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