Covalent Taps IBM Blockchain to Help Track the Carbon Impact of its AirCarbon-based Fashion Goods 20002

IBM (NYSE: IBM) and Covalent, a fashion brand recently launched by Newlight Technologies, today announced that Covalent is using IBM Blockchain technology on IBM LinuxONE so consumers can track the carbon footprint and supply chain of its sustainable, AirCarbon-based fashion accessories, from eyewear to handbags. Purchasing sustainable products is a growing motivation for consumers. A recent study by IBM showed 57% of consumers surveyed were willing to change their shopping habits to reduce environmental impact. Covalent’s products, which can be purchased on its website, are made with AirCarbon, a biomaterial made by microorganisms that is meltable and can be used as an alternative to fiber, plastic and leather. Because it is made using renewable power, AirCarbon is certified as carbon-negative by the Carbon Trust, meaning it reduces the amount of carbon in the air.

In addition to being part of a new category of “regenerative” products emerging that can have a positive impact on the amount of carbon in the atmosphere, Covalent’s AirCarbon-based products provide a new level of traceability through the application of IBM Blockchain technology. Often, when consumers buy products labeled as sustainable fashion, they cannot see a verified record of how the product was made or how it affects the environment. Covalent’s products bridge that gap with a blockchain-based number that can be used to show the steps in the production process for that specific product as well as its third-party-verified carbon impact so customers can view impact the product is having on the environment.

A unique 12-digit number printed on each Covalent product, known as the “Carbon Date,” represents the time when the AirCarbon used to create that specific product was created. The number can be entered into Covalent’s website to trace the steps that went into creating the product. The supply chain journey that brought each product to life is stored in an immutable record on the blockchain and stretches from when the AirCarbon was formed and molded into a handbag to who independently verified its carbon footprint and when it was moved to a stockroom.

“Our goal was to give people the information they need to decide what kind of impact they want to make,” Newlight CEO Mark Herrema said. “With IBM Blockchain and LinuxONE technology, we can now provide visibility into not only the steps used to make each Covalent product, but also the carbon impact that each specific product has on the environment. For us, that’s important, because it helps make tangible the unique pathway that led to the creation of that product.”

By working with IBM Business Partner Cognition Foundry, a services provider and systems integrator, Covalent is able to host its IBM Blockchain solution on IBM LinuxONE, a highly secured server for mission critical workloads and that provides scalability and resiliency, including the industry’s first and only FIPS 140-2 Level 4 certified Hardware Security Module (HSM).[1]

“Blockchain’s ability to foster trust gives Covalent’s customers a better understanding of how their products were made,” said Alistair Rennie, General Manager of IBM Blockchain. “In turn, Covalent can create a better customer experience, and a better opportunity for consumers to understand how their choices impact the environment. This is another great example of how blockchain is supporting our mission of using technology for good.”

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Lenfi reinforces trust with a second audit prior to mainnet launch 6432

In a move that underscores its commitment to unmatched security and transparency, Lenfi, a trailblazer in Cardano’s DeFi landscape, has announced the commencement of its second audit, paving the way for its much-anticipated mainnet debut. The upcoming six-week audit, conducted by industry experts TxPipe, marks a significant milestone in ensuring top-notch security for Lenfi’s innovative lending and borrowing protocol.

Simplifying DeFi: Lenfi’s user-centric approach

Lenfi stands out in the complex world of decentralized finance (DeFi) by making its lending and borrowing platform not only secure but also user-friendly. “Our goal is to demystify DeFi, making it accessible and safe for everyone,” says Mantas Andriuska, Co-founder of Lenfi. “This audit is more than a security check; it’s about building trust and delivering a seamless experience to our users.”

Building on a foundation of success

The decision to conduct a second audit follows the successful completion of an initial audit by AnastasiaLabs, which involved an in-depth review and optimization of Lenfi’s code. This rigorous process helped fortify Lenfi’s platform against potential vulnerabilities, setting a high standard in the DeFi sector.

In 2022, under its former name Aada Finance, the team’s commitment to robust security protocols was evident with two comprehensive audits by Vacuumlabs. Since its launch on September 13, 2022, Lenfi’s V1 lending protocol has operated flawlessly, a testament to the team’s meticulous approach.

