BitFury CEO Valery Vavilov On Increasing The Size Of Bitcoin “Blocks”


Earlier today in Davos, where afternoon temperatures reached a balmy 20 degrees (and evening temps have dropped to limb-numbing f-f-five degrees Fahrenheit), CEO Valery Vavilov of the bitcoin infrastructure provider and transaction processing company BitFury swung by our temporary  studio.

Among those topics addressed with senior editor Matt Burns: What BitFury does exactly, why the venture-backed company is supporting a somewhat controversial proposal within the bitcoin community to increase bitcoin bandwidth from the current one megabyte “block” to two megabytes (Vavilov thinks it will increase the scalability of the bitcoin blockchain), and those cases where bitcoin is likely to become very useful. (For one thing, says Vavilov, think property rights registration.)

You can check out the entirety of the chat here:

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