The competition on meme coins is only getting hotter, with the top meme coin Shiba Inu hitting the headlines. Analysts predict a bullish trend for Shiba Inu soon as the project prepares to launch a layer-2 network. As more people search for Shiba Inu news, they stumble upon a brand new crypto gem, Bitcoin Spark, which has better utility, functionalities, and provisions than Shiba Inu.
Shiba Inu’s price has been upward for the past seven weeks, increasing by over 35%. The bullish trend saw the meme coin break above its resistance level for the first time since May. However, due to the sell-off in the general crypto market, Shiba Inu slightly dropped below the resistance level. Despite this, experts are still bullish as the project launches the much-anticipated Shibarium – Shiba Inu’s layer-2 network.
Bitcoin Spark is a new cryptocurrency developed to offer users improved blockchain features, including speed, security, and scalability. The project results from a Bitcoin fork and shares the same tokenomics with Bitcoin, only that it takes longer before its maximum supply is reached.
Bitcoin Spark uses an all-new technology called “Proof-of-Process” (PoP), a combination of the proof-of-work (PoW) and proof-of-stake (PoS) system, to mine cryptocurrency. The PoP system ensures that mining rewards are distributed more fairly, with network participants with greater mining capabilities earning more, but not in an unbalanced way.
Bitcoin Spark’s native token is BTCS, with a maximum supply of 21 million. The team has allocated 4 million tokens to its initial coin offering (ICO). 500,000 tokens have been set aside for pre-network launch liquidity pools and exchanges. Moreover, the team has allocated 50,000 tokens to itself and 16.45 million for mining rewards to be distributed over a minimum of 120 years.
The project is currently in phase 2 of its ICO. During this phase, BTCS is selling at $1.75. Imagine being able to buy Bitcoin when it was $1. Users who purchase BTCS during phase 2 of the ICO are eligible for a 15% bonus. These purchases will be worth 650% of the original price at the end of the ICO period when the project officially launches at $10 for each BTCS on November 30th.
Anyone with a smartphone can mine Bitcoin Spark. The team is developing an application that will be compatible with various operating systems, including Windows, Linux, Mac OS, IOS, and Android. The app will be able to manage its processing power consumption, addressing potential issues like device overheating, battery conservation, and multitasking demands. However, Bitcoin Spark mining is yet to start.
Participants in the Bitcoin Spark project can generate revenue in two ways: mining and advertising. The PoP mining system requires users to confirm transactions on the network and provide processing power as well. This means rewards will be distributed according to the stake amount and “work done.”
Users can also earn through purchases made for advertising space on the Bitcoin Spark app and the project’s home website. Those interested in advertising with Bitcoin Spark must pay for the service in BTCS. The ads will be run by the Bitcoin Spark community in a decentralized fashion through voting. Any ad flagged to have violated the community’s terms of service will be torn down from the ad spaces, and part of the amount paid will be disbursed to participants who voted against the network. The remaining lion’s share will be refunded to the advertisers.
Find out more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
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