Key facts
- Ault Blockchain is developing a new Layer-1 network.
- The network aims to facilitate digital settlement, tokenized assets, and decentralized trading.
- The initiative is a response to "debanking" issues and disruptions in traditional banking services.
- The platform will be EVM-compatible and designed with compliance at its core.
- Governance will utilize a Wyoming DAO LLC structure with identified participants.
- Token distribution will be tied to network mining and activity, not a public sale.
Ault Blockchain has unveiled the motivation behind its forthcoming Layer-1 network, citing significant banking challenges as a primary influence. The network is intended to support digital settlement, tokenized assets, and decentralized trading, aiming to lessen dependence on traditional financial institutions.
The project emerges amidst ongoing discussions in the U.S. regarding banking services for cryptocurrency-related businesses, particularly addressing the "debanking" issue where firms operating within regulatory frameworks lose access to banking. Ault Blockchain's network is designed to offer a resilient platform that can continue operating irrespective of banking partnerships, addressing past disruptions experienced by companies under Todd Ault's leadership, such as an inability to access funds during the COVID-19 period.
The platform will feature an Ethereum Virtual Machine (EVM) compatible design, focusing on tokenized real-world assets and other financial applications. Compliance is a central tenet, with governance structured through a Wyoming DAO LLC, requiring participant identification and imposing restrictions to prevent centralized control.
Unlike many blockchain projects, Ault Blockchain does not plan a public token sale. Instead, tokens will be distributed over the long term, linked to mining node participation and measurable network activity. The project's unique background stems from a publicly listed corporate group involved in Bitcoin mining, AI hardware, and data centers, underscoring its focus on creating compliant business infrastructure independent of traditional banking relationships.