Published On: Fri, Nov 21st, 2014

Big Entrepreneurs Place Huge Bets on Bitcoin

Bitcoin 101

Big guys who have worked for LinkedIn, Sun Microsystems and Yahoo have contributed $21 million to Blockstream. The platform uses the internet to expand the use of bitcoin to the average consumer.

Reid Hoffman, founder of LinkedIn and funder of Blockstream, said, “this is extremely difficult to corrupt, ” according to cryptocoins news. However, he and the other tech investors in the site admit it is a “leap of faith.”

The site was invented by Adam Back, a cryptography expert in Malta. He is considered to be one of the high-profile figures in the development of bitcoin. The currency is seen as a safe haven for those who want to avoid regulation. Let’s see how it goes.

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