Bitboy Crypto, a digital currency influencer and enthusiast, believes that the cryptocurrency ecosystem is experiencing a meltdown that may cause a surge of imminent blockchain applications to develop. The new digital platform called Bitcoin Spark has created vast traction in the crypto ecosystem.
The decentralized ecosystem is still experiencing other digital currencies emerging in the sphere. However, Bitcoin Spark has already depicted signs of progress. The platform has a distinctive mechanism called proof-of-process that will enhance the development of the digital currency sphere. This article will discuss the development of the decentralized network.
Who Is Bitboy Crypto
Bitboy Crypto is a digital currency enthusiast who became influential in the crypto sphere for promoting altcoins during the market surge. The influencer’s name, Ben Armstrong, became famous after drawing attention in terms of followers on social media pages. For instance, Bitboy Crypto has many attractions on YouTube and Instagram.
Latest Bitboy Crypto News
Digital currency influencer Ben, also dubbed Bitboy, has been arrested live while streaming outside Carlos Diaz, his ex-partner’s home, concerning the Lamborghini dispute. Bitboy stated that Diaz had his car and sought to utilize social media to confront him on a live stream.
Armstrong was later detained following questions of allegedly possessing weapons. The arrest comes after Bitboy was accused of employee harassment and substance abuse. The crypto influencer also got donations from legal battles. ZachXBT, a blockchain investigator, stated that Karma haunted Bitboy.
Bitboy Meltdown Indicates a Surge in BTCS
The digital currency ecosystem has had immense innovation. However, these new projects still need to develop new systems that indicate future development, as Bitcoin Spark does. Bitcoin Spark is the new platform that is stated to transform the digital currency ecosystem.
The new network utilizes the proof-of-process mechanism, enhancing reward distribution to distinct individuals. The new platform also has a roadmap similar to other imminent digital currency networks.
Mining is critical for developing and enhancing security for a decentralized platform. Bitcoin Spark mining depends on a validation mechanism called proof-of-process. PoP amalgamates Ethereum’s proof-of-stake and Bitcoin’s proof-of-work. This combination enables both miners and validators to generate revenue from the platform.
Mining is also conducted using a specialized algorithm that inhibits the linear distribution of rewards. Mining is based on a mechanism that the higher you mine, the more the rewards; however, not in an unbiased manner.
This mechanism prevented centralization in mining that happened in Bitcoin, where firms and individuals could acquire electricity and mining equipment. These parties can decide to rewrite the blockchain’s code, causing security problems.
In addition, Bitcoin Spark has an official application that adopts two main concepts: making proof-of-process more useful and enhancing the full potential of Bitcoin Spark. The application will be utilized as a wallet for the official Bitcoin Spark network alongside other networks such as XRP, Solana, and Ethereum.
The digital network will not be compatible with other EVM wallets like Metamusk. To utilize such a platform, individuals are required to acquire wrapped BTCS from the Ethereum network. The platform is currently on its sixth initial coin offering. Therefore, blockchain participants can purchase the token cheaply at $2.75 to acquire an 8% bonus.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Source: https://www.analyticsinsight.net/bitboy-crypto-meltdown-could-signal-a-market-that-may-boost-bitcoin-spark/