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Crypto Market Update: Top Large-Cap Movers in the Last Hour: OX -7.0%, SHDW -4.73%, BTCS -3.95%, FLC -3.56%, AGRS -3.5%
MinMax AI
MinMax AI
about 1 month ago
Yasni Yahya
Yasni Yahya
Congratulations!
3 months ago
Anilsingta
Anilsingta
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Is another Bitcoin bull run underway? This analyst thinks so Bitcoin [BTC] may be gearing up for another surge despite a recent pullback from its 2023 high of $44,000, pseudonymous CryptoQuant analyst Tarekonchain noted in a new report. These indicators hint at another bullish rally Tarekonchain assessed three key on-chain indicators and found that their values have gradually increased recently. Based on these readings, the analyst concluded that It compares the average purchase price of all BTCs investors hold to the current market price. When it rises above zero and remains in an uptrend, it means that BTC holders are in profit. According to Tarekonchain a rising NUPL indicates an increasingly profitable market, often correlating with a bullish sentiment. At 0.48, and in an uptrend, the analyst opined: Another metric assessed by the CryptoQuant analyst was BTC’s Market Value to Realized Value (MVRV) ratio. An asset’s MVRV ratio tracks the ratio between the asset’s current market price and the average price of every coin or token of that asset acquired. A positive MVRV ratio above one signals an asset is overvalued, while a negative MVRV value shows that the asset is undervalued. Assessed on a 30-day small moving average, BTC’s MVRV has risen by 11% in the last 30 days. #dyor

2 months ago
Coinstages
Coinstages
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Bitcoin [BTC] may be gearing up for another surge despite a recent pullback from its 2023 high of $44,000, pseudonymous CryptoQuant analyst Tarekonchain noted in a new report. These indicators hint at another bullish rally Tarekonchain assessed three key on-chain indicators and found that their values have gradually increased recently. Based on these readings, the analyst concluded that “the bear market for Bitcoin may be subsiding, making way for the early stages of a bull cycle.” The first metric the analyst considered was BTC’s Net Unrealized Profit/Loss (NUPL). The NUPL metric determines whether BTC holders are currently experiencing unrealized gains or losses.  It compares the average purchase price of all BTCs investors hold to the current market price. When it rises above zero and remains in an uptrend, it means that BTC holders are in profit.  According to Tarekonchain a rising NUPL indicates an increasingly profitable market, often correlating with a bullish sentiment. At 0.48, and in an uptrend, the analyst opined: “The current trajectory of NUPL suggests an uplift in market optimism, which is a typical precursor to a bull market.” What the MVRV ratio says Another metric assessed by the CryptoQuant analyst was BTC’s  Market Value to Realized Value (MVRV) ratio. An asset’s MVRV ratio tracks the ratio between the asset’s current market price and the average price of every coin or token of that asset acquired. A positive MVRV ratio above one signals an asset is overvalued, while a negative MVRV value shows that the asset is undervalued. Assessed on a 30-day small moving average, BTC’s MVRV has risen by 11% in the last 30 days.  According to Tarekonchain: “The recent upward movement in the MVRV ratio from these lower levels may signal that the market is transitioning from undervaluation to a phase where growth is anticipated, hinting at the start of a bull cycle.” Lastly, the analyst considered BTC’s Puell Multiple. This indicator provides insights into the profitability of mining operations on the BTC network. When the value of the metric rises, mining revenue is relatively high compared to the long-term average. On the other hand, a low Puell Multiple indicates that mining revenue is relatively low compared to the historical average. Taking a cue from BTC’s historical performance, Tarekonchain noted that a low Puell Multiple often marks market bottoms, and many view it as an opportunity to accumulate the leading coin. With this indicator in an uptrend in recent times, the analyst concluded: “A gradual increase in this multiple from its lower levels can be interpreted as a reduction in selling pressure and increased profitability for miners, aligning with the potential onset of a bull cycle.” ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #BTCUpdate #bitcoinbullrun $BTC

