The crypto market is slowly recovering, and investors are looking for the best cryptocurrencies to invest in. In this light, experts suggest that Bitcoin Spark (BTCS) and Ethereum (ETH) could change your life forever.
What is Ethereum?
Ethereum is an L1 (Layer-1) blockchain that was launched in 2015. Ether (ETH) is the blockchain’s native cryptocurrency. Ethereum went beyond being a peer-to-peer payment system to provide a platform for running smart contracts. This opened up a wide range of decentralized applications, including decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), supply chain management solutions, and more. Ethereum (ETH) has therefore become an integral part of the blockchain and cryptocurrency ecosystem, fostering innovative decentralized solutions.
Will Ethereum go up?
Several compelling factors suggest that Ethereum’s value is set to appreciate. Its pioneering role in smart contracts and decentralized applications (dApps) has caused widespread adoption of ETH. The Ethereum blockchain has also undergone significant developments and upgrades, such as a move from Proof-of-Work (PoW) to Proof-of-Stake (PoS), to boost its speed, security, and scalability. This suggests Ethereum (ETH) will remain viable in the long term.
Bitcoin Spark: Unveiling the next generation of cryptocurrency
Bitcoin Spark is a new Bitcoin fork that seeks to be a decentralized revenue network that maintains a limited supply and ensures its participants remain profitable despite market fluctuations.
The primary revenue generation resource will stem from decentralized CPU/GPU rental. Bitcoin Spark uses an all-new blockchain technology known as Proof-of-Process (PoP), which rewards miners for confirming blocks and renting out the processing power of their devices to the network. This power is, in turn used by the network’s clients for tasks that require significant computational power, such as running servers and large-scale video rendering. The revenue earned from the work done will be automatically forwarded to the mining pool as ‘mining rewards.’
Bitcoin Spark ensures mining BTCS is open to anyone. The network will use a unique algorithm that inhibits linear rewards based on raw processing power to ensure a fairer distribution of rewards. Its development team will also provide a simple mining program that can be installed on any Windows, Mac Os, Linux, iOS, or Android device. Users will be able to mine BTCS by permitting secure and isolated access to their device’s processing unit. The application will run in an isolated environment that doesn’t interfere with any other part of the device to maintain security. It will also regulate the amount of processing power it uses based on various factors, such as battery and simultaneous usage requirements, to ensure automatic limitation of the devices’ mining capability.
The network will also include secondary revenue-generation services to increase the mining rewards. This will include advertising on the website and application, with miners getting 50% of the revenue earned. BTCS holders will also be incentivized to police the ads, ensuring a safe and trustworthy advertising system.
The minting rewards will be reduced in balance against the revenue, meaning if more revenue is generated, the minting endpoint will move further away, achieving the project’s goal.
Bitcoin Spark will also include a layered smart contract execution system that allows for different programming languages to be used for building dApps on its network. This will ensure a diverse platform, extending the utility of BTCS.
The project offers investors a chance to get in on the ground floor through its initial coin offering (ICO). Phase 2 of the ICO is selling BTCS at $1.75 with a 15% bonus on top. Investors at this level are guaranteed an 650% increase in their investments before launch.
The bottom line
While Bitcoin Spark (BTCS) and Ethereum (ETH) have great potential for returns, their prices are still subject to various factors. Therefore, it is essential to do your own research before investing.
To get more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
