Jurat Launches Layer-1 Mined by Attorneys

Jurat Launches Layer-1 Mined by Attorneys

In a groundbreaking development, Jurat has launched a new Bitcoin fork blockchain called “Layer-1 Mined by Attorneys.” This innovative protocol, created by a group of attorneys and blockchain engineers, aims to bridge the gap between the justice system and the blockchain by offering capabilities like freezing disputed coins or recovering stolen coins after a hack. The native coin of this new fork is called $JTC and is set to be listed on exchanges soon. The primary objectives of Jurat’s blockchain are to provide robust consumer protection for cryptocurrency users and on-chain enforcement for legal rights in commercial transactions, property transfers, and the banking system. Attorneys are being encouraged to become $JTC miners, not only to support the network but also to gain a deeper understanding of blockchain technology and participate in a more legally compliant Web3.

▶ [Kucoin] Transaction fee 0% discount CODE◀

Attorneys Line Up To Participate

If you’re an attorney interested in getting involved in the exciting world of blockchain technology, Jurat offers an incredible opportunity for you. By completing the mining information request form on Jurat’s website, you can begin the process of becoming a $JTC miner.

But what’s in it for you? Well, as a $JTC miner, you’ll receive compensation in the form of $JTC tokens. These tokens are given as compensation for supporting the network and helping court rulings to execute on-chain. In addition to the financial benefits, mining with Jurat also provides a unique chance to better understand the underlying technology of blockchain transactions and participate in a more legally compliant Web3.

Mining by Non-Attorneys

Currently, mining applications for Jurat are open to licensed attorneys only. However, there is a possibility that Jurat may expand to include legacy Bitcoin miners in the future. This potential expansion would allow more individuals to participate in the mining process and contribute to the growth and development of the blockchain.

▶ [Kucoin] Transaction fee 0% discount CODE◀

How to obtain $JTC

$JTC tokens were forked at Bitcoin block height 717808, which occurred on January 8, 2022. If you had any BTC in your wallet at that block height, you automatically received $JTC tokens at a 1:1 ratio to your BTC holdings. To claim your $JTC tokens, you can use the Jurat Wallet, which is available for Android, iOS, Windows, and Mac devices. The Jurat Wallet allows you to securely manage and access your $JTC tokens.

While $JTC is not currently available for purchase on exchanges, it will be listed soon. So, stay tuned for updates on when and where you can trade your $JTC tokens.

Why Does Blockchain Need Jurat?

Jurat was founded with a mission to provide consumer protection in the crypto space and enforce legal rights on-chain. The lack of an effective layer for enforcing legal rights has been a significant barrier to blockchain adoption and limits its potential to benefit consumers and businesses.

By leveraging Jurat’s protocol, blockchains can now offer the unique ability to recover digital assets and freeze accounts associated with illicit activities. This enforcement of legal rights can be achieved without involving intermediaries or asset custodians, while still maintaining the full decentralization of the network.

Jurat’s four-step process for legal recourse is simple and effective:

1. A $JTC user creates a Jurat request ID, specifying the transaction they want the court to order. This could be for on-chain crime, a mistaken transaction, or lost private keys.
2. After filing a case, the user provides the Jurat ID to the court. If the judge agrees with the lawsuit, they include the ID in their written opinion and place it on the court’s public docket.
3. Specialized nodes can access the court’s opinion and recognize the Jurat ID. The nodes are then informed of the judge’s ruling and the transaction that has been ordered.
4. Each miner verifies the court order automatically, without the need for intermediaries. This ensures the execution of the court order on the blockchain.

This innovative approach has already seen success in court, with Jurat being used to freeze the accounts of sanctioned individuals. In one instance, Jurat nodes executed court orders automatically, preventing North Korean state-sponsored hackers from spending the $JTC in their sanctioned accounts.

Building Legal3 With Jurat

Jurat’s success in court and its ability to enforce legal rights on-chain are just the beginning. Jurat aims to introduce a legal base layer for every transaction in Web3, bringing robust consumer protection to the world of blockchain.

To achieve this vision, Jurat continues to recruit more attorneys for its mining operation. As the launch of $JTC draws closer, they are encouraging all attorneys with a passion for justice in the blockchain to apply and join their mining network.

If you want to stay up-to-date with the latest Jurat news and connect with other members of the community, be sure to join the Jurat communities on Telegram and Discord.

Conclusion

Jurat’s launch of a layer-1 blockchain mined by attorneys is revolutionizing the way legal rights are enforced in the blockchain space. By bridging the gap between the blockchain and state and federal courts, Jurat offers a unique solution for ensuring robust consumer protection and on-chain enforcement of legal rights.

Attorneys are lining up to participate in Jurat’s mining operation, where they can earn compensation in the form of $JTC tokens and gain a deeper understanding of blockchain technology. While mining applications are currently open to licensed attorneys only, there is the possibility of future expansion to include legacy Bitcoin miners.

$JTC tokens can be obtained by claiming them using the Jurat Wallet, which is available across various platforms. The upcoming listing of $JTC on exchanges will make it easier for users to trade and engage with the token.

With Jurat’s success in court and its mission to build a legal base layer for Web3, the future looks promising for blockchain technology and the protection of legal rights. By joining Jurat’s mining network and participating in their communities, you can be at the forefront of this exciting transformation.

So, attorneys, it’s time to take the leap and be a part of Jurat’s groundbreaking initiative. Your expertise and contribution can help shape the future of blockchain technology and make it safer and more usable for everyone.

▶ [Kucoin] Transaction fee 0% discount CODE◀