Bitcoin Spark (BTCS) has received significant recognition in the crypto market, and several industry watchers suggest it is the next Bitcoin (BTC), set to revolutionize the cryptocurrency landscape.

What is Bitcoin Spark?

Bitcoin Spark is a new Bitcoin hard fork that seeks to bring a new age of cryptocurrency by solving its predecessor’s limitations while introducing new concepts.

The Bitcoin Spark network achieves faster and more cost-efficient transactions than Bitcoin due to its reduced block time, increased individual transaction capabilities per block, and significantly augmented number of nodes.

Moreover, Bitcoin Spark will have an integrated smart contract layer that will include separate execution systems with singular network finality. The use of a layered architecture ensures the scalability of the platform. It promotes diversity by allowing developers to use both high-level programming languages like Solidity and low-level languages like Rust.

What is BTCS?

BTCS is the native token of the Bitcoin Spark network. Like BTC, there’s a limited supply of 21 million BTCS, but BTCS has a significantly longer time until the cap is attained. BTCS also has similar use cases to BTC, being a Peer-to-Peer (P2P) payment token and a store of wealth. However, BTCS provides much more real-world utility.

The BTCS token will be required to access smart contracts and decentralized applications (Dapps) within the Bitcoin Spark network. With the project’s design steered towards scalability and diversity, users can access a wide range of dApps and smart contracts.

Additionally, BTCS can be used to get advertising services. The Bitcoin Spark website and native application will include small slots for advertisements. The network’s community will be policing the ads to ensure a secure and trustworthy advertising platform. Those advertising through Bitcoin Spark will be required to pay with BTCS. 

Notably, institutions and individuals who require significant remote computing power can get it with BTCS. This is made possible through Bitcoin Spark’s proprietary consensus mechanism, the Proof-of-Process (PoP). The PoP rewards BTCS miners for confirming transactions and contributing the processing power of their mining devices to the network. The miners’ processing power is then safely rented out to Bitcoin Spark’s clients as remote computational power, with BTCS serving as payment. Therefore, aside from newly minted BTCS and transaction fees, BTCS miners will also receive income from renting out their CPU/GPU power.

How to mine BTCS? 

Mining BTCS is easier, energy-efficient, and open to everyone. To start, you will need to install the Bitcoin Spark application, which will be compatible with all Windows, Android, iOS, Linux, and Mac OS devices. The app will require access to your device’s processing unit and some higher-level permissions like resource management but will not require access to other permissions, such as media files or phone capabilities. This ensures security. Moreover, the application will regularly adjust the processing power used in mining, accounting for overheating, battery life, and synchronous usage needs. You can also manually choose the device resources to be used for mining to cater to your needs. This ensures that the work and power consumption for mining BTC is relatively low.

With the Bitcoin Spark application’s simplicity, you can get started incredibly easily without needing to join a pool. Bitcoin Spark also combines the PoP with an algorithm that exponentially reduces rewards per additional power to ensure a fairer distribution of rewards.

Bitcoin Spark is currently in its (Initial Coin Offering) stage, providing investors an opportunity to get BTCS early. The ICO has received many positive reviews and massive investments so far. The ICO currently is at $2.25 and also has an additional bonus.

Conclusion

Bitcoin Spark (BTCS)  is poised to revolutionize the world of cryptocurrency. Its innovative approach to scalability, security, and real-world applicability promises to address the key challenges faced by Bitcoin (BTC) and other cryptocurrencies.

To get more information on Bitcoin Spark:

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

The post Discover the Next Bitcoin: How Bitcoin Spark is Revolutionizing Crypto? appeared first on CoinChapter.

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Filed under: Bitcoin - @ September 2, 2023 9:00 pm