Bitcoin has not only had a head start against other digital currencies but also paved the way for further project inaugurations in the blockchain ecosystem. Projects such as Ethereum developed as alternatives for Bitcoin, introducing pertinent features such as smart contracts. Smart contracts have increased the efficiency in the crypto industry.
Another alternative that has created huge traction in decentralized finance is Bitcoin Spark. The platform has salient fundamentals that the ledger technology requires. Despite being in its initial phase, the project has managed to attract Ethereum whales. A significant indication of a potential surge.
Bitcoin Price History and Performance
According to the leading price tracking website in the world, Coinmarketcap, Bitcoin’s price plunged amid the bearish market. The digital currency is yet to hit its all-time high of $69k. However, crypto analysts and blockchain enthusiasts on social media believe that the virtual currency might surge during the estimated bull run in 2024. Others believe that early market movements based on previous trends depict that the crypto market upsurge might happen during the last quarter of 2023.
Bitcoin Spark the Next Huge Crypto
Bitcoin Spark is considered the next big thing in the cryptocurrency industry. The project seeks an extensive upgrade of blockchain technology. Already, the platform has key features that promote decentralization, improving performance in the ledger community.
The project aims to create more advanced revenue generation options so that investors can have passive income after investing in the ecosystem. Going forward, two prominent auditing platforms, Contract Wolf and Vital Block, have conducted thorough and comprehensive audits of the platform, ensuring entrepreneurs of security of the ecology.
The remote call procedure (RPC) is a process that enables decentralized users and applications to access the blockchain network. RPC enables participants to seek transaction history or block data and perform actions, including invoking smart contract functions. Bitcoin Spark has an official RPC with multiple layers, enabling providers to give out 2 data streams separately in a series.
Interacting with a blockchain network will require a unique wallet operation communicating with distinct layers consecutively. Therefore, Bitcoin Spark’s wallet is the only wallet available during the release of the mainnet. The platform will announce the required RPC upon the official test net launch.
A roadmap is critical for the identification of a developing project. Therefore, Bitcoin Spark has a clear roadmap that depicts a futuristic development. The decentralized network has a unique revenue generation strategy that will encompass primary and secondary methods. Primary methods will entail renting processing power to external entities or individuals.
The processing power will be used to perform hard computational operations such as video rendering and advanced equations. Bitcoin Spark’s team will take 3% of the revenue collected as income and upkeep. The secondary revenue generation method will be done through advertisements.
The platform will allow small portions of unused spaces on the applications and website for promoting brands. Nevertheless, community members have a voting degree when it comes to advertisements. Adverts that fail to reach the standards and needs of the participants will be removed after a checkup by a team member.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
