SPA = BTC0.00

Frequently Asked Questions

Why do I need SPARTA cryptocurrency?

SPARTA cryptocurrency is a convenient decentralized payment system that does not depend on banks or governments. Cryptocurrency is digital money that works based on cryptography, the science of information encryption.

You can use SPARTA for fast financial transfers with almost zero fees to anywhere in the world. SPARTA creates new decentralized financial relations among people — truly honest and fair.

You can also earn by:

  • Investing;
  • Trading on exchanges;
  • Forging, i. e. by mining cryptocurrency independently.

For more information about cryptocurrency and features of SPARTA see “About Cryptocurrency” section

Who created SPARTA and when?

SPARTA was created in October 2017 by a team with 3 years of cryptocurrency experience and 6 years of project management experience. The team is united behind the idea of creating a new society of free and happy people.

What is the official website of SPARTA?

SPARTA cryptocurrency has only one official website - sparta.top.

Why was SPARTA created?

Our goal is to begin a new stage in the evolution of cryptocurrency. SPARTA will let cryptocurrency technology more easily and quickly become part of our lives in order to create new financial relations that are decentralized, honest, and fair. This is the future we see!

SPARTA and blockchain have infinite potential. With its clear advantages, SPARTA technology will bring cryptocurrency to a whole new level. All of its benefits, convenience, and simplicity make it easy for everyone to use virtual money. Using SPARTA, people get an opportunity to be independent of banks, earn easily from home.

In time, people will recognize SPARTA cryptocurrency’s advantages over conventional money and will begin to use it widely. As a result, financial relations in society will change radically and become honest and fair. Accordingly, the whole world will become honest and fair. This is the ultimate goal we are pursuing.

Who can use SPARTA?

The SPARTA network audience is incredibly wide as any computer owner with the Internet access can use cryptocurrency.

The SPARTA network does not distinguish users by social, national, state, religious, political and gender distinctions. The network is equally successfully used by people from all over the world, regardless of their gender, nationality, faith, social status or political views.

SPARTA equals rights of all users, joining them in the key aspect — building free, honest and fair financial relations. So you can use SPARTA without any problems, wherever you are and whoever you are.

Where does SPARTA come from?

Since cryptocurrency does not belong to any state, companies or banks, it is mined and its security is supported by users themselves through installation of the special software. Any user can mine SPARTA.

Is it legal?

SPARTA does not violate any international laws. So if cryptocurrency is not banned in your country, you may use it. We call to comply with the laws of the country of your residence.

Why is using cryptocurrency more profitable than using banks?

  • Cost-effective transactions anywhere on the planet. Transaction fees are several times less than bank fees and do not depend on the amount of transfer or the location of the user. You transfer money to anyone from anywhere in the world with the minimum fee.
  • Convenient. Unlike bank transactions, cryptocurrency transactions are carried out 24 hours a day, seven days a week. You decide when, to whom and where to send your money.
  • Instant transfers. Bank transfers take 3–5 working days on average. In most cases, the speed of transfers via SPARTA is one minute.
  • Protection against inflation. National currencies depreciate annually by 1–20% (sometimes more). SPARTA is backed by a limited number and protected against inflation. Cryptocurrency has its own exchange rate that is regulated by the market.

So, if you need to send a certain amount to a person in another country, you can do it quickly, without paying huge fees and filling out a bunch of documents. You simply specify the wallet number, the amount and click the button, the recipient will get the transfer in a minute.

How many SPARTA coins will be mined?

The total number of SPA coins will be 8,888,888,888 (~9 billion).

How many transactions can the SPARTA network process?

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.

For reference: maximum of 300–400 thousand transactions per day can be made through Bitcoin.

What are the advantages/distinctions of SPARTA from other cryptocurrencies? Which of the PoS, PoW or hybrid technologies does SPARTA use?

SPARTA has many advantages over other cryptocurrencies: high network capacity, security, worthwhile reward for forging, etc.

However, the main difference is the application of the Proof-of-Stake technique, instead of Proof-of-Work which is used in the vast majority of other cryptocurrencies such as for example Bitcoin.

