Bitcoin

The New Cryptocurrency on the Block Set to Rival XRP

3 Mins read

The crypto industry is rapidly evolving, with massive and potential projects inaugurated. Therefore, the decentralized ecosystem has maintained a connection with virtual currency as they depict it as the future of digital transactions. While other developing projects emanate in the ecosystem, Bitcoin Spark has already made waves and garnered insights in the crypto ecosphere.

The platform has a one-of-a-kind consensus mechanism yet to be witnessed in the cryptocurrency ecosphere. It also projects to be a future-generation blockchain platform leading to the exponential mass adoption of digital currencies.

btcs_ripple_cover

What Is XRP?

XRP is the native currency of Ripple. Ripple Labs developed the decentralized platform. Ripple is used to conduct transactional remittances and cross-border payments. The digital network was developed as an alternative to SWIFT, a  prominent money transfer network.

Users can purchase the XRP token in various exchanges, such as Binance and Coinbase. Those holding the XRP token can become DAOs as they can partake in governance. Governance entails a voting mechanism that users conduct to facilitate changes in the ecosystem.

Will XRP Go Up?

XRP has had an impressive surge and development since its inauguration in 2012. Most individuals were yet to confirm the progress and immense profit the decentralized network would bring to venture capitalists and other financiers. The digital currency gained traction that led to an exponential surge. The SEC  argued that Ripple offered unregistered securities to its users. The court, however, voted in favor of XRP as it plays a prominent role in cross-border transfers and remittances.

Bitcoin Spark New Digital Currency Battling XRP

Bitcoin Spark is another altcoin project that showcases the potential of Web3 development. The groundbreaking crypto platform aims to provide numerous revenue-generating methods so blockchain enthusiasts can leverage the opportunity to acquire massive capital gains.

To confirm its trustful existence and transparency, Bitcoin Spark has been audited by the top comprehensive auditing firms Contract Wolf and Vital Block. The platform also has an impressive roadmap that fully details the project’s development.

btcspark

Blockchain participants seeking a project that offers impressive perks after a complete referral should dive deep and confirm with Bitcoin Spark. The project has a program that offers individuals a 10% commission for conducting referrals that mature to purchases above $60.

Compared to other referral programs, the Bitcoin Spark network will not limit a participant’s earnings, whether a newbie or a native.

The referral works in a manner that entails that the more you refer, the more the increase in income. Bitcoin Spark has a decentralized application that offers two main objectives. The first is that proof-of-process is put into a full utility to avoid the wastage of electricity. The second is maximizing the reward system in that each participant accumulates their awards.

The decentralized application will act as a wallet for the network and other digital networks such as XRP, BNB Smartchain, and Solana. The application will not be compatible with EVM wallets such as Metamask. Therefore, users who wish to purchase and hold their BTCS in wallets such as Metamask will need to utilize the wrapped BTCS on  Ethereum.

Learn more about Bitcoin Spark on:

Website: https://bitcoinspark.org/

Visit BTCS Presale: https://network.bitcoinspark.org/register

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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