The crypto market is slowly recovering and could be heading for another bull run. Having said that, analysts suggest expanding your investments with Bitcoin Spark (BTCS) and BNB.
What is BNB?
Binance Coin (BNB) is a cryptocurrency that was created by Binance, the largest cryptocurrency exchange in the world. It powers the BNB Chain ecosystem and is the native coin of the BNB Beacon Chain and BNB Smart Chain. BNB can also be used to pay reduced trading fees on the Binance exchange. Furthermore, BNB has an Auto-Burn system that periodically reduces its total supply, making it a deflationary asset with a limited supply of 200 million.
How to stake BNB?
Staking BNB involves locking up a certain amount of BNB tokens in a cryptocurrency wallet or on a staking platform to support the network’s operations. In return, stakers earn rewards in the form of additional BNB tokens. The process usually involves creating a crypto wallet, choosing a staking platform, transferring your BNB tokens, and validating the blocks to receive rewards. It’s important to research staking options carefully, as different platforms offer various rewards and lock-up periods, impacting the potential return on your staked BNB.
What is Bitcoin Spark?
Bitcoin Spark is a new Bitcoin fork on a mission to revolutionize the crypto landscape by solving its predecessor’s limitations and introducing new concepts. It, however, maintains a fixed supply of 21 million.
The Bitcoin Spark network assures faster and more cost-efficient transactions because of its reduced time per block, enhanced individual block transaction capabilities, and significantly higher number of nodes. The network also goes beyond simple Peer-to-Peer transactions by seamlessly integrating a smart contract layer. This multi-layer system will allow smart contract development in both high-level and low-level programming languages, creating a more inclusive platform for developers. Bitcoin Spark is thus primed to have a wide range of smart contracts and decentralized applications (dApps), greatly enhancing the utility of its native token, BTCS.
How To Mine BTCS?
The Bitcoin Spark development team has made BTCS mining simple, energy-efficient, and open to anyone. Bitcoin Spark uses a novel consensus mechanism known as the Proof-of-Process (PoP), which rewards miners for confirming blocks and contributing the processing power of their mining devices to the network.
To mine BTCS, you will need to install the Bitcoin Spark application and permit access to your device’s processing unit. The app will be compatible with Windows, Linux, Mac OS, iOS, and Android. It will work in a separate virtual environment, adjusting the resources used to account for overheating, battery, and simultaneous usage requirements. You will also be able to manually select the device resources used for mining to cater to your needs. For example, setting a 40% rate during the day when you’re using your smartphone and setting a 95% rate at night.
The processing power contributed is safely “rented out” as remote computing power through Bitcoin Spark. Those using the network for this service will be required to pay with BTCS, which will be transferred to the mining pool. Thus, with newly minted BTCS, Trans fees, and income from providing processing power, you should be able to turn a profit consistently.
The Bitcoin Spark Initial Coin Offering (ICO) has been recommended for those who imagine what it would be like buying Bitcoin (BTC) at $1. The ICO is in Phase 3, selling BTCS at $2.00 and offering a 12% bonus. Investors who get in at this phase are guaranteed a 560% profit by launch day. However, the ICO is starting its fourth phase on September 1st, which will result in an increase in the BTCS price and a reduction in the bonus.
The bottom line
While Bitcoin Spark (BTCS) and BNB do have the potential to provide significant returns, it’s essential to do your own research before investing.
To get more on Bitcoin Spark:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Source: https://www.analyticsinsight.net/expand-your-investments-with-bitcoin-spark-and-bnb/