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Home Journal Bitcoin Sparks ICO promises rewarding returns for Early Investors

Bitcoin Spark (BTCS), with its Initial Coin Offering (ICO) in full throttle, offers early investors the chance to be part of a promising venture. Bitcoin Sparks ICO is in the last stages of phase three at affordable pricing and enticing bonus, before rolling out phase four at an increased value but declined bonus offer. BTCS provides enticing returns for those who recognize its potential early on, and the phase three holders will realize a 560% ROI.

BTCS, a ticker for Bitcoin Spark, is a decentralized cryptocurrency project that seeks to revolutionize crypto mining and rewards distribution. This Bitcoin fork, built on Ethereum, is driven by an innovative concept, the Proof-Of-Process (PoP) consensus mechanism, aimed at enhancing security and scalability while maintaining decentralization. The project emphasizes decentralization by encouraging more validators to participate, bolstering network security. By combining unique approaches like the non-linear rewards system, BTCS plans to create a self-sustaining mining ecosystem that offers consistent profitability to miners.

Bitcoin Spark uses a smart combination of proof-of-work and proof-of-stake mechanisms, and a special algorithm, to ensure stability and fairness in distributing rewards. Miners need to solve hexadecimal hashes to earn rewards. While solving hexadecimal hashes wont be the primary way to earn, users need to stake on the network, similar to how Proof-Of-Stake blockchains work. However, the relationship between stake and earnings isnt linear. Unlike traditional systems that solely favor high computing power or large stakes, Bitcoin Sparks approach prevents imbalanced rewards based purely on monetary worth.

The network also requires users to contribute processing power to Bitcoin Sparks clients for remote computing tasks that demand high CPU or GPU usage. An exciting feature is that users can contribute processing power through an app in a secure virtual environment, setting Bitcoin Spark apart. BTCS provides miners with a user-friendly Bitcoin Spark application, enabling them to contribute their device processing power to the network and earn rewards.

Rewards are calculated based on a combination of the individual stake and the work performed as remote computing. The more work and stake provided, the higher the rewards but this relationship isnt linear. Higher emphasis is placed on work done to prioritize the revenue-generating product.

Bitcoin Spark caps users to contribute around 5 Teraflops of processing power before experiencing rewards reduction. This estimation may change over time based on total network output, client demand, remaining mining rewards, and total BTCS staked. The system will adapt with technological advancements to stay relevant.

Through its ICO and advanced technologies, Bitcoin Spark envisions a balanced and profitable environment for miners while contributing to the broader cryptocurrency landscape. BTCS rolled out phase one of its ICO at $1.50 and a 20% bonus, with phase one holders expecting an 800% ROI.

Phase two featured one BTCS at $1.75 and a 15% bonus, for an ROI of 657%. Imagine acquiring Bitcoin when its value was $1. The current phase three, which is running out fast, has one BTCS at $2.00 and a 12% bonus. Phase three holders expect 560% in ROI gains.

As evidenced above, Bitcoin Spark implements high rewards in the early ICO stages, rewarding in a big way the early investors. Early adopters enjoy an affordable BTCS price, which keeps increasing after each phase, and bonuses which diminish as phases progress. After the project launch in November, the early adopters will enjoy higher margins and will have earned impressive amounts in bonuses.

Bitcoin Sparks profitability is driven by a thoughtful blend of mechanisms that value both stake and active contribution, fostering a fair and lucrative environment for its participants. The reward structure is designed to prioritize revenue generation. The more work a user performs and the higher their stake, the greater their rewards, but this relationship follows a non-linear pattern.

This approach encourages participation by both large and small stakeholders, enhancing network security and decentralization. Apart from processing power rental, the BTCS ecosystem also introduces a new advertising concept where users can vote out adverts if inappropriate.

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Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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Bitcoin Spark's ICO promises rewarding returns for Early Investors - Captain Altcoin

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Ethereum MEV incentives limit decentralization new report shows - CryptoSlate

Andrew Milson, a senior software engineer at Immutable, recently submitted his own proof to StarkWares StarkNet verifier on Ethereum.

Generally speaking, a prover is a computational entity responsible for attesting that information is accurate without revealing its underlying data. Provers must create proofs that can be easily verified by a verifier.

The issue today is that many zero-knowledge (ZK) blockchain projects depend on one single, centralizedprover. In the event that node fails to submit proofs, transaction finality will be impacted.

But the process of decentralizing provers is no easy feat.

Milsons interest in STARKs is what started the entire ordeal, he told Blockworks.

