PEPE Coin price slumped hard after $15 million worth of PEPE coins were withdrawn from the project’s multi-signature exchange wallet. One of the meme coin founders came to light, stating that previous Pepe co-founders were the culprits behind the malicious activity. The withdrawn assets were quickly transferred to major exchanges such as OKX and Binance and quickly liquidated, causing the price of PEPE to fall double digits in less than 24 hours.
What is PEPE coin?
PEPE is a famous meme coin launched in April 2023 on the Ethereum network. The project quickly gained massive traction from netizens on social platforms such as X/Twitter. Due to the traction, PEPE made it to the top most traded cryptocurrencies. The project is heavily inspired and associated with Pepe the Frog, a popular meme figure consisting of a Frog with a humanoid face and different expressions like laughter, smile, anger, and mystery.
Bitcoin Spark offers security to Investors
DeFi projects are fragile since the industry is still new. For this reason, all projects must prioritize their platforms’ security and ensure investors’ funds are safe. Bitcoin Spark is among the networks spearheading financial security for its community members. The project has undergone detailed and extensive audits from leading audit companies in the DeFi arena.
These firms include Vital Block, Cognitos, and Contract Wolf, who have already published the project’s smart contract audit reports for the public to view. Additionally, the project’s founders have undergone KYC scrutiny by Cognitos and Vital Block. The audit reports are publicly available online and on the project’s white paper. The reports indicate that Bitcoin Spark is at the forefront of promoting transparency, accountability, and safety for investors and community members.
The project uses an all-new innovation called proof-of-process. This network validation method is more secure than Bitcoin’s proof-of-work and Ethereum’s proof-of-stake. Bitcoin faces a risk of a possible 51% attack since most of its mining operations are presided over by two mining firms, Antpool and Foundry USA. This makes Bitcoin mining highly centralized and biased, giving large mining firms a better advantage than retail miners. The 51% attack risk exists if Antpool and Foundry USA decide to team up and alter Bitcoin’s blockchain infrastructure on new blocks.
To counter this defect, Bitcoin Spark has greatly reduced the entry barriers associated with mining BTCS tokens. While earrings are directly correlated with work done in Bitcoin mining, Bitcoin Spark’s mining rewards are distributed unbiasedly. The network requires far less computation power, allowing low-processing-power devices to participate in mining BTCS tokens.
Bitcoin Spark will have more miners and validators, reducing the chances of a 51% attack from happening. The mining will occur in software applications the Bitcoin Spark team is developing for Windows, Linux, Android, iOS, and Mac OS operating systems for gadgets and electrical devices.
The project is currently in its ICO stage. The current ICO phase is phase three, which is almost ending. Participants can grab BTCS tokens at discounted prices of just $2 alongside a 12% bonus from the Bitcoin Spark team. With only days left for phase 4 to begin, this could be the lowest price BTCS tokens will sell at.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
