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| Inflation rate | Bitcoin inflated from 0 BTC to more than 18,000,000 BTC over 12 years with high inflation earlier on. Inflation is paid to miners securing the network. Few recognize that Bitcoin's price went up faster when it was a younger network with a higher inflation rate, because multiplying user count matters more. | HEX completed its high inflation phase in the first year. Now the inflation is capped at a maximum of 3.69% a year which is paid to Miners for holding up the price. HEX Miners make a multiple higher profit in HEX from Mining than the annual inflation rate. Currently 38% APY on average vs a inflation rate of only 3.69%. To HEX miners, inflation is a benefit, not a cost. HEX’s inflation is delayed as it's only paid on ended Mining - and many last 15 years (more than 5 years on average). |
| Inflation usage | Miners destroy the environment with hardware from mining equipment companies. The miners have to sell the freshly mined BTC to pay for electricity. It's Proof of Waste: you have to waste energy to let computers do useless calculations. | Instead of sending your money to a mega-corp to buy mining equipment which shows up late, used, or never at all, you can skip the depreciating asset and electricity bills and just mine your coins. HEX does not have to secure a network: it utilizes another network called PulseChain by paying PulseChain Validators transaction fees. This way the inflation of HEX can go to Miners for holding the price up. It's Proof of Wait: you get paid for Mining HEX because you're helping the price to appreciate without any negative externalities. |
| Inflation distribution | Miners mint new BTC by their % of the total hashrate. You get more hashrate by buying more mining hardware. Each Bitcoin mining machine earns less and less BTC over time as difficulty rises. Profits must be reinvested in newer hardware, as older hardware becomes unprofitable. | Miners mint new HEX by their % of the total shares. You get more shares by Mining longer. You don't need any special hardware to Mine, your phone is sufficient. |
| Network protection | Total hashrate is value invested in the protocol, it protects against 51%-attacks. | HEX has no need for protecting against 51%-attack because PulseChain already does that for HEX. |
| Complexity | To set up a mining facility you need to find profitable geographic locations with cool temperatures and low electricity prices. Rent property to operate in. Hire technicians to set up the mining equipment. Order mining hardware and wait weeks to months until it arrives. It is impossible for the average user to mine Bitcoin profitably. | You can Mine your HEX with the click of a button without any need for special hardware. The only costs for doing so are PulseChain transaction fees (usually less than $1). |
| Profitability | Profits are razor thin. The increasing difficulty ensures than all the miners on earth have to split a block reward of only 6.25 BTC between them. Most of that is used to pay for electricity & mining hardware. It's a highly inefficient system. You can even lose because your mining profits might not be enough to pay for electricity & hardware. A mining operation might take years to be profitable. | HEX Mining average 38% APY. You don't need to buy any special hardware. |
| Cloud mining | You can pay a middle man to invest your money into their mining operation. In case that company is not a scam & profitable you can get some razor thin returns on your investment. In 99% of cases it would be more profitable to just buy Bitcoin. | In HEX, there are no middlemen. You can easily manage Mining yourself. There is no risk of some company going bankrupt. |
| Generational warfare | New miners have an advantage over old miners, because they are more energy-efficient. | In HEX, it's reversed: old Miners have an advantage over new ones, because the share price measured in HEX only rises (over 10,000x so far!). |
| Beating the competition | Miners get paid more when other miners turn their machines off. | Miners get paid more when other Miners stop mining. HEX Miners also get a bonus if others stop Mining early or late. |
| Negative externalities | Bitcoin miners consume as much electricity as a medium sized country. Even though a part of that is renewable energy, a lot isn't. Miners harm the environment to sell down the Bitcoin price. | Mining HEX is easy. It doesn't require any know how, facilities, electricity bills, hardware... or paying one of a few companies in hope they send you working hardware in a timely manner, that it clears customs, works in your facility and your breakers can take the load. There is no sell pressure on HEX’s price to pay facilities, hardware, maintenance, electricity, decommissioning of old hardware and buying new one. There are no middlemen. HEX is not a Ponzi scheme. Only you interact with the smart contract. No one owes anybody anything. |
| Compounding rewards | The profit of Bitcoin mining facilities only compounds slightly by investing the razor thin profits into new mining operations. Miners can not make more profit than the block reward and some transactions fees. | Compounding is simulated by a share price that is measured in HEX and only rises, making each T-Share more expensive in HEX over time. It is more computationally efficient to reduce new Miners' shares by writing a single new share price than it would be to write thousands of compounded shares' profit to existing miners. This is similar to how Bitcoin updates its difficulty every 14 days. Imagine watching your Mining HEX earn more HEX, while the share price goes up and the USD/BTC/ETH price of HEX goes up too. The gains multiply by each other. |
| Counterparty risk | To earn interest on your Bitcoin you have to lend them out to a third party and pray that they are giving them back to you. The yield for doing so is very low compared to HEX, usually around 5-10% APY. Also you don't get a bonus for "mining" longer. These centralized parties are security holes that are often hacked, destroy privacy, or introduce fees if you want to get your funds out. Billions of dollars in coins sent to bad exchanges and bad lenders have been stolen. Not your keys, not your coins. | HEX replaces these third parties with a trustless peer-to-peer to system: to earn yield on your HEX you just Mine them. No need for a third party, no middlemen, no counterparty risk. You do all the work. Nobody owes you anything, you only ever owe your future self. HEX Mining average 38% APY depending on how long they Mine. Not a single Hexican has ever lost any HEX to something like a bankrupt lending platform because they don't have to give their HEX to somebody else to earn rewards on them! |
| Whales | Over 12 years 2,000 addresses have accumulated 42% of all Bitcoin. The founder of Bitcoin "Satoshi Nakamoto" still owns around 5% of all coins. | HEX lets you own a larger part of the total supply than Bitcoin will. If you're all in on Bitcoin, the % you own of the network gets smaller every 10 minutes. The miners keep diluting your share with the new coins they get and you don't. If you traded all of your Bitcoin for HEX you would own a much larger % of the total HEX than you did of Bitcoin. |
| 1000x | A 1000x in Bitcoin is practically impossible at this point due to its huge liquidity. The more of something is available on the market, the more economic energy it takes to move the price. | A new, first of its kind, coin is a new opportunity to get in before everyone else and make 1000x returns. |
| Addressable market | Bitcoin wants to replace gold (a $8T market). | HEX addresses Store of Value, currency and Certificates of Deposit (or "Time Deposits"). Markets that Bitcoin can't address. All of them combined are worth around $100T. |
Bitcoin changed the world by introducing a decentralized store of value. But its creation and adoption has created problems and complexities that HEX solves.
