- July 2, 2023
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Welcome to the new world of PulseChain: Revolutionizing The Crypto Landscape. Step aside Bitcoin, Ethereum — there’s a new player in town, and it’s shaking up the crypto landscape.
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With blockchain technology revolutionizing everything from finance to governance, keeping up with all the latest developments can be a task. But some breakthroughs are too significant to overlook. PulseChain is one such phenomenon that’s causing ripples in the crypto-verse. This article will guide you step-by-step, unpacking the fundamentals of cryptocurrency and blockchain, and we will deep dive into all that PulseChain has to offer.
What is cryptocurrency?
Cryptocurrency, often abbreviated to crypto, is a modern form of digital money maintained by cryptographic technology. The genesis of this novel financial mechanism traces back to 2008, marked by the creation of Bitcoin. The absence of a middleman sets cryptocurrencies apart from traditional bank transfers or financial services like Paypal or Alipay.
What is a middleman?
Middlemen are central authorities, such as banks or governments, that mediate transactions between senders and recipients. They possess the power to surveil, censor, or reverse transactions and are capable of sharing sensitive data they collect about you with third parties. They may also control your access to certain financial services.
Cryptocurrencies like PulseChain stand in stark contrast to this traditional system. Crypto transactions establish a direct link between senders and recipients, thereby bypassing any central authority. Your funds remain confidential, and no authority can dictate your choice of services. This remarkable feature is a product of the underlying technology called blockchain.
What is a blockchain?
A blockchain is a database that records transactions and is updated and distributed across numerous computers within a network. Every time a new set of transactions is added, it’s referred to as a “block” — hence the term, blockchain. Blockchains are usually public, and data can only be added, not removed. For someone to tamper with the information or defraud the system, they’d have to do so on the majority of networked computers — an improbable feat. This renders established blockchains like PulseChain highly secure.
PulseChain: Revolutionizing The Crypto Landscape
Why is it called cryptocurrency?
Cryptocurrencies leverage cryptographic techniques to safeguard your funds. These techniques, long utilized in the banking industry to secure monetary transactions, lend cryptocurrencies a bank-level of security.
What is a hard fork?
Imagine a hard fork as creating a new, separate road from a main highway because you want to change the rules of the road, like the speed limit. You start with the same journey but split off at a certain point. PulseChain is like this new road, but it’s a duplicate of Ethereum, a major highway in the crypto world. At a specific point in time, PulseChain copied Ethereum’s journey, including all its cars (which represent your crypto tokens), and started its own route.
PulseChain and Ethereum are two different roads with the same starting journey. While they can interact with each other via bridges, they are their own blockchain. PulseChain’s road has its own benefits, like lower toll fees (transaction costs) and faster speed limits (transaction times). So, if you had any cars on Ethereum when PulseChain was launched, you’ll find the same cars on PulseChain too!
What is the difference between PulseChain and Bitcoin?
Having launched in 2023, PulseChain built on the revolutionary concepts introduced by Bitcoin and adopted by Ethereum but with some significant enhancements.
While both Bitcoin and PulseChain allow the use of digital money without banks or payment providers, PulseChain is programmable, enabling the creation and deployment of decentralized applications on its network.
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