PulseChain is a Layer 1 blockchain forked from Ethereum, launched in May 2023 with fast transaction speeds, low fees, environmentally friendly, and fully compatible with the Ethereum ecosystem.
PulseChain has gained significant attention due to the largest airdrop in history for Ethereum users, an advanced PoSA mechanism, non-inflationary tokenomics, and the goal of becoming the top choice for DeFi and NFTs on the new Layer 1 platform.
MAIN CONTENT
PulseChain is a Layer 1 blockchain forked from Ethereum, optimizing speed, low fees, and scalability.
The PulseChain ecosystem stands out with EVM compatibility, large airdrop, PoSA consensus mechanism, and non-inflationary token.
Despite having great potential in DeFi and a strong community, PulseChain still faces challenges with its nascent ecosystem and the founder's legal controversies.
Why does PulseChain excite the blockchain community?
PulseChain has become the center of attention as new Layer 1 projects continuously emerge, claiming to challenge Ethereum's leading position. Launching its mainnet in May 2023, PulseChain quickly made a significant impact by implementing an extremely large airdrop program for the Ethereum community and proposing a network optimized for cost, speed, and environmentally friendly experience.
The standout difference of PulseChain is the "copy-paste" mechanism of the entire Ethereum network state, allowing projects, contracts, and historical data to transition to a powerful new blockchain without needing to rewrite. This has created a wave of excitement in the blockchain community right from its launch.
What is PulseChain?
PulseChain is a Layer 1 blockchain forked from the Ethereum network, launching its mainnet in May 2023, founded by Richard Heart, aimed at addressing Ethereum's inherent limitations with superior transaction speeds, extremely low fees, no inflation, and environmental protection.
By copying the entire state at the time of hard fork (transactions, balances, smart contracts, ERC-20 tokens), PulseChain presents a "twin blockchain" model with Ethereum. Accordingly, developers and users can continue to operate on PulseChain without needing to redeploy the system, saving time and costs.
PulseChain copies every ERC-20 token to the PRC-20 standard, allowing developers and the community to continue interacting on the new platform without technical barriers.
Analysis from Messari, Q2/2023
PulseChain aims to go beyond being just a "copy" by targeting processing speeds of up to 1.5 million transactions per second – many times the current capacity of Ethereum (15–30 transactions/second). This opens up the prospect of "redefining" the blockchain experience, with near-instant latency, extremely low fees, and virtually unlimited scalability.
How does PulseChain operate?
PulseChain combines technological improvements, economic models, and infrastructure structures to optimize performance, costs, and scalability, while maintaining a familiar experience for both developers and Ethereum users.
What is the Proof-of-Staked Authority (PoSA) consensus mechanism?
PulseChain applies the PoSA consensus mechanism – combining the advantages of Proof-of-Stake (PoS) and Proof-of-Authority (PoA) – to ensure both decentralization and efficient transaction validation.
In this model, validators are selected alternately every 24 hours based on the amount of PLS staked by the community. This minimizes monopoly risk, creates fair competitive participation, and encourages widespread staking.
Overview of the PulseChain ecosystem, August 2023
Overview of the PulseChain ecosystem, August 2023
This model helps PulseChain achieve high security and stability, while maintaining optimal operating costs and being environmentally friendly.
How do the transaction speed and block time of PulseChain differ?
Based on a lightweight consensus mechanism, PulseChain achieves an average block creation time of only about 3 seconds, with theoretical throughput reaching up to 1.5 million transactions per second – far surpassing the 15–30 transactions/second of traditional Ethereum.
This speed surpasses other prominent Layer 1 competitors like Solana and Avalanche in many theoretical scenarios, while also establishing an ideal scenario for DeFi, GameFi, NFT, SocialFi platforms – sectors that require high transaction volume processing in real-time.
Typical example: During the largest airdrop in history for Ethereum holders in May 2023, PulseChain efficiently processed millions of token transfer orders in a short time – demonstrating impressive real-world network performance.
Is PULSE (PLS) a non-inflationary token?
The significant difference of PulseChain comes from its tokenomics model: All PLS are generated right from the initial distribution, with no additional issuance later, equivalent to 0% inflation. All transaction fees on the network will be automatically burned, gradually reducing the total supply of PLS over time.
