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Bitcoin Spark Whitepaper
  • Bitcoin Spark Overview
    • Introduction
    • History of Bitcoin
    • The Shortcomings of Bitcoin
    • The Solution: Bitcoin Spark
    • What Are Bitcoin Alternatives?
    • Marketing Strategy
    • Revenue Generation
    • Mining
      • How Rewards Are Distributed
    • Bitcoin Spark Application
      • How Miners Are Able To 'Rent Out' Power
    • Roadmap
    • Team
  • Core Blockchain Function
    • 'Proof-of-Process' Transaction Validation
    • Gas
    • Validators
    • Smart Contract Programming Language and Layers
    • Official RPC Providers
    • Bridging
  • ICO Information
    • Tokenomics
    • ICO Phases
  • Additional Details
    • Contract Address
    • Investor Security
    • Official Social Media Links
    • Media Kit
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  1. Core Blockchain Function

Bridging

Upon mainnet release, BTCS will be the only initially bridgable asset to the Bitcoin Spark network. The proprietary Bitcoin Spark bridge will contain liquidity pools on Ethereum, BNB Smart Chain, and Polygon. Users will be able to bridge their BTCS in from these networks and receive BTCS on the Bitcoin Spark network, and vice versa.

This bridging system will allow the ICO stage to begin on Ethereum and allow for greater access to the Bitcoin Spark network through native BTCS withdrawals on exchanges and through on-chain liquidity on the most used networks. Any assets contained within renounced bridge contracts will be considered removed from deployed network circulation and be considered circulating on the corresponding opposite bridged network.

Ethereum will only have a maximum bridgable supply of 4.3 million tokens, equal to the ICO, to ensure supply remains primarily native once the network is live. Bridge liquidity will be burned slowly once the Bitcoin Spark burning mechanism initiates, to ensure cross-network balance.

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Last updated 1 year ago