What sets Lenfi apart?

Lenfi distinguishes itself in the DeFi space with its unwavering commitment to safety and its open-source approach. Transitioning from a peer-to-peer model to a complex pooled lending system on Cardano, Lenfi underscores its dedication to security and transparency. This open-source philosophy not only ensures rigorous scrutiny but also fosters community trust and ongoing innovation in DeFi.

Enhancing user confidence through expert audits

Recognizing that a single audit is not the be-all and end-all of security, Lenfi adopts a multi-audit strategy. “Multiple audits mean diverse expert perspectives, leading to a more resilient platform,” Andriuska explains. TxPipe, as creators of the programming language used in Lenfi’s smart contracts, are uniquely positioned to provide comprehensive and insightful stress tests.

Looking ahead: A safer DeFi future

This second audit is more than a procedural step; it’s a reflection of Lenfi’s vision for a safer, more reliable DeFi ecosystem. As we move closer to the mainnet launch, Lenfi’s unwavering commitment to security, coupled with its innovative platform, positions it as a beacon of trust and efficiency in the dynamic world of DeFi.

Website: https://lenfi.io/
Twitter: https://twitter.com/LenfiOfficial
Testnet: https://testnet.lenfi.io/

Meet StocksFC: The Football Stock Market Where Goals earn you crypto 6369

Stockers

Amsterdam, Netherlands – StocksFC, the innovative football (soccer) stock market platform that runs on Ethereum, is proud to announce its astounding success since its inception six months ago. In this short span, StocksFC has redefined the sports investment landscape, presenting fans with an unprecedented opportunity to monetize their football acumen.

A Game-Changer in Sports and Finance

With its launch in May 2023, StocksFC offered fans the chance to buy, sell, and trade football player stocks with the potential to earn crypto rewards when players shine on the pitch. Fast forward six months, and the market cap has increased by 1350%, with over half a million stocks in circulation. This seismic shift in sports engagement mirrors the bullish trends of the most dynamic financial markets.

Unrivalled Profits and Portfolio Power

The platform’s robust growth is underpinned by the soaring value of player stocks – premier players like Maddison surging over 400% since being listed. These are not anomalies but rather the norm on StocksFC, where every week offers the thrill of potential profits. Football fans have the freedom to craft their portfolios to capitalize on the weekly, monthly, and end-of-season cash rewards, with strategies ranging from investing in undervalued players to identifying future superstars.

Alex Thomas, founder of StocksFC said, “The surge in growth we’ve experienced in the past 6 months has been remarkable. We remain firmly committed to establishing ourselves as a leading force in the rapidly growing field of alternative financial assets.”

Three-tier model to retain rapid growth

The three-tier model to retain rapid growth at StocksFC includes an unparalleled commitment to transparency, sustainability, and community.

Transparency is not just a buzzword at StocksFC; it’s the backbone. The platform guarantees an immutable ledger of transactions, fostering unmatched trust among its users. Following this, sustainability is equally vital, with StocksFC’s design ensuring long-term value growth. Each stock is an ERC20 token and with a limit of 100k stocks per player and a systematic burn of stocks on trades, scarcity is artfully crafted to boost potential rewards.

Additionally, at the heart of StocksFC’s ethos is a community-first approach. User polls will guide significant platform decisions, ensuring that those who invest their time and passion into StocksFC have a voice that resonates at the very core of its operations.

The Future is Bright

The groundbreaking platform has not only attracted fans but has also garnered the confidence of financial and technological titans. Early investment from venture capital firm Antler has supercharged StocksFC’s ascent, while partnerships with Bitgo, Ramp, Coinbase Commerce, and Opta have provided a solid infrastructure for seamless, secure trading experiences.

With it’s exceptional growth, StocksFC continues to blaze a trail in the sports investment domain. The future promises an exciting expansion of its offerings, with plans to release hundreds of additional players in the coming months and to expand into Europe’s top 5 leagues, as well as other sports.

StocksFC extends an open invitation to football fans and sports traders worldwide to join them, and be a part of this winning streak that melds passion with profits.

For more information and to become part of this investment revolution, visit StocksFC’s platform, engage with the community on Telegram, Discord and X (Twitter).

