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....
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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....
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....
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