Bitcoin mining giant Bitfury is now in the enterprise blockchain business


Bitcoin mining company Bitfury just released blockchain software Exonum Enterprise to help corporations more efficiently build their own private blockchain projects.

Founded in 2011, the Amsterdam-headquartered company established its brand name by selling bitcoin miners, which allow enterprise clients to run on either cloud-computing servers or traditional on-premise servers. In 2017, the company launched an open-source piece of software called Exonum, which lets anyone design and run permissioned blockchains similar to Bitcoin at zero cost. Bitfury’s hardware and software solutions attracted wide interest from investors. In November 2018, It secured a private placement investment of $80 million led by Paris-based venture capital firm Korelya Capital, bringing its total raised to $170 million.

Bitfury’s new product is the enterprise version of Exonum and targets big corporations and governmental agencies. According to Bitfury’s press release, Exonum Enterprise can process up to 5,000 transactions per second. Clients can use the framework to launch blockchain projects in as little as five minutes and use its full-service dashboard to track blockchain deployments.

“Blockchain is unparalleled in its ability to streamline operations, but its premier benefit to our world is its transparency and security,” said Bitfury CEO Valery Vavilov. “The Exonum Enterprise platform will further the adoption of blockchain, helping make our institutions more trusted and in turn improving the lives of people all around the world.”

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

5 Steps to a Successful Crypto AML Program

As cryptocurrencies become increasingly mainstream, regulators, the media and policymakers are paying more attention to the financial crime risks associated with them. But what are the biggest compliance challenges crypto firms face, and what does a best practice AML program look like? 
Read Full Story
Sponsored Post

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC