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/
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