BNB and Bitcoin Spark: How These Cryptocurrencies Could Shape the Market
The virtual blockchain industry is constantly undergoing transformations and upgrades with improved technology. Two projects, BNB and Bitcoin Spark, stand at the pinnacle of this revelation, bringing massive utility to the cryptographic world. The projects are pivotal in promoting decentralization and interoperability for digital economies, blockchain play-to-earn gaming, and decentralized finance (DeFi).
What is BNB?
BNB is a digital asset associated with Binance, the world’s largest centralized exchange, and a blockchain network called BNB Chain. BNB is a utility token that powers the BNB Chain ecosystem, allowing users to trade the asset like any other digital asset, including paying for services and goods and transaction fees on the Binance Smartchain network. While BNB is widely popular, Bitcoin Spark promises better utility and more decentralization.
Bitcoin Spark Spearheads Future Blockchain Development
Emerging DeFi projects intending to solve existing challenges limiting the industry’s growth have become rampant. One such project is Bitcoin Spark, a new player in the crypto ecosystem with massive potential to reward early adopters. The project is currently selling BTCS tokens, the native digital asset and potential gas token of the imminent Bitcoin Spark network through an ongoing Initial Coin Offering (ICO) that is currently in phase 5. During this stage, early adopters can buy BTCS tokens at discounted prices of $2.50. If you missed Bitcoin’s massive opportunity, this is your life-changing chance.
The ICO stage is expected to end on 15th November, after which the Bitcoin Spark dev team will have distributed 4 million tokens as ERC 20 tokens.
These tokens will then be bridged to the Bitcoin Spark network upon mainnet release to mark the dawn of a new beginning in DeFi. After projects launch, asset prices are typically associated with high price movements and increased volatility. However, Bitcoin Spark is putting a measure to stabilize BTCS prices after the launch.
To ensure price stability post-debut, Bitcoin Spark devs have put in place a unique code for ICO wallets that are capitalizing on bridging from Ethereum to the actual Bitcoin Spark network. The team will offer exclusive perks to wallets associated with the ICO, which have received BTCS tokens directly from the issuing address.
These wallet owners will get a two-fold mining rate valid for two years, a move orchestrated to reward the early adopters who believed in the project’s success in its initial development stages. After the two years elapse, the code will nullify the unique feature for ICO wallets, standardizing the mining process for all network participants.
Unlike Bitcoin, BNB and Bitcoin Spark have smart contract layers that allow their underlying networks to be more scalable and adaptable. The Bitcoin Spark network smart contracts will be deployed in Rust through high and low-level EVM bytecode-compatible languages such as Vyper and Solidity. The smart contract will allow community members to create decentralized applications that are essential in the growth of the network and the overall advancement of the entire blockchain-powered ecosystem.
Bitcoin Spark’s potential goes hand in hand with that of Bitcoin. Buying BTCS now is like buying Bitcoin in 2010.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Visit BTCS Presale: https://network.bitcoinspark.org/register
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