BITCOIN SERVICES I COM USD0.001(OTCMKTS:BTSC) has been on a steady rise over the past week as Bitcoin has skyrocketed to well over $7,000 a coin. The move on Bitcoin comes after the CME Group, the world’s largest futures exchange announced it intends to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods.
BTSC has transformed in recent months into one of the top most traded OTC stocks on the entire exchange. Earlier this year the Company said it began mining Monero in the 1st quarter of 2017. Monero is currently one of the top digital currencies that has exploded over $150 a token after they got listed in South Korea.
BITCOIN SERVICES I COM USD0.001(OTCMKTS:BTSC) is focused on bitcoin mining as well as blockchain software development.The market for these services and products is worldwide, and sold and marketed on the Internet. The company has created a new subsidiary Crypto Capital Corp that will develop a new Crypto currency wallet that lets users safely store multiple digital currencies in one wallet.
BTSC is focused on bitcoin mining which is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. The speed at which you mine Bitcoins is measured in hashes per second. The Bitcoin network compensates Bitcoin miners for their effort by releasing bitcoin to those who contribute the needed computational power. This comes in the form of both newly issued bitcoins and from the transaction fees included in the transactions validated when mining bitcoins.
Bitcoin is the new digital currency based on the blockchain technology that has taken the internet by storm and continues to make fantastic new highs. Smart Investors know this is just the beginning and Bitcoin is one of the most important advances in recent years.
The Company is also involved in Blockchain Software Developement which provides a tamper-proof data structure, providing a shared public ledger open to all. The mathematics involved are impressive, and the use of specialized hardware to construct this vast chain of cryptographic data renders it practically impossible to replicate.
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All confirmed transactions are embedded in the bitcoin blockchain. Use of SHA-256 cryptography ensures the integrity of the blockchain applications – all transactions must be signed using a private key or seed, which prevents third parties from tampering with it. Transactions are confirmed by the network within 10 minutes or so and this process is handled by bitcoin miners. Mining is used to confirm transactions through a shared consensus system, and usually requires several independent confirmations for the transaction to go through. This process guarantees random distribution and makes tampering very difficult.
BTSC offers the bitcoin escrow service whcih acts as a neutral third party between buyer and seller when doing business online. An escrow service is specially needed when making payments, buying things online, doing bitcoin exchanges on forums and similar. Since bitcoin transactions are irreversible many use escrow services. An escrow service provides safer transactions by holding buyer’s coins in escrow which are released after both parties are satisfied. Some services also offer dispute resolution/mediation within escrow service. An escrow service protects seller and buyer.
On August 10 BTSC announced it launched a new corporate website bitcoinservicescorp.com. The company is also pleased to announce their earnings on August 14, 2017. Bitcoin Services Inc began the mining of Dash in the 1st quarter of 17. Dash is Digital Cash You Can Spend Anywhere. Dash can be used to make instant, private payments online or in-store using our secure open-source platform hosted by thousands of users around the world. In addition, Bitcoin Services Inc. has created a new subsidiary Crypto Capital Corp (cryptocapitalcorp.com) that will develop a new Crypto currency wallet. The wallet will let users safely store multiple digital currencies in one wallet. Bitcoin Services Inc. would also like to congratulate all Bitcoin users for reaching a historic all-time high on August of 2017.
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Currently trading at a $47 million market valuation BTSC has few assets or revenues and rising debt. But BTSC is an exciting story developing in small caps that is focused on bitcoin mining as well as blockchain software development and the Company recently announced they are mining Dash as well as Monero. As the cryptocurrency markets continues to ride high BTSC should continue to attract new Investors. We will be updating on BTSC on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with BTSC.
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Disclosure: we hold no position in BTSC either long or short and we have not been compensated for this article.