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

[SPARTAcore]

Description of SPARTA's main advantages: Blockchain technology

The SPARTA cryptocurrency is built on blockchain technology. This is an enormous ledger that is available to everybody and that cannot be altered. It contains encrypted information about all transactions in the SPARTA network.

A blockchain consists of a chain of inseparable blocks (the pages of this enormous ledger). Each block contains transaction information. Each transaction is verified before it is added to the blocks. In other words, a block represents a group of several transactions.

Moreover, each block always links to the previous block. This means that each block contains encrypted information about the previous block, which means that it cannot be replaced or counterfeited. If an attacker tries to somehow replace an already-confirmed block in the middle of the chain with another block, the blockchain simply will not accept it. Why? Because it will always be different than the block that is being replaced and to which all other blocks are linked.

In the SPARTA network, a new block consisting of 888 transactions is created each minute. Accordingly, it takes one minute to confirm a transfer in the SPARTA network. During this time, the transaction is verified and added to the blockchain.

The SPARTA network is decentralized and new blocks are created by the users themselves. The block information is available to everyone. The blockchain technology makes it easy to verify the authenticity of each payment, and cryptocurrency cannot be counterfeited or hacked. Furthermore, governments and corporations cannot influence the operations within the system.

[John Nathan]

I am interested in this project as well after reading the available information on page first. Total maximum supply also is promising if all the tokens get sold.

[henjhou]

After i am read this information, i become know,this project simple but very easy for undertand how to a prooft stake crytocurency. i think this good. thank you.

[SPARTAcore]

Description of SPARTA's main advantages:
Transfers at any time to any part of the world

Unlike bank transfers, operations with cryptocurrencies are executed 24 hours a day, 365 days a year. You decide for yourself when, to whom, and where to send money. There are no limitations here.

With the SPARTA cryptocurrency, you manage your own funds. There is no need to ask your bank for permission to use them. Nobody can freeze your account or block a transfer to someone from a particular country or region.

Suppose that in the middle of the night Ravi from India wants to make a transfer to his friend Ben in Australia:

With fiat money, Ravi would have to wait until morning, go to the bank, stand in line, fill out forms, pay a huge fee (likely at least 10% of the transfer amount), and then wait 3-5 business days for Ben to get the money.

With SPARTA, in the middle of the night Ravi can immediately send SPA tokens, which Ben will receive after 1 minute.

So if you need to send money to someone in another country, you can do it quickly, without paying huge fees, and without filling out piles of forms.

[AbbyS]

Is it different from the SPARTA that published here before but the ANN got deleted or is it the same and your just created a new thread?
The first SPARTA has an ICO plan but later on they cancelled their ICO and distribute the tokens for free thru an undisclosed way of getting some free coins. (or maybe i'm just unaware of how they distribute their free tokens)

this is a knockoff
first SPARTA is an accelerator http://spartaico.com/

[SPARTAcore]

Description of SPARTA's main advantages:
Always the smallest fee

A fee must be paid on each transaction. But this fee is insignificant compared to bank fees and the fees that apply to other cryptocurrencies. It is purely symbolic and only necessary to protect the network from spam transactions unlike, for example, the Bitcoin fee, which serves to enrich miners.

For example, suppose there's an evil user named Steve. Steve has 2 addresses in the SPARTA network, which he uses to move coins around. He transfers 1000 SPA from the first wallet to the second wallet. Then he transfers the coins from the second wallet to the first. And so on forever. Each transaction is verified and added to the blocks, but this behavior is entirely pointless. And thus Steve is simply creating an unnecessary additional load on the network. Thus, the fee discourages Steve from doing this, since he will have to pay for each transfer from one address to another. The fee also protects against similar attacks.

The network fee does not depend on the transfer amount or the user's location. The fee is the smallest possible and changes dynamically as time passes. The SPARTA network will always maintain the minimum possible fee for users.
For example, the current fee is 1 SPA. At the current USD exchange rate, this is less than 1 cent. But suppose that the SPA exchange rate grows significantly in time and 1 SPA is worth several dollars. In this case, SPARTA will simply lower the fee to, for example, 0.001 SPA, so that the fee is still no more than a few cents.

[sacsweccallde]

This is a  project with potential.