The Proof-of-Stake technique is unique in that SPARTA users do not need to have powerful computer stations in order to maintain the network security and get rewarded, it is sufficient to have an ordinary computer. As a result, this method is available to ordinary people and does not promote centralization.

In the case with the Proof-of-Stake technology 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 resource.

Unlike other few cryptocurrencies that use the Proof-of-Stake method, during SPARTA forging (mining) the participant is rewarded with fees and, subject to certain conditions, with newly created coins, like in Bitcoin. That is, SPARTA users can mine new coins on ordinary laptops.

For more information about features and advantages see our marketing kit.

What is the mechanism of transfer from one account to another? 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 need 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 isremoved from the transaction pool.

For more information about transactions see our Whitepaper

Can a fraudulent transaction be created? Can money be withdrawn from the account more than once by copying the transaction?

No, each transaction has a unique digital signature. Two identical transactions cannot be accepted by the blockchain. There is a theoretical possibility of an attack on the SPARTA network to copy a transaction, but after 10 confirmations any attack with the purpose to change the transaction will be simply impossible. In other words, if the transaction received 10 confirmations, it cannot be repeated. It is deemed safe and completed.

Can a miner or unscrupulous participant on the SPARTA network change/fake a transaction?

No, each transaction contains a unique digital signature. If a fraudulent transaction is sent, it will be rejected by the network and not accepted by the blockchain.

Can I delete or edit an incorrect transaction?

No, it is not possible. One of the blockchain unique features is that transactions that have already been sent cannot be changed, this is done for security reasons. So before sending a transaction, carefully check the transaction details.

Is using SPARTA safe?

SPARTA uses the blockchain technology, therefore all transactions are stored on the SPARTA network. Cryptocurrency cannot be counterfeited, payments cannot be reversed.

In addition, the SPARTA network is protected against attacks on the blockchain:

  • Malicious users can not transfer tokens from one address to another in order to get more chances for creating new blocks. Tokens affect the ability to create blocks only one day after they have been credited (1,440 blocks).
  • The transaction is deemed safe after 10 confirmations (10 minutes). Thus, when attacking a network, an attacker needs to create 10 new blocks in a row, the cumulative complexity of which is higher than that of the main chain. Such situation will be highly probable only if the attacker has more than 90% of all the network tokens, which is impossible in real life.
  • The Proof-of-Stake technique ensures that the SPARTA network is 51% protected from attacks by default. Unlike cryptocurrencies using Proof-of-Work, the scammer with higher power than that of the other network users can not create longer chains.
  • Scammers cannot resort to Nothing-at-stake attacks, because the SPARTA network allows to change only the last 720 blocks of the chain. Any block submitted at a height lower than this threshold is automatically rejected.

For more information about technical characteristics of SPARTA and the network operating principle see our Whitepaper.

What digital signature algorithm does SPARTA use?

Each block on the chain has a generation signature parameter. To participate in the block creation process, an active address cryptographically signs the generation signature of the previous block with its own public key. This creates a 64-byte signature, then a hash is attached to it using the SHA256 secure hash algorithm.

What do I need to start earning?

Your age, profession, education do not matter. You do not need to study at universities, pass exams or obtain licenses. You simply start and earn money. A computer and a good head on your shoulders is all you need.

How do I make money by forging and how much can I earn

Anyone has a possibility to earn SPA by forging independently. To start forging, you only need a wallet with a minimum number of tokens and a special application to be installed on your computer.

  1. You must create a SPARTA wallet and add SPA tokens to your account. A minimum of 888 tokens are required to start forging. The more tokens you have, the more chances you have to create blocks and receive rewards.

    • If you have between 888 and 999,999 SPA (inclusive) in the account, you receive only the sum of the transaction fees.
    • If you have 1,000,000 SPA or more in the account, you are also awarded newly created SPA tokens.

    Create a wallet

  2. Complete an outbound transfer. This is necessary to display your public key in the SPARTA network. You can even generate an additional address and send the tokens to yourself. The important thing is that you complete an outbound transfer for any amount. You can only begin forging after this transaction has received at least 1440 confirmations.

