I am CEO of BlockCypher (Catheryne Nicholson). I am posting this as an official statement from our company:
We at BlockCypher have agreed to host the Urocoin block chain on BlockCypher's infrastructure. This allows the Uro Foundation to leverage BlockCypher's platform and APIs. In return, the Uro Foundation has agreed to compensate BlockCypher for the development and hosting cost for their block chain.
We understand startups have to fight uphill for an ideal they believe in. We also believe in the opportunity for digital coins to back commodities. In that spirit, we are helping the Uro Foundation with the platform piece. BlockCypher's infrastructure was designed to host a multitude of block chains. What we are helping Uro with aligns with our vision of a world with multiple digital coins.
BlockCypher holds itself to the highest standards of integrity and transparency. Should it come to our attention that illegal activity or trade, gross misrepresentation, or outright theft has occurred, BlockCypher reserves the right to take appropriate action.
I think many are unaware of what this deal truly means and its significance Uro.
Essentially, this provides a cloud-based platform that ensures easy scalability of Uro-related infrastructures - from payments systema and online wallets to exchanges and other block chain applications. Blockcypher's multisig API also provides a greater level of security for service providers and end users.