2 months ago
Cryptoholic buoy
Cryptoholic buoy
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Statistics indicate that a miner of that size would solve a Bitcoin block only once in five yearsA miner achieved the feat of alone mining a block of Bitcoin and keeping the entire block reward (6.25 BTC) plus network fees (0.637 BTC), profiting around R$1.25 million in the operation.The block in which this occurred was 818,588, mined last Sunday (26) as announced on X Con Kolivas, the creator of the Solo CK pool — of which the lucky miner is part.Solo CK is different from traditional mining pools that equally distribute rewards among all participating miners when a block is found. On the rare occasion that an independent Solo CK miner finds a block, the reward goes entirely to him.This mining pool is generally used by miners with more limited computing capacity, who would have difficulty competing with large pools and companies in Bitcoin mining.In the weekend operation, for example, Kolivas said that a miner of that size would solve a Bitcoin block, on average, only once every five years. This is because the computational power of this miner was 2 PH/s (petahashes per second).When asked by a user how much a 2 PH/s operation would cost, Kolivas said it would be “at least US$30,000 plus operational costs”.“Congratulations to miner 15VYcdhWXB2tpKmFHKT9DcGLWDQJQ2XMJW with 2PH for solving the 279th soil block in the Solo CK Pool,” Kolivas wrote.The lucky miner's address now has a balance of 13.49801219 BTC, equivalent to R$2.4 million.Other Lucky Bitcoin MinersIn August this year, another lucky Bitcoin miner also defied the odds by solving a block alone and winning R$800,000 in BTC. The feat depended on just 1 PH/s in computational power.At the current difficulty of Bitcoin mining, Kolivas said at the time, “a miner of this size would only solve a block on average once every 7 years.”In June, luck was also on the side of another bitcoiner who used a single piece of equipment to find a solution for a Bitcoin block and earned a profit worth 6 BTCs — also around R$800,000 at the time.At the time, Kolivas found that the miner was executing a modest ~17 terahashes per second (TH/s), probably on a single Antminer Bitmain S9, a model launched in 2017.With this feat, he surpassed the chance of 1:5,500 by accomplishing something that, according to statistics, would take 450 years to happen.In March, another solo miner used the service to solve Bitcoin block 780,112 and earn a reward of 6.25 BTC, about $148,000 at the time.It is worth remembering that individual miners enjoy much fewer resources than the main industrial-scale cryptocurrency mining pools.How to turn 1$ into 1000$ on Binance with a straight forward trading plan6:18 am・2 Dec 2023 Cryptoholic buoy Follow🎯 Unlocking the Potential: An Easy Strategy🧿Begin Strong with a Blueprint: Define your objectives, risk tolerance, and timeframe. Acknowledge the high-risk nature of this undertaking.🧿Choose Intelligently: Concentrate on highly dynamic assets such as digital currencies or low-priced stocks for substantial price fluctuations.🧿Master Risk Oversight: Never jeopardize more than you can afford to forfeit. With $5, approach each trade as a high-risk endeavor.🧿Adopt Day Trading: Exploit short-term price swings, aligning with your limited capital.🧿Delve into Exploration and Analysis: Familiarize yourself with technical analysis, identify entry and exit points, comprehend candlestick patterns, moving averages, and other indicators.🧿Develop a Trading Scheme: Define explicit stop-loss and take-profit orders for each trade to curtail losses and secure profits.🧿Embrace Incremental Growth: Aim for slight, steady gains. Reinvest profits to progressively expand your capital.🧿Cultivate Patience and Discipline: Adhere to your strategy, resist emotional decisions, and recognize that achieving your goal may take time.🧿Dedicate to Continuous Learning: Stay updated on trading strategies, market trends, and effective risk management practices.🔊 Vital Reminder: Trading involves substantial risk, and success is not guaranteed. You may lose your initial $5. Only invest what you can afford to lose, and consider seeking advice from financial experts.🎯 Ready for the Trading Expedition? Let's Generate Those Profits!🧩 $BTC 🧩 $ORDI 🧩 $ETH 🧩🅰️🗣️DisclaimerThe content of this publication does not constitute financial advice. Always do your own research.🅱️👁️Share your thoughts on the matter in the comments section below.✍️✍️✍️👇👇👇❄️⛄️❄️⛄️❄️⛄️❄️⛄️❄️⛄️❄️💰"If your impressions of the publication poured into a cup of tea, it would be a real source of inspiration in our further creative process. We would appreciate your support in the form of tea as a token of thanks .”💰💰💰 #CryptoholicGems #CryptoholicArmy #BTC

