Savvy investors are miles ahead and have secured impressive launch gains through Bitcoin Spark’s high-flying ICO. Presale phases one to four done, and phase five and the remaining phases promise more gains as the launch date nears. So, if you don’t want to miss out on this exciting opportunity, lock your 436% gains in phase five now.
What is a Bitcoin Fork?
A Bitcoin fork is a change in the Bitcoin blockchain’s rules and protocol. It occurs when the network undergoes a protocol upgrade that introduces changes incompatible with older nodes (computers running the Bitcoin software).
Soft fork presents new rules that are backward-compatible with the old ones. As such, nodes running the older software can still recognize and validate transactions and blocks created by nodes running the new software. Soft forks typically tighten or restrict the rules of the blockchain, such as changing the block size limit or transaction format. They are often used to implement minor upgrades or fixes.
In a hard fork, the new rules are not compatible with the old ones, creating a split in the blockchain. Nodes running the old software will not recognize transactions and blocks created by nodes running the new software, and vice versa. This results in the creation of two separate and independent blockchains, each with its own set of rules and tokens. Hard forks are usually more contentious and are used for more substantial changes to the network, such as increasing the block size, changing the consensus algorithm, or altering fundamental protocol rules. Hard forks often lead to the creation of a new cryptocurrency alongside the original Bitcoin. For example, Bitcoin Spark (BTCS) results from a Bitcoin hard fork. BTCS introduces a larger block size to improve scalability and transaction speed but diverges from the original Bitcoin blockchain through its Proof-of-Process algorithm.
Bitcoin Spark (BTCS)
BTCS is a cryptocurrency project with innovative concepts in the crypto space. It features a dedicated application that plays a crucial role in its ecosystem. This application serves as a gateway for users to interact with the network’s features and use it to mine BTCS, participate in the consensus process, and contribute their computational power to the network. It also facilitates the distribution of mining rewards and the utilization of processing power for various purposes.
Bitcoin Spark runs an ICO to raise funds and distribute its native cryptocurrency, BTCS, to early investors. During the ICO, investors can purchase BTCS tokens at $2.50 in phase five, with a 9% bonus. Investors expect an ROI of 436% at launch in November. Bitcoin Spark’s approach to revenue generation is multifaceted. It seeks to diversify its income streams beyond traditional cryptocurrency mining. Bitcoin Spark utilizes mining as a primary source of revenue. Miners contribute their computational power to validate transactions and secure the network, earning rewards in BTCS. Bitcoin Spark incorporates a unique approach by permitting small, unintrusive advertisements within its blockchain explorer and application. This ad space provides an additional stream of revenue for miners and the development team. The project aims to utilize idle processing power from devices worldwide and rent it out to organizations or individuals needing computational capacity.
Are Presales Worth it?
Presales are worth it if you have a clear focus on entering the crypto space, meaning you have to invest in credible presales. Presales often occur before the project has gained much visibility or reputation, and you need to research information about the team, technology, and developmental plans. Participating in a presale often grants you early access to a new cryptocurrency project. This means you can get in at a lower price before it becomes available to the general public. If the project you invest in during a presale performs well after its launch, you can enjoy significant returns on your investment. Some cryptocurrencies have seen astronomical price increases shortly after their release. Bitcoin Spark premises on the same foundation as Bitcoin, and its exciting returns on launch signify a project geared to explode.
In any investment activity, it’s paramount to assess your risk tolerance, research abilities, and investment strategy. While presale offers opportunities for early access and potentially high returns, it’s crucial to invest in well-laid-out projects like Bitcoin Spark guided by its clear roadmap and experienced management team.
More on Bitcoin Spark and ICO here:
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.
