Bitcoin Spark Brings Revolutionary “Proof-of-Process” Blockchain To Ethereum Network
–News Direct–
The digital currency realm is ceaselessly evolving, with every innovation altering the landscape. Among the most recent advancements is Bitcoin Spark, a trailblazing blockchain initiative that has ignited conversations about its potential influence on the broader market and established cryptocurrencies like Ethereum.
What is Bitcoin Spark?
Bitcoin Spark (BTCS) is an innovative alternative to Bitcoin, engineered to provide enhanced speed, security, and scalability. Drawing inspiration from Satoshi Nakamoto's original vision, Bitcoin Spark aims to improve upon it, heralding a new age of digital transactions.
BTCS is the native digital asset of the Bitcoin Spark ecosystem and will be utilized for transaction settlement. The Bitcoin Spark coin offering (ICO) begins on August 1st, offering investors an opportunity to acquire BTCS at seed investor rates.
How does Bitcoin Spark Change the Crypto Landscape?
The Bitcoin Spark network boasts a higher number of individual transaction capabilities per block and a reduced time per block, increasing the transaction speed. It also includes a significantly increased number of nodes, lowering initial and operating costs and reducing gas fees.
Mining for All
Bitcoin Spark introduces the concept of mining for all. The network employs a novel consensus mechanism known as Proof-of-Process (PoP), which rewards miners for confirming blocks and renting out the processing power of their devices.
The mining process is conducted through a user-friendly application compatible with various operating systems, including Mac OS, Linux, Windows, iOS, and Android. The application allows users to restrict its resource usage on the device, thereby allowing users only to mine as strongly or consume as much power as they want.
Fair Reward Distribution
Bitcoin Spark uses the Proof-of-Process with a unique algorithm that restricts linear rewards based on stake size or raw processing power. This ensures the rewards are distributed more equitably among network participants.
Revenue Generation Services
Aside from decentralized CPU rental, the Bitcoin Spark network also overlays other revenue generation services. This includes advertising on the website and application, with network participants receiving 50% of the generated revenue.
Smart Contract Layer
Bitcoin Spark includes a smart contract layer that supports various programming languages. This allows for more developers and smart contract styles to be on the Bitcoin Spark network, encouraging innovation and a broader range of technical systems.
Bitcoin Spark is coming
Bitcoin Spark is set to launch, as with other Ethereum or Bitcoin alternatives, as a wrapped token on Ethereum, which will then be bridgeable onto the Bitcoin Spark network. The launch of such an interesting concept will certainly attract attention from other network teams who may be wishing to add use case.
Learn more about Bitcoin Spark here:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Bitcoin Spark is an alternative fork of Bitcoin encoded using the revolutionary Proof-of-Process technology, which allows anyone with a smart device to actively mine and participate in the BTCS network.
This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.
Contact Details
Jacques Delacroix
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/bitcoin-spark-brings-revolutionary-proof-of-process-blockchain-to-ethereum-network-477501150
Bitcoin Spark
COMTEX_438087604/2655/2023-08-09T09:25:23