$40+ Million invested into blockchain by tech giants
The cryptocurrency service Blockchain has raised more than $40 million dollars in investment fundraising from the likes of Virgin, Google, Lakestsar venture capital, Mosaic Venture Partners, Lightspeed Venture Partners, and Prudence Holdings. These high profile investments comes at the time when Bitcoin (BTC) to US Dollar (USD) is close to its new peak of about $3000, which was achieved recently!
At a time when the software is enriched with faster transactions and lower transaction fees from the potential implementation of Segwit and the lightning network - the increasing interest in Bitcoin and the urgency to implement these blockchain reforms on Bitcoin network presents lots of opportunities to the company. According to the company, the fresh round of investment will go towards expansion of manpower and research and development. Going by Blockchain CEO Peter Smith’s statement, the company will soon have more offices established across different parts of the world.
A lot of people tend to get too caught up in the negative hype that many news outlets report on. Being a software developer I can say one thing with absolute confidence, the fact that bitcoin has encountered these 'issues' and not rushed into put a sticky plaster on these high fees and performance degradation in transaction processing is actually a good thing. In my career I've witnessed so many of my clients panic and quickly implement some shitty designed sticky plaster on software which in the long run won't scale. When encountering these issues, it's important to actually continue as normal despite all the noise, and to take time in implementing something that not only is economically sound but will last for 'enough' time. The reality is, the more bitcoin is used and the more demand there is around the world, the more frequently these issues will be seen again, this is the nature of technology. Once you solve one problem, 2 more come about, and then people (the consumer) simply want more.
The bottom line is that Bitcoin is not just about the technology, it is a movement, and I believe we'll see a lot more of these investments closer to the time when a solution is about to be finalised. Even if all goes down the drain, something even better will come out of this, remember there are over 1000 alt coins out there.
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Hope there is a lot more to come than that. Great article, you got my upvote save. If you are interested in science and investing in it, feel free to check out my articles too.
Let's get wealthy together
Best
Alex
Thanks ! Sure I'll have a look now !
More content about to come ;)
I feel scared if Google tries to buy too many bit coins from us.
1 company's is nothing vs the whole cryptocurrency community - plus I am pretty sure the likes of google and virgin want Bitcoin to succeed
nice post i saw you'r struggling to get upvotes on your posts same thing happening with me there is away we both can get come upvotes i just strating follow you and i upvote you'r every new post u can follow me now and upvote my posts this way we can help each other let me know if you'r in follow me and have a nice day
Sure sounds good! I followed you :)
This is all new to me but I upvoted and followed. A reciprocation would be appreciated! Thanks.
Hey! Thanks so much, if you have any questions let me know. Some of my future posts will be about cryptography and cryptocurrency, but will be tailoring for the masses so that everyone can learn and benefit!
Nicely put. A movement yes but bordering on a revolution!
Well amen to that :)