Bitcoin mining company Bitfury just released blockchain software Exonum

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

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