What are the latest updates on PulseChain and PulseX? In this video, we'll share with you the latest updates to PulseChain and PulseX. We will also explain why we are so bullish on PulseChain. Watch this video all the way through, so you don’t miss anything.
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The first big news about PulseChain and PulseX, and probably the biggest thing we're waiting for, is the improved consensus. In our last video on PulseChain, we explained why PulseChain hasn't launched yet. The main reason was that the developers are working hard to deliver a finished product that will work without bugs. They find bugs that others don't know about. They know the bugs and the consensus mechanism that nobody else knows. And so, before we launch the mainnet, we want everything to be perfect. Right now, we have a pretty cool opportunity because the Ethereum guys have finally put something out there or are about to, it's their Ethereum 2.0, which will now be called Ethereum. They will not be called Ethereum 2.0. Unlike PulseChain, there will be no new coins. You will not have a copy of your coins on Ethereum 2.0, it does not improve costs. There is no additional throughput. There is no additional gas limit. There is no additional throughput per second. All it does is reduce Ethereum's issuance rate, which is positive for the crypto as a whole. Ethereum has half the market cap of Bitcoin. And if Ethereum miners aren't constantly dropping the price and enriching power companies and hardware manufacturers at the expense of the environment and the price of Bitcoin, well, that's great. It's great for all of crypto and it's also great for PulseChain.
In our opinion, the two most important core concepts for PulseChain are basically with this upcoming merger, assuming it goes well. It's going to improve Ethereum a little bit. They have a lot of audits; they've done a lot of testing on that. So, we can only hope that this merger goes well. It does nothing but help PulseChain, the fees are always high. The gas limits are still low. No one is building additional capacity for Ethereum. No one is trying to reduce the fees for Ethereum except Richard Heart. And he's doing it through PulseChain.
And hopefully, Ethereum developers will eventually look into Sharding, which has been a dream of theirs for as long as Ethereum has existed. That would be great for PulseChain. It would help consensus a lot because a lot of the things that these developers have done for consensus are useful for us on PulseChain. And that's the one thing we're really looking forward to.
In our opinion, the two things people are most interested in PulseChain are more coins, more throughput, and less fees. That's the main value statement. And ETH 2.0 with this merger, doesn't give you new coins, doesn't give you lower fees, and doesn't give you higher debit. And so, the value proposition that PulseChain brings is totally clean.
The pressure on the entire crypto by removing the miners, who have to be paid all the time, is good for everything. As soon as this consensus is executed and fixed on PulseChain, it will be glorious.
Let's take a look at what next year might look like. PulseChain, PulseX, HEX on the Ethereum network, HEX on the pulse network.
HEX will be enhanced by PulseChain. PulseChain, especially in the beginning, will be enhanced by the new version of Ethereum. You're going to know that most of the activity is going to be through bridges at first until there are direct listings. That's right. Because you have to touch the world of money, you have to touch the economic energy that people get paid with. The more secure it is, the better it is for everyone. Not to mention, guys, HEX is on Ethereum too. So, a more secure Ethereum 2.0 is a good thing.
As far as wallets on Ethereum go, most people are not extremely happy with the wallet ecosystem on Ethereum. For this reason, Richard Heart has decided to create a new wallet movement. And it's already underway.
In theory, the vertical integration would be: you have trading on PulseX, you have the consensus network on PulseChain, and you have value storage on HEX. But in fact, all of that probably serves value storage quite well. But time storage, there's nothing that's going to do that better than HEX. And we have all these derivatives built on top of HEX now. There's a lot of interest in derivatives and DeFi protocols and they're emerging as equally important in cryptofinance. There's almost everything in the PulseChain ecosystem. There's the incentive token. There's the coin exchange, the consensus network wallet, the only thing left is the Fiat on and off the ramp.
Richard Heart's previous project was a very big project.
And so, if you like one Richard Heart invention, you're probably more likely to like other Richard Heart inventions.
PulseChain is going to revolutionize the entire cryptographic space. And many people have already figured that out. That's why there are so many projects waiting to be launched on PulseChain. At the time of this recording, there are over 120 crypto and NFT projects. But how many of them will be scams? Well, probably a lot. It's the same with all other networks.
But if people are going to get wrecked by margin trading in other networks, they better get wrecked somewhere that wrecks them as little as possible.
Many people have questioned whether PulseChain and PulseX would have a harder time achieving returns similar to HEX because the initial capital injection is much larger than for HEX. There is about $680,000,000 put into PulseChain and nearly a billion on PulseX.
There's no way to know for sure what things will do.
Richard Heart says the best estimate of the opportunity of speculative investment is the ratio of the number of people who know about it now to the number of people who will know about it.
Now, what percentage of Ethereum users have even heard of PulseChain? Again, it's hard to say. No mention in any article, anywhere. All the crypto news is completely silent about it. So, in our opinion, there's a big difference between the ratio of people who have heard of PulseChain and PulseX versus the ratio of people who are going to hear about the world's largest Airdrop.
There will probably be a lot of people happy to participate who have never heard of it before. So, in our opinion, that's the biggest indicator of PulseChain's potential. Nothing to do with the total amount sacrificed.
And so, by the way, just like HEX did 10,000x with only 100,000 stakers, PulseChain will certainly do more because it has already caught the attention of many people.
And by the way, PulseChain's chat room is 50% bigger than HEX's, even though it is ten times less old. There are obviously those who think that PLS can do up to 10,000 times, which is far-fetched but possible. But lately, we've seen many others say that it could take a long time before it does 10x or more. We find this to be so wrong. Look at Hedron, he went 20x in a month or two. The amount of hype for PLS is incredible. Thousands of people are just waiting to throw their money away on day one. We can easily see a 50x in the first month.
So, what do you think? Do you think PulseChain can make 50X in the first month? Share your thoughts with us in the comments section below.
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