However, we can resume what is Blockchain and Bitcoin to understand which is market placement of BTCS Inc.
Blockchain is a distributed (there are many nodes on the base of network) public (all transactions are publicly available) ledger. It enables to impact and redefine all industries that require record keeping or trust,so not only impact on digital currencies.
Bitcoin is the first digital currency, rather is the first decentralized digital currency based on a distributed public ledger that is called Blockchain. Bitcoin is the mother of Blockchain.
BTCS is focused on digital currencies, private investment and overall bitcoin mining.
During 2016 the company attends some ICO for example CONOMI, Golem and LISK.
It has also supported by some active investors as Goldman Sachs, Visa, BNP PARIBAS, Citi, Nasdaq and more.
BTCS during the last years has specialized in Bitcoin mining through the lease of 83,000 square foot and it has invested in installing solar panels. The main company income is Btc mining; so we can introduce what is the meaning of mining: in blockchain systems there are a multiple number of nodes/blocks and every block has to be unlock to allow all the transactions and to create new bitcoin. Therefore the primary purpose of mining is to allow Bitcoin nodes to reach a secure consensus, but mining is the mechanism used to introduce bitcoin into the system, the Miners (who unlocks the nodes) are paid in transaction fees.
Nevertheless, BTCS has launched an e-commerce marketplace that accepting bitcoin, lite coin and dogecoin and other but it is in a beta version and it has over 250 active retailers. To conclude the company has also a beta bitcoin wallet project.
Anyway, BTCS is one of the first public company specialized in Bitcoin and Blockchain technology and it can be one of the most important company in the future. If you don't already know.. the future will be based on Blockchain technology and the mother of all: the Bitcoin.