The implementation of a non-inflationary mechanism and burning fee makes PLS one of the few Layer 1 tokens aiming for natural deflation – providing sustainable value growth expectations for holders.
Users benefit from a strict inflation control model: "Reasonable initial distribution, combined with regular burning, contributes to building a strong token holding mentality."
Crypto Briefing, June 2023 market analysis
However, PLS price volatility still needs to be controlled by holder sentiment after large airdrops, especially in the early stages when liquidity is not yet stable.
Is PulseChain fully compatible with Ethereum?
PulseChain ensures 100% compatibility with the Ethereum Virtual Machine (EVM), allowing all contracts, dApps, and ERC-20 tokens to transition to the PRC-20 standard on PulseChain with minimal configuration changes.
Projects like PulseX, 9inch, Phux,… have quickly launched and achieved a large user base thanks to the ability to copy-paste dApps, facilitating rapid integration with the existing Ethereum developer community.
PulseChain's strength lies in being a "new launchpad that does not create technical barriers for thousands of Ethereum projects – this is the key factor for network effects."
Excerpt from Electric Capital report 2023
This helps PulseChain leverage the resources, knowledge, utilities, and infrastructure that have successfully been built on Ethereum, expanding opportunities for new Layer 1 projects to join the "Ethereum Killer" race.
What highlights attract attention to PulseChain?
Building on Ethereum's advantages and adding new improvements, PulseChain quickly established its own position through a series of distinctive features and strategies:
Copying the entire state of Ethereum: transferring the "intact" ecosystem of applications, smart contracts, tokens, balances, transaction history...
Transaction fees are 100 times lower than Ethereum: Fees on PulseChain are only 1/100 of Ethereum, completely solving the congestion problem, allowing dApps to operate stably even during peak times.
Extremely short block time – high throughput: 3 seconds/block, up to 1.5 million transactions/second, ideal for DeFi, GameFi, NFT.
Non-inflationary model: Token distribution is fully from the start, regular fee burning, promoting staking and holding incentives.
The largest airdrop in history: Bringing millions of ETH/ERC-20 holders to become PulseChain users, creating a large network effect right at launch.
Environmentally friendly: PoSA significantly reduces electricity costs, aligning with global blockchain greening criteria.
Notably, the free airdrop program for all ETH and ERC-20 holders witnessed unprecedented levels of interest with thousands of transactions per hour in the first week of the mainnet. This is a strategic move to expand the community and increase global brand recognition for PulseChain.
What are the potentials and challenges of PulseChain?
Despite having a strong technological foundation, an attractive tokenomics model, and a large community, PulseChain still faces several barriers if it wants to become a "serious contender" in the fiercely competitive Layer 1 space.
What are the great potentials of PulseChain?
The new DeFi ecosystem – PulseChain is the ideal place for DeFi projects to expand due to low fees, fast speeds, and the ability to handle a large volume of transactions. The PulseX project has already demonstrated strong appeal by attracting large liquidity and new investors.
"PulseChain emerges as the future destination for DeFi dApps – where the experience of 'blockchain mass adoption' can be realized with low fees and high speeds."
David Hoffman, Founder of Bankless, Q2/2023 analysis
EVM/Ethereum compatibility is also a significant leverage, helping PulseChain quickly attract a multitude of experienced builders, utilizing open-source code and existing assets. This is something most new Layer 1 competitors find difficult to achieve.
The community effect cannot be ignored: Richard Heart has a large supporter base, especially from the HEX community. The validator count exceeding 50,000 shows that the network has a real attraction to the global community.
What is the main challenge that PulseChain is facing?
Despite rapid development, PulseChain is still a new ecosystem, lacking high-quality projects outside of PulseX. The lending protocol, oracle, and launchpad systems are still in their infancy, and the tools available for developers are not yet on par with Ethereum or Solana.
A major challenge is the legal controversy surrounding Richard Heart – the project's founder – who is being sued by the U.S. SEC for securities offering and capital usage issues. This affects traditional investor confidence, as well as limits cooperation from major exchanges and investment funds.
Moreover, the phenomenon of strong PLS and PLSX price volatility right after the airdrop due to large supply and profit-taking sentiment poses a requirement for new users to carefully manage risks.
