The blockchain technology has had sporadic development since the introduction of Bitcoin. Bitcoin was the pioneer of all digital currencies. At first, investors refused to put money into the sphere due to skeptics of a new initiative. However, several investors joined the ecosystem after the massive purchase of the token by the Winklevii twins.
Other virtual currencies have emerged in the decentralized ecosystem, thus increasing adoption and market capitalization. Shiba Inu, developed in August 2020 and named after a Japanese dog breed called Shiba Inu, had immense progress in 2020 and 2021. A new entrant called Bitcoin Spark has been in the talks of crypto social media spaces. The project aims to enable blockchain enthusiasts to have vast methods of generating income.
Is Shiba Inu a good investment?
The question regarding Shiba Inu being a good investment has continuously developed in the blockchain ecosystem. Several enthusiasts have depicted that since the digital currency was innovated, it sparked massive traction in the crypto market. Its price surged in a period of time. Nevertheless, amid the bear market, the token still demonstrates progress.
Bitcoin Spark unleashes potential of cryptocurrencies
Bitcoin Spark is a new inaugurant that leverages blockchain technology to promote efficiency, scalability, and interoperability. Also called a cutting-edge digital currency, the platform has placed new mechanisms that seek to promote the development of distributed ledger technology.
In the current-evolving financial market, entrepreneurs are looking for transparent, sustainable, efficient, secure, and sustainable projects. Therefore, Bitcoin Spark has been audited by compelling and prominent audit organizations called Vital Block and Contract Wolf. Most importantly, new participants in the blockchain ecosystem can navigate through the network as it contains user-friendly interfaces.
When Satoshi created Bitcoin, the goal was to develop an easy and efficient platform that enables traditional finance participants to have a chance to conduct peer-to-peer transactions. Through this method, third parties such as banks were avoided. Bitcoin became an arm for the development of blockchain technology.
The Bitcoin network has also made a vast number of individuals earn income. However, the platform still needs more smart contract scalability due to the low transaction rate and mining juggernauts. Bitcoin Spark has its systems that will solve these problems. First, transaction speed will be increased by reducing the time to confirm a single block.
This will improve scalability, and the transaction cost will be reduced. The network has a smart contract layer that will enable transactions to be conducted automatically. Moreover, the project uses a new validation mechanism called proof-of-process and a unique algorithm that supports the linear distribution of rewards. The proof-of-process validation method inhibits centralization in mining, avoiding the total control of the operations by some large firms or individuals. This would otherwise cause alarms in the security of the ledger technology.
The platform also has remote procedure call nodes that facilitate the communication of decentralized applications (dApps) and different blockchain servers. Therefore, the RPC node provider in the ecosystem can simultaneously provide two data streams. This mechanism requires a unique wallet functionality; hence, the Bitcoin Spark application will be the only wallet during the mainnet release. The project is currently in phase 5 of its presale stage, and each token is available at a discounted rate of $2.50.
Learn more about Bitcoin Spark on:-
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Source: https://www.cryptonewsz.com/shiba-inu-vs-bitcoin-spark-unleash-the-potential-of-cryptos/