When I found out they could be used to prove very large computations instantly in a small proof, I just lost my mind. It didnt even seem possible, and the mystery resulted in me becoming obsessed with figuring out how they worked, Milson said.

During this time, he built miniSTARK, a tool that enables you to prove the integrity of arbitrary computations using STARKs and also spent time learning about Cairo a STARK programming language.

Its simplicity is beautiful, and the fact that StarkNet is built on top of it strikes me as very strong, Milson said.

STARK verifiers are very similar in structure to their provers, Milson said.

Being able to see StarkWares verifier contracts on Ethereum essentially provided me with a blueprint that I was able to follow line by line, he said.

Milson began copying Solidity contracts into a foundry project and wrote tests for the verifyProof process, he said.

It was an iterative process that involved the following:

Each iteration, Id get slightly more lines of code passing until the whole test worked, Milson said. I used the passing proof and submitted it to Ethereum using Etherscanner. It was a real thrill once everything was submitted on-chain.

Milson believes that being able to submit his own prover is a step towards decentralization for StarkNet.

Teams in the community can start integrating the prover into their work which will bring a lot of scale and interesting use cases to the ecosystem, for example, onchain Gaming and ZKML, he said.

This sentiment is shared by Liron Hayman, the head of business development at Starkware.

This is a very important milestone towards decentralization of the Starknet tech stack. Andrew was able to develop his prover without viewing the code of StarkWares prover, Hayman told Blockworks. A mature decentralized blockchain like Starknet requires a vibrant community developing multiple implementations of each component. Andrews work is taking STARK technology to serious decentralization and by extension, towards fulfilling its potential.

Milson believes his work can also be viewed as an audit of StarkNets existing verifier and a testament to the security of the network.

I inspected every line of code and I couldnt find a bug which was honestly a bit disappointing considering how juicy StarkNets bug bounty program is, but really impressive on StarkWares behalf, Milson said.

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How to decentralize a prover, according to an engineer who did it for fun - Blockworks

PayPals new Ethereum-based stablecoin, PYUSD, has been seen as bittersweet news for the crypto community.

While it could finally see Ethereum find its place in mainstream adoption, it could also spell trouble for decentralization and personal control of assets, warns the community.

The new stablecoin, PayPal USD, was launched on Aug. 7 and is issued by Paxos Trust Co. the firm behind Binance USD (BUSD). Its built on Ethereum and designed for digital payments and Web3, with the firm saying it will soon be available to United States customers.

The launch has been seen as a boon for Ethereum adoption. Ethereum bulls Anthony Sassano and Ryan Sean Adams believe the ERC-20 stablecoin will push the blockchain closer toward becoming the money layer of the internet.

The number of daily active users on Ethereum currently hovers between 300,000-400,000, according to Etherscan.

However, Sean Adams noted that 430 million accounts actively use the online payment processor, which means that over 5% of the worlds 8 billion people could theoretically be onboarded onto Ethereum through PayPals new stablecoin.

Martin Koppelmann, the CEO and co-founder of Gnosis, added that by launching PYUSD on Ethereums base layer, Ethereum layer-2s will be able to interact with PYUSD too.

Others, including lawmakers, have seen it as another example of larger institutions embracing crypto, breathing new life into the traditional payments system.

In an Aug. 7 statement, Patrick McHenry, chair of the United States House Committee on Financial Services, said stablecoins like PayPals PYUSD hold promise as a pillar of our 21st century payments system.

However, not everyone is convinced about PayPals new stablecoin.

Several smart contract auditors highlighted that PYUSDs smart contract contains freezefunds and wipefrozenfunds functions, which they claim are textbook examples of centralization attack vectorsin Solidity contracts.

This concern was echoed by cryptocurrency researcher Chris Blec, who believes that PayPal will use the controversial functions where necessary.

Digital asset lawyer Sasha Hodder believes many characteristics of PayPals stablecoin resemble that of a censorship-enabled central bank digital currency. Another smart contract auditor noted that PYUSDs smart contract can be changed by PayPal at any time.

In October, PayPal was slammed for a controversial policy that couldve seen users fined $2,500 for spreading misinformation. The firm later backpedalled, claiming the policy update was published in error.

Related: PayPals crypto holdings increased by 56% in Q1 2023 to nearly $1B

Meanwhile, blockchain engineer Patrick Collins took a slightly more neutral view, suggesting that PayPals PYUSD could have been epic but believes some of the engineering choices were suboptimal such as choosing an outdated version of Solidity to program the contract, making the contract upgradeable and not making it gas efficient.

