Introduction
According to experts, the stars could be perfectly aligned for Polygon (MATIC), Near Protocol (NEAR), and Bitcoin Spark (BTCS) in this bull run.
What is Polygon?
Polygon is a layer-2 scaling solution for Ethereum designed to address the network’s scalability issues. It aims to enhance the efficiency and usability of decentralized applications (DApps) by providing faster transaction confirmations and significantly lower fees while maintaining the security of the Ethereum mainnet. It achieves this by leveraging various scaling solutions, such as sidechains, plasma chains, and state channels. The increased activity on Ethereum has a direct positive impact on Polygon, as the layer-2 network benefits from the growing demand for a more scalable solution. This symbiotic relationship could prove to be a strong catalyst for Polygon in a bullish market.
What is NEAR?
Near Protocol is a blockchain platform designed to provide a scalable and developer-friendly environment for decentralized applications (DApps). The protocol utilizes a unique sharding technique called Nightshade, which enables parallel processing of transactions across multiple shards, enhancing its overall throughput. It also provides tools and resources for developers to easily build and deploy applications on the blockchain. The NEAR token serves as the native cryptocurrency of the network, facilitating transactions and participating in the governance of the protocol. NEAR has been steadily increasing in value and has secured additional crypto exchange listings, which could have a positive catalytic effect in the bull market.
What is Bitcoin Spark?
Bitcoin Spark is a new blockchain designed to revolutionize digital transactions by solving the limitations of previous blockchains and introducing new technologies.
- The Bitcoin Spark blockchain has a low block time, impressive individual block transaction capabilities, and an extensive node network, a combination that results in quick and low-cost transaction processing.
- The blockchain also has multiple harmoniously blended layers, which boosts its scalability substantially.
Bitcoin Spark will support the development of smart contracts and decentralized applications (Dapps) with a dedicated layer featuring separate execution systems that reach singular network finality. This innovative design will enable developers to use both high-level and low-level programming languages, fostering diversity within the ecosystem.
Additionally, Bitcoin Spark introduces the Proof-of-Process (PoP) consensus mechanism, which effectively combines decentralization with revenue generation. The PoP will non-linearly reward users for confirming transactions and contributing their processing power to the network. The nonlinear rewards structure, coupled with the vast nodes, will allow low-power devices to run the network. Bitcoin Spark’s team has even created an application that is compatible with Windows, iOS, Linux, Android, and macOS specifically for this purpose. The power contributed by the network validators will be rented out to institutions and individuals in need of remote computing power, giving rise to decentralized CPU/GPU renting. Bitcoin Spark will require payment for the service in BTCS, and network validators will share in the revenue while still getting minted BTCS and transaction fees from validated blocks.
Aside from this, Bitcoin Spark will also feature advertising on its application and website, with community policing to ensure security and decentralization. The network participants will also share in the revenue generated, with those involved in ad policing receiving additional incentives.
Bitcoin Spark has gone through multiple audits, confirming its viability and security. The project is currently in the last phase of its Initial Coin Offering (ICO), where BTCS is selling at $3.75, accompanied by a 4% bonus. Analysts suggest the ICO end and subsequent launch couldn’t come at a better time, as the expected crypto bull run has historically led to massive price surges for low-cap gems like BTCS. The bullish sentiment for the new crypto is further augmented by its having a limited supply of 21 million and innovative real-world uses.
Conclusion
While Polygon (MATIC), NEAR Protocol (NEAR), and Bitcoin Spark might gain substantially from the bull run, it’s essential to do your due diligence before investing.
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