★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★

[Jonesd]

PULSE BLOCK CREATION

As the CryptoCoin Revival Foundation, we support coins and innovate them.

Our newest innovation is a new way of block generation we implemented in our focus coin Quarkbar, called PULSE. (Quarkbar main topic: https://bitcointalk.org/index.php?topic=587457.0)

It slows down block creation to once every five minutes,
except when transaction are sent. When a certain amount of
coins is sent, a block will be created to send the transaction
immediately.

It works like this:



We believe PULSE is the best answer to the slow block creation of coins like Bitcoin and an answer to the huge influx of new coins like Dogecoin.

Benefits:
+ Quick transaction speed when necessary.
+ Lower inflation: New coins get created at slower speed, when the network is not busy.
+ Durable: Life of the coin is extended a lot
+ Efficient: Required network hashses are low.

What do you think?

Quarkbar main topic: https://bitcointalk.org/index.php?topic=587457.0

PULSE FAQ
What is Pulse?
Pulse is a revolutionary way of block creation that adjusts the speed of new blocks to the amount of transactions.
When there are no transactions or less than 10QB a block is created every 300 seconds. When more than 10QB
is sent, a special TX block is created within 30 seconds. This makes it possible to use most newly created blocks
to keep the chain synched and sent transactions superfast!

How does the difficulty work?
Pulse generally spoken adds another layer of difficulty adjustment besides the well known difficulty-index of
the merkle-root.

How much network power does it need?
Pulse ultimately needs 10kh at it's lowest point (where we are now). We will soon launch a difficulty patch that
will give it an upthrust and fix the difficulty at about 10.x or 11.x (something close to what it used to be).

What about the difficulty adjustment
If the network regresses and less power is at disposal, the difficulty will be automatically lowered again. The
difficulty will lower faster than it will rise. That's why there'.s more pressure downwards. This is to avoid having
hard blocks and small miners that can't take it.

What about the Rejects?
These are a natural part of mining Quarkbar. The projection is that it will be 25% of what is being actively used,
 so 75% rejects due to Pulse. This means that the difficulty is lower than it should to fix the spacing.

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[KeyserSozeMC]

Reading.

So, it's like a checkpoint every 300 seconds?
This is new technology actually. Well done.

[Jonesd]

Reading.

So, it's like a checkpoint every 300 seconds?
This is new technology actually. Well done.

Exactly, thanks!

Don't forget to check out our white paper!

[Jonesd]

Reading.

So, it's like a checkpoint every 300 seconds?
This is new technology actually. Well done.

Also good to note that we have successfully tested it for over a month now!

[lifeforcepools]

Its interesting but I prefer a different method of slowing down the introduction of new blocks

[Jonesd]

Its interesting but I prefer a different method of slowing down the introduction of new blocks

Do you have something in mind?

[lifeforcepools]

Its interesting but I prefer a different method of slowing down the introduction of new blocks

Do you have something in mind?

yes - but I'm saving  the idea for my coin: LOL

however I do like your idea - though I'm not suite sure what your true goal is with this implementation

what is the real goal?

it would appear to reward people to transferring coins somehow - either from pools to their wallets or from personal wallets to exchange wallets. A simple bot could fool you easily into continuing to introduce blocks if it's just transactions you're looking at.

forgive me if I've missed something here.

[Jonesd]

Its interesting but I prefer a different method of slowing down the introduction of new blocks

Do you have something in mind?

yes - but I'm saving  the idea for my coin: LOL

however I do like your idea - though I'm not suite sure what your true goal is with this implementation

what is the real goal?

it would appear to reward people to transferring coins somehow - either from pools to their wallets or from personal wallets to exchange wallets. A simple bot could fool you easily into continuing to introduce blocks if it's just transactions you're looking at.

forgive me if I've missed something here.

This  was a concern we had as well, but we think we balance it out by making the rewards for something like that low. The reward of the TX block is too low to benefit from it by an individual bot. If we do notice this becoming a problem in the future, we might instill higher fees.

[Jonesd]

Its interesting but I prefer a different method of slowing down the introduction of new blocks

Do you have something in mind?

yes - but I'm saving  the idea for my coin: LOL

however I do like your idea - though I'm not suite sure what your true goal is with this implementation

what is the real goal?

it would appear to reward people to transferring coins somehow - either from pools to their wallets or from personal wallets to exchange wallets. A simple bot could fool you easily into continuing to introduce blocks if it's just transactions you're looking at.

forgive me if I've missed something here.

What kind of coin are you thinking of creating?

[Jonesd]

Some more info on PULSE:

[majeis]

Its interesting but I prefer a different method of slowing down the introduction of new blocks

Do you have something in mind?

yes - but I'm saving  the idea for my coin: LOL

however I do like your idea - though I'm not suite sure what your true goal is with this implementation

what is the real goal?

it would appear to reward people to transferring coins somehow - either from pools to their wallets or from personal wallets to exchange wallets. A simple bot could fool you easily into continuing to introduce blocks if it's just transactions you're looking at.

forgive me if I've missed something here.

This  was a concern we had as well, but we think we balance it out by making the rewards for something like that low. The reward of the TX block is too low to benefit from it by an individual bot. If we do notice this becoming a problem in the future, we might instill higher fees.

As long as there is a way to automate the making of free money, you can count on it being an ongoing concern unless your revival proves to be too unpopular.

[yampi]

What if people decide to only send transactions when network hashrate is low to pay lower fees?

[biggus dickus]

What about the difficulty adjustment
If the network regresses and less power is at disposal, the difficulty will be automatically lowered again. The
difficulty will lower faster than it will rise. That's why there'.s more pressure downwards. This is to avoid having
hard blocks and small miners that can't take it.

What if a big multi-pool moves in, mines loads of easy blocks, then leaves with the difficulty sky high and only small time miners left mining?

[yampi]

How about fractional rewarding to prevent multipool's from being profitable?

[lcharles123]

The decrease in size blockchain how many % ? in bitcoin for example: You can implement this form of generating blocks now?

[shursight]

very innovative

[shadowmoon]

Every new technology and welcome.
It has been tested

[shursight]

Every new technology and welcome.
It has been tested

you like?

[MisO69]

Nice to see real innovation. I like it, however, as a miner I also like the regular pay outs.

Good luck with QB, I remember back when it was launched I was one of the first to mine. I had my coins on an exchange, trying to sell them, then the exchange disappeared  . Oh well..

[Jonesd]

Nice to see real innovation. I like it, however, as a miner I also like the regular pay outs.

Good luck with QB, I remember back when it was launched I was one of the first to mine. I had my coins on an exchange, trying to sell them, then the exchange disappeared  . Oh well..

It´s a long term project, so hopefully we will benefit in the future. Which exchange?