The steps of experienced traders and investors are significantly followed in the crypto space as they often lead to significant returns. That said, a veteran DeFi trader recently made a $125 call for Bitcoin Spark (BTCS).
What you'll learn 👉
What is DeFi?
DeFi, short for Decentralized Finance, is a groundbreaking financial ecosystem built on blockchain technology that aims to revolutionize traditional financial services by eliminating intermediaries such as banks. In DeFi, financial transactions and services are conducted directly between users through decentralized applications (DApps) and smart contracts on blockchain platforms. DeFi offers a wide range of services, including lending, borrowing, trading, yield farming, and more, all governed by transparent and autonomous code rather than centralized authorities. This innovative approach not only increases accessibility to financial services but also enhances transparency and security in the world of finance, making it a transformative force in the cryptocurrency and blockchain space.
What is Bitcoin Spark?
Bitcoin Spark is a new blockchain that seeks to solve the limitations of traditional blockchain networks. It provides a faster, cheaper, and more scalable platform for building and utilizing smart contracts and decentralized applications (Dapps).
Bitcoin Spark ensures fast and cost-efficient transaction processing by having a low block time, enhanced transactional capabilities per block, and a massive number of nodes. It ensures scalability by using a multi-layered design, which includes a separate smart contract layer with multiple execution systems that all reach finality on the main network. This layered design also promotes the diversity of smart contracts and Dapps within the ecosystem by allowing for the use of multiple programming languages.
The Bitcoin Spark network goes further by integrating its own real-world applications. It uses a groundbreaking consensus called Proof-of-Process (PoP), which non-linearly rewards users for validating blocks and contributing processing power. The network will be incredibly light, allowing even low-powered devices to participate in validation. Bitcoin Spark’s development team will launch an application that can be installed on Windows, Android, iOS, Linux, and Mac OS devices, enabling users to validate blocks by permitting access to the devices’ process unit. The app will not interact or interfere with the device’s operating system functions and will continuously adjust the processing power used by factoring in battery life and simultaneous device usage needs.
The processing power contributed by the validators will be ‘rented out’ to individuals and organizations requiring substantial remote computing power. Those using this service will pay using BTCS, which will then be transferred to the validators.
Furthermore, the Bitcoin Spark website and application will have small spaces for advertisements. The community will monitor the ads to ensure a safe and credible advertising platform. Those using Bitcoin Spark for advertising will be required to pay with BTCS, and the revenue will be split between the network’s participants and the development team.
Can Bitcoin Spark Reach $125?
Several factors Bitcoin Spark could reach $125. The project’s innovative technology and real-world applications signify potential for significant adoption, which could lead to substantial price increases. Additionally, Bitcoin Spark has a maximum supply of 21 million BTCS, which suggests potential for long-term price increases, exemplified by Bitcoin (BTC). In fact, some analysts believe Bitcoin Spark is rewriting Bitcoin’s history.
Moreover, Bitcoin Spark is in its Initial Coin Offering (ICO) stage, which suggests a low market cap, paving the way for unprecedented price surges. To add to this, Bitcoin Spark’s launch coincides with the start of the next crypto bull run, which has historically led to significant price rallies for low-cap gems. Bitcoin Spark is selling BTCS at $2.25 and offering a 10% bonus in Phase 4 of the ICO.
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