The web3 ecosystem has become the buzz of the decade as several venture capitalists and retail traders have joined the bandwagon for its lucrative profit potential. More innovations have emanated in decentralized finance, and Solana is among the earliest innovations in the industry. The digital asset was developed to cope with the difficulties embedded within the Bitcoin network. Additionally, Bitcoin Spark is showcased as the game-changer for the virtual currency industry. The network’s unique characteristics make it known as the best Bitcoin alternative.
Is Solana Dead?
Controversies and speculations have emerged in the crypto sphere regarding the existence of Solana in the ledger technology. The project’s massive downfall during the 2022 crypto winter made most digital assets crumble. Nevertheless, the virtual asset has had immense adoption due to its high transaction throughput. For futuristic progress, Solana will need to upgrade its mechanism. However, Bitcoin Spark remains the better alternative compared to Solana.
Bitcoins Spark Speed will Transform DeFi
Speed and efficiency are essential in scaling any blockchain project to scaling limits. It is a factor that will make individuals, not only the natives but also newbies, infuse in the platform. When there is a high transaction speed, it saves time and costs utilized for a single action in a block. Digital asset enthusiasts lookout for efficiency and speed to determine the mass adoption rate in a specific project.
Pioneered by experienced developers, Bitcoin Spark seeks to amend the faults in Bitcoin’s ecosystem. The platform uses a state-of-the-art consensus mechanism known as proof-of-process. The mechanism blends Ethereum’s proof-of-stake and Bitcoin’s proof-of-work consensus mechanisms.
Therefore, it enables miners and validators to receive rewards for generating new blocks in the community. Moreover, the platform has a strategic algorithmic system that standardizes the distribution of rewards to the two network participants. The higher your stake, the more chances you have of receiving great rewards in the unwavering system but not in a way that promotes centralization or creates an imbalance.
Blockchain participants should join the platform initially to attain more yields. For instance, anyone can mine regardless of the electronic devices at hand, compared to Bitcoin, where you will need to have high electric power and expensive mining equipment. Moreover, the project has been audited by Cognitos and Vital Block, and the results are online and on the project’s white paper.
Like other cryptocurrency projects, the project has its native token, referred to as BTCS. BTCS will be used as a gas token. Community members actively participating in the project’s development will be rewarded with the token.
The maximum supply of the token is 21 million, while the launch’s collection is 4.55 million, equating to 21.66% of the total supply. Crypto enthusiasts who wish to earn passive income must join Bitcoin Spark since the second ICO phase is ongoing, and the BTCS price is pegged at $1.75 with a 15% bonus. By the end of the launch period scheduled for November 30th, users who purchased BTCS tokens in the current phase will gain 657% profit on their initial investment.
One of the most pertinent aspects when looking out for an emerging cryptocurrency is the potential to provide yields. When the project has high transaction speeds, operation costs will be reduced, saving the time utilized by participants in confirming a block. Bitcoin Spark is a new project that will increase transparency and trust in blockchain technology by reducing the time per block and increasing TPS. The project is gaining insights into various social media platforms, creating traction in a decentralized community.
Find out more about Bitcoin Spark on:
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.