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History of the former employee of Google Nadir Al-Nadzhi drew attention as quite recently large investors allocated to his young company 133 million dollars. Probably, the company is very perspective and if to understand more deeply Al-Nadzhi's ideas, it will become known that this is true. His company is called Basis, and it works on cryptocurrency which we will be able to apply to payment.

So left that the bitcoin and many other cryptocurrencies are rather good for speculation today, than for use as currency. The cost of currency can change sharply literally for an hour, and it causes huge inconveniences both to sellers, and buyers. For this reason Al-Nadzhi and his friends Lawrence Diao and Josh Chen had an idea to use a blockchain as a form of monetary regulation.

We will wait for emergence of realization of the idea which received so good financing. Basis expects that their technology first of all will help developing countries with undeveloped financial infrastructure.

The idea was so good that Al-Nadzhi left Google to devote all the time to Basis. At first he planned to develop the company own means, but became interested in him Google Ventures, Bain Capital Ventures, Lightspeed Venture Partners and Andreessen Horowitz. Al-Nadzhi and his companions agreed to accept investments which made 133 million dollars.

So, Basis works on stable cryptocurrency which cost will be regulated by means of an algorithm. It is the best of all to use such currency for shopping, and the blockchain can cope better with regulation, than the government.

Interest in cryptocurrency led to the fact that Al-Nadzhi went to courses of monetary history in Princeton. After completion of training it went to work to Google, but in operating time it was not released by the idea of creation of own cryptocurrency. In what does its feature have to be? It should not fluctuate strongly in cost.

The history Basis begins in the Princeton hostel where Al-Nadzhi studied information technologies. Together with the friend, having learned that free electricity is provided to inhabitants of the dormitory, they decided to be engaged in production of bitcoins.

& #171; If you built a farm for 1000 dollars in 2013, investments beat off approximately for мес¤ц» - Al-Nadzhi in an interview for Business Insider told. By means of the powerful computer with two video cards it in 6 months could get 22 bitcoins.