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

[SPARTAcore]

SPARTA brand colors
Our brand colors are blue and green. Why did we choose these colors?

• Blue is the color of good luck, a symbol of eternity and the sky. It represents loyalty, openness, stability, kindness, and good fortune. It is the color of stability and serenity.
• Green is a blend of blue and yellow. On the one hand, it represents infinite power. On the other hand, it means overwhelming tranquility. Everyone instinctively perceives green as the color of growth, development, harmony, and vitality. It symbolizes peace, progress and safety.

   
We chose these colors because we want to show that people are capable of forging a stable and peaceful future for themselves based on kindness and honesty.

Everyone has a chance to grow without depending on anyone else, to achieve success and manage their own assets. We believe that blue and green represent the beginning of a new decentralized world that is — best of all — just and honest.

[SPARTAcore]

What our logo stands for
 
“S” links directly to the name “SPARTA”.  It also stands for “SUPER”, as in everybody's favorite hero, Superman. Unlike Superman, SPARTA's calling is not to fight villains in the streets, but rather to defeat an unjust financial system and build new financial relations.
 
Moreover, the “S” is inside a circle. The circle symbolizes SPARTA's easy availability and the team spirit among the system's members. This is our way of showing the strength and unity of a decentralized system.

[Hakamoto]

SPARTA will allow technology of cryptocurrency more easily and to become quickly a part of our life!

[SPARTAcore]

Cryptocurrency as a way to make a fortune
 
Most people still have mixed feelings about cryptocurrency today as compared two years back when the attitude toward a new form of money used to be mostly negative. Cryptocurrency is becoming more firmly rooted in our lives, and a lot of people have come to realize that they can make a fortune on digital money.
 
Investing
 
A lot of people focus on high volatility of cryptocurrencies. In other words, their value can collapse, precipitously and very rapidly. However, those regarding cryptocurrencies as long-term investments know that despite price drop in a short period of time, over the long term, the price of cryptocurrencies is constantly on the rise.
 
That is enough to look at the price charts of cryptocurrencies developing over 2-3 years. So in most cases, a long-term investor will win anyway.  Investing in cryptocurrencies is a real way to make profit.
 
Trading
 
People trade cryptocurrencies for a simple reason: to buy cryptocurrency at a low price, and to sell it at a profit. The final coin price doesn't matter for traders - they don't expect the coin to be worth a million.  The make money on the difference between the purchasing and selling price.
 
Trading is a real way to make a fortune as cryptocurrency price can change significantly with each passing hour. Some traders buy/sell cryptocurrencies in one exchange, others buy cryptocurrencies in one exchange, and then sell them in another one because cryptocurrencies have different prices in different exchanges.
 
Cryptocurrencies give us a good opportunity to get rich.  It is an undeniable fact that has been confirmed by a lot of traders over several years.  But one should be thorough and reasonable about making money off cryptocurrencies.

[Cooperto]

It looks like amazon or ebay but a payment is performed with your tokens or I do not understand something?

[SPARTAcore]

Blockchain as an anti-counterfeit solution
 
SPARTA intends to help blockchain technology develop and build fair financial relationship among people.  Counterfeit goods is a serious problem that is prevalent across the globe.  The problem has arisen as a result of a lack of a well-organized quality control mechanism that cannot be circumvented.  Blockchain can solve this problem.
 
What is the problem?
 
Both developed and developing countries have seen many instances of food, medicine and auto parts fraud, which poses as one of the biggest issues threatening consumers’ health and life. According to Walmart, the largest American retail corporation, in 2006, contaminated spinach killed 5 people and sickened 205 others in the USA. In Russia, where counterfeit car parts reach 50% in the market, fake automotive parts are responsible for an uncountable number of accidents. There are numerous examples worldwide.
 
What is the solution?
 
IBM Research predicts that blockchain technology will solve this problem within 5 years.
 
