BTCS Inc., in partnership with Figment Inc., is set to revolutionize Ethereum validator support through its new Staker Protection Plan (SPP). The pilot program, which will involve WonderFi Technologies Inc. as the first customer, promises to address critical challenges in blockchain infrastructure.
The innovative plan offers validators several key advantages, including stable income through pre-sold block space on the Ethereum network. Validators can potentially retain up to 90% of execution layer reward profits, potentially increasing earnings by 4%. Notably, the program ensures compliance with U.S. Treasury Department regulations by preventing transactions with sanctioned entities.
A significant feature of the SPP is its transaction pre-confirmation capabilities, which leverage advanced Miner Extractable Value (MEV) infrastructure. This technology can signal probable transaction outcomes before final block confirmations, reducing wait times and minimizing congestion-related complications.
The pilot program is scheduled to launch in March 2025, coinciding with Ethereum's Pectra upgrade, which aims to improve network speed and reduce transaction costs. Initially, stakers on WonderFi's Bitbuy and Coinsquare platforms will benefit from this groundbreaking approach.
By implementing this plan, BTCS and Figment are addressing persistent challenges in blockchain infrastructure, potentially setting a new standard for validator support and network efficiency. The collaboration represents a strategic effort to enhance revenue potential, operational excellence, and ecosystem growth in the rapidly evolving cryptocurrency landscape.
