BTCS Inc. (NASDAQ:BTCS), the blockchain infrastructure and technology company, aims to expand the market of fee-based products that run on Ethereum’s network through its recent partnership with ETHGas – a blockchain technology company offering a real-time institutional marketplace for Ethereum blockspace – enabling what it says is a fast and customizable experience for validators and end users.
The companies said the partnership is intended to unlock ultra-low-latency scaling on Ethereum’s blockchain, which they say will enable transaction confirmations that are about 100 times faster than Solana, a competing blockchain. Under the terms of the deal, BTCS will serve as a Priority Builder, and invested $250,000 into ETHGas.
“As a pioneer in blockchain infrastructure and digital asset innovation, BTCS is thrilled to partner with ETHGas to expand the overall market of fee-based products, to drive revenue for BTCS while helping make Ethereum transactions more efficient and cost-effective for the ecosystem,” said Charles Allen, CEO of BTCS when announcing the partnership. “Our investment in ETHGas aligns with our strategy to drive scalable revenue growth and improve margins by expanding order flow, refining our tech stack, and controlling blockspace. Our planned ETHGas integration should help achieve this goal by increasing both order flow and blockspace.”
Founded in 2014, BTCS pioneered Bitcoin mining as the first U.S. public company in the space. Over the years, BTCS has shifted its focus to Ethereum, leveraging its expertise to drive growth in validator node operations and block building. …
