Blockchain technology found a special place in the heart of decentralization after the inauguration of Bitcoin. Bitcoin’s appearance shed light on the technology, prompting other developers to begin working on other DeFi projects. At the time of Bitcoin’s debut, little was known about how blockchain technology can be advanced, scaled, and developed in a way that promotes efficiency. As a result, Bitcoin adopted raw blockchain with a limited transaction speed and massive transaction costs that have significantly impeded the growth and development of Bitcoin. Fast forward to recent years, and developers understand the dynamics of scaling blockchain. Solana and Bitcoin Spark have put up a spirited fight to offer the best transaction speeds in the industry.
What is Solana?
Solana is a proof-of-stake blockchain that was developed as a scaled Ethereum competitor. The Solana ecosystem is powered by SOL, the utility and gas token, as well as a high-performance blockchain reaching speeds of up to 50,000 transactions, as reported by Coinbase. The platform has played a major role in supporting digital art, virtual collectibles, and general non-fungible tokens (NFTs). Solana hosts Magic Eden, which ranks among the largest NFT marketplaces by trading volume.
Is Solana a good investment?
Solana’s ride has been nothing but smooth. The project has experienced increased volatility from mixed investor sentiments following its tribulations. Alongside the 2022 bear market, Solana’s price was massively affected by the project’s close relationship with Sam Bankman Fried’s enterprises, which collapsed due to fraudulent activities. However, the project seems to be making a resounding recovery, with experts predicting Solana will be worth $500 in the next 5 to 10 years.
Bitcoin Spark outperforms Solana
While Solana has established its legacy as a leading smart contract platform, Bitcoin Spark is bringing new technologies to the ecosystem for which Solana investors still need to be ready. Addressing the challenging aspect of blockchain transaction speeds, the blockchain developers behind Bitcoin Spark’s development have made the network lightweight and increased the number of node operators.
The increased nodes will allow the network to compete with Solana in achieving incredible transaction speeds by transaction finality faster. The network also rivals Solana with transaction costs. The initial idea of the project’s founders is to develop a gasless network. While Solana strives to charge the cheapest transaction speeds, Bitcoin Spark aims to promote free transactions regardless of the amount individuals decide to transact at a time. This way, networks like Solana will offer no competition to Bitcoin Spark.
To achieve a gasless network, the developers have devised plans to incorporate revenue-generating streams from renting out advertising slots and processing power to clients. The income generation methods are estimated to yield enough BTCS supply to constantly replenish the mining pools and leave a small portion for the founders’ upkeep and maintenance. Bitcoin Spark is the pinnacle of innovation for Web3 participants. The team took time to develop an advanced Vital Block approved smart contract platform that diversifies programming decentralized applications by incorporating the use of multiple programming languages.
Bitcoin Spark’s Mega Bonus Event Shines
Bitcoin Spark hosts a mega bonus giveaway that coincides with the project’s ending ICO event. The developers have set aside 100,000 BTCS tokens to be retrieved by participants as bonus tokens, each getting 1000% rewards calculated from the purchased amount provided its $100 or more. The event will officially commence on 26th November and continue until the allocated supply is depleted or the ICO event ends. The purchasing amount for each BTCS is still pegged at phase 10’s price of $3.75 and includes an additional 4% earned separately from the bonus.
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