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Business News/ Brand Stories / Three Cryptocurrencies to Look Out For in 2023: Bitcoin Spark, Ethereum Classic, and Toncoin
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Three Cryptocurrencies to Look Out For in 2023: Bitcoin Spark, Ethereum Classic, and Toncoin

Emerging digital currencies like Bitcoin Spark, Ethereum Classic, and Toncoin have gained traction in the decentralized ecosystem

The cryptosphere is quickly gaining traction in all dimensions, and some apparel brands and businesses worldwide are now accepting digital currency as method of payment for their goods and services.

Analysts and experts believe the crypto industry will surge in the next decade. This has made many venture capitalists and individual investors join the bandwagon. The cryptosphere is quickly gaining traction in all dimensions, and some apparel brands and businesses worldwide are now accepting digital currency as method of payment for their goods and services. Therefore, this prediction indicates the potential embedded in blockchain technology. Emerging digital currencies like Bitcoin Spark, Ethereum Classic, and Toncoin have gained traction in the decentralized ecosystem. Nonetheless, Bitcoin Spark appears promising with new mechanisms, such as the newly integrated proof-of-process validation system.

What is Ethereum Classic?

Ethereum Classic was introduced in 2016 after the split in the Ethereum ecosystem due to the smart contract hack on the Ethereum mainnet. The network is split into two distinct categories of developers. Most members wanted to resuscitate the hack and recover the stolen funds. A minority group of developers believed that it was the responsibility of investors to take accountability for investing in a vulnerable project. Ethereum Classic is a decentralized, blockchain-based, open-source crypto platform that operates self-executing smart contracts.

The native token for the platform is ETC, which is used for conducting transactions on the platform. The decentralized network uses a proof-of-work consensus mechanism where individuals stake ETH tokens to promote the platform's development.

Why is Toncoin a promising project?

Toncoin is a distributed ledger network originally generated by Telegram in 2028. The prominent messaging platform Telegram raised $1.7 billion in a private funding system to develop the new distributed ledger network. The native token for the platform is TON, which acts as a gas token for the network. Toncoin is a promising project as it is backed by the famous social and community application Telegram.

What is BTCS?

In the current developing technological universe, a tremendous number of pertinent projects have emerged with promising features that will lead to the development of the crypto ecosystem. Among them is Bitcoin Spark, the newly inaugurated project that seeks to provide alternative methods for generating income.Vital Block and Contract Wolf, two renowned, reputable Web3 organizations, have audited the newly integrated digital currency project. Additionally, the project has a roadmap that entails its development stages, allowing network participants and investors to follow along its completed and anticipated milestones.

Bitcoin Spark appears promising with new mechanisms, such as the newly integrated proof-of-process validation system.

The project's native currency is called BTCS. The total supply of BTCS is 21 million, which is also similar to Bitcoin's maximum supply. From the total supply, a total of 16.45 million BTCS crypto assets have been allocated to mining rewards. At the same time, 4.55 million have been set aside as the launch supply, out of which 4.3 million have been minted on Ethereum as ERC-20 tokens.

Furthermore, the launch supply has provided the token supply for the initial coin offering, team tokens, and liquidity pools and exchanges. Bitcoin Spark is currently in phase eight of its presale, where each token is sold for as cheap as $3.25, and a bonus of 6% is given to all users who purchase the token. Blockchain participants who invest in BTCS before phase 8 ends will have a 326% capital gain during the launch period occurring on 30th November. The launch price of BTCS during this period will be $10.

In addition, Bridging is considered essential when discussing blockchain interoperability. The newly integrated project has a bridging system where BTCS is the only initially bridgeable asset in the platform. Bitcoin Spark has already established a liquidity pool in other networks, such as Ethereum and BNB Smart Chain. Participants can, therefore, exchange or transact their BTCS into and from these networks without losing their assets or interfering with the capped supply.

Learn more about Bitcoin Spark on:

Website: https://bitcoinspark.org/

Buy BTCS: https://network.bitcoinspark.org/register

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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