BTCS launches Ethereum blockchain pilot project to ensure Ethereum blockchain security

Marketwire reported on March 17 that BTCS announced the launch of a pilot project for Ethereum blockchain security protection. BTCS is a blockchain technology company that ensures blockchain security through transaction verification services.

Ethereum is a digital currency and blockchain platform focused on smart contract applications. Like the blockchain technology based on Bitcoin, Ethereum's decentralized blockchain technology makes transactions free from the trouble of downtime and censorship, and can also avoid fraud and third-party interference. Since the beginning of February, the value of Ethereum's digital token, Ether, has grown at an annual rate of 500%, and the total market value of Ether has now exceeded $1 billion.

Charles Allen, CEO of BTCS, said:

“As the first publicly traded blockchain company in the U.S., we hope to provide investors with a diversified portfolio of digital currencies and blockchain technology. Given the recent success of Ethereum, which has attracted many players from the technology and financial sectors, we believe this is the perfect time to launch this pilot program.”

Charles Allen

Since its launch in 2014, Ethereum has gained growing support, including from Microsoft and IBM. Ethereum recently launched its first production version, Homestead, which is essential for the development of future smart contract products.

Commenting on Homestead, Andrew Keys, co-founder of ConsenSys, said:

“Homestead shows us the next generation of blockchain technology, that anything we can imagine can be achieved using decentralized Ethereum.”

Allen also said:

“Like others, we are also very optimistic about the development prospects of Ethereum. Although Ethereum has always focused on smart contracts, it is important to note that many companies are now exploring solutions to build smart contracts on the Bitcoin blockchain, which is more mature and secure and can provide higher security.”

In addition to the pilot project, BTCS is also securing a contract for Ethereum mining hosts that will use 50 kilowatts of the company’s 3 megawatts of mining capacity.

Original article: http://www.newsbtc.com/2016/03/17/btcs-launches-ethereum-pilot-program/
Author: Gola Yashu
Compiled by: Kyle
Source (translation): 8btc Information (http://www.8btc.com/btcs-launches-ethereum-pilot-program)