Amidst the encouraging developments within the crypto space, investors wonder what crypto to buy now. On that note, industry watchers suggest Bitcoin Spark (BTCS) is igniting a new era in cryptocurrency with its new technology and could possibly be the next 50X coin.
Will crypto recover?
Despite experiencing periods of volatility and market corrections, the increasing adoption of blockchain technology by mainstream companies, the growing interest from institutional investors, and the development of innovative use cases, such as decentralized finance (DeFi) and non-fungible tokens (NFTs), all indicate a promising future for crypto. Additionally, governments and regulators are gradually providing clearer guidelines, which enhance investor confidence and pave the way for broader acceptance. With ongoing advancements in technology and a global shift towards digital finance, it is likely that cryptocurrencies will not only recover but also thrive in the years to come.
Bitcoin Spark (BTCS): The next era of crypto
Bitcoin Spark is a Bitcoin (BTC) hard fork. However, it is significantly different from any other fork on the blockchain as it doesn’t merely replicate its predecessor’s network. Nonetheless, it maintains the scarcity supply factor of BTC by having a limited supply of 21 million BTCS.
The Bitcoin Spark blockchain has a lower block time, higher transaction capabilities per block, and a significantly larger number of network nodes. This ensures fast transaction processing and low gas fees, making Bitcoin Spark a great network for micro and day-to-day crypto transactions.
Additionally, Bitcoin Spark’s infrastructure has multiple layers to ensure scalability and versatility. The layered design includes a smart contract layer with separate execution systems, all reaching finality on the main network. This allows developers to use a wide range of high-level and low-level programming languages, establishing Bitcoin Spark as a robust platform for potentially diverse smart contracts and decentralized applications (DApps).
The Proof-of-Process (PoP) consensus mechanism is perhaps the most striking feature of Bitcoin Spark. This blend of Proof-of-Work (PoW) and Proof-of-Stake (PoS) requires miners/validators to provide processing power to the network in order to confirm blocks and earn rewards. However, the PoP exponentially decreases rewards per additional power, resulting in a fairer reward distribution. The nonlinearity of the rewards, coupled with the extensive network nodes, enables even those with low-powered devices to engage in the network validation process. In fact, the Bitcoin Spark team will launch a network validation application compatible with Windows, Linux, Mac OS, iOS, and Android devices.
Users will simply need to install the Bitcoin Spark app and grant it access to their device’s processing unit, among other permissions. The application will create a virtual working environment isolated from the device’s operating system functions to ensure security. The app will also regulate the processing power used to prevent overheating, conserve battery, and accommodate simultaneous device usage requirements.
Bitcoin Spark will then efficiently and securely rent out the contributed processing power to institutions and individuals seeking additional computing resources, with payments required in BTCS. By embedding remote processing into how transactions reach finality on the network, Bitcoin Spark fosters a self-sustaining and open product that has legitimate revenue streams in both bullish and bearish cycles, creating true sustainability. Notably, network validators will get 97% of the revenue generated in addition to newly minted BTCS and transaction fees from validating blocks. The remaining 3% will be used for continued development and maintenance.
Additionally, the Bitcoin Spark application and website and application will feature small spaces for advertisements on its application and website, effectively merging its ecosystem with the rapidly expanding marketing industry. The ads will be community-policied, with any BTCS holder having the ability to vote to remove an ad based on a number of factors. The Advertisers will pay using BTCS, and network participants will receive half of the revenue plus additional incentives for maintaining the security and integrity of the advertising.
The Bitcoin Spark Initial Coin Offering (ICO), which has received significant praise and investments since it started, recently entered phase 7. BTCS is now selling at $3.00, with a 7% bonus and other associated benefits. Bitcoin Spark’s innovative technology, real-world applicability, limited supply, and low market capitalization allow for unprecedented price surges, with 50X being a practical target.
For more on Bitcoin Spark:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
