BTCS Grows Blockchain Infrastructure Solutions Segment with

Next-generation Proof-of-Stake validation is extra energy-efficient and environmentally pleasant than conventional resource-intensive crypto mining

Silver Spring, MD, June 15, 2021 (GLOBE NEWSWIRE) — BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a blockchain expertise centered firm, at the moment introduced the growth of its blockchain infrastructure section with the launch of a brand new staking operation on Cardano, a decentralized third-generation proof-of-stake (PoS) blockchain launched by ethereum co-founder Charles Hoskinson.

“Recent value volatility within the digital asset house, which we take into account immaterial to long-term use circumstances, has offered large alternative to develop our revenue-generating staking operations,” acknowledged Charles Allen, CEO of BTCS. “Based on an in depth analysis of key traits and metrics, we chosen Cardano as the following addition to our staking program. We imagine that Cardano’s blockchain high quality, income potential, and technical problem present an amazing alternative, and with current in addition to deliberate capabilities, we imagine its token (ADA) is undervalued relative to its peer group.”

BTCS has deployed its personal Cardano pool and pledged roughly 258,000 Cardano tokens (ADA). Staking is the environmentally-friendly expertise used to course of and validate digital asset transactions on Cardano, Kusama, Tezos, Ethereum 2.0, and different next-generation blockchains.

While it shares traits and functions with different blockchain platforms, Cardano distinguishes itself by a dedication to peer-reviewed scientific analysis as constructing blocks for updates to its platform. One of Cardano’s functions is identification administration, used to streamline and simplify processes that require the gathering of information from a number of sources, and traceability, used to trace and audit a product’s manufacturing processes from provenance to completed items, addressing the problem of counterfeit items. The Cardano platform additionally has a objective of offering banking providers to the world’s unbanked inhabitants, an estimated market of 1.7 billion people in response to The World Bank.

“Cardano has a leg up on many different altcoins as a result of it lays out use circumstances throughout schooling, retail, agriculture, authorities, finance, and healthcare,” added Michal Handerhan, COO of BTCS. “Cardano’s plain power rests in its give attention to blockchain-based identification and traceability administration options and making a believable decentralized monetary system for the growing world as a substitute of making an attempt to focus on your complete smart-contract market.”

“Given that Cardano’s crew has actual firepower on board to make the objectives a actuality, and have a number of foundations crammed with gifted folks doing the legwork, Cardano has an actual shot at adoption in key markets,” continued BTCS CEO Charles Allen. “Cardano represents a big alternative for funding ought to its monetary ecosystem start to take maintain throughout the markets it’s searching for to impression.”

About BTCS:

BTCS is an early mover within the blockchain and digital forex ecosystems and the primary “Pure Play” U.S. publicly traded firm centered on blockchain infrastructure and expertise. The Company by its blockchain infrastructure operation secures ethereum’s and cardano’s proof-of-stake blockchains by actively processing and validating blockchain transactions and is rewarded with digital property. The Company is growing a proprietary staking-as-a-service platform to permit customers to stake and delegate supported cryptocurrencies by a non-custodial platform. The Company can be growing a proprietary digital asset knowledge analytics platform that permits customers to consolidate their crypto trades from a number of exchanges onto a single platform, enabling customers to view and analyze their efficiency, danger metrics, and potential tax implications. The Company employs a digital asset treasury technique with a major give attention to disruptive non-security protocol layer property equivalent to bitcoin and ethereum. For extra data go to: www.btcs.com.

Forward-Looking Statements:

Certain statements on this press launch, represent “forward-looking statements” throughout the that means of the federal securities legal guidelines together with statements relating to our perception relating to the immaterial have an effect on of latest volatility of costs within the digital asset house, the alternatives to develop our income staking operations, our beliefs relating to Cardano’s high quality, income potential and technical problem, and our perception relating to the worth of the Cardano ADA token in comparison with its peer group. Words equivalent to “could,” “may,” “will,” “ought to,” “imagine,” “count on,” “anticipate,” “estimate,” “proceed,” “predict,” “forecast,” “undertaking,” “plan,” “intend” or related expressions, or statements relating to intent, perception, or present expectations, are forward-looking statements. While the Company believes these forward-looking statements are cheap, undue reliance shouldn’t be positioned on any such forward-looking statements, that are primarily based on data out there to us on the date of this launch. These forward-looking statements are primarily based upon present estimates and assumptions and are topic to numerous dangers and uncertainties, together with with out limitation the rewards and prices related with validating transactions on proof-of-stake blockchains, lack of acceptance and adoption of the Cardano ADA token available in the market, failure of the Cardano ADA token to have any impression, loss or theft of the personal withdrawal keys, in addition to dangers set forth within the Company’s filings with the Securities and Exchange Commission together with its Form 10-Okay for the yr ended December 31, 2020. Thus, precise outcomes could possibly be materially totally different. The Company expressly disclaims any obligation to replace or alter statements whether or not on account of new data, future occasions or in any other case, besides as required by regulation.

Investor Relations:
Dave Gentry
RedChip Companies, Inc.
Phone: (407) 491-4498
[email protected]

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