DeFi projects with the best returns on investments attract a lot of netizens and online entrepreneurs. These projects reward early adopters with substantial capital gains as well as bonuses to ensure the investors are well compensated for believing in the projects’ success. XRP and Bitcoin Spark are on the radar of blockchain enthusiasts for potential gains in the imminent bull run anticipated to begin after the next Bitcoin halving event in 2024. The question remains: Which of the two projects is a better investment vehicle for DeFi users?
Is XRP a good investment?
XRP is a digital asset developed by Ripple Labs, a software company, in 2012. XRP’s engineering and development cites computer scientists Jed Caleb and Chris Larsen, who have played a significant role in the platform’s growth. In 2020, the US Securities and Exchange Commission commenced a legal battle that labeled XRP as an unregistered security after the company raised $1.3 billion through its XRP token sales. What proceeded would be a years-long battle that ended in Ripple’s favor. The commission is filing an appeal to counter Judge Analisa Torres’ decision.
How to buy XRP in the USA
Large centralized crypto exchanges available in the US are the best places for US residents to purchase cryptocurrencies like XRP. The cryptocurrency is available on eToro, Bitfinex, Uphold, and Pionex.
Exchanges Bitcoin Spark gives better returns than XRP
Bitcoin Spark is the newest Bitcoin alternative storming the DeFi ecosystem. The project offers investors a golden opportunity similar to buying Bitcoin at less than $5. Bitcoin Spark has massive utility and functionalities that solve significant challenges on the Bitcoin network. The project is bringing further decentralization to the crypto community by enhancing its proof-of-process consensus and allowing community members to participate in decision-making processes through voting.
Bitcoin Spark’s utility token is BTCS, which is currently bridged on the Ethereum mainnet. The token will be bridged to the Bitcoin Spark network after the project goes live on its own Bitcoin Spark network. Devs have minted 4.3 million BTCS tokens on the Ethereum network to support the platform’s ongoing presale.
Bitcoin Spark’s ICO is currently in phase 4, and each token sells for $2.25. To thank early adopters, Bitcoin Spark developers are also giving away a 10% bonus for every purchase made during the current ICO phase. When the project launches at $10 per token, investors who capitalize on this opportunity now will make 489% returns.
The Bitcoin Spark network offers faster transaction speeds than its predecessor, Bitcoin, which only has a rate of 7 transactions per second. Additionally, the project aims to simplify mining by allowing anyone with a smart device to mine BTCS tokens. The mining process on the Bitcoin Spark network will involve reduced complexity of algorithms to be solved by miners. This means miners will need less energy to solve these computations than the energy required to mine Bitcoin.
Bitcoin Spark aims to be an autonomous network with revenue generation to maintain miners’ profitability. The mining pool will have 16.45 million tokens distributed to miners in at least 120 years. The platform will also incorporate two external streams of income that will provide the required BTCS tokens to reward validators, therefore eventually making the Bitcoin Spark network gas-free.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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