Company Name: KnC Group AB
Incorporation year: 2013
Company and Industry in brief: A leading player in the Bitcoin ecosystem focusing on delivering the blockchain power to the world with proprietary ASIC design. The company processes Bitcoin transactions at one of the lowest cost levels in the industry.
Bitcoin is a peer-to-peer payment system based on an open-source software enabling payments without an intermediary. Transactions are verified by Bitcoin miners and recorded in a public ledger called the blockchain. For this service, Bitcoin miners, like KnC, earn Bitcoin currency rewards and transaction fees.