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Following the hype has historically led to significant profits in the cryptocurrency market. That said, Bitcoin Spark (BTCS) and Dogecoin(DOGE) have been creating quite a buzz in recent times.
What is Dogecoin?
Dogecoin (DOGE) is a meme-inspired cryptocurrency that was created in December 2013 by software engineers Billy Markus and Jackson Palmer. It features the Shiba Inu dog from the “Doge” internet meme as its logo and mascot. DOGE operates on a blockchain, similar to Bitcoin, enabling secure and transparent transactions.
Will Dogecoin go up?
There are several factors that suggest Dogecoin (DOGE) could experience an upward trajectory. Firstly, it boasts an active community of supporters who have consistently demonstrated their unwavering commitment. This passionate user base has contributed to Dogecoin’s resilience and relevance over time. Secondly, Dogecoin’s low transaction fees and fast transaction processing could drive increased adoption as crypto gains more mainstream adoption. Additionally, continued endorsements from reputable figures could increase Dogecoin’s popularity and, subsequently, its value. Notably, the Dogecoin community has speculated that DOGE could find use in Elon Musk’s X (formerly Twitter), just as it has on some of his companies.
What is Bitcoin Spark?
Bitcoin Spark is a groundbreaking crypto that has been labeled the ‘new Bitcoin’ because it shares the tokenomics of the original cryptocurrency while introducing a range of innovative features designed to bring a new generation of digital transactions.
Bitcoin Spark can process transactions at lightning speeds with minimal fees due to its high individual transaction capacity per block, low block time, and massive number of nodes. The blockchain supports smart contracts and decentralized applications (DApps) through a multi-layered infrastructure that allows for a variety of programming languages, ensuring scalability while promoting diversity.
Organizations and individuals seeking remote computing power will be able to use the Bitcoin Spark network in exchange for BTCS. This is made possible by Bitcoin Spark’s revolutionary consensus mechanism, the Proof-of-Process (PoP), which rewards users for confirming blocks and contributing their processing power to the network. Notably, the PoP will be used with an algorithm that exponentially diminishes rewards per additional processing power to ensure a fairer reward distribution. The nonlinear rewards functionality, coupled with the network’s vast nodes, allows for many validators. Bitcoin Spark’s development team will even provide a user-friendly, secure, and lightweight application that will enable Windows, Linux, Mac OS, iOS, and Android users to participate in network validation.
The validators’ contributed power is what will be channeled to the network’s clients. Therefore, aside from newly minted BTCS and transaction fees, Bitcoin Spark helps its validators bring income from what would have otherwise been idle processing power.
Additionally, the Bitcoin Spark application and blockchain explorer will have unobtrusive spaces for advertising. The platform will employ community-based oversight to maintain the credibility of the platform itself and the advertisements therein. Advertisers will also be required to pay with BTCS, and 50% of the revenue, plus extra incentives for policing the ads, will go to network participants.
The Bitcoin Spark Initial Coin Offering (ICO) phase has received massive investments and endorsements from crypto experts, suggesting belief in its prospects. BTCS is currently priced at $2.75, with investors getting an 8% bonus in Phase 6 of the ICO.
Will Bitcoin Spark go up?
Bitcoin Spark (BTCS) does have the potential to go up. It has a limited supply of 21 million like Bitcoin (BTC), suggesting long-term value appreciation. This, combined with a low market capitalization, allows the BTCS price to surge by unprecedented levels. Additionally, Bitcoin Spark’s innovative technology and real-world applicability are bound to attract more users, with crypto increasingly gaining more adoption. Moreover, Bitcoin Spark’s launch from ICO is close to the start of the next crypto bull run, which has historically led to massive price rallies for low-cap gems.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
