BTCS to Launch Pilot Program Securing Ethereum Blockchain
BTCS Inc., a company which secures blockchains through its transaction verification services business, has announced it will be launching a pilot program to begin securing Ethereum’s blockchain. Ethereum has grown since its launch in 2014, especially over the past six months. Recently it launched its first production release, Homestead, which is progressing Ethereum’s goal of being a provider of future smart contract based products.
Charles Allen, CEO of BTCS, stated: “As the first U.S. publicly-traded blockchain-focused company we want to provide our investors diversified exposure to digital currencies and blockchain technologies. Given the recent success of Ethereum and the growing interest from major players in tech and finance, we believe it’s an ideal time to launch a pilot program. With the capacity expansion we completed at our North Carolina facility in 2015, we’re well-positioned to scale operations when necessary, even as we continue to ramp our current bitcoin-focused transaction verification operations.”
In addition to this pilot program, BTCS has secured a Ethereum-mining hosting contract. The contract uses approximately 50 kilowatts of the Company’s 3 megawatt capacity. BTCS have provided a virtual reality tour of its facility that includes drone footage of the operation.