The crypto market’s next predicted bull run is quickly approaching. And experts suggest you should take this chance to capitalize on Bitcoin Spark (BTCS) and Bitcoin Cash (BCH).
Bitcoin Cash (BCH) is a cryptocurrency that emerged in August 2017 through a hard fork of the Bitcoin blockchain. It was created to address Bitcoin’s limitations on transaction speed and cost-effectiveness, which was achieved by expanding the block size. Therefore, Bitcoin Cash maintains many aspects of Bitcoin, including using a Proof-of-Work (PoW) consensus mechanism and having a limited supply of 21 million. It however distinguishes itself by offering faster and more affordable transactions, making it a more practical choice for everyday transactions when compared to Bitcoin.
Bitcoin Spark is the latest Bitcoin fork. This innovative fork retains only the favourable aspects of BTC, such as the capped supply of 21 million, while introducing changes steered towards bringing a new age of crypto.
To ensure the network has faster transactions and lower gas fees, it will have increased individual block transaction capabilities, reduced block time, and a heightened number of nodes.
Bitcoin Spark boosts its utility by supporting smart contracts. The network will have an integrated smart contract layer that enables developers to use multiple programming languages, both high-level and low-level. This unique approach will promote many smart contract styles and decentralized applications (Dapps) within Bitcoin Spark.
Notably, the Bitcoin Spark network uses a proprietary consensus mechanism, the Proof-of-Process (PoP). The PoP rewards miners for validating blocks and providing network processing power. Bitcoin Spark uses the PoP in combination with an algorithm that restricts linear rewards based on raw processing power to ensure a more equitable distribution of rewards. The Bitcoin Spark team will provide an application that can be installed on all Windows, Linux, Mac OS, iOS, and Android devices and enable users to mine by granting access to their device’s processing unit. The application creates a virtual environment separate from the device’s processing unit to ensure security. The app will also adjust the device resources used for mining to account for overheating, battery, and simultaneous usage needs. Thus, the work and power required to mine BTCS is relatively lower, opening it up to virtually anyone.
The miners’ processing power will be rented out to organizations and individuals who require significant computational power. Those using the network for remote computing will pay with BTCS, which will be allocated to the mining pool, supplementing the BTCS minting rewards.
The Bitcoin application and website will have small, unobtrusive slots for advertisements. The community will be responsible for policing the ads, with any BTCS holder having a chance to vote out an ad based on several factors, including non-conformity to the platform’s guidelines. Miners and network participants will also share in the revenue made from this service.
Reviews of Bitcoin Spark suggest great growth potential. The progress of the project’s Initial Coin Offering (ICO) also suggests investors are confident in its prospects. The ICO is in Phase 3, selling BTCS at $2.00, which is complemented by a 12% bonus. Investing at this level guarantees a 560% profit by the end, and with Phase 4 starting on September 1st, investors are flocking to get these amazing benefits.
Bitcoin Cash (BCH) and Bitcoin Spark (BTCS) share some similarities with Bitcoin (BTC), suggesting potential for significant returns, especially in a favourable market. Nonetheless, you should still do your own research before making any commitments.
Website: https://bitcoinspark.org/
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
XRP price has struggled to move higher even as XRP exchange traded funds continue to…
Bitcoin price continues to move sideways after a quiet weekend, showing little momentum in either…
Interest in XRP exchange traded funds is growing quickly after another product received approval. Cboe…
Investors searching for the next high-upside opportunity are now comparing this $0.035 emerging crypto to…
The LINK price remains capped and under bearish pressure despite there being strong signs of…
Strategy, the company led by Bitcoin advocate Michael Saylor, has successfully held its place in…
