Why Is The Next Bitcoin Schism, Called Bitcoin Spark, Being Dubbed a Shiba Inu Killer By Experts?

The cryptocurrency industry has taken notice of Bitcoin Spark (BTCS). Intriguingly, cryptocurrency analysts are calling this fresh BTC fork a Shiba Inu killer.

Source: bitcoinist.com

The Shiba Inu engineering group is dedicated to enhancing SHIB's utility through a number of ecosystem updates. The most recent and possibly most anticipated improvement in the ecosystem was the Shibarium layer-2 scaling option for Ethereum. The Shiabrium debut, however, fell short of expectations. It experienced a number of setbacks, which forced a halt in activities to safeguard finances. 

The crypto community speculated that this was caused by a broken bridge, but the project's developers rejected this theory and blamed the outages on a huge surge of transactions that surpassed the network's processing power. The turbulent network launch had minimal effect on SHIB's pricing; in fact, it caused a 10% decline. 

However, the team working on the project's development has been putting a lot of effort into improving scaling procedures to handle increased traffic on Shibarium. Additionally, they have been regularly updating their community. To prepare for any problems with fund retrieval when Shibarium resumes, they have chosen to get insurance in the amount of $2 million. FUD, or fear, uncertainty, and doubt, however, spread and might harm the project.

Aiming to improve Satoshi Nakamoto's original idea, Bitcoin Spark (BTCS) is a potential advancement in the cryptocurrency field. It shares the essential concepts of decentralization and transparency with Bitcoin (BTC) and has a finite supply of 21 million tokens. Due to their similarities, professionals in the field have proposed that BTCS is the replacement for BTC.

With a large network of nodes, a shorter block time, and improved individual block transaction capabilities, the Bitcoin Spark network is able to process transactions quickly and at much lower costs. Additionally, Bitcoin Spark offers a solid framework for the creation of smart contracts, going beyond just being a P2P transaction system. 

The most distinctive feature of Bitcoin Spark is its easy to use mining strategy. It uses the ground-breaking Proof-of-Process (PoP) algorithm, which nonlinearly pays miners for validating blocks and providing network power. The application that will be made available by the project's development team will allow users to mine by allowing access to their device's processing unit. Installing the software will establish a simulated environment that is separate from the computer's operating system operations and assure security on any device, especially Android and iOS devices. 

Additionally, it will modify the processing power employed to take overheating, battery, and concurrent usage requirements into mind.

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