Ethereum

Bitcoin

<p>A promising Bitcoin fork built on Ethereum has earned a niche in the cryptocurrency space. Bitcoin Spark enters the crypto arena with a unique proposition: combining the efficiency of Ethereum’s smart contracts with the foundational principles of Bitcoin’s decentralization.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-bitcoin-spark-btcs-two-worlds-in-one-package-strong"><strong>Bitcoin Spark (BTCS): Two Worlds in One Package?</strong></h2> 
<p><a href="https://www.youtube.com/watch?v=HYTaU3eepW4" rel="noopener noreferrer nofollow">BTCS</a> proposes a Proof-Of-Process (PoP) blockchain technology, a product of PoW and PoS. The genesis of the BTCS idea emanated from the shortcomings of Bitcoin due to lack of scalability, waning decentralization, slow processing speeds, high transaction costs, and the absence of smart contracts. BTCS Spark strives to solve these challenges through its PoP technology, which rolls out an exciting solution starting with the entry through to miners’ reward distribution.</p> 
<p>The BTCS platform will introduce an application that ushers users to its ecosystem, streamlining mining, validation, rewards, and access to future products like the BTCS wallet and <a href="https://www.thecoinrepublic.com/2023/08/08/what-is-upcoming-in-these-top-gaming-dapps-in-august-2023/" target="_blank" rel="noopener noreferrer nofollow">upcoming dApps</a>. This ecosystem places a strong emphasis on security and accessibility for network miners. It achieves this by allowing participants to validate transaction finality through a distinctive non-linear rewards system driven by a sophisticated algorithm. BTCS’s mainnet launch showcases a robust application compatible with various operating systems and compatibility with devices. This application empowers miners to dedicate their device’s processing power to the network. Initially, this involves solving hexadecimal hash puzzles using Proof of Work (PoW), with rewards structured in a non-linear manner to prevent excessive mining power centralization. Miners retain the ability to customize their device resource allocation for mining, promoting adaptability and flexibility. This application operates within a secure virtual environment not linked to the device’s operating system, ensuring miners’ safety while they are compensated for their valuable contributions.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized"> 
  <img decoding="async" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-105-1024x778.png" alt="Bitcoin Spark: Bridging the Gap between Ethereum's Smart Contracts and Bitcoin's Decentralization" class="wp-image-160469" style="width: 100%;height:734px" width="966" height="734" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-105-1024x778.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-105-300x228.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-105-768x583.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-105-1536x1166.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-105-750x570.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-105-1140x866.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-105.png 1600w" sizes="(max-width: 966px) 100vw, 966px"> 
 </figure> 
</div> 
<p>BTCS has fortified its systems and is secure and compliant as per the KYC and smart contracts audit. With this assurance, BTCS runs an ICO currently at phase two at $1.75 and offers a 15% bonus for early adoption. Imagine acquiring Bitcoin when it was at $1. BTCS expects an ROI of 657% on investors’ initial investment.</p> 
<p>Bitcoin Spark integrates smart contracts into its ecosystem, adding a new layer of functionality to its platform. With the incorporation of smart contracts, BTCS aims to expand its use cases and enable more complex and automated transactions on its blockchain. This development brings BTCS closer to the capabilities offered by platforms like <a href="https://www.thecoinrepublic.com/2023/08/18/ethereum-is-a-terrible-model-stated-cardano-founder-c-hoskinson/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>, which are known for their extensive smart contract functionalities. As BTCS continues to evolve, the addition of smart contracts could attract a wider range of developers and users looking to leverage the benefits of programmable blockchain technology.</p> 
<h2 class="wp-block-heading" id="strong-how-much-is-a-bitcoin-worth-strong"><strong>How much is a Bitcoin worth</strong></h2> 
<p>The current Bitcoin price at the time of writing was $29,103.32 with a market cap of $1,135.16 B. It is paramount to note that this figure constantly changes and fluctuates as Bitcoin is actively trading in exchanges. As such, keeping up with Bitcoin news helps get an updated BTC price.</p> 
<h2 class="wp-block-heading" id="strong-will-ethereum-go-up-strong"><strong>Will Ethereum go up</strong></h2> 
<p>Ethereum’s advanced<a href="https://www.thecoinrepublic.com/2023/08/14/solana-and-bitcoin-spark-pioneers-in-advanced-blockchain-technology/" target="_blank" rel="noopener noreferrer nofollow"> blockchain technology</a> is defined by its smart contracts. Currently priced around $1,734, Ethereum ranks as the second-largest cryptocurrency with a market cap of $215 billion. Approximately $200+ billion worth of Ethereum is in circulation, based on around 120 million ETH. Ethereum has been pivotal in shaping the blockchain and cryptocurrency landscape by providing a platform for decentralized app development and technological experimentation. ETH price prediction foresees Ethereum’s price reaching $3,500 by 2025. However, its present value fluctuates between $1,700 and $2,000. While Ethereum holds promise for the future, its short-term performance remains uncertain.</p> 
<h4 class="wp-block-heading"><strong>Wrap Up</strong></h4> 
<p>BTCS’ fusion of PoS and PoW promises to revolutionize digital transactions by offering solutions to some of the challenges Ethereum and Bitcoin face.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Find more on BTCS and ICO here:</strong></h4> 
<p>Website: <a href="https://bitcoinspark.org/" target="_blank" rel="noopener noreferrer nofollow">https://bitcoinspark.org/</a></p> 
<p>Buy BTCS: <a href="https://network.bitcoinspark.org/register" target="_blank" rel="noopener noreferrer nofollow">https://network.bitcoinspark.org/register</a></p> 
<p><strong>Disclaimer</strong>: Any information written in this press release or sponsored post does not constitute investment advice.&nbsp;Thecoinrepublic.com&nbsp;does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post.&nbsp;Thecoinrepublic.com&nbsp;is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.</p>

Bitcoin Spark: Bridging the Gap between Ethereum’s Smart Contracts and Bitcoin’s Decentralization

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 20, 2023

Distribution of deposit-only ATMs for the unbanked by Advanced Project

Sally Ho's Technical Analysis 19th March 2019

Shiba Inu (SHIB) Whales Abandoned Sinking Ship

Checkout.com Ends Partnership with Binance Amidst Compliance Concerns

Unchained CEO, Joe Kelly Predicted Bitcoin Rise after Halving

Litecoin and Dogecoin Buck Trends with Spikes in User Activity

Join our free newsletter for daily crypto updates!