3 months ago
Coinstages
Coinstages
followers

Bitcoin halving price prediction Bitcoin halving price prediction; With the Bitcoin halving event just around the corner, crypto enthusiasts, particularly Bitcoin holders, appeared more bullish than ever before as they anticipated an unprecedented surge in BTC’s value following the highly anticipated event. Previous halving events in 2012, 2016, and 2020 all elicited bull market runs, and it is a common belief that next year’s halving should not be an exception.  However, while it does not seem out of place to be highly optimistic with the halving event in view, some factors should be considered before placing so much hope on the prospect of the event. Before highlighting some of these significant factors, it is worth mentioning that the next BTC halving is programmed to play out in April 2024.  On the other hand, TimesTabloid has published a well-drafted article on all you need to know about Bitcoin halving. You can read it up to be well-informed about what the event is all about.  Effect Of BTC’s Rising Interest Rate On Demand and Supply, Bitcoin halving price prediction The idea behind every Bitcoin halving event has often centered on inducing scarcity. How does the halving show cause want? This is achieved by slashing the supply rate of new BTCs by half, which makes BTC more of a deflationary and risky asset.  All of the aforementioned would invariably increase BTC’s demand by making the coin more attractive to potential investors and scarce. It is worth noting that with lower interest rates, more spending would be elicited, thereby increasing demand. However, this is not the case for BTC, as the coin seemed to be rewarding holders with rising interest rates, which might not be all that good for the coin’s supply and demand curve in the long run. History Of Past Bitcoin Halving Events  The last halving event went live around May 2020, and it saw BTC surge to an all-time high (ATH) of $68,790 in November 2021.  Similar remarkable price highs occurred in other past events, particularly in 2012 and 2016. However, the 2020 show seemed to be attracting significant attention as it was deemed to have catalyzed BTC’s ATH. Outcome Of Litecoin Halving Events  Litecoin, just like Bitcoin, is another proof-of-work cryptocurrency. It has held three halving events in the past with no spectacular changes in the coin’s price.  Litecoin halving events in the past happened in 2015 and 2019. The most recent one went live this year in August, and the token is still down by 9% for the year.  In summary, there is no assurance that every BTC halving automatically translates to any peculiar price surge. Investors and crypto enthusiasts should take every price prediction cautiously while we await the principal occasion. ⚠️Disclaimer: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #bitcoin #BTC $BTC

5 months ago
Web3 Insider
Web3 Insider
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One of the reasons why cryptocurrencies are lucrative investment deals for individuals and investors is because they tend to have high returns on investment. These assets are highly volatile, and their prices fluctuate significantly. During the bull market, most digital asset prices surge as investor sentiment shifts to bullish. These periods are associated with greed, as retail and institutional investors flock to benefit from the rising prices.  For this reason, buying digital assets at low prices is essential. The current market is recovering from a bear market, and digital assets are available for investors at a bargain. Solana, Tron, and Bitcoin Spark are among the best projects to invest in before the bull cycle begins. What are the best crypto projects to buy now? It is impossible to accurately predict and call the market with a list of crypto projects to make headlines with new highs. However, historical data from past market cycles indicates that utility tokens that solve limitations in the DeFi ecosystem are the best bets to buy just before a bull market begins. Solana and Tron are utility tokens likely to reward long-term investors and holders with capital gains. The projects provide suitable Web3 platforms that have revolutionized the entire blockchain scope by supporting upcoming projects, smart contracts, and NFTs. However, Bitcoin Spark is the best crypto project to buy now. Here is why. Why is Bitcoin Spark unique? The Web3 ecosystem faces the inauguration of new digital platforms frequently. However, only utility tokens like Solana, Tron, and now Bitcoin Spark make it to mainstream adoption. Unlike Solana and Tron, which offer smart contracting platforms as alternatives to Ethereum, Bitcoin Spark is a Bitcoin hard fork. The new entrant’s functionalities and utilities make it a more desirable project than Solana and Tron.  Newer projects reward investors significantly due to a smaller but growing market capitalization. Bitcoin Spark’s market capitalization will most likely move in double or triple figures as the imminent bull market commences, rewarding early adopters significantly with capital gains. Bitcoin Spark is the only Web3 platform to amalgamate proof-of-work and proof-of-stake to form a unique consensus mechanism called proof-of-process.  The proof-of-process consensus mechanism values proof-of-work more, with miners getting more rewards than stakers for “working” on the network. However, the earning mechanism is controlled by an algorithm that rewards miners according to the magnitude of the work done, but not in a way that creates an unbalanced ecosystem.  Proof-of-process work will involve a different form of mining as the ideal network validation method. Unlike Bitcoin, whose transactions are approved by miners competing to solve complex mathematical equations, Bitcoin Spark’s equations are simpler and more straightforward and, therefore, more accessible to mine.  Miners are rewarded in BTCS tokens for approving transactions and verifying new blocks. Since mining BTCS requires less energy, the process will be executed using simple electronic gadgets such as mobile phones, laptops, and tablets. The Bitcoin Spark team is developing software applications supported by different operating systems to facilitate the mining process.  These operating systems, including Windows, Mac OS, iOS, and Linux, will power the software solutions, ensuring the mining process happens efficiently in the background without interfering with the standard use cases of the device. This is a massive advantage since users will not incur extra costs to buy mining devices specifically designed to mine digital assets, as is the case with mining in the Bitcoin network. Bitcoin Spark is in its twilight stages of development, and a presale exists, selling ERC-20 BTCS tokens that will later be bridgeable on the Bitcoin Spark network upon mainnet release. Each BTCS token is available at a cheap and affordable price of $2.75 and accompanies an 8% bonus eligible for all transactions of all sizes. 

