DoubleZero's SEC Boost Clears Way for Token Launch, Enhancing Blockchain Communication
DoubleZero, a blockchain communication accelerator, has received a boost from the SEC. The commission issued a no-action letter, clearing the way for the launch of its token. The letter characterizes the tokens as rewards, not securities.
DoubleZero's network is extensive, spanning 25 global locations with over 70 high-speed fiber links. This design aims to minimize latency and enhance data transmission speed. The network's founder, Austin Federa, identified the need for such infrastructure due to the public internet's limitations in supporting distributed consensus protocols.
The protocol has now launched its mainnet-beta, accompanied by its native utility token. This launch follows the SEC's decision, which could signal a shift in regulatory stance towards blockchain infrastructure projects. The commission's move may encourage further development of decentralized networks.
DoubleZero's token launch proceeds following the SEC's no-action letter, removing potential legal hurdles. The protocol's extensive, high-speed network aims to improve blockchain communication. The SEC's decision may foster growth in blockchain infrastructure projects.
Read also:
- Development of Restaurant Apps: Expenses and Essential Elements
- European transportation's sustainability and competitiveness rely on a "green industrial agreement" that serves the interests of both corporations and residents, as discussed in an Editorial from August 2024.
- Germany's Auto Production Plunges 29% as Production Shifts East
- Karyn Coates Named ASI's Executive Director for LogoMall, Affiliate Relations, and Membership Information