  3. You must run a special application on your computer. After the application is started, it automatically begins supporting the SPARTA network. When a block is created, the miner receives a reward. This process is automatic. All you need to do is to run the application which will earn SPA tokens for you.

    Download application

    How to use a new application?

The reward for a block changes dynamically depending on the total number of blocks created (total elapsed time).

PeriodNumber of blocksNumber of coinsBlock Reward
Premine0888,888,888-
1500,0004,000,000,0008,000
2500,0002,000,000,0004,000
3500,0001,000,000,0002,000
4500,000500,000,0001,000
5500,000250,000,000500
6500,000125,000,000250
7500,00062,500,000125
8500,00062,500,000125
Total4,000,0008,888,888,888-

According to the table, the initial reward block will be 8,000 SPA. Then, it will become 4,000 SPA after a certain period of time, and so on.

Enjoy SPARTA forging and create a new decentralized financial future. Simply, remember the example of Bitcoin: in 2009, 1309 BTC could be purchased for 1 USD. Now, 1309 BTC are worth millions.

For more information about forging see “Earning opportunities” section

How do I start investing?

SPA has its own exchange rate that is determined by the market. SPARTA is a state-of-the-art cryptocurrency that is much faster and more convenient than other cryptocurrencies. Accordingly, it is considered extremely promising and might be more expensive than other cryptocurrencies. SPARTA cryptocurrency is both convenient and profitable to use.

By investing, you can make money in three steps:

  1. Buy SPA coins at the current exchange rate.
  2. Wait for the rate to go up.
  3. Sell SPA coins (including fractional amounts) at a higher price than you bought them.

Practice has shown that long-term investments in cryptocurrencies are more profitable than short-term investments.

How do I make money by currency trading?

  • When the rate goes down, you buy cryptocurrency.
  • When the rate goes up, you sell it at a profit to other people.

In fact, this is similar to stock trading, but it’s available to everyone. Instead of stocks, you trade SPA coins. There are a lot of manuals and useful videos online about cryptocurrency trading. Anyone can become a trader and make good money.

List of exchanges:

SIGEN.pro btc-alpha.com

How much does SPARTA cost?

The current SPA exchange rate can be seen on home page of our website or on specialized cryptocurrency websites, cryptocurrency exchanges, etc.

How do I buy/sell/exchange SPA?

You can buy or sell SPA in the same way as other cryptocurrencies: on exchanges where trading pairs with the SPARTA cryptocurrency are available, or on electronic exchange platforms where the desired exchange is available. You can exchange SPA for fiat money or other cryptocurrencies.

List of exchanges and exchange platforms:

SIGEN.pro
btc-alpha.com

How do I create and send transfer?

It is simple and easy to do: In a special form in your wallet fill in the recipient’s name, the transfer amount, the fee and click the “SEND” button.

What is the fee for transfer and what is it charged for?

Using SPARTA, you pay a minimum fee for transactions. The initial fee is 1 SPA coin per transaction. Unlike other cryptocurrencies, the fee in SPARTA is dynamically variable to remain the lowest. The fee was introduced to protect against DDoS attacks on the network.

How long is the process of transfer?

In short, transfer is instant, however, it takes 1 minute to confirm your transaction. The transaction is deemed safe after 10 confirmations, or 10 minutes. So, you will have to wait 10 minutes when transferring large amounts.

Are there any limits applied to the amount of transfer or to the user location?

No. You can transfer as many SPA coins as you like to any part of the world.

Are transactions anonymous?

When you transfer on the blockchain network, both your cryptocurrency address and the recipient’s address can be seen, but it is not known who the address belongs to unless you say about it. So transactions are more likely to be pseudonymous.

Where do I see completed transactions and other information on the SPARTA network?

On our public blockchain - blockchain.sparta.top

How do I create a wallet and sign in?

If you click the “Wallet” button on the website, you will go to the SPARTA wallet page. Select the difficulty (length) of the mnemonic code (for example, a 128-bit code) and click the “Generate” button. The more bits you select, the longer your phrase will be.

Copy and save the generated phrase in a safe and secure place. Memorize the phrase and write it down. This phrase will be both your login and password. Click the “Enter” button and you will sign in to your wallet. Use this phrase to sign in to your wallet in the future.

