In a significant development in the world of cryptocurrency, Santander has made a strategic move by introducing Ethereum (ETH) trading in Switzerland. Meanwhile, Bitcoin Spark (BTCS) investors are eagerly anticipating a substantial bonus event, adding to the excitement surrounding its launch.
Ethereum price
Despite a recent correction from its peak of around $2,130, Ethereum (ETH) remains on a positive trajectory, having recorded a 24% increase over the last 30 days and an impressive 72% surge in market value over the past year. Bulls have demonstrated resilience, steering Ethereum (ETH) back above the crucial $2,000 mark. Analysts maintain a bullish outlook, citing developments such as Santander offering clients access to Ether, as positive indicators.
Bitcoin Spark with another massive bonus before ICO end?
The Bitcoin Spark Initial coin Offering (ICO), which started with BTCS at $1.50 and investors getting a 20% bonus, is in the final phase, with BTCS at $3.75 and investors getting a 4% bonus. BTCS is set to launch at $10 on November 30th, which denotes an 800% increase for phase 1 investors and a 277% increase for those in the current phase. Notably, Bitcoin Spark has had multiple bonus events in the course of its ICO, enabling its early backers to, for example, get up to 500% additional tokens. As such, anticipation is high among investors, many speculating another massive bonus event before its official market launch.
The Bitcoin Spark launch has gathered attention, with many analysts highlighting the factors that position it for success. First, the crypto’s launch is just before the expected 2024 crypto bull run, which could serve as a significant catalyst for price increase in the short to mid-term. Additionally, there’s a limited supply of 21 million BTCS coins, which, as seen with Bitcoin (BTC), suggests long-term value increase. This is further cemented by Bitcoin Spark having features and technologies bound to attract many users.
The Bitcoin Spark blockchain is designed for speed and cost-efficiency, featuring a low block time, high individual block transaction capabilities, and a massive number of nodes. The blockchain also has a multiple-layered architecture which enhances its scalability. Interestingly, its smart contract layer will have separate execution systems that reach singular finality on the main network, enabling developers to use both high-level and low-level programming languages for application building.
Additionally, Bitcoin Spark uses its own consensus mechanism, the Proof-of-Process (PoP), which will reward participants for validating transactions and contributing their processing power. The PoP will exponentially reduce rewards as more power is contributed, creating a fairer system, which coupled with the extensive network nodes, will allow for unlimited participation. Interestingly, the Bitcoin Spark team will launch the mainnet with a network participation application compatible with Windows, iOS, Linux, macOS, and Android devices. They will also make the network’s repository public so that developers can create their own applications.
The Bitcoin Spark network is also set to be a hub for CPU and GPU renting, where the power contributed by the network participants will be efficiently put to use by individuals and institutions requiring remote computing resources. The network’s clients will be required to transact exclusively in BTCS, and network participants will receive 97% of the generated revenue plus newly minted BTCS and transaction fees from validating transactions.
Moreover, there’ll be small advertisement slots on the Bitcoin Spark app and website, with community policing to maintain decentralization and security. Advertisers will also transact in BTCS, and 50% of the generated revenue plus incentives will go to the network participants.
Bitcoin Spark has undeniably made a splash in the cryptocurrency market, with the five million dollar investment in its ICO serving as a testament to the belief in its potential.
Conclusion
As traditional financial institutions embrace digital assets and innovative projects like Bitcoin Spark (BTCS) redefine the possibilities, investors find themselves at the forefront of a rapidly evolving and promising market.
For more information in Bitcoin Spark:
Website: https://bitcoinspark.org/
