While Bitcoin remains a cornerstone of the crypto market, seasoned investors diversify their portfolios and seek opportunities in the fast-paced and expanding blockchain landscape and decentralized technologies. As rapid and varied developments drive the ever-evolving cryptocurrency arena, seasoned investors are aligning to and accumulating Fantom, Near Protocol, and Bitcoin Spark.
What is NEAR?
NEAR Protocol is a smart contracts blockchain designed to encourage a network of computers to create a platform for dApps. It uses sharding to divide the network into segments, reducing the workload for individual computers. NEAR makes data retrieval more efficient and allows the platform to scale. It operates using a Proof-of-Stake (PoS) system and serves as a decentralized platform for cloud computing. NEAR competes with other smart contract blockchains like Ethereum, EOS, and Polkadot. Its native token, NEAR, is used for transaction fees and value storage and can be staked by token holders to participate in network consensus. The platform emphasizes user and developer friendliness while operating similarly to centralized data storage services like Amazon Web Services. Transaction validators receive a NEAR token reward, equivalent to 4.5% of the total annual NEAR supply. Smart contracts developers earn a share of the transaction fees generated by their contracts. The remaining portion of these fees is burned, increasing the scarcity of the NEAR token. NEAR also has a protocol treasury, which annually receives 0.5% of the total NEAR supply to invest in ecosystem development. The current NEAR price is 90+% lower than its all-time high of $20.42.
Bitcoin Spark (BTCS)
Bitcoin Spark is a smart contracts Bitcoin fork with a new blockchain technology. Its existence is inspired by its quest to address the prevalent cryptocurrency issues of scalability, cost, and speed while addressing inclusivity in the crypto sphere. BTCS rolls out a refined consensus mechanism, Proof of Process, featuring PoS and PoW integration. BTCS miners contribute computational resources and stake for rewards. The platform rents out the contributed processing power to individuals and institutions requiring GPU usage. Thus, it empowers users with limited resources to participate in mining and earn rewards regardless of their stake. The rewards are spread evenly through the Bitcoin Spark mining application, which employs advanced algorithms in reward distribution.
Bitcoin Spark’s ICO has tremendously risen to phase nine at a BTCS price of $3.50 as the November 30 launch date beckons. BTCS will launch at $10, generating to ICO holders returns of 300% or more for the early adopters. According to analysts, BTCS is on course for an explosive launch, making it a potential 100x project that has attracted veteran investors. BTCS guarantees sound infrastructure and a compliant ecosystem, having undertaken strict audit and KYC processes. As a result, BTCS appeals to new investors and veterans diversifying their portfolios into fast-rising projects.
Fantom (FTM) is a cryptocurrency project and smart contracts blockchain platform designed to provide fast and scalable solutions for decentralized applications. It addresses the scalability issues faced by many blockchain networks using the Lachesis consensus mechanism that allows Fantom to process transactions quickly and securely. Fantom’s native cryptocurrency, FTM, serves various purposes within the network, including paying transaction fees, participating in network governance, and staking. Fantom’s ecosystem includes various projects with innovative approaches to blockchain scalability issues. The current Fantom price at $0.24 is 93% below its ATH of $3.48.
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