SHIB, BONE, and LEASH are currently riding a wave of optimism within the crypto community. But what does this mean for the highly anticipated Bitcoin fork known as Bitcoin Spark (BTCS).
Several analysts have predicted bullish scenarios for SHIB, BONE, and LEASH. This comes after a significant development in the Shiba Inu ecosystem, Shibarium. The recently re-launched layer-2 blockchain has witnessed consistent growth in the number of daily transactions, reaching a milestone of 200,000 on September 13. The Shibarium blockchain transformed Shiba Inu from a meme coin into a comprehensive ecosystem with a decentralized exchange (DEX), a metaverse, and blockchain games, making use of SHIB, BONE, and LEASH. This increase in utility has been reflected positively, with the trifecta getting an additional listing on the Australian crypto exchange GroveX and seeing more purchases from investors and traders.
Bitcoin Spark has garnered the crypto community's attention due to its unique value proposition. This Bitcoin fork solves Bitcoin's limitations and introduces new technologies designed to usher in the next generation of crypto. It also retains the scarcity factor that has made BTC fervently compared to gold by having a maximum supply of 21 million.
The Bitcoin Spark blockchain offers faster and cheaper transactions than its predecessor due to its increased individual block transaction capacity, reduced block time, and a larger number of nodes. The blockchain has a multi-layered design, including a smart contract layer with multiple execution systems but singular network finality. The layered architecture will allow developers to have the freedom to use different high-level and low-level programming languages. Bitcoin Spark thus positions itself as a robust platform for building and utilizing diverse smart contracts and decentralized applications (DApps).
Perhaps the most distinctive feature of Bitcoin Spark is its proprietary consensus mechanism, the Proof-of-Process (PoP). The PoP rewards users for confirming blocks and renting out their processing power to the network. However, the PoP is combined with an algorithm that exponentially reduces rewards per additional power to ensure a fairer distribution system. The nonlinear rewards functionality, combined with the network's vast nodes, allows for many validators, promoting true decentralization. The Bitcoin Spark development team will launch an application compatible with Windows, Android, iOS, Mac OS, and Linux, enabling users to participate in network validation by permitting access to their devices' processing units.
Bitcoin Spark will channel the validators' power to clients who require significant remote computing resources. The network's clients will pay for the service using BTCS, and the revenue will then be distributed among the validators.
Furthermore, the Bitcoin Spark application and website will have small slots for advertisements. The ads will be community-policied to ensure the credibility of the platform and the ads therein. Advertisers will be required to pay with BTCS, combining crypto with the booming marketing industry.
BTCS is up 364% from its initial price, currently selling at $2.50 in Phase 5 of the Bitcoin Spark Initial Coin Offering (ICO). Notably, investors at this level get a 9% bonus and can expect a 436% increase in investments since BTCS will launch at $10. The ICO has received massive investments, surpassing the $1.4M mark in just five weeks. It has also received positive reviews from many crypto experts.
The predicted rise of SHIB, BONE, and LEASH displays the positive effects of increasing the utility of cryptocurrencies. As such, Bitcoin Spark (BTCS) is well-positioned to get significant price increases even after launch.
Website: https://bitcoinspark.org/
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