[SPA] SPARTA – A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable.

[John Nathan]

Interesting project. Which countries are you excluding?

[SPARTAcore]

What is a digital signature and where does it come from?

Each transaction contains a unique digital signature that confirms that the transfer was made specifically by the sender, not someone else.

The digital signature is generated from the private key which belongs to the owner of SPA coins and invisible for anyone. The signature is encrypted and attached to the transaction. It is a proof the the transaction is valid and was created specially by the sender.

• It is impossible to counterfeit the digital signature if one doesn't know the private key.
• The private key is generated from a mnemonic phrase which only you know.
• All information uses the cryptographically secure SHA 256 hash algorithm, therefore the digital signature or private key cannot be counterfeited without a mnemonic phrase. This is why it is crucially important to keep it in secret.

[SPARTAcore]

Why are all SPARTA transactions pseudonymous?

As all you need to check the validity of a transaction is its digital signature, all transactions are anonymous More accurate to say they are pseudonymous.

The recipient and the SPARTA network can see only the address of the public key but it is not known who the address belongs to. For instance, Mark sent 1,000 SPA to Lesly. The network shows only their addresses — a set of letters and numbers. No one can see that the sender’s name is Mark or the recipient is Lesly.

Therefore, no one can your personal data unless you say about it. And since anyone can create several wallets, you can make any information confidential.

For example, Lesly knows Mark’s wallet address, but Mark can create a new one and no one will know the new address belongs to him unless he himself tells anybody about it.

[Lucica]

It looks like a fascinating project, And tell me please? What languages will the project support?

[SPARTAcore]

What is the fee in the SPARTA network charged for?

Each transaction in the SPARTA network requires a fee. But compared to bank and other cryptocurrencies commissions, it is the lowest.

The fee is required solely to protect the network from DDoS attacks, unlike in Bitcoin, for example, where the fee serves as a means for miners to generate profit.

Take, for example, Steve, a malicious network user:

• Steve has two addresses in the SPARTA network and transfers coins between them back and forth.
• He endlessly sends 1000 SPA from one wallet to the other one and then back.
• Each transaction is repeated and gets into blocks though all this has no sense.
• Doing so, Steve creates an additional load on the network.
• Having to pay a fee for each transaction, Steve won’t do this.

The fee protects the system from the described attacks. Charging a fee for a transaction is a necessary measure but we make the fee as low as possible so that users just ignore it.

[SPARTAcore]

It looks like a fascinating project, And tell me please? What languages will the project support?

SPARTA will be translated into 18 languages. We are working on it now.

[arsengjan]

Интepecный пpoeкт. Пoжaлyй кyплю ceбe мoнeт в бoльшoй нaдeждe нa pocт.

[SPARTAcore]

What would happen if the SPA price rose so high that people couldn't afford to buy it?
 
To eliminate this problem in the future, the developers introduced Apella at the initial stage. Apella (APL) is the minimum fractional unit of SPARTA; it equals to one 100 millionth (0.00000001).
 
If the dollar and other fiat money is subdivided in one-hundredth (in case with the dollar, the smallest unit is USD 0.01, or a cent), SPARTA is subdivided in 100-millionth.
 
This means people will always be able to buy and use SPA at any rate. Even if SPA price is 1 million dollars for a coin, people will still be able to buy a certain number of SPA for a cent.

[SPARTAcore]

Forecast: blockchain and cryptocurrency market will grow up to $10 trillion within 15 years
 
An authoritative banking specialist predicts the strong growth of the cryptocurrency and blockchain market in the foreseeable future.

A report prepared by the analyst at the Royal Bank of Canada, Mitch Steves, contains data on the possibility of 13 times growth of cryptocurrencies and blockchain applications within the nearest 15 years, reaching the $10 trillion mark. 

According to the author of the report, investors now already must enter directly into the cryptocurrencies. Steves points out that although cryptocurrencies are high risk investments, they offer great opportunities, and for that reason they inevitably turn into a multi-trillion market.