Score Big with StocksFC – Where Every Fan is an Investor.

StocksFC – Buy. Sell. Earn

Alchemy Pay and zkMe – Transforming KYC With Zkme’s Innovative zkKYC Solution to Provide Privacy-Preserving and Compliant Onboarding 5832

Alchemy Pay and zkMe team up to bring groundbreaking privacy-preserving KYC solutions to onboard users in a compliant, safe and secure manner through the zkMe identity oracle.

Overview

  • zkMe is an end-to-end zk proof and decentralized identity oracle
  • Alchemy Pay will start accepting zkMe’s privacy-preserving KYC, AML, and compliance related onboarding services
  • Through this collaboration, the two companies prove it’s possible to merge the blockchain ethos of privacy and decentralization with incoming regulation

Despite the maturity of the internet and the awareness of privacy concerns, existing KYC solutions often impose archaic and risky procedures on users – a solution that often exposes the user’s information to employees and companies (such as easily accessible pictures of passports), while users have no control over how their data is shared with third-parties. The repetitive verification required across different platforms only exacerbates data exposure risks.

With zkMe providing an identity oracle, which treats each identity as a set of anonymized data points, all identity-based queries (from personal info such as KYC, to on and offline credentials such as medical licenses and social media prowess) can be packaged in a single oracle, privately.

Traditional KYC methods often create friction during onboarding, sacrifice user privacy, and impose security risks by storing personal data on centralized servers. As a leading payments gateway bridging fiat and crypto economies globally, Alchemy Pay is teaming up with zkMe to integrate cutting-edge zero-knowledge proof (ZKP) technology into its onboarding process. This collaboration will provide enhanced privacy, security and convenience for Alchemy Pay users worldwide.

How zkMe’s zkKYC innovates identity verification

zkMe’s zkKYC solution allows users to prove they meet verification criteria without exposing any personal information. Advanced cryptography converts identity data into anonymized proofs of the credential, which are then validated against predefined requirements. The KYC process then only reveals that the users meet the criteria, such as “is this user over 18,” and “which country is this user a citizen of,” without risking crucial information such as the picture of the passport, or the passport number, all while being compliant in most key jurisdictions.

The process ensures:

  • User privacy is safeguarded through end-to-end encryption and selective disclosure of information. No personal data is ever stored on centralized servers.
  • Security is bolstered by decentralizing computation and using threshold encryption across multiple parties. No single entity can access user data.
  • Regulatory compliance is maintained by enabling identity recovery if required by authorities.
  • Convenience is improved by enabling instant verifications that can be reused across services that deploy zkMe’s identity oracle. No more repetitive KYC processes.

By adopting zkKYC, Alchemy Pay reaffirms its commitment to user security and privacy. This integration paves the way for a more streamlined, trusted and regulatory-compliant onboarding experience.

Looking ahead, zkKYC opens up new possibilities for Alchemy Pay to expand its services while upholding privacy values. Potential use cases include permissioned DeFi, undercollateralized loans, loyalty programs, and more. By leveraging advanced cryptography, Alchemy Pay can cater to emerging Web3 markets while giving users control over their personal data. This collaboration with zkMe represents a monumental step towards the future of self-sovereign identity.

About zkMe

zkMe builds zk Identity Oracles for truly decentralized & anonymous cross-chain credential verifications.

No personal information is ever processed by anyone but the user themselves. Data leaks & misuse by the service provider are impossible; full interoperability & reusability result in a superior ID solution. zkMe’s is the only FATF compliant KYC provider to be fully decentralized, offering a full suite of products from anti-bit/anti-sybil, to KYC and more.

Tipitek is expanding the capabilities for its clients 6712

Tipitek

Tipitek is a structural division of Cryptoves LLP with its own high-speed, reliable, and modern cryptocurrency platform. Since its launch, the entire Tipitek ecosystem has been continuously evolving, providing a reliable platform for working in the crypto industry. While there were previous announcements about expanding the range of tools, not all details were previously disclosed. As of today, Tipitek offers the opportunity to work not only with cryptocurrencies but also with tokenized stocks, indices, precious metals, commodities, and energy assets.

