Arlington, VA – (Marketwired – March 17, 2016) – BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a blockchain engineering scientific discipline focused society which secures the blockchain through its transaction verification services business, is launching a airplane pilot computer programme to receive securing Ethereum’s blockchain.
Disclaimer: This is a press release. BAN is non affiliated alongside this describe of piece of occupation solid as well as is non responsible for its products and/or services.
Ethereum is a digital currency as well as blockchain platform focused on smart contract applications. Like bitcoin-based blockchain technologies, the decentralized network of Ethereum enables transactions without downtime, censorship, fraud, or third-party interference. Since early on February, the value of Ether, the digital token or fuel that powers the Ethereum network, inwards USD terms, has grown at a 500% annual increment charge per unit of measurement alongside the full value of all Ether, or marketplace cap of Ether, surpassing $1 billion.
“As the start U.S. publicly-traded blockchain-focused society nosotros desire to render our investors diversified exposure to digital currencies as well as blockchain technologies,” stated Charles Allen, CEO of BTCS. “Given the recent success of Ethereum as well as the growing involvement from major players inwards tech as well as finance, nosotros believe it’s an ideal fourth dimension to launch a airplane pilot program. With the capacity expansion nosotros completed at our North Carolina facility inwards 2015, we’re well-positioned to scale operations when necessary, fifty-fifty every bit nosotros conk on to ramp our electrical current bitcoin-focused transaction verification operations.”
Ethereum has garnered growing back upward since its launch inwards 2014, including projects alongside Microsoft as well as IBM. The recent launch of the start production release, Homestead, is laid to brand Ethereum a blockchain engineering scientific discipline that volition live on integral to hereafter smart contract based products.
Commenting on the launch of Ehereum’s start production release, Andrew Keys, co-founder of decentralized application evolution describe of piece of occupation solid ConsenSys Enterprise, told CoinDesk, “Homestead’s arrival volition receive to demonstrate the adjacent generation of blockchain technology, whereby anything nosotros tin dream of, tin live on accomplished inwards a decentralized mode using Ethereum.”
“Like many others, we’re excited for the prospects of Ethereum,” continued Allen. “While Ethereum is focused on smart contracts, it’s of import to notation that in that location are currently numerous companies working on solutions to educate smart contracts on bitcoin’s blockchain, leveraging the deep safety provided past times its to a greater extent than established as well as secure blockchain.”
In add-on to the airplane pilot program, BTCS has secured a Ethereum-mining hosting contract. The contract uses about 50 kilowatts of the Company’s iii megawatt capacity.
To come across a recent interview alongside our CEO Charles Allen, delight click below:
