Cryptocurrencies have constantly displayed a volatile nature, which has always piqued investor interest in taking advantage of the market. Bitcoin has garnered immense attention over the years based on its price movements, above-average investment returns, and market dominance. Despite being a pioneer cryptocurrency, Bitcoin faces a lot of limitations that a new competitive new project, Bitcoin Spark, intends to solve.
Bitcoin Market status
Bitcoin has been a major player in the digital space. It has exhibited potential in the past based on price movements and corrections since its launch in 2008 by Satoshi Nakamoto. Following its up and down price movements, Bitcoin remains strong in maintaining its top position despite price influences based on investor sentiments and regulatory developments. Due to its volatile nature, most investors still need to accurately predict its future market status and thus seek suitable and profitable alternatives. Bitcoin Spark presents this alternative with incredible benefits for every investor.
What is Bitcoin Spark?
Bitcoin Spark is a decentralized digital asset that targets and addresses Bitcoin’s limitations. The project leverages state-of-the-art blockchain technology and seeks to advance and revolutionize crypto asset utilization. Bitcoin Spark employs a new blockchain technology termed Proof-of-Process (PoP). This mechanism allows Bitcoin Spark to implement solutions to some of the challenges faced by the first-generation crypto, Bitcoin. Among them are slower transaction speeds, increased transaction fees, and an overload of transactions.
The project also has its own approach toward reward distribution that doesn’t directly correlate to the more you stake, the more you earn. However, the processing power made available to the network is used by its clients, who rent the network power for remote computing processing for high GPU or CPU load tasks.
Bitcoin Spark uses the Proof-of-Process technology that blends the Proof-of-Work and Proof-of-Stake mechanisms. The system rewards validators and miners for confirming the network blocks and providing processing power to clients using the network for computational tasks. The Bitcoin Spark application will include a reward calculator, and investors can easily monitor and manage their assets. The application will also allow all participants to begin mining BTCS tokens from the comfort of their homes.
Bitcoin Spark has a maximum token supply of 21 million, just like Bitcoin. Its initial coin offering during its launch is approximately 21.66% of this maximum supply, accounting for 4.55 million tokens. The project will begin phase one of its ICO in August 2023 and offer tokens tagged at $1.50 with a 20% bonus reward traveling a launch profit of 800%. This presents an opportunity for new investors to join the crypto network and make significant gains.
Conclusion
Bitcoin has seen fluctuations in its price over the years and softly showing stable features. However, its volatile nature has made it difficult for investors to accurately predict and take advantage of the market. Bitcoin Spark has provided solutions to various challenges faced by Bitcoin and is set to be its alternative in the future. Bitcoin Spark offers an array of solutions and benefits to its users.
Find out more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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