PulseBitcoin (ASIC and PulseDogecoin as well) exists right now on the Ethereum network, which is by far the best blockchain network that currently exists.
This means that all improvements PulseBitcoin offers over Bitcoin such as improved speed, throughput, more decentralization(DEXes), better security, etc. all exist right now!
If you like Tesla (the vehicle company), here is a good analogy:
Bitcoin was built more as an innovative proof-of-concept of blockchain cryptocurrency. Similar to how the Tesla Roadster (first generation) was an innovative proof-of-concept for electric vehicles. It worked, its cool, but limited in functionality, technology, and not easily available.
PulseBitcoin is more like the latest Tesla Model S. Cool, fast, safe, loaded with technology improvements and features, etc. It works incredibly well and does exactly what it is designed to do because it was built upon what was learned from previous innovations.
PulseBitcoin on PulseChain can be thought of as the Tesla Roadster (second generation). All the features of what you would expect a Tesla vehicle to have, but faster and slightly cooler than anything that came before it!
Again, to clarify, PulseBitcoin has everything it needs to succeed right now on Ethereum and the greatest part of this is, once PulseChain is released (whenever that may be), you will get your PulseBitcoin (PLSB) immediately upon its launch, no work from or work from anyone from this project required!
PulseBitcoin uses no code from Bitcoin, therefore is not a typical "fork" but rather only adopts the mechanics (Pumpamentals) that drive Bitcoin and improves upon them greatly!
PulseBitcoin is better in the following ways:
Faster transactions, Cheaper transactions, Mining is open to everyone, no special computer hardware is required, Ecofriendly for the environment, more Secure, just as Scarce/Rare, it offers native compatible with the EVM (Ethereum/Ethereum Virtual Machine Networks(PulseChain, L2s, other EVM networks, etc.)), and most importantly, its compatible with existing DeFi.
Bitcoin's supply is capped at 21,000,000 coins
PulseBitcoin's supply is also capped at 21,000,000 coins
You can get PulseBitcoin (PLSB) either by "Mining" it using ASIC Token (ASIC) or you can buy it from a decentralized exchange such as Uniswap or PulseX (PulseX, once PulseChain is released).
Mine it - ASIC Token
Buy it - Uniswap/PulseX
PulseBitcoin can be referred to as PLSB, pulseBTC, Bitcoin 2.0, Better Bitcoin, Clean Bitcoin, Green Bitcoin or anything else you want to call it!
We, as in "we" the community create the narrative and naming for whatever we want! This is the free market of ideas and creativity! Call it whatever you'd like!
Many people in the world see enormous value in Bitcoin. PulseBitcoin is designed to be a better Peer-to-Peer Currency and Store-of-Value Commodity vs. Bitcoin!
Is Bitcoin a joke? No, therefore, PulseBitcoin is not a joke.
The minimum amount needed start mining PulseBitcoin is 1 ASIC Token.
There is NO maximum.
PulseBitcoin exists completely separate from Bitcoin and only shares the name. Though both have similar qualities: low supply, inflation through mining, peer-to-peer transactions, etc. PulseBitcoin exists on the Ethereum Network, and later, the PulseChain network that offers fast and cheap transactions.
Compare this to Bitcoin which is siloed off on its own network with stagnated adoption and growth with no innovation.
Just like the naming convention of PulseChain's: "PLS", PulseX's: "PLSX", and PulseDogecoin's: "PLSD"; keeping an organized naming convention for core utility cryptos designed for PulseChain is very important!
Since Store-of-Value coins are an incredibly important part of a Blockchain the symbol "PLSB" for PulseBitcoin was chosen so that the general audience will know it is related to the new chain as well as a Store-of-Value, just like Bitcoin!
"But why not use "PBTC"/"pBTC"?
While this is a good symbol I would strongly suggest it be kept/used for Wrapped Bitcoin bridged into the PulseChain network.
So both wBTC and pBTC can be used for the original Bitcoin on PulseChain.
PulseBitcoin may or may never have any real value. Just like Bitcoin's value, it is only determined by what the holders are willing to sell it for and what buys are willing to pay for it.
This is the most free market in the world!
HEX is a unique crypto product that offers users trustless interest paid in HEX. Users lock up HEX, and get paid in more HEX. It offers a 15.2 year maximum lock up time with a bigger and longer staking mechanism paying you more HEX interest!
PulseBitcoin is an improvement and replacement of the current "Bitcoin". The only available lock up period to generate PulseBitcoin (PLSB) is 30 days where you must lock up ASIC Token (ASIC), a uniquely different and separate asset than PulseBitcoin. There is no "Longer" or "Bigger" pays better.
While both can be viewed as a Store-of-Value respectively, they are designed to appeal to different audiences and operate entirely different!
