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Bitcoin forks have gained traction in the crypto market because they provide users and investors with opportunities to explore different variations of Bitcoin (BTC). Notably, a new Bitcoin fork known as Bitcoin Spark (BTCS) is outperforming Shiba Inu (SHIB) and Dogecoin (DOGE) with its presale gains.
Bitcoin Spark (BTCS)
Bitcoin Spark has caught the attention of investors and analysts because of its potential for growth. As a Bitcoin fork, it retains the favorable attributes of Bitcoin (BTC), such as its decentralization and limited supply. However, the network has upgrades and new features that set it apart from Bitcoin and other cryptocurrencies.
To ensure faster transaction speeds and lower gas fees, the Bitcoin Spark network will have a significantly higher number of nodes in addition to reduced block time and increased individual transaction capabilities per block. The Bitcoin Spark network also solves the PoW (Proof-of-Work) mining problem by introducing a new consensus mechanism known as Proof-of-Process (PoP). This new blockchain technology requires users to stake and provide processing power to the network in order to validate blocks and earn rewards. The PoP is combined with a unique algorithm that enables a fairer distribution of rewards by restricting linear rewards based on raw processing power or stake size. BTCS mining is done by permitting access of Bitcoin Spark’s application to your devices’ processing power. The processing runs in an isolated environment that does not affect or interact with any other part of the device. The application will be compatible with any device and will automatically limit the mining capability of the device, allowing anyone to participate in mining BTCS. And to ensure true decentralization, the network’s repository will be made publically available for developers to create their own mining applications.
The Bitcoin Spark network will also enable the creation and deployment of smart contracts. This is possible through a multi-layer system that all reaches finality on the main network. The Bitcoin Spark smart contract execution system will be compatible with both high-level and low-level languages, encouraging a wider range of developers and applications on the network. This will also greatly boost the utility of BTCS, the network’s native cryptocurrency.
Bitcoin Spark is fostering a new generation of Bitcoin, and its presale gains are a testament to its potential. BTCS is selling at $1.50 in phase 1 of the project’s initial coin offering (ICO), with investors getting a 20% bonus and an 800% increase in investment by launch day.
Will Shiba Inu coin reach $1?
Shiba Inu (SHIB) has experienced an impressive surge since its debut and now ranks among the top 20 cryptocurrencies by market cap. Despite its price being significantly lower than its all-time high (ATH), it is still up more than 14,200,000% from its launched price. However, while there may be potential catalysts for a bullish run in the future, achieving a price of $1 per token for SHIB seems virtually impossible. In order to reach $1, SHIB would need to rally over 12,400,000% from its current value, which is highly unlikely given its relatively large market cap and circulating supply.
Is Dogecoin dead?
Dogecoin (DOGE) is the first-ever meme coin, and while its price is substantially lower than its ATH, it is not yet dead. DOGE ranks among the top 10 cryptocurrencies by market cap and has attained a supportive community that believes in its growth potential. It has even seen some notable endorsements from prominent figures, with recent speculations about its potential role in Twitter’s move to X. However, Dogecoin is still widely regarded as a speculative meme coin and needs significant improvements and upgrades to remain viable in the changing crypto landscape.
Conclusion
Shiba Inu (SHIB) and Dogecoin (DOGE) have had their share of significant price increases. However, Bitcoin Spark (BTCS) has the potential to surge by unprecedented levels considering its lower market cap and innovative features.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