[SPARTAcore]

Is it different from the SPARTA that published here before but the ANN got deleted or is it the same and your just created a new thread?
The first SPARTA has an ICO plan but later on they cancelled their ICO and distribute the tokens for free thru an undisclosed way of getting some free coins. (or maybe i'm just unaware of how they distribute their free tokens)

this is a knockoff
first SPARTA is an accelerator http://spartaico.com/

This is an entirely different cryptocurrency that has no relationship whatsoever with any past attempts to launch SPARTA. We are not launching an ICO and do not plan to do so.

[saobang1938]

Potential
I want to know if the feature is working or not yet

[SPARTAcore]

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.

[SPARTAcore]

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.

[SPARTAcore]

What is a transaction?

Transactions are the only way SPARTA addresses can alter their balances. Each transaction performs a single function. A record of the transaction is permanently stored on the network once it has been included in a block.

In short, a transaction is transfer of SPA from one address to another. When a SPARTA network participant carries out a transaction, it gets into a transaction pool along with all other new transactions of network participants.

All SPARTA transactions are considered unconfirmed until they are included in a valid network block. When a block with a transaction is included in the blockchain, it becomes a transaction with one confirmation. As a rule, once the transaction has been sent, it goes from the pool immediately to the block. As blocks on the SPARTA network are created every minute, in most cases a transaction needs only 1 minute to get the first confirmation.

As subsequent blocks are added to the existing blockchain, each transaction receives new confirmations from each of the added blocks. On the SPARTA network, each transaction is deemed safe after 10 confirmations. If for some reason the transaction is not included in the block before its deadline (24 hours), it is removed from the transaction pool.
For more information about transactions see our Whitepaper.

[SPARTAcore]

Is there a risk of faking SPARTA transactions?

SPARTA network operates in such a way, that it is just impossible to fake any transaction. Each of them has a unique digital signature. And any attempts to commit any fraud, such as sending two similar transactions, will be terminated. Transactions created as a fraud simply cannot be accepted by the blockchain.

For example:

Mark transferred 1000 SPA to Lesley.

When Mark made the transaction, there was an automatic signature of Mark attached, which proves that SPA were sent by him. Such transaction can be accepted by the blockchain.

But here come evil user Steve and tried to fake a transaction by indicating that Mark sent 1000 SPA not to Lesley’s wallet but to Steve’s. But to the disappointment of Steve there was no a unique signature of Mark attached to that transaction, and  blockchain simply denied it.

There is a theoretical possibility of the SPARTA network attacking with the purpose of repeating of the transaction, to return coins to another address, but after going through 10 confirmatons to succeed with any attack aimed to transaction editing will be just impossible. In other words, if a transaction has 10 confirmations, it can not be repeated. It is considered to be safe and complete.

[Silasa]

Best project in all ICO. I hope boom in future

[SPARTAcore]

How SPARTA wallet can be created, how to login and check the balance?

With help of the wallet you can store coins and make transactions at the SPARTA network.

• To create a wallet, go to the website https://wallet.sparta.top/;
• Click the Create a Wallet button;
• Select the level of complicity (length) of the mnemonic code (for example, 128-bit) and click the button “Generate”. The more bits you are to select, the longer phrase will be and your wallet will be more protected;
• You should copy and save the generated phrase at a safe place. It is advisable that you memorise it and write down on a piece of paper. This phrase will be both your login and password;
• Click the I Saved the Phrase button and you will be logged in to the wallet.

In future this same phrase you should use for login to the wallet at the page https://wallet.sparta.top/.

• At the wallet, under the Balance line there is shown your balance in SPA and approximate amount in other currencies/cryptocurrencies;
• Next to the Address line you will see your address at SPARTA network. It looks like this: SPA15g5hhBADZv9ufRLmc.

At your wallet you can keep unlimited amounts during unlimited period of time.

[IluminumProject]

Is this Project still moving forward?

[SPARTAcore]

Is this Project still moving forward?

Sure. The SPA team is working on the project.

[SPARTAcore]

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.

[SPARTAcore]

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.

[SPARTAcore]

How to send SPA?

Sign in to your wallet at https://wallet.sparta.top/

Click “Send”. This will open a special form for sending SPA.

Specify the following data in the relevant fields:

• the recipient's SPA address,
• the transfer amount,
• the fee amount (the recommended amount is 1 SPA).

Click the blue “Send” button.

The recipient can spend the SPA immediately after you make the transfer. (the transaction gets 1 confirmation).