The crypto market has been buzzing with excitement over recent developments in Polygon, Arbitrum, and Bitcoin Spark.
While Polygon prepares for its 2.0 upgrade, Arbitrum is preparing to launch the mainnet of Orbit. Meanwhile, Bitcoin Spark has made significant changes.
Polygon (MATIC) Prepares for the 2.0 Upgrade
In June, Polygon Labs announced its transition into “The Value Layer of the Internet.” The upgrade was termed Polygon 2.0. Since then, the team behind the project has made several advancements to reach its goal.
The Polygon crypto team recently announced that the zkEVM Mainnet Beta upgrade has been completed. This comes just after the POL token contract was launched on the Ethereum network. POL has launched to replace the current Polygon coin, MATIC.
The upgrade is aimed at making Polygon a network where anyone can create, exchange, and program value. With this, analysts have given very bullish MATIC price predictions. The Polygon price prediction from top analysts, including Dominic Basulto, suggests that the coin could rally by 30% to cross $1 before the year ends.
Arbitrum Nears Mainnet Launch for Orbit Network
The Arbitrum crypto has also sparked a wave of excitement within its community with a recent announcement. The team revealed that they are ready for the mainnet launch of Orbit – a layer 3 network built on Arbitrum.
Developers will leverage Arbitrum to build layer-2 or layer-3 networks on Orbit. Crypto industry experts have predicted that this will support the growth of the ARB network. Also, the price movement of the Arbitrum is expected to react positively.
In October, the Arbitrum price gained 8% to reach $0.9700. The price forecasts have suggested a quick break above the $1 resistance. If the price of Arbitrum breaks above this resistance, then a rally could ensue.
Bitcoin Spark (BTCS) – A Sustainable Upgrade To the Bitcoin Network
Bitcoin launched in 2009 as the first crypto project operating on a blockchain. Blockchain technology has experienced major improvements since Bitcoin launched. However, many of these improvements are lacking in Bitcoin. Bitcoin Spark was created to bring these improvements to the original cryptocurrency.
Bitcoin Spark was forked from Bitcoin, meaning it retains the original code of the network. However, it has made several noteworthy improvements to make the network more efficient. The high energy demand for Proof of Work has drawn criticism globally. Bitcoin Spark has replaced PoW with a more unique mechanism, Proof of Process.
PoP was created as a combination of PoW and PoS consensus mechanisms. This unique model has made the Bitcoin Spark network more energy-efficient than Bitcoin. Also, the network integrated support for smart contract functionality. This is one of the top blockchain features lacking in Bitcoin.
Analysts have projected that Bitcoin Spark will see great adoption by bringing these features to Bitcoin. The project also aims to make it easy for anyone to enter Bitcoin early. As such, it is launching via an ICO. Bitcoin Spark (BTC) has entered stage IX of its crypto presale, where BTCS trades at $3.5 per token.
Find out more about the Bitcoin Spark ICO below:
Website: https://bitcoinspark.org/
Visit BTCS Presale: https://network.bitcoinspark.org/register
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