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With the penultimate quarter of 2023 almost over, crypto investors are looking for significant profits before the end of the year. Therefore, some analysts think Shiba Inu (SHIB) and Bitcoin Spark (BTCS) are the hottest cryptocurrencies in 2023.
What makes crypto popular?
The popularity of cryptocurrencies depends on several factors. The first is the potential for high investment returns. Investors are attracted to cryptocurrencies that have shown impressive price increases, triggering a sense of FOMO (Fear of Missing Out), which attracts more participants to join. Technological innovation and real-world utility have been important contributors to the popularity of cryptocurrencies as cryptocurrency adoption continues to grow.
Therefore, cryptocurrencies that offer innovative features and practical applications tend to stand out in a crowded market. Strong communities and active engagement on social media also play an important role in shaping crypto popularity. Projects with a dedicated fan base often receive widespread attention and support.
What is Shiba Inu?
Shiba Inu (SHIB) is a cryptocurrency that builds on its origins as a meme-based token inspired by the popular Shiba Inu dog breed. It has quickly developed into a serious contender in the cryptocurrency space, boasting an ecosystem with a layer-2 blockchain (Shibarium), a decentralized exchange (ShibaSwap), a metaverse (Shibaverse), and blockchain games, such as Shiba Eternity. Shiba Inu has a strong and vibrant community known as Shibarmy, who play an important role in its implementation by remaining active on social media and supporting the development of the project. While it may have started as a joke, Shiba Inu (SHIB) is currently ranked in the top 20 cryptocurrencies by market capitalization.
What is Bitcoin Spark?
Bitcoin Spark (BTCS) is a new crypto project that aims to bring a new generation of cryptocurrency. It has gained significant attention within the crypto community, with a very active and well-known social media presence crypto enthusiast discuss potential. The project’s Initial Coin Offering (ICO) has even created a sense of FOMO as BTCS witnessed a price increase of 311% after entering Phase 4. More investors are joining in for bonuses and potential profits of over 489%.
Bitcoin Spark is a Bitcoin fork with faster and more cost-effective transactions due to increased individual block transaction capabilities, reduced block times, and a larger number of nodes. The Bitcoin Spark network also includes a separate but seamlessly integrated smart contract layer that allows the use of multiple programming languages. This unique multi-layer design positions Bitcoin Spark as a scalable platform that has a variety of smart contracts and decentralized applications (Dapps).
The Bitcoin Spark network introduces a new concept of decentralized CPU/GPU rental. It uses a proprietary consensus mechanism known as Proof-of-Process (PoP), which rewards users for confirming blocks and contributing processing power to the network. The power of the validator is then safely leased out to organizations or individuals who need remote computing power for tasks such as running scientific simulations, rendering video, and managing servers. Those using the network for remote computing will pay using BTCS, which provides real-world applications for crypto.
The Bitcoin Spark development team has ensured that anyone can participate in the network. They combine PoP with an algorithm that exponentially reduces the reward per additional power to ensure a fairer distribution of rewards. They will also provide an application that allows users to participate in network validation simply by providing access to their device’s processing unit.
The Bitcoin Spark app will be compatible with Windows, Android, iOS, Linux, and Mac OS devices. It will be secure, user-friendly, and lightweight, and automatically limits itself to the device’s usable resources. Network validators receive revenue from renting out their processing in addition to newly created BTCS and transaction fees.
Additionally, the Bitcoin Spark app and website will include small, unobtrusive ad slots. These ads will be based on community policies, thereby ensuring the credibility of the ads and the platform itself. Advertisers will be asked to pay with BTCS, and 50% of the revenue generated will go to network participants. By lining the network with diverse revenue pools, Bitcoin Spark (BTCS) will not only survive but thrive in the Web3 world with a single use case and closed revenue system.
Underline
While Bitcoin Spark (BTCS) and Shiba Inu (SHIB) could be the hottest cryptos this year, it’s important to do your own research before investing.
To get more information about Bitcoin Spark:-
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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