With the crypto market steadily recovering, analysts suggest you can elevate your portfolio by holding these three Bitcoin forks: Bitcoin Spark (BTCS), Bitcoin Cash (BCH), and Bitcoin SV (BSV).What is a Bitcoin fork? A Bitcoin fork is a divergence or split in the Bitcoin blockchain, resulting in the creation of two separate and distinct cryptocurrencies.The fork can be either hard or soft, depending on the extent of the changes made.In a hard fork, the blockchain splits into two separate chains, each with its own set of rules and protocol, while in a soft fork, the network remains compatible with the previous rules but enforces new rules as well.What is Bitcoin Cash? Bitcoin Cash (BCH) is a Bitcoin hard fork launched in August 2017.The primary motivation behind this split was to address the scalability issues of Bitcoin.This was achieved by primarily increasing the block size limit.This adjustment allowed Bitcoin Cash to process a larger number of transactions at lower fees when compared to Bitcoin.
Bitcoin Cash’s blockchain, nonetheless, is similar to Bitcoin, using the Proof-of-Work (PoW) system, but its proponents argue that its larger block size enhances its utility, positioning it as a more efficient digital currency for daily use.What is Bitcoin SV? Bitcoin Satoshi Vision (BSV) resulted from a hard fork of the Bitcoin Cash (BCH) blockchain in November 2018, as its proponents shunned the structural changes that Bitcoin Cash developers continued to implement.Bitcoin SV is designed to adhere closely to the vision outlined in the Bitcoin whitepaper authored by Satoshi Nakamoto, its pseudonymous creator.The blockchain does, however, have massive block sizes, enabling it to handle a high volume of transactions while keeping fees low.What is Bitcoin Spark? Bitcoin Spark is a new Bitcoin hard fork seeking to revolutionize digital transactions.While it maintains Bitcoin’s tokenomics by having a limited supply of 21 million BTCS coins, Bitcoin Spark has made many notable changes that set it apart and position it for success.The Bitcoin Spark blockchain has a shorter block time, higher transaction capacity per block, and a significantly expanded network of nodes, resulting in faster transaction processing and lower fees.Moreover, Bitcoin Spark is structured with multiple layers, including a smart contract layer with separate execution systems, ensuring scalability and facilitating the development and utilization of diverse smart contracts and decentralized applications (DApps).
Bitcoin Spark uses its proprietary consensus mechanism, the Proof-of-Process (PoP), which non-linearly rewards miners for confirming blocks and contributing the processing power of their mining devices.This mechanism, coupled with a large number of network nodes, paves the way for broader participation, allowing for low-powered devices.
To further enhance accessibility, the Bitcoin Spark team will release a native mining application compatible with various operating systems, including iOS, Android, and Windows.Interestingly, miners will have the opportunity to safely and efficiently rent their computing power to individuals and institutions seeking remote computing resources through Bitcoin Spark.The clients will pay in BTCS, and 97% of the revenue will be distributed to miners alongside newly minted BTCS coins and transaction fees.
Additionally, the Bitcoin Spark application and website will offer ad spaces, which will be paid for in BTCS and community-policed to ensure security.Network participants will receive 50% of the generated income in addition to incentives for their role in ad policing.BTCS price prediction BTCS is selling at $3.00, accompanied by benefits like 7% in Phase 7 of its Initial Coin Offering ( [ICO](https://www.youtube.com/watch?v=8jM9lgaaipM)).
The crypto will launch at $10 on November 30th, indicating a 357% increase for investors.Several analyses point to significant surges for BTCS after launch.Its low market capitalization and launch being close to a crypto bull has historically led to massive price surges.Additionally, Bitcoin Spark’s innovative and inclusive technology and real-world applications, coupled with its limited supply, suggest sustainable long-term value appreciation.The bottom line While investing in these three Bitcoin forks does have the potential to elevate your portfolio, it’s crucial to do your own research before making any commitments.For more information on Bitcoin Spark and its ICO: Website: [https://bitcoinspark.org/](https://bitcoinspark.org/) Buy BTCS: [https://network.bitcoinspark.org/register](https://network.bitcoinspark.org/register).
