“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.”
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.