With many looking for the best crypto to buy now, several analysts suggest Bitcoin Spark’s launch in a bullish market could lead to a fortuitous wealth windfall for its early adopters.
What is Bitcoin Spark?
Bitcoin Spark (BTCS) is the latest Bitcoin (BTC) hard fork, which aims to address the limitations of its antecedents and ignite a new era of digital transactions. Despite its many notable changes, this innovative cryptocurrency inherits the tokenomics of its renowned predecessor, having a capped supply of only 21 million.
The Bitcoin Spark blockchain overcomes the hurdle of slow transaction speeds and high gas fees by having a shortened block time, higher transaction capabilities per block, and a significantly expanded network of nodes. The utility of Bitcoin Spark is further extended through its support for smart contracts and decentralized applications (DApps). The blockchain is ingeniously designed with multiple layers, including a dedicated smart contract layer fitted with separate execution systems, all reaching finality on the main network. This unique design enhances network scalability and enables support for a wide range of programming languages, including Solidity, Vyper, and Rust.
Perhaps the most distinctive feature of Bitcoin Spark is its consensus mechanism, the Proof-of-Process (PoP). This groundbreaking mechanism introduces a novel approach to mining, requiring miners to contribute processing power to the network in order to confirm blocks and earn rewards. The PoP is also designed with a non-linear functionality that gradually decreases rewards as additional processing power is allocated, fostering a more equitable distribution. This, combined with the vast number of nodes, paves the way for greater decentralization and inclusivity within the network, allowing for low-powered devices. The Bitcoin Spark application will serve as a user-friendly, secure, and lightweight mining software, compatible with various operating systems, including Windows, macOS, iOS, and Android. Interestingly, the Bitcoin Spark app will also dabble as the network’s native wallet.
Bitcoin Spark will resourcefully convert the processing power contributed by miners to be efficiently rented to individuals and institutions seeking remote computing resources. Clients within the network will transact in BTCS. And the miners will receive 97% of the revenue generated in addition to the newly minted BTCS and transaction fees from confirming blocks.
Additionally, Bitcoin Spark introduces an interesting approach to advertising, with small ad spaces integrated into the application and blockchain explorer. The advertisements will be governed by the community to ensure security while preserving decentralization. Advertisers will make payments in BTCS, and network participants will get 50% of the generated revenue, plus other incentives for ad policing.
Bitcoin Spark’s launch
Bitcoin Spark recently advanced to the second-last phase of its Initial Coin Offering (ICO), with BTCS now selling at $3.5, accompanied by a 5% bonus and a host of other benefits. Anticipation continues to mount as Bitcoin Spark moves closer to its launch at $10 on November 30, promising a remarkable 300% profit for investors in the current phase and an astonishing 800% return for those who had the foresight to participate in Phase 1. With the next Bitcoin (BTC) halving event, a historical catalyst for crypto bull runs, expected in 2024, market observers point to Bitcoin Spark’s strategic launch timing, coupled with its low market capitalization, restricted token supply, cutting-edge technology, and real-world applications, as a harbinger of massive value appreciation.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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