About Tipitek: Analyzing Tipitek’s operations, it can confidently be said that its creators have successfully combined the best elements: innovation, style, comfort, security, multifunctionality, stability, high speed, and more. Both beginners and experienced traders enjoy working here, as each sees benefits for themselves.

Tipitek offers several types of trading accounts, and the use of margin trading conditions allows for trading on growth.

Expansion of the Instrument List: This management decision now allows Tipitek clients to work with cryptocurrencies and other tokenized assets, stocks, indices, precious metals, commodities, and energy assets on a single platform. This significantly simplifies the life of an active trader and saves time. And we know that time plays a very important role in the lives of our clients.

So, Tipitek users can now trade:

  • Cryptocurrency pairs (crypto-USDT, crypto-crypto): Over 30 directions for trading bitcoins, stablecoins, altcoins. Flexible leverage.
  • Tokenized stocks: Over 150 positions of well-known global companies. Short-term and long-term strategies are available.
  • Tokenized indices: Availability of the most popular global trends. Compliance with underlying assets. Market turnover of over 1 trillion dollars per day.
  • Tokenized precious metals: Agreed, the inclusion of tokenized metals into operation is an excellent solution, as investments in precious metals are a classic for every investor.
  • Tokenized commodities: An impressive list of available tokenized goods (corn, wheat, beans, etc.). Compliance with all Chicago Mercantile Exchange quotations.
  • Tokenized energy assets: A rather bold decision, as tokenized energy assets are mainly dealt with by bold and experienced traders who know how to take risks. However, at the same time, it is an excellent way to earn effectively.

Thus, the development of Tipitek’s trading division is moving in the right direction. And against the backdrop of similar projects that started their activities around the same time as Tipitek, competitive advantages are clearly visible. Expanding the list of instruments is an excellent solution for further advancement, which will help attract new users and increase the opportunities for each active client, offering 6 types of trading accounts.

Tipitek represents a revolutionary milestone in the cryptocurrency industry. The company seamlessly integrates all the essential elements required for convenient and profitable cryptocurrency trading.

Discover the unparalleled advantages, features, and account options that Tipitek offers. This is the first thing that catches the attention of prospective users of any platform. They are interested in the minimum investment amount, fees, availability of leverage, savings accounts, or other perks.

Cryptoves LLP has chosen not to limit Tipitek to one or two types of trading accounts and has provided its clients with a total of six unique account types, each offering new opportunities for users.

What do they offer you?

All six types of client accounts at Tipitek differ in the deposit amount and the set of useful services. The company explains the variety of account types by noting that platform users work not only with cryptocurrencies but also with other digital assets, making it an excellent decision.

MINI Account: A trading account with a minimum deposit of $500 and a minimum investment period of 180 days. Clients get the opportunity to use leverage up to 1:5, receive daily email newsletters, request consultations with the company analyst, and access educational materials.

EASY START Account: A trading account with a minimum deposit of $5,000 and a minimum investment period of 180 days. Clients can use leverage up to 1:5, receive weekly email newsletters, weekly consultations with an analyst, one trading signal per week, and, upon request, get a personal manager and educational materials.

START+ Account: A trading account with a minimum deposit of $25,000 and an investment period starting from 180 days. It offers leverage up to 1:5, daily email newsletters with transaction history analysis, weekly consultations with an analyst, two trading signals per week, two risk-free trades, one built-in robot, and 1.5% interest on savings accounts. A personal manager and educational materials are available upon request.

PRO Account: A trading account with a minimum deposit of $100,000 and a minimum investment period of 90 days. Clients can work with leverage up to 1:10, receive weekly email newsletters, have four consultations per month with the company analyst, full support from a personal manager, up to five trading signals per week, and two built-in trading robots. Educational materials are available upon request, and savings accounts earn 2% interest.

PRO+ Account: Another trading account with a minimum deposit of $500,000 and a minimum investment period of 90 days. It offers leverage up to 1:10, six consultations per month with the company analyst, full support from a personal manager, up to ten trading signals per week, four risk-free trades, and two built-in trading bots. Educational materials can be requested. This account type includes a 2% interest rate on savings accounts.

