Blockchain technology focused BTCS Inc. has announced the release of an interactive blockchain analysis toolset that will help in improving the public’s perception, and enhancing the knowledge of transaction verification services and other factors that influence the market and business at present.
The Bitcoin firm has put a transaction verification server simulator and also a calculator besides other blockchain network tools in this toolset.
In a statement issued to the media, Charles Allen, Chief Executive Officer of BTCS said that, “by offering a beta simulator and calculator we believe we can offer interested parties a glimpse into how the transaction verification services industry is analyzed and managed, removing some of the mystery which typically surrounds it.”
He further said that the toolset will help in providing the industry participants and other interested stakeholders a way to track and monitor transactions and activity on the blockchain.
Allen also claimed that the toolkit will help the ever-growing market as it will improve the knowledge base. He also mentioned that this enhanced knowledge will help alter the way global industries will conduct secure transactions in the future.
BTCS was earlier in the news when it had announced that it has financed $2.3 million with board’s participation. In a press release, it had informed the public that it sold “7,708,342 units consisting of one share of common stock and 1.4 warrants at a per unit price of $0.30.” It also claimed that these warrants are “exercisable into an aggregate of 10,791,684 shares of common stock at a per share price of $0.375,” presumably its highest share value since inception.
Later the company was again in the news when in the latest SEC filing it informed that it had also incurred a $4.5 million loss .
BTCS is a U.S. public company focused on blockchain technologies and it vouches that it is “an early mover in the blockchain and digital currency ecosystems.”