Hello dear Galilel contributors.
Now the time has come. Exactly one year ago the first block of Galilel Blockchain was found.
Since then, more than 500,000 more blocks have been found and today we can speak of a stable blockchain that works smoothly. We can really build on that.
A lot has happened in this first year. Some new features like the Zerocoin Protocol with Zerocoinstaking were implemented. Also the reward structure was adapted by a community vote in such a way that the community gets much more control over the blockchain in the future via our new features and they can influence the inflation themselves.
Galilel was also listed on many exchanges and monitoring/hosting/informative platforms.
The listing on Coinmarketcap (CMC) also enables us to expand many new possibilities and gives us great exposure.
Our Android app is in beta and is scheduled for release in the major stores after the Corp is created.
As requested by the community we wrote a non-technical summary of the project and the blockchain features outlined in the Whitepaper. This summary should give people that are technically not well-versed an overview of what the project tries to accomplish and by which means. It's a lighter read than the White paper and should be seen as an addition to it not a replacement.
We want to give a little progress report on the establishment of the corporation. We received this week the revised contracts from the notary. On June 11 @Babyface and me gonna be at the notary to finalize and sign the contract with the others signing the contract shortly after at notarys in their respective locations since we are not all located in the same area.
After that the notary will send the paper work to the state registry which initiates the establishment of the corporation. Insertion into the registry usually takes 2-4 weeks. This process is a pure bureaucratic one, so from there on we did everything on our part and will have to wait until we get confirmation from the respective government agency that the corporation has been included in the state registry and is fully operational.
Once the company is established we are able to upload the mobile wallet which is already in Beta to the playstore. In a second step we would also be well in time for our Q3 goal of a mobile wallet for iOS and would also be able to publish it into the App Store which has a corporation as a strict requirement.