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Ethereum, once hailed as the king of blockchain platforms, faces fierce competition challenging to dethrone it. Bitcoin Spark, a rising cryptocurrency star, is poised to challenge Ethereum’s supremacy. With robust capabilities, features, and unique qualities, Bitcoin Spark is on a trajectory to outshine Ethereum in the evolving blockchain technology arena.
Bitcoin Spark (BTCS): Dethroning ETH?
The rise of Bitcoin alternatives has changed the world of digital money, giving investors more choices and bringing new features to cryptocurrencies. Competition between different digital currencies creates new ideas and better features and technology for digital money. Bitcoin Spark is one such alternative that’s faster and cheaper to use than regular Bitcoin, making digital money easier for everyday things. This makes more people want to use digital money.
As technology improves and more people embrace digital money, a future where cryptocurrencies, like Bitcoin Spark, becomes a normal way to pay or save unfolds. In the same spirit, Bitcoin Spark (BTCS) storms the ETH-dominant arena with new blockchain technology, Proof-of-Process (PoP), seeking to address scalability, speed, high gas fees, and decentralization challenges.
An essential aspect missing from Ethereum and Bitcoin is more ways for people to earn rewards in the network. BTCS changes this by adding new services to help investors earn rewards and get more involved in the network through its Bitcoin Spark application.
Miners can offer some of their computer processing power to the network for use by companies or individuals to execute video editing or run complex calculations. They will pay with BTCS, which boosts mining rewards and extends BTCS rewards over time. The team gets 3% of this revenue for upkeep, while the rest goes to miners.
BTCS will roll out unobtrusive ads in the Bitcoin Spark app and website. Half of the ad revenue supports the team, and the rest goes to miners and network participants. The cost of advertising depends on demand, and its calculation is automatic. Users holding BTCS can vote to remove ads that break the rules. Consequently, the ad is removed, and most of the fee is returned to the advertiser. The 15% is shared among those who voted to remove the ad. This way, the community helps keep ads in check.
Bitcoin Spark is breaking records with its fast-rising ICO, attracting investors across chains, including reported influential crypto whales. Its affordable entry point reflects BTC’s early days when it was going at $1. BTCS ICO is in phase four, with one token selling at $2.25 and a 10 % early bonus. Holders at phase four will realize an ROI of 489% upon launch in November.
How to stake Ethereum
Staking Ethereum involves participating in the Ethereum 2.0 network as a validator or by delegating your Ethereum (ETH) to an existing validator. Staking helps secure the network, and validators are rewarded for their efforts. Staking Ethereum involves locking up your ETH for an extended period. You will need a minimum amount of 32 ETH to become a validator. However, if you don’t have this amount, you can still participate by delegating your ETH to an existing validator. You can either run your validator node (requires technical expertise) or use a staking service or exchange that supports Ethereum staking. If you choose a staking service, you’ll likely need to complete Know Your Customer (KYC) verification. Send your ETH to the chosen staking service or set up your validator node if running one. If you’re using a staking service, you may need to follow their specific instructions for depositing ETH into their staking pool. Once your ETH is in the staking pool or your validator node is set up, you can start staking. Validators propose and attest to blocks and are rewarded for their efforts with ETH.
It is paramount to note the constantly evolving Ethereum network and the specific steps and requirements for staking may change over time. Always refer to the latest information from the Ethereum Foundation or the staking service you choose for the most up-to-date instructions.
Find out more here:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
