BitFury CEO: “There Is One Blockchain. The Bitcoin Blockchain.”
The co-founder and CEO of prominent bitcoin miner BitFury, Valery Vavilov, has penned an impassioned blog to highlight the merits of bitcoin and the bitcoin blockchain at a time when infighting within the bitcoin community is making all the headlines. The executive has also opined that there is the only blockchain that matters, with its immutability, the bitcoin blockchain. The co-founder of the best-funded miner in the industry revealed his thoughts in a recent blog that aims to educate certain fundamental facts about the Bitcoin Blockchain. Taking ‘Bitcoin’ and ‘Blockchain’ apart....
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In April 2016, the Republic of Georgia’s National Agency of Public Registry (NAPR), renowned Peruvian economist Hernando De Soto, and Bitcoin company Bitfury announced a partnership to design and pilot a blockchain land-titling project. Now, Bitfury and NAPR have signed a new Memorandum of Understanding (MOU) to expand the blockchain solutions developed by the project to other government departments. “There is a great deal of unrest around the world due to broken and friction-filled systems, and governments, institutions and businesses are looking for better solutions that can serve the....
Ernst & Young (EY), one of the “big four” services firms in the world has entered an agreement with The Bitfury Group, best known for its stature as a major bitcoin mining firm. A report from CNBC reveals the agreement will see The Bitfury Group provide blockchain software services to EY and its client network. The agreement comes soon after Bitfury made a splash at a recent EY Startup Challenge competition. Proposing a blockchain solution for digital rights management, The Bitfury Group won the accolade for the “Best Pitch” in the competition, where the bitcoin-centric firm sought to....
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What makes a blockchain a blockchain? The Bitfury Group is now weighing in with its definition of one of the more often-debated words in the FinTech sector. As part of its recent shift toward enterprise blockchain services and consulting, Bitfury's latest research paper, entitled 'On Blockchain Accountability', takes aim at this argument, aiming to parse out the underlying innovations that make bitcoin's blockchain a "blockchain", and by extension, the features that may be necessary to label code releases as such. According to the paper, blockchain is best defined as the union of....
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