 is trying to do here so they are
improving the performance so it's much 
faster much shorter in time for
the transaction that everyone is doing.
And just so you know LFT 2.0
was actually audited by one of the top
university in Korea KAIST so their
report has been actually published
please check out our FB we actually
shared it there if you wanna know more
about it and the white paper of LFT 2.0 
will be released soon on Github too.
So please stay tuned and rest
assured that we're gonna be sharing it in
our FB page as well so everyone will
know will be updated.
So with this update hopefully there will be more
programmers and developers who will
believe in the ICON Project and you know
they will build their project
using the ICON network. So here 
in the Philippines like I know
we have a lot of aspiring programmers
and developers they're just shy.
I mean we've been receiving a lot of
messages especially from the younger
generation and we appreciate that
because it only proves that we can
and we want it. It's just that the opportunity
was not there.
So hopefully by this update more people
will be encouraged just you know don't be
intimidated because it's just that they
are just terms and please understand
how the technology works and you will
know that it would make our lives way
way better compared without it.
