Decentralized Applications to be Easily Built via Blockchain

From this article you will learn how Crowd Machine enables anyone to create decentralized apps and smart contracts without limitation and advanced coding skills
13 March 2018   201

There are such issues that the amateur users are facing nowadays as writing decentralized apps and smart contracts is hard, takes a long time, hosting apps is expensive, and decentralized networks are too slow to run complex decentralized apps. Crowd Machine project is designed to solve those issues, and, moreover, it aims to enable everyone in the world, regardless of their location, to be rewarded for their participation in the decentralized app economy.

How to build a decentralized application without special skills?

There is a huge amount of users who aspire to be able to build any type of decentralized blockchain app. Crowd Machine project provides such opportunity, and consists of Crowd Computer, Crowd App Studio and Crowd Share. The Crowd Computer is a global decentralized app execution engine, which was designed to execute blockchain smart contracts and decentralized apps that meet any requirement. The Crowd Computer consists of a peer-to-peer network of Crowd Virtual Machines that run on the peer devices. Device owners are compensated for the use of their processing power to run the CVM. Moreover, Crowd App Studio enables anyone to create decentralized apps without writing code.

The users who will use services provided by Crowd Machine will have such advantages as no need to use AWS and Azure, no need to ever write code again, and will be able to get applications to market 45 times faster.

Moreover, after looking through the whitepaper of Crowd Machine project, we discovered that it will be really useful not only for amaterus, but also for software developers, who can contribute their source code’s logic built as Patterns. They can also wrap any API from an external service or product and place it in Crowd Share for community and customer use.

crowd machine template
Crowd Machine in action

Talking about the advantages, Crowd Machine, compared to the public clouds, is infinitely scalable, limited only by the number of connected computing devices on the internet, and is not cost prohibitive.

How to profit from building decentralized apps?

As a decentralized platform, Crowd Machine is focused on its community. The people who participate with the Crowd Machine technology combine to form the most advanced distributed network and decentralized app technology. Community members can be App Authors, those that create apps, or App Processors, those who use their devices to run apps on the network. Whether an App Author or App Processor, community members are paid for their participation.

  • The users get access to Crowd Share, a repository where they can add the source code to
  • When source code that was placed by the users into Crowd Share is used by someone else, every time their code is run on the Crowd Computer they get paid for its use
  • The users can even use source code from Crowd Share in their own apps for free

What is Crowd Machine Compute Token?

Crowd Machine Compute Token is a currency which is paid by app owners for the usage of their app on the Crowd Computer, and CMCTs reward node operators on the network for contributing computational and storage resources. Also, they reward developers for their Patterns executed on the network by app end-users.

The users may be interested in buying Crowd Machine Compute Tokens if they want to build apps with the Crowd App Studio and have end-users use their app. CMCT token payment is analogous to the fees which have to be payed to Amazon Web Services or Google Cloud.

Crowd Machine Token DistributionCrowd Machine Token Distribution

The Crowd Machine project provides bonuses for early contributors, and a 0.5x (50%) bonus will apply for all contributions received during the first 10 days of the public sale. Tokens can be bought via BTC and ETH currency.

CMCTs will have a fixed supply of two billion tokens, and the public sale opens at 0:00 UTC on April 1st, 2018, and closes at 20:00 UTC on May 22nd, 2019.

The funds raised via token sale will be used by the project for such key purposes as sustaining engineering and feature enhancement of the Crowd App Studio, Crowd Share and Crowd Virtual Machine products, development of a global developer community, sales and marketing, product and community support. 

Tezos Co-Founder penaltied by Wall Street Regulator

Tezos co-founder Arthur Breitman is punished with a fine and a trading veto for two years by The Financial Industry Regulatory Authority (FINRA)
20 April 2018   93

The Wall Street regulatory institution has come to a adjudgement with Breitman after he was indicted of producing false statements about his side venture (Tezos) while he was actually employed at Morgan Stanley. All registered FINRA securities specialists are demanded to report any for-profit activity outside of their stated employment if there is “reasonable expectation of compensation.”

The regulatory activity started from a Reuters article published in October that discovered Breitman, who is filed with FINRA as a French citizen, never disclosed hise work for Tezos while still employed at Morgan Stanley within the years of 2014-2015.

Together with the other proofs published in Reuters` article is a business plan written in 2015 that lists Brietmen as chief executive and makes projections on the potential for the company to be worth as much as 20 billion dollars over 15 years.  They also cited two papers Breitman penned under the pseudonym L.M. Goodman about Tezos, showing that he purposely hid his connection with the firm.

FINRA enclosed that “Breitman did not notify Morgan Stanley at any time that he was engaging in these outside business activities.” The adjudgement conditions of April 18 are that Breitman shun any broker-deals for 2 years and pay a $20,000 fine. Breitman neither accept nor disclaim the indictments.

The settlement with FINRA is unrelated to and has no impact on the launch of the Tezos network. Arthur cooperated fully with FINRA at all times and Arthur is pleased to put this personal matter behind him.
Sarah Lightdale, lawyer of Arthur Breitman

Last July the Tezos foundation increased for $232 million from their initial coin offering to found the blockchain network for smart contracts but still haven’t delivered any of the cryptocurrency to supporters because of infighting and legal problems in and outside of the boardroom.