PulseChain, a Faster, Cheaper and Fee Burning Ethereum Fork

The second-largest project in the cryptocurrency world, Ethereum’s only significant criticism has been its abnormally high gas fees which has divided people into looking for more affordable options. This is where the brand new ETH fork, PulseChain, comes into play. Richard Heart, the founder of PulseChain, ensures that it contains all the features that Ethereum offers but with relatively lower fees.

In an exclusive interview with Richard Heart, the Founder of Hex explained how cryptocurrencies are the highest appreciating assets in the history of humanity. More importantly, he thoroughly explained the PulseChain project, which aims to overcome the high gas fees problem of the Ethereum blockchain.
 
Forks on PulseChain Won’t Deprive the Original Innovators of the Credits

Heart feels that the only reason companies cannot perform as per the mark is their hideousness. The founder revealed that his company had three audits in total, out of which two were security audits, and one was an economic audit. Heart identifies that the main problem with forks is that the original innovator often gets no credit. However, PulseChain users are free to copy Defi protocols like UniSwap or ‘make an empty Ethereum fork’. Original UNI holders will be rewarded because if they are holding UNI, they will automatically get a copy on PulseChain. By doing so, the fork would not be a mere copy, and the original owner of the protocol won’t be deprived of the credits.

PulseChain is a Non-Contentious Fork of Ethereum

Heart adds that PulseChain is a non-contentious fork of Ethereum. The signatures are different from that of the original chain, which forbids replay attacks and makes the network bidirectionally safe. Moreover, Heart feels that PulseChain will enhance the value of ETH. In a week or two, PulseChain will release the final specifications for on-ramping the users for the ‘Sacrifice Phase’. However, this is still tentative and may also take three weeks. The fully functional PulseChain mainnet may also require three months.

However, the Hex CEO still feels that cryptocurrency has still not reached its true potential. While taking the recent hype of Dogecoin as an example, he explained how investors put all their money into a new project only to realise that it has no technical merit. However, if Dogecoin manages to reach the $1 mark, its value will be relatively greater than BTC’s value in 2017.