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[SPA] SPARTA - A Proof-of-Stake cryptocurrency. Simple. Fast

Postby SPARTA.TOP » Tue May 01, 2018 9:10 am

The SPARTA cryptocurrency relies on blockchain technologies and the Proof-of-Stake concept.

SPARTA's goal is to start a new stage in the evolution of cryptocurrencies and create decentralized, honest, and fair financial relations!

Our slogan is "Simple. Fast. Reliable"
SPARTA is abbreviated as "SPA".

Features and characteristics:

- Smallest possible fee, which changes dynamically
- Forging and Proof-of-Stake, which means you can use an ordinary computer to maintain the network
- Protection against 51% attacks, Nothing-at-Stake attacks, and other malicious plans
- Blocks are generated once per minute
- One block contains 888 transactions
- Network capacity: 14.7 transactions per second
- The total number of coins will be 8,888,888,888 (~9 billion)

Links:

- Official website: https://sparta.top
- Web wallet: https://wallet.sparta.top
- Blockchain explorer: https://blockchain.sparta.top
- Whitepaper: https://sparta.top/whitepaper.html
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Re: [SPA] SPARTA - A Proof-of-Stake cryptocurrency. Simple.

Postby SPARTA.TOP » Tue May 01, 2018 9:46 am

Description of SPARTA's main advantages:
Security


To secure the SPARTA network from attackers, the cryptocurrency uses a host of security techniques. Here are the 4 most important:

Attackers cannot transfer tokens from one account to another in order to boost their chances of creating new blocks. Tokens affect the ability to create blocks only after 24 hours have passed since they were credited (i.e. 1440 blocks have been created).

A transaction is considered safe after it has received 10 confirmations (10 minutes). Thus, an attacker would have to generate 10 consecutive new blocks and simultaneously have an enormous account balance. This situation is likely only if the attacker already possesses more than 90% of all funds in the network, which is virtually impossible.

The SPARTA network is inherently protected from 51% attacks thanks to its use of the Proof-of-Stake concept. Unlike cryptocurrencies that use Proof-of-Work, an attacker cannot create longer chains by out-computing other users in the network.

Attackers cannot resort to Nothing-at-Stake attacks, because the SPARTA network only allows the last 720 blocks of the chain to be altered. Any block placed below this threshold is automatically rejected.
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Re: [SPA] SPARTA - A Proof-of-Stake cryptocurrency. Simple.

Postby SPARTA.TOP » Thu May 03, 2018 7:11 am

Description of SPARTA's main advantages:
Convenience and accessibility for all



The SPARTA website and wallet are as user friendly as possible. The features are simple. Anyone can figure out how to use them. SPA can be exchanged at any time for fiat money through exchanges or trading platforms. You can do this now on the SIGEN.pro platform, BTC-Alpha exchange or through the built-in exchange on our website https://sparta.top/.

So if you want to buy SPA, you can do so in a few clicks. And if you need money to buy stuff, you can easily trade SPA for fiat money or other cryptocurrencies. And you can do whenever you want.

Moreover, the SPARTA network has no social, national, government, religious, political, or gender limitations. It doesn't matter how old you are, what you do for a living, or what your level of education is. You don't need to study at a university, pass exams, or get a license. SPARTA is available to everyone.

SPARTA is used with equal success by people from countries around the world regardless of their gender, nationality, religion, social status, or political views. Cryptocurrency users are a diverse group with entirely different interests and traits. SPARTA equalizes the rights of all users and unites them in what matters most: building free, honest, and fair financial relations.
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Re: [SPA] SPARTA - A Proof-of-Stake cryptocurrency. Simple.

Postby SPARTA.TOP » Fri May 04, 2018 7:10 am

Description of SPARTA's main advantages:
Proof-of-Stake


Bitcoin and most other cryptocurrencies use the Proof-of-Work (PoW) concept. This was the very first technique used, and it happened to bring a lot of issues with it. However, SPARTA uses Proof-of-Stake (PoS), so here this process is called forging, not mining. What's the difference?


In the case with Proof-of-Work, mining requires considerable and expensive computing power as well as huge monthly electricity costs. In search of profits, miners keep buying powerful specialized hardware that costs a huge amount of money. Miners began to pool their powerful resources, thus pushing ordinary people out of mining. This leads to centralization, which cryptocurrency was specifically designed to fight against.

In the case with Proof-of-Stake as a forging tool, the user account balance is used instead of computing power. SPA tokens (coins) are used instead of processors and video cards. Each token is a forging tool. Thus, forging is more convenient and simpler than traditional mining, because a regular computer is powerful enough. As a result, this method is available to ordinary people and does not promote centralization.


In the SPARTA network the probability of creating a new block is distributed among all network participants using a special formula that depends on their addresses balances. The more SPA tokens are in an account, the greater the chances of creating a block and receiving a reward.
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Re: [SPA] SPARTA - A Proof-of-Stake cryptocurrency. Simple.

Postby SPARTA.TOP » Tue May 08, 2018 12:18 pm

Description of SPARTA's main advantages:
Protection against inflation


Nobody can create an unlimited number of SPA. The same can't be said about dollars. There are no printing presses here. National currencies lose 1-20% of their value (sometimes more) each year. But SPARTA, like gold is backed by a limited volume. An arbitrary number of SPA tokens cannot be printed. This protects the network from inflation.

Tokens will be produced solely through the forging process until the maximum quantity of 8,888,888,888 (~9 billion) coins are produced. Then production will cease. This will take place no earlier than 2025.

The cryptocurrency exchange rate is governed only by the market. Because SPARTA has so many advantages over banks and other cryptocurrencies, and because cryptocurrencies as such are constantly becoming more popular, the SPA exchange rate is also expected to grow.

The dollar and other fiat money is subdivided into hundredths (a minimum of 0.01 USD, i.e. one cent), but the SPARTA is subdivided into millionths, i.e. Apella (1 Apella = 0.00000001 SPA).

Thus, people will always be able to buy and use SPA at any exchange rate. Even if SPA coins become worth 1 million USD each, people will still be able to buy a certain amount of SPA for 1 cent.
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Re: [SPA] SPARTA - A Proof-of-Stake cryptocurrency. Simple.

Postby SPARTA.TOP » Thu May 10, 2018 8:41 am

Description of SPARTA's main advantages:
High capacity, fast transactions


Bank transfers may take 3-5 business days. Transactions in SPARTA are instantaneous, and transaction confirmations only take 1 minute.

The transaction is deemed safe after 10 confirmations, or 10 minutes. So, you will have to wait 10 minutes when transferring large amounts.

The network capacity is as follows:
14.7 transactions per second;
888 transactions per minute;
53,280 transactions per hour;
1,278,720 transactions per day;
8,951,040 transactions per week;
38,361,600 transactions per month;
466,732,800 transactions per year.

You can send money anywhere in the world quickly for a minimal fee. By comparison, Bitcoin supports a maximum of 300,000–400,000 transactions per day. SPARTA transactions four times as fast as Bitcoin.
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Re: [SPA] SPARTA - A Proof-of-Stake cryptocurrency. Simple.

Postby Squall1066 » Thu May 10, 2018 12:33 pm

thanks for the sparta updates, I have created a sparta (SPA) section you can moderate if you need, good luck on your project.
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