Avalanche SnowTrace
If you have been following the Avalanche blockchain ecosystem, you may have heard about the recent shutdown of Avalanche SnowTrace, a blockchain explorer that depended on Etherscan’s service provision toolkit. The reason behind the shutdown was not clearly indicated, but sources suggest that it was due to Etherscan’s high gas fees. This has affected the overall price of AVAX slowly. On the other hand, Avalanche’s Landslide has introduced an Inter-Blockchain Communication Protocol to enhance the network’s interoperability with other blockchains.
Avalanche Price Outlook
Despite the shutdown of Avalanche SnowTrace, analysts still predict a positive outlook for AVAX and its ecosystem. The digital asset is expected to experience increased volatility as a result of ongoing developments in the network. With bullish signals across the entire crypto market, Avalanche is poised to follow a similar trajectory.
Bitcoin Spark’s ICO Shines
Bitcoin Spark’s ICO has been gaining attention from investors looking for interesting investment opportunities. The platform’s smart contract is considered one of the most advanced in the industry, accommodating various programming languages for developing and deploying dApps. The smart contract layers include Consensus Layer, Execution Layer, Rewards Layer, and Mining Layer. Bitcoin Spark’s mainnet is currently undergoing intensive scrutiny from developers and third-party organizations to ensure its security.
The project has a detailed roadmap highlighted in its official whitepaper and is currently in phase 9 out of 10 scheduled phases. In previous phases, developers have raised over $5 million within a few weeks since phase 1 began. As Bitcoin Spark winds up its ICO, the team has numerous objectives scheduled to foster infrastructure development and grow project utilities.
Hot Take: Bitcoin Spark Gains Momentum
Bitcoin Spark’s innovative approach and advanced smart contract technology are attracting investors who are looking for promising projects beyond Avalanche. With a successful ICO underway and significant funds raised, Bitcoin Spark is positioning itself as a leading alternative to Bitcoin in the crypto market.
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