Home
News
Cryptocurrencies have decentralized wealth creation, which is often attributed to the rich. Most investment opportunities require heavy capital, which prevents most retailers from accessing and benefiting from the investment vehicle. However, investing in cryptocurrencies gives equal opportunities to everyone regardless of social stratification or background. Even with limited capital, investors who position themselves well profit significantly from the market’s volatile movement. While investing in Bitcoin could generate significant wealth, investors are looking at Bitcoin Spark for potential financial freedom.
What is Bitcoin?
Bitcoin is an old-generation blockchain developed as the first digital currency powered by distributed ledger technology. The digital asset has grown to an enormous market capitalization in recent years following its mass adoption. Bitcoin penetrated the public consciousness in the last bull market and is currently on track to challenge its all-time high price of $69k. While Bitcoin remains the dominant digital asset in the entire market, the gap between the dig virtual currency and Bitcoin is slowly increasing. Altcoins like Bitcoin Spark are getting more attention than Bitcoin, a clear indication that the market is transforming to foster the development of innovative utility crypto projects.
What is Bitcoin Spark?
Bitcoin Spark is a Bitcoin alternative hard fork developed to solve some of the industry’s most grossing hindrances. Bitcoin was developed to offer a decentralized currency free from government and regulatory interference. The network uses a proof of work consensus that rewards miners for operating the network’s activities. However, Bitcoin’s utility is limited to the digital currency provision, an attribute considered a speculative asset that investors, firms, and institutions consider an untapped investment opportunity.
Bitcoin Spark offers netizens the complete Web3 package consisting of a smart contract, a high-performance blockchain, and an in-built earning system. The platform also has its native digital currency, BTCS, which offers the same provisions as Bitcoin’s. BTCS will be used as an investment opportunity since its prices are likely to increase exponentially as the project gains mainstream attention. The tokens have a maximum supply of 21 million tokens, making the platform deflationary, further complementing the BTCS price surge. The BTCS tokens can also be used as normal currencies to buy goods and services.
The Bitcoin Spark ecosystem also hosts one of the most advanced smart contracts in the DeFi ecosystem. This layer allows individual developers to use different programming languages (both high-level and low-level languages) like Solidity and Vyper.
Bitcoin Spark’s ICO is in phase 9 out of ten phases. The project has completed 8 phases, raising over $5 million in just a few weeks. The current market price of a single BTCS token is $3.50, and all investments made during phase 9 are eligible for a 5% bonus deposited to the user’s account in BTCS. Investors who wait til phase 10 begins will only get a 4% bonus from their purchases, and the price of one BTCS will increase to $3.75.
The Bitcoin Spark developers are taking the protocol’s security seriously. Currently, the platform is running beta tests on the mainnet, which is scheduled for release soon after the ICO ends. The beta tests are being handled by testers recruited randomly to interact with the execution layer of the platform’s smart contract as the team simulates the network’s progress and potential vulnerabilities. Simultaneously, Bitcoin Spark founders have hired a group of three white hat hackers to try to hack the protocol for improvement.
For more information:
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.
