Since 2019, Wyoming, the Cowboy state, has passed more than two dozen laws regarding digital assets such as cryptocurrencies. The regulations have been passed more than any other state in the United States of America, making Wyoming a potential American crypto hub. Wyoming’s path to becoming a crypto hub dates back to 2017 when a former managing director at Morgan Stanley named Caitlin Long wanted to donate to the University of Wyoming in Bitcoin, the prominent crypto asset by market capitalization. However, the university could not accommodate crypto donations due to Wyoming’s strict monetary transmitter regulations.
What are Bitcoin hard forks?
Bitcoin hard forks are protocol changes that implement new governing rules for the existing Bitcoin blockchain network to improve the existing blockchain or create an alternative network with enhanced features. Hard forks represent radical changes that require users to upgrade from an existing blockchain to a new network. For the longest time, many developers have tried to hard fork the Bitcoin network by providing alternative networks. However, this new Bitcoin hard fork stands out among the rest.
What is Bitcoin Spark?
Bitcoin Spark is an improved Bitcoin alternative network that seeks to solve mysteries experienced by Bitcoin network users. The platform is the only Bitcoin hard fork network with revenue generation streams that form part of the network’s long-term trajectory towards developing a gasless network where users can transact free of charge. The platform has scheduled the administration of two income-generating streams.
The first income stream will involve lending out processing power to companies and individuals. These external entities will pay for the platform’s processing power in the network’s native crypto asset, BTCS. BTCS is currently an ERC-20 token found on the Ethereum mainnet to support the ongoing ICO event. However, the tokens will be bridged to the Bitcoin Spark network after the mainnet release, which will occur soon after the token ICO ends.
The second income stream will involve advertisement for third parties. The Bitcoin Spark team will monetize the community by incorporating an advertisement campaign to boost reach for Web3 companies. The platform’s website will be re-established to create ad slots in unobstructed spaces. Additionally, the mining platforms on Mac OS, iOS, Windows, and Android devices will also be designed to generate ad slots for advertisement. The ad slots will be available for leasing, and users must pay in BTCS tokens.
The Bitcoin Spark community members will manage these advertisements according to predetermined Bitcoin Spark advertisement rules and regulations. When an ad goes against the terms of service, the community will vote against the promotion. Anyone who holds BTCS tokens will have the right to vote. When an advertisement is flagged as inappropriate, the team members reimburse 85% to the paying advertisers. The remaining 15% will be sent to the Bitcoin Spark community members who voted against the advertisement.
BTCS tokens are available for purchase at a discounted rate of $2.50 in the ongoing ICO phase 5. The ICO event has already raised $1.4 million in just a few weeks. Purchasing BTCS tokens will unlock exclusive perks for early investors.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Source: https://www.analyticsinsight.net/wyoming-plans-to-become-the-crypto-hub-of-the-u-s-learn-why-this-bitcoin-fork-is-primed-for-100x/