In this video, the creator argues that the upcoming X1 blockchain will outperform PulseChain by delivering 1‑second block times and roughly 1,400 transactions per second—about 100× faster than current Ethereum. X1’s consensus mirrors Polygon’s delegated proof‑of‑stake (DPoS), allowing XN holders to stake or become validators, which the speaker says will secure the network and enable rapid deployment within weeks. The presenter critiques PulseChain’s high fees and slow rollout, suggesting X1 will retain value within its own ecosystem and avoid sending funds back to Ethereum. He likens XEN (the token on X1) to HEX, predicting significant appreciation for both XN (the native coin) and XEN as the chain gains users. The second half shifts to BitcoinNYK, a universal basic income (UBI) cryptocurrency that uses a proof‑of‑participation model rather than proof‑of‑ID. The speaker claims BitcoinNYK ranks #1 among UBI coins, explains its resistance to Sybil attacks via wallet‑cost mechanisms, and announces a relaunch that introduces a 2‑decimal display (penny‑like) while retaining the classic 8‑decimal version. Both versions will coexist, and holders need take no action. The video concludes with a call for community members, especially XEM users, to join BitcoinNYK.
Chapters
Welcome back to the channel. I hope you guys are having a good evening. Um, so today I want to talk about why I think the X1 blockchain is going to be better than Pulse. So taking a look at the light paper in a little bit more detail, right, let's read up here on the performance of the— what we'll have in the X1 blockchain. Um, it has been thoroughly speed tested, resulting in the ability to system 1-second block times and 1,400 transactions per second, roughly 100 times faster than the current version of the Ethereum blockchain. 100 times faster, right? XEN serves as the backbone of the, um, X1 blockchain possessing extensive utility within its ecosystem. The consensus algorithm closely follows the approach of Polygon, right? So, um, you know, you utilize a delegated proof-of-stake mechanism. XN holders can earn rewards by staking their coins or actively participating as validators and block producers, bolstering the network security and governance mechanism. So basically 100 times faster than Ethereum as it currently is right now. What I think is going to happen with the X1 blockchain is that it's, it's going to be all those things that we kind of hope the PulseChain would be. And so, you know, when you think about the purpose of having a blockchain, what is the purpose of— at least what the purpose was, even if you look at something like the Pulse ecosystem, it was because the projects that were basically, uh, produced on Ethereum as such, um, they were just— it was, it was too costly to the community, right? So they're sending all this money off to Ethereum. So it only makes sense that if you're spending all that money off to Ethereum, right, that it would probably make sense to contain that within your own ecosystem. All that money is going bye-bye. And so the problem with that was that the relief wasn't then really getting to the community, given over to the community. It was more of the same, in some cases worse. Um, now not only does that not encourage new people to, to use the chain, but it just didn't serve as any solution for even having a blockchain to a great degree, right? But if you look at the The approach Zen is taking is using, uh, Polygon technology, right? And I've always liked Polygon. Uh, it also shows that Polygon, the structure in which they're, uh, incorporating the Polygon technology, right, with the blockchain, uh, it already has the consensus mechanism in it, right? So, you know, it's, it's not going to be this long drawn-out process like what you got with PulseChain. Uh, it's something that they could probably literally have up in a few weeks, uh, so they can pretty much launch it anytime they wish. Now, you know, in a sense, I'm glad that what they did was they did kind of let— go ahead, let PulseChain launch, see a lot of issues with PulseChain, and now they can come around and they're able to create a blockchain that is a ton more efficient than it, and it's going to give you the usability that many of us are looking for. But not only that, uh, using the Polygon-like technology, I think it's going to have a very similar, uh, effect. And so what I mean by that is like, if you look at what happened with PulseChain, it's well below its sacrifice price now, right? It's just nothing really worked out with that, uh, that, that's made sense to any blockchain in the history of launching blockchains. So what I think will probably likely happen with the, um, the X1 blockchain, this, this XN coin— so let's be clear on that, the XN is the native coin of the X1 blockchain, right, possessing extensive utility within its ecosystem. So it's not XIN, but it's— so, so XIN kind of reminds me of HEX in that regard. Where XEN is going to continue to do its thing on the blockchain. My, uh, thoughts are it's going to probably rise up significantly in value sitting on its own chain. But you're going to also have the XEN native coin that I think is going to perform very, very well. Now what I think is probably going to happen is in XEN— and these are just my thoughts, it's not financial advice to go out and buy it— But I, I think that, um, Zen already possessing the community it has and continually to grow, what you're going to probably likely have, in my opinion, is you're going to have, uh, uh, you know, a, a, a good appreciation opportunity, right? A, a good appreciation situation, more than likely, which means that it's going to probably operate more so like traditional Blockchain's legend, and that's probably your 2, 3, 4, 5, 6, 10x's, right? And I think that's, uh, probably very likely. I think it's quite likely just the way they're doing this. I, you know, I think they're doing it in a smart way. And so I'm not going to spend a lot of time on this video today, um, but, uh, because