Golem to Launch at Ethereum Network

One of the first ICO startups finally launched beta version
10 April 2018   216

After two years of development, one of the first ICO start-ups, which raised 820,000 ETH in 2016, is launched in the main network Ethereum. This is reported by Trustnodes.

The road to mainnet was a complex and challenging one, more than the Golem team would have expected. After 14 major (and some more minor ones…) software iterations of the Golem Alpha version that supported several OS including MacOS, Windows, and Linux; combined with more than two years of research and development, the Golem team decided to launch the Beta version, called Brass onto the Ethereum Mainnet.
 

Golem Team

Golem Mainnet 
Golem Mainnet

This is a beta version, so it can have some bugs. 

Golem is a dApp, and as any other, it required testing through a contained “laboratory”. But in order to progress, we need to get out of this comfort zone, and make sure the elements that we have worked hard, and continue to build, are responsive and working well on a decentralized setting.
 

Golem's Blog

Thus, the developers launched an experiment, the participants of which can lease the computing power of their computers to anyone who wants to.

The idea behind Golem developers is to create a super-computer that will combine the computing power of users' computers that want to sell them, and subsequently will redistribute these capacities in favor of those who need them.

The first area of application Golem will be the rendering of computer graphic interfaces (CGI). Typically, this task requires significant computing resources, which Golem is ready to provide at significantly lower prices than competitors.

It is also worth noting that this event had a great impact onto Golem price - it rose for 23% in 24h.

Golem Price ChartsGolem Price Charts

At the moment of press, these are main market parameters of GNT:

  • Average Price: $0,245395
  • 24h Vol: $45 280 900
  • Market Cap: $204 723 723

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   117

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.