With Bitcoin Spark gaining more traction in the crypto market, enthusiasts suggest it makes Dash network’s technology look ancient.
What is DASH?
DASH, short for Digital Cash, is a cryptocurrency that was created in 2014 from a fork of the Bitcoin codebase to provide a user-friendly experience and privacy equal to cash. The Dash network uses a two-tier network structure for improved efficiency. The first tier is a Proof-of-Work (PoW) system, where specialized mining devices solve intricate mathematical problems. Successful miners are then able to append new transaction blocks onto DASH’s blockchain, ensuring the integrity of the network. The second tier is the masternodes. Users with at least 1,000 DASH tokens are eligible to operate a masternode. The masternodes facilitate DASH’s unique features, including InstantSend, which allows for fast transaction confirmation, and CoinJoin, a method that obfuscates transaction trails. With every addition of a block of transactions to the Dash blockchain, rewards are generated, and 45% goes to miners, 45% to masternodes, and 10% to the network’s governance budget.
What is the price of DASH?
The price of DASH is currently 98.45% below its all-time high of $1,642.22. Moreover, the DASH price has been on an overall decline of more than 20% over the past 90 days, reflecting the challenges it faces in the highly competitive cryptocurrency market.
What is Bitcoin Spark?
Bitcoin Spark is the latest Bitcoin Fork. The project’s team has made many significant improvements and introduced new technologies that set it apart and position it as a pioneer of the next generation of crypto. Nonetheless, it does share Bitcoin’s tokenomics by having a limited supply of 21 million BTCS coins.
The Bitcoin Spark blockchain has a shorter block time, higher transaction capabilities per block, and a vast number of nodes, which results in high-speed transactions and low costs for users. Additionally, the blockchain is built in multiple layers, including a dedicated smart contract layer with separate execution systems that reach singular network finality. This innovative architecture ensures scalability and allows developers to choose from a wide range of high-level and low-level programming languages. This positions Bitcoin Spark as a robust platform for diverse, decentralized applications (DApps). Perhaps the most striking feature of Bitcoin Spark is its proprietary consensus mechanism, the Proof-of-Process (PoP). Positioned as a cross between Proof-of-Work (PoW) and Proof-of-Stake (PoS), this groundbreaking mechanism requires users to stake and provide processing power to the network. Notably, the Bitcoin Spark team will provide an application for Android, iOS, Windows, Mac OS, and Linux devices, which will allow users to easily lend the processing power of their devices to the network. Initially, this will be used to solve PoW-style hexadecimal hash decoding. The key difference is that the rewards for solving the hash are not linear, meaning a 2x higher hash rate will not result in 2x the rewards. Users will also be ‘slowed down’ by the network if the hash rate outstrips the network average by too high a percentage. Additionally, the rewards per large stake size will be exponentially reduced. This innovative mechanism ensures true decentralization, enabling virtually anyone with a smart device to participate in the process. 
Once the network curved rewards system is deemed secure, Bitcoin Spark will introduce CPU and GPU rental, where individuals or organizations seeking remote computing resources can efficiently and securely use the contributed power. The network’s clients will pay in BTCS, and network validators/miners will receive 97% of the revenue generated in addition to newly minted BTCS and transaction fees from confirmed blocks. The 3% will then go towards network development.
Going further, the Bitcoin Spark application and website will have small spaces for advertisements, which will be community-policied to maintain decentralization while ensuring credibility. Advertisers will also pay in BTCS, and 50% of the generated revenue will go to the network participants. Those who are involved in policing the ads will also receive additional incentives for their efforts.
The BTCS price
BTCS is currently selling at $3.00 in Phase 7 of its Initial Coin Offering (ICO), up from $1.50 in Phase 1. Investing at this level grants a 7% bonus and more than 355% profit, as BTCS will launch at $10.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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