Where can I find my SPARTA cryptocurrency address and view my balance?

Sign in to your wallet and you will find your address in the “Address” field. It looks like this: SPA1HSeCm4byGT6DF2NW. Below the address is the “Balance” line where the number of SPA at this address is displayed.

What is the maximum amount I can keep in my wallet and for how long?

You can keep unlimited amounts for an indefinite period.

What do I do if I lost access to my wallet?

Your mnemonic phrase is your private key. No one has access to it, so if you lose it, you will lose access to your wallet. No one can restore it.

This is done to protect the cryptocurrency wallet, so it is very important to memorize the phrase and keep it in a safe and secure location, preferably on various media, including printed on paper. Keep your mnemonic phrase in a safe and secure location.

What are the developers’ plans regarding SPARTA distribution?

We want the whole world to use the SPARTA cryptocurrency and we aim to enter top 100 cryptocurrencies in terms of capitalization. We strive to lead in the cryptocurrency sphere and believe that SPARTA will eventually become the leading world cryptocurrency and an important move toward building new financial relations based on justice and honesty.

The current plans for SPARTA are:

  • Listing on cryptocurrency monitoring websites (coinmarketcap.com).
  • Forging calculator.
  • Desktop wallet:
  • MacOS,
  • Linux,
  • Windows,
  • Chrome OS.
  • Localization of the website, wallet, and blockchain explorer into 11 languages.
  • Creation of a compiled node for all OSes:
  • Windows,
  • Mac OS,
  • Linux.
  • Real-time network graphs and statistics.
  • Wallet for mobile devices:
  • Android,
  • iOS,
  • Windows,
  • Blackberry.
  • Creation of our own hardware wallet or support for existing hardware wallets.
  • Create a user-friendly forging application with a clear web-interface
  • nLocktime transactions. They can be used and confirmed by the network only after a certain period of time. This is very convenient for decentralized exchanges.
  • Multiple signatures are an additional protection against scammers who try to steal wallet data to perform a transaction. A network participant can specify several other trusted network participants. When a transaction is created from the participant’s address, his or her proxies will receive a request to confirm or reject the transaction. In other words, transactions will not be approved without their permission. You decide whether your wallet requires multiple signatures.
  • Ability to use several addresses (hd-wallet) for one wallet. BIP-31/BIP-44.
  • Dynamic block resizing to support network scalability without a hard fork.
  • Ability to dynamically change the block generation frequency, so that network scaling, if necessary, will not require a hard fork.
  • Ability to dynamically change the number of transactions in 1 block, so that network scaling, if necessary, will not require a hard fork.
  • Local exchanges/offices to exchange cryptocurrency; job positions for promoting cryptocurrency through seminars and presentations.
  • Creation and operation of crypto-ATMs.
  • Development of a mini-computer with an automatic update system to serve as a home node.
  • Our own cryptographic wallets that can be used to withdraw and deposit fiat money through crypto-ATMs all over the world.
  • Support for VISA/MasterCard cards. The card balance will be displayed in SPA. But if the account holder wants to withdraw cash, funds will be converted automatically to fiat currencies at the current exchange rate. Such cards will be especially helpful in low-income countries with unstable national currencies, whose residents lack bank accounts.
  • Advertising platforms that award an SPA for guessing the CAPTCHA or performing some other action, similar to Bitcoin faucets, which give out a few Satoshi for comparable actions.
  • Popularization and introduction of cryptocurrency not only on exchanges, but also in other areas.
  • Software for “paper” wallets.
  • Atomic cross-platform transactions (swaps) between cryptocurrencies.
  • Additional network to safely synchronize and update wallet settings.
  • Ranking among the top 100 cryptocurrencies.
  • Preparation of other promotional materials, including 2 videos on cryptocurrency: a promo and technical details.
  • Creation of a .onion site and a node for the TOR browser.
  • Smart contracts and smart assets.
  • Crowdfunding for systems using SPA.
  • ICO platform using SPA.
  • Blockchain-based platform for decentralized peer-to-peer lending.