Blockchain.com is a web-based bitcoin wallet made by a company based in London, England. Read our Blockchain.com review to find out how this platform works.
What Is Blockchain.com?
Blockchain.com is a web-based bitcoin platform that, like other wallets, promises to make using bitcoin safer, easier, and more secure for consumers and businesses worldwide.
The company was founded in August 2011. You can download Blockchain apps for iOS and Android. The company claims to be “the world’s leading software platform for digital assets” and offers “the largest production block chain platform in the world.” Their wallet is used by over 15 million users and processes over 160,000 daily transactions.
In addition to functioning as a basic wallet, Blockchain allows you to buy and sell bitcoin through the app, or view new research on cryptocurrencies.
Blockchain makes many of the same promises as other bitcoin wallets, discussing how it’s simple, safe, secure, and available worldwide. Here are the key advertised features:
Simple: Even someone with limited technical skills can securely store bitcoins and instantly transact with anyone in the world.
Safe & Secure: Blockchain has a security center where you can backup your funds and protect them from unauthorized access.
Buy & Sell: Blockchain works with exchange partners all around the world to make it easy to buy and sell bitcoin in a seamless and secure way.
Sophisticated: Blockchain offers hierarchical deterministic (HD) addresses, dynamic transaction fees, monitoring and spending from watch-only addresses, and other features you expect from a full-featured bitcoin wallet.
Global: Blockchain serves 140 countries and 20+ worldwide currencies, including the JPY, RUB, SGD, USD, CNY, EUR, GBP, and more. It also supports 25+ languages.
Multiple Devices: Blockchain is available for Android and iOS, through their respective app stores.
How Does Blockchain,com Work?
Blockchain’s key service is its bitcoin wallet, available through your mobile device on Android or iOS. That bitcoin wallet provides standard wallet services. You can store digital assets, buy and sell cryptocurrencies, and receive payments to your mobile device.
You are in complete control of your funds, and you’re the only person who has access to your bitcoins. The wallet supports 20+ currency conversions, 25+ languages, and HD address architecture for enhanced customization.
Furthermore, the wallet also allows you to browse bitcoin merchants in your area, import paper wallets, and support client-side encryption and decryption.
With Blockchain, backing up and recovering your wallet is straightforward. All you need is a 12 word recovery phrase.
Blockchain.com Research And Information
Blockchain.com has an extensive section for research and information about the bitcoin community. They also operate the Blockchain.info domain, for example, which publishes the latest blocks, the size of those blocks, and the age of those blocks. You can also search for blocks in the search bar, searching by the address, IP, or SHA hash.
Furthermore, the Blockchain.com research section discusses various initiatives led by Blockchain.com, including internal R&D. The company’s internal R&D, according to the site, is “pioneering advancement in block chain technology”. That technology, which consists of a payment platform called Thunder, “enables users and vendors to send and receive bitcoin without touching the main block chain.”
Another aspect of Blockchain.com’s research can be seen in their Digital Asset Research Lab. That lab is a collaborative project formed in partnership with the Centre for Cryptocurrency Research and Engineering (IC3RE) at Imperial College London.
Blockchain claims to serve 140 countries, process 160,000 daily transactions, and provide 15,000,000+ bitcoin wallets around the world. The company has also raised over $70 million from leading investors in Silicon Valley, Wall Street, and London. Key investors include Virgin, Lightspeed Venture Partners, Digital Currency Group, and GV.
Blockchain raised $30 million in Series A funding in October 2014, led by 9 investors, and a further $40 million in Series B funding in June 2017, led by lead investor Lakestar and 9 other investors. Crunchbase has a detailed breakdown of the company’s investment history.
Blockchain is led by Antony Jenkins (Board Director), Peter Smith (CEO and Co-Founder), Michael Jackson (Board Director), Jeremy Liew (Board Director), and Nic Cary (President And Co-Founder). The team has previously worked at Google, Amazon, PWC, Barclays, Goldman Sachs, NASA, BBC, Apple, and other leading organizations.
Blockchain is registered in Luxembourg. They were founded in 2011.
Blockchain.com is one of the internet’s best-known bitcoin wallets. Formed in 2011, the company has offered popular Android and iOS bitcoin wallets for years. Today, the Luxembourg-registered company also conducts extensive research into the cryptocurrency world.
You can learn more about Blockchain today by visiting Blockchain.com.