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Investing in established crypto projects offers a safety net for investors seeking financial instruments to store their monetary value. Many enterprising participants see Bitcoin and Ethereum as the best cryptocurrencies to invest in. While Bitcoin and Ethereum remain the largest cryptocurrencies regarding market capitalization, investors still choose to invest in smaller crypto projects with utility and the potential to make significant returns on investment. Such projects include Bitcoin alternatives like Bitcoin Spark and Bitcoin Cash.
Why is Bitcoin Cash special?
Bitcoin Cash is a digital asset developed as a Bitcoin alternative to solve some of the challenges that devs and network participants face on the Bitcoin network. The network was designed to allow more transactions in one block than those experienced on the Bitcoin network. Increasing the transaction size also had a ripple effect of reducing transaction speeds and decreasing the time for each transaction to complete. Like most Bitcoin alternatives, Bitcoin Cash shares its tokenomics with Bitcoin.
Bitcoin Spark will outperform Bitcoin Cash
Bitcoin alternatives like Bitcoin Cash and Bitcoin Spark have appeared on the radar of investors as assets that could potentially yield high returns. However, Bitcoin Spark is showing signs of outperforming Bitcoin Cash and offering investors better returns. The project has its native token, BTCS, which is currently on the Ethereum mainnet. The project is currently on presale, selling its BTCS tokens at a significantly discounted price of $1.5. Compared to the current BCH and BTC valuation per coin, BTCS is significantly undervalued.
Bitcoin Spark is a significant upgrade of the Bitcoin network. The project utilizes the Proof of Process consensus mechanism, combining Ethereum’s Proof of Stake and Bitcoin’s Proof of Work systems. The two models will work hand in hand with a specially curated algorithm that will standardize rewards for miners mining BTCS as well as staking participants validating transactions.
Unlike Bitcoin and other traditional cryptocurrencies, Bitcoin Spark aims to develop a gasless ecosystem where transactions will be feeless. But how will miners and validators get rewards? Network validators (including miners and staking participants) will get rewards from the mining pool of BTCS set aside by the project’s development.
The pool has 16.45 million BTCS tokens, equivalent to 78.33% of the total supply of BTCS. This pool will run for 120 years which is enough time for the developers to work on two external revenue sources, which will include lending out processing power to companies and individuals as well as advertising on their website and mobile applications.
Like Bitcoin, Bitcoin Spark also uses mining to run the network. However, as with Bitcoin mining, Bitcoin Spark’s mining process will require less electricity and less sophisticated mining equipment.
Therefore, Bitcoin Spark’s mining process will put the desired electricity and processing power to work, and the excess lent out in exchange for BTCS tokens. This will be the primary source of income for the project. 3% of the income generated from this revenue source will be directed to the Bitcoin Spark team. The rest 97% will be distributed to the community members and network participants, including miners and validators.
Advertisers will also get slots on the platform’s mobile applications and the website to boost their businesses and products to the Bitcoin Spark community. They will be required to pay for the service in BTCS tokens which will be distributed to the Bitcoin Spark team as well as the community members in a ratio of 1:1. Buy BTCS tokens and become a part of this emerging crypto ecology.
Find out more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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