my videos have been running too long and I also want to take a moment and just talk about the BitcoinNYK. We will relaunch the inflation token, and we're going to explain a little bit about that in details. And you guys hear me talk about BitcoinNYK a lot. It is because BitcoinNYK, so similar to XIN, uses the proof of participation algorithm. It doesn't copy XIN. This actually existed prior to XIN. And, uh, through our independent polls, uh, and we've done many Uh, we've been labeled of all the basic income coins, in other words, universal basic income coins and cryptocurrencies, we've been labeled the best of them all, right? And we've done numerous polls on this, uh, and to be the top cryptocurrency category, uh, uh, in anything, right, on the blockchain is phenomenal. So Uh, you know, these are the finest we've found, and we'd be, uh, willing to test that against anybody. But most people walk away, and there's numerous reasons from that. Some people would say the, uh, the UBI coin done by Proof of Humanity is the number one. Uh, volume-wise, it probably is the number one, right? But the process, because it relies on an algorithm called proof of identification, right? Proof of ID. And you— it's so many channels you have to go through for that. Whereas our proof of participation model depends on you're minting the coins based on activity, right? So if it's all done on activity, there is no need for identification, right? Which is a problem for many, right? On so many scales. Not only— it goes against many of the principles of cryptocurrency as far as anonymity right? And so that just doesn't work. But the other part is, uh, some people would say, oh, what about Sybil attacks, right? And a guy could just arrange a bot, and with that bot, he's able to just keep creating, and he's not actually participating. It's the bot doing it. Well, where the problem comes in on that, or I would say the second level of security, has to relate to the wallet. So Most of our activity is conducted on the Hive blockchain, and if people know about the Hive blockchain, uh, there is a small fee for getting a wallet, but the most wallets that they create, the more, uh, you know, uh, cost is going to ensue. So it, it doesn't become, uh, uh, you know, efficient for them to, to, to just keep using bots when, uh, we, you know, the, the process will know if those accounts that aren't participating are going to wallets that aren't, right? And so, you know, we invite you to use BitcoinNYK. You can thoroughly test that out and see, but ranked number 1 as far as UBI coins, and for good reason. So let's get over to BitcoinNYK, tell you a little bit about the relaunch of the BitcoinNYK Inflation Token and how it won't affect you all who already have the Inflation Token. And we're also going to talk a little bit about how you get more of the inflation token, right? All right, so what's happening today here on BitcoinNYK, right? Looking at some of the activity, uh, from the community as they're minting more and more BitcoinNYK tokens, right? Again, the best basic income cryptocurrency, the easiest to mint, etc., right? Just a phenomenal project. But, uh, why is the BitcoinNYK inflation token being relaunched, and what does it mean for those who already have it as such. So basically it doesn't really mean anything, uh, it kind of exists a classic version and a new updated version. Let's explain why the relaunch needs to happen, right? So what's been happening is that, um, what in our model we try to make our user interfaces so identifiable with systems people use every day. And so what happened in cryptocurrency, we have these weird 8 decimal point cryptocurrencies. And so when you're transacting these things, you, you're dealing with these large numbers, right? So in our updated version, right, and they'll both run side to side and they'll both continue to be used by the community. Community can, you know, use the ones they're comfortable with, uh, value will continue to flow in them. But, uh, with this this is going to work more on a 2-decimal point system. So more like how you can, you spend your current, uh, cash in your hand. So, you know, you know, 2 pennies, right? Or I'm sorry, uh, the lowest denomination will be like a penny, right? Uh, or 2 decimals, right? For those of y'all who aren't, don't use like American dollars and such. So, and that's just going to make it just more, uh, identifiable for people to use. And it's also going to make it more so when orders are put in on exchanges and such, there's going to be a, just a level of transactions that we, you know, we don't go below. And I think some people are going to maybe like that better than the classic in some ways, and maybe some will prefer the classics. But either way, you're going to have this, you're going to receive the same amount of the cryptocurrency on, on, and, and both of the coins, right? And so nothing to miss there, nothing really to change there. You don't have to do anything, uh, nor lose anything, right? You got both are going to exist. You're going to have the same policies and process, etc. Uh, so anything else? I think that's going to be it for the video because I'm trying to keep my videos down. You got many of you guys, you know, we could be a bit long-winded on this channel, and I know you guys are pressed for time, a lot of people, and just can't get through these videos. And, uh, so we're gonna try to cut them down, right? But that's all I want to say in this video. As always, don't forget to join BitcoinMYK today. Uh, if you're a XEM community member, I really think you're gonna like it. It's exactly like XEM, but you can interact with one another, right? So it's like a social network, etc., as well. You talk about your XEM stuff, talk about your XEM projects, talk about your own projects, and, uh, maybe get a few more eyes on it, etc. But All that, it's all there for you. Enjoy it. That's all I want to say in this video. Until next time, as always, take care of yourselves and each other.
