BTCS Inc. Launches Builder+ to Enhance Ethereum Blockchain Infrastructure
February 01 2024 - 8:35AM
BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain
technology-focused company, is thrilled to introduce “Builder+”, an
innovative extension of our core Ethereum blockchain infrastructure
operations, designed to provide scalable revenue growth leveraging
our current Ethereum validator operations.
“We’ve been heads down and quiet for the latter
part of 2023, but we are now excited to share the developments
we’ve been working on, such as Builder+,” said Charles Allen, CEO
of BTCS. “With Ethereum being the second-largest blockchain,
boasting a market cap of over $275 billion, and being integral to
our infrastructure operations, we are poised to leverage our
extensive expertise in this domain. We believe that the development
of scalable revenue streams on Ethereum’s blockchain will enable us
to drive growth and deliver substantial value for our
shareholders.”
Builder+ was developed to enhance our role
within the Ethereum blockchain landscape by offering an advanced
Ethereum block builder. Builder+ leverages cutting-edge algorithms
to optimize block construction and transaction ordering, maximizing
rewards and unlocking new opportunities for revenue growth.
Simultaneously, it contributes to the ongoing development of the
Ethereum ecosystem. At the heart of Builder+ is our unwavering
commitment to enhancing investor value. Here’s how it benefits our
stakeholders:
Unlocking MEV
for Potential Scalable and Sustainable Revenue Growth:
We’re positioning Builder+ to tap into the MEV (Maximal Extractable
Value) market and capture a share of rewards generated by Ethereum
validators who utilize our builder. The builder market presents the
potential for scalable revenue growth with minimal additional
costs.
Empowering
Validators: Ethereum validators can enhance their network
rewards by proposing blocks created by our advanced builder,
establishing a mutually beneficial relationship that strengthens
the Ethereum ecosystem.
Contributing
to Ethereum’s Ongoing Growth: BTCS’s Builder+ reaffirms
our commitment to the development and expansion of the Ethereum
network.
Compliance
and Trust: Our dedication to compliance is unwavering.
Builder+ ensures that transactions included in blocks built by our
builder are free from wallet addresses identified on the Office of
Foreign Assets Control Specially Designated Nationals list,
reinforcing our commitment to trust and transparency in the
blockchain industry.
While this press release provides an overview of
Builder+ and its potential benefits, we encourage stakeholders to
visit www.btcs.com/builder for more detailed information about this
exciting expansion of our operations. Further, in line with our
commitment to shareholder and customer engagement we’ve updated our
corporate website and corporate presentation to better reflect our
initiatives, strategies, and the evolving nature of our
business.
About BTCS:BTCS Inc. is a
Nasdaq listed company operating in the blockchain technology sector
since 2014 and is one of the only U.S. publicly traded companies
with a primary focus on proof-of-stake blockchain infrastructure.
Our core focus is on driving scalable growth through a diverse
range of business streams leveraging and built on top of our core
and proven blockchain infrastructure operations. BTCS secures and
operates validator nodes on cutting-edge blockchain networks that
power Web 3, earning native token rewards by staking our
proof-of-stake crypto assets, with an emphasis on Ethereum. Our
innovative “StakeSeeker” platform empowers crypto holders with an
analytics-focused cryptocurrency dashboard. It also offers a
non-custodial Staking-as-a-Service solution, enabling users to earn
staking rewards, while BTCS earns a percentage of token holders’
rewards, creating the potential for scalable revenue with limited
additional costs. We’ve also introduced “Builder+”, an Ethereum
block builder. This technology leverages advanced algorithms to
maximize profit through optimized block construction. Builder+
creates opportunities for new scalable revenue streams by being
utilized by third-party nodes. For more information visit:
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 the
opportunity to leverage our knowledge and extensive expertise,
beliefs regarding the development of scalable revenue streams on
Ethereum’s blockchain which will enable us to drive growth and
deliver substantial value for our shareholder, unlocking new
opportunities for revenue growth, potential for scalable revenue
growth with minimal additional costs, and the optimism regarding
delivering shareholder value. Words such as “may,” “might,” “will,”
“should,” “believe,” “expect,” “anticipate,” “estimate,”
“continue,” “predict,” “forecast,” “project,” “plan,” “intend” or
similar expressions, or statements regarding intent, belief, or
current expectations, are forward-looking statements. While the
Company believes these forward-looking statements are reasonable,
undue reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. These forward-looking statements are based
upon assumptions and are subject to various risks and
uncertainties, including without limitation regulatory issues,
unexpected issues with Builder+, unexpected issues with our product
offering, and the reluctance of validators to try or utilize our
Builder+ product, as well as 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, 2022 which was filed on
March 31, 2023. Thus, actual results could be materially different.
The Company expressly disclaims any obligation to update or alter
statements, whether as a result of new information, future events
or otherwise, except as required by law.
Investor Relations:ir@btcs.com
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