The ledger technology has been labeled among the top most promising technologies of the decade alongside other emerging innovations such as artificial intelligence.Blockchain technology has evolved to accommodate a self-sustaining digital environment for establishing decentralized projects.The network harbors developing decentralized ecosystems such as Fantom and Bitcoin Spark, which can potentially reward investors in the long run.Although Fantom is more popular than Bitcoin Spark, the latter bears more spotlight.nnWhat is Fantom (FTM)?nnFantom is a decentralized open-source smart contracting platform designed to ‘kill’ Ethereum.Fantom’s native cryptocurrency is FTM which runs on the Fantom network.The Fantom network was designed and developed by the Fantom Foundation.Fantom Foundation has been under the leadership of Michael Kong, the current CEO (Chief Executive Officer) and CIO (Chief Information Officer), since 2016.
The network deploys smart contracts that allow developers to build decentralized applications.nnBitcoin Spark Outshines FantomnnBitcoin Spark is among the top emerging crypto projects in the decentralized ecosphere.The project is a Bitcoin hard fork professionally designed to overcome challenges experienced by Bitcoin network users.While Fantom uses a proof of stake (PoS) consensus model to validate transactions and verify new blocks, Bitcoin Spark is introducing a new validation mechanism called Proof of Process (PoP).nnThe PoP consensus model incorporates proof of work (PoW) and the PoS consensus model.
These models are then reinforced with a special automated algorithm that standardizes rewards for miners and validators in the network.This transaction verification method rewards miners and validators of the network who work around the clock to approve transactions and add new blocks to the existing network.nnUnlike Fantom and Bitcoin, Bitcoin Spark is designed to reward its participants and community members.
The ecosystem has a mode of revenue generation that allows its network participants to earn passive income.The CPU ‘rental’ feature is the primary source of Bitcoin Spark’s revenue.nnBTCS miners will set aside a portion of the processing power that large institutions will pay for (in BTCS) to run complex virtual programs such as video rendering and resource-hungry simulations.From the revenue collected, 3% will be set aside for the team behind the project.The rest of the remaining funds will be distributed to miners.nnDevs at Bitcoin Spark are working on new software updates that miners must install on their electronic devices to start mining BTCS tokens.
These applications will be supported on Mac, Linux, Windows, iOS, and Android.Contrary to Bitcoin mining, BTCS mining will not require sophisticated computers.
These applications will contain advertising slot companies looking to expand their reach to a crypto-savvy audience.The revenue collected from this method will be divided into two.Half of the funds will be assigned to the team, while the remaining 50% will be distributed to the platform’s network participants in a standardized manner.nnBitcoin Spark is a hybrid of Bitcoin and smart contracting platforms like Fantom.
Besides having both validators and miners running the network, developers are incorporating a smart contract layer that will automate recurring execution systems on the network.The smart contract bridge will also allow developers to design and develop decentralized applications using different programming languages.nnBitcoin Spark is about to debut.Its Initial Coin Offering (ICO) begins on the 1st of August, 2023.
During its first ICO phase, investors will collect BTCS tokens at a throwaway price of $1.50, which is 800% of its official launch price of $10.Moreover, users who purchase the tokens at this stage will get a 20% bonus from all orders.nnFor more information:nnntWebsite: https://bitcoinspark.org/ntBuy BTCS: https://network.bitcoinspark.org/registernnnDisclaimer: This is a sponsored article.The views and opinions presented in this article do not necessarily reflect the views of CoinCodex.The content of this article should not be considered as investment advice.Always do your own research before deciding to buy, sell or transfer any crypto assets.n.
