Cryptonews News Crypto Exchange Bullish Applies for License in Hong Kong – Can this new Bitcoin Fork list on the exchange?

Crypto Exchange Bullish Applies for License in Hong Kong – Can this new Bitcoin Fork list on the exchange?

Crypto Exchange Bullish, in its strategic pursuit for international expansion, has taken a significant step in applying for a license in Hong Kong, a move that could potentially shape the future of cryptocurrency trading. Digital asset exchange Bullish has a registered office in Gibraltar and has a global presence. Bullish intends to navigate the cryptocurrency market’s complex regulatory landscape.

The expansion of services prompts excitement about the potential opportunities for the new Bitcoin fork, Bitcoin Spark (BTCS), and other cryptocurrencies. Hong Kong Bullish license may come sooner, given the country’s new crypto regime.

What is a Bitcoin Fork?

A Bitcoin fork refers to a significant and deliberate change in the rules or protocol of the Bitcoin blockchain, resulting in the emergence of a new cryptocurrency sharing a common history with the original Bitcoin but operating on a distinct and separate blockchain with its rules and features. The primary motivations behind Bitcoin forks are disagreements within the community regarding the prospects and features of the network. These forks yield new cryptocurrencies that may share some similarities with Bitcoin but with unique characteristics.

A hard fork is an irreversible Bitcoin protocol change, resulting in a divergence from the existing blockchain. As a result, the new blockchain is incompatible with the old one, and the two networks go their separate ways. Hard forks often involve changes to the consensus rules, block size limit, mining algorithm, or introducing new features. Notable hard forks introduced changes to the original Bitcoin blockchain to address scalability or mining centralization. A soft fork is a backward-compatible upgrade to the BTC protocol, introducing changes or tightening rules. Soft forks strive to improve Bitcoin’s scalability, security, and flexibility.

What is a Crypto Exchange?

A cryptocurrency exchange (crypto exchange), a crypto trading platform for various assets listed therein. The crypto exchange serves as a digital marketplace where individuals and entities can buy, sell, or exchange cryptocurrencies for traditional fiat currencies like the US Dollar, Euro, or Japanese Yen. Cryptocurrency exchanges provide a vital infrastructure for the cryptocurrency market and play a central role in facilitating the trading and investment of digital assets.

Cryptocurrency exchanges facilitate trading pairs consisting of two cryptocurrencies, one being traded against the other. For example, the BTC/Euro trading pair allows users to exchange Bitcoin (BTC) for Euros. Crypto exchanges allow users to place orders, including market, limit, or stop-loss orders. Reputable exchanges implement robust security measures, including cold storage for funds, two-factor authentication (2FA), and regular security audits.

Users need to conduct thorough research and exercise caution when choosing a cryptocurrency exchange, as the quality and security of exchanges vary.

Bitcoin Spark (BTCS)

BTCS is a new Bitcoin fork with a difference. It introduces equality and fairness to the crypto space through an accessible entry point via a Bitcoin Spark application. Bitcoin Spark users can participate in its ecosystem effortlessly and mine BTCS tokens using simple devices, including smartphones. BTCS’ mining decentralization employs Proof-of-Process (PoP) that onboards anyone seeking to mine, regardless of computational power or staked amounts.

Mining is made possible through the rental of processing power, which forms a Proof-of-Work rewards base in addition to stake. The reward calculation is per an advanced algorithm employing a non-linear system.

The BTCS ICO at phase five offers investors an exciting 436% ROI at launch while they enjoy 9% bonuses for each purchased order. One BTCS token is $2.50, giving early adopters an affordable entry into a potential 100X project.