[2017-05-06] CME Explores Cryptocurrency Derivatives Contracts in Patent Filing

[bbc.reporter]

What will this mean for proof of work? I speculate it will become bigger than ever with derivatives for altcoin miners also made and listed in the CME. The proof of stake supporters should wait more because proof of work or cryptocoin mining will not die and is becoming its own industry.



The firm is already known to be looking, at least conceptually, at the idea of derivatives contracts for bitcoin miners. As previously reported by CoinDesk, the proposed derivatives would enable miners to more effectively hedge against the ever-increasing difficulty of mining (the energy-intensive process by which new transactions are added to the blockchain), as well as the declining value of their mining hardware.

Read the full article http://www.coindesk.com/cme-explores-cryptocurrency-derivatives-contracts-in-patent-filing/