Wlamart is conducting a pilot program applying blockchain to trace a package of mangoes. It would take more than a week to collect data of authenticity of mangoes, using traditional methods. With blockchain technology, the process of tracing all supply chain is reduced to seconds. Blockchain takes to trace mangoes in the farm where farmers insert the data of the package in the mobile application Blockchain will track products at every step of the production and sales process.  The information is made available to anyone. As once recorded, the information on the blockchain cannot be altered. It means no one will be able to avoid responsibility or shift the blame onto others.
 
Thus, blockchain can track and verify authenticity of any product, not only food. On top of it, it will exclude smugglers and illegally produced goods from supply chain, which in turn will win back a profit for fair businesses.

[SPARTAcore]

It looks like amazon or ebay but a payment is performed with your tokens or I do not understand something?

SPARTA can be used as a payment system to make transfers using SPA coins. Learn more on our website https://sparta.top/about-sparta.html

[Nicolerxj]

Seems an interesting idea and a brave move to deploy a dividend paying token in a context of trading platform.
egretia

[SPARTAcore]

Mempool and transaction processing
 
The mempool is a holding area for all the pending transactions that are awaiting approval by a cryptocurrency miner. It is a kind of center accumulating all unconfirmed transactions and arranging which of them will get confirmed first and which one will be the next.
 
How it works
 
All nodes in the network have a different capacity to store unconfirmed transactions. Every new transaction is automatically added to the mempool, where it awaits confirmations from miners Once cryptocurrency miner picks it up and includes it in the next block, the transaction gets confirmed and leaves the mempool for its final destination.
                                                                                                                      
If the network is not overloaded miners confirm transactions in the order they are registered. It doesn't take much time. But when the mempool is overloaded, miners will include a transaction with a high fee rather than a transaction with a much lower fee.  It turned out to be a big problem for Bitcoin and other cryptocurrencies at the end of the last year, when Bitcoin transaction fee reached a high of around $40.
 
Why did it happen? The surge in fees was a matter of bitcoin's price growth in 2017 which caused the overload of the network.  The demand for cryptocurrencies was so high that the networks couldn't cope with the overload.
 
SPARTA mempool
 
As for SPARTA mempool, the network can processe over 1,278,720 transactions per day, which means you can send money anywhere in the world quickly for a minimal fee. It is a matter of high network capacity, which is a lot higher than the one in the Bitcoin network.
 
A new block including as many as 888 transactions is generated each minute (10 times faster than in Bitcoin) which allows SPARTA avoid the network overload and surge in fees. SPARTA can process transactions instantly even in the event of increased load.

[SPARTAcore]

Can the Blockchain Technology Ensure Election Fairness?
 
Election fairness is a pressing issue in many countries. Candidates try to use a variety of ways to manipulate the voting meaning that elections are quite often biased.
 
SPARTA intends to develop the blockchain technology and build fair relationships between people — with no intermediaries. Let's have a look at how the blockchain can solve the election problem.
 
Blockchain-powered elections = no fraud + transparency
 
The problem is that the main idea behind the elections hasn't changed for a long time: voters come to a voting station, make a mark on a piece of paper and cast this ballot into a special box. Voting may be rigged at any stage of the process. Voters may also be intimidated or forced to provide proof they have voted the “right” way.
 
After ballots are collected, voters have no knowledge of and no way of knowing what happens next. They are simply presented with the ultimate result and cannot make sure vote counting is fair. Election observers and CCTV are of little help if someone has set out to deceive the voters.
 
The only right choice in this case is eliminating the very possibility of unfair elections.    Blockchain can be used to do just that as it has two fundamental characteristics: transaction irreversibility and unhackable nature of the block sequence.
 
How will blockchain-powered elections unfold?
 
Blockchain-based elections could proceed as follows:  citizens are provided with special unvalued coins by the election commission. This is a special ballot. A voter will transfer this coin to the account of the candidate they trust. No one can interfere with the blockchain at any stage, a vote cannot be recalled, double voting is out of the question. At the end of the election, the blockchain network reveals which candidate has the highest score. Fraud and election rigging is out of the question due to the technical characteristics of blockchain rather than to the sudden honesty of election commission members.
 
