Bitcoin Spark (BTCS) has captured the attention and imagination of the crypto community. And Shiba Inu (SHIB) holders have been particularly moving to this innovative project.
What is Shiba Inu?
Shiba Inu is a cryptocurrency launched in August 2020. It was created as a joke, drawing from the success of its predecessor, Dogecoin (DOGE). However, despite its light-hearted and meme-based origin, Shiba Inu (SHIB) has made significant improvements and currently ranks among the top 20 cryptocurrencies by market cap.
Why do people buy Shiba Inu?
Firstly, Shiba Inu (SHIB) offers an affordable entry point. With its relatively low price, individuals can invest without requiring lots of cash, as is the case with cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Additionally, Shiba Inu has a relatively large market cap and is listed on many crypto exchanges. This accessibility has attracted a diverse investor base, from seasoned ones to newcomers. The community aspect of Shiba Inu also plays a pivotal role.
The SHIB community is highly active on social media platforms, and this engagement has led to a strong network effect, with more people joining the Shiba Inu ecosystem and boosting its popularity further. SHIB’s price volatility has especially attracted traders looking to capitalize on short-term price movements. However, some investors have bought Shiba Inu with the expectation of significant returns in the future.
Why Bitcoin Spark is getting more investments?
Bitcoin Spark (BTCS) has been hailed as the new generation of Bitcoin. This Bitcoin fork retains the best attributes of the original cryptocurrency, including a capped supply of 21 million, while introducing new aspects that improve security, speed, scalability, and real-world applicability.
The Bitcoin Spark network boasts fast transaction processing and low fees due to its increased individual block transaction capabilities, reduced block time, and a vast number of nodes. Bitcoin Spark increases its utility by supporting smart contracts. The network has a seamlessly integrated smart contract layer that allows for smart contract development in high-level programming languages like Solidity and low-level ones like Rust. This ingenious layered approach encourages a wider scope of developers and smart contract styles, potentially establishing Bitcoin Spark as a robust platform with diverse, decentralized applications serving many use cases.
Additionally, Bitcoin Spark (BTCS) pioneers a consensus mechanism that ensures enhanced security and true decentralization, known as the Proof-of-Process (PoP). The PoP includes aspects of Proof-of-Work (PoW) and Proof-of-Stake (PoS), requiring miners/validators to stake and provide processing power to the network to confirm blocks and earn rewards. The PoP is combined with an algorithm that exponentially decreases rewards per additional power and larger stake size to ensure no single entity can capture network control. Moreover, the project’s development team will provide an application that allows anyone with an iOS, Android, Windows, Linux, or Mac OS device to mine by granting access to the processing unit.
Once permission is granted, the application will establish a separate virtual environment that doesn’t interfere with the device’s operating system functions. The app will also automatically adjust the processing power based on simultaneous usage requirements, battery life, and other factors.
The Bitcoin Spark network will rent out its participants’ processing power to clients needing substantial computational power. Those using the network for remote computing will be required to pay with BTCS, and the revenue is allocated to the mining pool, supplementing and reducing the BTCS minting rewards. Thus, with the ability for unlimited devices to provide processing power, Bitcoin Spark could evolve into a self-sustaining revenue-generating network that enables its participants to remain profitable despite market conditions.
Bitcoin Spark (BTCS) will also overlay supplementary revenue-generation services within its network to attain this goal, including leaving small hidden spaces for ads on its app and web, with network participants getting 50% of the revenue.
Many crypto analysts have reviewed the Bitcoin Spark Initial Coin Offering (ICO), and they suggest it offers a compelling investment opportunity. The influx of investors, especially Shiba Inu (SHIB) holders, also suggests confidence in the project’s future. The ICO offers a chance to get in on the ground floor and benefit from lower prices, bonuses, and potentially significant returns. BTCS is selling at $2.25, with a 10% bonus, in Phase 4. Investing at this level grants a 489% increase in investments by the end of the ICO.
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Published at Sat, 02 Sep 2023 16:00:42 +0200