According to market analysts, the CEX volume is spiking as Bitcoin Spark (BTCS) gears up for a massive bonus event. Let’s delve into this exciting topic.
What is a CEX?
A Centralized Exchange (CEX) refers to a digital asset trading platform where users can buy, and sell various cryptocurrencies. These exchanges operate as intermediaries, facilitating transactions and providing a marketplace for users to engage in cryptocurrency trading. CEX platforms are characterized by their centralized nature, meaning they are managed by a central authority or company. Higher trading volumes suggest heightened market interest and a greater number of participants entering positions, potentially anticipating a positive price movement.
What is a DEX?
A Decentralized Exchange (DEX) represents a type of digital asset trading platform that operates without a central authority or intermediary. In contrast to CEXs, DEX platforms leverage blockchain technology and smart contracts to enable peer-to-peer trading directly between users. This decentralized nature provides users with greater control over their funds and reduces the risk of hacks or manipulations associated with the centralized counterparts. As the crypto space evolves, DEXs have gained popularity for offering a more trustless and decentralized trading experience, appealing to those who value the principles of decentralization in the cryptocurrency ecosystem.
Bitcoin Spark: Massive bonus before massive launch
The Bitcoin Spark project has attained notoriety in the crypto space for its innovative approach to blockchain technology. It blends Bitcoin’s scarcity factor (having a limited supply of 21 million coins) with technologies geared towards introducing a new generation of digital transactions.
To ensure rapid transaction processing at low fees, the Bitcoin Spark blockchain is designed with a high individual block transaction capacity, a low block time, and vast nodes. The blockchain is also designed with multiple layers to bolster its scalability. The layers will include a smart contract layer that will enable developers to build decentralized applications (Dapps) using an array of programming languages, including popular ones like Rust, Vyper, and Solidity.
Moreover, Bitcoin Spark pioneers the Proof-of-Process (PoP) consensus mechanism, technology that will reward participants for contributing their processing power and confirming transactions on the blockchain. Interestingly, the PoP will exponentially reduce the rewards per additional power, a functionality, which, combined with the network’s massive nodes, will allow for a vast number of validators. In fact, the Bitcoin Spark native application will enable seamless participation for users with Windows, iOS, Android, macOS, and Linux devices.
In its future-oriented design, the Bitcoin Spark network will allow institutions and individuals seeking remote computing resources to harness the power contributed by network validators (miners) in exchange for BTCS. The network validators will then receive 97% of the revenue earned in addition to the minted BTCS and transaction fees from validated blocks.
Additionally, the Bitcoin Spark application and website will feature unobtrusive ad slots, which will be managed by the community and paid for in BTCS. 50% of the revenue generated plus extra incentives will be forwarded to the network participants for their role.
The security, transparency, and reliability of Bitcoin Spark are underscored by the successful completion of multiple smart contract and KYC audits.
Bitcoin Spark is currently in the last phase of its Initial Coin Offering (ICO), offering BTCS at $3.75 with an additional 4% bonus. The team has orchestrated significant bonus events throughout the ICO, and confidential insiders suggest that the most considerable event is on the horizon, just before the end-of-November launch, where BTCS is expected to rise to $10. Investors now have the chance to achieve more than the projected 277% profit.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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