nChain the Blockchain R&D specialist that was recently sold to an equity fund, has wasted no time in picking up the pace and has recruited Jon Matonis, a widely recognised and respected Bitcoin researcher.

In this position, Matonis will support nChain’s business growth by developing commercial relationships, and evaluating opportunities for strategic investments and acquisitions.

Arthur Davis, Director of nChain Holdings Limited, comments: “Jon was immediately attractive to nChain. During his notable career, he has consistently led the integration of financial services and cryptography. Jon’s philosophy for the Bitcoin protocol and network is fully in line with nChain’s vision of on-chain scalability with decentralisation, advanced native scripting for the construction of smart contracts, and a dedicated move away from monolithic software.”

In accepting the new management team position, Matonis comments: “The resources and funding in place at nChain provide a unique opportunity to reshape the existing landscape of Bitcoin protocol influencers. It is imperative that we move towards a status quo where the actual protocol standard is separated from its primary reference implementation, similar to the existing architecture of the Linux kernel and its low-level abstraction layer.”

Bitcoin itself has been on the rise and rise and hit another all-time high today…The Establishment must be getting very twitchy as their puppy Bitcoin Core has failed to derail progress and the ship sails on picking up fans along the way.