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With more investors looking for profits from crypto, experts suggest finding the best gainers begins with Chainlink (LINK) and the new Bitcoin fork, Bitcoin Spark (BTCS).
Will Chainlink keep going up?
Chainlink, often referred to as the ‘Google of blockchain’ has demonstrated remarkable resilience and growth, positioning itself as a key player in the space. One of the key factors contributing to Chainlink’s upward trajectory is its pivotal role in facilitating smart contracts by providing tamper-proof data feeds to blockchain networks. As the demand for decentralized applications (DApps) and smart contracts continues to surge, Chainlink’s unique value proposition becomes increasingly apparent. Moreover, the project has already made strategic partnerships with major industry players, with continuous efforts to enhance interoperability with various blockchains. Thus, As the broader crypto market evolves, Chainlink’s technological advancements, growing ecosystem, and adaptability to market dynamics position it favorably for sustained value appreciation.
What is a Bitcoin fork?
A Bitcoin fork refers to a change in the existing rules governing the Bitcoin (BTC) protocol. Forks can be categorized into two main types: soft forks and hard forks. Soft forks are backward-compatible changes that tighten the rules of the blockchain, while hard forks are more substantial changes that create a separate blockchain.
Bitcoin Spark: A Bitcoin fork heading for a massive launch
Bitcoin Spark has gained the attention of the crypto community with its revolutionary approach. It’s not just another clone of the Bitcoin network but an independent and future-oriented project designed to usher in a new generation of cryptocurrency transactions. Nonetheless, Bitcoin Spark has a limited supply of 21 million coins, retaining its predecessors’ scarcity principle.
The Bitcoin Spark blockchain will have a lower block time, higher individual block transaction capabilities, and a larger number of nodes, resulting in faster and more cost-effective processing of transactions. The blockchain will also support smart contracts and decentralized applications (Dapps). It will have multiple layers to ensure enhanced scalability, with a dedicated smart contract layer enabling developers to make use of both high-level and low-level programming languages.
Bitcoin Spark also uses its own consensus mechanism, the Proof-of-Process (PoP). The PoP significantly transforms the mining process, rewarding miners for confirming blocks and sharing the processing power of their mining devices with the network. The new mechanism will, however, reduce rewards per additional power exponentially. This, combined with the large number of nodes, will ensure that those with low-powered devices can efficiently mine BTCS. To enhance accessibility, the team behind the project is set to launch a secure, easy-to-use, and lightweight mining application that can be installed on Windows, macOS, Linux, iOS, and Android devices.
Interestingly, the miners’ contributed power will be available for rent through the Bitcoin Spark network, creating a decentralized CPU/GPU renting service for those seeking remote computing resources. The network’s clients will be required to pay for the service in BTCS, and miners will share 97% of the revenue, plus newly minted BTCS and transaction fees. The BTCS minting rewards will run on an elastic system that factors in various elements within the network, including the revenue generated. Therefore, with the potential for unlimited power provision and secondary revenue-generating services like advertisements on the Bitcoin Spark application and website, BTCS miners should remain consistently profitable in the long run.
The Bitcoin Spark network has been audited multiple times, validating its viability, stability, and trustworthiness. Its ICO (Initial Coin Offering) is in the last phase, with BTCS selling at $3.75 accompanied by a 4% bonus. The crypto is set to launch at $10 on November 30th, and analysts suggest its low market capitalization, coupled with the launch timing, could serve as catalysts for massive rallies in the short-term. The experts also argue that the limited supply, innovative technology, and real-world applications of Bitcoin Spark indicate continued value increases in the long term.
The bottom line
Chainlink (LINK) and Bitcoin Spark (BTCS) both show great promise for returns. However, conducting your own research before making any investment is crucial.
To get more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