Most importantly, voting is truly anonymous.  Not even members of the election commission can find out who voted for who — blockchain experts have had great success in ensuring transaction anonymity, and using their expertise for election purposes shouldn't be a problem.
 
By buying and promoting SPARTA, you're making a contribution into developing the blockchain technology and cryptocurrencies in general. Our mission is helping people. We will regularly publish similar articles about how blockchain and SPARTA can change the world.

[SPARTAcore]

What is Halving in the Cryptocurrency Network?
 
Miners are rewarded with newly created coins for network support and maintenance. Coins are awarded to the miner who creates the block. The reward is fixed — miners earn a certain amount of coins for each created block.  In the SPARTA network, this amount currently equals 8,000 coins per block.
 
However, to protect the network against inflation, the amount of coins released is cut precisely in half over time.  It also means that the reward miners receive for block generation also falls by 50%.  This process is dubbed “halving”.
 
Halving in Bitcoin and SPARTA
 
Thus, the bitcoin network has already experienced two halving events — in 2012 and 2016.   Initially, miners were paid 50 BTC per block, but in 2012 this amount went down to 25 BTC, and in 2016 — to 12.5 BTC.  The next halving event in the bitcoin network is scheduled for 2020 when the reward drops to 6.25 BTC.
 
However, the ever-growing price of bitcoin keeps miners' earnings high, despite halving.  Halving is largely responsible for the rising price since less new coins are released into circulation, thus becoming more valuable. 
 
 The SPARTA network will use halving, too.  The first halving event will happen after 4 bln coins are mined.  The second halving event will follow mining of 6 bln coins.  Currently, the number of SPA coins is a little over 2 bln.
 
For a complete table, please go to https://sparta.top/about-sparta.html

[SPARTAcore]

Tips from SPARTA:     
Inheritance Planning for Cryptocurrencies
 
Unfortunately, life is unpredictable and nobody's insured against a sudden death — even if it sounds harsh. There's already been a lot of cases when people died in accidents, and their next of kin couldn't access cryptocurrencies owned by the deceased because they did not know private keys to wallets or passwords on cryptocurrency exchanges. Consequently, a lot of coins are simply lost forever.  This issue is just as burning with SPARTA.
 
Does it mean that private keys and passwords must be deliberately communicated to the family?
 
We certainly don't imply you must do just that — your keys and passwords must remain confidential, after all. Life presents us with various situations, and sometimes we have to be wary of the people closest to us. Summing up, in this case the owner of cryptocurrency is the only person making the decision as to whether they can trust their family or not.
 
What would be the right thing to do?
 
We believe that today, when the blockchain technology hasn't yet become ingrained in our everyday lives, the most sensible options would be:
 

• Note down your cryptocurrency access data on paper.
• Store it in a secure safe or a safe-deposit box.
• Hold on to the key to the safe or the safe-deposit box.
• Give directions to the bank to grant access to the safe-deposit box to you and designated persons only. It ensures strangers cannot access the vault even if they could get hold of the key.
• Make a will and leave it with a trusted person:  attorney, notary, etc.
• Attach the key to the safe or the safe-deposit box to the will.

Why are these options the most sensible today?  It's because most countries have not yet introduced legal regulations for cryptocurrencies, with their status still uncertain. This is why your family may encounter legal issues if there is no will. Hacking into the system is impossible — no one will be eager to do it meaning that all savings in cryptocurrencies will just remain on the accounts of the deceased. Therefore, it wouldn’t hurt to have a safety net in the form of a will if you want your coins to be inherited by your family upon your demise.

[SPARTAcore]

Viewing SPARTA's Blockchain   
 
SPARTA, just like any other cryptocurrency, is based on the blockchain technology.  Blockchain is a unified data register or a huge ledger that records all network transactions. This register cannot be forged or hacked because all transactions are inseparably associated. Changing a single transaction would result in changing the entire block which will be rejected by the blockchain in this case.
 
