BitFury Whitepaper – Blockchain and Digital Assets
How effective will the usage of blockchain technology for digital assets be? BItFury discusses it in its whitepaper. The use of Bitcoin blockchain has been widely discussed among the community for a while now. Innovations in the Bitcoin sector have shown that the digital currency’s underlying technology can be used for applications beyond the digital currency. This realization led to the evolution of Bitcoin to Bitcoin 2.0. It is already a known fact that the blockchain technology is being used by the banking and financial sector to facilitate fund transfer and develop trade settlement....
Related News
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....
Bitfury just announced a white paper, in collaboration with Olaoluwa Osuntokun and others from the Lightning Network team, proposing a new algorithmic solution to Lightning Network’s routing problem. A hybrid routing algorithm is proposed which, according to a press release, ensures that “routes can be found as quickly as possible.” According to the whitepaper the algorithm uses a “proactive update of the node’s routing table,” and a “reactive collection of information based on a routing request,” allowing for connections between any payment channel. The whitepaper states that the hybrid....
In 2018, Bitfury raised $80 million from investors like Michael Novogratz’s Galaxy Digital at a $1 billion valuation. Bitfury, one of the world’s largest companies in the blockchain industry, is mulling a potential initial public offering, or IPO, as part of the company’s global growth plans, the company’s CEO confirmed to Cointelegraph.“As Bitfury and its portfolio of companies continue their global expansion in the digital assets space, Bitfury will be considering an IPO as part of its broader expansion and growth plans,” Bitfury co-founder and CEO Valery Vavilov said.According to the....
Leading Bitcoin Blockchain infrastructure provider and transaction processing company, BitFury, has recently released a white paper entitled “Digital Assets on Public Blockchains”. The paper demonstrates methods of storing and transferring digital assets securely on the bitcoin-secured public blockchain. Blockchain infrastructure enables digital asset management. During the process of drafting its white paper, the BitFury group discovered blockchain infrastructure can be utilized for digital asset management that would allow the global economy to store purely digital assets and control....
BitFury Capital has announced an undisclosed strategic investment in digital currency merchant processor GoCoin. The move marks the third investment for BitFury Capital, the venture capital arm of bitcoin mining hardware and services provider BitFury. As part of the deal, BitFury indicated that it will seek to use GoCoin as the default processor for its global vendors. In an interview, GoCoin CEO Steve Beauregard framed the investment as one that would also add new business-to-business (B2B) clients to his company's existing customer base. Beauregard told CoinDesk: "The goal is to bring....