The evolving aspect of technology constantly reshapes the cryptocurrency industry. Developers are constantly pursuing innovating the next big cryptocurrency through great ambition and the necessity of a solution to a given challenge. The work of cryptocurrency investors is to find these projects before they blow up and invest in them for massive potential returns when the developers begin to deliver and when the true utility of the project is achieved. These crypto gems include one that has been raising the eyebrows of many investors for its achievements and possible delivery. Bitcoin Spark is the 100X crypto that will change the lives of early participants. Bitcoin Spark’s launch coincides with the Bitcoin Halving event countdown that is historically known to bring volatility to the market.
What is Bitcoin Halving
Bitcoin Halving refers to a major development in the Bitcoin protocol that cuts Bitcoin block reward in half and usually happens after every 210,000 blocks or approximately four years. Some analysts detail that the event is among the most critical events in the cryptocurrency world since it reduces the amount of tokens entering the ecosystem. The halving event occurs on Bitcoin thanks to its increasing mining difficulty derived from the proof-of-work consensus. The initial mining reward for miners in the Bitcoin network was capped at 50 BTC. The rewards are way smaller than that and will even get smaller when the next halving happens. One of the major concerns that analysts have is that the increasing mining difficulty may demotivate miners.
What does Bitcoin Halving mean for Bitcoin Spark?
General predictions from historical performance indicate that Bitoin’s price coincidentally surges after a halving event. With the current market sentiment turning bullish, the halving event could be what the market awaits to initiate a bullish momentum that will propel BTC’s price to raid its all-time highs. This perfectly aligns with Bitcoin Spark’s debut, which will also see increased trading activities as buyers outperform sellers. A great opportunity exists in buying Bitcoin now, but a life-changing event exists in Bitcoin Spark’s BTCS.
Bitcoin Spark is an alternative that bears the most sophisticated Bitcoin hard forks. The project aims to establish an independent but self-sustaining ecosystem, borrowing its improvements from Bitcoin and other DeFi platforms while pioneering advanced technology. The project is mainly attractive for its mining ecosystem, which promotes decentralization in the network’s validation process. The KYC-verified developers ensured the network was lightweight enough to allow more nodes and reduced mining complexities to allow everyone to become a miner. Old-generation blockchains like Bitcoin have highly centralized mining infrastructures only controlled by the wealthy.
By making the Bitcoin Spark blockchain lightweight, the project’s developers have opened up the use of low-powered devices for network validation. Users can choose whether to become miners or stakers by considering their network strength and the device’s multitasking ability. The team is developing the Bitcoin Spark mining application that will facilitate the mining process by connecting the device to the mining layer of the Bitcoin Spark smart contract. Despite the choice between staking and mining, miners will earn more income than stakers as the network’s reward system is inclined towards rewarding the more work done in the network against the stake size, as is the case with proof of stake blockchains.
Bitcoin Spark’s Mega Bonus could boost your crypto portfolio
A stable crypto portfolio should have major cryptocurrencies and smaller projects with developing market capitalizations. BTCS is a token that could significantly boost an investor’s return in the coming bull market triggered by the Bitcoin halving event. The project developers are launching a limited giveaway edition for ICO phase ten participants, who will receive massive benefits from purchasing BTCS tokens at $3.75 each. The price will increase to $10 on November 30th, when BTCS launches on XT.com and Uniswap for the first time. According to analysts, this price increase will surge to $700 less than twelve months after the Bitcoin halving event.
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