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A Wedding on the Blockchain — Bitfury’s Alex & Daria

A Wedding on the Blockchain — Bitfury’s Alex & Daria

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Jun 18, 2018

When Alex Shevchenko proposed to his fiancé, Daria, they decided to confirm their marriage in a different way than most couples — on the Bitcoin Blockchain. “That’s the way we can save it forever,” he said. By attaching their marriage certificate to a small amount of bitcoin (a few satoshi) and sending it as a transaction, Alex and Daria were able to enshrine their marriage onto the Bitcoin Blockchain.

Now, no matter what happens to their paper document or government database, they will be able to go to Blockchain.info and view their marriage certificate from any corner of the world.

As Blockchain Changes The World, Bitfury’s New Platform Exonum is About to Change Blockchain

As Blockchain Changes The World, Bitfury’s New Platform Exonum is About to Change Blockchain

Valery Vavilov, CEO and Co-Founder


Jul 17, 2017

When we started The Bitfury Group back in 2011, we were a small group of tech-savvy enthusiasts with a dream. Today we are over 250 employees strong — breaking new ground every day in Blockchain software, hardware and security. Fundamentally, what drives our work is our deep commitment to the belief that Blockchain technology can make the world a better, easier and less challenging place for millions of people, businesses, governments and institutions and finally make systems work for people. The Bitfury Group began as a bitcoin security company, mining Bitcoin and validating transactions. We learned quickly that Blockchain technology offered boundless potential to transform data security and integrity, processes and systems. As more and more governments, businesses and institution explore their need for these critical solutions, we know we are the company that can deliver — and Exonum is the answer.

Bitfury’s team of elite best-in-class spent mathematicians, scientists, developers and analysts spent almost two years researching Blockchain platforms, deeply analyzing and modeling different Blockchain concepts with the clear goal of creating a platform that offers high-load security and efficiency.

Today, we are proud to announce the culmination of our hard work — our Blockchain platform, Exonum.

Happy Birthday Bitfury!

Happy Birthday Bitfury!

Valery Vavilov, CEO and Co-Founder


Feb 17, 2017

When we started our adventure back in 2011, we were just a group of tech-savvy enthusiasts — we had a dream, and we were working in our R&D “garage” phase. On February 17th, 2012, the name “Bitfury” was officially born. So, on this day, we celebrate the birth of our dream.

Back then, few people had really heard of Bitcoin and Blockchain, very few saw the global potential of this breakthrough technology and our focus was based almost exclusively on processing and securing Public (Bitcoin) Blockchain transactions.

Now, just five lightning-fast years later, our dreams are coming to life, and we are the world’s leading full-service Blockchain company.

Bitfury Releases Research on Key Blockchain Properties

Bitfury Releases Research on Key Blockchain Properties

Valery Vavilov, CEO and Co-Founder


Nov 29, 2016

In 2011, Blockchain technology was still just beginning to change the world. I remember being blown away by the power of this technology even when it was being used exclusively by individuals who were just beginning to build the ecosystem. Just five short years later, Blockchain technology is grabbing the attention of major companies, governments, NGOs and individuals all over the world, testing the limits of the world’s imagination. It is being posited as the solution to supply chain logistics, bank settlements, micropayments, capital financing, voting, medical records and more every day. I’m excited about these developments, and I’m proud of the work The Bitfury Group is doing to help make these solutions reality. In all the excitement about Blockchain technology, however, the essential technical qualities of a secure Blockchain may be getting slightly lost by some.

The Importance of Security in Blockchain

The Importance of Security in Blockchain

Valery Vavilov, CEO and Co-Founder


Jun 24, 2016

The enthusiastic rush towards a new future of value exchange through a Blockchain-based system is understandable and should be applauded. It is this drive toward innovation that makes the Blockchain ecosystem so exciting, so ground-breaking and so inspiring to me and my Bitfury Group team every day.
It is also important that we take our time as we advance additional Blockchain systems and applications in the coming years. We must come together to ensure that, like the Bitcoin Blockchain, the #1 most important priority is and always will be security. This is especially important given the increased frequency of major transformational political and economic events happening around the world like the recent Brexit vote.

The Bitfury Group: Shaping the Future of Blockchain – Our Vision from Necker Island

The Bitfury Group: Shaping the Future of Blockchain – Our Vision from Necker Island

VALERY VAVILOV, CEO and Co-Founder


Jun 17, 2016

When I co-founded The Bitfury Group in 2011, I imagined creating a company focused on ensuring the Blockchain could be used for good and change the world for better – for everyone.

A few days ago The Bitfury Group hosted the Second Annual Blockchain Summit on Sir Richard Branson’s Necker Island and in this magical space, I saw first-hand that these dreams are entirely possible and coming to life before our very eyes.

Blockchain is to Banks <=> TCP/IP is to Telcos

Blockchain is to Banks <=> TCP/IP is to Telcos

Bill Tai, Head of Strategy Committee, The Bitfury Group Board of Directors


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

The BitFury Group Releases Blockchain Video at SALT Conference

BitFury,


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.

The BitFury Group Announces Expansion to Full Service Digital Asset Technology Company

The BitFury Group Announces Expansion to Full Service Digital Asset Technology Company

Valery Vavilov, CEO and Co-Founder


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.)

The Missing Piece of the Internet is Here: 5 Fundamental Facts Everyone Needs to Know About The Bitcoin Blockchain

The Missing Piece of the Internet is Here: 5 Fundamental Facts Everyone Needs to Know About The Bitcoin Blockchain

Valery Vavilov, CEO and Co-Founder


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:

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