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Bitcoin Spark (BTCS) has undeniably emerged as a formidable contender in the crypto market. Notably, enthusiasts suggest that this new Cardano (ADA) rival could be your fastest route to riches.
What is Cardano?
Cardano is a blockchain that was founded by Charles Hoskinson, one of the co-founders of Ethereum. Cardano distinguishes itself with a strong focus on academic research and a scientific approach to blockchain development. It is designed to provide a secure and scalable infrastructure for the development of decentralized applications (DApps) and smart contracts. Cardano has a layered structure, with the Cardano Settlement Layer (CSL) being responsible for handling the transfer and management of ADA, the network’s native currency. The Cardano Computation Layer (CCL) serves as the layer for executing smart contracts and decentralized applications (DApps). Cardano’s features are designed to enhance scalability, security, and speed.
Is Cardano a good Investment?
Several factors suggest Cardano (ADA) could be a good investment. First, it ranks among the top 10 cryptocurrencies by market cap, which suggests high liquidity and an established presence. Its unique features have also attracted many developers and users, contributing to a growing ecosystem of smart contracts and decentralized applications (DApps). Additionally, Cardano’s partnerships and community support further display its credibility. However, it is important to note that ADA was listed as a security in the SEC lawsuits Binance and Coinbase, which has resulted in its delisting from several crypto exchanges. Additionally, analysts suggest that a negative ruling in the lawsuits could have significant effects on Cardano’s trajectory. They also argue that given the history of previous SEC-crypto-related suits, ADA might be involved in the legal battle for a long time.
What is Bitcoin Spark?
Bitcoin Spark is an innovative blockchain designed to usher in a new generation of cryptocurrency transactions. The blockchain has a low block time, high individual block transaction capabilities, and a large number of nodes, which results in quick transaction processing and low gas fees.
Bitcoin Spark also has a multi-layered design, which includes a unique smart contract layer. The layer has different execution systems, all of which reach finality on the main network. Therefore, Bitcoin Spark not only ensures scalability but also fosters diversity in the smart contracts and DApps within its ecosystem by enabling developers to use a wide range of popular high-level and low-level languages, including Solidity, Vyper, and Rust.
Additionally, the network uses its proprietary mechanism, the Proof-of-Process (PoP), which non-linearly rewards users for confirming blocks and for contributing their processing power. The nonlinearity of the rewards, coupled with the network’s vast nodes, allows for a significantly large number of validators. In fact, the Bitcoin Spark team is set to launch a network validation application compatible with Windows, macOS, Linux, iOS, and Android devices.
The power contributed by the validators will be available for rent to those seeking remote computing resources, and payments will be required in BTCS. Network validators will receive 97% of the generated revenue plus newly minted BTCS and transaction fees from confirmed blocks.
Going further, Bitcoin Spark merges with the burgeoning marketing industry by including small advertising spaces on its application and website. The ads will be paid for in BTCS, and the Bitcoin Spark community will be involved in policing, with anyone holding BTCS having a chance to vote. Network participants will get 50% of the ad revenue and additional incentives for policing the ads.
Bitcoin Spark’s network has passed a number of third-party smart contract audits, attesting to its viability and sustainability.
Why Bitcoin Spark could be the fastest route to riches
Aside from the diverse rewards for network participation, Bitcoin Spark (BTCS) can potentially offer profits of more than 355%. BTCS is currently selling at $3.00, with a 7% bonus in Phase 7 of its Initial Coin Offering (ICO), but will officially launch into the market at $10. Additionally, the project’s launch is set close to the next expected crypto bull run, which has historically led to massive rallies for low-cap gems. Moreover, there’s a limited supply of 21 million BTCS tokens, which, combined with Bitcoin Spark’s innovative technology and real-world applications, points to continued value appreciation in the long term.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
