High Conversion Unveiled Between Quant (QNT), Cardano (ADA), and Bitcoin Spark (BTCS) Communities

Blockchain technology is transparent, and all on-chain transactions are visible through the blockchain explorer. Blockchain explorers show the addresses involved in a trade, the type of transaction, the digital assets involved, and the amount charged as transaction fees. Recently, on-chain activity indicated high volumes of conversion transactions involving Cardano, Quant, and Bitcoin Spark.

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What is Cardano?

Cardano is a decentralized blockchain-powered project that uses a proof of stake consensus mechanism to manage its network. The platform was led by Charles Hoskinson, a renowned cryptographic figure and co-founder of Ethereum. Charles’ primary objective in creating Cardano was to provide a suitable smart contract platform alternative to the Ethereum mainnet and at the same time, engineer a proof-of-work consensus alternative mechanism (proof-of-stake). ADA is the native utility and gas token of the Cardano infrastructure. It is named after Augusta Ada King Countess of Lovelace (1815–1852), who was popular among computer experts as the first computer programmer.

What is quant?

Quant is an altcoin that has garnered investments from investors around the world. The platform is a utility token that seeks to provide value to the Web3 ecosystem by enhancing faster and cheaper transactions as well as facilitating efficiency in cross-network transactions. The network has faced tough times in the recent bear market, which has seen its QNT price drop sharply to its all-time low, losing over 40% of its intrinsic value. As Quant struggles to make a comeback, investors are looking to Bitcoin Spark as the next Bitcoin alternative.

Why is Bitcoin Spark special?

bitcoin spark There is a new DeFi project that is giving investors who missed out on buying Bitcoin in 2013 a chance to redeem themselves. Like Bitcoin in its early stages of development, Bitcoin Spark is attracting sophisticated investors including whales and institutions, making it a once-in-a-lifetime opportunity like Bitcoin. The platform has borrowed some features from the Bitcoin network, including its tokenomics.

Like Bitcoin, Bitcoin Spark has a maximum supply of 21 million BTCS tokens. The only difference is the token allocation. Unlike Bitcoin, most of Bitcoin Spark’s tokens are allocated into mining pools for the network’s validators to earn in their validation processes. This makes it take longer to reach the maximum token supply, which the team estimates will not be achieved until 120 years have passed.

Key elements that make Bitcoin Spark unique are its scalability features that include the integration of smart contract layers as well as a proprietary bridging system. The smart contract layer will allow a variety of developers to deploy decentralized applications using high- and low-level languages ​​such as Solidity and Viper or any other language compatible with EVM bytecode.

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Additionally, the network intends to introduce revenue-generating methods including advertising campaigns and lending processing power to customers. The advertising campaign will be controlled in a decentralized manner through voting processes. Anyone with BTCS tokens can vote against an ad that appears to violate the platform’s terms of service. On the other hand, the mining activities of Bitcoin Spark’s network participants will yield processing power that customers will pay in BTCS to use for online computational tasks.

BTCS tokens are available for purchase for just $2.75 in the ongoing ICO event. Orders placed before ICO phase six ends will automatically include an 8% bonus from the Bitcoin Spark team for early participation.

Learn more about Bitcoin Spark:

Website: https://bitcoinspark.org/

Buy BTCS:

source: u.today