EXTRA Account: A trading account with a minimum deposit of $1,000,000 and a minimum investment period of 90 days. Clients have unlimited possibilities, including leverage up to 1:20, weekly email newsletters, full support from the company analyst and a personal manager, an unlimited number of trading signals, access to automated trading, and six risk-free trades. Individual educational materials are available upon request, and savings accounts earn 4% interest.

What do they have in common?

All six trading accounts share the absence of commissions from Tipitek’s side and are denominated in cryptocurrency (BTC, USDT). When your deposit reaches the level corresponding to another account type, the opportunity to enjoy the benefits of that higher level opens up.

Tipitek goes beyond simple cryptocurrency exchange; it is the perfect comprehensive solution for traders, investors, and partners. Cryptoves LLP openly declares the advantages of Tipitek, attracting an increasing number of active clients. The new division is already quite popular among traders due to its multifunctionality and modernity.

Briefly about Tipitek: It is a structural division of Cryptoves LLP, whose activities began in 2017, initially specializing in cloud cryptocurrency mining. The company is legally registered in Singapore. The company’s leadership and team work closely together, resulting in rapid development and the creation of the Tipitek trading division with its own platform. Is Tipitek currently at the peak of its development? It’s challenging to say, as Cryptoves LLP has not stopped evolving since its inception.

What makes Tipitek notable? Tipitek offers advanced charts and several types of orders to active platform users. Cryptoves LLP’s management and team emphasize that Tipitek is characterized by:

High Speed and Stability: Users frequently note that transactions can be executed in microseconds, saving them time.

Security: Cryptoves LLP applies only verified and modern tools to ensure customer security, emphasizing that security and customer trust are always their top priorities.

Ability to Implement Trading Strategies: Developers have created a user-friendly interface, allowing both beginners and experienced traders and investors to implement trading strategies. Tipitek also provides a detailed order book overview and a choice of trading pairs.

Mobility: Cryptoves LLP acknowledges the need for traders to work from anywhere in the world at any time. Tipitek Trade is available for all mobile devices.

As we can see, Cryptoves LLP boldly emphasizes the advantages of its new product, as the company has taken into account the most critical aspects: price and time priority, simultaneous use of multiple order types, a dynamic maker-taker fee schedule based on trading volume.

Cryptocurrency platform Tipitek introduces an affiliate program as another way to earn

People interested in digital assets are likely familiar with the functionality, security, reliability, and modernity of Tipitek. It’s worth noting that Cryptoves LLP is rapidly progressing toward its goal, attracting more and more clients, including company founders and professional traders. The news of the affiliate program being introduced is already widely spreading on the Internet, so Tipitek can expect a new wave of interest in the platform.

What sparks interest in Tipitek? Primarily, clients can work not only with cryptocurrencies but also with other digital assets: tokenized stocks, indices, precious metals, commodities, and energy assets. This simplifies the work of traders, saving them time as there is no need to use multiple platforms simultaneously.

Despite the relatively recent emergence of the new division, it is safe to say that Tipitek is already a reliable, stable, and secure means of achieving the goals of traders and investors. Working with Tipitek is genuinely simple and comfortable.

Investors and traders can not only buy and trade digital assets but also store them. The Tipitek security system is at the highest level. Since the launch of Tipitek, Cryptoves LLP’s leadership has repeatedly stated in interviews that the company does not plan to stop here and will continue to develop and improve Tipitek. Based on the events happening in the company, it’s hard to argue with that. Tipitek is ahead in development compared to its peers and even many “veterans.”

How to earn with Tipitek? For Tipitek clients, there are classic ways to earn:

Profit from Trading: The trading platform’s uniqueness is characterized by highly favorable trading conditions, a wide variety of the most liquid financial instruments, the use of trading signals, and trading bots. Analytical and educational materials are also available to Tipitek clients.

Passive Income: This is a savings investment account service with an interest rate significantly exceeding that of banks. Interest payments can be made weekly. Depending on the chosen account type, Tipitek clients can earn up to 48% annually.

What does launching the Tipitek affiliate program give clients? It expands earning opportunities for Tipitek clients. The Tipitek affiliate program is a three-tier referral program that allows you to earn 3-7% of each deposit made by your referrals. To do this, you only need to register and obtain a referral link, which can be posted on social networks, thematic forums, etc.

