Decred works on a hybrid proof-of-stake/proof-of-work mechanism in which miners create new blocks, but owners of DCR coins vote to make the blocks valid, in exchange for 30% of the block reward. As a result, a little more than half of the roughly 10.3 million extant Decred are staked.
Gaming startup Pocketful of Quarters (PoQ) was issued a no-action letter by the SEC’s Division of Corporation Finance (DCF) on July 25 for its plan to sell Ethereum-based Quarters tokens. These tokens will be used as in-game currencies on gaming platforms, and will be transferable from one game to another, even across platforms.
The U.S. Securities and Exchange Commission approved a second blockchain company’s request to sell its tokens to the public on July 11, a day after breaking ground by greenlighting its first public cryptocurrency sale.
Rocket Lawyer’s Charley Moore is betting smart contracts can make the law available to the masses. The online legal services firm has created a blockchain-based smart contract platform to make writing, verifying, and making payment on an agreement easy, affordable, and automatic. Think of it as an escrow account run by smart contracts.