Sum of series : $$1+\frac{1}{4}+\frac{1\times3}{4\times8}+\frac{1\times3\times5}{4\times8 \times12}+\cdots$$
$n$-th term of series is $$a_{n} =\frac{1\times3 \times5\times\cdots \times(2n-1)}{4\times8\times12\times \cdots \times4n} = \prod^{n}_{k=1}{2k-1\over4k}$$
I can not go further,
Note, the general term $a_n, n\geq 1$ is \begin{align*} a_n=\frac{1\cdot 3\cdot 5\cdots (2n-1)}{4\cdot8\cdot 12\cdots (4n)} =\frac{1\cdot 3\cdot 5\cdots (2n-1)}{(1\cdot 2\cdot 3\cdots n)\cdot 4^n} =\frac{(2n-1)!!}{n!}\cdot \frac{1}{4^n}\\ \end{align*}
with $$(2n-1)!!=(2n-1)\cdot(2n-3)\cdots 5\cdot 3\cdot 1$$ double factorials.
Comment:
In (1) we apply $(2n)!=(2n)!!\cdot (2n-1)!!$.
In (2) we use $(2n)!!=n!2^n$.
In (3) we use $\binom{2n}{n}=\frac{(2n)!}{n!n!}$.
In (4) we use the generating function of the central binomial coefficient.