Blockchain technology is a revolutionary innovation and advancement slowly shaping the world. However, blockchain networks have long battled slow transactions and inefficiencies due to the high computational requirements needed to approve transactions and validate adding new blocks. Litecoin and Bitcoin Spark are the go-to blockchain networks for transaction speeds.
What is the best way to mine LTC?
Litecoin mining resembles Bitcoin mining. Like Bitcoin, Litecoin uses the proof of work consensus model. However, Litecoin mining heavily depends on large memory. The network uses scripts for hashing functions. The best and only method of mining Litecoin’s LTC tokens is using ASIC mining equipment or joining a mining pool. Without an established pool or an ASIC miner generating sufficient hashing power to mine, LTC would be impossible. However, mining BTCS is simpler and more profitable than mining LTC.
How to mine BTCS tokens?
Bitcoin Spark is a new project established as a Bitcoin fork to provide an upgraded ecosystem to Bitcoin. The network is still under development, with the launch scheduled for November 30th. The project has a promising roadmap that could make BTCS tokens the hottest project in 2023. Bitcoin Spark is the most recent technology in the entire crypto-sphere. The project uses a unique consensus method called proof-of-process to validate transactions and approve new blocks on its network.
This consensus model capitalizes on the two most beneficial consensus mechanisms: Proof-of-Work and Proof-of-Stake. PoW is an outdated validation method deemed slow and energy-consuming. However, Bitcoin Spark’s advanced technology simplifies the process. Unlike Litecoin and Bitcoin network, whose proof-of-work involves solving complex mathematical equations, Bitcoin Spark’s mining process will be simpler. Bitcoin Spark miners will have far less complex mathematical algorithms to solve and thus require less computing power or RAM to mine BTCS.
The reduced mining processing power will allow Bitcoin Spark network participants to execute the mining process on handheld devices such as mobile phones and laptops powered by different operating systems such as Windows, Linux, Mac OS, and Android. The mining will be powered by the Central Processing Unit (CPU) or the Graphics Processing Unit (GPU) and RAM in a secluded manner that does not affect the device’s normal functionality. For instance, mining could occur in the background of a laptop being used simultaneously for other purposes.
The move decentralizes mining by breaking the barriers witnessed in Bitcoin and Litecoin mining. It also allows retail users to begin mining from their devices, increasing the number of individual miners. This prevents the chances of a 51% attack that can happen on Bitcoin since two mining firms control more than half of the mining processes if they decide to team up and change the configuration of new Bitcoin blocks.
Bitcoin Spark has an ongoing ICO that is giving enterprising crypto lovers a chance to purchase its token at a low price. The BTCS tokens are selling for only $2 per token and are accompanied by a 20% bonus from the team as a form of appreciation for early participation. Upon mainnet launch on November 30th, investments made now will be worth 560% when each token sells for $10.
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