In the ever-evolving crypto landscape, where innovation frequently challenges convention, emerging projects often hold the potential to upend the established order. On that note, several industry watchers believe the big ideas of a new project known as Bitcoin Spark (BTCS) could see it smash its way into the top 100 cryptos.

Bitcoin Spark: The next successful Bitcoin fork?

Analysts suggest that Bitcoin Spark (BTCS) offers an opportunity comparable to buying Bitcoin (BTC) at a dollar. This is because the project retains the favorable aspects of BTC, such as its limited supply of 21 million. However, the Bitcoin Spark network includes various enhancements that set it apart and position it for success.

First, the network ensures lower fees and significantly improved transaction speeds by increasing individual block transaction capabilities, reducing the time per block, and expanding the number of nodes. Bitcoin Spark also includes a separate smart contract layer that reaches finality on the main network. This allows for smart contract creation and deployment on the network without limiting scalability. It also allows different programming languages to be used on the network, establishing a diverse ecosystem of developers and applications.

Bitcoin Spark also seeks to ensure that anyone with a smart device can mine BTCS. This will be possible through the project’s novel consensus mechanism, Proof-of-Process (PoP). The PoP rewards miners for validating blocks and providing processing power to the network. This ensures the energy used has a valid purpose, as the processing power will be rented out to Bitcoin Spark’s clients. Notably, the Bitcoin Spark consensus mechanism is used in combination with a unique algorithm that restricts linear rewards based on raw processing power to ensure a fairer distribution of rewards among larger and smaller network participants.

The Bitcoin Spark team will develop a user-friendly mining application that can be installed on Windows, Android, iOS, Mac OS, and Linux devices. The Bitcoin Spark application will enable users to mine by permitting access to their device’s processing unit. The application will run on a separate virtual environment that doesn’t interfere with any other part of the device. It will also limit itself to the resources it is able to use on the device, therefore limiting the mining capability by default. 

Bitcoin Spark’s network participants will receive rewards from other avenues aside from mining and decentralized CPU/GPU rental. This will include 50% of the revenue generated from the small slots of advertisements on the Bitcoin Spark website and application. The mining rewards are based on an elastic system, and if more revenue is obtained, the rewards minting will be reduced, causing the minting endpoint to move further away. This is intended to ensure that Bitcoin Spark ends up being a self-sustaining revenue network that enables network participants to remain profitable with a limited supply.

The Bitcoin Spark Initial Coin Offering (ICO) is advancing positively, with Phase 2 starting on August 11th. Nonetheless, investors still have a chance to get a 650% increase in investment by buying BTCS at $1.75. An investment at this level is also accompanied by a 15% bonus.

Best crypto to buy

When considering the best cryptocurrency to invest in, it’s prudent to look beyond giants like Bitcoin (BTC) and Ethereum (ETH). While these established players offer relative stability, there’s an intriguing aspect to exploring smaller, emerging cryptocurrencies. Investing in relatively small cryptos offers the advantage of potentially yielding massive returns with a comparatively lower monetary commitment. These smaller projects often hold untapped potential and can experience exponential growth if they successfully carve out a niche or bring innovative solutions to the market. However, as with any investment, there are associated risks. Therefore, investors should conduct their own research, considering factors like their investment goals and risk tolerance, before making any commitments.

For more information on Bitcoin Spark:

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

The post Will a small project with big ideas smash its way into the top 100 cryptos list? appeared first on CoinChapter.

---

Filed under: Bitcoin - @ August 13, 2023 7:00 am