 with the Golem project. So I think Golem project is with Ethereum almost from the beginning. In fact we thought about Golem project shortly after learning about Ethereum because I believe that Ethereum is the technology that makes the concept possible. So as this is our third DEF CON already I will only describe the concept, the basic concept very shortly. So Golem is to be a market for computing power where anyone can like set an offer to sell the time of a machine of computing and anyone else can use advantage of that and buy this this time by computing a heavy computing task on the provider machine. So there are two very important parts of this equation. There are hardware providers and task requesters or or requesters that's how we call them but there is also the third very important element that we have a little bit overskipped in the communication recently who are software developers and we thought that as we are on a DEF CON after all maybe we should tell you more how we plan to integrate software developers into the equation. So like with like with every like with every complex system with many players you need to have some features and some incentives which makes players to use the features and in our case we have feature as a Golem is a flexible platform to deploy and monetize software that's for software developers of course and also Golem is a tool to sell a hardware time or buy hardware time if you are in need of some. So this is the basic concept. We have made actually quite a good progress since the previous DEF CON, DEF CON 1 where Piotr Janek presented our probabilistic nano payment scheme. We have a live public alpha version at the moment running on our testnet so you are welcome to try it to see the code on on on a github and yes and there is one great thing you will be awarded 100 ether if you join but this are our testnet ether so there were worth nothing but still you can like do some rendering with that because what we have integrated so far is it's a blender blender is a open source rendering software so you can render yourself a picture or a movie and you know pay that with that with our testnet eaters. So so those are the basis so now where is where is where is the big story for today. For the big story I would like to tell you a little bit about history so 80s were great time limo fancy haircuts but also like the beginning of the personal computers era as we know it now so what happened in in the early 80s in early 80s IBM created the facto standard for personal computers standard that exists to this day this standard was eventually reversed engineered by IBM competitors and hardware market as we know it now emerged and the biggest winner of this hardware wars was a software company Microsoft our our sponsor today and and the truth is that that the Microsoft was able to take advantage of that because standard for hardware emerged so in fact hardware alone doesn't matter like it doesn't matter at all hardware is worth as much as software running running on this hardware and if there is a standard for hardware then software can take advantage of it like it happened with with the personal computers and then Microsoft so like I don't want to to say that we are like creating standard for using every machine because there are many standards for that many protocols but what we are trying to do we try to connect all those standards on the one platform with one standard way of exchanging value using Ethereum network for software and for computing power and if this is simple for some computing power you can ask how it is possible to integrate any software with the centralized system and this is what I want to show you very shortly today so we need great software like beautiful software built by engineers by software developers like you to take off to make our golden network great and to make Ethereum great and to do that we will need to concept which is golden application registry and golden transaction framework so application registry is a very simple concept in fact that you register on chain your integration like you identify yourself your your application some basic information that enables user to find the application and to install the application to run it and anyone can certify that anyone can say that this code is good or can anyone can say that this code is bad that is malicious and blacklist it and this is up to the user who to trust so this is like the centralized trust non trust network in fact and this is how we want to make it possible to any developer deploy software for golem what is more there are very many different possible integrations with many different reward schemes if you think about how software companies are licensing the software this there's like any possible scheme you can imagine like per user per computer per hour per day per per year anything is possible so we are not going to implement in our transaction framework any solution possible we will provide of course for our integration examples how that can be done for every party but in fact we think it should be possible for developer to integrate any reward scheme which is which is compatible with some general standards and I think those standards can be summarized in just saying that it should be measurable it should be for it should not enable you to do anything dangerous to other parties so and of course over time I think that the coming integrations will create a kind of set of templates that will create in fact this transaction framework that anyone creator we couldn't use later and in fact this is those both concepts are very very powerful because this will enable you not only to deploy your application on golem network but also use other parties integrations in your integrations following their reward scheme so this is like again one more place where all the puzzles will meet together and I think this is what will make both Ethereum and golem's trunk because as I can see on this conference everything we built here is this is built of many different puzzles I will update you that we are another company that is using IPFS for example maybe not in the integration which is live at the moment but definitely we are going to integrate with IPFS quite soon and as we as Ethereum community can benefit from using each other integrations and solutions and software I think the same is true for applications running on the golem network and of course like golem is not for every application at least at the beginning it's for heavy computing mostly but I think that over time we will make it possible to to run more and more very interesting things very interesting integrations so what is the plan I see I have still some time left so I will tell you what we plan next as I said a month ago we released our first alpha which is working but still a lot of work to be done we hope to eventually add that to release during the it it's hard to promise but I hope this will be not yours but quarters rather maybe months and this will be the the first leaving golem network focused on on rendering because we believe that computer graphic rendering alone is like major industry that is very interesting use case itself and then we will focus on providing you that's developers with tools to integrate with with golem and and deploying any any application that can take advantage of of golem and Ethereum as soon as possible so if you want to know more about the project we we have our github open that that's obvious that's that's actually that obvious that I don't have that on the slide but you can also visit our web page our Slack or our blog where we update on the progress of the of the project thank you very much