BTCS Inc. Launches Pilot Program to Secure Ethereum's Blockchain

BTCS Inc. (OTCQB:BTCS) is a blockchain technology focused company that secures the blockchain through its transaction verification services business. The company is launching a pilot program to begin securing Ethereum’s blockchain.
According to the press release:

Ethereum is a digital currency and 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 February, the value of Ether, the digital token or fuel that powers the Ethereum network, in USD terms, has grown at a 500% annual growth rate with the total value of all Ether, or market cap of Ether, surpassing $1 billion.
“As the first U.S. publicly-traded blockchain-focused company we want to provide our investors diversified exposure to digital currencies and blockchain technologies,” stated Charles Allen, CEO of BTCS. “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.”
Ethereum has garnered growing support since its launch in 2014, including projects with Microsoft and IBM. The recent launch of the first production release, Homestead, is set to make Ethereum a blockchain technology that will be integral to future smart contract based products.

Click here to read the full press release.