Uniswap Remains the Biggest Ethereum-Based DEX, and This BTC Fork Could Become the Most Profitable Coin
As the cryptocurrency world continues to evolve, new and unique projects are being curated with the aim of improving blockchain technology. Such projects include smart contracts and forks. Several existing blockchains are constantly upgrading to improve their features, including Bitcoin and Ethereum. Ethereum, known for scalability, employs the use of smart contracts to execute trades on the platform. Bitcoin, on the other hand, introduced “forking” to decongest the platform and allow smoother and faster transactions. Uniswap, a project on Ethereum, is the biggest decentralized exchange that assists in trade on the blockchain. Bitcoin Spark, a BTC fork, could soon become the most profitable coin.
What you'll learn 👉
What is Uniswap?
Uniswap is a decentralized cryptocurrency exchange (DEX) on the Ethereum platform that uses smart contracts to trade ERC20 tokens. Launched in 2018, the platform is one of the world’s biggest cryptocurrency programs in terms of market capitalization. The platform’s unique features include automated market making (AMM) that allows users to use smart contracts to trade tokens directly from liquidity pools without the need for an intermediary.
Ethereum Price
Ethereum’s price fell by over 60% from its all-time high of $4,878.26 in November 2021. The coin has been experiencing a downward trajectory for the last three months, which can be attributed to the increased regulatory scrutiny on digital assets.
What is a Bitcoin fork?
A Bitcoin fork is a split in the Bitcoin network to create two separate branches, each with its own set of rules. Bitcoin forks are created to upgrade the network and improve the blockchain’s features, such as speed and scalability.
What is Bitcoin Spark?
Bitcoin Spark is a fork version of Bitcoin that offers better speed, security, and scalability than the parent Bitcoin network. The project’s tokenomics are similar to Bitcoin’s, only that it takes longer before Bitcoin Spark tokens’ maximum supply is reached. Also, unlike Bitcoin, which employs a Proof-of-Work system to mine Bitcoins, Bitcoin Spark uses an all-new blockchain technology called “Proof-Of-Process” (PoP). This system combines the Proof-of-Work (PoW) and Proof-of-Stake (PoS) mechanisms to allow a fairer distribution of rewards.
Through the PoP system, anyone with a smartphone can mine Bitcoin Spark increasing the number of participants in the project. The team is developing an app that will be compatible with various operating systems, including Android, IOS, Windows, Mac OS, and Linux.
Users interested in participating in the network can purchase BTCS tokens, Bitcoin Spark’s native token, at a discounted price of only $1.50 during phase 1 of the ICO, which started on August 1. Imagine having the opportunity to buy Bitcoin when it was only $1. Purchases made during phase 1 are eligible for a 20% bonus.
Generating revenue with Bitcoin Spark
Users can generate revenues on the Bitcoin Spark project through a number of ways, including mining that yields rewards or purchasing advertising spaces on the Bitcoin Spark app or home website.
Bitcoin Spark ensures investor security as the project’s smart contract audit has been verified on Vital Block with a score of 92% and a score of 98% on Contract Wolf. Moreover, the team behind the project has been verified and awarded a KYC certificate on Vital Block. The team is led by Steven Kurtz, the project manager, Dylan Ashford, an app and website developer, and other team members consisting of blockchain developers and marketing agents.
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