Bitcoin Spark (BTCS) has gained significant traction in the crypto market. In fact, several industry experts suggest it offers a brighter investment future than Shiba Inu (SHIB) and Binance Coin (BNB).
Will Shiba Inu go to $1?
Shiba Inu (SHIB) appears to be gaining traction as a coin of utility and real-world value. This can be mainly attributed to Shibarium, a layer-2 scaling solution for Ethereum, which transformed Shiba Inu from a meme coin to a complete ecosystem with a decentralized exchange, a metaverse, and games. However, analysts suggest despite the utility and burning mechanism introduced by Shibarium, reaching the $1 mark for SHIB is a significant challenge. They point to SHIB’s large supply and market capitalization as the major obstacle.
Binance news
Binance has found itself in the spotlight for all the wrong reasons once again. Brian Shroder, the CEO of Binance.US, resigned on September 13, followed by news that the company would lay off a further 100 staff in the second round of layoffs this year. The situation worsened on September 14 when two high-ranking executives, head of legal Krishna Juvvadi and chief risk officer Sidney Majalya, also chose to part ways with the company. Despite Binance CEO Changpeng “CZ” Zhao’s attempts to downplay the significance of these departures, they have fueled speculation that Binance may be facing worse legal troubles than previously understood. This growing uncertainty has cast a shadow over Binance Coin (BNB), with analysts speculating that it might have catastrophic effects on the crypto.
What is Bitcoin Spark?
Bitcoin Spark is a new Bitcoin fork seeking to bring a new generation of crypto by solving Bitcoin’s limitations and introducing new technologies. Nonetheless, it has a limited supply of 21 million, maintaining the scarcity factor that has made Bitcoin (BTC) highly valuable.
Bitcoin Spark offers faster and cheaper transactions compared to Bitcoin due to its increased transaction capabilities per block, shortened block time, and significantly higher number of nodes. Bitcoin Spark extends its application from being a simple peer-to-peer payment network by seamlessly integrating a smart contract layer into its network. The layer includes separate execution systems that all reach finality on the main network, allowing for multiple programming languages. This layered architecture positions Bitcoin Spark as a scalable platform for diverse, decentralized applications (Dapps).
Apart from being a suitable store of wealth due to its low supply, BTCS has a unique use case, providing access to remote computing power. Bitcoin Spark uses a proprietary consensus mechanism known as the Proof-of-Process (PoP), which rewards miners for confirming blocks and contributing their processing power to the network. However, the PoP is used with an algorithm that reduces rewards per additional power, which, combined with the network’s vast nodes, allows for many validators. The network’s native application will enable Windows, Mac OS, Linux, iOS, and Android users to participate in network validation by permitting access to their device’s processing unit. The validators’ contributed power will then be ‘rented out’ to organizations or individuals in need of additional computational resources, with payments being made in BTCS.
Additionally, the Bitcoin Spark application and website will have small slots for advertisements. The community will police the ads to ensure security and credibility. Advertisers will pay with BTCS, with 50% of the revenue plus additional incentives going to network participants.
Bitcoin Spark is offering a chance to get BTCS before its official debut through an Initial Coin Offering (ICO). The ICO is in Phase 5, selling BTCS at $2.50 and offering a 9% bonus. BTCS will launch at $10, indicating a 436% increase in investments for investors at this level. With its low market capitalization, limited supply, innovative technology, and significant real-world applications, Bitcoin Spark (BTCS) could see massive price gains post-launch.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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