⚡What is PulseChain?

What is PulseChain?

PulseChain is essentially a better, faster version of Ethereum - think of it as Ethereum's smarter sibling. It's an open-source blockchain, meaning anyone can view and contribute to its code, and it's a public blockchain, which means it's available for anyone to use.

The most exciting part? PulseChain is a hard fork of Ethereum. Imagine taking a snapshot of every single transaction, every user account, and every interaction with smart contracts on Ethereum, and then cloning that information onto a new blockchain. That's what PulseChain did on May 10, 2023 at block height 17233000.

Now, Ethereum is pretty great, but it has its problems. One of the biggest is high gas fees, especially during busy periods. This is where PulseChain shines. It's designed to be a lot faster and cheaper than Ethereum. While Ethereum takes about 15 seconds to create a new block, PulseChain does it in just 3 seconds, making it super speedy and able to handle a lot more activity.

Also, PulseChain uses a different consensus mechanism from Ethereum, called Proof of Staked Authority (PoSA). This method makes the network more secure and allows anyone who stakes 32,000,000 PLS tokens (PulseChain's native token) to become a validator and earn transaction fees. However, keep in mind, this staking deposit is non-refundable.

So, to put it simply, PulseChain is like Ethereum, but faster, cheaper, and with some additional exciting features. It's a promising alternative in the world of programmable blockchains.