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Investors are looking for the best crypto to buy now, and industry watchers suggest the incredible innovation brought by a new gem known as Bitcoin Spark is poised to displace Shiba Inu’s concept and potentially lead to massive profits.
Shibarium
Shiba Inu (SHIB) was originally created as a meme coin in August 2020. However, its developers have been constantly trying to upgrade its utility. The recent and most anticipated development was Shibarium, a layer-2 scaling solution for Ethereum. Shibarium, which was launched on August 17, 2023, transformed Shiba Inu from a meme coin into a comprehensive ecosystem with a decentralized exchange (DEX), a metaverse, and native blockchain games, such as Shiba Eternity. The layer-2 blockchain also provides the technical ability to create decentralized applications (DApps) within the ecosystem. However, the SHIB price continues to struggle, uninfluenced by the increasing activity on Shibarium. Additionally, despite the SHIB burn rate significantly increasing, analysts suggest the crypto will need much more to see significant price increases due to its massive supply and now elevated market capitalization.
Bitcoin Spark
Bitcoin Spark is the latest Bitcoin fork. However, it is not just another run-of-the-mill replica. It embraces Bitcoin’s legacy by maintaining a fixed supply of 21 million coins but introduces a host of pioneering features that set it apart and position it at the forefront of the next generation of digital assets.
One of the standout features of the Bitcoin Spark blockchain is its commitment to efficiency. With a shorter block time, increased transaction capacity per block, and a robust network of nodes, Bitcoin Spark ensures faster and more cost-effective transactions, addressing some of the key pain points of the crypto world. But its innovation doesn’t stop there.
Bitcoin Spark’s multi-layered infrastructure is a testament to its forward-thinking approach. By incorporating a dedicated smart contract layer with separate execution systems that converge on the main network, the platform achieves scalability and promotes diversity in smart contracts and decentralized applications (DApps) by allowing for a wide range of programming languages. This flexibility opens doors for developers to create a wide range of applications, catering to various user needs and preferences.
The most groundbreaking aspect of Bitcoin Spark is its Proof-of-Process (PoP) consensus mechanism. The PoP upends traditional crypto mining by non-linearly rewarding miners for confirming blocks and contributing their processing power to the network. This unique approach, coupled with an extensive node network, levels the playing field, allowing even individuals with less powerful devices to profitably participate in mining BTCS. To further democratize the mining experience, the Bitcoin Spark team is set to launch a user-friendly mining application compatible with popular operating systems like Windows, Mac OS, iOS, and Android.
Bitcoin Spark plans to rent out the miners’ contributed power to individuals and organizations seeking remote computing resources, with payments required in BTCS. This offers a unique real-world application for the crypto while providing a new way to reward miners aside from newly minted BTCS and transaction fees, as they will receive 97% of the revenue generated. The remaining 3% will go to the team for continued development.
Moreover, Bitcoin Spark boldly ventures into the marketing industry by integrating unobtrusive advertising slots within its application and blockchain explorer. The ads will be community-policed to maintain security and credibility while preserving decentralization principles. Advertisers will pay for placements using BTCS, and participants in the network will reap the rewards of this synergy, with 50% of the advertising revenue distributed to them, along with additional incentives for their active role in overseeing the integrity of the advertisements.
With its blend of technical advancements, accessibility, and innovative revenue diversification strategies, Bitcoin Spark has the potential to disrupt established concepts like Shiba Inu and redefine the future of cryptocurrency transactions.
The Bitcoin Spark Initial Coin Offering (ICO) has received massive investments and many positive reviews, suggesting there’s belief in the project’s potential. The ICO is currently in Phase 6, selling BTCS at $2.75 and offering an 8% bonus, among other benefits.
For more on Bitcoin Spark:
Website: https://bitcoinspark.org/
