The technological world has embraced the innovations that arise and the changes that come with them. Alongside artificial intelligence, cryptocurrency is another inauguration that has transformed the contemporary virtual world. Crypto has become rampant in the investment sector, and Herman Funch reveals the following opportunities.
The industry celebrates specific innovations such as Cardano, Fanton, and Bitcoin Spark. Bitcoin Spark is among the rising digital platforms that promise shear decentralization in the blockchain ecosystem. With its spectacular proof-of-process mechanism, the network is set to dominate the ledger ecosystem.
Fantom is a blockchain platform developed in 2018. The platform is known for its improved scalability and low latency. The native token for the digital currency is FTM. FTM acts as a gas token that fuels the Fantom ecosystem. On the other hand, Cardano is regarded as an improved version of Ethereum. The platform utilizes the proof-of-stake mechanism, thus helping to improve interoperability while promoting decentralization.
Bitcoin Spark is still in its initial pre-launch phases and is gaining massive traction on all social media platforms. The new blockchain entrant leverages distributed ledger technology to produce transparency for its community members.
Among the most influential auditing platforms are Vital Blocks and Cognitos, which have conducted impressive and detailed audits on Bitcoin Spark’s network. The platform has setup a complete roadmap that entails the details of each progression in a single phase toward the post-launch period.
Bitcoin Sparks gas token is referre to as BTCS. The network has a total supply of 21 million BTCS, which coincides with Bitcoin’s similar token supply. This is because Bitcoin Spark is a Bitcoin hard fork. From the 21 million tokens, 4.55 million will go to launch supply, and 16.45 million will be allocated to mining rewards. The launch supply will also be distributed to liquidity pools and exchanges (500,000), team allocation (50,000), and 4 million to the currently ongoing initial coin offering
Bitcoin Spark is in phase three of its initial coin offering, where the price of a single BTCS is pegged at $2.Community members who purchase the token during this phase are eligible for a 12% bonus from the Bitcoin Spark team as a token of appreciation and gratitude. When the launch period occurs on 30th November, participants who bought the token in phase three will have a 560% capital gain as BTCS will peg at $10 each.
Bridging is also pertinent to blockchain networks, enabling participants to transact and transfer data to other networks. When Bitcoin Spark’s primary network launches, it will initially bridge only the BTCS token. Liquidity pools on Ethereum, Polygon, and BNB smartchain will be available over the private Bitcoin Spark bridge. Members can obtain the native token (BTCS) on the Bitcoin Spark network by bridging their BTCS from these networks.
Remote call procedures are an aspect that has gained momentum in crypto airspace. They are services that connect decentralized applications to the blockchain. Decentralized participants don’t need to operate nodes solely. RPC helps them connect to blockchains using API interfaces. The platform has an RPC provider with multiple executing layers that any provider can give out two data streams consecutively. The feature makes interacting with blockchain necessarily have a distinct wallet. Henceforth, Bitcoin Spark is the only wallet upon mainnet release.
Website: https://bitcoinspark.org/
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