10-Minute Average Block Time
12-Second Average Block Time
(PulseBitcoin lives on Ethereum)
3-Second Average Block Time
(PulseBitcoin will exist natively on PulseChain upon its release)
We can see that PulseBitcoin is just as scarce as Bitcoin will ever be.
Notice how Bitcoin's ₿ points down while PulseBitcoin's ₿ points up and to the right!
Bitcoin Halving Cycle: about every ~4 years*
Sum after 32 Cycles: ~21M
PulseBitcoin Halving Cycle: ~ 6-12 months**
Sum after 32 Halving Cycles: ~21M
*The halving frequency is determined by the amount of hashing power that joins or leaves the network to mine new blocks.
**The halving frequency is determined by the number of ASIC Tokens used to mine PulseBitcoin.
TLDR; The frequency is nondeterministic, meaning halving's could occur sooner or take longer than the estimated time based on mining participation.
Since PulseBitcoin does NOT require any special mining hardware it allows ANYONE in the world to mine new PulseBitcoin into existence just by acquiring ASIC Token and interacting with the PulseBitcoin Mining Smart Contract.
Again, just like the early days of Bitcoin, ANYONE can mine PulseBitcoin!
Be aware there is just one single penalty rule that must be followed
Bitcoin, as well as many other cryptocurrencies, have suffered from the most harmful of all blockchain bugs: Inflation Bugs
Inflation bugs occur when anyone on the network can mint free coins at will, thus breaking the defined limits and parameters!
Bitcoin has experienced several of these types of software bugs over the past few years. Harmful exploits such as these will continue to occur due to the Bitcoin's unorganized and non-modular code.
PulseBitcoin is designed in a much smarter way!
The blockchain's consensus code is completely separated from the reward mechanism code.
It is a simple difference, but extremely important to reduce risk!
The PulseBitcoin smart contract code is isolated from the blockchain's consensus code while Bitcoin's is not.
With PulseBitcoin, this means any change made to the blockchain's network or consensus code does not cause any changes to the smart contract layer code.
Compare this to Bitcoin, where in 2018 an inflation bug was introduced through an optimization to the networking stack documented under CVE-2018-17144
Bitcoin has had zero code audits!
Code audits play a crucial role during software development and implementation. Code audits typically are used to identify bugs and unintended logic operation during the software’s execution!
The PulseBitcoin Smart Contract Code has been audited by industry leader Certik!