Bitcoin Spark Could Be The Bitcoin You Can Actually Afford

2023-8-9 02:05

Since its inception, Bitcoin has significantly grown in popularity and mainstream adoption to dominate the entire cryptocurrency market. Its popularity and continuous adoption have exponentially surged its price, making it expensive for potential retail investors. Moreover, BTC has a huge market cap making its return on investment relatively small. Bitcoin Spark has come in as a Bitcoin alternative, offering similar but advanced features at a relatively low price for retail investors.

Why is Bitcoin So Expensive?

Bitcoins had a high price tag, which can be attributed to various factors. Its limited supply of 21 million tokens is the first factor. The total Bitcoin supply correlates to the current BTC demand. The diminishing supply will cause an increase in its demand. This causes a scarcity of the asset, in turn increasing its price. Its continuous mainstream adoption also plays a key role in the BTC price surge. After realizing Bitcoin’s potential, investors adopted the digital currency driving up its demand that caused its price to increase.

What is a Bitcoin Fork?

A fork is a scenario where a blockchain project undergoes a major change in its network protocol. The result of this is having two separate versions of the original chain. A Bitcoin fork is when a project implements a charged version of Bitcoin’s protocol that can be permanent or temporary, depending on the developer’s intentions. Moreover, Bitcoin forks are developed to target specific issues facing the major blockchain network, including scalability and transaction speed. As such, these forks use Bitcoin’s original codebase but modify it by enhancing various aspects, including affordability.

Bitcoin Spark Easily Accessible

Bitcoin Spark was developed and designed by Steven Krutz and Dylan Ashford. The project aims to provide solutions to some of the challenges experienced by users in the Bitcoin network. The project was built as a decentralized platform that offers its services using the Proof-of-Process protocol. Forks provide opportunities for investors to acquire a new Bitcoin alternative at a retail price massively discounted to that of Bitcoin. Bitcoin Spark is allowing early adopters to purchase “Bitcoin” at $1.

The proprietary system rewards both miners and validation in light of confirming new blocks on the network and validating transactions. However, these awards are algorithmically calculated, having the weighting skewed towards processing power.

Bitcoin Spark application is among the network’s products that allow investors and enthusiasts to easily access the project. The application has major goals, one being allowing the distribution of mining rewards regardless of the computational power used. Like Bitcoin, the project also applies the PoW concept. However, unlike Bitcoin’s PoW consensus mechanism, Bitcoin Spark has less complex mathematical algorithms requiring less electricity and computational power. The “excess” computational power will be lent out to companies to generate income for the community members

BTCS will be Bitcoin Spark’s gas coin. All fees paid on the network for decentralized services will be sent to validators and possess similar variables to other network tokens, including contract complexity. Moreover, the smallest unit of BTCS for the Bitcoin Spark network will be 0.000000000001. This unit is called a Spark. However, there is no static base fee because the revenue streams also contribute to miner rewards.

Conclusion

Bitcoin Spark offers a viable solution to enterprising individuals who missed out on Bitcoin when it was selling at discounted rates. Bitcoin Spark is a Bitcoin fork that enhances scalability, transaction speed, security, and decentralization. Judging from the immense potential that Bitcoin still has, its alternatives, like Bitcoin Spark, will heavily reward early investors at the onset of the next bull market.

Find out more about Bitcoin Spark on:

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 Kanchanara on Unsplash

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 62586.05 (-0.35%)
Объем 24H $22.707b
Изменеия 24h: 2.34 %, 7d: -2.66 %
Cегодня L: $60793.66 - H: $63077.76
Капитализация $1232.699b Rank 1
Цена в час новости $ 29760.11 (110.3%)

bitcoin popularity adoption continuous market investors cryptocurrency

Источник: nulltx.com

bitcoin popularity → Результатов: 126


Where is Bitcoin Most Popular & How Does it Show?

The popularity of Bitcoin cannot be argued. Nearly every person with access to the internet has heard about it at least once in their life. However, the fact that its popularity is quite vague. Looking at the community, its made up of people from all kinds of backgrounds, nationalities, and religions, therefore it becomes harder […] The post Where is Bitcoin Most Popular & How Does it Show? appeared first on ZyCrypto.