5 months ago
Web3 Insider
Web3 Insider
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While BNB and Solana have made significant strides, innovation, and advancement are the driving forces in the fast-paced crypto arena. A new dawn has been poised to challenge the dominance of established players like Binance Coin (BNB) and Solana (SOL). Bitcoin Spark (BTCS) brings along a unique blend of features and capabilities set to outperform competitors. Bitcoin Spark (BTCS) Bitcoin Spark represents a promising new dawn of blockchain technology with its robust Proof-of-Process (PoP) technique that utilizes the strengths of Bitcoin’s PoW and PoS protocols. Bitcoin Spark (BTCS) is a cryptocurrency offering innovative solutions to traditional cryptocurrencies like Bitcoin, BNB, and Solana.  Bitcoin Spark introduces a unique approach to mining, permitting users to rent out their mining devices’ processing power for various tasks, such as video rendering and powerful simulations. Miners receive BTCS as payment for work done, providing their processing power, and this BTCS is allocated to the mining rewards pool, thereby expanding the rewards for miners. The rewards distribution involves allocations to the team for upkeep and maintenance, while the remaining portion benefits the miners. This approach encourages participation and supports the network’s growth. The Bitcoin Spark application will deploy an easy-to-use interface comprising mining software compatible with Windows, Mac OS, Linux, iOS, and Android. This software provides a secure processing unit and adjusts power usage based on device overheating or battery levels. BTCS aims to make mining accessible to a broader audience regardless of mining resources, whether experienced or novice miners. Bitcoin Spark seeks to expand its revenue sources through the ecosystem’s additional services. The primary revenue source is decentralized CPU rental, where miners offer processing power to the network, and users pay in BTCS. A percentage of this revenue goes to the team for upkeep, with the rest benefiting miners. The secondary revenue source includes advertising within the Bitcoin Spark application and its website. A portion of this revenue also supports the team and miners, and the advertising system is designed to be community-policed to ensure the quality and appropriateness of ads. In its current ICO phase four, BTCS tokens are priced at $2.25 each, with a 10% bonus for early uptake. The ICO provides an opportunity for investors to participate and benefit from the growth of the Bitcoin Spark ecosystem. The ICO’s attractive ROI of 489% is enticing to investors holding their phase four tokens when the BTCS project launches at $10 in November. Bitcoin Spark emerges as a valid contender, offering improved scalability and lower transaction fees compared to BNB and Solana. While BNB and SOL have seen significant strides and encountered rough seas, Bitcoin Spark aims to provide a more efficient and cost-effective platform for users, potentially making it a strong competitor in the cryptocurrency market. BNB Price prediction BNB strives at reduced trading fees on the Binance exchange and has evolved into a versatile cryptocurrency with various uses, including paying for transaction fees, entertainment, online services, and financial activities. The current BNB price of $214.19 was a slight -0.31% change in the last 24 hours with a market cap of $32B. According to BNB Price prediction, it achieved its ATH value of $686.31 on May 10, 2021, due to a surge in dApps and DeFi in BSC. Solana price prediction Solana has emerged as a prominent player in the cryptocurrency space, garnering attention for its exceptional scalability and high-speed transaction (TPS) capabilities. Solana has emerged as a solution provider in a landscape where many blockchains grapple with issues related to slow transaction processing and high fees. Its ability to execute a staggering TPS has made it an attractive choice for developers and users, including decentralized exchanges (DEXs), lending platforms, non-fungible token (NFT) marketplaces, and blockchain-based games. The performance of SOL, Solana’s native cryptocurrency, has been closely watched by investors and traders in the crypto space. The SOL price has exhibited notable patterns, with some market observers suggesting it’s on the verge of a price movement. Solana price prediction identifies the $30 level as a potential target for the end-of-year price movement. This is noteworthy because it implies a substantial increase from Solana’s current price point, and investors should consult with reliable Solana price predictions for daily, monthly, and long-term predictions.

