The cryptocurrency market is all about opportunity. The best opportunities exist in projects with the highest potential to skyrocket and make investors capital gains. During bullish market conditions, investing in utility projects with smaller market capitalizations yields the most profits. While Solana and Bitcoin Spark are high-utility projects, investors are considering Bitcoin Spark over Solana for the enormous potential returns that exist in Bitcoin Spark. This potential has driven some Solana holders to move their profit spillage to Bitcoin Spark’s final ICO bonus event, which is expected to happen soon.
What you'll learn 👉
What is Solana?
Solana is a decentralized public distributed ledger platform that uses proof of stake to validate transactions and approve the legitimacy of new blocks. The platform also has smart contracts and is widely known for its incredible transaction speeds of up to 65,000 transactions per second. Solana’s proof of stake is an improvised version that is often dubbed proof of history. This consensus mechanism solves blockchain’s limiting factors by providing high transaction speeds at impressively low transaction fees. The consensus is also energy-conserving compared to Bitcoin’s old generation proof of work consensus mechanism.
Is Bitcoin Spark a good investment?
Bitcoin Spark stands out among the emerging ICOs since it not only forks Bitcoin but also provides solutions to the blockchain trilemma. The developers of the project have shown their interest in promoting transparency and trustworthiness by driving the project through numerous smart contract audits from three reputable audit firms, including Contract Wolf. The founders have also undergone two independent KYC verification audits and have successfully passed. The details on the audits are found in the audit documents, which are publicly available online through the links provided in the white paper.
Judging from a utility perspective, Bitcoin Spark is a good investment. The project aims to tackle numerous challenges facing Web3 developers and participants in almost all networks. The issue of centralization in Bitcoin mining has been a menace. Thanks to the improved Bitcoin Spark mainnet, participants will be exposed to decentralized mining activities undertaken under a new consensus mechanism called proof of process. PoP is a hybrid network validation system that allows miners and stakers to co-exist in one network and participate in approving the network’s activities.
The most exciting aspect of PoP is its proof of work concept. The developers ensured the network was lightweight enough to allow normal low-powered devices to mine the network. The mining process is much simplified and more advanced than that of most proof-of-work networks like Bitcoin. Bitcoin Spark’s mining puts ‘proof of work’ energy into significant use while other networks waste valuable energy. The network’s smart contract has a mining layer that allows mining participants to accumulate idle processing power, which is then lent out to customers. The more work done in the network, the more the processing power is tapped, and thus, the miner gets more rewards.
Bitcoin Spark Announces a New Bonus Event
Nothing spices up an ICO ending more than a bonus giveaway. Bitcoin Spark’s ICO is in phase ten, and the developers have introduced a massive giveaway event that is poised to go beyond the ordinary bonus events issued by other ICOs. The giveaway is inclined to favor forward-thinking investors who see the potential of holding BTCS tokens for the long run for capital gains and wealth creation. The end of the ICO and the exclusive bonus serve as a prelude to an incoming ecosystem that will change how investments are made in the digital landscape. To avoid missing out, follow Bitcoin Spark’s official social media channels.
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