Cryptocurrency scalability refers to the number of transactions a particular network can host in a second. While Bitcoin only manages to process seven transactions per second, external payment service providers like Visa reach speeds of up to 24,000 transactions per second. Other projects like Solana have come to light with increased scalability. The Solana network is believed to host 65,000 transactions per second, making it one of the top blockchain-powered platforms with the highest scalability. However, Bitcoin Spark, a new DeFi platform, is changing the game by promising to overtake Solana’s transaction speeds.
Is Solana a good investment?
Solana’s performance had an incredible mark in the last bull cycle. The platform quickly gained mainstream adoption from crypto lovers worldwide due to its capacity to support a self-sustaining digital economy. However, the platform was entangled in the ongoing FTX/Alameda Research debacle at the beginning of the crypto winter season. As a result of the significant exposure, the platform lost a considerable number of investors who are sorting after this new Bitcoin alternative called Bitcoin Spark.
Bitcoin Spark’s scalability potential puts Solana to the test
The decentralized ecology is growing exponentially with the emergence of new and improved digital platforms like Bitcoin Spark. Bitcoin Spark is the ultimate solution to Bitcoin’s challenges and limitations. The platform’s utility token is BTCS, which is currently on the Ethereum mainnet as an ERC 20 token. The Ethereum mainnet has 4.3 million tokens, the required launch supply for the ongoing ICO. After the ICO event, the Bitcoin Spark network will launch soon, allowing the tokens to be bridged to the leading network.
Any tokens in the renounced bridging contracts will be eliminated from Ethereum and minted on the Bitcoin Spark network to ensure a cross-network balance is set. Any assets contained within renounced bridge contracts will be considered removed from deployed network circulation and circulating on the corresponding opposite bridged network.
Most successful projects employ effective marketing strategies to boost their audience reach and grow their brand. For this reason, Bitcoin Spark is destined for success with new and advanced marketing strategies. The primary strategy that Bitcoin Spark intends to employ is dubbed innovative disruption. The marketing strategy entails captivating approaches to capture the attention of potential clients and community members. Innovative disruption blends both traditional and modern marketing methods to build trust among its community members.
Bitcoin Spark devs are launching a software application soon. The application will be available for devices with different operating systems, including Mac OS, iOS, Android, and Windows. The application will allow network participants to mine BTCS by validating transactions and approving new blocks on the network.
Additionally, the application will have a wallet feature compatible with the Bitcoin Spark network and other networks such as BNB Smartchain, Solana, and Ethereum. However, the wallet will not be compatible with wallets powered by the Ethereum Virtual Machine, including Metamask. For users who wish to use EVM-powered wallets, converting their assets into ‘wrapped BTCS’ to make them available on Ethereum is the best option.
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