PulseBitcoin: The Future of Crypto?
PLSB, also known as PulseBitcoin, has garnered attention recently in the cryptocurrency community due to speculation that it could potentially become a significant player in the market.
Overview of the eco system:
PulseDogecoin and PulseBitcoin are cryptocurrency projects that prioritize first priciples of crypto, fairness, transparency and trustlessness.
A so called "Fair launch policy" ensures that coins are mined without a special supply allocation (unlike other coins) and they are minted into existance.
There is a open-source smart contracts that have been code security audited by Certik, 100% transparent for everyybody
There is a known supply (21M) and no hidden fees or taxes
Trustless design and operation
No admin keys or functions
No middleman required
There are no paid promoters or marketing, and no guarantees or promises of future work of others or effort of others
Everybody must have no expectations of monetary gains or profit; success is the result of their hard work and effort of the community
Well-respected projects that offer a unique and enjoyable experience for users and have the potential to make a positive impact in the cryptocurrency world
What is PulseBitcoin and what are key features of the eco system ?
At its core, PulseBitcoin is a cryptocurrency on the Ethereum network. It was designed to be a faster, cheaper, and more secure version of Bitcoin, with several additional features and benefits. It will be available on the PulseChain network as well, once PulseChain will go main-net.
The most important features of PulseBitcoin include the following parameters:
Faster transactions: One of the main advantages of PulseBitcoin is its faster transaction speeds. While Bitcoin can take minutes or even hours to confirm a transaction, PulseBitcoin can do it in seconds. This makes it much more convenient for users, as they don't have to wait for their transactions to be processed.
Cheaper transactions: In addition to being faster, PulseBitcoin is also more affordable to use than Bitcoin. This is because it uses a different mining algorithm (ASIC Token) that is more energy efficient and requires less computational power. As a result, the fees associated with using PulseBitcoin are much lower than those of Bitcoin.
More decentralization: Another critical feature of PulseBitcoin is its decentralized exchange (DEX) capabilities. This means that users can trade PulseBitcoin directly with each other without the need for a central authority or exchange. In addition, this makes it more secure and resistant to manipulation, as there is no single point of failure.
Better security: PulseBitcoin is designed to be more secure than Bitcoin, thanks to its use of advanced cryptographic techniques and a decentralized design. This makes it less vulnerable to attacks and more resistant to fraud and other forms of abuse.
Ecofriendly: PulseBitcoin is more eco-friendly than Bitcoin, as its mining algorithm is more energy efficient. This means that it has a smaller carbon footprint and is less damaging to the environment.
Native compatibility with EVM: PulseBitcoin is natively compatible with the Ethereum Virtual Machine (EVM) and other EVM networks (such as PulseChain and L2s). This makes it easy to integrate with existing DeFi (Decentralized Finance) applications and protocols, which can further expand its capabilities and utility.
How does PulseBitcoin compare to Bitcoin:
One of the critical differences between PulseBitcoin and Bitcoin is how they are built. Bitcoin was designed as a proof-of-concept for a cryptocurrency stored on a data structure called a "blockchain," essentially a linked list of hashed pointers. PulseBitcoin, on the other hand, has been built upon the lessons learned from Bitcoin and other cryptocurrencies, and it offers several improvements over the original.
For example, PulseBitcoin has faster transactions and lower fees than Bitcoin, making it a more appealing choice for users. It is also more secure and just as scarce as Bitcoin, with a total supply of 21 million coins. Additionally, PulseBitcoin is natively compatible with the Ethereum Virtual Machine (EVM) and other Ethereum-based networks, such as PulseChain and L2s, which allows it to interact with existing decentralized finance (DeFi) applications.
But perhaps most importantly, PulseBitcoin is more inclusive than Bitcoin. While Bitcoin mining requires specialized hardware, PulseBitcoin can be mined with any device that can run the ASIC Token mining software. This makes it more accessible to a broader range of people and helps to ensure that the network is more decentralized.
PulseBitcoin offers several features and benefits unavailable on the Bitcoin network. One of the critical differences between PulseBitcoin and Bitcoin is the technology on which they are built. PulseBitcoin is built on the Ethereum network, which allows for the execution of complex smart contracts through its EVM (Ethereum Virtual Machine). In contrast, the scripting language used by Bitcoin is not Turing-complete, which significantly limits its computational use cases. Additionally, Bitcoin does not offer persistent storage, which makes it difficult to perform even simple tasks. These limitations prevent Bitcoin from achieving mass adoption.
Another area where PulseBitcoin excels is in decentralized exchanges (DEXs). DEXs allow users to engage in peer-to-peer trustless trading without intermediaries like banks or centralized exchanges. Platforms like Uniswap, SushiSwap, and PulseX enable users to conduct transactions directly with each other without any counterparty risk. Unfortunately, Bitcoin does not offer native DEXs due to its technical limitations.
