The New Face of Cryptocurrency Challenging Groestlcoin

The cryptocurrency market has experienced growing interest, a massive adoption rate, and increased investments from retail blockchain enthusiasts, institutional investors, and venture capital firms.

Cryptocurrencies have emerged to create an antithesis of the applied traditional monetary systems, including fractional reserve banking.

Cryptocurrencies are powered by blockchain technology, the epicenter of decentralized finance (DeFi). The increasing demand has prompted the growth of new projects, including Bitcoin Spark and Groestlcoin, which now have a particular pillar for Web3 users. Despite their applications, Bitcoin Spark stands out against Groestlcoin.

What is Groestlcoin?

Groestlcoin is an unpopular altcoin that perpetuates a decentralized network with an in-built peer-to-peer payment protocol that has specifically been designed to challenge Bitcoin’s existence by providing an alternative network.

Groestlcoin was launched in 2014 after its development team made it to the National Institute of Standard Technology hash function final competition earlier in 2014.

The project flopped during the competition, leading to the debut of the Groestl-0 algorithm to provide next-generation security and forking Groestlcoin from Bitcoin.

What is Bitcoin Spark (BTCS)

Bitcoin Spark is the latest and most advanced blockchain-powered invention looking to solve what Bitcoin users find unattractive on the latter network.

The platform is still under curation and development, with an ongoing ICO event that has raised more than $2 million. The developers aim to distribute 4 million BTCS tokens when the ICO ends, estimated to be in mid-November.

Bitcoin Spark has a modern marketing strategy called innovative disruption, carefully designed and developed by marketing experts. The system will entail using an alloy of both traditional and contemporary marketing methodologies to capture the attention of Web3 investors as well as to build trust among crypto enthusiasts. The marketing strategy will entail semi-strategies, such as telling a story about the brand’s mission, vision, and brand values to ensure the audience is deeply captured and captivated.

As a Bitcoin alternative, Bitcoin Spark has 21 million BTCS tokens as the maximum token supply. This means that there can only exist 21 million BTCS tokens or less at a given time, making Bitcoin Spark a deflationary blockchain-powered crypto platform.

Bitcoin Spark has been audited by three leading independent and trusted auditing platforms: Cognitos, Vital Block, and Contract Wolf. The media have scrutinized the project’s whitepaper and smart contract, and the audit reports are available for verification online. There are also helpful links on the whitepaper containing details on the comprehensive audits.

Bitcoin Spark will employ two income-generating streams that will generate enough cash flow to reward miners and network validators actively working to verify transactions and add new blocks. The revenue generation concept is part of a more extensive agenda of Bitcoin Spark developers to turn the network into a gasless network that will not charge users any transaction fees. The network will likely become fee-less one or two years after the official mainnet release.

The first income stream will be lending out processing power yielded by miners during mining. This revenue stream will be the primary revenue generation method for the platform. Companies, organizations, or individuals will pay for the processing power in BTCS tokens.

The second income stream is advertising, which will be done on ad slots created on the Bitcoin Spark website as well as the platform’s other software solutions. These marketing slots will help brands to increase their reach and sell products or services. The ad slots will also be paid in BTCS tokens, and smart computers will algorithmically calculate the amount.

Learn more about Bitcoin Spark on:

Website: https://bitcoinspark.org/

Visit BTCS Presale: https://network.bitcoinspark.org/register

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