Bitcoin Spark (BTCS) has been at the center of crypto news in August. And notably, investors suggest it has an edge over Aptos (APT) and Polygon (MATIC).
What is Bitcoin Spark?
Bitcoin Spark is a new Bitcoin hard fork. The project, while retaining the favorable aspects of Bitcoin, introduces new features that could propel its growth and adoption. First, it ensures lower costs and faster processing of transactions by reducing the time per block, enhancing individual block transaction capacity, and substantially increasing the number of nodes.
The Bitcoin Spark network will also support smart contract development, with developers being able to choose between low-level and high-level programming languages. This is attained through separate smart contract execution systems with singular network finality. Bitcoin Spark will therefore encourage a broader range of developers and smart contract styles on its platform, creating a more diverse and robust ecosystem.
One of the most interesting aspects of Bitcoin Spark is that anyone can mine BTCS. The network uses a proprietary consensus mechanism known as Proof-of-Process (PoP), which rewards miners for confirming blocks and providing their mining devices’ processing power. The Bitcoin Spark development team will provide a mining application that is compatible with all the widely-used operating systems, which will enable users to mine by providing access to their device’s processing unit. The application will be safe, working in a virtual environment that doesn’t interfere with any other part of the device. It will also automatically limit the resources it uses, accounting for overheating, battery, and simultaneous usage requirements.
Bitcoin Spark will rent out the processing power of the miners to clients in need of remote computing power, who will then pay with BTCS. The revenue generated is allocated to the mining pool, supplementing the mining rewards.
The Bitcoin Spark Initial Coin Offering (ICO) is now in Phase 2, selling BTCS at $1.75 and including a 15% bonus. Remarkably, investors at this level will get a 657% increase in investments by the end of the ICO.
What is Aptos?
Aptos is an L1 (layer-1) blockchain that was launched in October 2022. It’s a Proof-of-Stake (PoS) blockchain using the Move programming language and a parallel execution engine. The crypto community criticized aptos (APT) for being centralized and heavily venture capital-backed. Nonetheless, it has gained recognition due to its creators, who came from Meta (Facebook) and bold claims of unparalleled security, speed, and scalability.
Polygon price prediction
The Polygon (MATIC) price has been on a decline since it was rejected by a crucial horizontal resistance area, subsequently breaking down from a shorter-term pattern. The weekly and daily time frame price action and RSI readings suggest a continued downtrend, potentially reaching the $0.60 support area. However, a significant bounce and reclaim of the ascending support line will mean a potential trend reversal.
Conclusion
Bitcoin Spark’s emergence challenges more established players like Aptos and Polygon. Investors’ keen interest underscores its potential to reshape the landscape, adding a new dimension to the evolving crypto narrative.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