6 months ago
Web3 Insider
Web3 Insider
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Innovation is key to success in the cryptocurrency space, and Bitcoin Spark, a new project in the digital currency arena, is making waves with its unique approach and top-range features. As the crypto market becomes increasingly crowded, standing out from the competition is no easy feat without radical solutions. Bitcoin Spark takes charge as a blockchain frontrunner in the race for dominance, leaving established names like Binance Coin (BNB) and Polygon (MATIC) in its wake. Let’s explore why Bitcoin Spark emerges as the future of cryptocurrency, outshining its counterparts while appreciating its innovative technology, forward-thinking approach, and distinctive advantages. Bitcoin Spark (BTCS) BTCS, running a Proof-of-Process (PoP) mechanism, aims to provide a secure and efficient platform for users to engage in digital transactions, including payments and smart contracts. It’s designed to address some of the limitations and challenges other projects face, particularly regarding scalability, energy consumption, and ease of use. Pop amalgamates the best of PoW and PoS to reward users for providing processing power to the network. It’s designed to be energy-efficient and secure while allowing several miners to actively participate in securing the network, regardless of their computation power. In addition, BTCS deploys an application that will serve as a wallet and a platform empowering users to rent computational power, creating a decentralized marketplace for device resources. Mining is through the CPU or GPU of users’ devices operating virtually, distributing mining rewards fairly and preventing centralization of mining power, as often seen in cryptocurrencies like Bitcoin. BTCS is amidst an exciting ICO, currently in phase four at $2.25 and offering a 10% bonus. As ICO progresses, BTCS has reinforced its commitment to transparency and security through smart contracts audit and KYC certification. What is BNB? Binance Coin (BNB), the native cryptocurrency of the Binance exchange, powers the largest and most popular crypto exchanges worldwide. BNB, initially serving as an Ethereum-based token during Binance’s ICO, later migrated to Binance Chain as a part of its mainnet launch in 2019. BNB is versatile and multi-function, serving various purposes within the Binance ecosystem. Binance users can pay discounted trading fees on the platform as an incentive to use BNB for transactions. BNB has thrived due to its utility within the Binance ecosystem, riding on the exchange’s broad user base and strategic initiatives.  Will Polygon MATIC go to $10? Polygon is a Layer 2 scaling solution for the Ethereum blockchain, designed to enhance its performance by increasing speed and reducing transaction costs. Like other Layer 2 solutions, its success depends on adopting decentralized applications and dApps that utilize Ethereum. The more dApps are built and used, the more transactions Ethereum and Polygon must process. Ideally, Polygon could achieve the $10 price if it achieves regulatory clarity and receives widespread adoption.  However, challenges could hinder Polygon’s growth, including prolonged regulatory uncertainty, competition from other smart contract platforms, and potential rivals in the Layer 2 space. Polygon’s MATIC coin remains uncertain, and its price will depend on market dynamics, regulatory developments, and competition within the blockchain space.

