PulseX versus Pulsechain: Whats the difference?
Updated: May 5, 2022
What is Pulsechain?
Pulsechain is a soon to be released blockchain network based on Ethereum with a dash of Binance Smart Chain code. It is copying over the entire system with everything currently on Ethereum, user tokens and all(Worlds largest airdrop), and starting with a full and built ecosystem already ready go.
It requires gas fees to be paid in order to do any transaction on the network, which is paid in PLS(Pulse Token). +25% of every gas fee paid in PLS will permanently be burned from supply. Unlike Ethereum, Pulsechain Runs its consensus by form of Delegated Proof of Stake.
This means that in order for a transaction to be validated and included permanently in a block, PLS holders can “Vote” on the Validators which have shown to perform the best in the past and give the most rewards to those who vote for them.
A total of 33 validators will be in constant rotation to uphold the network, though there will be more that will be trying to get into rotation. It is more eco friendly and has the ability to process much more transactions per second than Ethereum.