PulseBitcoin also offers a broader range of stablecoins and yield farming opportunities. Stablecoins are digital assets pegged to a stable asset, such as the US dollar, and are used to reduce the impact of price volatility in the cryptocurrency market. PulseBitcoin offers several trustless stablecoin options, such as DAI, USDC, USDT, BUSD, TUSD, USDP, and GUSD, among others. In contrast, Bitcoin does not offer native stablecoin options, and users must rely on counterparty services to offset risk.
In addition to stablecoins, PulseBitcoin also allows users to earn a yield on their coins through yield farming, which is the process of earning rewards by providing liquidity to DEXs. Again, this is not possible on the Bitcoin network.
Finally, PulseBitcoin offers support for non-fungible tokens (NFTs), unique digital assets that cannot be exchanged for other assets on a one-to-one basis. NFTs have become popular for use cases such as digital art, collectibles, and gaming items. While Bitcoin does support the creation of NFTs, it does not offer the same level of support as PulseBitcoin.
In conclusion, PulseBitcoin offers several features and benefits unavailable on the Bitcoin network. For example, its use of the Ethereum network allows for the execution of complex smart contracts and creating DEXs. Furthermore, it offers a broader range of stablecoins and yield farming opportunities. Additionally, PulseBitcoin has more robust support for NFTs than Bitcoin. These features make PulseBitcoin an attractive option for users who want to take advantage of the full range of possibilities offered by the cryptocurrency market.
There is no definitive answer to whether or not PulseBitcoin is a scam. However, there are a few points to consider that may help determine whether PulseBitcoin is legitimate.
First, it's important to note that PulseBitcoin is built on the Ethereum network, a well-established and widely-used blockchain platform. This suggests that PulseBitcoin is not simply a fly-by-night operation but rather a project with some level of staying power.
In addition, the developers of PulseBitcoin have stated that the project is not a scam and was created to be a source of enjoyment and fun for the HEX and PulseChain communities. While this does not necessarily guarantee that PulseBitcoin is legitimate, it does suggest that the developers have a certain level of transparency and honesty about their intentions.
While it is always wise to be skeptical and do your due diligence, there is no evidence to suggest that PulseBitcoin is a scam. The project has a strong community of supporters and has demonstrated a commitment to transparency and honesty. As with any investment, it is vital to consider the potential risks and rewards before getting involved, but PulseBitcoin appears to be a legitimate and trustworthy cryptocurrency project.
Does PulseBitcoin Need PulseChain to Succeed?
One of the main questions surrounding PulseBitcoin is whether or not it needs PulseChain to succeed. On the one hand, PulseChain is a new blockchain platform developed by the PulseBitcoin team. On the other hand, it is designed to be faster, cheaper, and more scalable than Ethereum, with several other benefits.
On the other hand, PulseBitcoin already exists on the Ethereum network, which is currently the most popular and widely used blockchain platform in the world. This means that PulseBitcoin already has all the features and benefits it needs to succeed and doesn't necessarily need PulseChain.
That being said, PulseChain could still be a valuable addition to the PulseBitcoin ecosystem. For example, it could provide additional scalability, speed, and other benefits such as lower fees and more advanced features. However, it is essential to note that PulseBitcoin can still succeed without PulseChain, and its success is not reliant on the success of PulseChain.
Is This a Paid Marketing Stunt?
In cryptocurrency, it is not uncommon for projects to have marketing budgets and teams in place to promote their offerings. However, the PulseDogecoin and PulseBitcoin projects are taking a different approach, one that is more in line with the original philosophy of Bitcoin.
According to the team behind PulseDogecoin and PulseBitcoin, there has never been, and will never be, any paid marketing or promotion for these projects. This includes using paid influencers or any other form of paid advertisement. The reasoning behind this decision is simple: a project must be good to succeed on its merit, regardless of how much marketing is done to promote it. On the other hand, if a project is well-designed and popular with the community, it will succeed without the need for paid promotion.
This approach is more in line with Bitcoin's original philosophy of creating a decentralized and free market for digital currency. In addition, by not having a marketing budget or team, PulseDogecoin and PulseBitcoin allow the market to dictate their success or failure rather than trying to influence it through paid promotion.
Of course, this doesn't mean that the PulseDogecoin and PulseBitcoin projects are without support from the community. If people enjoy and care about these projects, they are free to share them with others and promote them on their own without any expectation of payment or compensation. The team behind PulseDogecoin and PulseBitcoin believe that their projects should succeed on their merit and design, without the use of paid promotion or advertisement. They believe that if a project is designed well, it will succeed without needing additional development or paid marketing efforts to influence adoption. Furthermore, the team believes that if people enjoy and care about the project, they will share it with others for free and that paid promotion or advertising is optional for success.
PulseBitcoin is a next-generation cryptocurrency that offers several improvements over the original Bitcoin. It is faster, cheaper, more secure, and more inclusive than Bitcoin, and it is natively compatible with the Ethereum network and other EVM-based networks. While PulseChain is an exciting development that will further enhance the capabilities of PulseBitcoin, it is optional for the project's success. Nevertheless, PulseBitcoin has everything it needs to succeed on Ethereum and is poised to revolutionize the world of cryptocurrency.