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Existing U.S. laws and regulations governing blockchain technology are minimal; however, authorities are working to align the need for regulation with the desire to pursue advancement.
We have developed a treatise that provides a comprehensive overview of federal, state, and select international laws governing blockchain technology. Where laws or regulations do not exist, this treatise aims to provide thoughtful analysis of how existing U.S. laws and regulations may apply to the intersection of blockchain technology and a variety of practice areas.
The broad range of topics covered in this treatise illustrates the need for legal practitioners to become acquainted with the technology, to understand how it may be governed by existing laws and regulations, and to become a participant in creating and supporting laws that protect individuals while also giving the technology enough space to encourage innovation throughout the entire blockchain ecosystem.
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While the Ethereum network has provided a development space for smart contracts, Piet gives users a more in-depth look at the smart contract architecture and dependencies, and helps to analyze the code and to generate source code documentation.
Piet, at its core, gives users a detailed view of the inheritance structure of smart contracts. This allows users to view a selected contract’s state variables, functions, modifiers, and events. Additionally, while offering support for Solidity source files and Truffle build files, Piet can interact with the blockchain directly, à la RPCs or IN3, using an injected web3 object as an interaction point.
Overall, Piet provides developers with helpful visual and interactive services that make it easier to view and document smart contracts, their references, and source code.
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Voting in a governance system was a major development for the blockchain space, but unlike the space itself, there’s often very little nuance when it comes to how votes are weighed. Generally, Ethereum blockchain voting tools balance an individual’s voting influence based on their held Ether. However, Opinionator considers how users actually use a blockchain.
The Opinionator weighs votes based on four main groups: holders, users, developers, and miners. This allows those proposing votes to view and consider Ether balances, the amount of gas spent, the amount of gas spent using contracts deployed by the voter, and the accumulated difficulty of every block mined by the voting address, respectively. The Opinionator works to highlight these groups of voters, adding subtlety to a governance system for a community that is more than what they hold.
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For the first time in the internet’s history, trust can be a public good shared by everyone and owned by no one. Control of your digital data. Security. Transparency. Convenience. And most importantly, trust. These are just some of the ways blockchain technology will change the world – and your everyday life – for the better.
On October 8, 2020, the United States Attorney General’s Cyber-Digital Task Force published a paper that provides the DOJ’s most comprehensive view to date of both legitimate and illicit cryptocurrency activities. It focuses largely on virtual assets, enforcement milestones, and a road map for increased scrutiny of cryptocurrencies.
IN3 applications can now be written in Rust. What is in this release? - Well-documented API support for Ethereum, Bitcoin, and IPFS. - Customizable storage, transport, and signing. - All of IN3’s verification capabilities with examples and much more!
Establishing a secure connection to the blockchain on a small loT device isn’t easy, but that’s why we built IN3 (in-cubed), a stateless client that can run with zero storage (except for the code and optional cache). IN3 operates without a single point of failure and is able to verify all data. In the same way a light client uses full nodes to fetch data to verify, IN3 relies on a set of distributed full nodes – and anybody can run and register such a node in the registry contract. But unlike the light client, IN3 doesn't constantly sync within the p2p network; it only sends requests as needed.
We are excited to share the first productive release of IN3 (Incubed) with the Ethereum community! The stable, mainnet-ready client has been a project in the making for some time. Blockchains, and our development arm, slock.it, is happy to reach this milestone in the software’s development.
Carson City, Nevada, was busy this month as Governor Sisolak signed four blockchain bills into law. SB 161, SB 162, SB 163, and SB 164 create a sophisticated and light-touch regulatory environment for individuals and the Nevada emerging technology ecosystem to leverage.
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