# Putin speech sends sterling to fresh 37-year low ahead of Fed, BoE meetings
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-12-16
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Pound Hits 37-Year Low Against Dollar Amid Geopolitical
Meta Description: The pound fell to a 37-year low against the dollar after Putin's remarks and Fed's rate hike. BoE rate decision and mini-budget add to market uncerta
URL: https://financedigest.com/putin-speech-sends-sterling-to-fresh-37-year-low-ahead-of-fed-boe-meetings-2html

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_MVP will allow for testing of SONM network ahead of customer release in August 2018_

SONM, the universal fog supercomputer powered by blockchain technology, has today announced that it will release its Minimum Viable Product (MVP) to developers on December 25, 2017. The release of this beta version of the SONM platform will offer [developers an opportunity to test the range of fog computing services offered by SONM and to offer critical feedback and improvements ahead](https://www.financedigest.com/adverty-and-drive-ahead-developer-dodreams-announce-exclusive-in-game-ad-partnership.html "Adverty and Drive Ahead! developer Dodreams announce exclusive in-game ad partnership") of its planned release to customers in August 2018.

Powered by the Ethereum blockchain, SONM is a distributed [worldwide system](https://www.financedigest.com/dental-delivery-system-market-is-booming-worldwide-by-2027-growth-share-demand-and-analysis-forecasts.html "Dental Delivery System Market is Booming Worldwide by 2027 | Growth, Share, Demand and Analysis Forecasts") for peer-to-peer and general-purpose computing, implemented as a fog computing structure. It provides a viable and more cost-efficient alternative to cloud solutions and services by operating in the fog computing structure. SONM’s resources are run on users’ computers, which provides the benefits of reduced prices, an open infrastructure, and a common resource pool with unlimited computing power. In the SONM system, miners based around the world leverage their idle [computer power to join the network](https://www.financedigest.com/hackers-hit-italian-oil-company-enis-computer-networks.html "Hackers hit Italian oil company Eni’s computer networks"). SONM will be able to reward its community for sharing their processing power with SNM tokens.

The MVP will feature SONM’s marketplace service, a dedicated internal feature that collects buy and sell orders from consumers and suppliers of computing power. The MVP will also include worker nodes that perform user tasks, as well as client nodes that are installed on the consumer and supplier sides to interact with the SONM network. The service will run hub nodes, both in failover mode (a back-up operational setting) and in standalone mode (a state that is operable independent of other devices). In addition, the MVP will feature a locator service responsible for hub discovery and a set of smart contracts with test tokens.

SONM CEO Sergey Ponomarev said: “This is a major milestone in the development of the SONM platform. The [launch of the MVP ahead](https://www.financedigest.com/bloom-uk-celebrates-500-new-members-as-it-looks-ahead-to-international-womens-day-and-launches-its-2022-mentoring-scheme.html "Bloom UK celebrates 500 new members as it looks ahead to International Women’s Day and launches its 2022 mentoring scheme") of schedule, less than six months after the establishment of the company, is a testament to the discipline, reliability, and creativity of the entire SONM team. The MVP will significantly accelerate the timetable required to fully develop the [platform and its deployment to the customers](https://www.financedigest.com/a-ccm-platform-is-crucial-to-your-customer-communication-plans-heres-why.html "A CCM platform is crucial to your customer communication plans: here’s why") that have been eagerly awaiting its release.”

The SONM team has identified a roadmap of key updates, commencing with the testnet releases, until the planned [final product release in August](https://www.financedigest.com/spain-august-final-12-month-inflation-at-10-5.html "Spain August final 12-month inflation at 10.5%") 2018\. The [final product release will include features that make the system efficient for public use on a live](https://www.financedigest.com/cost-of-living-in-focus-as-australias-election-race-hits-final-stretch.html "Cost of living in focus as Australia’s election race hits final stretch") network.

Ponomarev added: “With the launch of its MVP, SONM is excited to provide our existing partners with early access to the marketplace and the ability to leverage the community’s collective computing resources. This will prove to be a [critical resource for learning](https://www.financedigest.com/critical-learnings-in-digital-transformation.html "Critical learnings in digital transformation ") and tests, providing us not only with the opportunity to develop a user-friendly service with advanced capabilities, but also with the ability to build valuable partnerships both now and in the future.”


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