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A promising Bitcoin fork built on Ethereum has earned a niche in the cryptocurrency space. Bitcoin Spark enters the crypto arena with a unique proposition: combining the efficiency of Ethereum’s smart contracts with the foundational principles of Bitcoin’s decentralization.
Bitcoin Spark (BTCS): Two Worlds in One Package?
BTCS proposes a Proof-Of-Process (PoP) blockchain technology, a product of PoW and PoS. The genesis of the BTCS idea emanated from the shortcomings of Bitcoin due to lack of scalability, waning decentralization, slow processing speeds, high transaction costs, and the absence of smart contracts. BTCS Spark strives to solve these challenges through its PoP technology, which rolls out an exciting solution starting with the entry through to miners’ reward distribution.
The BTCS platform will introduce an application that ushers users to its ecosystem, streamlining mining, validation, rewards, and access to future products like the BTCS wallet and upcoming dApps. This ecosystem places a strong emphasis on security and accessibility for network miners. It achieves this by allowing participants to validate transaction finality through a distinctive non-linear rewards system driven by a sophisticated algorithm. BTCS’s mainnet launch showcases a robust application compatible with various operating systems and compatibility with devices. This application empowers miners to dedicate their device’s processing power to the network. Initially, this involves solving hexadecimal hash puzzles using Proof of Work (PoW), with rewards structured in a non-linear manner to prevent excessive mining power centralization. Miners retain the ability to customize their device resource allocation for mining, promoting adaptability and flexibility. This application operates within a secure virtual environment not linked to the device’s operating system, ensuring miners’ safety while they are compensated for their valuable contributions.
BTCS has fortified its systems and is secure and compliant as per the KYC and smart contracts audit. With this assurance, BTCS runs an ICO currently at phase two at $1.75 and offers a 15% bonus for early adoption. Imagine acquiring Bitcoin when it was at $1. BTCS expects an ROI of 657% on investors’ initial investment.
Bitcoin Spark integrates smart contracts into its ecosystem, adding a new layer of functionality to its platform. With the incorporation of smart contracts, BTCS aims to expand its use cases and enable more complex and automated transactions on its blockchain. This development brings BTCS closer to the capabilities offered by platforms like Ethereum, which are known for their extensive smart contract functionalities. As BTCS continues to evolve, the addition of smart contracts could attract a wider range of developers and users looking to leverage the benefits of programmable blockchain technology.
How much is a Bitcoin worth
The current Bitcoin price at the time of writing was $29,103.32 with a market cap of $1,135.16 B. It is paramount to note that this figure constantly changes and fluctuates as Bitcoin is actively trading in exchanges. As such, keeping up with Bitcoin news helps get an updated BTC price.
Will Ethereum go up
Ethereum’s advanced blockchain technology is defined by its smart contracts. Currently priced around $1,734, Ethereum ranks as the second-largest cryptocurrency with a market cap of $215 billion. Approximately $200+ billion worth of Ethereum is in circulation, based on around 120 million ETH. Ethereum has been pivotal in shaping the blockchain and cryptocurrency landscape by providing a platform for decentralized app development and technological experimentation. ETH price prediction foresees Ethereum’s price reaching $3,500 by 2025. However, its present value fluctuates between $1,700 and $2,000. While Ethereum holds promise for the future, its short-term performance remains uncertain.
Wrap Up
BTCS’ fusion of PoS and PoW promises to revolutionize digital transactions by offering solutions to some of the challenges Ethereum and Bitcoin face.
Find more on BTCS and ICO here:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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