Bitfury Launches Framework for Custom Blockchain Solutions Anchored to Bitcoin | Finance Magnates

Bitfury Launches Framework for Custom Blockchain Solutions Anchored to Bitcoin | Finance Magnates

Bitcoin mining giant and blockchain transactions processing company BitFury Group has announced today the launch of its open source Enterprise-Grade Blockchain framework, Exonum.

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With Exonum, any company, institution or government can build their own cryptocurrency, store/exchange digitized assets, or code smart-contracts that interact with many other entities. BitFury says that Exonum-based smart contracts also have the highest performance in terms of transaction processing, able to handle up to 3,000 transactions per second with an unprecedented 2.5 seconds of clearing time and up to 15,000 transactions per second in custom situations.

Valery Vavilov, CEO, BitFury

“We have seen interest and enthusiasm for Blockchain solutions grow every day as businesses, governments and institutions look for the easiest and most secure way to take their next step. Exonum is the next step to Blockchain, offering robust and unparalleled Blockchain capabilities for asset management and security,” said Valery Vavilov, CEO of The Bitfury Group.

“We have spent almost two years working to create our Exonum Blockchain platform, deeply analyzing and modeling different Blockchain concepts. Exonum is the direct result of extensive research and testing by our elite team of best-in-class mathematicians, scientists, developers and analysts coming together to create this inimitable platform. Respecting the open and collaborative nature of the Blockchain and Bitcoin communities, we elected to make this software available to anyone developing Blockchain-based applications, helping more organizations, governments and businesses benefit from the incredible potential of Blockchain.”

Original Source: http://www.financemagnates.com/cryptocurrency/innovation/bitfury-launches-framework-custom-blockchain-solutions-anchored-bitcoin/