Is This Bitcoin Fork the New Ethereum? A Closer Look at Their Prospects

A new Bitcoin fork is causing ripples, and discussions have ignited the crypto space about its potential to fit in the shoes of the established giant, Ethereum. As both platforms offer unique features and opportunities within the blockchain circles, their technologies might reshape the landscape of decentralized applications, smart contracts, and the broader blockchain ecosystem.

How to mine Ethereum?

Ethereum mining involves the validation of transactions and their addition to the blockchain through computational processes. Ethereum mining entails several steps, beginning with opening a wallet for safe storage and maintenance of tokens. Next, acquire GPU or ASIC mining hardware and install mining software, configuring it to connect to the Ethereum network. Joining a mining pool can be beneficial as you can co-share resources with other miners and enhance the likelihood of earning rewards. With all mining resources in place, initiate the mining software and start validating transactions. However, Ethereum's consensus mechanism has transitioned to proof-of-stake, resulting in the discontinuation of mining. Ethereum is now secured by validators who stake by depositing ETH.

ETH Price

Since December 2022, the ETH price has been following a rising support line, confirmed at around $1,650. As the ETH price nears this rising support line again, questions arise on what happens next. ETH price prediction expects an increase toward the $2,000 resistance level or a drop to the $1,650 support. Considering the proximity of the resistance to the long-term level of $1,950, a clear and definitive close above this point will be necessary.

Bitcoin Spark (BTCS)

Bitcoin Spark is a notable addition to the Bitcoin alternatives and introduces a robust blockchain technology known as Proof-Of-Process (PoP). PoP This technology sets it apart from Bitcoin (BTC), though it shares some tokenomics like the 21M capped and deflationary supply. BTCS, through PoP, offers solutions to some of the challenges plaguing BTC. Whereas BTC lacks smart contracts, suffers high transaction costs, and its mining dominance by a few individuals, BTCS strives to address these issues through improved transaction processing and scalability.

BTCS introduces an innovative revenue generation model through a Bitcoin Spark application that enables users to access processing power for tasks requiring significant computational resources. This process includes mining and reward distribution. BTCS enhances block size for increased transaction capacity per block. Moreover, the network plans on having more nodes, achieving higher decentralization levels with lower costs.

A remarkable aspect of BTCS is its all-inclusive approach lowering the entry for mining, and allowing anyone to participate. BTCS platform proposes the integration of a smart contract layer, which enables the building of diverse applications using different programming languages. 

The BTCS ICO is surging in phase two at 1.75, offering a 15% bonus and a projected potential gain of 675%. Picture an investment in Bitcoin under the same terms a decade ago when the price was $1 and consider this ICO as a second chance.

BTCS prioritizes compliance, transparency, and infrastructure security. It has obtained KYC certification from Cognitos KYC for identity verification and smart contracts audit from ContractWolf.

Wrap Up

As Ethereum leads in decentralized apps and smart contracts, Bitcoin Spark, with advanced features, potentially challenges the status quo, becoming an Ethereum killer.

Find more here:

Website: https://bitcoinspark.org/

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