Ethereum’s price action has attracted cryptocurrency enthusiasts worldwide. One particular Twitter user highlighted that Ethereum’s downtrend is ending and likely to have completed its correction. If Ethereum is turning around, this could mean a transformative shift for Ethereum-powered projects, including ICO start-ups. Bitcoin Spark is among the projects likely to follow Ethereum’s bullish footsteps.

Ethereum Whales are accumulating

Ethereum whales are increasingly buying into the project’s native digital currency following a shift in investor sentiments in the entire crypto industry. Ethereum’s potential surge is widely credited to the project’s massive utility and applications that Web3 users find helpful. Ethereum is home to the most prominent smart contract ecosystem hosting third-party developers who deploy decentralized applications continuously. While Bitcoin’s sole purpose remains to offer a decentralized digital currency free from centralized banking systems, Ethereum extends its use cases further to foster the growth of decentralization and nurturing other Web3 innovations like Bitcoin Spark.

Ethereum Could Follow Bitcoin

Ethereum’s performance has convinced analysts that the project’s price action will likely follow Bitcoin closely behind. Although Bitcoin boasts the ‘first-to-market’ mover advantage of pioneering the rise of digital currencies, Ethereum enjoys the privilege of supporting multiple Web infrastructures as well as many decentralized activities. The platform also promotes digital art by embedding non-fungible tokens (NFTs) into the distributed ledger technology. The technology supporting digital art has allowed Ethereum to host the world’s largest NFT marketplace, OpenSea. These attributes put Ethereum in line in second place next to Bitcoin. However, more returns exist on new Web3 platforms like Bitcoin Spark which promise to capitalize on technology to reshape the entire infrastructure..

Why Is Bitcoin Spark Special?

Like Ethereum, Bitcoin Spark is a high-utility project developed to unleash a new evolution powered by blockchain technology. The project intends to unveil a high-performance blockchain with incredible transaction speeds to facilitate efficient virtual operations in competition with Bitcoin and other old-generation blockchains. The network’s special features lie in its proof-of-process consensus mechanism set to interlink the merits of proof-of-work and proof-of-stake mechanisms including added network safety and short transaction finality.

The consensus mechanism is improved and advanced from the old-generation network validation processes to provide a security layer to the protocol. The mining process (Bitcoin Spark’s proof-of-work variation) will serve as a revolution of decentralization dethroning the mining process in Bitcoin. Bitcoin Spark is founded and headed by KYC verified professionals who are on the forefront of making the ecosystem transform from a dream into reality.

Mining in the Bitcoin Spark ecosystem will also entail solving mathematical equations similar to what happens in proof-of-work blockchains. However, the network’s mining process will involve less complicated equations requiring low energy consumption. This way, Bitcoin Spark developers intend to introduce the use of low-power devices such as mobile phones as mining devices thanks to advanced technology and application development.

The process will occur in the Bitcoin Spark mining application, which is currently being developed. The application will debut after the Bitcoin Spark mainnet goes live. This is because the application will connect the mining device to the platform’s audited smart contract, which will only activate after developers officially release the blockchain to the public.

The additional period between the mainnet release and the release of the application is intentionally planned to allow the developers to conduct intensive tests to make sure the application is free from vulnerabilities and therefore safe for public use. A coalition between Bitcoin Spark developers and a third-party mobile application developing organization is developing the application.

For more information:

Website: https://bitcoinspark.org/

Buy BTCS: https://network.bitcoinspark.org/register