Veteran Investors Who Predicted Fantom (FTM) Rise, Says This Bitcoin Fork Could Do the Same

On Sep 23, 2023

Seasoned crypto investors who successfully predicted the rise of Fantom (FTM) are now pointing to a particular Bitcoin fork. With the crypto market’s twists and turns, these experienced minds believe that this Bitcoin Spark holds the potential to replicate the remarkable ascent of Fantom in the competitive crypto landscape.

Bitcoin Spark (BTCS)

BTCS is a cryptocurrency and blockchain technology striving to revolutionize crypto through its innovative approach and technology. Bitcoin Spark deploys a Proof-of-Process (PoP) mechanism, which attracts staking and work done. This hybrid approach enhances scalability, security, and decentralization while making mining more accessible to diverse participants. It prioritizes inclusivity, allowing individuals with varying computational resources to participate in the mining process. It aims to level the playing field, reducing the dominance of wealthy miners often seen in traditional PoW systems.

The project implements a unique rewards distribution model that considers both the miner’s stake in the network and their contribution in terms of processing power. This approach prevents the concentration of rewards among a few large players. The BTCS token serves various use cases within the Bitcoin Spark ecosystem, including staking for passive income, settling transactions, and acting as a store of value. The application is central to the project’s concept, allowing users to contribute processing power via a virtual environment. This facilitates a more inclusive mining ecosystem that unlocks revenues for self-sustainability through advertising and GPU rental.

The Bitcoin Spark application is designed to be user-friendly and compatible with various operating systems, including Android, iOS, Mac OS, Windows, and Linux. It has an ICO, currently in phase five with BTCS going at $2.50, and a 9% bonus. BTCS investor expect an ROI of 436%.

Fantom Crypto

Fantom (FTM) is a blockchain platform designed to be a faster and more cost-effective alternative to other blockchain networks. It primarily focuses on supporting DeFi applications. Launched in 2018, Fantom addresses the limitations in transaction speeds that older blockchain platforms face when executing smart contracts. Fantom launched its mainnet, known as Opera, in December 2019. It employs a consensus mechanism called Lachesis, an Asynchronous Byzantine Fault Tolerance (aBFT) protocol.

This protocol is claimed to faster and more cost-efficient than older technologies while maintaining high-security standards. In aBFT, maximum decentralization, scalability, and security are emphasize. Unlike some other consensus methods, Lachesis nodes don’t send entire blocks to each other; they synchronize events instead.

Validators don’t vote on the exact state of the network; instead, they periodically exchange observed transactions and events with their peers. This method reduces the number of consensus messages created, as events can reused in different elections. Fantom’s Opera mainnet is compatible with the Ethereum Virtual Machine (EVM), making it possible for developers to migrate their Ethereum-based dApps to the Fantom network. The platform’s modular architecture allows for customized blockchains tailored to specific use cases. FTM tokens are uses for staking and voting on network decisions, giving token holders a say in the platform’s future.

FTM Price Prediction

Fantom has garnered attention in the blockchain and cryptocurrency community for its focus on solving scalability and speed issues, often cited as challenges for many existing blockchain platforms. Its ability to process transactions quickly and cost-effectively has made it a noteworthy player in the space, particularly in the realm of DeFi. FTM price prediction notes that Fantom will reach $0.5 in 2024. However, as with any cryptocurrency, investors and users must conduct thorough research and exercise caution when engaging with the Fantom network or related projects.