Today’s article will explain the difference between PulseX and PulseChain! We personally believe that many channels and blogs presume their audience already knows the specifics of each cryptocurrency, but not everyone does! We believe it is critical that you brush up on the specifics of crypto in which you intend to invest.
What is PulseX and PulseChain? And is there any big difference between the two that one should be aware of? In this article, we’ll be precisely looking into the difference there is between PulseChain and PulseX, and help decide which is a better investment or not. Hello and welcome back to our website The Comprehensive Minds. So without waiting any further, let’s get right into it.
Crypto Bear Market
Like it or not, Richard Heart has outdone himself in this bear market. While the entire crypto community is worried that any other project they’ve invested in may have the same fate as that of Terra LUNA or Celsius which filed for bankruptcy; HEX which many believed is a scam seems to be holding up really well!!!
Because of this, Heart has proven his worth which is a reason why the community is so engaged with PulseChain & PulseX and growing every passing minute!!! However, from an investor’s point of view, this brings an important dilemma, especially for those who have more faith in Richard Heart.
Difference Between PulseChain & PulseX
Since both PulseChain and PulseX are the brainchild of Richard Heart, raising an important question; which is better to invest in, and why? Before we can answer that, let’s first look into what PulseChain and PulseX are. And also see what’s the difference between the two.
One can be thankful to Ethereum because that is the entire reason behind why we’re going to have PulseChain. Just like many, Heart also got fed up with Ethereum’s high gas fees and slow transaction rate. As a person with knowledge of creating a successful crypto project before, and with entrepreneurial instincts, he wants the community to have something better and thus decided to work on PulseChain.
This is precisely why he built PulseChain as the first hard-fork with the full system state of Ethereum; meaning PulseChain will contain the copies of every Ethereum’s smart contract, tokens, and user account. Additionally, it is built for speed and efficiency due to its general purpose blockchain. For reference, it takes 15 seconds for a transaction to be completed in Ethereum.
On PulseChain, it will only take 3 seconds and at times even less than that. Now, Isn’t that something? With the help of its high throughput, its 3seconds block time, and low transaction fees, PulseChain is the most ideal for building decentralized applications. While being at it, Heart wants PulseChain to be eco-friendly as well and this he will achieve through the help of a “Proof of Staked Authority” Consensus mechanism.
A modern consensus mechanism is achieved through the help of validator staking, rotation, and slashing as native system contracts. PLS will be the native PRC-20 token of PulseChain and will find its utility in voting, delegating stakes to validators, and payments of the transaction fees.
PulseX on the other hand is entirely different. It is not the fork of Ethereum but rather the fork of Uniswap. It is designed to be the leading Decentralized Exchange (DEX) of PulseChain’s ecosystem. Since a lot of projects are going to be built on PulseChain, as we’ve already seen over 115 are currently in progress, there will be a need to exchange their tokens to access those projects.
In a way, PulseX enables the exchange of PRC20s on PulseChain for one another. Since DEXs like Sushiswap and Uniswap have their governance tokens such as SUSHI and UNI, respectively, the PLSX will be PulseX’s native token.
Thus, once the project will be launched, both PulseChain and PulseX will do entirely different jobs and this is precisely how they are designed to be from day one. PulseChain is like a house with its own garage, kitchen, rooms, and other utilities. PulseX on the other hand is the key to the doors of this house, allowing a person to roam around in different sections of the house!!!
Collectively, both PulseChain and PulseX were able to gather $1.67 billion in their sacrifice stage, one of the highest in crypto’s history. However, the amount sacrificed on PulseX was slightly higher than that of PulseChain, in fact, 25% which is due to two reasons.
One is that PulseX will be more deflationary thus as time passes, its price will most likely increase. The second is, that PulseX’s sacrifice stage ended later than that of PulseChain’s thus it had more time to gather more people which PulseChain couldn’t.
Which is a better investment
Now coming back to our original question: the big difference between the PulseChain and PulseX, and where should you invest for maximum profits? While both are worth it and will prove likewise in the coming years, however, there is a good chance that PulseX “might do better” when compared with PulseChain since it has the following:
It has auto staking, giving more incentive to people to invest in it and hold for longer durations, similar to HEX. It will have an incentive token. We don’t know anything about it yet but some believe it may very well be a future game-changer.
PulseX has better tokenomics than that of PulseChain. PulseX also has buy/burn which PulseChain doesn’t have. Depending upon how popular PulseChain becomes, owning PulseX, a DEX of PulseChain will be like owning a small portion of the Federal Reserve.
On the other hand, PulseChain has its strengths largely due to it being a “better” Layer 1 crypto than its competitors. And over the years we’ve seen Layer ones outperform others. However, one major reason that might not make PulseChain to be bought too frequently also lies in its cheap transactions, which could mean less than $10 for over 100 transactions.
So users might not be too interested in buying it frequently, thus less liquidity. The competition between the two is going to get serious once everything goes public and despite whichever one goes bullish on, there is a good chance both will give promising results. This is because whoever has faith in PulseChain will also have faith in PulseX and the other way around.
So, what do you think? Who do you think will do better and which one should you invest in? Don’t forget to let us know in the comments below. We hope you guys found this article resourceful and entertaining. If you have any more information to add to improve the content in this article, do so in the comment section.