"Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone."
-Bitcoin: A Peer-to-Peer Electronic Cash System, Satoshi Nakamoto (2008)
Signature Capital (est. 2015) is a Web3 investment firm specializing in native digital assets. From Bitcoin, the first altcoins before Ethereum, to non-fungible tokens of today our experience spans nearly the entire history of Blockchain. We are excited to accelerate the internet back to a more creative, raw, and chaotic place akin to the early 2000s or late 90s - and also believe this is the biggest financial paradigm shift since the Dollar was taken off the Gold Standard in 1971.
We come from traditional venture capital backgrounds in TMT and hard tech (semiconductors, ev), with roots in Greater China and California. Our strategy is long term, platform agnostic, and typically early-medium stage.
Contact: info@signature.capital
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signaturecapit