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Graeme Steele, CEO and founder of Cryptosense, explains the concept of Certificate Transparency Logs and their importance in ensuring the security of certificates and CAS on the internet. He highlights how web browsers contain root public certificates from certification authorities, which are used to verify the authenticity of websites. By utilizing intermediate certificates signed by these authorities, website owners can prove ownership of their servers. This process helps users like Steele ensure they are securely connecting to trusted sites, such as their bank.