In the crypto arena, there are powerful players known as crypto whales. These individuals have significant amounts of digital currencies, often worth millions of dollars. These big players can influence digital asset prices through their actions of buying, selling, and trading. Recently, Ethereum whales have invested in the presale of a new crypto gem, Bitcoin Spark.
Bitcoin Spark (BTCS): The New Crypto Gem
Crypto gem is a digital asset that an investor believes holds great growth potential or value yet is typically hidden or undervalued. Crypto gems manifest early in their presales, and keen crypto watchers, especially whales often identify them. Bitcoin Spark, with its 100x potential, has attracted heavyweights into the platform in droves. From Ethereum to SHIB to DOGE, whales have identified BTCS prospects. BTCS is in presale with its record ICO in phase six at $2.75. The BTCS price will rise through the phases toward its $10 launch price. Investors get an 8% bonus for purchases made and expect a gain of 393% upon its November 30 launch.
Bitcoin Spark (BTCS) is a Bitcoin fork with a new blockchain technology applying a Proof-of-Process (PoP) concept, a cross between PoS and PoW. PoP brings accessibility and fairness into the mining process so that anyone willing can mine BTCS. Under the PoP concept, miners place their stake and contribute processing power for rental to those in need. The rewards are fairly distributed and computed by advanced algorithms in a non-linear way. The approach deters dominance by those with enormous stake power as many validators onboard the platform, leading to many nodes participating, making it impossible to execute a 51+ attack. The Bitcoin Spark application becomes the fulcrum through which all the network operations occur. The easy-to-use app empowers miners to enter the BTCS ecosystem through readily available devices like smartphones and mine, regardless of stake amounts or computational power. In addition, users can gauge the profitability of their endeavor through its inbuilt mining calculator. The platform guarantees mining rewards availability through its self-sustainability approach, which generates revenue through CPU rentals and a unique advertising model.
Bitcoin Spark offers robust features that simplify renting process for mining computational power. It incentivizes network participation and adoption by introducing income-generating functionalities and additional services. It operates on a four-layered infrastructure, including Execution, Consensus, Mining, and Rewards layers, ensuring smooth network operation and security.
BTCS will introduce smart contracts, BTCS wallet, and dApps development after its mainnet launch. BTCS guarantees a stable infrastructure, and to further enhance security, it has undergone a smart contract audit by Vital-block, which validated the platform’s compliance and strong security features.
Ethereum Merge
The Merge, executed on September 15, 2022, marked Ethereum’s transition from proof-of-work to proof-of-stake consensus, drastically reducing energy consumption. It combined the original Ethereum execution layer with the proof-of-stake Beacon Chain, eliminating energy-intensive mining and enhancing scalability, security, and sustainability. Initially, the Beacon Chain and Ethereum Mainnet operated separately. The Merge unified the two, making proof-of-stake the permanent consensus mechanism, significantly advancing Ethereum’s capabilities and preserving its transactional history. The merge was meant to eliminate the need for massive energy consumption associated with PoW. PoS is believed to reduce the cost of participating in the network as validators do not need to invest in expensive mining equipment or electricity costs. PoS encourages a more decentralized network as validators create new blocks based on the amount of ETH they hold and are willing to lock up. This system discourages centralization, as concentration of power becomes economically less feasible.
More information on BTCS and ICO here:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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