Smart contracts have gained worldwide recognition for their potential to streamline a myriad of industries. Bitcoin Spark (BTCS) and Cardano (ADA) have emerged as promising contenders in the race for a suitable smart contract platform, but which has the upper hand?
What is Cardano?
Cardano is a third-generation blockchain platform with a strong emphasis on academic rigor and research-driven development. Cardano has a layered architecture that separates the settlement layer (where ADA, its native cryptocurrency, operates) from the computation layer, where smart contracts are executed. This separation allows for greater flexibility, scalability, and security, as each layer can be upgraded independently. Cardano’s development is guided by a team of leading experts in blockchain and cryptography, which combined with its peer-reviewed research, ensures that its features and protocols are thoroughly vetted for robustness and security. This positions Cardano as a promising platform for the implementation of smart contracts and decentralized applications (DApps).
What is Bitcoin Spark?
Bitcoin Spark is a new blockchain that seeks to usher in a new generation of cryptocurrency. Bitcoin Spark also has a multi-layer design, featuring a distinct smart contract layer with multiple execution systems that all reach finality on the main network. This approach ensures scalability while fostering diversity in smart contracts and decentralized applications (DApps) by accommodating multiple high-level and low-level programming languages. This contrasts with Cardano, which predominantly relies on a high-level programming language known as Haskell.
Bitcoin Spark also ensures lightning-fast transactions and low fees by having a low block time, enhanced individual block transaction capacity, and a vast number of nodes.
The Bitcoin Spark network boosts security, speed, and decentralization by using a groundbreaking consensus mechanism known as the Proof-of-Process (PoP). The PoP non-linearly rewards users for validating blocks and contributing their processing power to the network. Bitcoin Spark is incredibly lightweight, allowing even for lower-powered devices. The network’s native application will enable Windows, Mac OS, Linux, iOS, and Android users to participate in validation by installing and permitting access to the processing unit.
The Bitcoin Spark application will be safe and will automatically adjust the processing power used to conserve battery life, prevent overheating, and accommodate simultaneous device usage needs. The network will safely rent out the contributed power to individuals and organizations looking for remote computing resources, who will be required to pay using BTCS. The revenue generated will be distributed among the validators, providing real-world applicability and a reward for securing the network not in other systems, including Proof-of-Stake (PoS) ones like Cardano.
Best crypto to buy
Cardano (ADA) has a large market cap and a max supply of 45 billion, which suggests high liquidity. However, ADA is currently embroiled in the SEC cases against Binance and Coinbase, which could have negative detrimental effects. Additionally, the high market cap hinders massive price surges.
On the other hand, Bitcoin Spark (BTCS) is currently in its Initial Coin Offering (ICO), which provides an opportunity to get BTCS early at discounted prices and additional benefits. Notably, the crypto will launch at $10 but is currently selling at $2.25 with a 10% bonus, suggesting a 489% increase for investors. Additionally, BTCS has a low market cap combined with a capped supply of 21 million like the famous Bitcoin (BTC), suggesting potential for unprecedented price growth. However, there are risks to investing in a new crypto.
Therefore, Bitcoin Spark (BTCS) and Cardano (ADA) both have their merits and demerits. Ultimately, the choice of the best crypto to buy will depend on individual investment goals and risk tolerance. As such, it is essential to do your own research first before investing.
To get more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
