The Ethereum change over to a Proof of Stake (PoS) consensus algorithm has left some Ethereum users, miners and developers feeling uncertain about the blockchain’s future. The debate over just how decentralized a PoS blockchain can really be continues to intensify and many are looking for an alternative that can offer a Proof of Work (PoW) ecosystem – the only way for a blockchain to remain genuinely decentralized.
Pulsar Chain is an Ethereum Virtual Machine (EVM) compatible ecosystem that follows the Bitcoin Model of validating blockchain transactions with a PoW algorithm. Pulsar is based on the Berlin Fork off the Ethereum Blockchain Client and starts with a new genesis file at block 0.
Unlike Bitcoin, however, the Pulsar Chain will have an average block time of 8 seconds as opposed to 10 minutes. This is also faster than Ethereum’s block time of 15 minutes. To reduce the ledger size, the maximum block size will be kept at 10 million gas – 3 times smaller than Ethereum.
It may sound complex but the Pulsar Chain ecosystem is quite straightforward. Keeping the PoW consensus model and true decentralization as the focus, the Pulsar ecosystem fits together as follows:
The Pulsar Chain Foundation will form the basis for research and development of an open-source and accessible blockchain ecosystem for public use on a global scale.
Education is a vital driver of the adoption of a new platform, so research grants will be awarded to key players to create tutorials, short courses and entertaining educational content to win the hearts and minds of the crypto community.
Another branch of educational initiatives includes the launch of an Ambassador Program that will aim to educate and spread the message about what Pulsar Chain offers the blockchain community. The Ambassador Program is open to a global community of students and young professionals whose purpose is to expand the reach of the Pulsar Chain ecosystem.
Grants will also be given out to DApp Developers to encourage innovation. The goals of this initiative are to build migration tools for DApps who wish to move their app across to Pulsar, connect Pulsar with other chains through bridges, new tools for developers, continuous development and new DApps built exclusively for the Pulsar Chain.
Pulsar is W3C compatible in order to facilitate the development and integration of blockchain explorers, wallets, DApps, public repositories and an online portal. This puts Pulsar Chain on par with other blockchains and contributes towards creating a fully operational ecosystem.
What sets Pulsar Chain apart from other blockchains or Ethereum alternatives is the focus on green initiatives. Mining rigs are encouraged to use renewable energy sources to power the rigs such as solar power. Miners who demonstrate they use renewable energy will enjoy double block rewards of up to 24 PULS and only 12 PULS for conventional energy sources. Renewable Energy Certificates will be integrated to pioneer a more sustainable mining infrastructure.
Miners will be periodically audited to ensure they are using renewable energy in their mining operations. These will be carried out by independent auditors.
To reduce the amount of e-waste generated from former miners or when equipment is at the end of its life cycle, Pulsar will incorporate a recycling initiative.
Pulsar Chain offers DApp developers, users and service providers an alternative to Ethereum by keeping the PoW algorithm central to the entire ecosystem. Unlike other blockchains that are not committed to remaining truly decentralized, Pulsar will remain a PoW network forever.