Bitcoin (BTC) and Bitcoin Spark (BTCS) have made waves in recent times, with their prices painting green
On October 2nd, the Bitcoin price surged past the $28,000 mark for the first time since August. This sudden upward movement was largely driven by investor enthusiasm surrounding the approval of Ethereum futures exchange-traded funds . Interestingly, Bitcoin had a bullish outlook from September 29th, ignoring the US Securities and Exchange Commission decision to postpone its verdict on several spot Bitcoin ETFs.
The Bitcoin Spark blockchain boasts fast processing and low fees, stemming from its short block time, high individual block transaction capacity, and extensive nodes. Bitcoin Spark also positions itself as a scalable platform for creating and utilizing diverse smart contracts and decentralized applications .
Additionally, Bitcoin Spark introduces the Proof-of-Process consensus mechanism, which rewards miners for confirming blocks and contributing their processing power. The PoP ensures a fairer distribution of rewards by exponentially reducing rewards per additional power. This, coupled with the vast network nodes, allows for a large number of miners, even those with low-powered devices.
Furthermore, Bitcoin Spark's application and website will have small spaces for advertisements, which will be community-policied to uphold decentralization and ensure security. Advertisers will also pay in BTCS, with the revenue earned being shared between the network's participants and development team.BTCS is currently selling at $3, up from $1.50 in Phase 1 of its Initial Coin Offering .
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