Bitcoin is by far the largest cryptocurrency, with Ethereum following as a strong competitor. While Ethereum may not be surpassing $100,000 like Bitcoin did in late January, it is experiencing its own growth moment as big-name investors like BlackRock, Fidelity, and President Donald Trump’s DeFi project, World Liberty Financial, acquire coins. It doesn’t hurt that Ethereum, unlike Bitcoin, is more than just a digital token, it’s a decentralized network that is the backbone of DeFi and non-fungible tokens (NFTs). With improvements to the Ethereum blockchain underway, the network is expected by many analysts to attract more users, potentially driving the price of Ethereum even higher.
All of that is good news for BTCS Inc. (NASDAQ:BTCS), a blockchain infrastructure company that pioneered Bitcoin mining as the first U.S. public company in the space in 2014. Over the past few years, BTCS has shifted its focus to Ethereum to leverage its expertise to drive growth in validator node operations and block building.
Ethereum Shift Is Paying Off
All of these strategies are delivering strong results, the company says. In …
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