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.
How To Mine Crypto
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: Future of Blockchain
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.
Learn more about Bitcoin Spark on:
Disclaimer: Any financial and crypto market information given on Analytics Insight are sponsored articles, written for informational purpose only and is not an investment advice. The readers are further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Conduct your own research by contacting financial experts before making any investment decisions. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Analytics Insight of being absolved from any/ all potential legal action, or enforceable claims. We do not represent nor own any cryptocurrency, any complaints, abuse or concerns with regards to the information provided shall be immediately informed here.
The information provided in our posts or blogs are for educational and informative purposes only. We do not guarantee the accuracy, completeness or suitability of the information. We do not provide financial or investment advice. Readers should always seek professional advice before making any financial or investment decisions based on the information provided in our content. We will not be held responsible for any losses, damages or consequences that may arise from relying on the information provided in our content.