6 months ago
Web3 Insider
Web3 Insider
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BNB is a prominent crypto arena player with a versatile utility token offering users a range of benefits within the Binance ecosystem, including reduced trading fees. BNB has proven itself as more than a mere cryptocurrency and is a key player in the broader blockchain infrastructure. On the other hand, Bitcoin Spark (BTCS) is a new entrant into the cryptocurrency scene, aiming to address some of the established giants’ challenges. Bitcoin Spark (BTCS) With innovative features like Proof-of-Process (PoP) consensus and a focus on computational power, Bitcoin Spark (BTCS) presents an intriguing investment option for investors seeking something beyond traditional cryptocurrencies. It addresses scalability and accessibility issues that blockchain networks like Bitcoin and Ethereum face through a unique consensus mechanism known as Proof-of-Process (PoP). The PoP consensus mechanism combines popular protocols to validate transactions and secure the network. Miners and validators are rewarded for providing processing power to the network, and the rewards are calculated algorithmically, emphasizing both processing power and stake size. Miners and validators play a crucial role in the Bitcoin Spark network as it strives to make cryptocurrency mining more accessible to a broader audience. The Bitcoin Spark application allows users to rent processing power and participate in securing the network, earning rewards in return. BTCS plans to introduce smart contracts, enhancing its functionality and utility within the cryptocurrency ecosystem. Smart contracts will enable decentralized applications (dApps) and generate various use cases, expanding Bitcoin Spark’s applications. The Bitcoin Spark network operates with a four-layered infrastructure featuring Execution, Consensus, Mining, and Rewards layers. These layers ensure network security and efficiency while operating separately within the application. Bitcoin Spark has undergone the first three ICO phases to distribute its tokens to early supporters and investors. Each phase has different token prices (increasing) and bonuses (decreasing), with the current phase at $2.25 per token. Holders will receive a 10% bonus and expect to gain an ROI of 489% after a successful launch. How to buy BNB?  Buying BNB is through various cryptocurrency exchanges. Before you can buy BNB, you need a cryptocurrency wallet to store it securely. BNB is compatible with hardware and software wallets. You need to register an account on Binance or a cryptocurrency exchange that supports BNB. Go to their website, click “Register” and follow the prompts to create an account.  You must verify your identity as the exchange requires by providing a KYC document, then set up a two-factor authentication (2FA) for added security. After creating an account, you need to deposit funds and place an order to buy BNB. Once your order is filled, your BNB will be credited to your account. You may transfer your BNB to your wallet for added security.  Where to buy BNB?  Interested investors can buy BNB can be bought on various cryptocurrency exchanges. Binance, the exchange where BNB originated, is one of the most popular places to purchase BNB, but it’s not the only option. Several exchanges support BNB, including Coinbase, Kraken, Bittrex, Huobi, and KuCoin, among many exchanges. There are various BNB trading pairs and options, but it’s paramount to research according to your preferences regarding the fees, security, user interface, and supported features. 

6 months ago
Web3 Insider
Web3 Insider
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The decentralized technology is quickly gaining traction due to digital networks such as Solana and Dogecoin. The two digital platforms have been vital in attracting venture capital firms and retail investors to invest in the cryptocurrency ecosystem. As a meme coin, Dogecoin made a significant impact, making individuals in social media invest in the distributed ledger community.  Another crypto startup called Bitcoin Spark will cause an improvement in the digital currency industry. The platform’s mechanism processes will induce new ways of mining, allowing equal distribution of rewards, thus promoting decentralization. Will Dogecoin recover?  Dogecoin is a meme currency that sparked the crypto industry in 2021. The meme coin surged, making several crypto entrants earn massive profits. Despite the bear market, the digital network is believed to bounce back with the next imminent bull run. Crypto enthusiasts believe Solana can be a good investment as it is ranked among the top cryptocurrencies.  Bitcoin Spark takes over the digital ecosystem A new project to the decentralized ecosystem is quickly gaining traction by leveraging the distributed ledger to enhance improved scalability, interoperability, transparency, and decentralization. The network utilizes a new consensus mechanism yet to be seen in the blockchain ecosystem, referred to as proof-of-process.  The mechanism blends PoW (proof-of-work) and PoS (proof-of-stake). PoW and PoS are critical processes that help validate new blocks in projects like Ethereum and Bitcoin. Validators and miners who take part in confirming new blocks for the Bitcoin Spark network will be rewarded in the platform’s native token, BTCS. The platform has a maximum supply of 21 million tokens, similar to the supply of its parent network, Bitcoin. This is because the project is a Bitcoin hard fork. The 21 million tokens have been distributed to mining rewards (16.45 million) and launch supplies (4.55 million). The mining process to generate new BTCS tokens will take validators/ miners 120 years to reach the maximum token supply. The launch supply has been distributed to initial coin offerings (4 million BTCS), pre-network liquidity pools and exchanges (500,000 BTCS), and team tokens (50,000 BTCS).  Bitcoin Spark is currently at phase three of its initial coin offering when each BTCS price peg is $2. Participants are being given a 12% bonus for this phase. Furthermore, community members will have a 560% capital gain for their investment in phase 3 during the launch period taking place on 30th November, when the BTCS price will be $10. Bitcoin Spark has followed the regulations required for security and transparency confirmation as major auditing platforms have audited it: Contract Wolf, Vital Block, and Cognitos.  In addition, the platform has a smart contract layer system compatible with two distinct programming styles: both low-level and high-level languages. Unlike Ethereum, which highly depends on Solidity as the main programming language, Bitcoin Spark will enable smart contract deployment of compatible Ethereum virtual machine (EVM) programming languages such as Vyper and Solidity. It can also be done with any other high-level language compatible with the EVM bytecode.   Bottom line Smart contracts are pertinent for developing a blockchain network, especially since we are heading to future-generation digital currency platforms. Bitcoin Spark has a unique mechanism that supports the integration of smart contracting layers. The smart contract layer enables blockchain developers to generate decentralized applications using any programming language. The project’s roadmap is well explained, as a crypto newbie can easily comprehend the different development stages. 

