Pulsechain is an Ethereum fork that aims to improve upon the original blockchain by implementing delegated proof of stake validators, shorter 3-second block times, and a fee-burning mechanism to combat inflation. This innovative layer-1 solution eliminates the need for mining, making it more environmentally friendly and cost-effective.

With a current price of $0.0002 and a circulating supply of 14.8 trillion tokens, Pulsechain has already experienced significant price fluctuations since its inception. Despite the volatility, the project has garnered attention from the crypto community for its potential to address some of Ethereum's limitations.

What is Pulsechain?

Pulsechain is a layer-1 blockchain that aims to improve the Ethereum ecosystem by addressing its scalability and high gas fees issues. It enhances Ethereum's speed and efficiency by reducing the computational strain on the Ethereum blockchain and creating a cost-effective alternative for smart contract execution. Pulsechain has a block time of three seconds, making it considerably faster and more scalable than Ethereum's 15-second block time.

The native token of Pulsechain is PLS, which serves as a utility token within the Pulse platform, a decentralized network of content creators, curators, and consumers. PLS can be used for various purposes, such as activating validators, paying for transactions, and bridging to other chains.

Tokenomics and Distribution

PLS has a fixed supply of four billion tokens, and its tokenomics include deflationary features, such as burning a portion of transaction fees, reducing the supply over time. Pulsechain also implements EIP-1559, which means that every transaction on the network has a base fee that is burned and a tip that goes to the validator.

PLS is freemium, meaning that ETH holders can transact for free with freemium PLS, which is a free copy of their ETH balance in PLS on the Pulse network. This allows ETH users to enjoy the benefits of Pulsechain without sacrificing their ETH. Pulsechain uses proof-of-stake as its consensus mechanism, allowing users to stake their PLS tokens to activate validators and earn rewards for helping to secure the network.

Unique Features and Benefits

Pulsechain aims to democratize access to the Web3 ecosystem by enabling users to transact for free using the PLS token system, lowering the barriers to entry for new users and helping them engage within the space without worrying about high transaction fees.

The platform also supports various token standards, including PRC-404, which is a hybrid ERC-404 token standard. The PRC-404 token standard allows users to gain exposure to NFT price performance by buying the native coin on the open market, as NFTs and coins are priced at a 1:1 ratio. This fractionalization feature enables users to have exposure to NFTs even if they can't afford to buy the entire NFT.

Controversy and Community Support

The controversy around Pulsechain includes its dubious launch, buggy mainnet, controversial founder, and doubtful track record. However, Pulsechain has also received support from the community, with thousands of Ethereum-based tokens and NFTs receiving their free PulseChain versions, creating a new gold rush for value discovery.

The Team Behind Pulsechain

The team behind Pulsechain is led by Richard Heart, a controversial but experienced figure in the blockchain industry. They have a strong background in blockchain technology and cryptocurrencies, and have demonstrated their ability to create and manage successful projects in the space, such as HEX. However, the project is still in its early stages, and the team's ability to deliver on their promises remains to be seen.

Conclusion

Pulsechain is an ambitious project that aims to address some of Ethereum's limitations by providing a faster, more scalable, and cost-effective alternative. With its unique features, such as the PRC-404 token standard and the freemium PLS model, Pulsechain has the potential to attract a wide range of users and developers to its ecosystem.

However, the project is not without its controversies, and the team's ability to execute on their vision and deliver on their roadmap remains to be seen. As with any crypto project, it's essential to conduct thorough research and exercise caution before investing in Pulsechain or any other cryptocurrency.