Home
News
Solana is among the top smart contracting platforms that have played a critical role in reshaping the Web3 industry. The platform spearheads innovation and advanced technology by deploying decentralized applications and offering a cheaper alternative for developing Web3 economies. Despite its involvement with derailed major crypto exchange FTX, Solana has continued to push its Web3 and Web2 products and services to its users. One such investigation is its launched smart device, an advanced, high-performance mobile phone that links Web2 and Web3 ecosystems.
Features of Solana’s Smartphone
The platform recently debuted a $1,000 smartphone device with an Android flagship on May 8, 2023. The smart device will be an ordinary smartphone with improved capabilities and advanced features. Besides a 12MP ultrawide camera and a 50-megapixel primary shooter, the smart device has an exquisite Snapdragon Qualcomm flagship-level 8+ Gen1 processor linked to 12GB RAM that makes the device suitable for running complex virtual experiences, including high-performance games and software mining activities for lightweight networks such as Bitcoin Spark.
How to Mine BTCS
Mining cryptocurrencies was initiated by Bitcoin’s proof of work consensus mechanism. While proof-of-work is heavily criticized for high transaction costs, low transaction speeds, limited scalability, and a centralized mining framework, the network validation process is secure. Bitcoin Spark’s advanced features have adapted the proof-of-work consensus alongside proof-of-stake, embracing the advantages of the two consensus mechanisms to develop a stable network. Bitcoin Spark miners will mine BTCS tokens when validating transactions and verifying the legitimacy of new network blocks.
Due to advanced technology, Bitcoin Spark developers found a way to tap into the merits associated with proof-of-work and eliminate the network validation process’s disadvantages to smoothen the Spark mainnet’s mining process. This way, mining BTCS will be simpler and more efficient through a lightweight network. The developers will put the proof of work into use by advancing the underlying Contract Wolf audited smart contract to tap idle processing power through the mining layer of the smart contract.
The mining process will run on the Bitcoin Spark mining application developed to run on smart devices powered by Android and iPhone. It means that the new Solana mobile phone will also get access to the mining application, opening up the Bitcoin Spark ecosystem to Saga users.
The mining process will consume the device’s Random Access Memory (RAM), Central Processing Unit (CPU), and Graphics Processing Unit (GPU) in a way that does not affect the mining device’s typical use cases. Miners will have the opportunity to set the device’s performance rate according to the use cases of the device. For instance, during the night, when the device is of less use, the miner may opt to set the mining performance to 95%, and during the day, when the device is at its peak use, the mining performance may be set to 50%.
Allowing mining to occur on smart devices instead of sophisticated and expensive mining equipment increases the number of miners and thus reduces the chances of centralization in Bitcoin. It will take a lot of consensus between many miners to finally achieve a 51% attack on the Bitcoin network, making the Spark mainnet more secure than that of Bitcoin.
Bitcoin Spark’s ICO is almost ending, allowing investors to redeem their financial choices by buying BTCS tokens at a cheaper rate of $3. The ICO is in phase 7 out of the planned ten phases.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
