Jurat Launches Layer-1 Mined by Attorneys
November 8, 2023 | by b1og.net
Jurat, a group of attorneys and blockchain engineers, has launched a new Bitcoin fork blockchain called “Layer-1 Mined by Attorneys.” This innovative blockchain utilizes a legal enforcement protocol that connects the blockchain to state and federal courts. Its primary objectives are to provide robust consumer protection for cryptocurrency users and on-chain enforcement of legal rights in commercial transactions, property transfers, and the banking system. Jurat’s native coin, $JTC, will soon be listed on exchanges, and the mining process is currently open to licensed attorneys. By participating in Jurat mining, attorneys not only support the network but also gain a deeper understanding of blockchain technology and participate in a more legally compliant Web3.
Attorneys Line Up To Participate
If you’re an attorney interested in being part of a groundbreaking blockchain project, then you’re in luck. Jurat, a new Bitcoin fork blockchain, is looking for attorneys to participate in its network as miners. This unique opportunity allows attorneys to contribute to the development of the blockchain while also earning rewards in the form of $JTC tokens.
To get started, all you need to do is complete the mining information request form found on Jurat’s website. By doing so, you’ll be taking the first step toward becoming a $JTC miner and supporting the network. In addition to the potential financial benefits, mining with Jurat also provides attorneys with valuable insights into the technology behind blockchain transactions and allows them to participate in a more legally compliant Web3.
Mining by Non-Attorneys
While the current mining applications for Jurat are open exclusively to licensed attorneys, there may be opportunities for non-attorneys, such as legacy Bitcoin miners, to participate in the future. This expansion of mining opportunities will allow a wider range of individuals to contribute to the blockchain and support its growth.
How to obtain $JTC
If you’re interested in obtaining $JTC, the native token of the Jurat blockchain, there are a few steps you need to follow. $JTC was forked from Bitcoin at block height 717808, which occurred on January 8, 2022. If you had BTC in your wallet at that block, you automatically received $JTC at a 1:1 ratio.
To claim your $JTC coins, you can use the Jurat Wallet, which is available for Android, iOS, Windows, and Mac. Simply download the Jurat Wallet from the respective app stores or visit Jurat’s website for the Windows and Mac versions. Keep in mind that $JTC is not currently available for purchase on exchanges, but it will be listed in the near future.
Why Does Blockchain Need Jurat?
Jurat was created to address the need for consumer protection in the cryptocurrency space. Many individuals have fallen victim to fraud and theft, losing their hard-earned savings with little to no legal recourse. Jurat aims to bridge the gap between the justice system and the blockchain by providing a protocol that enables the enforcement of legal rights on-chain.
Through the use of Jurat, blockchain technology can become safer and more accessible for mainstream commercial transactions. It allows for the recovery of stolen digital assets and the freezing of accounts associated with illicit activities, all without the need for intermediaries or asset custodians. By enforcing legal rights on-chain, Jurat maintains the decentralization of the network while providing users with the protection they deserve.
The Process of Using Jurat
Using Jurat involves a four-step process that allows users to seek legal recourse and have their claims recognized by the court. Here’s how it works:
A user who needs legal recourse creates a Jurat request ID through the Jurat UI. This ID specifies the transaction the user wants the court to order, such as returning coins from a scammer’s wallet to the rightful owner.
The user files a case and 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.
Jurat nodes can access the court’s opinion and recognize the Jurat ID. This information informs the nodes of the judge’s ruling and the specific transaction ordered by the court.
Each miner verifies the court order, similar to verifying a private key signature. This process is automatic and doesn’t require intermediaries.
By following this process, Jurat ensures that court orders are executed on-chain, providing users with the legal protection they need without compromising the decentralization of the network.
Recent Use of $JTC in Court
The effectiveness of Jurat technology has already been demonstrated in a real-world case. A US federal judge recently considered the cryptocurrency accounts of several sanctioned individuals, including a wallet belonging to the Lazarus Group, a North Korean state-sponsored hacking group. The court ordered the freezing of the hackers’ accounts and, thanks to Jurat, the nodes executed the court orders automatically, preventing the hackers from accessing the frozen $JTC.
This successful use of Jurat in a court setting showcases the potential for blockchain technology to provide efficient and secure legal recourse. As Jurat continues to evolve, it aims to become a foundational layer for all transactions in Web3 and further promote the adoption of blockchain technology in mainstream commercial transactions.
Building Legal3 With Jurat
The achievements of Jurat in enforcing legal rights on-chain are just the beginning. The team behind Jurat is working toward a larger goal of building a legal base layer for every transaction in Web3. By incorporating legal enforcement protocols into the blockchain, Jurat aims to enhance consumer protection, ensure compliance with legal rights, and create a more secure and usable environment for cryptocurrency users and businesses.
To achieve this vision, Jurat is actively seeking new attorneys to join its mining operation. By becoming a $JTC miner, attorneys can contribute to the development of the blockchain while also gaining valuable insights into the intersection of law and blockchain technology. If you’re an attorney passionate about justice in the blockchain space, consider applying to become a Jurat miner and be part of this groundbreaking project.
Join the Jurat Communities
To stay updated on the latest news and developments from Jurat, join their Telegram and Discord communities. These platforms provide a space for discussion, collaboration, and knowledge-sharing among like-minded individuals interested in the intersection of law and blockchain technology. By joining these communities, you can connect with fellow miners, developers, and enthusiasts and be part of the ongoing conversation surrounding Jurat and its mission.
Jurat is a Bitcoin fork blockchain that aims to bridge the gap between the justice system and the blockchain. It provides a protocol that enables legal rights to be enforced on-chain, offering consumer protection and on-chain enforcement for commercial transactions, property transfers, and the banking system. The native coin of the Jurat blockchain is $JTC, which can be obtained through mining or claimed if you held BTC at a specific block height. Jurat is actively seeking attorneys to participate in its mining operation and contribute to the growth of the blockchain.
This article is a friendly and informative overview of Jurat, its features, and the opportunities it offers to attorneys and blockchain enthusiasts. Readers should conduct their own due diligence before taking any actions related to Jurat or any of its affiliates or services. Bitcoin.com is not responsible for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content, goods, or services mentioned in this article.