With Binance Japan listing Near Protocol (NEAR), proponents of the trending Bitcoin Spark (BTCS) suggest it could be next.
What is NEAR?
NEAR Protocol is a blockchain designed to enable the creation of decentralized applications (DApps) while addressing the scalability and usability issues associated with other blockchain networks. The protocol employs a unique consensus mechanism called Nightshade, which allows for high throughput and low transaction costs. NEAR is designed to be developer-friendly, offering a user-friendly environment for building and deploying DApps. Its focus on user experience and scalability has garnered attention from both developers and users. The listing of NEAR on Binance Japan signifies growing recognition of its potential within the cryptocurrency space.
Will NEAR reach $100?
The recent listing of NEAR on Binance Japan has fueled speculation about the cryptocurrency’s future, with some wondering if it could reach the $100 mark. However, a closer look at the numbers suggests a formidable challenge. NEAR would need to grow by a significant factor of 60 times its current value to attain a $100 valuation. It’s worth noting that NEAR’s all-time high was $20.42, and the present macroeconomic factors and liquidity conditions differ substantially from the conditions that facilitated that peak. As such, achieving a $100 price mark would likely necessitate an extended period, contingent on future economic factors aligning favorably with NEAR’s growth trajectory.
Bitcoin Spark (BTCS) on Binance Japan after imminent launch?
Bitcoin Spark has made a splash in the crypto market, with many enthusiasts discussing its potential. The Bitcoin Spark project is inspired by Satoshi Nakamoto’s vision, and seeks to introduce a new generation of crypto transactions while advancing blockchain technology. Interestingly, Bitcoin Spark has a limited supply of 21 million BTCS coins, maintaining Satoshi’s scarcity principle.
The Bitcoin Spark blockchain has a solid infrastructure, designed to facilitate seamless participation of users and developers. It has a low block time, high individual block transaction capabilities, and a vast number of nodes, features that result in fast transaction processing at low costs. The blockchain also features multiple integrated layers, enhancing its scalability. The smart contract layer has separate execution systems that reach singular network finality, enabling the use of a wide range of programming languages, both high-level and low-level.
Additionally, Bitcoin Spark pioneers the Proof-of-Process (PoP), a consensus mechanism that will reward participants for confirming transactions and contributing their processing power. The PoP will have an algorithm that reduces rewards exponentially as more power is contributed. This nonlinear functionality, combined with the extensive nodes, will allow low-powered devices like smartphones to run the network. Innovatively, the Bitcoin Spark team has created an application compatible with popular operating systems, including iOS, Windows, and Android, to facilitate this.
In another pioneering move, Bitcoin Spark introduces decentralized CPU and GPU renting, where those requiring remote computing resources will be able to utilize the power contributed to the network. This groundbreaking service will be paid for in BTCS, and network participants (miners/validators) will receive 97% of the generated revenue plus minted BTCS and transaction fees from validating transactions.
Moreover, Bitcoin Spark is set to integrate into the booming marketing industry with spaces for advertisements on its application and blockchain explorer. The ads will be community-policied and advertisers will be required to pay in BTCS. Network participants will receive 50% of the ad revenue with extra incentives for those involved in policing.
The Bitcoin Spark Initial Coin Offering (ICO) is in its final stage, with BTCS selling at $3.75 and investors benefiting from a 4% bonus. The ICO has received millions in investments, and the team has ensured the security of the assets through various measures, such as conducting KYC audits. Notably, Bitcoin Spark (BTCS) has already secured crypto exchange listings ahead of its November 30th launch, and with its growing popularity, there’s a high chance of more exchanges joining to list it.
For more on Bitcoin Spark:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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