Sassano also explained in a separate post that while PayPals stablecoin is centralized, Ethereum users are free to choose whether they wish to use it or not.

PayPal said PYUSD will be rolled out within the next few weeks.

ETH is currently priced at $1,825, which is approximately the same price at the time of PayPals announcement about 10 hours ago, according to CoinGecko. Only minor fluctuations have been observed in ETHs price since then.

Magazine: DeFi Dad, Hall of Flame: Ethereum is woefully undervalued but growing more powerful

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PayPal USD: Boon for Ethereum but not decentralization, says community - Cointelegraph

Unbelievably, Africa is a powerhouse of untapped potential resources: both natural and human. At least, it has over 1.3 billion population while the natural resources are immeasurable. The importance of this huge population, there are talented people. And least we forget, Africa consists of fifty five independent states. Every African State has a particular brand, from politics to economy, and from lifestyle through music and arts. Uganda, situated in East Africa, has its own popular brands.

Most probably, not many have heard of it. Uganda has talented kids group which is increasingly becoming so popular. The Ghetto Kids Uganda demonstrated as much at the 2023 Britains Got Talent (BGOT) show.

Despite spending their time in the sprawling slums of Kampala, the group of six kids left the BGOT audience in awe. Even with their humble background, they put up one of the worlds best dancing shows ever. They are the first African kids act to ever receive a golden buzzer from Bruno, one of the judges before their performance was even complete.

Besides, they received the most public votes at the semi-final, which advanced them directly to the shows final. This placed them among the 10 acts to ever compete in the finals. The Ghetto Kids Uganda did not win Britains Got Talent (BGOT) show in 2023. Instead, Viggo Venn, a Norwegian comedian won and walked home with 250,000 prize at the Royal Variety Performance.

Venn delighted the crowd once more with a routine inspired by high-visibility clothing in the championship round. The Norwegian pulled a fizzy dose of laughter among judges after convincing Judge Simon Cowell to don an identical high-vis jacket with rose flower speckles.

Dancer Lilliana Clifton, 13, and magician Cillian OConnor, 14, finished second and third respectively. Ghetto Kids Act Tonioli opened the event with a routine to a medley of songs including Africa by Toto. He was among other young performers who dominated the grand finale stage.

Some audience members booed the outcome because they werent thrilled with the audience choice. Interestingly, amazing opera vocalist Malakai Bayoh and motivational dancer Musa Motha, who lost his leg to amputation when he was just 11 years old, failed to finish in the top three.

Venn appeared stunned after declaration he won this years show. However, several quarters booed him and their Twitter was on fire. Sounded like a lot of boos there when #ViggoVenn was announced as the winner of #BritainsGotTalent. I thought he was great but a shock omissions from the final 3, and I think everyone thought the young lad would win. Bit of a deflated, down-beat end to the series #BGT2023 #BGT, said a tweep.

Another one added that 2023s BGOT was the most shambolic show ever held in the UK. NEVER EVER EVER EVER watching @BGT #BritainsGotTalent again. absolute shambles a guy running about in a high vis vest over so much proper genuine real talent? the boos in that audience, shocked faces and genuine tears said it all for me SHAMBLES, read the tweet.

The Ghetto Kids Uganda is a group of six, all aged between six and 13. They come from Kampalas sprawling slums and streets. Dauda Kavuma took in the six kids into the Ghetto Kids Foundation which he started years back to help needy children. He doubles up in his role as a guardian to the groups manager.

He told BBC that his group would inspire many other people going through various challenges in life. Kavuma joined the streets for survival after the passing on of his father when he was barely a teenager. He dug through trash to find scrap and sold fruits to stationary cars at traffic lights in Kampala City.

The 30-year-old harboured football ambitions when he was a little boy, but a friend later persuaded him to try singing. He got so much from singing and it occurred to him that he could use this talent to help street children.

Most people thought street kids have no value in society but I thought otherwise, AFP quotes him. I thought, what if I use music, dance and drama to transform the underprivileged in the ghettos. My inspiration was my love for music and to pay back to the society that has supported me through my hard life.

The Ghetto Kids Uganda Foundation headed by Kavuma is headquartered in a five-bedroom home tucked away in a maze of Makindye streets. He takes care of orphaned, homeless, or underprivileged kids here ensuring they have shelter, food, education and clothes.

The Ghetto Kids and Masaka Kids are two different mixed-gender choirs from Uganda based in Kampala and Masaka respectively. They both work independently but with a common goal of aiding underprivileged children in Uganda.

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Safeguarded Token: The Third Way between Decentralization vs. State Protection Part 3 - Modern Diplomacy