BTCS Expands Its Block-Building Capabilities To Include Binance Chain Via Strategic Acquisition
BTCS Inc. (NASDAQ:BTCS), the blockchain infrastructure and technology company aiming to expand the market of fee-based products that run on the Ethereum network, further strengthened its position by adding Binance Chain to its block-building operations.
With a market cap of around $80 billion, Binance Chain is the fifth-largest cryptocurrency in the market. It is used to enable decentralized finance (DeFi) functions, build decentralized apps or DApps and support non-fungible tokens (NFTs). BTCS says adding Binance Chain to its operations gives it a greater foothold in the Ethereum Virtual Machine or EVM-based ecosystem.
Further Strengthening Its Ethereum Chops
EVM is a decentralized virtual environment that is known for its consistency and security when executing smart contracts and DApps. BTCS was able to add Binance Chain to its block-building operations through the acquisition of TxBoost, a Binance Chain block builder. The acquisition aligns with its strategy of partnering and/or acquiring key players in the Ethereum ecosystem.
“Builder+ supporting Binance Chain is a natural extension of our Ethereum-focused infrastructure strategy,” Charles Allen, CEO of …
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