Can Cardano Keep Up With The Newest Bitcoin Fork This Winter?

The crypto market has experienced its winter season since 2022. Although the market prices for digital assets are still low, experts predict that the bull market is slowly cropping in as crypto projects such as Cardano show signs of recovery. Despite increasing regulatory pressures from financial watchdogs worldwide, the blockchain-powered ecosystem is growing exponentially with new and improved crypto platforms launching. One platform attracting the attention of whales, venture capitalists, and retail investors is Bitcoin Spark. Bitcoin Spark averages significant returns for early Cardano investors in the ongoing crypto winter season.

Is Cardano a good investment?

Charles Hoskinson, a blockchain entrepreneur, founded Cardano in 2015 as an improved alternative network of the Ethereum blockchain. The project had an impressive run in the previous bull market cycle, reaching an all-time high of $3.09 in September 2021. Although the project has a promising future, Cardano is subject to regulatory scrutiny, threatening DeFi protocols building in the Cardano network. The platform’s native digital asset was labeled as a security by the United States Securities and Exchange Commission (SEC) in independent lawsuits filed against two of the largest centralized exchanges, Binance and Coinbase.

Bitcoin Spark vs. Cardano

Bitcoin Spark is a new revolution in the cryptocurrency sphere that promises to solve major limitations that are hindering the growth of decentralized finance and the overall blockchain infrastructure. Bitcoin Spark and Cardano have various things in common. The two platforms have faster transactions than Bitcoin, offer a more scalable network through smart contracts, and use eco-friendly consensus mechanisms to operate their respective networks. 

Despite these similarities, Bitcoin Spark has much more advanced features, making it more desirable to investors than Cardano. The new entrant has two income-generating streams that will be incorporated to earn revenue for the platform. Unlike Cardano, which charges transaction fees in ADA, Bitcoin Spark aims to become a gasless network, meaning that all transactions will be free of charge. But how will this be possible?

Bitcoin Spark network has an improved consensus mechanism called proof of process, which amalgamates and capitalizes on proof of work and proof of stake. Using a proof of process means that the Bitcoin Spark network will have miners like Bitcoin and staking participants like Cardano. Initially, the network will charge transaction fees predicted to be cheaper and faster than those executed on the Bitcoin network. 

However, the network will integrate advertising campaigns and lend processing power to clients who will pay for the services and products in BTCS tokens, the platform’s native digital asset. The revenue generated will be used as rewards for network participants, rendering transaction fees on the network needless. The Bitcoin Spark network will have multiple execution layers that will pave the way for developing RPC providers to issue metric information and data from two RPC providers.

ICO event in phase 5

Bitcoin Spark’s BTCS tokens have a capped supply of 21 million tokens, of which most are allocated to mining rewards. Since the Bitcoin Spark network is yet to launch, the Bitcoin Spark team has minted BTCS tokens on the Ethereum mainnet to power the ongoing ICO event in phase 5. Each BTCS token is available for investors at $2.50, accruing a 9% bonus on every purchase. The ICO event has lasted five weeks, raising over $2 million. Purchase BTCS tokens and take advantage of this golden opportunity.

Learn more about Bitcoin Spark on:

Website: https://bitcoinspark.org/