Remarkable Expansion From Bitcoin Spark Weighs Down Solana

Amid the cryptocurrency winter session that commenced in 2022, there has been the inauguration of projects that seem appealing to venture capitalists and individual investors. The ecosystem has seen projects like Solana emerge. Solana emerged in 2020 from an individual named Anatoly Yakovenko. Solana is widely referred to as Cradano's killer due to the ability of the platform to provide fast transactions and promote interoperability, hence a reliable bridging system. 

Many individuals from the traditional finance niche have joined the ecosystem. Programmers have not been left out, as the platform enables them to utilize a variety of languages to develop dApps. A new platform has emerged called Bitcoin Spark that seeks to develop the perception of individuals concerning blockchain technology. 

What Is Solana?

Solana is a blockchain network developed and launched in 2020 by Anatoly Yakovenko. Anatoly envisioned creating a decentralized platform offering fast transactions, promoting interoperability, and facilitating smart contract operation. The native currency for the platform is SOL. SOL acts as a gas token for the ecosystem. SOL is also used to reward validators who confirm new blocks and create new tokens. The platform uses the proof-of-stake consensus mechanism. 

 Will Solana Go Back Up?

Solana price prediction is pegged to the movement of Bitcoin, the leading digital currency. The price of SOL has slightly plummeted due to the ongoing virtual currency bear market. The bear market caused a lot of organizations to stumble. Nevertheless, based on previous analysis concerning market trends and movements, an imminent bull run might happen in the first quarter of 2024. This period is also regarded as the next Bitcoin halving that might occur in April. 

Bitcoin Spark to Overtake Solana

Solana has been a pertinent element in blockchain technology. However, newer platforms are emerging with new mechanisms that suit the required standard of the current venture capitalists. As the technological universe advances, the decentralized platform needs to diversify and improve in specific ways. 

Therefore, a new blockchain called Bitcoin Spark has emerged to capture the attention of new and native distributed ledger members. The new technology promises individuals with improved mechanisms that will automatically change their methods of revenue generation. Cognitos and Vital Block have audited the new platform to verify your customer and smart contract.

The platform has a well-detailed roadmap that entails information on progress in the commencement of the ICO towards the launch period. In addition, the platform has smart contracts containing multiple layers compatible with EVM high-level and low-level languages. 

Compared to Ethereum, BitcoinSpark's smart contracts facilitate the utilization of distinct programming languages such as Solidity and Vyper or any other high-level language. The platform encourages the entrance of various developers into the ecosystem. This entrance will facilitate the variation of smart contract deployment and developer languages and styles.

Moreover, Bitcoin Spark utilizes a new validation mechanism called proof-of-process. Proof-of-process blends proof-of-work and proof-of-stake to operate uniformly. Pro00f-of-process works in tandem with a pertinent system that inhibits the linear distribution of rewards. 

The process allows all the small-scale and large-scale participants to receive rewards for their extinguishing work on the platform. The reward algorithm works in a manner suggesting the more you stake, the higher the rewards, but in a nonlinear manner. 

Learn more about Bitcoin Spark on:

Website: https://bitcoinspark.org/ 

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