According to some experts, prosperity in crypto investments can be unleashed by forgetting Ethereum (ETH) and focusing on alternatives like Bitcoin Spark (BTCS).
Ethereum has undoubtedly gained worldwide attention and showcased substantial potential for profitability. As the pioneer of smart contracts and decentralized applications (DApps), it undeniably holds a prominent position in the world of cryptocurrencies and blockchain technology. However, the relatively high price of ETH has been a significant barrier for many potential investors, and the requirement of holding at least 32 ETH to become a network validator in Ethereum’s Proof-of-Stake (PoS) system has further limited entry for enthusiasts.
Bitcoin Spark has gained attention in the crypto world for its unique approach. It amalgamates the best of the existing protocols with new and innovative technologies to solve the limitations of its predecessors and usher in a new era of digital transactions.
The Bitcoin Spark blockchain has a shorter block time, enhanced transaction capabilities per block, and a vast number of nodes, features that result in higher transactions per second and lower gas fees. The blockchain is also designed with multiple, harmoniously integrated layers, boosting its scalability. Interestingly, among the layers will be a dedicated smart contract layer with separate execution systems that reach singular finality on the main network, enabling the use of a myriad of programming languages, including Solidity, Rust, Vyper, and all high-level languages compilable to EVM bytecode. This positions Bitcoin Spark as a robust and versatile platform capable of supporting diverse smart contracts and DApps.
Additionally, Bitcoin Spark uses its own consensus mechanism, the Proof-of-Process (PoP), which has been positioned as a cross between Proof-of-Work (PoW) and Proof-of-Stake (PoS). This groundbreaking system rewards users for validating transactions and contributing processing power to the network. However, it exponentially reduces rewards per additional power, creating a fairer distribution system. The nonlinear functionality of the PoP, combined with the extensive nodes, will allow for lower-power devices to run the network, opening up the opportunity for a much higher number of validators and leading a path toward genuine decentralization. To facilitate this, the Bitcoin Spark team is set to launch a user-friendly network validation application compatible with popular operating systems, such as iOS, Android, and Windows.
In a pioneering move, the Bitcoin Spark network will enable institutions and individuals seeking remote computing resources to effectively utilize the power contributed by validators, creating a decentralized CPU and GPU rental service. The service will be paid for in BTCS, and 3% of the earned revenue will go towards network development, with the remaining share going to network validators, who will also receive minted BTCS and transaction fees from validating blocks (mining).
Moreover, Bitcoin Spark’s application and website will have unobtrusive slots for advertisements, which will be paid for in BTCS and policed by BTCS holders. The network participants will receive 50% of the revenue generated, plus extra incentives for those involved in ad policing.
Bitcoin Spark is in the second-last phase of its Initial Coin Offering (ICO), with BTCS selling at $3.50, accompanied by a 5% bonus and other benefits. Notably, the Bitcoin Spark network has passed a number of third-party audits, attesting to its security and sustainability. The crypto is set to launch at $10 on November 30, and analysts have suggested that this strategic launch time, combined with a low market capitalization, could lead to unprecedented price surges. Additionally, Bitcoin Spark’s limited supply of 21 million coins, innovative technology, real-world applications, and community-centric approach have been highlighted as indicators of continued value increases.
While there are many other alternatives in the market, Bitcoin Spark (BTCS) makes a compelling choice, combining the best of its predecessors and more. Nonetheless, it’s advisable to conduct your own research before investing.
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