I haven't posted here in a while - not for lack of interest in GALI but mainly due to a lack of time. A rising BTC market, along with other majors and many ALTS, has proved a bit of a distraction, but I've still been keeping a close eye on everything going on at Gailel Project and there's certainly no shortage of activity.

Zerocoin being put into maintenance mode due to the critical security issue found by ZCoin in Zerocoin implementation a little while ago was obviously a blow, particularly for those staking zGali, but I have no doubt that 'babyface' has been working hard over the past few weeks and will come up with a remedy before too long so I'm not really fazed by this setback.

On a more positive note, Galilel is in the final stages of being incorporated as a legal entity in Germany which will put our project head and shoulders above most others in the cryptosphere. This is an important milestone in our development, which should not be underestimated, as it allows us to enter into legally binding agreements with partners and furthermore protects the team from any personal liability.

To give you an example, I think I'm right in saying that to release an iOS app you need to be a registered company so, being an iPhone user, I'm looking forward to when they release a mobile wallet in the Apple Store. Playing devils advocate, if someone were to lose any of their funds through use of the app, being published by a registered company would mean that none of the team members could be held personally liable. Whilst I have every confidence that the team would only publish an app when it has been fully tested, it is important for their own peace of mind that they can go about progressing the project unhindered by fear of the increasingly litigious society we live in.