With crypto investors constantly looking for the best altcoin to buy, market watchers suggest Bitcoin Spark (BTCS) offers an unbelievable opportunity as it is set to launch amidst a bullish market reversal.
What is Bitcoin Spark?
Bitcoin Spark is a new Bitcoin hard fork, but isn’t just another run-of-the-mill clone. This forward-looking blockchain comes equipped with numerous changes and technologies that distinguish it from its predecessor and set it on its own path to success. However, it remains true to its roots by having a capped supply of 21 million BTCS coins.
The Bitcoin Spark blockchain is capable of processing a larger number of transactions per second while maintaining lower fees. It achieves this through its increased individual block transaction capabilities, low block time, and massive number of nodes. Moreover, the blockchain is ingeniously designed with multiple seamlessly integrated layers, enhancing its scalability. It has a dedicated smart contract layer with distinct execution systems that reach a singular network finality, allowing for a variety of programming languages, both high-level and low-level. This makes Bitcoin Spark a robust platform capable of supporting a wide range of smart contracts and decentralized applications (Dapps).
Bitcoin Spark employs its own consensus mechanism, known as Proof-of-Process (PoP). This cutting-edge mechanism rewards users for confirming blocks and contributing their processing power to the network. However, the PoP reduces the incentives per additional processing power exponentially. The synergy of this mechanism with the extensive network of nodes allows for a significantly large number of validators. To further the accessibility of the validation process, the Bitcoin Spark team is set to launch a user-friendly and lightweight network validation application compatible with iOS, Android, Windows, macOS, and Linux devices.
One of the most intriguing aspects of Bitcoin Spark is its potential to serve as a network resource for remote computing. Individuals and institutions undertaking CPU or GPU-intensive tasks will be able to efficiently harness the processing power contributed by validators in exchange for BTCS. Network validators will receive 97% of the revenue generated, in addition to transaction fees and newly minted BTCS from confirmed blocks. This innovative model is seen as a cross between traditional Proof-of-Work (PoW) and Proof-of-Stake (PoS) mechanisms, offering a fresh perspective on blockchain validation.
Bitcoin Spark doesn’t stop there; it also integrates with the burgeoning marketing industry. The platform incorporates unobtrusive ad slots on its application and website, adhering to decentralization principles by allowing for community policing and monitoring. Advertisers will transact in BTCS, while network participants will receive 50% of the revenue generated, along with extra incentives for maintaining the advertising guidelines.
The Bitcoin Spark network has undergone rigorous smart contract audits to ensure security and reliability. The team behind the project has also undergone Know Your Customer (KYC) audits, demonstrating their commitment to transparency.
The Bitcoin Spark launch
The Bitcoin Spark launch is making waves as the project enters the second-to-last phase of its Initial Coin Offering (ICO), driving its price up to $3.25. Investors in this phase (Phase 9) get a 5% bonus and an opportunity to acquire additional tokens at no extra cost. As the crypto project prepares for its official launch at $10 on November 30, Phase 9, investors are poised to reap an incredible 300% return, with a staggering 800% return for the investors who got in the first phase. Adding to the excitement is the anticipation surrounding the upcoming Bitcoin halving event in 2024, a significant indicator of an imminent crypto bull run. Analysts have quickly pointed out that Bitcoin Spark’s innovative technology, real-world applications, limited supply, and low market capitalization, combined with its strategic launch timing, create a perfect storm for a massive price rally.
While there are risks involved and proper, personal research is required before investing, Bitcoin Spark (BTCS) could be one the best crypto to buy before 2024.
For more on Bitcoin Spark:
Buy BTCS: https://network.bitcoinspark.org/register
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Photo by Christian Wiediger on Unsplash