The crypto landscape is constantly evolving, and thus, only projects with constant innovation stand the test of time. On that note, some industry watchers suggest Shiba Inu (SHIB) and Bitcoin Spark (BTCS) are the new age of digital currency.
Will Shiba Inu recover?
Shiba Inu (SHIB) is currently trading well below its all-time high (ATH). However, SHIB still ranks among the top 20 cryptocurrencies by market cap and retains its supportive community. SHIB is also listed on many top-ranking crypto exchanges, ensuring accessibility and liquidity. Additionally, Shiba Inu’s development team is dedicated to continuous development to enhance SHIB’s utility and overall functionality, which further bolsters the coin’s outlook. A particularly exciting advancement set to launch soon is Shibarium, a layer-2 (L2) blockchain. Shibarium is poised to revolutionize Shiba Inu from a simple meme coin to a robust ecosystem with a decentralized exchange (DEX), a metaverse, and blockchain games. Thus, with its strategic initiatives, passionate community, and innovative upgrades, Shiba Inu (SHIB) holds promising potential for recovery.
Bitcoin Spark: The evolution of Bitcoin
Bitcoin Spark is an innovative Bitcoin fork that seeks to bring new cryptocurrency use cases through various technological advancements. First, to ensure lower fees and transaction times, the Bitcoin Spark network will have a significantly increased number of nodes, reduced time per block, and enhanced individual block transaction capabilities.
The Bitcoin Spark network will also support smart contracts. This will be achieved through a layered smart contract execution system that reaches finality on the main network. Notably, this system will allow for smart contract deployment in the low-level programming language Rust and EVM-compatible languages Solidity and Vyper or any other high-level language compilable to EVM bytecode. This unique approach instigates a broader range of developers and smart contract styles, creating a diverse ecosystem of applications on Bitcoin Spark.
The BTCS token has a unique use case, serving as the payment for decentralized CPU/GPU renting. This innovative concept is possible through the Bitcoin Spark application and the network’s novel consensus mechanism, Proof-of-Process (PoP). The PoP is a cross between Proof-of-Work (PoW) and Proof-of-Stake (PoS and it requires miners/validators to provide a stake and processing power to the network in order to confirm blocks and earn rewards. The PoP is integrated with an algorithm that restricts linear rewards based on stake size or raw processing power to ensure a fairer distribution of rewards.
The Bitcoin Spark application will be compatible with Windows, Android, Linux, iOS, and Mac OS and will enable users to mine by permitting secured and isolated access to their device’s processing unit. The application will be easy to use and will limit itself to the resources it can use on the device, accounting for overheating battery and other usage factors. The miners’ processing power is rented out to users requiring substantial amounts of computational power, who are required to pay using BTCS. And the ability for anyone to mine BTCS and provide processing power ensures infinite product potential while also promoting decentralization and security.
The revenue generated from the decentralized CPU rental and secondary services overlayed on the Bitcoin Spark network will be used to reward miners and network participants. This means BTCS holders could remain profitable despite market fluctuations.
Bitcoin Spark has the same core tokenomics as Bitcoin, and analysts suggest its initial coin offering (ICO) provides a great opportunity for those who missed out on BTC’s early days. BTCS is currently selling at $1.75, with investors getting a 15% bonus, in phase 2 of the ICO.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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