The crypto arena has seen remarkable growth and mass adoption with the launch of utility projects like XRP, LINK, and FTM. These projects have introduced advanced technology to the blockchain ecosystem, luring investors, crypto lovers, and blockchain enthusiasts to participate in the projects’ development. The projects have been around for some time and offer suitable alternatives to parent blockchains such as Ethereum and Bitcoin. However, this new Bitcoin hard fork will outperform XRP, LINK, and FTM.
XRP Wins SEC case
Decentralized Finance (DeFi) offers an antithesis to centralized systems established by banking agents and large financial institutions. As a result, regulators worldwide are tirelessly working against cryptocurrencies through tightening regulations and halting digital asset corporations. Ripple vs. SEC is the latest case on the same. In July, a Southern District of New York judge, Analisa Torres, ended the year-long legal battle between the two entities, with Ripple winning the case. However, the SEC bit back to appeal the judge’s decision.
Other projects like Chainlink and Fantom have experienced rallying prices due to the effects catalyzed by the bear market as regulatory pressures increase. Investors now seek newer, more decentralized projects with stronger regulatory shields and massive growth potential. A good example is Bitcoin Spark.
Bitcoin Spark is taking over DeFi
Bitcoin Spark is among the most unique projects in the entire DeFi space. Although still in its early development stages, the project has attracted whales who have bought into its ongoing ICO. Bitcoin Spark is currently in its fourth presale stage. BTCS, the platform’s native cryptocurrency, is selling for $2.25 each, and all participants who purchase before the fourth ICO phase ends will get a 10% bonus. This stage will see investments yield 489% in November when the ICO ends and the project launches at $10 per BTCS token.
Bitcoin Spark has an exclusive token bridge that will connect its users with liquidity pools found on other networks like Ethereum and Polygon. When the Bitcoin Spark network goes live on the mainnet, the only initially bridgeable crypto asset will be BTCS tokens. Therefore, participants can change the underlying network in which they wish to possess their BTCS holdings.
This bridging system is responsible for allowing the tokens to be available on Ethereum for the ongoing ICO distribution. Ethereum liquidity pools only have 4.3 million tokens, which is enough supply to distribute the tokens in the ICO phases.
Being a Bitcoin hard fork, Bitcoin Spark will incorporate a smart contract layer to improve the network’s scalability and efficiency. Smart contracts are lines of code programmed to execute in a network once predetermined conditions align according to the instructions of the code. The smart contract layer will allow third-party developers to create decentralized applications in EVM-compatible languages such as Vyper and Solidity. Other high-end and low-end languages will also be applicable, provided that they coincide with the Ethereum Virtual Machine bytecode.
Bitcoin Spark has been audited by three leading DeFi smart contract auditing organizations: Vital Block, Contract Wolf, and Cognitos. These firms have published their comprehensive reports online, which can be accessed through Google search or links on the Bitcoin Spark whitepaper. Buy Bitcoin Spark today through the link below.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