SPARTA's blockchain is open to the public
 
All blockchain transactions are anonymous: personality of a transfer sender/recipient cannot be identified unless they declare their involvement in a specific financial transaction.
 
Nonetheless, anyone wishing to do so may view information about any transaction completed in the SPA network:  amount, date and time of the transaction. Moreover, the blockchain may be used to view information about any wallet: the overall balance, payments sent and received, with respective amounts and dates.  Information about the balance and transaction amounts is denominated in SPA, as well as converted to BTC and USD based on the current exchange rate.
 
Thanks to the blockchain transparency, any user of the SPA network can make sure the completed transfer was correct and received by the recipient. 
 
Using SPARTA's blockchain
 
Using SPARTA's blockchain is simple and easy. For instance, you would like to view information about a specific transaction. To do this, navigate to the “Blockchain” tab from the SPARTA's website home page — you will see a button in the right upper corner.
 
Here’s a direct link to SPARTA's blockchain: https://blockchain.sparta.top/
 
Enter transaction number in the “Search” field and press the blue button to start the search. On the page that opens, you will see information about the completed transaction: what wallet the transfer was made from, when it happened and how much was transferred. You will also see the number of transaction confirmations.
 
You can also obtain information about any wallet, block, hash, etc.    
 
As you can see, it's as easy as ABC. In a matter of seconds, you can view information about any transaction or any wallet in the SPARTA network. Benefit from this opportunity to take notice of all things you're interested in!

[SPARTAcore]

Cryptocurrencies and the Blockchain Spreading Globally! 
 
No matter what they say, cryptocurrencies have already become a part of modern life — we must accept this fact.
 
No matter how hard governments and central banks resist progress — it will prevail. One way or another, cryptocurrencies and the blockchain will take their rightful place in various areas of everyday life. Even now, they have been accepted and are being used all around the world. Here are a few outstanding examples:
 

• The biggest manufacturer of household appliances and electronics Samsung Group is currently manufacturing bitcoin mining equipment — moreover, it also mines the “digital gold”. Consequently, the company is interested in the rising bitcoin price and is well-placed to influence, or support, the cryptocurrency market. The mere fact of this powerful giant supporting cryptocurrencies may have a positive impact on their global reach and strengthening.
• The Republic of Venezuela became the world's first country to launch a national cryptocurrency — El Petro. The republican government intends to use it to boost the national economy and overcome the crisis — and it's quite possible. Many countries have supported this innovation by the Venezuelan government, with some even planning to follow the lead.
• The leader of the Irish real estate market — Hagan Homes — has started to accept payments in bitcoins for its services. The company's COO said cryptocurrencies were a new type of money gaining recognition all over the world. Therefore, they had to keep up with the times and support promising trends.
• Ubisoft, the giant in the gaming industry that presented the world with such famous gaming series as Far Cry, Assassin’s Creed and Watch Dogs, plans to use the blockchain technology in its future operations. Most importantly, this technology will help this group of companies protect its products against numerous pirates who have been making illegal copies and distributing its games without a license.

This suggests that cryptocurrencies and the blockchain technology have been eagerly accepted by the forward-thinking sector of the world community and are not going anywhere.  Well, we can't but rejoice — we're witnessing the future changing for the best!   
 
Bear in mind that by buying and using SPARTA you support the blockchain technology. SPARTA's mission is building financial relations with no intermediaries.

[SPARTAcore]

SPARTA Building Financial Relations with No Intermediaries. Why Do We Need This?      
 
The existing financial system is unjust. Why? It's because it operates in the way that allows bankers to cash in on common people, i. e. you.
 
How can they do that?
 
It's simple. Banks act as intermediaries in financial transactions between people. They charge fees for doing this — virtually for anything they do — and the fees are quite big.  Making a transfer — pay the fee. Receiving a transfer — pay the fee. Sending money abroad — pay even more. Withdrawing cash from an ATM — pay again.
 
