Is PulseChain going to be Ethereum 2.0?

The PulseChain project is led by Richard Heart, who also founded the HEX project. PulseChain is a network and Pulse (PLS is the recommended ticker) is the native coin of the PulseChain system.

PulseChain is an Ethereum hard-fork that transforms a snapshot of the entire Ethereum blockchain into a proof of stake blockchain, with faster trading hours and lower rates. The PulseChain team emphasised some of the features they say will differentiate the project from Ethereum. This means it is more energy efficient, faster, and cheaper than Ethereum.

However, it is worth noting that Ethereum is making upgrades that can solve some of the current energy problems. Ethereum's ETH tokens do not have a maximum supply cap, which poses an inflation risk to holders. PulseChain's official cryptocurrency is PLS, designed as a deflationary asset. Eliminate the risk of PLS inflation with the token burn mechanism. In addition, validators only earn fees, and 25% of the fees are burned to reduce circulating supply.

Ethereum's own EIP1559 establishes a combustion mechanism similar to that proposed by PulseChain. In addition, PulseChain says they want to offload the Ethereum network and has no intention of killing or directly competing with the Ethereum network. Furthermore, the chain initially seems to be designed to allow HEX holders to trade while avoiding Ethereum gas charges.

The PulseChain network is in testing and will be launched shortly, but the launch date has not yet been confirmed. There was a 30-day sacrifice period prior to launch, giving investors the opportunity to convert some of their crypto assets, such as ETH and HEX, to PLS after they were released.

Since PulseChain will be a hard-fork of the Ethereum blockchain, it's going to mirror all of the ERC-20 tokens that exist over to PulseChain. Users will correctly get hold of a replica of all their contemporary property on PulseChain or even the ones now no longer making an investment in PulseChain can get hold of those tokens.

Nevertheless, PulseChain's local token and all of the cash on it are designed to start with no value, to give credit to the work of others. Not only is it being replicated it's very advanced to become a chosen Proof-of-Stake blockchain like Binance Smart Chain or EOS.

Running with a set of validators will keep away from excessive gas costs while making transactions on PulseChain. This version allows optimisation as a way to reduce block instances to round 3 seconds. Which in comparison to Ethereum's contemporary 13, is a 4x improvement. PulseChain will be defined as a Binance Smart Chain-fashion blockchain.

Once PulseChain is officially released, it will be interesting to see the reaction from the DApp developer community. Perhaps more interesting is the team's marketing efforts to attract developers to porting. It's unclear whether PulseChain is just a vessel for HEX token holders to trade their business, or an attempt at a full-fledged blockchain solution aimed at attracting a vibrant DApps ecosystem. In any case, this project offers a very dynamic staking opportunity for those looking for a long-term investment, and especially for those who have trusted in and invested in the HEX project.

What are your thoughts on PulseChain, do you think it will be the new Ethereum? Leave a comment and let us know!?