1
6 months ago
Web3 Insider
Web3 Insider
followers

News of the investment giant’s stake in the world of cryptocurrency presents intriguing developments in the crypto arena. As rumors that BlackRock might be holding a substantial Bitcoin wallet worth around $3 billion circulate, another exciting phenomenon takes shape as a new Bitcoin fork emerges. Bitcoin Spark (BTCS) in the ICO stage is poised for a significant surge in value, setting the stage for an eventful period in the cryptocurrency landscape. What is BlackRock? BlackRock is a global investment management company renowned as the largest and most influential asset management firm worldwide. BlackRock manages diverse assets for institutional clients and individual investors. The company offers various investment products and services, including exchange-traded funds (ETFs), mutual funds, alternative investments, and advisory services.  With its headquarters in New York City, BlackRock operates globally, serving clients in various sectors such as pensions, governments, corporations, foundations, and individuals. Often referred to as the company that owns the world, BlackRock is known for its portfolio management, risk management, and investment strategies. As a major player in the financial industry, BlackRock’s actions and investments often significantly impact the markets. Its involvement or interest in cryptocurrency, such as holding a large Bitcoin wallet, can draw considerable attention and speculation from investors and market observers. What is a Bitcoin fork? In the fast-paced world of cryptocurrencies, new technologies often emerge to make blockchains work better. Bitcoin, which started in 2009, is quite old in terms of its rules, but these rules can be updated and improved through forks. The key idea is that each new version that comes from a Bitcoin fork still keeps the main features of the original blockchain, which is the foundation of the Bitcoin network.  A Bitcoin fork is an important change in the original Bitcoin that can greatly impact the cryptocurrency market. A Bitcoin fork modifies how a network works, how people agree on rules, and even which digital money to issue. While these new versions have differences, they often have similarities to the original Bitcoin setup, but with some changes. Bitcoin Spark (BTCS) poses the same tokenomics as BTC, such as a supply cap of 21M tokens, but spread over its mining period. Bitcoin Spark (BTCS): The ultimate Bitcoin Fork BTCS is a decentralized cryptocurrency project striving to revolutionize cryptocurrency mining access and rewards distribution. It aims to achieve its mission through innovative concepts of the Proof-Of-Process (PoP) consensus mechanism and a user-friendly Bitcoin Spark application to engage miners. The PoP mechanism combines the advantages of PoW and PoS to enhance security and scalability while maintaining true decentralization. The project emphasizes decentralization by encouraging more validators to participate and strengthening network security. It offers an application that is available on various platforms, including iOS and Android, allowing miners to contribute their device processing power to the network. Miners will initially solve hash puzzles in a PoW engagement but with a unique non-linear rewards system that promotes fairness. Bitcoin Spark’s vision extends to creating a self-sustainable mining ecosystem, considering both environmental and economic aspects. It plans to provide consistent profitability to miners through a combination of mining rewards, transaction fees, and income from its product offerings. Income streams include CPU rentals and a new advertising concept. The project’s commitment to innovation is highlighted by its application, which provides easy access to the ecosystem and enables mining, validation, rewards, and computational power rental. The BTCS infrastructure has been tested for compliance, stability, security, and transparency through its audits and KYC certifications. BTCS’ ICO is skyrocketing in phase three at $2.00, with a 12 % bonus for holders. BTCS token is set for launch at $10, signifying an ROI of 560% for phase three holders. Imagine an investment when Bitcoin was valued at $1. By combining these elements, Bitcoin Spark aims to create a balanced and profitable environment for miners while contributing to the broader cryptocurrency landscape.

2
6 months ago

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