Cryptocurrencies work without a central bank or single administrator and they use peer-to-peer networks
that allow transactions to take place between users directly, without an
intermediary.
Blockchain technology is
widely considered to be the most valuable technical breakthrough for decades. Companies
around the world are heavily investing in blockchain technology to improve
efficiency, security and transparency of records, transactions and processes.
As a group of investors,
tech entrepreneurs and venture capitalists, we recognized the huge potential of
blockchain and crytopcurrencies many years ago. We have seen the cryptocurrency
market grow exponentially and with a current market cap of over $500Bn, it now cannot
be ignored by even the staunchest critics.
We believe that
cryptocurrencies, and the blockchain technology that powers them offer the
biggest growth opportunity on earth right now. The levels of investment are
increasing rapidly, and new applications are being found for this game-changing
technology.