Financial technology has always been a hot topic in modern society. Most people think of Blockchain technology when describing fintech. Blockchain has worked hand in hand with several fields, such as education, sports and healthcare. Bitcoin is one of the digital assets that has finally gained momentum in the decentralized ecosystem.
The niche has taken over traditional monetary systems, such as gold. Digital currency experts are awaiting the rise of the blockchain platform, which could come in 2024. The signs of the bull run point to a rise in the potential newest cryptocurrency, Bitcoin Spark. Bitcoin Spark has defined its ways to improve the distributed ledger.
Bitcoin Price Prediction
Satoshi Nakamoto pioneered Bitcoin to provide a peer-to-peer transaction system. The digital currency attracted many investors after the Winklevi twins invested money. BTC should be sure of this during the next bull run which could take place during the first quarter of 2024. Bitcoin will be halved during the same period.
The next halving will take place in April 2024. The native currency of the platform is BTC. BTC is used as a governance token for the ecosystem. Miners who participate in confirming new blocks on the platform receive newly created BTC.
How to mine Bitcoin?
Bitcoin mining requires an individual to acquire mining equipment, such as nodes that will solve complex computer puzzles. Additionally, a large amount of electricity is required to power these nodes. Bitcoin mining is centralized since large farms such as Antpool occupy 50% of the slot. This poses a huge risk because they can rewrite the code in the blockchain.
Bitcoin Spark will discover Bullrun
In the midst of the crypto winter, the new digital asset project, Bitcoin Spark, has managed to take over the blockchain industry. The project uses ledger technology to carry out transactions. Additionally, Bitcoin Spark has been audited by Cognitos and Wolf Contract, among the compelling digital audit platforms in the cryptosphere. The organizations audited Know Your Customer and the operation of Botcoin Spark smart contracts.
When developing cryptocurrency projects, generating revenue is essential because it allows the new platform to be self-sustaining. Bitcoin Spark has a next-generation mechanism that has not yet been inaugurated in other cryptocurrency projects. Revenue generation involves advertisements and providing processing power to participants.
When it comes to advertising, the project will reserve a small unused part of its website and application to carry out advertising promotion. The advertising section will run elastically. This implies that when demand increases, the price also increases, while the time spent on advertising the project decreases.
However, this will change when the demand for advertising decreases. This mechanism allows other platforms to gain maximum reach among traditional and blockchain participants. Most importantly, the project has a voting system that gives power to community members to vote against a project that does not meet the platform’s standards. The team will secure 50% of the revenue generated in this form for maintenance and revenue.
Another method of generating revenue is by providing GPU/CPU power to community members and external organizations. Processing power is acquired from validating nodes that solve puzzles. The team will take 3% of the revenue generated from this process for maintenance. The project is currently in the sixth phase of its pre-sale.
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