Crypto
Silver Spring, United States, Maryland, January 15th, 2025, Chainwire
BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a leader in blockchain infrastructure and technology, today announced the deployment of its Scaled Validator Implementation Plan, aimed at enhancing revenue generation and operational efficiency within its blockchain operations.
Over the past five months, BTCS has conducted an extensive due diligence process on Rocket Pool, a decentralized Ethereum-based liquid staking protocol. This evaluation included a thorough assessment of auditability, compliance, cybersecurity, infrastructure integrity, and potential business risks and rewards to ensure a secure and scalable validator implementation. As part of this comprehensive review, BTCS completed a pilot program and has now expanded to 320 validators participating in Rocket Pool’s liquid staking pool, marking a significant step in expanding the company’s validator node operations.
Potential Revenue Impact
BTCS team believes that the expanded vertically integrated validator strategy could lead to a revenue increase of up to 10%. This initiative is designed to optimize the number of active validators and improve gross margins, aligning with BTCS’s broader growth strategy.
Commitment to Diversification and Growth
BTCS plans to broaden its validator partnerships and diversify its technology providers to support long-term, scalable revenue growth.
“This initiative represents a pivotal step toward our goal of scaling blockchain infrastructure to drive revenue growth,” said Charles Allen, CEO of BTCS. “Our comprehensive approach ensures we prioritize security, compliance, and performance at every stage. This initiative underscores our dedication to enhancing our operations while delivering value to our shareholders.”
About BTCS
BTCS Inc. (Nasdaq: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its Ethereum blockchain infrastructure operations. BTCS has honed its expertise in Ethereum network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves.
Users can explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting www.btcs.com.
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