“I am thrilled to join the board of 21, a real leader in the advance of the bitcoin expertise and ecosystem. “Bitcoin could be the internet’s next great protocol. With the blockchain’s distributed ledger and micro-transaction capabilities, it has the potential to develop into an enabling technology that expands properly beyond digital payments. “I’ve known the individuals behind 21 for a while now and have been lucky enough to have invested in their prior efforts. What they’re doing now might finally be as massive as Artisan/ARM was for the semiconductor industry. “Between Vinod Khosla’s expertise with Sun and my background with Square and Paypal, we all know a bit about chips and payments. “We are excited to be 21’s lead investor in China and look forward to working with them across the complete Asia Pacific area. We believe 21’s embedded mining chip will play a vital function in the Internet of Things, and that it is prone to be the know-how that will drive rapid adoption of bitcoin. “21’s chip and structure represent an essential next step in securing the future of the public, synchronized international ledger that is the blockchain. We believe that massively distributed embedded mining is the bitcoin that Satoshi intended – decentralized and globally accessible. We’ve known the staff since the inception of the company, and we’re confident that they will achieve this purpose! “The 21 chip adds a complete new dimension to bitcoin’s potential utility. At first we shall be struck by the presence of a expertise like embedded mining; finally we could also be struck by its absence.
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