Head of Strategy Committee, The Bitfury Group Board of Directors
Blockchain is to Banks <=> TCP/IP is to Telcos
Jun 11, 2016
We have all seen this before.
If you think about it, at its very core, a bank is essentially a leveraged ledger of ‘who owns what, when’, with built-in time delays to allow transactions to be ‘authenticated’ (aka ‘clearing’) whereby the bank captures deposits, makes interest during and after the time delay, and can charge relatively hefty fees to cover massive overhead to complete transactions.
All of the above is covered in a big regulatory wet blanket forcing all the subsystems to work together so the aggregate system can be ‘trusted’. Layers of ‘balance sheet backup’ allow massive hacks to occur, even at the central bank level, and still be absorbed by the system. With opaque heft, the system is ‘trusted’ in aggregate.
The BitFury Group Releases Blockchain Video at SALT Conference
May 12, 2016
The CEO of the Bitfury Group, Valery Vavilov, addressed the SALT Conference in Las Vegas, Nevada about the importance of the Blockchain, and released a video that explains its ease of use, security and limitless possibilities.
CEO and Co-Founder
The BitFury Group Announces Expansion to Full Service Digital Asset Technology Company
Apr 29, 2016
I co-founded The BitFury Group in 2011 because I deeply believe in the transformational power and potential of the groundbreaking technology of the Blockchain. Over the past few years our company has focused its energies on providing the hardware solutions that allow users all over the world to transfer assets securely and quickly on the Blockchain. I am proud of our hard work, tenacity, dedication and passion for doing good work — it has propelled us to became one of the largest Blockchain transaction processing companies and Blockchain security providers in the world. Thanks to our great success, I am thrilled to announce that we are now expanding our company to include software. We are not at all abandoning our efforts to secure the blockchain (often referred to as mining.)
CEO and Co-Founder
The Missing Piece of the Internet is Here: 5 Fundamental Facts Everyone Needs to Know About The Bitcoin Blockchain
Mar 10, 2016
I am the co-founder and CEO of the world’s leading Blockchain technology company — The BitFury Group. Everywhere I go — from the World Economic Forum in Davos, Switzerland, to meetings with top public policy influencers — I am asked to explain what Bitcoin is, what the Blockchain is, what the Bitcoin Blockchain is and — most importantly — why it matters. I am thrilled that more people want to know about the Bitcoin Blockchain and I am even more excited to educate and inform inquiring minds. This technology is changing the world and it’s just the beginning.
Here are a few fundamental facts everyone needs to know about the Bitcoin Blockchain:
A Call for Consensus
Feb 11, 2016
Over the past few months there has been significant attention within the bitcoin ecosystem and beyond on what is commonly referred to as the “block size issue” — the size and scale of bitcoin blocks. There is a pressing need for an inclusive roadmap that takes into account the needs of businesses and all stakeholders.