Three Cryptos to Watch Out For in 2023: Bitcoin Spark, BNB and Toncoin

livemint.com:

Contract Wolf and Vital Block. The founders’ identities were also scrutinized and verified through KYC (Know Your Customer) audits conducted by two independent auditing firms. By undergoing these intensive audits, Bitcoin Spark stands out among Web3 projects promoting transparency and accountability.

The platform’s consensus mechanism is none that Web3 participants have seen before. Instead of employing the secure but highly limiting proof-of-work consensus used in the Bitcoin network, Bitcoin Spark has adapted proof-of-work merits to strengthen its proof-of-process consensus, an amalgamation of mining and staking network validation processes. Although staking will yield passive income for network participants, more lucrative network management returns will be realized through mining BTCS.

Unlike Bitcoin’s mining process, mining BTCS is a relatively simple process involving finding solutions to less complicated mathematical computations. Due to the reduced complexities, the process is less cumbersome and requires less energy. This way, miners will be privileged to use low-powered mining devices such as phones and tablets by initiating the mining process from their installed mining application.

The application will give the individual control over their device’s mining performance by having an option that pre-selects the performance output the user needs at a particular time. For instance, when the device is not in use at night, the miner can decide to set the mining performance to 96%. However, during the day, the device might be in use, and thus, the user may choose to select the mining performance to 30% to ensure the machine multitasks smoothly.