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The blockchain community is heavily influenced by whales for its development since they execute massive transactions.These investors can also lead to price swings in the crypto market.Ethereum whales are entities or individuals who own large amounts of ETH.Recently, Donald Trump is reported to hold Ethereum worth $500k.Another Ethereum whale has deposited $70,000 into Bitcoin Spark’s ecosystem.

This depicts that the project is gaining massive traction in the ledger technology.

What is a Crypto Whale?

Cryptocurrency whales are considered individuals and firms holding significant digital assets in their

crypto wallets.They play a vital role in the movement of Web3 markets since they conduct large transactions.These participants lead to the development of crypto startups.

Ethereum is an example of a crypto project that developed due to whales.

Bitcoin Sparks Attracts Ethereum Whales

Bitcoin Spark is a new project in the cryptocurrency environment and has already amazed several Ethereum whales.The project’s vision is built on transparency, efficiency, and scalability to promote the development of blockchain technology.

The platform also aims at changing how we utilize and perceive the

Web3 community.Investors are assured of security within the ecosystem as team verification KYC and smart contracts have been audited by Vital Block and Cognito audit platforms.Participants can easily navigate the platform since its interphase is user-friendly.

Bitcoin has done a great job in the development of ledger technology.

However, the digital network has some impediments, such as lack of scalability, mining centralization, low transaction speed (7TPS), and high cost of transactions that have limited its adoption.On the other hand, Bitcoin Spark solves these problems by reducing the time utilized in generating a single block, increasing transaction speeds.

An increase in transaction speed will enable users to conduct transactions at a cheap cost.

Moreover, anyone can partake in mining in the ecosystem.This plays a colossal role as it improves security and contributes to

decentralization.

Going forward, Bitcoin Spark has a smart contracting layer that will enable blockchain developers to utilize distinct programming languages, unlike Ethereum, whose devs mostly use Solidity.

Among languages that can be used in Bitcoin Spark’s network are Vyper and Solidity.

The new Bitcoin hard fork utilizes a new, improved, and refined consensus mechanism known as proof-of-process, which integrates the two common consensus mechanisms: proof-of-stake and proof-of-work.This PoP validation mechanism, therefore, enhances security and scalability in the network, allowing validators and miners to generate income in the ecosystem.

The platform also has a complete marketing strategy to take over traditional promotional tactics.This is done through a mechanism known as interruptive disruption.Interruptive disruption facilitates the usage of content marketing, influencer collaboration, and community building.

Bottomline

Bitcoin Spark has already created attraction in the crypto space despite being in phase three of the initial coin offering (ICO).

The project has a new model for marketing to enchant better institutional and individual investors that will deposit huge capital leading to a surge in its market cap.Moreover, the crypto startup has unique features that will make large-scale and retail investors generate revenue in various ways.

More about Bitcoin Spark on:

Website:

https://bitcoinspark.org/

Buy BTCS:

https://network.bitcoinspark.org/register

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