In blockchain technology, cryptocurrency startups seek to amend the problems embedded within the ecosystem. For instance, Vitalik Buterin created Ethereum as a more developed platform to solve Bitcoin's problems. Bitcoin has issues pertaining to scalability, interoperability, and smart contract layers. Smart contracts are layers of code that execute automatic transactions within a virtual network.
The defect made Ethereum gain more traction as developers joined the community since they could create decentralized applications (DApps). Bitcoin Spark is another project inaugurated to promote the development of ledger technology. The project has a one-of-a-kind validation mechanism that will promote equal distribution of rewards.
Mining is considered a virtual activity that enhances future development. The practice of Mining requires participants to purchase electronic devices that can easily connect with a blockchain network. Additionally, electricity is needed, which powers up the network's miners and computers. Crypto enthusiasts believe that crypto mining has become rampant and will have a surge as more individuals enter the ecosystem.
Bitcoin Spark is a cryptocurrency startup that will amend the challenges within the Web3 community. The platform has a native digital currency, BTCS, which is used as a utility as well as a gas token. Bitcoin Spark rewards community members for participating in the platform's initial development phase.
The maximum supply of BTCS is 21 million, allocated to mining rewards and launch supply. From the launch token, 50,000 will head towards team tokens aggregating to 0.24%, 4 million will be distributed during the currently running initial coin offering (ICO), and 500,000 to initial liquidity pools and exchanges.
The crypto startup is currently in its fourth phase of the ongoing presale. Investors and blockchain enthusiasts can purchase BTCS at a cheaper price of $2.25 before the next ICO phase begins and the price is increased. Users will receive a 10% bonus for the amount of BTCS purchased. During the launch period (30th November), participants will have a profit of 489% since one BTCS will be worth $10.
A quick and innovative marketing strategy is always needed in the crypto realm, as there are immense hopes for development indications. Bitcoin Spark has an incredible marketing strategy that is known as innovative disruption. The groundbreaking marketing strategy seeks to take over the traditional methods of promoting a new platform.
The latest Bitcoin fork uses an implementation of storytelling, utilization of modern technology, and strategic positioning. This mechanism allows an appealing position where it will promote the development of blockchain technology. Other methods utilized for marketing include influencer collaborations and community building.
Another factor that makes Bitcoin Spark the most appealing project is the smart contract layer that conducts all operations. Smart contracts will be deployed through any compatible high-level or low-level language. Unlike Ethereum, Bitcoin Spark enables community members to utilize any EVM-bytecode-compatible language, such as Solidity and Vyper. Conversely, blockchain developers can now generate their decentralized applications freely.
Website: https://bitcoinspark.org/
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.