QUARKBAR
DYNAMIC BLOCK CREATION
PULSE is a
block creation feature, where
blocks are created instantly when a certain amount of transactions is sent.
Instead of creating blocks at a fast steady rate, PULSE creates blocks every ten minutes, except when transactions have to be sent.
This ensures that newly created coins are rewarded for blocks that were necessary. When the amount of transactions is low,
the amount of created blocks is low. This will ensure that new and mature coins can manage their inflation and deflation and secure the
future of the coin. The total amount of created coins will stay the same, but the speed of created coins will increase with the usage of
the coin. When a coin has a slow start, the market will not be flooded with coins already.
No transactions --> Slow creation of new blocks
Busy network --> Fast creation of new blocks
Mining power needed far lower --> As little as ten nodes are sufficient!
PULSE will be implemented into Quarkbar during July and will ensure that Quarkbar is less vulnerable to inflation and transactions are stimulated.
Read the white paper hereCODE WILL BE RELEASED ON JULY 6!Update: We're launching the QB-Testnet tomorrow including explorer and will expose the code & documentation to the general public by end of the week. We've coded Pulse to be general purpose so any coin can adopt to it just by adding a simple 'if' condition to their acceptBlock procedure.
Update 2: Calculations show that lifetime will likely be extended by ten times the current amount!
https://bitcointalk.org/index.php?topic=671622.msg7615862#msg7615862