The affiliate program can also be combined with passive income and trading, significantly increasing your earnings. Thus, joining the affiliate program on the platform is another additional opportunity to earn with Tipitek.

Digital Prime Technologies Launches Tokenet, Redefining Institutional Digital Asset Lending 6697

Digital Prime Technologies, LLC, an innovative provider of digital asset technology solutions for financial institutions, announced today the launch of Tokenet, an institutional digital asset lending platform, which a group of leading firms has already adopted at launch. This groundbreaking platform combines enterprise-grade technology and flexible functionality with industry best practices and expertise expected by traditional financial institutions.

Tokenet creates a reliable ecosystem for users to interact with trusted counterparties, allowing firms to post borrow needs and lending availability, manage collateral, and access a full reporting suite through an enterprise-grade system. The platform also features loan lifecycle management tools with automated mark-to-markets, returns, recalls, and rerates, all managed through its 24/7 chat functionality. Additionally, Tokenet provides customers with risk management tools that allow institutions to mirror traditional finance standards while mitigating operational and counterparty risk. Tokenet will launch with readily available inventory, including market participants’ liquidity.

“Given the current markets and regulatory headwinds, Tokenet’s launch is an important and exciting step towards establishing trust and transparency in digital asset lending. This platform redefines digital asset lending and embraces the regulatory safeguards of traditional finance,” said James Runnels, Co-Founder and CEO of Digital Prime Technologies.

Digital Prime Technologies has partnered with Anchorage Digital, a secure and regulated crypto platform and custodian, to provide custody and settlement services for mutual clients of Anchorage Digital and Tokenet users. Client digital assets are held in segregated, on-chain vaults at Anchorage Digital Bank, with the highest security protocols in the industry.

“Regulated crypto infrastructure is no longer optional—it is a prerequisite for long-term safety and viability in today’s market environment. Digital Prime shares our commitment to building a best-in-class regulatory stack, and we are proud to support their work on Tokenet,” said Diogo Monica, Co-Founder and President at Anchorage Digital.

Tokenet is now operational and supported by prominent market participants in the digital asset space, including Hidden Road Partners, Xapo Bank, EDX Clearing, and DV Chain. This groundbreaking achievement showcases Tokenet’s ability to seamlessly operate within the existing financial ecosystem and unlock new possibilities for a range of market participants.

“The Tokenet platform provides much-needed transparency and loan life cycle tools to the institutional lending space, setting it apart from what is currently available in the market. We’re excited to work alongside other industry leaders to help mature the digital assets ecosystem,” said Seamus Rocca, CEO of Xapo Bank.

“We are thrilled to be an early adopter of Tokenet,” said Tony Acuña-Rohter, CEO of EDX Clearing. “Digital Prime Technologies shares our vision of bringing the best of traditional finance to cryptocurrency markets, and Tokenet is an extension of this critical mission.”

For more information on Digital Prime Technologies and the Tokenet platform please contact James Runnels or Courtney Campbell at Digital Prime Technologies by visiting www.digitalprimetechnologies.com

About Digital Prime Technologies

With an unwavering commitment to best practices and market expertise, Digital Prime Technologies empowers capital market firms to thrive in the dynamic digital asset space. To learn more about Digital Prime Technologies, please visit our website at www.digitalprimetechnologies.com.

About Anchorage Digital

Anchorage Digital is a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions. With the only federally chartered crypto bank in the US, as well as Anchorage Digital Singapore, which offers equivalent security and service standards, Anchorage Digital delivers an unparalleled combination of secure custody, regulatory compliance, and platform capabilities. The company is funded by leading institutions, including Andreessen Horowitz, GIC—Singapore’s sovereign wealth fund, Goldman Sachs, KKR, and Visa, with its most recent Series D valuation over $3 billion. Founded in 2017, Anchorage Digital is headquartered in San Francisco, California, with offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and LinkedIn.

Jurat Launches Layer-1 Mined by Attorneys 6722

A group of attorneys and blockchain engineers are building a new Bitcoin fork blockchain using an emerging legal enforcement protocol that bridges the blockchain to state and federal courts. Called Jurat, the protocol enables capabilities like freezing disputed coins or recovering stolen coins after a hack, all under the auspices of the justice system. The native coin of the new fork is called $JTC.

