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BTCS Adds Tezos Staking To Its Blockchain Infrastructure

Silver Spring, MD, Aug. 11, 2021 (GLOBE NEWSWIRE) BTCS, a blockchain technology focused company, announced it has added Tezos (“XTZ”) to its blockchain infrastructure operations.

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BTCS Adds Tezos Staking

Silver Spring, MD, Aug. 11, 2021 (GLOBE NEWSWIRE) — BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a blockchain technology focused company, announced it has added Tezos (“XTZ”) to its blockchain infrastructure operations.

Founded in 2014, XTZ is a decentralized blockchain designed for smart contracts and decentralized applications (“DApps”). XTZ has a $2.75 billion market cap making it the number 45th ranked cryptocurrency. It raised $232 million in 2017 in what was considered one of the largest offerings at the time.

XTZ’s governance mechanism allows users to vote through a Liquid Proof-of-Stake (“LPoS”) consensus mechanism called “baking”. Users either become bakers or delegate XTZ, the native token of Tezos, to other bakers to earn newly-minted XTZ rewards from the protocol.

To get started, BTCS has deployed its own XTZ baker nodes. There are over 400 bakers currently securing the network, and 135 projects building on XTZ, ranging from dApps to Decentralized Finance (“DeFi”) to Non-Fungible Tokens (“NFTs”).

“As a fully-decentralized project, the compilation of independent developer team visions can prove unique. We intend to include Tezos in our Staking-as-a-Service platform.” – stated Charles Allen, Chief Executive Officer of BTCS

About BTCS:

BTCS is an early mover in the blockchain and digital currency ecosystem, and the first “Pure Play” U.S. publicly traded company focused on blockchain infrastructure and technology.

Through its blockchain infrastructure operations, the Company secures Proof-of-Stake blockchains by actively processing and validating blockchain transactions and is rewarded with native digital tokens.

The Company is developing a proprietary Staking-as-a-Service platform to allow users to stake and delegate supported cryptocurrencies through a non-custodial platform.

The Company is also developing a proprietary digital asset data analytics platform that allows users to consolidate their crypto trades from multiple exchanges onto a single platform, enabling users to view and analyze their performance, risk metrics, and potential tax implications.

The Company employs a digital asset treasury strategy with a primary focus on disruptive non-security protocol layer assets. For more information visit: www.btcs.com.

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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