Bitcoin Spark is initiating a new beginning that solves the weaknesses and limitations found on the Ethereum and Bitcoin networks
As technology advances and develops, the cryptocurrency ecosystem is seeing a remarkable shift from old-generation platforms to modernized blockchain networks with improved technology and adaptive consensus mechanisms. . The solutions provide a massive utility that has attracted whales and institutions to its ongoing ICO event.
Bitcoin Spark will be a gas network, but the transaction costs will be lower than those experienced on the Bitcoin and Ethereum networks. The gas token of the Bitcoin Spark network will be BTCS tokens. All transaction charges will be sent to the mining pools and distributed to miners by the Bitcoin Spark smart contract layer.
The Contract Wolf audited Bitcoin Spark smart contract will have four independent but interjecting layers programmable in low- and high-level languages. The smart contract will also have an underlying parallel layer to deploy contracts in Rust alongside a special feature that settles transactions on the Spark mainnet.The four layers include the rewards layer, the mining layer, the consensus layer, and the execution layer.
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