Bitcoin was introduced in 2009 by an unknown individual or group dubbed Satoshi Nakamoto. The main aim of the digital currency was to promote decentralization through peer-to-peer transactions and provide a reliable antithesis to corporate banking. At the start, it had fewer followers. However, it gradually gained traction after a huge purchase conducted by the Winklevii twins. Bitcoin began to surge, creating wealthier individuals in the community. More robust alternatives, such as Bitcoin Spark, are rising due to Bitcoin’s defaults. Bitcoin Spark will make huge investors join the bandwagon.
What is Bitcoin’s Price?
Bitcoin is a digital currency platform that aims to promote peer-to-peer transactions. The native digital asset of the network is bitcoin (BTC) which is used for gas fees. Cryptocurrency experts believe that Bitcoin will appreciate amid the projected 2024 bull run. However, other crypto enthusiasts believe the crypto’s price will rise in the last quarter of 2024. This is because of the recent surge.
Bitcoin Spark Future of Blockchain Technology
As technology advances, More people are intrigued by joining new projects. However, investors are highly skeptical about whether the project will hit rock bottom or generate revenue. This was witnessed with Bitcoin in its prior season but kicked the higher status after a huge hype and multiple corresponding purchases. Newbies joined the platform to earn money, only to realize its limitations. Especially in the mining sector, huge firms and players own 50% of the activity, creating the possibility of a 51% attack in case miners decide to team up.
Bitcoin Spark is a new project that leverages ledger technology to provide multiple ways for users to generate revenue in the industry. The platform has a consensus mechanism known as proof-of-process that uses proof-of-stake and proof-of-work and a specialized algorithm that prevents unequal sharing of rewards. Moreover, a smart contract layer embedded within the platform will enable blockchain developers to create applications using any programming language.
Transactions are conducted in Bitcoin Spark‘s ecosystem using BTCS, the platform’s native token. Clients purchasing and participating in the platform’s development are rewarded BTCS in return. BTCS has a total supply of 21 million tokens, each having a pegged price of $1.50 and a bonus of 20% based on the first ICO phase. The initial coin offering stage will commence on 1st August. Additionally, clients will make 800% profit for all purchases made during the first stage after the launch period (November 30th).
Bitcoin Spark will have more participants than planned due to the strategic marketing involving storytelling, utilizing the latest technology, and immense advertising. The project has a user-friendly platform that a new learner can navigate. The roadmap is also clear and comprehensible from the start towards the launch and post-launch period.
Bitcoin being the pioneer of all cryptocurrencies, has gained immense traction to the point of controlling other digital currencies’ prizes. Although the network has established a monopoly in the crypto market, it has a lot of limitations that have since impeded its growth and scalability. Bitcoin Spark, therefore, embraces Bitcoin’s strengths and addresses its weaknesses to develop a self-sustaining digital arena for decentralization.
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