In many ways, BTC and HEX are analogous. Bitcoin and HEX are peer to peer networks that store and transmit value. HEX is like Bitcoin with a Proof of Work change. In Bitcoin, miners buy mining hardware and electricity from companies. In HEX, miners buy HEX from other HEX holders, then use time to mine. HEX is Proof of Wait instead of Proof of Work.
Let's say you want to make more Bitcoin on your Bitcoin. What are your options? You could lend your coins out and take the risk they're not returned, or you could try selling your coins for mining hardware and hope to get more coins back later. Many people have lost a lot of money trying either. HEX solves this.
HEX’s code quality is excellent. HEX employs bit packing with bitwise shifts and caching for gas efficiency. Kyle Bahr wrote a technical explanation of the system, code and how it works. It is considered the HEX whitepaper.
HEX is decentralized and peer-to-peer. You are the network! Only you generate your private keys and mint your HEX and rewards. Without you the code just sits there. HEX’s code is totally open to view & verify and you can run it many ways. HEX’s contract address is 0x2b591e99afE9f32eAA6214f7B7629768c40Eeb39. Do not send anything directly to this address! You can review HEX’s code here.
Bitcoin had 2 inflation bugs where anyone was able to mint as many new coins as they wanted. The CVE-2010-5139 bug was announced on 2010-8-15 minted 184 Billion BTC and required a chain roll back. The CVE-2018-17144 bug was announced on 2018-09-17 and was discovered by a BitcoinCash developer, who disclosed it instead of exploiting it. HEX solves this by locking its economics code in an immutable smart contract, so network improvements and their possibility of bugs are kept far from the most important code. The last Bitcoin "unlimited free coins" inflation bug was created by adding an optimization to the networking stack.
Bitcoin's code has never been audited. Bitcoin's source code & consensus algorithm could be edited at any time in the future, even the 21,000,000-limit is not set in stone. If enough people agree to raise the limit it can be any number. Even Bitcoin's official website has been hacked. The Bitcoin foundation doesn't even own their .com domain. They lost it to another company selling a fake "fork" of Bitcoin.
HEX never had any bug ever. It's now 4 years since release consisting of perfect, flawless operation. 100% uptime. 3 letter dictionary .com domain. Website has never been hacked. Frontend has never been down. HEX’s code is set in stone and can never be edited like Bitcoin's. It's an immutable, unstoppable smart contract that has 3 independent audits that ensure both the security & economic validity.
HEX is like a notepad showing everyones' HEX balance, but requiring their passwords to spend. It is the first high-yield Blockchain Certificate of Deposit (CD). HEX virtually lends value from Miners to non-Miners, as mining reduces supply, causing positive price pressure on non-mining coins. You mint shares by Mining HEX, with bonuses of 20% per year, up to 3x for longer and 1.1x for larger. The HEX needed to create a share (share price) goes up every day, simulating compounding interest. Shareholders profit from the 3.69% annual inflation and early & late end mining penalties.
HEX is a hybrid Proof of Work (POW) and Proof of Stake (POS) system. Miners are paid inflation in HEX while PulseChain Validators receive small amounts of PLS to perform your HEX transaction. HEX conforms to the PRC20 standard to maximize interoperability and security. HEX is easily extensible because smart contracts can be built on top of it or reference it. HEX works with distributed exchanges like Uniswap and atomic swaps easily. Every 1 HEX consists of 100,000,000 Hearts (1 with 8 zeroes or 100 million).
Hardware wallet support: Trezor and Ledger are integrated via Rabby Wallet. Your private keys stay safe inside your hardware device this way.
No, Bitcoin is great! The higher the Bitcoin price, the better! The rising tide lifts all boats. Over 300,000 Bitcoin in over 30,000 addresses used their private keys to mint HEX during the launch phase.
HEX is a lot like Bitcoin. Banks do more than currency, so must we. To revolutionize finance, every single function banks serve today must be replaced with a peer to peer, open source, trustless system. No middlemen. Bitcoin started the revolution in trustless, immutable, distributed, peer to peer digital currency. It started worthless and after 12 years it reached $1T in value.
CDs are worth more than all the cash printed, gold and credit card companies - combined. $7.2T in the USA and China alone. Bitcoin is not designed to replace CDs and cannot, because it can only inflate supply to mint rewards for miners, not miners. If you timelock your Bitcoin, there's no profit in it.
HEX does what Bitcoin cannot. If you're given programmable money, the first thing you should program is yield!
