Cryptanite Partners With Codius on Blockchain Hosting Capability

BOULDER, Colo., June 19, 2018 (GLOBE NEWSWIRE) — Cryptanite Blockchain Technologies Corp. (CSE: NITE), a Boulder-based blockchain technology company, today announced the launch of hosting capabilities with Codius, an open-source platform that enables the hosting of smart contracts and apps powered by the Ripple blockchain. Publicly listed in both Canada and in Germany, Cryptanite is one of the first companies to market with Codius’ hosting capabilities.

“Cryptanite is currently one of the only public companies that is committed to offering Codius hosting services,” said Henry Duong, Cryptanite’s CTO. “Our goal is to support the development of the blockchain ecosystem, and  to provide reliable Codius hosting that makes it easier than ever for individuals and companies to benefit from blockchain technology.”

Stefan Thomas, the CTO of Ripple and creator of the InterLedger Protocol, has formed Coil and released Codius as open-source software that anyone can utilize.  

Cryptanite’s announcement empowers people who want to experiment and create smart contracts for professional use, and which cannot currently be hosted on cloud computing platforms. Cryptanite aims to ensure anyone interested in smart contracts with the Ripple platform has a stable, trusted source for hosting their projects. And just like hosting a website or application, the ability to trust that the site or app won’t go down is vital.

Much the same way cloud computing made web hosting more accessible, Codius makes experimentation on the blockchain more widely available because people won’t need to build from scratch. The hosting service allows users who want to experiment and create smart contracts for personal or professional use to upload and host their smart contract projects of any size on Cryptanite’s node at www.codiuscloud.com

The company’s Cryptanite Wallet app is designed to provide a secure, easy-to-use and frictionless process to buy, invest and store a diversified collection of more than 15 top cryptocurrencies, including bitcoin, Ethereum, Ripple, Stellar and Dash. The app is now available on Apple’s App Store and on Google Play.

About Cryptanite Blockchain Technologies Corp.
Cryptanite Blockchain Technologies Corp. (CSE: NITE) harnesses blockchain technology to provide secure, real-time peer-to-peer payment systems. Cryptanite’s growing product line includes web and mobile apps, including credit and debit products for fiat and cryptocurrency markets. Cryptanite is based in Colorado’s Front Range. For more information, visit www.cryptanite.com.

The CSE does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the word “will” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon.  Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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CONTACT: Bill Rigler
brigler@mapr.agency

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