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.
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Eyeing the future, US Congress moves to define ‘blockchain’ and ‘cryptocurrency’
Senate action on Blockchain Promotion Act seen as vital to growth
The U.S. Senate Commerce, Science and Transportation Committee voted to approve the Blockchain Promotion Act of 2019 on July 12, giving the Commerce Department one year to come up with “a recommended definition of the distributed ledger technology commonly known as ‘’blockchain technology.’”
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James Dimon, Chairman and Chief Executive Officer, JPMorgan Chase. Photo: World Economic Forum via Wiki Commons).JPMorgan adds KYC-defeating technology to Ethereum-based payment privacy tool Zether
The banking giant open-sources a user-anonymity tool for cryptocurrency
Just as international financial regulators are about to announce stronger "know your customer" requirements for cryptocurrencies, banking giant JPMorgan Chase has released software designed to help people avoid them.