2019-4-20 22:53


Cryptocurrency Rises 382% in a Day, Smells of a Potential Rekt’d Token Scam in Making

Cryptocurrency space is flooded with thousands of tokens and a new one gets added every other day. The vision behind Bitcoin was to create a decentralized currency system to give power in the hands of the community, rather than a big financial institution and banks holding a monopoly over people's money. However, as the popularity […]

2019-4-9 17:49


Фото:

Bitcoin Places 15th In Chinese Crypto Rankings, EOS Takes Top Spot

In an interesting take, China’s Center for Information and Industry Development (CCID) has released its latest cryptocurrency rankings on March 22, 2019, to mixed reviews. Making the List When most people think of ranking cryptos, they would think of judging them by their market capitalization, market value or simply popularity, though this isn’t the casewithRead MoreRead More.

2019-3-25 20:00


Belarus Government Foresight into Bitcoin and Crypto Technology Industry is Paying Its Way Forward

The government of Belarus has used a very interesting strategy in order to make the popularity of Bitcoin grow in the country, which acted as a boost for its tech sector. According to ZDNet, people who worked closely with the president of the country, Alexander Lukashenko, have affirmed that he drafted several pro-crypto laws in […]

2019-3-21 02:54


Фото:

‘Bitcoin Killer’ Onecoin Is Ashes But Investigations Continue to This Day

Back in 2014, a group led by a woman named Ruja Ignatova created a Ponzi scheme called Onecoin which, together with the organization Onelife, defrauded billions from 3 million people. At peak popularity, the group declared that Onecoin would be a “Bitcoin killer” but the pyramid scheme is now in ashes and many of its […] The post ‘Bitcoin Killer’ Onecoin Is Ashes But Investigations Continue to This Day appeared first on Bitcoin News.

2019-2-22 00:30


Фото:

Users Are Passing a Bitcoin ‘Lightning Torch’ Payment Around the World

A new, decidedly social feature on the Bitcoin Lightning Network is gaining popularity this week after one user set up cryptocurrency’s answer to the Olympic flame. Lightning Torch Reaches 2. 3M Satoshis Dubbed ‘Lightning Torch,’ the initiative involves passing a lightning payment between nodes, with each receiving user adding 10,000 satoshis ($0.

2019-1-30 22:00


Joe Rogan, Killer Mike Podcast Interview: Bitcoin Will Go Entirely Mainstream, Become Like Dollars

Despite the current market conditions, one of the heavyweights in the American entertainment industry, Joe Rogan has reportedly said he firmly believes that the flagship cryptocurrency will soon be like the United States dollar bills in terms of popularity and adoption, according to reports on January 24, 2019. Rogan's A Bitcoin Bull Favorite American actor, […]

2019-1-25 00:32


Chainalysis report: $41 billion of transactions were executed on Bitcoin blockchain in 2 months, only $9 billion had real economic value

Bitcoin was about to turn the tide and recover its popularity just before the heavy November price nosedive, according to data released Wednesday by researcher Chainalysis. The blockchain investigators from Chainalysis report that Bitcoin’s 30-day moving average of flows to personal wallets was on the rise, surpassing $400 million by Nov.

2018-12-20 22:56


Фото:

Linkedin Report Crowns “Blockchain Developer” as the Top Emerging Job of 2018

A blog post published by employment service LinkedIn on December 13, 2018, has revealed that blockchain development related jobs have skyrocketed in popularity throughout 2018. In its annual Emerging Jobs Report, LinkedIn noted that the number of jobs for “Blockchain Developer” in the United States grew 33x in the past year, more than any other position.

2018-12-15 15:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

BDAG Leads Over Solana Ecosystem & Cardano Prediction

BlockDAG Showcases CoinMarketCap Listing at Piccadilly Circus, Outshines Solana Ecosystem and Cardano’s Gains The Solana ecosystem wrestles with congestion issues following recent updates and the Cardano price forecast shows only modest improvements.

Trump NFT holders meet boosts MAGA VP MVP by 43% in a Day

US Presidential candidate Donald Trump showed his support for cryptocurrency at a special event for Trump NFT holders held at his Mar a Lago resort in Florida. Trump voiced concerns about crypto companies leaving the US due to negative attitudes towards cryptocurrency.