Criteria PulseChain Ethereum Block creation speed 3 seconds 12 seconds Theoretical transaction throughput 1.5 million transactions/second 15–30 transactions/second Transaction fees 100 times lower High, especially when congested Token model Non-inflationary, fee burning Inflationary, upgrades after Merge Initial airdrop Largest in history for ETH holders No large-scale airdrop
Information about Token and PulseChain Tokenomics
PULSE (PLS) is the central token of the PulseChain ecosystem, serving the roles of gas fee, staking, and network governance. A notable feature of PLS is the non-inflationary model, with the total supply distributed from the initial round:
Attribute Information Token Name PulseChain Symbol PLS Blockchain PulseChain Standard PRC-20 Token Type Utility, Governance Total Supply 135,085,881,560,694 PLS Storage MetaMask, Pulse Wallet,… Trading OKX, SafeTrade, Kanga, PulseX
Users can add the PulseChain network to MetaMask with the following parameters: Network Name: PulseChain Mainnet, Chain ID: 369, Symbol: PLS.
The main distribution method for PLS is through a massive airdrop program for ETH and ERC-20 holders, along with a natural deflation model due to the automatic fee burning mechanism.
0% inflation, no new issuance after the airdrop
Burn transaction fees permanently, gradually reducing supply
Staking is rewarded with network fees
Used for paying gas fees, governance, and staking
This creates an incentive to "HODL", long-term holding, and lays the foundation for sustainable, transparent tokenomics.
What stands out about the PulseChain project team and its investors?
Richard Heart – founder of PulseChain – is a highly influential figure (especially from HEX), possessing the ability to build a sustainable community but also creating many controversies due to SEC accusations of violating securities regulations.
As of now, PulseChain has not detailed its technical team and has not recorded any major institutional investors confirming participation as of June 2024. The strength of the project mainly comes from the developer community, individual holders, and media effects.
Conclusion
PulseChain promises an optimized Layer 1 blockchain, inheriting experience from Ethereum but radically improving speed, fees, and scalability, while laying a foundation for transparent and environmentally friendly tokenomics.
Although it has great potential, PulseChain is still a relatively new ecosystem – the number of pillar dApps is still limited, controversies surrounding the founder and short-term price volatility remain challenges. Nevertheless, the large community, record-scale airdrop, and EVM compatibility are strong catalysts that make PulseChain a choice worth attention from investors and builders, especially as new DeFi projects continuously emerge on this Layer 1.
Frequently asked questions about PulseChain
Can PulseChain truly replace Ethereum?
PulseChain has many advantages such as speed, low fees, EVM compatibility. However, the ecosystem is still in its infancy and Ethereum remains the industry standard, thus PulseChain is a supplementary choice, not a complete replacement.
Does PLS have long-term price appreciation potential?
PLS has a non-inflationary model and a burning fee mechanism to reduce supply, with price appreciation potential if the ecosystem develops, but risks and short-term price volatility should still be considered.
Do ETH and ERC-20 holders automatically receive PLS airdrop?
ETH and ERC-20 holders at the time of the snapshot will automatically receive free PLS on PulseChain, depending on the balance and distribution criteria of the airdrop program.
Is PulseChain environmentally friendly?
PulseChain uses a PoSA mechanism, which is more energy-efficient than PoW, minimizing environmental impact compared to traditional blockchains.
Is PulseChain truly decentralized?
The network has over 50,000 validators, with a high distribution rate, aiming for decentralization, but still needs monitoring to maintain long-term benefit balance.
What types of wallets does PulseChain support?
PulseChain supports MetaMask, Pulse Wallet, and other PRC-20 compatible wallets, making it convenient for Ethereum users to transfer assets to the new network.
How to add PulseChain to MetaMask?
Users can add the PulseChain Mainnet to MetaMask using Chain ID: 369, symbol PLS, along with the RPC URL and explorer provided on the official PulseChain website.
Source: https://tintucbitcoin.com/pulsechain-pls-la-gi/
Thank you for reading this article!
Please like, comment, and follow TinTucBitcoin to stay updated on the latest news in the cryptocurrency market and not miss any important information!