This is how banks make a fortune — basically, out of thin air.  Is this fair? Of course, not!   Why should you give your money to the bank if you could spend it on yourself, your family or charity?
 
The existing financial system is based on trust which is a disadvantage.
 
When you make a transfer via a bank, you actually have to trust strangers — intermediaries represented by bank employees who have access to your sensitive information and can just steal your money if they want to. For instance, they might send it to another account and skillfully “cover their tracks”. Human factor is always risk-related — a bank employee can make an unintentional mistake and lose your money.
 
SPARTA can solve both problems!
 

• If you transfer money via a bank, you will have to pay at least 1% of the transfer amount depending on the bank's terms and conditions. If you transfer any amount via SPARTA, the fee is just 1 SPA even if the recipient is half the world away. Moreover, the fee is dynamically reduced, i. e. as the SPARTA price rises, the fee will go down to always remain minimal.
• By making transfers via a bank, you put your trust in third parties — intermediaries — and risk your own money. There are no intermediaries in the SPARTA network meaning that there's no risk of being scammed or falling victim to a mistake by a bank employee. Thanks to the mathematical algorithm and the blockchain technology, transactions cannot be forged, hacked or redirected to another recipient.

These are just two advantages of the SPARTA network over banks — in reality, there's more.  We'll tell you about the other advantages in our future posts.
 
Use SPARTA — be successful!

[SPARTAcore]

Do Not Confuse SPARTA with Other Projects Having a Similar Name
 
There are frequent cases when SPARTA is mistaken for other projects, which are scams or not working. In chats or feedback messages, you often send us links to various websites which have nothing in common with us.
 
The SPARTA project is actively developing. It has never been a scam.
 
The only official website of the SPARTA cryptocurrency is https://sparta.top/.
 
All other websites with similar names are not connected in any way with us. This is just a confusing similarity in name with other projects.
 
The SPARTA cryptocurrency is not a scam but a progressive project with great potential and a range of opportunities for its users. Now, we are at an early stage of our development, but over time we will do our best so that SPARTA would rank among the top 100 cryptocurrencies.
 
For more information about SPARTA, its advantages, future plans and earning opportunities, go to our official website https://sparta.top/.

[SPARTAcore]

Mass media deliberately place too much focus on crypto-related crimes
 
Banks and governments are wary of cryptocurrencies and do everything in their power to discourage people from using virtual money. You must have come across articles about cases of people being robbed of cryptos at gunpoint, the ones kidnapped and demanded a ransom in cryptocurrency, or hackers' ransomware attacks making thousands of dollars.
 
By publishing this kind of frightening information, media create a negative image of digital money making people think that cryptocurrency can endanger life. Why are they doing so? Mainstream media are under control of the existing financial system, which is not interested in creating a new fair one.
 
Let us look at this from another perspective
 
Are there few crimes like robbery, blackmailing, kidnapping which relate to fiat money--dollars, euros, pounds or rubles? No, there aren't There are million times more. Despite the recent increase in the rate of crypto-related crime, cases of fiat crime are still more prevalent.
 
Crimes had existed long before cryptocurrencies emerged. Therefore, we shouldn't accuse cryptocurrency of all sins. We must admit that with or without cryptocurrencies, crimes have always been and will always be. What we see now is deliberate mispresentation of cryptocurrencies in order to keep them from mass adoption. The point is that cryptocurrencies, including SPARTA, are building a new financial system which will be not in favor of existing governments. Draw your own conclusions.

[Zyabliki]

Tell me, at what stage is the project now? the token is traded on exchanges, what is the price for the token? If so, on which? where information about the team?

[tippytoes]

What is the circulation and total number of coins? Also how do you get the initial coins?

As of the writing of this reply, there are a total of 1,037,056,888 SPA. You can always view the latest value on the website sparta.top.
All tokens will be traded on an exchange soon.

Unlike the first sparta-related project. They only have 300 coins. And this one is in billion supply. I wonder how long it will survive here.

[mathedwrd]

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.