Crypto markets have gotten more and more financialized, and hashrate-backed contracts will not be new. What’s distinctive about Blockstream’s observe is its length. Most contracts lock within the hashprice for as much as 12 months, James Macedonio, Blockstream’s SVP world head of mining gross sales and enterprise improvement, mentioned. BMN2, an EU-compliant safety token, provides publicity to the bitcoin hashrate over a 48-month interval.
