2023-8-19 20:20 |
Bitcoin Spark (BTCS) has been the talk amongst crypto investors and enthusiasts in August. Remarkably, many of them suggest that this new crypto outshines Dogecoin (DOGE).
Is Dogecoin dead?While Dogecoin (DOGE) may have experienced a significant decline from its peak, it’s too early to declare it dead. The coin is still holding its ground among the top 10 cryptocurrencies by market capitalization and retains its unwavering and enthusiastic community. Moreover, Dogecoin’s popularity remains intact, constantly trending on social media platforms like X (formerly Twitter).
Will Dogecoin go up?Indicators suggest that Dogecoin (DOGE) has the potential to ascend in the future. With the crypto market gradually recuperating and poised for another potential bull run, Dogecoin could benefit from increased adoption and interest. However, it’s important to acknowledge that Dogecoin faces competition from innovative projects like Bitcoin Spark. And to secure a sustainable upward trajectory, it must focus on substantial technological advancements that bolster its long-term viability. Although the coin’s playful origins and fervent online community have undoubtedly maintained its popularity, the path ahead necessitates a stronger technological foundation and a comprehensive use case that transcends simple peer-to-peer transactions. This evolution is crucial for Dogecoin to position itself as a lasting contender in the competitive landscape of cryptocurrencies.
Bitcoin Spark (BTCS): The best addition to your portfolio?Buying Bitcoin Spark (BTCS) has been compared to a chance of getting Bitcoin (BTC) at a dollar. This is because this innovative crypto project, while introducing a unique set of features, has the same core tokenomics as the original cryptocurrency.
Bitcoin Spark achieves faster transaction speeds than its antecedent by increasing the individual block transaction capacity and reducing the time per block. Integrating these changes with substantially more nodes results in lower transaction costs.
The Bitcoin Spark network uses an all-new consensus mechanism known as Proof-of-Process (PoP), which greatly boosts security while ensuring true decentralization by enabling anyone to participate in network validation. The PoP rewards miners for confirming blocks and renting out the processing power to the network. The Bitcoin Spark application will allow anyone with an Android, iOS, Linux, Windows, or Mac OS device to mine by providing access to the device’s processing unit. The application will be safe and will automatically adjust the resources used on the device to account for factors such as overheating and battery life. The network’s clients use the processing power provided by miners as remote computing power, who are required to pay with BTCS. This approach positions the Proof-of-Process as an innovative cross between Proof-of-Work and Proof-of-Stake.
Additionally, the BTCS earned in the form of revenue from the decentralized CPU/GPU rental is allocated to the mining pool. This supplements the immediate mining rewards while reducing the BTCS minting rewards. And this could lead to an autonomous revenue-generating network with a limited supply and constantly profitable participants. Bitcoin Spark will also offer other ways for its network participants to earn, including community-policied ads on its app and website.
Bitcoin Spark’s revolutionary features and linkage to Bitcoin (BTC) point to significant growth and adoption. The project’s initial coin offering (ICO) is in Phase 2, where BTCS sells at $1.75, and investors get a 15% bonus.
ConclusionBitcoin Spark’s underlying technology and promising potential make a more compelling case for its inclusion in diversified portfolios.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Photo by Traxer on Unsplash
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