New technological fields tend to grow faster, and this is what the world is witnessing with DeFi.The growth has been closely associated with increased innovation and real-time applications, leading to increased crypto-powered projects.Among them is a new project that stands out among the rest with the provision of massive utility.While platforms such as Polygon continue to suffer from the prevailing bearish market conditions, investors are turning their eyes to [Bitcoin Spark](https://www.youtube.com/watch?v=78gBx1P3exM).This crypto start-up shows the potential to reward early investors significantly with capital gains.What is Polygon? Polygon is a layer-two scaling solution found on the Ethereum mainnet.The network was launched in 2017 by Sandeep Nailwal.The network, upon launch, initiated a frenzy due to its utility of making Ethereum a faster and more scalable option for deploying decentralized applications.
The network allows Ethereum developers and users to build decentralized applications without going through third parties.To achieve this, the platform’s developers created the Polygon Matic, which facilitates the creation of an abstraction layer that mediates between Ethereum and the dApp being developed.Polygon’s native digital asset is called MATIC.The Future of Bitcoin Spark Like Polygon, Bitcoin Spark holds the future of DeFi by providing a wide range of utilities, functionalities, and applications.The network is yet to launch soon after the platform terminates the ongoing ICO event currently in phase 6.BTCS tokens are available for purchase at $2.75, giving investors a similar chance of buying Bitcoin when it was under $3.
Through the integration of advanced technological applications, the network plans to take over DeFi as the leading Bitcoin alternative platform.[Follow CryptoMode on](https://cryptomode.substack.com/) [Youtube](https://www.youtube.com/@cryptomodedotcom)and [TikTok](https://www.tiktok.com/@cryptomodedotcom)for news updates! Bitcoin Spark is your go-to network if you have encountered challenges using the Bitcoin network, such as low transaction speeds and high transaction costs.
The platform is a Bitcoin hard fork with an improved consensus mechanism called proof-of-process, the first consensus mechanism of its kind.The PoP consensus connects proof-of-work and proof-of-stake consensus mechanisms, bringing miners and stakers together in one ecosystem.PoP links these two network validation processes with advanced algorithms that promote the fair distribution of network validation rewards.Despite accommodating mining and staking activities, the network is more inclined towards miners who will be rewarded based on the amount of “work” done on the network.
The “work” involves mining BTCS tokens by solving simple mathematical equations.Unlike mining on the Bitcoin network, Bitcoin Spark mining activities promote decentralization during network validation.When the computational power of a mining device increases, rewards will grow in a non-linear way that appears divergent and incurved on a chart with mining rewards against processing power.The mining process will also significantly affect the ecosystem’s growth.The smart contract layer of Bitcoin Spark has a mining layer that yields processing power for the network, which is then lent out to Bitcoin Spark clients at a fee paid in BTCS.
The processing power is crucial in executing complex virtual activities such as complex equations and the operation of resource-hungry simulations.97% of the income generated from lending out processing power will be allocated to the mining pools.The remaining 3% will be assigned to the team developing Bitcoin Spark for their maintenance, upkeep, and gratitude for coming up with the ecosystem.Bitcoin Spark is a true definition of a revolutionary decentralized ecosystem that Polygon investors cannot resist.Learn more about Bitcoin Spark on: Website: [https://bitcoinspark.org/](https://bitcoinspark.org/) Buy BTCS: [https://network.bitcoinspark.org/register](https://network.bitcoinspark.org/register) None of the information on this website is investment or financial advice.CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website..