The primary objectives for the new blockchain are to ensure robust consumer protection for cryptocurrency users and provide on-chain enforcement for legal rights afforded in commercial transactions, property transfers, and the banking system.

The $JTC token is due to be listed on exchanges in the near future. At this time, $JTC mining is open for licensed attorneys in all jurisdictions and may be made available to legacy Bitcoin miners in the future.

Attorneys Line Up To Participate

To start the process for becoming a $JTC miner, attorneys should complete the mining information request form, available on Jurat’s website.

$JTC miners receive $JTC tokens as compensation for supporting the network and helping court rulings to execute on-chain. Mining with Jurat also offers attorneys the chance to become better acquainted with the technology underlying blockchain transactions and participate in a more legally compliant Web3.

Mining by Non-Attorneys

Mining applications for Jurat are currently open to licensed attorneys only. Jurat may expand to include legacy Bitcoin miners in the future.

How to obtain $JTC

$JTC forked at Bitcoin block height 717808, which occurred on January 8, 2022. All addresses that contained $BTC as of that block received $JTC at a 1:1 ratio to their $BTC and can claim the coins using the Jurat Wallet, which is available for Android (Play Store), IOS (App Store), Windows (Jurat.io), and Mac (Mac App Store).

Currently, $JTC cannot be bought on exchanges but will be listed soon. l

Why Does Blockchain Need Jurat?

Jurat was founded by Mike Kanovitz, a partner at Loevy & Loevy in Chicago, USA, who works in Web3 and traditional civil litigation. He conceived of Jurat as a means to provide consumer protection in the crypto space after seeing many clients victimized by fraud and theft.

“Witnessing people lose their hard-earned savings to hackers and phishing scams only to be left with no legal recourse inspired me to create Jurat. “said Mike Kanovitz, Jurat CEO and co-founder.

After creating the protocol and proving that legal rights could be enforced on-chain without sacrificing the benefits of decentralization, Kanovitz recognized that the technology could help make blockchains safer and more usable for mainstream commercial transactions.

“Blockchain technology has the potential to benefit consumers and businesses in countless ways, but the absence of an effective layer for enforcing legal rights prevents it from achieving mainstream adoption,” he said.

The $JTC Bitcoin fork uses Jurat to offer the unique ability to recover digital assets and freeze accounts associated with illicit activities. The protocol can provide legal recourse for users without involving intermediaries or asset custodians while maintaining the full decentralization of the network. There are four steps to the process:

  1. A $JTC user who needs legal recourse because of on-chain crime, a mistaken transaction, or lost private keys can create a Jurat request ID through the Jurat UI. The Jurat ID is a string of characters that specifies the transaction that the claimant wants the court to order. For example, a transaction to send coins from a scammer’s wallet back to the true owner. Armed with the ID, the user can bring the matter to court.
  2. After filing a case, the user provides the ID to the court. If the judge agrees with the lawsuit, they signify this to Jurat blockchain nodes by including the ID in their written opinion and placing it on the court’s public docket.
  3. Once on the public docket, specialized nodes can access the court’s opinion and recognize the Jurat ID. The code informs the nodes that the judge has ruled and what transaction the judge has ordered.
  4. Each miner then verifies the court order, like verifying a private key signature. The process is automatic and does not require any intermediaries.

$JTC has already been used live in court. Recently, a US federal judge considered the cryptocurrency accounts of several sanctioned individuals, including a wallet belonging to North Korean state-sponsored hackers called the Lazarus Group. The court ordered the hackers’ accounts frozen, and the Jurat nodes executed the court orders automatically and seamlessly, preventing the hackers from spending the $JTC in the sanctioned accounts.

Building Legal3 With Jurat

The success of Jurat technology in the case brought against the Lazarus group, and others is an early step in Jurat’s broader goal of introducing a legal base layer for every transaction in Web3.

Jurat will continue to add new attorneys to its mining operation as the $JTC launch date draws closer and encourages all attorneys who have a passion for justice on the blockchain to apply.