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Space and time are the forms of material being of the Universe. They have a quantum character as a result of a dialectic relation between attraction and expansion, continuity and discreetness. Time and space consist of their elementary parts – quantums. The question is: does the Universe have its own time, despite the fact that according to the theory of relativity, the local parts of the Universe with different gravity or inertia have different local times? Yes, it does! The time etalon for the entire history of the Universe is represented by the cosmic quantum jump, in which the Universe realizes its transition from one quantum level to the next. The time quantifying enables the cosmic jump from the expansion to the contraction to be made and on the other hand, from the contraction to the expansion without getting to singularities. The Universe pulsates. The knowledge of the nature of time and space quantifying allowed us to find the basic equation of the space dynamics of the Universe. Its analysis gives the answer to the question: what is the nature of gravity, speed of light and gravitational constant.

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