BTCS Reports Addition of Algorand to its Blockchain Infrastructure Operations

Jan 13, 2022 By MarketDepth

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BTCS Inc. (NASDAQ: BTCS) reported addition of Algorand to its infrastructure staking operations.  Algorand features assets development, atomic swaps and smart contract execution.  BTCS earns revenue by being awarded with additional tokens.  The company has deployed a script to compound its rewards daily.  

“More than 500 global organizations leverage Algorand’s technology – from university partners (MIT, UC Berkeley, Peking University), to ecosystem players (Orion Protocol, Chainalysis, Hummingbot), to key stakeholders (Union Square Ventures, Cumberland Advisors), to government enterprises (Marshall Islands). Given this, we believe ALGO is a great addition to our blockchain infrastructure efforts.”

Michal Handerhan, Chief Operating Officer of BTCS

“The ALGO Foundation proposed a roadmap going out as far as 2030 focusing on ecosystem support, community incentives and decentralized governance. We look forward to monitoring its developments over the years,” said Mr. Handerhan.