Whether you're a newbie or a veteran of crypto-currencies, you've probably heard of PulseChain. But many people don't always know what PulseChain is, or why many think it has the potential to make 10,000X. If you want to understand the idea behind the PulseChain project, this video is for you.
In this video, we will explain in a simple way what the PulseChain project is. Then, we will also discuss the legitimacy of PulseChain and how you can purchase PulseChain crypto. Therefore, you will learn about PulseChain crypto and whether you should buy it or not. After that, you can decide whether you want to invest in PulseChain or not. Watch this video all the way through, so you don't miss anything.
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Now, let's get started.
First of all, this video is not a financial advice. You should do your own research before investing in any project or asset. Cryptocurrency is an extremely volatile market; this means that the prices could drop and rise really quickly. Therefore, you should be totally aware of what you are investing in.
Now, let’s get back to our discussion. PulseChain is a new cryptocurrency that intends to copy the Ethereum network. You may think why would they copy Ethereum if there is already an Ethereum. They actually plan to copy the Ethereum network, copy all the code, and change some parts. They want to make an Ethereum network that is cheaper in transaction fees and faster.
The PulseChain can be briefly defined as a Complete Fork of the Ethereum Network. This means that it acts, feels, and recognizes all the tokens and other crypto assets that the Ethereum network does.
It is important to understand that, according to PulseChain sources, "exact copies of all smart contracts, ERC-20 tokens, ERC-721 NFTs, and user accounts will exist on PulseChain. Because of the extent of applications and use cases deployed on the Ethereum main net, it's not possible to anticipate exactly how any cloned assets will be valued by the community. Some contracts and applications will work 100% as they do on Ethereum, other contracts such as centralized stablecoins are unlikely to have the authoritative support behind them."
So, yes. PulseChain Is compatible with EVM. But let's elaborate on this topic, so you would know to what extent PulseChain is compatible with EVM. As we mentioned above, PulseChain wants to copy the Ethereum network completely. Then, fix some issues with low speed and high transaction fees. Therefore, the final product will be exactly the Ethereum blockchain with only a few changes.
The PulseChain crypto will also copy the tokens that exist in the Ethereum ecosystem. This means that PulseChain will copy all of the cryptocurrencies and NFTs that exist on Ethereum. Then, all of the tokens that exist on the Ethereum network, will also exist on PulseChain as well. Therefore, Pulsechain crypto is not only compatible, but it's kind of the same thing.
Now, you may ask: All the Tokens but None of Cost?
Well, this is something that could not have been thought even 2 years ago that you could trade all the tokens that you could trade on the Ethereum network the same way on the PulseChain. This gives you an automatically prepared marketplace. Meaning everyone who wishes to trade any coin on the Ethereum network is your customer.
This comes, in addition to the fact that the cost of trading on a Dex on PulseChain would be a fraction of that on the Ethereum network. The cost of transactions on the Ethereum network has been a big concern for many traders who end up paying hundreds of dollars on a busy day of trading for processing transactions on the Ethereum network. Well, the good news is they can trade the same tokens at a much lower cost, often a fraction of what it will cost them on Ethereum.
The Ethereum network currently works at a block speed of about 13–15 seconds. A busy trader knows that in crunch times when the market is very volatile every nanosecond counts. Oftentimes, traders playing arbitrage can make thousands of dollars buying currency on one exchange and selling it on another simply due to their ability to instantly transfer currency faster than the Ethereum network.
This makes a higher speed of execution very important and attractive for a Dex. Moving from the Proof of Work (PoW) consensus algorithm to Delegated Proof of Stake (DPoS) has allowed PulseChain to dramatically speed up its processing time because DPoS does not use mining to validate transactions.
Not having your blockchain network also allows for the ability to not waste all the electrical power wasted mining for PoW validations. Not only will future DEX on PulseChain be more democratic, cheaper, and faster, but it will also have the claim to be sustainable and environmentally friendly.
Now there's another thing that makes PulseChain even more interesting. It is the fact that it is deflationary.
Actually, the Deflationary is Better Than the Inflationary.
When the supply of your coin keeps growing, it creates inflationary pressure on the currency. Many new projects are including burning off their native token to create a deflationary counterpressure by burning off the native token. This is also true for the Pulse token. According to the documentation of PulseChain documentation, "because it burns 25% of each transaction's fees in order to reduce circulating supply … to increases the rarity, thus the value of Pulse." This will also allow Dex to offer better value to its peer-to-peer clients.
Being a Dex means frequently launching transactions to be processed. With transactions come Gas fees. It is a well-known fact that Ethereum’s gas fees, paid for each transaction on the blockchain, have grown exponentially. Growing to costs of up to one hundred dollars per day and reaching into thousands of dollars over a client’s portfolio. This has spurred many other busy layer-2 apps on Ethereum to leave for other networks or create their own networks. We mention this because for Dex fees are a primary consideration and a major factor in choosing the platform they are built.
Consequently, it is fruitful to think why new DEXs go online on new networks, it is to capture a market segment that has not been captured yet. Developing a Dex on PulseChain rather than Ethereum and more than any other network is the qualities of better speed, lower cost, and the deflationary nature of the Pulse coins. These features make PulseChain the obvious choice to build a new decentralized exchange due to the above-mentioned features. Now, since PulseChain has not yet been launched and its sacrifice phase is long over, the best way to get the token before it explodes is to participate in the airdrop.
To get the PulseChain airdrop, you should hold your ERC-20 tokens in a crypto wallet. Remember that it should be in a non-custodial crypto wallet, and not an exchange crypto wallet. In other words, DO NOT hold your coins on an exchange, otherwise, your address won't be credited.
You can hold your assets in a popular wallet, such as MetaMask, Trust Wallet, Exodus, or Ledger and Trezor. We recommend always using a hardware wallet, and never typing your secret recovery seed phrases into any device, in case you have a key logger on it. Secure your recovery phrases safely offline, with no electronic copies.
You need to ensure that, you keep your assets in your own wallet, before the fork date.
It is important to note that, only the assets you have on the Ethereum blockchain will be copied over. So, tokens you hold on Polygon or BSC will not be copied over to PulseChain.
The network will launch disconnected from the markets, to allow people to get airdrops and forked assets at no market value. After at least 48 h required for regulatory purposes, it will connect to the markets, first by using bridges, then eventually direct fiat on-ramps, centralized exchanges, and cross-chain exchanges
Now that you know more about PulseChain, do you think it will do 10,000X? Let us know in the comment section below.
And if you are new to the pulse ecosystem, and want to know more about the pulsechain, hex, or pulse X, we have curated a huge playlist, with all possible questions in peoples minds, it has more than 140 videos as of now. go check them out for more detailed information on this ecosystem, the link is in the description
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