The post The Next Generation Of Bitcoin Unfolds With Bitcoin Spark appeared first on Coinpedia Fintech News
Bitcoin has played a unique role in the blockchain ecosystem. This includes making financial freedom available for individuals, something that traditional monetary systems are designed to hinder. However, the network has limitations such as low TPS (transaction per second) because of the extended time to produce a single block. Bitcoin Spark is the next alternative for Bitcoin, aiming to solve these drawdowns while utilizing the double mechanism system.
Is Bitcoin a Good Investment
Bitcoin is a good investment for participants who want to hold until the next bull run in 2024. If you are a mining geek, you will require massive capital for the electricity consumed and the equipment for the action. Moreover, giant firms are the largest shareholders of the profits gained from mining, making them acquire more than 50% of the power. In the future, Bitcoin Spark will act as an alternative for the network.
Bitcoin Spark the Next Generation Network
Blockchain technology yearns for a digital platform that will replace Bitcoin, promising better features such as improved scalability, TPS, interoperability, and reduced transactional cost. The new project, Bitcoin Spark, will promote the development of the distributed ledger through its updated mechanism. The platform utilizes a proof-of-process consensus mechanism (a combination of PoW and PoS) to conduct network performance.
The platform’s native currency is known as BTCS, which acts as a fuel for the ecosystem. Participants actively participating in the project’s development will receive BTCS as a reward. The total supply of BTCS is 21 million, and the launch supply is 4.55 million. Partakers who invest during the first ICO phase (from 1st to 11th August 2023) will have 800% profit during the project launch on November 30th. During the ICO, investors will have a life-changing moment to purchase BTCS tokens at discounted prices of as little as $1.50.
Bitcoin Spark has a revenue-generating system based on primary and secondary methods. The primary means is acquired through renting processing power to participants. The team takes 3% of the revenue for their maintenance and upkeep. The secondary method entails advertisements. An unused section of the platform and website will be used to run ads for advertisers. Nevertheless, users have a vote for the adverts being showcased; if it doesn’t meet their needs, they can be withdrawn.
The platform has an innovative marketing strategy designed to propel its popularity to greater heights. The marketing plan entails storytelling, strategic positioning, and leveraging technology. The roadmap is also constructive and comprehensive; It entails details from the first ICO stage towards the launch period. Moreover, Bitcoin Spark’s platforms can be easily navigated by a newbie. Additionally, the platform has an intelligent layer contract for aiding developers to create applications using different programming languages.
Conclusion
The digital currency ecosystem will improve as more innovation steps in. For instance, Bitcoin Spark will make blockchain technology gain immense popularity globally. The project has a sophisticated mechanism allowing miners and validators to earn money on the platform. Moreover, the project team knows the ledger system and how to attract participants. Marketing strategy is also a critical feature that Bitcoin Spark has implemented in their scheme for making the market cap reach top-tier levels.
For more information:
Website: https://bitcoinspark.org/