News
BTCS Inc. Launches ChainQ: An AI-Powered Blockchain
Silver Spring, MD, July 10, 2024 (GLOBE NEWSWIRE) — BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology company, is proud to announce the launch of ChainQ, its pioneering blockchain analytics platform designed to revolutionize the exploration and understanding of select blockchain data. ChainQ represents a significant step forward in simplifying the access, query and analysis of blockchain data, providing users with unprecedented accessibility and insights.
ChainQ leverages indexed data from BTCS blockchain infrastructure operations to provide access to otherwise difficult-to-access public blockchain data, similar to Bloomberg for financial research or Westlaw for legal research. Unlike traditional blockchain explorers that offer cumbersome navigation and lack features like natural language queries and customizable searches, ChainQ simplifies and accelerates data exploration through its AI-powered platform.
“ChainQ symbolizes our commitment to innovation in the blockchain space,” said Charles Allen, CEO of BTCS. “We are excited to introduce this cutting-edge platform that combines the power of AI with advanced search capabilities to provide users with an intuitive and comprehensive solution for navigating blockchain data. The initial beta version of ChainQ supports data indexed by the Cosmos blockchain network (ATOM). While we are launching with data from Cosmos, a smaller blockchain by market cap, its complexity sets the stage for expansion into larger, less complex chains with more holders and broader market awareness. As global cryptocurrency ownership increases 34% in 2023, from 432 million in January 2023 to 580 million in December 20231, we see a large and growing addressable market for our solutions.”
ChainQ offers a seamless user experience with its intuitive interface, powered by cutting-edge generative AI technology. Users can effortlessly access and analyze blockchain data with a simple search bar, enabling natural language queries (NQL) to uncover insights from indexed blockchain data.
“ChainQ is more than just a tool; it’s a gateway to unlocking the full potential of blockchain data,” noted Michal Handerhan, COO of BTCS. “With its user-friendly approach and powerful features, ChainQ enables users of all technical levels to explore, organize, and understand blockchain data like never before.”
Key features of ChainQ include:
- Fast access to blockchain data that surpasses the capabilities of standard web search engines and is easier than complex blockchain explorers.
- Cutting-edge generative AI technology.
- Intuitive search functionality with natural language queries.
- Customizable search panel for more precise results.
- Detailed visualizations for better understanding of data.
- Support for SQL queries, saved searches and exporting results.
For more information about ChainQ and to register to access the platform, visit www.chainq.com.
Additionally, in line with our commitment to shareholder and customer engagement, we have updated our corporate disclosure website and corporate presentation to integrate the addition of ChainQ into the Company’s operations and better reflect our initiatives, strategies and the evolving nature of our business.
About BTCS:
BTCS Inc. is a Nasdaq-listed company that has been in the blockchain technology industry since 2014 and is one of the few publicly traded companies in the United States with a primary focus on proof-of-stake blockchain infrastructure. We are focused on driving scalable growth across our diverse business streams that leverage our core blockchain infrastructure operations that include staking and operating validator nodes on various proof-of-stake networks, such as Ethereum. Built on top of our blockchain infrastructure operations are: ChainQ, our AI-powered blockchain analytics platform, which provides an easy way for cryptocurrency holders to access otherwise difficult-to-obtain data; StakeSeeker, which offers an analytics-focused cryptocurrency dashboard and Staking-as-a-Service solution; and Builder+, an Ethereum block builder that optimizes profits through block construction. For more information, visit: www.btcs.com.
Forward-Looking Statements:
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws, including statements regarding our beliefs regarding the growing addressable market for our solutions. Words such as “may,” “could,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, beliefs or current expectations, are forward-looking statements. Although the Company believes that such forward-looking statements are reasonable, you should not place undue reliance on such forward-looking statements, which are based on information available to us as of the date of this release. These forward-looking statements are based on assumptions and are subject to various risks and uncertainties, including, without limitation, regulatory issues, unanticipated issues with Builder+, unanticipated issues with ChainQ and users’ reluctance to use the solutions, as well as risks set forth in the Company’s filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2023, filed on March 21, 2024. Therefore, actual results could differ materially. The Company expressly disclaims any obligation to update or revise any statements, whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations:
ir@btcs.com
1 Crypto.com January 22, 2024 Annual Cryptocurrency Market Size Report