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Blockchain technology

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Blockchain is a technology that is used to store and transmit information about transactions on the Internet. This information is arranged in the form of consecutive data blocks. One block contains information about a certain number of transactions, then after it is saturated, another block of data is created, and so on. Blockchain is the technology behind Bitcoin, the first cryptocurrency. Without blockchain, the development of subsequent digital currencies, called cryptocurrencies, would not be possible.

What can a blockchain contain?

Information on different types of transactions, e.g. trading, buying or selling currencies, including cryptocurrencies, can be sent on it. It is important that this technology is based on a peer-to-peer network without central computers, systems managing and verifying transactions. At the moment blockchain can be used to handle various transactions, e.g. trading, and it is interesting to note that work is underway to use blockchain for digital signatures in government.

Venture capitals for blockchain

Venture capital for blockchain works to support and invest in distributed ledger technology (DLT) projects that advance the industry and provide a positive social impact. Blockchain projects are often characterised by complex technology documentation. It’s worth checking if someone has already invested in the project before you and what their experience is with the team. Finding a promising project in the seed phase is extremely risky. VC interest and capital investment reached an all-time high literally a few years ago. This has all led to the rise of blockchain VC firms. With blockchain and cryptocurrencies making such a serious comeback, it is also important to highlight the institutions that are driving this change, namely – venture capitals for blockchain. VC funds are no longer limited to huge corporations with a valuation of $1 billion or more, according to VC firms.

What are the tasks of VC for blockchain companies?

Blockchain is one of the most trusted brands in the crypto industry. Firms invest in capital and token projects and provide them with legal, security, technical and financial support from a cadre of skilled employees, partners and advisors. Many companies are also using blockchain to improve resource sharing and application integration. Their interest oscillates around cryptocurrency exchange technology, as well as blockchain-based media distribution such as Livepeer.


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