PulseChain (PLS)
Pulsechain is a cryptocurrency project that emerged from the HEX community, known for its association with the controversial crypto founder, Richard Heart. The project aims to provide an alternative blockchain network that enhances the capabilities of the Ethereum Virtual Machine (EVM) while introducing unique features and functionalities. Pulsechain is primarily recognized for its use of the native token, Pulsechain (PLS), which is employed by users to pay for gas fees on the network.
| Ticker | PLS |
| Category | PulseChain Ecosystem |
| Website | https://pulsechain.com/ |
| @pulsechaincom | |
| Telegram | PulsechainCom |
| https://www.reddit.com/r/Pulsechain/ |
The foundation of Pulsechain
Pulsechain as a layer 1 protocol
Pulsechain is designed as a Layer 1 blockchain protocol, meaning it operates independently of any existing blockchain. It is built on the Ethereum Virtual Machine (EVM), ensuring compatibility with Ethereum-based applications and enabling developers to easily migrate or deploy their projects on Pulsechain. By leveraging the EVM, Pulsechain aims to provide a familiar yet enhanced environment for developers and users alike.
Similarities and differences with other Ethereum forks
Pulsechain shares similarities with other Ethereum forks such as Binance Smart Chain, Avalanche, and Tron. These networks prioritize higher throughput, which often comes at the expense of some degree of decentralization. However, Pulsechain distinguishes itself from these forks through a unique approach: it copied the entire network state of Ethereum. This means that every token and smart contract on Ethereum was replicated on the Pulsechain network, offering a seamless transition for existing Ethereum users and developers.
The pulsechain sacrifice
Understanding the sacrifice phase
The Pulsechain sacrifice was a notable event in the early stages of the project, where users sent cryptocurrency to a designated address in exchange for PLS tokens. This process was termed the "sacrifice," and participants received "sacrifice points" based on the amount and timing of their contributions. The earlier and larger the sacrifice, the more points a participant received, with a maximum bonus of 2.5x for early whales. This mechanism aimed to incentivize early adoption and participation.
Timeline and outcome of the sacrifice phase
The Pulsechain sacrifice phase commenced on July 15, 2021, at 04:50 UTC and concluded on August 3, 2021, at 04:50 UTC. During this period, an impressive total of $670,007,371 was sacrificed. Contributions were made from various blockchain networks, including Ethereum, Binance Chain, Binance Smart Chain, Avalanche C-Chain, Polygon, Ethereum Classic, and Ethereum Optimism. This significant financial backing underscored the community's interest and support for the Pulsechain project.
Launch of Pulsechain
After much anticipation, Pulsechain was officially released on May 13, 2023. This launch marked the culmination of efforts to establish a robust and efficient Ethereum-compatible blockchain network. By offering unique features such as the complete replication of Ethereum's network state, Pulsechain provides a distinct platform for developers and users seeking an alternative to the original Ethereum network.