Today, Tierion announced a settlement and waiver with the SEC in connection with the Company’s sale of an ERC-20 token between July 22, 2017 and July 28, 2017. This SEC settlement and waiver allows Tierion to complete the retirement of the TNT token, and to move forward without a heavy regulatory burden. This announcement does not impact the availability of Tierion’s current products or open-source software.

Summary of the Settlement Terms


Austin, TX., December 23, 2020 — Tierion has reached a civil settlement with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the company’s sale of an ERC-20 token between July 22, 2017 and July 28, 2017. Under the settlement, Tierion will pay a one-time fine of $250,000 to resolve this matter, whilst neither admitting nor denying the SEC’s claims.

The settlement relates specifically to the TNT ERC-20 token which is no longer in use, and will not require the token to be registered as a security with the SEC. The SEC has simultaneously granted Tierion an important…


Tierion has joined the League of Entropy, along with other industry leaders such as Cloudflare and Protocol Labs, to run drand, a distributed randomness beacon. On July 9th, 2020 Chainpoint became the first live system to utilize drand, when the NIST Randomness Beacon was replaced with drand in Chainpoint proofs.

What is Drand?

Drand is a distributed network that generates a random number every thirty seconds. From the drand web site:

Servers running drand can be linked with each other to produce collective, publicly verifiable, unbiased, unpredictable random values at fixed intervals using bilinear pairings and threshold cryptography.

How Does Chainpoint Use Randomness Beacons?

In May 2017, Tierion announced…


Don’t let anyone tell you there are no real-world use cases for blockchain technology. Recently, we’ve seen an increase in the number of companies announcing they’re using Chainpoint to anchor data to the Bitcoin blockchain. Our team at Tierion is proud to be leading the mainstream adoption of the blockchain to prove the integrity and timestamp of data.

Xero

Xero’s API team has developed a project that uses Chainpoint to prove the existence and integrity of accounting data by anchoring it to the Bitcoin blockchain.

Read the full Xero blog post.

Dell

Dell has integrated Chainpoint with Boomi, a unified platform for…


Version 1.2.2 of the Chainpoint Node software was released this week.

Communication between Nodes and Core has been substantially improved. Updating and retrieving Chainpoint proofs much faster. Proof verification is also significantly faster, with some tests showing a 15x speed increase when verifying large sets of proofs.

Upgrades to Core’s infrastructure have improved the performance an reliability of writing data to the calendar. Follow development on Github.

Upgrade Nodes

Node operators should upgrade to version 1.2.2. The process takes about 15 seconds.

Node upgrade video tutorial.

Additional Registered Nodes

On November 6th at 9:00am PT an additional three hundred nodes registered on the network. Depending…


Node registration will open on November 6th at 9:00am PT (17:00 UTC). An additional three hundred nodes will be able to register.

The registration process is simple. Node operators should upgrade to version 1.2.2. The process takes about 15 seconds. Nodes will automatically attempt to register when started.

IMPORTANT: Version 1.2.2 of the Chainpoint Node software will be released moments before registration opens.

Node upgrade video tutorial.

Our team is continuing to test the network. Node operators will see periods of traffic. This is normal. Testing will continue for several days. …


Tierion Network Update — October 27th

Our team is conducting a new round of network testing.

Node operators will see periods of traffic. This is normal. Testing will continue for several days. Registration of additional nodes will open when testing has been completed.

Chainpoint Node version 1.2.1 is the latest release. It includes a firewall, NTPD service, and security and performance optimizations. Node operators should upgrade to version 1.2.1. The process takes about 15 seconds.

Node upgrade video tutorial.

Additional Registered Nodes

On October 18th at 7:00pm PT an additional three hundred nodes registered on the network. …


Tierion Network Update — October 20th

Chainpoint Node version 1.2.1 was released on Wednesday. This release includes a firewall, NTPD service, and security and performance optimizations. Node operators should upgrade to version 1.2.1. The process takes about 15 seconds.

Node upgrade video tutorial.

Additional Registered Nodes

On October 18th at 7:00pm PT an additional three hundred nodes registered on the network.

Testing

Our team is starting a new round of testing the network. Node operators may see periods of traffic to their nodes. This is normal. We anticipate testing will continue for several days. Once testing has been completed, registration will be open to additional nodes.

The number of registered…


Node registration will open on October 18th at 7:00pm PT (October 19th, 02:00 UTC). An additional three hundred nodes will be able to register.

The registration process is simple. Node operators should upgrade to version 1.2.1. The process takes about 15 seconds. Nodes will automatically attempt to register when started.

IMPORTANT: Version 1.2.1 of the Chainpoint Node software will be released moments before registration opens.

Node upgrade video tutorial.

Requirements:

The node registration limit will be periodically increased to allow additional nodes…


Tierion Network Update — October 13th

Chainpoint Node version 1.2.0 will be released today. This release includes log improvements, and security and performance optimizations. All node operators are encouraged to upgrade.

Rewards & Node Registration

Node registration will reset today at approximately 1pm PT. The registration process is simple. Node operators should upgrade to version 1.2.0. The Node will automatically attempt to register.

Requirements:

All nodes must upgrade to 1.2.0 to register with Core. Registration will initially be open to ten nodes. The node registration limit will be periodically increased to allow…

Wayne Vaughan

Founder & CEO of Tierion. I write about bitcoin, blockchain, & startups. http://tierion.com. Follow: @WayneVaughan

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