In the world of cryptocurrencies, moves by whales often spark curiosity and interest. Notably, an Ethereum whale recently reallocated 10% of their capital to Bitcoin Spark (BTCS). This has prompted discussions and resulted in significant attention toward the Bitcoin Spark Initial Coin Offering (ICO).

What are whales in crypto?

In crypto, whales are individuals or entities that hold a substantial amount of a particular cryptocurrency. Their extensive experience and deep understanding of the crypto space often enable them to detect potentially successful projects in their early stages. They are also able to influence price movements and market sentiment due to their large holdings. Thus, crypto whales’ trading and investment decisions are closely monitored by the crypto community.

What is Bitcoin Spark?

Bitcoin Spark is an innovative Bitcoin alternative on the Ethereum blockchain. It builds on the vision of Bitcoin’s creator while addressing the network’s limitations. The Bitcoin Spark network will have a reduced time per block and increased individual transaction capabilities per block to increase the transaction speed. And combining this with an acutely increased number of nodes with less initial outlay and running costs will result in reduced fees for using the network.

The Bitcoin Spark mining process is simpler, more energy efficient, and open to anyone. The project has introduced a novel consensus mechanism known as Proof-of-Process (PoP). This blend between Proof-of-Work and Proof-of-Stake rewards miners/validators for confirming blocks on the network and for providing processing power to those using the network for computational tasks. The PoP is used with a special algorithm that inhibits linear rewards based on raw processing power or stake size. This ensures the incentives are distributed more fairly among smaller and larger network participants. BTCS mining is done through an easy-to-use mining program that can be installed on Windows, Mac OS, Linux, iOS, and Android devices. The software automatically limits how much of the device’s processing power is used to account for overheating, battery, or simultaneous usage requirements.

Bitcoin Spark also overlays revenue generation with additional services aside from the CPU rental to increase the reward aspect for participating in the network. This includes leaving a small space on its website and application for advertisement. 50% of the revenue earned will go to miners and network participants, thus creating passive income. The advertising will be community policed, with anyone holding BTCS being able to vote to remove an advert.

There’s a limited supply of 21 million BTCS coins, ensuring its price will increase over time. And if more revenue is obtained, the rewards minting is reduced and the minting endpoint moves further away. This results in a self-sustaining revenue network that allows network participants to remain profitable with limited supply.

The Bitcoin Spark ICO provides an opportunity for users to get BTCS at a highly discounted price among other benefits. It started on August 1st with BTCS selling at $1.50 and investors receiving a 20% bonus.

The bottom line

Whales’ ability to detect crypto gems in their early stages is well-documented, and considering their actions could be a prudent approach for those seeking to get profits from crypto. The recent move of the Ethereum whale reallocating 10% of their capital exemplifies the confidence in Bitcoin Spark (BTCS).

For more information:Website: https://bitcoinspark.org/Buy BTCS: https://network.bitcoinspark.org/register

Disclaimer: The statements, views and opinions expressed in this press release are solely those of the content provider and do not necessarily represent those of CoinChapter. CoinChapter will not be responsible in any way for the content of the same. Do your research and invest at your own risk.

The post Why This Ethereum Whale Is Moving 10% of His Capital To Bitcoin Spark appeared first on CoinChapter.