In the reputable banker’s view, blockchain and cryptocurrencies are the future of the global economy. Before long, they will turn into a giant market with the huge financial turnover.

[Vinxent]

Will you build your own power plant or look for partners? And who will be able to offer energy on your platform? For example I buy energy on your platform and where I live without power lines, do you support me to install them?

[SPARTAcore]

SPARTA is now available in 20 languages!

Dear friends, we would like to share some great news with you! From now on, SPARTA website, wallet, videos, whitepaper and other materials will be available in 20 languages!

• English;
• Chinese;
• Russian;
• Japanes;
• Indonesian;
• Thai;
• Spanish;
• Hindi;
• Tagalog;
• Italian;
• Arabic;
• French;
• Khmer;
• German;
• Burmese;
• Turkish;
• Malay;
• Korean;
• Bengali.

Now you can read all information in your native language. Intending to build fair financial relationship with no intermediaries, we strive to unite the world. We hope you will appreciate our efforts.

Regards,
SPARTA Team

[SPARTAcore]

Advice from the SPARTA team: Rules of successful trading on the cryptocurrency exchange

Many want to become involved in trading on the cryptocurrency exchanges. It is for a reason, since thus your income level can be increased considerably. But for the safe trading, you need to know some rules.

• You shouldn’t use all money in one direction - for selling or buying. Cryptocurrencies are a high risk asset, their price changes very quickly. You may go wrong and lose everything.
• You should split assets, in other words, choose several cryptocurrencies in which you are going to trade and keep the money. Cryptocurrencies often unexpectedly fall in price. Both must be taken into consideration.
• To trade on a crypto exchange, you should keep a cool head - without yielding to fervour. Whereas the amount invested in cryptocurrency must be small enough that in the the case of irreversible loss it would not be critically detrimental to your purse.
• If there is a general chat room on the exchange, it is better to disable it and not pay attention to it. Skilled traders often manipulate newbies in a chat room: create panic by causing sell outs or, on the contrary, provoke buying cryptocurrencies at a high price.
• Read the exchange trading rules very carefully, there might be some surprises. The same applied to the registration and verification - which should be treated with the utmost seriousness.

Before you start trading, practice carrying out basic exchange operations using minimal amounts. Go through the whole trading process: from putting the money in the exchange to withdrawing it from the exchange.

The practice is needed to “get the hang of it”, while adapting to an interface won’t hurt too. Then if necessary, for instance, in the case of the dramatic price change, your actions will be fast, careful and infallible.

[lalaland97cute]

Can you give me more information about this? Much better with pictures for a clear description. It should be more interesting, shouldn't it.

[Angel Di]

Интepecный пpoeкт. Пoжaлyй кyплю ceбe мoнeт в бoльшoй нaдeждe нa pocт.

Yes, there is the right general approach perhaps, if you buy all the coins in a small number of projects say 20-30 projects. The main thing that was more or less normal and the idea of ​​working team. Then I think positive result will still be in the future. This project is possible in the future will have good success.

[SPARTAcore]

What influences cryptocurrency price

We are well aware that cryptocurrencies often change in price - one day they fall below all the psychological marks, another day - rise, as experienced traders say, “To The Moon”. Why is it so?

• One of the significant factors is the cryptocurrency users’ reaction to the events that take place around the cryptocurrency market. Many have long noticed that after some positive news the cryptocurrencies price literally skyrockets. 
• Negative news may also affect the price. For example, a hacking theft of Japanese exchange Coincheck early in 2018 led to a sharp drop in cryptocurrency prices, which, possibly, triggered the long downturn in the cryptocurrency market as a whole. Of course, this decline came with a bunch of other negative news.
• In a long-term perspective, the price of cryptocurrencies has been affected by the balance of demand and supply for them. If to observe the price dynamic of the TOP cryptocurrencies since they first emerged, it is possible to see that it has been constantly growing. There are periods of a severe downturn, drastic and prolonged price decline; but cryptocurrencies still become increasingly more expensive from year to year. Therefore investors, who look forward to the long term, have practically no interest in short-term ups and downs of prices.

