Blockchain Capital Raises $580M Across Two Funds

Bloomberg Technology published this video item, entitled “Blockchain Capital Raises $580M Across Two Funds” – below is their description.

Crypto-focused Blockchain Capital has raised $580 million across two new funds, one of the biggest raises for the asset class this year and the largest-ever for the venture firm in its 10-year history. Spencer Bogart, Blockchain Capital General Partner joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.”

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In This Story: Blockchain

A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the accuracy and security of a record of data and generates trust without the need for a trusted third party.

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