Ethereum is a popular project in the blockchain-powered hemisphere known as the largest smart contract platform. The platform evolved from Bitcoin’s dynamics and has since credited its success to the able leadership of Vitalik Buterin and his co-founders, as well as the emergence of ERC-20 tokens minted on the Ethereum mainnet. While projects powered by Ethereum tend to rely on the blockchain to power their tokens, other projects like Bitcoin Spark are using Ethereum to support their initial coin offerings before migrating to their original blockchain networks after the mainnet release.
What are ERC-20 tokens?
ERC-20 tokens are commutable, fungible crypto assets that exist and live on the Ethereum mainnet. These tokens are created by deploying a specialized contract on the Ethereum network, which gives the tokens exclusive use cases. The tokens are derived from ERC-20, which is a predetermined technical standard that lays out several rules concerning the project being created. Some of the most prominent projects emanated from Ethereum and were first minted as ERC-20 tokens before their respective blockchains were developed. One project following this approach is Bitcoin Spark. The project’s developers minted 4.3 million BTCS tokens (out of the maximum supply of 21 million) on the Ethereum network to support the project’s presale.
Will Ethereum go up?
Ethereum has had a credible track record since its inauguration and inception. The platform has performed above market average following its major hard fork upgrade in 2022 that converted the mainnet from a proof-of-work blockchain to a proof-of-stake network. Ethereum’s macro sense is holding strength and has been doing so for the past few months, especially at the peak of the bear market. The cryptocurrency is likely to outperform its all-time high in the next bull market, and investors who bought ETH in 2022 (at the peak of the bull market just before the significant crash) could finally see some green on their crypto P/L statements.
Is Bitcoin Spark a Good investment?
The answer to whether Bitcoin Spark is a good investment or not lies in what the individual investor is looking for when investing in blockchain-powered projects. However, it is good to highlight some of the factors that Bitcoin Spark dispenses that make it a lucrative deal for high-appetite crypto investors.
Bitcoin Spark is an upcoming decentralized, blockchain-powered cryptographic ecosphere powered by a digital currency called BTCS. The platform is bringing exclusive features in Web3 that counter the limitations and impediments offered by the Bitcoin network, alongside other old-generation ledgers. One of the main limelights that make the project stand out is its developers’ dedication to providing the highest standards of investor security. Security has been a significant challenge in Web3 due to the carelessness displayed by protocol developers and founders.
Many protocols were released quickly, giving the developers limited time to triple-check the creation’s security. Some protocols, although developed by very creative minds, succumb to malicious hacks from internet ‘ghosts’ who take advantage of the protocol’s exploitable smart contracts. Bitcoin Spark has made investor security among its significant priorities, allocating sufficient time for developers to test the network and fix bugs. Bitcoin Spark has undergone three smart contract audits, showing the team’s devotion to transparency, accountability, and security.
Bitcoin Spark’s presale is almost winding up in phase 9, and each BTCS retails at a low market price of $3.50. Furthermore, investors who purchase the tokens during the phase will get a 5% bonus and an almost guaranteed 300% ROI upon the ERC20 token release on November 30th, when BTCS launches at $10.
For more information:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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