Day: August 11, 2021

How Does Ethereum Staking Work?

The launch of the Beacon Chain network in December introduced the first iteration of protocol-level staking for Ethereum investors. Put simply, Ethereum staking is the process of locking up an amount of ETH – the native cryptocurrency of the Ethereum blockchain – for a specified period of time in order to contribute to the security of the blockchain and earn network rewards. People who do this are known as “validators” or “stakers,” and are tasked with processing transactions, storing information and adding blocks to the Beacon Chain – the new…

ICO consults on how organisations can continue to protect people’s personal data when it’s transferred outside of the UK

boss

The Information Commissioner’s Office (ICO) has launched a public consultation on its draft international data transfer agreement (IDTA) and guidance. When organisations send personal information to a country outside the UK, they must ensure people’s data protection rights continue to be protected. An IDTA is a contract that organisations can use when transferring data to countries not covered by adequacy decisions. The IDTA will replace the current standard contractual clauses (SCCs) to take into account the binding judgment of the European Court of Justice in a case commonly known as…