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The meteoric rise of Shiba Inu (SHIB) from its launch price has been nothing short of astonishing. And, according to market observers, Bitcoin Spark (BTCS) could be the next big thing in the crypto space.
For Shiba Inu (SHIB) to reach the $1 mark, it would need a price increase of more than 12,400,000%. And while SHIB rallied by much more than this in its early days, and there are potential catalysts that could trigger a solid bullish run, hitting this ambitious target is virtually impossible because of its now large market capitalization and supply. With around 589 trillion SHIB in circulation, even in a scenario where the coin’s supply was drastically reduced to 100 trillion through burning, SHIB would require a market capitalization surpassing $100 Trillion to reach $1, a figure surpassing the entire crypto market cap by around 100X.
Bitcoin Spark has been referred to as the new Bitcoin. This is because, as a Bitcoin fork, it retains the best attributes of the original cryptocurrency, including its limited supply of 21 million coins. However, the Bitcoin Spark network has notable improvements that enhance efficiency, scalability, and real-world applicability.
Bitcoin Spark will have faster speeds and lower costs than Bitcoin due its increased individual block transaction capacity, reduced time per block, and significantly higher number of nodes. Additionally, the network will include a layered smart contract execution system that allows the development of smart contracts using different programming languages. This approach promotes a broader range of developers and smart contract styles. Thus, Bitcoin Spark is set to have a diverse ecosystem of applications, increasing the utility of BTCS.
Moreover, Bitcoin Spark pioneers the concept of decentralized CPU and GPU rental. The network uses a proprietary consensus mechanism known as Proof-of-Process (PoP), which rewards users for validating blocks and providing the processing power of their devices to the network. The power is then rented out as remote computing power to organizations or individuals undertaking high CPU/GPU load tasks, such as server hosting, 3D modeling and rendering, simulation, and more. Those using the network for remote computing will pay with BTCS, which will be used to reward network validators further.
Notably, the Bitcoin Spark development team has made sure that anyone can participate in network validation through the network’s native application. The Bitcoin Spark application will be compatible with iOS, Android, Windows, Mac OS, and Linux, and will enable users to mine BTCS (validate the network) by permitting access to their device’s processing unit. The application will be lightweight and safe, working in a separate virtual environment that doesn’t interact or interfere with any other part of the device. The ability for unlimited devices to validate and provide processing power to the Bitcoin Spark network has the double benefit of increasing the product potential infinitely while increasing the security of the blockchain.
Bitcoin Spark will leave small slots for community-policied advertisements on its website and application. BTCS will also serve as payment for this service, and the network’s participants will receive 50% of the revenue generated and extra incentives for policing the ads.
Bitcoin Spark is in its Initial Coin Offering (ICO) phases, with BTCS currently priced at $1.75. Investors in the current phase get a 15% bonus and a guarantee of a 657% increase in investment by the end of the ICO.
Bitcoin Spark’s low market cap, limited supply, utility, and innovative technology could see it rise by levels comparable to if not exceeding Shiba Inu’s unexpected rise.
Buy BTCS: https://network.bitcoinspark.org/register
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Analytics Insight® is an influential platform dedicated to insights, trends, and opinion from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.
Disclaimer: Any financial and crypto market information given on Analytics Insight is written for informational purpose only and is not an investment advice. Conduct your own research by contacting financial experts before making any investment decisions, more information here.