Blockchain technology is a new tech reform that has captured a large audience in the last decade. This ledger system has inaugurated massive projects such as Ethereum, Bitcoin, and Fantom that are a success to date. Fantom is a platform that was created to improve issues relating to scalability in the ecosystem. However, the project has had a massive drawdown as users flee to more promising projects like Bitcoin Spark. Bitcoin Spark will make individuals generate more revenue in the decentralized ecosystem.
What is Fantom Crypto?
Fantom crypto is a blockchain platform that uses smart contracts to facilitate Web3 transactions. The platform utilizes a consensus mechanism called Lachesis to solve problems such as scalability in other blockchains. The native token of the network is FTM which is the fuel for the ecosystem. Although Fantom is widely known among crypto enthusiasts, the project has recorded a decrease in daily users and transactions, paving the way for start-up projects like Bitcoin Spark.
Bitcoin Spark Will Become Top Blockchain
The decentralized ecosystem came to the financial universe to liberate individuals from the centralization within the monetary systems. Once an individual deposits their asset to the bank, power is given to the bank, and they lose total control of their fiat to fractional reserve banking. Therefore, Satoshi Nakamoto saw the need for blockchain to set a place for participants to have liberty with their finances. Bitcoin was hence developed as the digital currency used for peer-to-peer transactions. However, the blockchain platform has a slower TPS (transaction per second), which increases transaction costs.
Bitcoin spark is considered the new network that counters difficulties emitted by Bitcoin and Ethereum networks. The project aims to solve transaction speeds by improving the number of individual transactions in a single block. Bitcoin mining is governed by huge players, such as large firms that own 50% of the activity. Bitcoin Spark has solved the problem by renting processing powers to users and reducing the energy required during mining. Anyone can mine from an electronic device with internet from 50 Mbps.
The native token for Bitcoin Spark is BTCS. BTCS is used for conducting transactions within the community. Participants who actively engage in the project will receive rewards. The total supply of BTCS is 21 million, but the supply during launch is 4.55 million.
The tokens will be released to public ICO, mining rewards, team tokens, liquidity, and exchanges. The ICO phase stage 1 is set to commence on August 1st with a temporary pegged price of $1.50. Clients who partake in the first ICO will receive an 800% profit during the project launch on November 30th. All purchases made during the ICO phase 1 will receive a 20% bonus and more BTCS tokens than they pay for.
Bitcoin is a significant platform in the ledger system but does not have various means of revenue generation. Bitcoin Spark has developed modest revenue generation methods through primary and secondary means. The primary revenue source will be acquired from the processing power the platform lends to virtual clients at a cost. 3% of the revenue will head to the team for income, maintenance, and upkeep. The secondary revenue will be acquired through advertisements on the website and the network’s application.
Conclusion
Have you ever wondered whether there would be a better replacement for Bitcoin that could have improved functionalities than other networks? Bitcoin Spark is the alternative for the crypto grandaddy (Bitcoin) as it utilizes the proof-of-process (PoP) mechanism. Proof-of-process combines proof-of-stake and proof-of-work and a strategic mathematical system that hinders centralization in mining.
For more information:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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