For the first time in US history, the SEC has approved a public token offering in which investors will receive tokens instead of shares in the company. Blockchain startup Blockstack launched its $28 million offering under Regulation A+ last week, but whether this will reverse the trend of the declining ICOs remains unanswered. Although the Reg A+ framework has more lenient disclosure obligations than a traditional IPO, it has scared away Nasdaq and the NYSE due to fraud concerns.
Blockstack has a single pending patent application directed to processing a global naming system with blockchains that aims to achieve all three points of Zooko's Triangle: security, human-readability, and decentralization. If granted, this patent would support the startup's goal of creating a scalable platform for dApps.
Since the 2009 Bitcoin whitepaper, crypto currencies have risen in value, enabled decentralized global trade, but also endured market value fluctuation, theft, and use as tender for illegal transactions.
View Patent Forecast®
Top Corporations
News and Insights
Data Visualization
Since the 2009 Bitcoin whitepaper, crypto currencies have risen in value, enabled decentralized global trade, but also endured market value fluctuation, theft, and use as tender for illegal transactions.