[SPARTAcore]

Will you build your own power plant or look for partners? And who will be able to offer energy on your platform? For example I buy energy on your platform and where I live without power lines, do you support me to install them?

SPARTA is based on Proof-of-Stake which is why supporting the operation of the network doesn’t require enormous electricity consumption. SPARTA uses an environmentally friendly technology which means conventional computers can support the network. Thus, there is no sense in additional power stations.

[SPARTAcore]

Can you give me more information about this? Much better with pictures for a clear description. It should be more interesting, shouldn't it.

What would you like to learn more about?

[SPARTAcore]

Интepecный пpoeкт. Пoжaлyй кyплю ceбe мoнeт в бoльшoй нaдeждe нa pocт.

Yes, there is the right general approach perhaps, if you buy all the coins in a small number of projects say 20-30 projects. The main thing that was more or less normal and the idea of ​​working team. Then I think positive result will still be in the future. This project is possible in the future will have good success.

Thank you. The SPARTA team is working on the development of the project.

[SPARTAcore]

How does a mnemonic phrase work?

The mnemonic phrase used to access to the SPARTA wallet secures your wallet from malicious attacks.

How a mnemonic phrase works:

A mnemonic phrase, or mnemonic seed is a set of random words, with each of them assigned to a number. A wallet owner needs to know the words only. The mnemonic phrase ensures that you will always be able to restore your wallet

An example of a mnemonic phrase - force silence flight coward silent peace party drink trust weary doom also. This passphrase will work as your login and password to your wallet.

How to store a mnemonic phrase

In the SPARTA network, the wallet itself generates a mnemonic phrase and instructs the wallet owner that it is very important to memorize the phrase and keep it in a safe location, preferably on various media, including printed on paper.. This phrase must be kept hidden in a secure location but one should never forget where this location is.

The best way of storing mnemonic phrases is memorizing or writing them down on paper with pencil. It is not recommended to split up the phrase and store in two different places. Adding random decoy words is also a bad idea. For convenience, you can put your recovery phrase in a new USD driver or a computer that has no access to the Internet. What is really important is to make at least one copy of your mnemonic phrase Why? In case you lose a media, paper, etc., you will always have the opportunity to restore your wallet.

[SPARTAcore]

How to use a cryptocurrency ATM
 
A cryptocurrency ATM is much like the traditional ATM but used for operations with cryptocurrencies.  Since the first cryptocurrency ATMs were created specifically to transact with Bitcoin, the world's first cryptocurrency, they are commonly named as Bitcoin ATMs or Bitcoin terminals.
 
In the future, SPARTA intend to develop its own crypto-ATMs so we would like focus on this topic.
 
What cryptocurrency ATMs are for
 
Cryptocurrency ATMs allow customers to purchase cryptocurrency in an easy and convenient way. Buying cryptocurrencies on exchanges can be a tough part for those having no time and desire to deal with registration and verification stuff. With the crypto-ATM, you can buy a cryptocurrency in no time. A customer must enter his or her wallet address and insert cash then a cryptocurrency bought at the current exchange rate goes directly into the wallet
 
Types of cryptocurrency ATMs
 
There are two types of cryptocurrency ATMs:

• a one way type which allows customers to purchase digital money for cash,
• and  a two way machine used both for purchase and sale of digital money.

With the help of crypto-ATMs, one can easily convert cryptocurrencies into fiat money. Besides, there are multi-functional machines which allow customers not only to buy/sell cryptocurrencies but pay for goods and services and access their account.
 
Some cryptocurrency ATMs are synced with exchanges and allow cryptocurrency enthusiasts to create accounts and complete transactions through exchanges.
 
The number and variety of cryptocurrency ATMs are on the rise. A while ago, with the first cryptocurrency ATMs, all users needed to do to proceed is to enter their phone number. Now, most of Bitcoin ATMs asks their users to scan their wallet QR code or enter a verification code sent to their mobile number to complete the operation. The most advanced machines are equipped with a fingerprint scanner.