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SOURCE Bayside Corp.
Vault 51 secure offline storage to help revitalize the $8,351,155,964 Bitcoin digital currency market.
DALLAS, June 10, 2014 /PRNewswire/ -- Bayside Corp. (BYSD.PK) today announced the launch of Vault 51 (beta), operated by Bitcoinz USA a subsidiary corporation of Bayside Corp.
Vault 51 is an offline storage system for Bitcoin users, which is represented by a Physical Bitcoin. The electronic Bitcoin is then stored off-line in a secured computer chip known as Vault 51 and embedded in a Physical Bitcoin, which is not connected to the internet. This process is also known as cold storage and is done to avoid hacking, loss, or theft.
Vault 51 was developed in response to recent security issues that have plagued the Bitcoin eco community. "For the Bitcoin eco system to continue to grow it's important to create more stability and security in this digital currency"-Gordon Johnson Bayside Corp.-CEO
While Bitcoins have incredible potential to change the world, the company's management team believes that it's efforts to help secure and stabilize Bitcoins for users can revitalize the entire Bitcoin eco-system. With a current market cap of $8,351,155,964, 59,269 daily transactions, $53,175,480 daily transaction volume according to blockchain.info "Vault 51 has a chance to stir a revolution in the Bitcoin eco community."-JW Walker Bitcoinz USA-President
Vault 51 (beta) is available now through http://vault51.bitcoinzusa.com .The company plans to launch more functionality and features to Vault 51 over the next few months to make it easy to use for the various types of Bitcoin users.
Bayside Corp. is an American multinational corporation that manages multiple subsidiary companies engaged in a variety of business industries and sectors. At Bayside Corp. we believe that the future is now and that our efforts today will have a long lasting impact for generations to come. For additional information on the Company visit our website at: http://www.baysidecorp.com
Certain statements in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" All forward-looking statements are based on Bayside's current expectations, estimates, projections, beliefs and assumptions based on information available at the time the statement was made and in light of Bayside's experience and its perception of historical trends.
The forward-looking statement in this news release includes reference to: Bayside's ability to execute on its strategy and deliver strong results on behalf of its shareholders. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties; some that are similar to other related companies and some that are unique to our company. Bayside's actual results may differ materially from those expressed or implied by our forward-looking statements and you are cautioned not to place undue reliance on them.
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