BTCS Inc, formerly know a the Bitcoin Shop, today released a beta suite of interactive tools to improve the public’s understanding of bitcoin mining and the variety of factors that can impact market and business conditions.
The BTCS toolset includes a transaction verification server simulator and calculator, as well as various blockchain network tools.
When using the description “bitcoin transaction verification services”, BTCS is in effect referring to its bitcoin mining offerings.
BTCS CEO Charles Allen added:
By offering a beta simulator and calculator we believe we can offer interested parties a glimpse into how the transaction verification services industry is analyzed and managed, removing some of the mystery which typically surrounds it. Overall, this toolset provides industry participants and other interested stakeholders another choice to track and monitor transactions and activity on the blockchain, aiming to improve the knowledge base of this growing market that we believe will alter how myriad global industries conduct secure transactions.
OTC traded BTCS also has a bitcoin e-commerce platform, the Bitcoin Shop, but appears to be ambitious about building or acquiring a mining operation. In June, the company and Israeli mining hardware firm Spondoolies-Tech announced plans to go ahead with a merger.