Like all technology-powered ecosystems, the cryptocurrency market is experiencing remarkable growth and development, causing an influx in investor numbers. Recently, financial institutions like investment fund BlackRock have increasingly expressed their interest in the digital currency market by applying for Bitcoin ETF approval from the US Securities and Exchange Commission (SEC). The applications caused market volatility, fueling Bitcoin’s surge to $30k as investor sentiments turned bullish. The bullish sentiment aligns with the new dawn of the crypto revolution, seeing upcoming crypto platforms like Bitcoin Spark shine brighter than XRP and Ethereum.
What is XRP?
XRP is a digital asset powered by the Ripple network. Ripple Labs created the Ripple network and minted 45 billion XRP tokens, quickly becoming popular among netizens and raising billions of dollars.
However, the project’s growth was greatly inhibited after the SEC filed a class action lawsuit against Ripple Labs for allegedly issuing XRP tokens as unregistered securities. The legal battle between the two entities ended recently after a year, with the court deciding that XRP was not a security when issued to retail investors but acted as one when issued to institutions. XRP’s price surged but has since seen its momentum die out as the entire crypto market heeds into a correction. XRP may be a good investment for long-term holders. However, Bitcoin Spark is for investors looking for more returns in the crypto market.
Bitcoin Spark sets the pace for XRP investors
XRP is among the most traded crypto assets in DeFi. However, Ripple whales are watching Bitcoin Spark, a new crypto platform that showcases immense potential to bring a new beginning to the DeFi ecosystem. The platform’s improved technology ushers in a new consensus mechanism called proof-of-process that any other DeFi project in blockchain history has not witnessed.
The Bitcoin Spark team has developed a new marketing strategy identified as innovative disruption. The marketing strategy aims to build a sustainable community through trust by employing marketing techniques that capture the audience’s attention. Some of the marketing techniques the Bitcoin Spark team plans to effect include strategic positioning of Bitcoin Spark as a leading Bitcoin alternative storytelling technique to connect deeply with the audience alongside the use of technology tools, including data analytics and the ledger ecosystem.
The Bitcoin Spark marketing team also encompasses a powerful linkage of professional marketing experts who have partnered with leading Web3 marketing agencies to spread the word about Bitcoin Spark’s brand.
The Bitcoin Spark network will house special features, including a smart contra layer that rivals Ethereum’s scalability. This layer will allow Bitcoin Spark’s incoming members to grow the platform by deploying decentralized applications.
Smart contracts are vital in making the ecosystem more automated, decentralized, and secure. To deploy smart contract functionalities on the Bitcoin Spark network, one must understand at least one of the languages compatible with the Ethereum Virtual Machine. The layer will be compatible with any programming language that links to the EVM bytecode, either high-level or low-level language.
The network will also allow integration with RPC providers. Each RPC will provide data to the network in two streams, enhancing advanced blockchain interactions. For this reason, existing wallets will not be compatible with this feature, prompting the development of a new wallet that can coexist with data from multiple RPC provider layers.
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Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.