A PULSATING ENCOUNTER WITH PULSAR COIN
Since the earliest days of cryptocurrency, 2 protocols have been at loggerheads. These are Proof of Work and Proof of Stake, with the former proceeding the later and being the previously only protocol.
What is Proof-of-Work?
This protocol or consnsus enables agreement on which block to add by requiring network participants to expend large amounts of computational resources and energy on generating new valid blocks. Proof of stake requires network participants to stake cryptocurrency as collateral in favor of the new block they believe should be added to the chain.
Proof of work is more secure than proof of stake, but it's slower and consumes more energy.
What is proof of stake?
Proof of stake revolves around a process known as staking. This is a bit like voting, although with most proof-of-stake cryptocurrencies the process doesn’t involve "one person one vote." Instead, participants — known as validators — stake a certain amount of crypto behind the block they want added to the chain, with different blockchains setting different limits for this amount. The cryptocurrency holders 'vote' to approve legitimate transactions. As a reward for voting on legitimate transactions, 'stakers' are paid in newly created cryptocurrency over time.
Proof of stake was developed in response to the high computational costs of proof of work protocols.
Proof of stake also promises greater scalability and throughput than proof of work, since transactions and blocks can be approved more quickly, without the need for complex equations to be solved.
Proof of stake vs. proof of work:
Proof of work and proof of stake are similar in that they're both mechanisms through which a distributed network of participants can agree on which new block of transactions is added to a cryptocurrency's digital ledger, known as a blockchain. But they differ in how they reach this endpoint.
One primary advantage of proof of stake is that it avoids the need to invest increasing sums of money in ever-more powerful computing equipment that consume growing amounts of electricity. Like mining has made some hardware redundant. Example CPU, GPU, and now Antminers.
Pulsar Coin with the ticker PLSR is powering the Pulsar exchange platform. The purpose is to have an extremely high quantity to be able to withstand the high volumes of traffic with the coin inside of the exchange application. It utilizes a matching engine that can handle large quantities of transactions at any given moment. The mission of Pulsar is to make it useful for any use you want or need.
As a cryptocurrency exchange, while also having the capability to be a wallet, you use Pulsar Coin to purchase other cryptocurrencies as well as using our coin for any sort of payment and transaction. This would apply to any store or person who uses the program.
Pulsar and the protocols
Pulsar is the compromise between both protocols,
supporting both Proof-of-Work and Proof-of-Stake rewards. With the algorithm we’ve chosen, the use of CPU mining is still allowed, although slightly more difficult to mine compared to other blockchains. Implementing both reward systems into the blockchain allows for maximum
functionality / efficiency while also partially protecting from more common vulnerabilities that full Proof-of-Stake blockchains are weakened by (for example: the 51% attack).
Total Supply: 500,000,000 (500 Million)
Development Team’s Supply: 50,000,000 (50 Million)
Launch Supply: 450,000,000 (450 Million)
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Pulsar wallet PKMix3Goyu6vunJDyQuTbyXjDtKKNxgwBj
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