With the rise of cryptocurrency, both novice and experienced investors are constantly looking for the best crypto to buy. While no one size fits all, analysts suggest engaging with ICOs (Initial Coin Offerings) has created the most crypto millionaires. They also point to the Bitcoin Spark ICO as the next big thing since Ethereum.
Ethereum (ETH) is currently the second-largest cryptocurrency by market cap, and its price journey has been nothing short of fascinating. In 2014, Ethereum launched an Initial Coin Offering, which successfully raised $18 million. The funds raised were used to develop the platform, with a portion of the ETH set aside by the Ethereum foundation to continuously grow the ecosystem. At its ICO, Ethereum (ETH) was priced at around $0.31. By early 2017, ETH had surged to around $15, and in the latter part of 2017 and early 2018, during the peak of the crypto bull run, ETH soared to over $1,400. Strikingly, in the 2021 bull run, Ethereum (ETH) reached an all-time high of around $4,891.70.
Bitcoin Spark is a new Bitcoin fork. However, unlike other forks, which are essentially clones of previous networks, Bitcoin Spark has made many significant changes that set it apart and position it as the pioneer of the next generation of crypto. First and foremost, it has a reduced block time, increased transaction capabilities per block, and a massive number of nodes. These enhancements translate into faster and more cost-effective transactions when compared to the Bitcoin network.
Additionally, Bitcoin Spark has an integrated smart contract layer, complete with separate execution systems that all reach finality on the main network and allow for multiple programming languages. The layered design enables smart contracts and decentralized applications (Dapps) to operate seamlessly on the Bitcoin Spark network while ensuring scalability and diversity within the developer community.
What truly sets Bitcoin Spark apart is its innovative Proof-of-Process (PoP) consensus mechanism. The PoP rewards miners not just for transaction validation but also for contributing their processing power to the network. Importantly, the PoP employs a non-linear algorithm to ensure equitable distribution of rewards, which, combined with the network’s vast nodes, makes mining profitable even for users with lower-powered devices. In fact, Bitcoin Spark’s development team will release a user-friendly mining application compatible with various operating systems, including iOS and Android, further democratizing BTCS mining.
Bitcoin Spark’s approach to mining is revolutionizing the industry by offering miners the opportunity to rent out their processing power to individuals or organizations seeking remote computing resources. The network’s clients will make payments in BTCS, and the revenue generated will contribute to the miners’ rewards.
Additionally, the platform plans to incorporate unobtrusive advertising spaces within its application and blockchain explorer, with users receiving 50% of the generated revenue, along with extra incentives for monitoring the advertisements
The Bitcoin Spark ICO
The Bitcoin Spark ICO has seen massive investments, surpassing the $1.4 million mark just five weeks after its commencement. This suggests there’s great belief in the project’s potential, as several crypto whales and institutional investors have participated in the ICO. BTCS was priced at $1.75 with a 20% bonus in Phase 1 but is currently selling at $2.75 with an 8% bonus in Phase 6. However, BTCS is set to launch at $10. Therefore, investors still have a chance to get more than a 393% increase in their investments.
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