The Bitcoin halving event serves as a bullish catalyst for the entire crypto market. That said, crypto experts recommend buying Cardano (ADA), Uniswap (UNI), and Bitcoin Spark (BTCS) before the next halving in 2024.
Bitcoin Spark: Imagine buying Bitcoin at $1
Bitcoin Spark is a new Bitcoin fork that retains the favorable attributes of the original cryptocurrency while introducing improvements that enhance efficiency and accessibility.
To ensure fast transaction processing while maintaining low fees, the Bitcoin Spark network will reduce the time per block, increase individual block transaction capabilities, and drastically raise the number of nodes.
Bitcoin Spark also boosts its use cases by allowing smart contracts on its network. This happens through a multi-layered smart contract execution system that reaches finality on the main network and allows for different programming languages to be used for application building.
Moreover, anyone with a smart device can mine BTCS. This is possible through a novel consensus mechanism known as Proof-of-Process (PoP) and the Bitcoin Spark application. The PoP rewards miners for validating blocks and providing the processing to the network. The Bitcoin Spark application enables anyone with a Windows, Android, iOS, Linux, or Mac OS device to mine by permitting secure and isolated access to their device’s processing unit.
The application will regulate the processing power used to account for overheating, battery health, and simultaneous usage requirements. The network will also include an algorithm that restricts linear rewards based on raw processing power to ensure a more suitable distribution of mining rewards.
Notable strides have been witnessed on Cardano’s journey towards complete decentralization, with recent reports underlining substantial breakthroughs. Input Output Hong Kong (IOHK) illuminated the pivotal advancements aimed at enhancing the fundamental technology of the Cardano blockchain, refining its governance framework, amplifying scaling protocols, bolstering the smart contract ecosystem, and fortifying the spectrum of Cardano-based wallets.
These comprehensive updates firmly establish Cardano’s commitment to carving out a pioneering path in the blockchain landscape.
What is Uniswap?
Uniswap is a decentralized exchange (DEX) on the Ethereum blockchain. It allows users to trade crypto without an intermediary from anywhere in the world. UNI, the governance token, allows users to vote on key changes to the protocol. Uniswap pioneered the Automated Market Maker model (AMM), in which users supply Ethereum (ETH) tokens to Uniswap liquidity pools, and algorithms set market prices based on supply and demand.
This is opposed to order books on centralized exchanges, where bids and asks are matched. Uniswap’s decentralized nature ensures transparency, security, and accessibility, transforming the way users provide liquidity and trade crypto.
The bottom line
While Cardano (ADA), Bitcoin Spark (BTCS), and Uniswap (UNI) all have the potential to provide significant returns come 2024, it is essential to conduct your own research before making any commitments.
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