In crypto world news, Crypto.com joined the World Economic Forum, and Bitcoin Spark (BTCS) has hinted at a mega bonus during its ICO end. Let’s explore.
Crypto.com, one of the largest crypto exchanges, announced on November 10th that it joined the World Economic Forum (WEF) as a partner. The WEF, renowned for uniting leaders across businesses, governments, civil societies, and academia to shape global agendas, welcomed Crypto.com to contribute its wealth of expertise and insights.
Specifically, Crypto.com will actively participate in the WEF’s Global Future Council on Cryptocurrencies, engaging in a spectrum of initiatives that delve into blockchain, digital assets, and financial inclusion. The collaboration aims to chart a visionary course, envisioning how cryptocurrencies can positively impact the lives of billions while conscientiously addressing the challenges and risks inherent in this rapidly evolving technological landscape.
Bitcoin Spark (BTCS) gearing up for major launch
Bitcoin Spark has emerged as a compelling project, attracting widespread attention from crypto enthusiasts and investors since its Initial Coin Offering (ICO) commenced four months ago. The pioneering initiative seeks to ignite a new era of digital transactions with its cutting-edge technologies. As a Bitcoin-inspired crypto, it also has a capped supply of 21 million BTCS coins, preserving the characteristic that has made BTC so popular.
The Bitcoin Spark blockchain is meticulously designed to facilitate swift and cost-efficient transaction processing with noteworthy features, including a high transaction capacity per block, a low block time, and extensive nodes. The blockchain’s multi-layered architecture is designed for enhanced scalability.
Notably, the layers will include a dedicated smart contract layer that will enable developers to leverage both high and low-level programming languages. This will allow for a more diverse range of developers and smart contract styles on the network, promoting innovation and a wider scope of technical systems.
A standout feature of the Bitcoin Spark network is its Proof-of-Process consensus mechanism, which will incentivize users to validate transactions and contribute processing power. The PoP’s unique algorithm exponentially reduces rewards for additional power contributed. This, combined with the network’s massive nodes, will allow operation even on low-powered devices.
The Bitcoin Spark team, despite making the network’s repository available for developers to create their own applications, will provide the network’s native app, which will also serve as a wallet. The Bitcoin Spark app is said to be safe, easy to use, lightweight, and compatible with a number of popular operating systems, including iOS, Windows, and Android.
The BTCS network seeks to be a hub for remote computing power provision, utilizing the power contributed by network validators/miners. The clients will be required to pay for the service in BTCS, with transactions that will be quick and affordable due to the blockchain’s efficient structure. Network validators will receive 97% of the earned revenue plus minted BTCS and transaction fees from confirming blocks.
Moreover, Bitcoin Spark is set to feature advertising spaces on its application and blockchain explorer. The ads will be community-policied and paid for in BTCS. Network participants will get 50% of the generated revenue in addition to incentives for policing the ads.
The Bitcoin Spark ICO entered its last phase on November 01, 2023, with BTCS selling at $3.75, a significant increase from the phase 1 price of $1.50. The ICO has raised more than $5,000,000 million, with significant purchases from crypto whales. Investors at the current level are receiving a 4% bonus, and the Bitcoin Spark team has hinted at a massive bonus by the ICO end. This aligns with the team’s commitment to rewarding its early backers, as it has done throughout the ICO process.
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