Cryptocurrency trading has emerged as a popular source of income for DeFi enthusiasts. The participants have treated digital assets like other investment vehicles, such as stocks and currencies. They are now making speculative bets on the overall digital assets’ price movements. The process involves making short-term financial decisions to speculate the direction of a digital asset through a contract of difference (CFD) trading account. Although the process can be quite profitable, it is often risky and accompanied by massive financial losses, especially to new traders. The best way to maximize returns in crypto is by speculating on the future of utility projects like Bitcoin Spark that have massive potential to explode.
What is Fantom?
Fantom is a unique decentralized smart contracting platform specializing in proof-of-stake activities for its nodes to reach a consensus about the activities running in the network. The project comprises a directed acyclic graph that permits the tokenization of the digital world on the blockchain network. The direct acyclic graph significantly reduces congestion in the network by allowing different nodes to work parallel and independently to sustain the network’s operations.
This is contrary to what happens in a typical blockchain, where the approval of a single block is directly dependent on a single node. Fantom’s native digital asset is FTM, which performed to investors’ expectations before the 2022 bear market. As the market recovers, FTM is among most investors looking for an edge against inflation. Those looking for massive gains are investing in Bitcoin Spark.
Bitcoin Spark’s future with advanced smart contracts
Smart contracts play a critical role in running Web3 activities. These pieces of technology were first pioneered into the blockchain ecosystem by Ethereum developers before Fantom developers developed their smart contract-enabled platform. However, Bitcoin Spark is lighting the future with its adaptive and highly efficient smart contracts. Bitcoin Spark’s underlying Contract Wolf audited smart contract has four layers that perform independently to achieve different functions. Although these layers work independently, they complement each other by communicating vital information and executing instructions from third-party developers on decentralized applications.
The smart contract layers governing Bitcoin Spark include the mining layer, which facilitates miners’ collection and allocation of processing power. The second layer is the execution layer, which offers a coding platform for developers familiar with EVM-compatible languages like Vyper and Rust. The third layer is the rewards layer, which mainly activates an in-built calculator that tracks the activities of each node operator and determines the actual reward based on the miner’s work to sustain the network. This raw information will then be sent to the execution layer for the allocation process. The execution layer will be directly interlinked with the mining pools to automate the reward distribution process, avoiding human interaction prone to errors, fraud, and bias.
The team is developing a world-class mining application for various operating systems that users will install in their smart electronic devices to gain access to the Bitcoin Spark on-chain ecosystem. The application will directly interact with the Bitcoin Spark blockchain through the network’s smart contract. The application will also provide a unique wallet feature that allows the insemination of two different streams of data simultaneously from a single RPC provider.
BTCS Bonus Event is around the corner
Bitcoin Spark community members are witnessing blockchain history in the making, with the Bitcoin Spark ICO coming to an end soon. Instead of letting phase 10 end like other ICO phases, the developers are bringing a new bonus event that will run for a short duration to give limited participants access to more BTCS tokens at lower prices. To get the full details of the ICO, investors are advised to follow the project’s social media platforms, including Medium and Twitter, where the announcement will first be broadcast/
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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