SEC Chairman Jay Clayton has confirmed that the SEC believes that if a token is ‘sufficiently decentralized’, it can no longer be seen as a security. This controversial ‘Hinman Test’ is subject to great debate. In this article, I explain how such a test might be approached. Emphasis is given to the influence of the issuer on the governance of a blockchain protocol.
Software development based on collaborative enhancement of source code has existed informally since the 1980s (and even before). This collaboration could easily be considered the main driver of many online products and services we use every day. Although I have a broad understanding of open-source and in specific software licensing, I am…
The SEC has warned celebrities not to advertise ICO’s. The advertisement of ICO’s may be a violation of anti-touting provisions, make the person liable for potential violations of the anti-fraud provisions, for participating in the promotion of an unregistered offer and sale of securities and make the person liable for acting as an unregistered broker.
I hear the question often: “what is Ethereum?”. This complete guide explain’s Ethereum’s potential, tokens, smart contracts, decentralised applications and intial coin offerings.
The term ‘blockchain technology’ is increasingly used to refer to the synthesis of three distinct technologies: peer-to-peer technology, the blockchain and consensus mechanisms. In this post, the author seeks to explain these components and how they make secure distributed ledgers possible.