Recently, the crypto mining industry has been under intense scrutiny. However, the latest market trend is Bitcoin Spark, a blockchain that is superior to other blockchains including Cardano.
What is Cardano?
Cardano (ADA) was designed as a third-generation blockchain platform with a focus on scientific and academic principles. It utilizes a Proof-of-Stake (PoS) system, which requires validators to hold a certain amount of cryptocurrency as collateral. This helps improve scalability and reduce its environmental impact. However, some have raised concerns about centralization, since those with large amounts of ADA can exert a significant influence over the entire network.
What is Crypto-Mining?
Crypto-mining is the process of creating new digital currencies and verifying transactions in a blockchain network. It is commonly associated with the Proof-of-Work system, where the first miner to solve a cryptographic problem is rewarded with the right to create a new block on the blockchain. However, the technology behind PoW has led to the use of powerful computers and an excessive amount of energy, raising concerns about centralization and environmental degradation.
What is Bitcoin Spark?
Bitcoin Spark is a brand-new blockchain that strives to promote the next generation of cryptocurrency. It is characterized by a short blocktime, high transaction capacity per block, and a large number of nodes. In addition, it also provides a platform for decentralized applications and smart contracts (Dapps) through its multi-layered system, which encourages diversity by allowing the use of different low-level and high-level programming languages. Currently, Bitcoin Spark is in the midst of its Initial Coin Offering (ICO), selling BTCS $2.25 with a 10% bonus.
Bitcoin Spark Application of Mining
Bitcoin Spark utilizes a novel consensus method known as Proof-of-Process (PoP), which rewards miners for validating blocks and contributing their processing power to the network. Additionally, a special algorithm is used to reduce the rewards for each additional power exponentially to ensure fairer distribution of rewards. This, together with the network’s vast number of nodes, allows even those with low-powered devices to mine BTCS. The Bitcoin Spark Application is a lightweight app that is compatible with Windows, Mac OS, Linux, iOS and Android devices.
For more information about Bitcoin Spark:
Buy BTCS: https://network.bitcoinspark.org/register