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XRP vs. Bitcoin Spark: Where to Put Your Money in 2023

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Launched in 2012, XRP has become a prominent digital currency in the distributed ledger. Ranked 5th in the crypto market, it entails the influence the virtual currency has on individuals joining blockchain technology. Nevertheless, there lies a new initiative that will completely transform decentralized finance. 

Bitcoin Spark has new strategies to be implemented within its network to improve blockchain technology. The network utilizes a new validation mechanism called proof-of-process that will make both small-scale and large-scale miners/validators receive rewards. Moreover, looking at the platform’s roadmap indicates future development and massive adoption. 

How the XRP Lawsuit Unraveled

Reports suggesting Ripple selling unregistered securities to clients affected the development of XRP. The US Securities and Exchange Commission believed XRP was conducting these transactions, so it wanted the crypto to be suspended. On the other hand, the court had other thoughts; Ripple won the case and was granted permission to operate in the United States. This case made a significant impact, causing XRP’s price to surge.  

Bitcoin Spark will Outshine XRP.

Bitcoin Spark is a new project that will change the blockchain ecosystem with a new wave of approaching digital enthusiasts. The platform has unique methods of generating revenue. Most cryptocurrency initiatives have single methods of generating income. However, Bitcoin Spark currently uses advertisements and provides processing power to individuals and organizations in exchange for BTCS, the platform’s native token.

The team will offer more alternative income-creation methods as the network progresses. Processing power is acquired from mining nodes in the ecosystem. Validators conduct mining and give the CPU/GPU power to the platform. The platform then renders the power to companies able to execute tasks such as video coding. 

Bitcoin Spark’s team takes 3% of the total revenue collected for their maintenance and income; the rest is then allocated to the mining reward pool. 

Advertisement is done to promote brands on the platform. The network will utilize some unused sections of the applications and website to air these adverts to the Bitcoin Spark community. The advertisement will be based on an elastic manner. When the demand is too high, then the price of a single promotion will surge as the time used will decrease. 

This is to maintain a steady flow of income in the ecosystem. The team will take 50% of the revenue generated from this section for their upkeep. The platform will motivate community members as rewards are granted to users who participate in voting for or against advertisement programs. This entails that when an advert is yet to meet the network’s standards, participants can vote for its removal, the team will conduct a review, and it may be flagged out. 

Mining is essential for any upcoming and existing crypto project. Mining provides a system of revenue generation to validators or miners. It also improves security while confirming new blocks. Mining in Bitcoin has been affected by large firms who can afford to pay costly electricity bills and purchase expensive nodes that solve computational problems. 

Bitcoin Spark’s entry has created hopes for regular participants in blockchain technology. They get to partake in developing the project by acquiring processing power. The platform’s proof-of-process gives opportunities for mining and staking activities. A complete algorithm also inhibits mining centralization, enabling both small and large participants to earn rewards. A stunning aspect is that the project is still in phase four of its ICO, where you can purchase BTCS at only $2.25 and get an additional 10%.  

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