Most Promising New Blockchain, Bitcoin Spark, is the Latest Hype Among SHIB, LUNC, and ETC Holders
The Web3 community celebrates the inauguration of new digital currencies. The ecosystem has witnessed several imminent projects emerge with new features that improve scalability and interoperability. Last year, the longest crypto winter commenced, leading many digital currency organizations to crumble.
However, things are getting back on track, and projects like Bitcoin Spark and Shiba Inu are what investors are watching.
This year has seen massive progress with a new imminent promising platform. Among them is Bitcoin Spark, a new decentralized platform that promises massive capital gains to investors. The project has a rare validation mechanism that seeks to improve the functionality of blockchain technology.
LUNC Price Prediction?
Terra Luna Classic is a digital currency developed by Do Kwon on Terraform Labs in 2019. The platform was created to promote the development of the Luna ecosystem. The virtual currency is set to surge during the first quarter of 2024 due to the halving that will take place in April. Currently, the level of the currency is at par with others due to the long Bullish market.
Bitcoin Spark Becoming the Latest Hype
Bitcoin is the digital currency that began it all. Satoshi Nakamoto developed the blockchain network to create a decentralized and peer-to-peer transaction method that encompasses a safe financial transfer without needing a third party. The Web3 network faces many challenges, such as mining centralization and low transaction speed, which have haunted participants’ transaction fees.
For instance, transacting a certain amount of BTC may cost more than the amount deposited in the network. Bitcoin Spark‘s proof-of-process consensus system will solve these problems, making the blockchain community user-friendly. The new entrant has already made an outstanding audit effort to maintain transparency with its investors. Contract Wolf and Cognitos, deep auditing platforms, have audited Bitcoin Spark.
Bitcoin Spark’s native currency is BTCS. BTCS acts as a gas token for the ecosystem. It is also used to reward participants participating in the platform’s progress. The token’s total supply is 21 million, the same as Bitcoin’s maximum coin supply. BTCS total coins have been allocated to launch supply (4.55 million) and mining pool reward (16.45 million).
From the total launch supply, 4 million BTCS tokens will be distributed to the initial coin supply, 500k to pre-network launch liquidity pools and exchanges, and 50k to the Bitcoin Spark team. As the new project continues to flourish in the blockchain ecosystem, mining BTCS will take 120 years to reach the total supply of 21 million tokens. The project is currently in phase 5 of the presale level and has already garnered large venture capitalists, whales, and individual investors.
Furthermore, the price of a single BTCS is $2.50. Participants who purchase the coin in this phase will be given a 9% bonus, and during the launch period (30th November), they will have a 436% profit yield when each BTCS goes to $10 per token.
Moreover, validators are deeply encouraged to participate in the network as Bitcoin Spark’s platform is lightweight compared to other heavyweight decentralized platforms such as Bitcoin. This causes network strangling, and much time is taken to confirm a new block. The rewards validators receive are tremendous and are based on a linear manner.
Bitcoin Spark also supports low-powered devices so everyone can participate in the platform’s development. This mechanism allows these devices to participate in mining and provide processing power to the network, increasing security.
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