Silver Spring, Maryland, USA, January 15, 2025, Chainwire
BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a leader in blockchain infrastructure and technology, today plans to implement Scaled Validator, which aims to improve monetization and operational efficiency within blockchain operations. Announced the distribution of . .
Over the past five months, BTCS has conducted an extensive due diligence process on Rocket Pool, a decentralized Ethereum-based liquid staking protocol. This assessment included a thorough evaluation of auditability, compliance, cybersecurity, infrastructure integrity, and potential business risks and rewards to ensure a secure and scalable verifier implementation. As part of this comprehensive review, BTCS completed a pilot program and has now expanded the number of validators participating in Rocket Pool’s liquid staking pool to 320, marking a significant step in scaling the company’s validator node operations.
Potential Revenue Impact
The BTCS team believes that a scaled, vertically integrated validator strategy can lead to revenue increases of up to 10%. This initiative is designed to optimize the number of active validators and improve gross margins, in line with BTCS’ broader growth strategy.
Commitment to diversification and growth
BTCS plans to expand 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 our blockchain infrastructure to drive revenue growth,” said Charles Allen, CEO of BTCS. “Our comprehensive approach ensures that security, compliance and performance are priorities at every step. “This initiative highlights our commitment to strengthening our operations while delivering value to our shareholders.”
Introduction to BTCS
BTCS Inc. (NASDAQ: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its operations on the Ethereum blockchain infrastructure. BTCS has honed its expertise in Ethereum network operations, particularly in the areas of block construction and validator node management. Builder+, our branded block building operation, leverages advanced algorithms to optimize block building for on-chain verification to maximize gas fee revenue. BTCS also supports other blockchain networks by operating validator nodes and staking cryptocurrency assets to multiple proof-of-stake networks, allowing cryptocurrency holders to delegate their assets to BTCS management nodes. The company has also developed ChainQ, an AI-powered blockchain data analytics platform that improves 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 learn how BTCS is revolutionizing blockchain infrastructure in the open market by visiting: www.btcs.com.
Forward-Looking Statements:
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws, including statements regarding Validator’s ability to increase revenue by 10%, improve margins, increase total revenue, and deliver value to shareholders. do. “may”, “could”, “will”, “should”, “believe”, “expect”, “anticipate”, “estimate”, “continue”, “predict”. , “anticipates,” “anticipates,” “plans,” “intends,” or similar expressions or statements regarding intentions, beliefs or current expectations are forward-looking statements. Although the Company believes that these forward-looking statements are reasonable, undue reliance should not be placed on the forward-looking statements, which are based on information available to the Company as of the date of this release. These forward-looking statements are based on assumptions and are subject to various risks and uncertainties, including, but not limited to, regulatory issues, unanticipated problems with Builder+, unanticipated problems with ChainQ, and the reluctance of validators to try or utilize the Builder+ product. Receive. These are the risks set forth in the Company’s filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2023, filed on March 21, 2024. Accordingly, actual results may vary materially. The Company expressly disclaims any obligation to update or alter any statements, whether as a result of new information, future events or otherwise, except as required by law.
contact
CEO
charles allen
BTCS Inc. (NASDAQ: BTCS)
ir@btcs.com
X (formerly Twitter): @Charles_BTCS
BTCS Utilizes Rocket Pool to Expand Validators and Enhance Margins