The crypto arena has not forgotten the hype that Shiba Inu brought to the industry. Shiba Inu gained widespread attention for its meteoric rise and enormous following earning it the name ‘Dogecoin killer’. However, as the buzz seems to have fizzled out, Bitcoin Spark is in a position to replicate and possibly improve on what SHIB did.
Bitcoin Spark (BTCS): The New Shiba Inu?
Bitcoin Spark is bringing the crypto community back to life as discussions feature its new blockchain technology Proof-Of-Process (PoP). A combination of PoS and PoW, PoP replicates the successes and market adoption associated with the big players like Bitcoin, DOGE, and SHIB.
Bitcoin Spark deploys an easy-to-use platform as a vehicle to access its ecosystem and participate in mining, validation, rewards, and computation power rental. The users who contribute processing power through the application have the opportunity to earn mining rewards. These rewards are calculated based on a blend of factors, including the user’s stake and the work done for those remotely utilizing the network’s computing power. The application aligns with Bitcoin Spark’s PoP consensus mechanism, which ensures fair reward distribution and prevents any single entity from gaining excessive control over the network.
The application is user-friendly with an easy-to-use interface, making it accessible to individuals with varying levels of technical expertise and devices. The interface provides clear information on processing power contribution, rewards calculator, and other relevant details. The mining rewards calculator allows users to estimate their profitability before participating in the network consensus. This feature empowers users to make informed decisions regarding their participation. The application seamlessly integrates with the broader Bitcoin Spark ecosystem, connecting users to the network’s layers, including execution, consensus, mining, and rewards layers. BTCS has undergone a smart contract audit and a Cognitos KYC to reinforce its systems for security, compliance, and transparency.
BTCS has a running ICO in phase two at $1.75 per token and a bonus reward of 15%. The project is expected to return ROIs of up to 800% for the early adopters and 657% for the second-phase holders.
Will Shiba Inu go up?
After a four-month climb, Shiba Inu is currently experiencing a notable increase in the prices of its SHIB and BONE tokens. The anticipation is further fueled by the impending launch of the Shibarium blockchain’s layer 2 solution. This development has sparked predictions of a potential surge in SHIB’s value. Adding to the optimism is the renewed interest from SHIB whales, which is often interpreted as a positive indicator leading up to the launch. Moreover, expectations are high that the platform will intensify its token-burning efforts, a practice that can contribute to scarcity and potentially drive prices higher. However, investors need to approach this trend with caution. While the ongoing surge in meme coin prices is capturing significant attention, history has shown that such price spikes might not be sustainable without a consistent level of hype and interest.
Shiba Inu’s journey has been hilarious, showing that a concept is what matters in the crypto world. Its appearance in 2020 heralded new millionaires years later from the investors who bought it at launch price. Years later, this Bitcoin alternative mirrors an investment in Bitcoin when it was going at $1.
Read here for more specific details and updates on Bitcoin Spark (BTCS):
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.