Blockchain VC Firm Invests $450k in Mobile Wallet Airbitz
- Block26, a previously unknown VC firm with stated investment interests in blockchain tech, has reportedly invested $450,000 in Airbitz.
Block26, a previously unknown venture capital firm with stated investment interests in Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology, has reportedly invested $450,000 in Airbitz, a mobile bitcoin wallet.
The investment is the first stage of what is claimed to be a larger $1.25 million seed round, which is stated for completion this summer.
Airbitz's platform, available to iOS and Android, aims to be easy to use and secure. Should company servers become inoperational, the company says its wallets can still remain functional on the mobile device.
With the investment, Block26 joins the Airbitz Board of Directors.
Block26's branding itself on blockchain technology is a sign of the times: the technology has taken the spotlight from bitcoin as a currency in showing promise to facilitate decentralized trade and recordkeeping. Blockchain technology-focused firms have been the recipients of increasing flows of investment. It remains to be seen, however, if Block26 will be focusing on the technology or currency moving forward.
Investment in 'traditional' Bitcoin economies, such as wallets and exchanges, appears to be slowing down relative to that in emerging sectors such as sidechains and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term. In most cases, it remains to be seen how each technology will generate ROI for investors, considering that most are free to use and based on open source code.
Block26, a previously unknown venture capital firm with stated investment interests in Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology, has reportedly invested $450,000 in Airbitz, a mobile bitcoin wallet.
The investment is the first stage of what is claimed to be a larger $1.25 million seed round, which is stated for completion this summer.
Airbitz's platform, available to iOS and Android, aims to be easy to use and secure. Should company servers become inoperational, the company says its wallets can still remain functional on the mobile device.
With the investment, Block26 joins the Airbitz Board of Directors.
Block26's branding itself on blockchain technology is a sign of the times: the technology has taken the spotlight from bitcoin as a currency in showing promise to facilitate decentralized trade and recordkeeping. Blockchain technology-focused firms have been the recipients of increasing flows of investment. It remains to be seen, however, if Block26 will be focusing on the technology or currency moving forward.
Investment in 'traditional' Bitcoin economies, such as wallets and exchanges, appears to be slowing down relative to that in emerging sectors such as sidechains and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term. In most cases, it remains to be seen how each technology will generate ROI for investors, considering that most are free to use and based on open source code.