Blockchain technology is having innovations from time to time. Ethereum is among the inaugurations that changed how individuals perceived decentralized finance through deploying smart contracts. The digital network is used to support other applications that are built on the mainnet.

These decentralized applications are preferred for their transaction speed and scalability. Bitcoin Spark is the new project to take over Ethereum and Bitcoin’s reign. With massive potential returns, the project has already lured venture capitalists and retail investors. The new platform has an ongoing presale and is on the verge of completing the third phase.

Is Ethereum the best altcoin?

Experts believe that Ethereum is among the best altcoins to exist in the current generation of digital currencies. The digital currency transformed how we perceived blockchain technology from how Bitcoin operated. Having Vitalik Buterin and co-founders, Ethereum inaugurated the smart contract system that allows automatic transactions. Moreover, there was improved scalability, interoperability, and transaction speed. The digital network shifted from proof-of-wok to proof-of-stake to accommodate network improvement.

Bitcoin Spark the Future of Crypto

The Decentralized ecosystem seeks a platform with more diverse opportunities and an advanced mechanism compared to Ethereum and Bitcoin. Therefore, blockchain technology presents Bitcoin Spark, a future-generation digital platform with an improved validation consensus program and advanced technological applications.

Despite its early presale phases, the virtual network has immense traction in the cryptosphere. Bitcoin Spark has various perks that promise investors massive returns of up to 50x. Contract Wolf and Vital Block, the most promising digital auditing companies, have already audited the new networks’ smart contract system and know your customer(KYC) for the project’s founders. An audit is essential as it illuminates the transparency of a new project, more so in the crypto industry.

Bitcoin Spark has implemented a well-designed and organized roadmap for effective outreach to the global population. The roadmap contains all details about the project’s progress from the start of the initial coin offering (ICO) to the launch period, estimated to be on 30th November. Crypto enthusiasts depict that the roadmap showcases the efficiency and the level of motivation of a digital currency startup to achieve success within the Web3 community.

Mining is depicted as generating new blocks in a decentralized platform to improve security. Miners or validators can participate in confirming new blocks and approving transactions. In return, they are given BTCS tokens as rewards. For instance, Bitcoin Spark contains 16.45 million tokens in the mining reward program, which will be allocated to validators and miners for their network participation.

Nonetheless, the platform has a strategic algorithm that inhibits mining centralization as the rewards are distributed linearly. In Ethereum, the more you stake, the more you earn, so a small group of participants get the lion’s portion of the rewards. However, Bitcoin Spark is considered a lightweight network compared to other heavyweight platforms like Bitcoin, which utilizes a lot of electricity to power computational nodes that solve intricate equations.

Furthermore, Bitcoin Spark has a smart contract system that overruns the ecosystem to facilitate automatic transactions. The smart contract can be deployed using any compatible, high-level, or low-level programming language. It also allows programmers to utilize any EVM-based language, such as Vyper or any other high-level language, for generating decentralized applications. This improves new techniques and incentivizes these developers to promote creativity when building DApps.

Bitcoin Spark is currently in the final laps of its third ICO phase. BTCS is purchased cheaply at $2 during this stage, where users will accumulate a 12% bonus.

Learn more about Bitcoin Spark on:

Website: https://bitcoinspark.org/

Buy BTCS:

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

The post Ethereum’s Latest Rival: How Bitcoin Spark is Shaking Up the Smart Contract Landscape appeared first on Crypto News Australia.

---

Filed under: Bitcoin - @ September 1, 2023 1:13 pm