The crypto market is steadily recovering. And analysts suggest that Stellar (XLM) and a new Bitcoin fork known as Bitcoin Spark (BTCS) could be the next big investment opportunity in this space.
Is XLM a good investment?
Stellar is a decentralized payments network that enables quick, low-cost cross-border transactions. Partnerships with large financial institutions and corporations boost its reputation, while its unique consensus mechanism and decentralized nature ensure security and transparency. Stellar’s financial inclusion efforts match the growing demand for accessible and inclusive financial services, especially in areas with limited banking infrastructure. This, coupled with a visionary team and a track record of technological advancements, makes XLM a compelling investment opportunity.
What is a Bitcoin Fork?
A Bitcoin fork refers to a significant change in the original Bitcoin blockchain protocol, resulting in the creation of a new cryptocurrency with similar fundamentals but distinct features. Bitcoin forks can be categorized into: soft forks and hard forks. Soft forks introduce backward-compatible changes, while hard forks involve more substantial alterations that result in completely new blockchains. Bitcoin forks have gained recognition in the crypto space because they offer users and investors a chance to interact with different iterations of the Bitcoin ecosystem.
Bitcoin Spark (BTCS): The new generation of Bitcoin (BTC)
Bitcoin Spark is the latest Bitcoin hard fork. It builds on the vision of Bitcoin’s creator, introducing improvements that solve its limitations. The Bitcoin Spark network achieves faster transaction speeds and lower gas fees by reducing the time per block, increasing the individual block capabilities, and having a significantly higher number of nodes.
The network is also built on a multi-layered architecture, including a smart contract layer. This layer will allow for multiple languages to be used for application building, including Rust and EVM-compatible languages like Solidity and Vyper. This multi-layered approach ensures scalability while establishing alternative use cases for the BTCS token.
Bitcoin Spark also solves the mining juggernauts that have made BTC mining an option for only a few individuals. It introduces a novel consensus mechanism known as Proof-of-Process (PoP), which is a blend of Proof-of-Work (PoW) and Proof-of-Stake (PoS). The PoP requires miners to provide processing power and a stake in the network in order to confirm blocks and earn rewards. The consensus mechanism combines a mathematical algorithm that restricts linear rewards based on a stake or raw processing power to ensure a fairer distribution among network participants.
The mining will initially be done through the Bitcoin Spark application until the network’s repository is publicly available for developers to create their own mining applications. The application will be easy to use and will automatically limit the mining capability by regulating the amount of the device’s power used. It will also be compatible with any device, ensuring BTCS mining is open to everyone.
Bitcoin Spark also overlays other revenue-generation services within its network in order to realize its goal of being a self-sustaining network that enables its network participants to profit continually with a limited supply. These services will include advertising on the website and application, where network participants will receive 50% of the revenue generated.
According to experienced investors and analysts, Bitcoin Spark (BTCS) presents a great opportunity for those who missed out on acquiring Bitcoin (BTC) in its early days. The Bitcoin Spark Initial coin offering (ICO) is currently in the first phase, selling BTCS at $1.50 and offering a 20% bonus, with the opportunity to get an 800% increase in investments.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Credit: Source link