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the Golem Basis has staked 98,016 ETH (equal to $183M) into Ethereum’s Proof of Stake (PoS) system, as reported 15 hours in the past. This transfer is noteworthy because it represents a considerable portion of the 820,000 ETH ($8.52M) that the Golem challenge had raised throughout its Preliminary Coin Providing (ICO) on November 11, 2016.
The Golem Community is “a world group of creators constructing bold software program options that may form the technological panorama of future generations by accessing computing assets throughout the platform.” The Golem challenge, a decentralized market for computing energy, has been a pioneering drive within the blockchain area. It was one of many first initiatives to crowdfund for constructing, and its first implementation, Brass Golem, grew to become operational in 2018. The challenge’s main goal is to supply computing assets for demanding initiatives with out the involvement of central authorities.
Sarcastically, the Golem challenge nonetheless holds a major quantity of ETH from its ICO. Out of the 820,000 ETH raised, 721,984 ETH (value roughly $524M) remains to be of their possession.
Picture supply: Shutterstock
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