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The post The Breathtaking Acceleration of Bitcoin Spark’s ICO in Bear Market Could Mean Massive Profit appeared first on Coinpedia Fintech News
With the next anticipated crypto bull run quickly approaching, many investors are looking for the best crypto to invest in. On that note, market observers suggest that the breathtaking acceleration of Bitcoin Spark’s Initial Coin Offering (ICO) in the bear market could mean massive profits.
When is the next crypto bull run?
Many in the crypto community are looking towards the upcoming Bitcoin halving event, which is predicted to occur in 2024, as a potential catalyst for the start of the next crypto bull run. Bitcoin halvings reduce the rate at which new Bitcoins are created, and with each halving, scarcity increases, and demand tends to surge, leading to price increases. Historically, Bitcoin halvings have been pivotal moments that trigger significant price rallies for the entire crypto market.
What is Bitcoin Spark?
Bitcoin Spark is the latest Bitcoin Fork. It has gained attention for its ability to preserve Bitcoin’s history by maintaining a limited supply of 21 million coins while introducing a range of innovative features that position it as a pioneer of the next generation of crypto.
The Bitcoin Spark blockchain will have a shorter block time, enhanced transaction capabilities per block, and a substantially larger number of nodes than Bitcoin, ensuring faster and more cost-efficient transactions.
Additionally, the blockchain will have a multi-layered infrastructure that includes a smart contract layer with separate execution systems that all reach finality on the main network. This ensures scalability and allows for a variety of high-level and low-level programming languages, encouraging diversity in the smart contracts and decentralized applications (Dapps) within the ecosystem. Bitcoin Spark has successfully passed multiple smart contract audits, indicating the sustainability of its network.
Furthermore, Bitcoin Spark uses a revolutionary consensus mechanism known as the Proof-of-Process (PoP). This mechanism non-linearly rewards miners for confirming blocks and contributing their processing power to the network. The nonlinearity of rewards and extensive node network allows even those with lower-powered devices to mine BTCS. In fact, the Bitcoin Spark team is set to launch a mining application compatible with Windows, Mac OS, iOS, and Android devices.
The miners’ contributed power will be rented out as remote computing power to individuals and organizations through Bitcoin Spark. Payments will be made in BTCS, and 97% of the revenue will be allocated to the mining pool. The BTCS minting rewards will run on an elastic system that factors the income generated within Bitcoin Spark. If more revenue is generated, the BTCS minting rewards are reduced proportionally. This moves the BTCS minting endpoint further, ensuring consistent profits for miners in the long term.
Additionally, Bitcoin Spark will incorporate small, unobtrusive spaces for advertisements in its application and blockchain explorer. The ads will be community-policied to ensure security and credibility while upholding decentralization. Advertisers will be required to pay in BTCS, merging Bitcoin Spark with the booming marketing industry. The network’s participants will receive 50% of the revenue generated and extra incentives for policing the ads.
The Bitcoin Spark ICO
The Bitcoin Spark Initial Coin Offering (ICO) started on 1st August, with BTCS selling at $1.25 and investors getting a 20% bonus. Barely five weeks after its onset, the ICO had witnessed more than $1.4 million in investments, with notable purchases from crypto whales. The ICO is currently in Phase 6 out of 10, with BTCS priced at $2.75 and investors getting an 8% bonus. BTCS is set to launch at $10 on 30th November, signifying a 393% increase from its current price and an 800% increase from its Phase 1 price.
Bitcoin Spark’s innovative technology, limited supply, low market capitalization, and launch close to the start of the potential bull run could lead to unprecedented price surges, yielding massive profits.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
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