Virtual Crypto Technologies (OTCQB: VRCP), developer of software and hardware for the purchase and sale of cryptocurrencies, this morning announced the completion of a full node setup on Amazon Web Services’ (“AWS”) EC2 servers to enable immediate bitcoin trades. The move enables the company to verify all transactions directly, rather than relying on miners. The full node participation in the bitcoin network also permits the company to keep a complete history of all previous bitcoin transactions, all new transactions, and all block headers. In addition, the AWS servers provide Virtual Crypto with the tools to conduct data analysis to determine trends and opportunities to develop pioneering services for the cryptocurrency market. “This is a huge step to further improve our ‘fast confirmation’ product. It allows us not only to understand in-depth blockchain transactions, but also use machine-learning algorithms to further improve our prediction and validation mechanism,” Virtual Crypto Technologies CTO Simon Danilov stated in the news release.
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About Virtual Crypto Technologies Inc.
Virtual Crypto Technologies Inc., through its wholly owned Israeli subsidiary Virtual Crypto Technologies Ltd., has developed the NetoBitTrader, a proprietary, cryptographic algorithmic technology that it is able to confirm in real-time the purchase or sale of virtually any cryptocurrency. Virtual Crypto’s NetoBit products dramatically improve the cryptocurrency trading experience with faster execution and lower costs. Setting a new time-to-transaction standard, trading in seconds rather the industry norm of 20 minutes, allows NetoBit customers to enjoy the best crypto-exchange rate at the point of transaction. The company is marketing its NetoBit Trader software and hardware products for the purchase and sale of cryptocurrencies through ATMs, tablets, PCs and mobile devices. Virtual Crypto Technologies further believes that the ability to immediately confirm cryptocurrency transactions in real-time provides a significant competitive advantage in making the purchase and sale of cryptocurrencies user friendly. For more information, visit the company’s website at www.virtual-crypto.com.
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