I see you have a healthy response and skepticism toward crypto projects, good! Most things on the internet, especially in crypto, are riddled with scams, rugs, lies, etc.! With both PulseDogecoin and PulseBitcoin I could tell you they are NOT SCAMS but you may not believe it. The only true test is time in the market and to verify the code.
Please do your research or go through PulseBitcoin's contract code yourself to verify safety! There are no back doors, no admin keys, no promises to do work or anything sketchy that so many other cryptos include to swindle people. I implore you not to solely trust humans, but to trust code. Please make sure to verify sources and code when operating with any software on any blockchain.
Remember, with crypto, you don't need to trust, you can verify! Also, keep in mind that this project was created to be a source of enjoyment and fun for the HEX and PulseChain community so it would be deeply upsetting for any harm or negative actions to occur against our community!
PulseBitcoin will only be minted into existence after 30 days post-launch if and only if someone mines it, creates a liquidity pool, and sells it.
At and around launch, you may be better off acquiring some ASIC Token (ASIC) and mining PulseBitcoin (PLSB) yourself if you want PulseBitcoin as soon as possible!
PulseBitcoin requires you, the miner, to be aware of the mining operation occurring.
This is not a "lock and forget" project! With PulseBitcoin, you must be active every 30 days in order to withdrawal and redeploy your ASIC in order to receive the maximum number of PulseBitcoin (PLSB) reward!
While you can transform your PLSD into ASIC (ASIC is required to mine PLSB) you do not need PulseDogecoin (PLSD) to mine it.
Application Specific Internet Currency (ASIC) is the only crypto currency that can mine PulseBitcoin (PLSB)
Only ASIC Token (ASIC) is required to mine PulseBitcoin (PLSB)
There are 3 ways to get ASIC Token:
Get ASIC through the ATM Token Creation process - 30 days post-launch
Get ASIC through the PLSD -> ASIC Transformation - 60 days post-launch
Get ASIC through Uniswap - Indefinitely
While most crypto currency project teams boast about a "marketing budget" or "marketing team", PulseDogecoin/PulseBitcoin projects have NEVER and WILL NEVER pay ANYONE to promote the projects or anything related to payment for promotion.
Payment for promotion could be seen as expectation of work from a common pool and/or a managing entity paying employee(s) to perform some amount of work.
This is NOT the case for these projects. These projects are meant to be different and operate similar to the early days of Bitcoin. The logic is if people really like the project(s) then they will tell other people about them for FREE, no paid advertisements, no paid influencers, NOTHING!
If the projects are not good, people won't talk about them and they will die. Which, by free market logic, is what they should do if project market fit is not realized.
However, if people really enjoy and care about the project(s) then they will succeed on their own without marketing teams/budgets influencing adoption!
To clarify, DO NOT EXPECT ANY PROMOTION OF THESE PROJECTS. If they are designed well then they will succeed without paid promotion or advertisement!
The honest answer is, I don't know.
To add some context, right now there is a large lack of defined regulation around if crypto currencies are considered securities, and if so, what type of crypto currencies may or may not be considered securities.
The Howey Test should always be used and tested against any crypto asset in order to to fully comply with U.S. Securities law. EVERYONE within the cryptocurrency ecosystem should be aware of the potential risk regulators and ever changing regulation poses to the existing cryptocurrency landscape/industry.
To my understanding, PulseDogecoin, PulseBitcoin, ATMs, and ASIC Token fail the Howey Test, meaning they do not fall under the typical definition of a "security" as defined under the Securities Act of 1933 and the Securities Exchange Act of 1934.
This is because these projects were designed and meant to comply with all clearly stated US Securities Laws and fail multiple defined questions of the Howey Test:
Though, YOU MUST UNDERSTAND this is not a guarantee whatsoever that these projects/tokens will not be classified as securities in the future given the ever changing regulatory rules and definitions.
Please also understand that if any of these crypto currencies are deemed securities under United States law, me the creator of this website, the creator of the trustless smart contract, and creator of the PluseBitcoin mining dapp will comply fully with the United States government and its regulatory agencies.
Please make sure to read through and fully understand the project's "Disclaimer" found at the bottom (footer) on each page of this website!
Let me ask you some questions:
Do you know who "Satoshi Nakamoto" the creator of Bitcoin is, no!
Do you know who "Ryoshi" the creator of Shiba Inu is, no!
Founders of cryptocurrencies are typically overly worshipped and glorified
I do NOT want to be worshipped!
I am just a regular person with a passion to build really cool crypto projects.
Information you should probably know: There was zero monetary funding externally received for anything during the development of this project.
What you may want to know is PulseDogecoin, ASIC Token and PulseBitcoin were designed and created by very passionate HEX, PulseChain, PulseX, and otherwise community members to fulfill missing essential pieces for the adoption of PulseChain and the betterment of the cryptocurrency industry as a whole!