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The crypto market has struggled to keep up amid intensifying regulatory pressures for the past few months. However, the BTC price is starting to show signs of recovery with increasing bullish news about Bitcoin ETF applications. The Delphi Institute studies indicate that Bitcoin is soon beginning an upward trajectory towards achieving its all-time high price of $69k in twelve months or less. As the entire market braces for a blast, Solana and Bitcoin Spark are the cryptocurrencies to buy alongside Bitcoin to maximize returns in the bull market.
What is BTCS?
BTCS is a digital asset developed to power the Bitcoin Spark ecosystem by serving as a governance cryptocurrency and used to pay transaction fees on the Bitcoin Spark mainnet. This ecosystem is scheduled for official debut after Bitcoin Spark’s running ICO terminates. The ICO is in phase 8 out of ten phases, and each BTCS token retails at $3.25, accumulating a 6% bonus for all purchases.
The price of BTCS tokens is relatively low compared to the intrinsic value of the project and the level of utility the platform is introducing to the Web3 ecosystem. The Bitcoin Spark network aims to become a remarkable network with incredible transaction speeds, reduced transaction costs (that will ultimately be eliminated after two years), a Vital Block audited smart contract layer, and a decentralized mining infrastructure that favors all miners.
Bitcoin Spark’s ultimate goal is to become the leading Bitcoin hard fork in the entire crypto industry, overtaking competition by solving more Bitcoin Challenges as well as paving the way for innovation and technology advancement through smart contracts. Bitcoin Spark’s key allure is its mining infrastructure developed under a new consensus mechanism called proof-of-process. Bitcoin Spark developers analyzed the mining activities on the Bitcoin network, concluding that the process wastes a lot of energy and is highly centralized.
To avoid similar repercussions on Bitcoin Spark’s mining activities, the developers have initiated the progress of an improved mining environment for miners. Mining BTCS will involve solving basic arithmetic calculations that do not require high energy volumes or sophisticated mining equipment. Instead, miners will use low-power devices, such as mobile phones and laptops that run under regulation commands from a pre-installed mining application.
Bitcoin Spark’s smart contract is unique, with parallel layers accommodating multi-language development for low-level and high-level languages. This smart contract layer is compatible with any Ethereum bytecode programming language that is not limited to Solidity and Vyper only.
What is Solana?
Solana is a high throughput blockchain with outstanding transaction speeds and an improved proof of stake consensus variation called proof of history. The network advocates scalability and interoperability, which have become buzzwords in the DeFi world. Solana’s main objective is to dethrone Ethereum and become the leading smart contract platform. However, the platform received backlash from the crypto fraternity after investigators revealed its close ties with derailed crypto exchange FTX. The aftermath was so rough for Solana that investors fled the network to other promising crypto networks. Some have taken advantage of Bitcoin Spark’s massively discounted ICO prices.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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