Many people have asked us in the comments why PulseX is better than PulseChain? What is the difference between the two? What makes these two tokens different? and more.
In today's video, we're going to answer all these questions. So, as usual, watch this video until the end to get all the details and finally be fixed on this subject.
HI CRYPTOPRNRS! we are giving away $1000 to 10 lucky winners! Each winner will get $100 to start their crypto journey. All you need to do is like the video, subscribe, comment on your favourite crypto coin in the comment section and register yourself on our giveaway link [linktr.ee], in the description! Winners will be announced in our videos & Telegram group! you should also consider joining our channel as a member! Our members enjoy cool perks, free merch, exclusive deals, and more!
Let's get started!
Let's go step by step!
To know the difference between the two, you need to know them individually first.
PulseChain is the fork of the Ethereum ecosystem, while PulseX will be the one from Uniswap.
In simple language, PulseChain is a blockchain-based crypto ecosystem that has broken away from the Ethereum blockchain. Think of it as the son of Ethereum that decided to break away to pursue his ambitions. PulseChain makes massive improvements to the drawbacks of Ethereum.
For those who don't understand what a blockchain fork is.
Think of PulseChain as a new and improved version of Ethereum. The entire Ethereum platform was copied (known as a hard-fork), and then improvements were made on top of it.
Pulse (PLS) is the native token of the PulseChain PRC20 network, just as Ether (ETH) is the native token of the Ethereum ERC20 network.
PulseX is the decentralized exchange of PulseChain, like Uniswap. But you will be able to exchange PRC20 tokens on PulseX (such as exchanging PLSX for PLS). You will also be able to use bridges to exchange crypto-currencies from other blockchains (such as swap MATIC for PLS).
What you also need to know about both is that they have very good Tokenomics. Reward tokens are inflationary, which means that their supply increases continuously.
PLSX for example never inflates. So, the supply of PLSX will decrease over time. When the supply stays the same or decreases, the price of the asset is primed to increase (if we assume stable or increasing demand).
With PulseChain, with the latest EIP 1559 protocol, the PLS burn rate reduces from 25 to 75%. You can see why these tokens are not inflationary. Because, the coins are not produced, on the contrary, it decreases after each transaction.
As this is a hard fork, the whole platform has been copied. This means that all coins and protocols that existed on Ethereum will be copied to PulseChain. If you have ERC20 coins on Ethereum you will also have the same number of coins on the PulseChain network. The value of these coins is unknown at the moment. The market will decide the price.
Hex claims to take the functionality of bitcoin but uses proof of participation and adds a staking mechanism that increases returns for those who complete their term, in negative proportion to those who do not. Instead of paying the newly minted currency, i.e. inflation, to the miners as with bitcoin, Hex pays inflation to the stakers who ensure stability. Ideally, the potential for easy profits will fuel mass adoption, after which an effective ecosystem can be built on its fundamentals. PulseChain and PulseX are supposed to be the first steps in this ecosystem.
Hundreds of successful DApps have been launched on Ethereum, but the popularity of the network has made it expensive to use and slow. Gasoline fees, the price to validate transactions have sometimes reached hundreds of dollars.
This has allowed developers to realise the potential of new Layer 1 chains, such as Solana, Binance Smart Chain and Polygon, which host their DApps. Some of these chains are not compatible with Ethereum and require bridging solutions to interact.
For users, the most obvious benefit of using an EVM-enabled chain is that you can trade an ERC-20 token on that DEX, or buy a project token from your chain on an Ethereum DEX like Uniswap. This is where PulseChain comes in and is highly compatible with Ethereum.
As you can see, Pulse is the native part of PulseChain, in the same way, that eth is the native part of the Ethereum core network, or BnB is the native part of the Binance Smart Chain, or Matic is the native part of Polygon.
PulseX is the native coin of PulseX DEX (Decentralized Exchange) owned by Richard Heart. All DEX have their native parts. Some examples are Uni, for UniSwap, cake, for PancakeSwap, Che, for cherryswap, and many others that you probably already know.
PulseChain and PulseX both have different use cases.
So, PULSE is not better than PULSEX or vice versa. They are simply two completely different things.
We hope you guys found this video tremendously valuable and especially entertaining. Be sure to check out our Crypto Brand called CRYPTOPRNR; to get yourself the highest quality Crypto Merch available right now on the market and also make sure to subscribe so that you don't miss out on any of our content. Till next time, Goodbye.