Bitcoin ETF Delays Cause Depressed Trading Volume, Bitcoin Spark Positioned to Go Against the Grain

The US financial watchdog has announced delays in approving six new Bitcoin ETF applications until October. The firms whose applications were delayed include BlackRock, VanEck, WisdomTree, Wise Origin, Invesco Galaxy, Valkyrie Digital Assets, and Bitwise. The news sent sporadic bears to react, causing the Bitcoin price to fall more than 4% in less than 24 hours. While the current market sentiment remains bearish, investors are looking into a new Bitcoin alternative called Bitcoin Spark.

What is a Bitcoin ETF?

A Bitcoin ETF is an asset that is directly linked to Bitcoin’s price, which is publicly traded like a stock. However, the ETF tracks the underlying price of Bitcoin. It means investors can speculate against Bitcoin’s price for long and short durations without directly purchasing and owning the asset. Although the market has tanked in response to the breaking news by the SEC, a new revolutionary asset called BTCS is giving investors massive gains.

Bitcoin Spark Outperforms the Market

Bitcoin Spark is a revolutionary digital platform that is bringing change to the entire DeFi ecosphere. The project is currently on presale, allowing investors to gain massive returns on their invested capital.

The project’s native crypto asset, BTCS, is selling for a massively discounted price of $2.25. It is giving investors who missed out on Bitcoin a chance to redeem themselves in the platform’s ongoing ICO event. When the ICO ends, everyone who bought BTCS tokens in the current fourth ICO phase will generate 489% in November.

What makes Bitcoin Spark unique is its brand-new advanced consensus mechanism. The network uses both proof-of-work and proof-of-stake consensus mechanisms. A powerful algorithm manages them to standardize validator rewards for miners and staking validators. The entire validation method is called proof-of-process.

Bitcoin Spark is the only Bitcoin hard fork with external income sources. During mining, miners will provide the network with processing power as they approve new blocks and verify transactions. The processing power will be lent out to external organizations, referred to as ‘Bitcoin Spark clients. Those clients will compensate the network with BTCS tokens. The platform will distribute those tokens to miners and the network’s founding members. The founders will receive 3%, while the remaining 97% will be handed out to miners as validator rewards.

Moreover, Bitcoin Spark will introduce an advertisement feature that will allow other brands to promote their Web3 products and services. The developers will create ad slots on the Bitcoin Spark applications and the platform’s website. Advertisers and brand ambassadors will pay in BTCS tokens to use those slots.

The ads will be controlled in a decentralized manner where BTCS holders will have a chance to vote for or against an ad. If the ad is flagged as non-conforming to the platform’s terms of service, it will be evaluated by a Bitcoin Spark associate, who will then make the final decision. If the ad is removed, the advertiser will be reimbursed 85% of the amount paid, and 15% will be allocated to the wallets that voted against the ad.

Bitcoin Spark is on the road to becoming the best Bitcoin alternative. With improved features and gas-lighting speed, the network provides a suitable platform for miners, validators, staking participants, and crypto enthusiasts to co-exist in one network.

Learn more about Bitcoin Spark on:

Website: https://bitcoinspark.org/

Buy BTCS: https://network.bitcoinspark.org/register

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