Bitcoin Spark (BTCS) has gained appreciable consideration throughout the crypto neighborhood. And in accordance with market observers, this new crypto might outshine Dogecoin (DOGE).
Is Dogecoin dead?
Despite Dogecoin (DOGE) being substantially below its all-time high, it’s not yet dead. The prices of cryptocurrencies have generally dropped since the last crypto bull run in 2021, and DOGE is no different. Nonetheless, Dogecoin still remains among the top 10 cryptos by market cap and retains its strong and supportive community. Additionally, the DOGE price, despite significant volatility, has been on an overall increase for the past 90 days.
Will Dogecoin go up?
There are a few factors that suggest Dogecoin (DOGE) could go up. The crypto market is slowly rebounding, and with another bull run expected soon, Dogecoin could see increased adoption. However, with the emergence of innovative projects like Bitcoin Spark, Dogecoin’s potential for an upward trend is contingent on substantial improvements to ensure its long-term viability. While the coin’s lighthearted origin and strong online community have contributed to and maintained its popularity, Dogecoin needs to enhance its technological infrastructure and establish a clear and comprehensive use case beyond P2P transactions.
Bitcoin Spark: Advancing cryptocurrency
Bitcoin Spark seeks to improve Bitcoin’s technology by introducing various enhancements aimed at bringing new use cases while upholding speed, security, and scalability. The Bitcoin Spark network can handle many transactions quickly and cheaply, making it suitable for day-to-day crypto transactions.
The Bitcoin Spark network will also support smart contracts and decentralized applications (dApps). This will be possible through a multi-layered design constituting separate contract execution systems with singular network finality. The layered architecture will allow developers to use high- and low-level programming languages for smart contract and dApp development. Notably, Bitcoin Spark has conducted smart contract audits, which it has passed, indicating the security and sustainability of its network.
Bitcoin Spark also introduces an easier and more energy-efficient mining process compared to Dogecoin. The network uses a novel consensus mechanism known as Proof-of-Process (PoP), which rewards miners for confirming blocks and renting out their processing power. Bitcoin Spark’s development team will offer an easy-to-use mining application that can be installed on any device and allows users to mine by permitting secure and isolated access to the device’s processing unit. Bitcoin Spark uses an algorithm that inhibits linear rewards based on raw processing power to ensure a more equitable distribution.
The rented processing power will be paid for using BTCS, generating revenue that supplements the minting rewards and extends the minting endpoint. Bitcoin Spark will also leave small spaces for advertising on its website and application to increase revenue. The advertising will be community-policied, with BTCS holders capable of voting out any unfit ads.
Bitcoin Spark offers investors a chance to get a 657% profit through Phase 2 of its Initial Coin Offering (ICO). BTCS is selling at $1.75 and includes a 15% on top.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
