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With a promising ICO successfully fundraising $2 million in a few weeks, Bitcoin Spark (BTCS) emerges as an enticing prospect for cryptocurrency enthusiasts. This significant funding in the early stages has propelled Bitcoin Spark into the limelight, capturing the attention and interest of investors, particularly those within the Bitcoin Cash (BCH) community.
What Is Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) emerged from a hard fork of the Bitcoin blockchain that resulted in two separate and incompatible chains in 2017. The hard fork altered the network’s protocol, making previously invalid transactions valid and vice versa. It necessitated all nodes or users to upgrade to the latest protocol software. Designed as a cost-effective payment system following Bitcoin’s original purpose, Bitcoin Cash boasts low transaction fees and swift confirmation times, often within seconds. Its active developer community perceives it as a crucial alternative to Bitcoin, emphasizing its role as a peer-to-peer payment system, aiming to eliminate third-party involvement in financial transactions. Bitcoin Cash operates on the Bitcoin Cash Node ecosystem, acting as the blockchain for Bitcoin Cash and facilitating transactions. The key distinction lies in its approach to block size, opting for larger blocks to accommodate more transactions, reducing fees, and enhancing scalability. However, Bitcoin Cash has undergone several forks, resulting in variations such as Bitcoin Satoshi Vision (BSV) and Bitcoin Cash ABC (BCHA).
Bitcoin Spark (BTCS)
Bitcoin Spark is carving its niche, offering an exciting and accessible avenue for investors to diversify and explore innovative opportunities beyond the traditional crypto platforms through its Proof-of-Process (PoP) protocol. Emerging as an innovative blockchain technology, BTCS stresses accessibility, inclusivity, and a balanced consensus mechanism integrating aspects of Proof of Stake (PoS) and Proof of Work (PoW) to achieve true decentralization and a level playing field for crypto mining and investment. Its true decentralization quest is bolstered by robust security measures and enhanced accessibility for miners.
The planned integration of a smart contract layer for application development showcases BTCS’s dedication to innovation within the cryptocurrency ecosystem. By striving to enhance transaction speed and simplify entry into the mining domain, BTCS envisions fostering an efficient cryptocurrency environment that is inclusive. It fronts the PoP approach for processing power rental to be availed to users in need via a virtual environment made possible by the Bitcoin Spark application.
BTCS strives to redefine traditional blockchain paradigms and contribute to a more democratized and efficient crypto landscape. As it continues to evolve and gain traction, it has ensured compliance, transparency, and security through KYC and smart contract audits. Additionally, BTCS introduces new revenue streams for miners, as they are compensated for providing their processing power to fulfill various computational requirements. Bitcoin Spark deploys an innovative multi-layered design feature that significantly elevates its efficiency, security, and overall utility within the blockchain landscape.
BTCS empowers miners by providing accessible computational power, and unlike many blockchain networks that demand specialized hardware, BTCS opens up mining opportunities to a wider audience by allowing miners to utilize readily available devices like smartphones. This accessibility democratizes the mining process and promotes a more decentralized network.
Bitcoin Spark leads blockchain advancements by introducing robust features that capture the imagination of crypto enthusiasts and investors. Its ICO, in phase six, has broken records as it raises substantial amounts and attracts investors across chains, including the ETH whales. The current BTCS price is $2.75, with an 8% bonus and expected returns of 393%. BTCS will launch on November 30 at $10 and is expected to list on the prominent exchanges. October has seen Bitcoin Cash price surpass $240 from below $200 the same day last month.
More on BTCS and ICO here:
Website: https://bitcoinspark.org/
