Ault Blockchain Founder Vows Alternative System After Personal Banking Incident

Todd Ault says the debanking of his family motivated him to create a high-performance Layer 1 blockchain aimed at eliminating arbitrary gatekeeping.

Summary

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Terms & Concepts
  • Layer 1 blockchain: The base-level blockchain architecture that processes transactions and secures the network without relying on other chains.
  • Gatekeeping: Restrictive control by an entity that determines who has access to certain services or opportunities.
  • Debanking: The act of removing an individual's or organization's access to banking services.