Pulsechain (PLS) is a distinct cryptocurrency that operates as a fork of Ethereum, with its own unique features. It utilizes a delegated proof of stake consensus mechanism, which eliminates the need for mining and inflation. Pulsechain aims to enhance the functionality of Ethereum by sharing its load, thereby potentially lowering Ethereum's fees. It also intends to enrich users of Ethereum-based projects by aiming to bring the Ethereum system state and ERC20s to its own network. Pulsechain's native token, PLS, can be used to activate validators who help maintain the network.

Pulsechain operates on a delegated proof of stake consensus mechanism, which means that it doesn't require mining or inflation. It has shorter block times of 3 seconds, which aims to make transactions faster. Pulsechain also features a fee-burning mechanism, which means that a portion of the transaction fees is burned or removed from circulation, potentially affecting the distribution of remaining tokens. Users can become validators by staking PLS, thereby helping to maintain the network. Pulsechain also aims to allow for the bridging of assets from Ethereum, enabling users to trade Ethereum-based tokens on the Pulsechain network.

Pulsechain aims to serve a variety of use cases in the cryptocurrency space. It strives to lower Ethereum's fees by sharing its load, which could make transactions on Ethereum more affordable. Pulsechain also seeks to re-enable use cases that have been priced out on Ethereum by aiming to bring the Ethereum system state and ERC20s to its own network. This could potentially benefit holders and founders of Ethereum-based projects. Additionally, Pulsechain's launch involved a substantial airdrop, with numerous Ethereum-based tokens and NFTs receiving Pulsechain versions. This could potentially lead to a new wave of exploration for these tokens and NFTs on Pulsechain.

Pulsechain was created as a fork of Ethereum, with the goal of addressing some of the challenges faced by the Ethereum network, such as high fees and scalability issues. Since its launch, Pulsechain has implemented several unique features, such as a delegated proof of stake consensus mechanism, shorter block times, and a fee-burning mechanism. Pulsechain also aims to bring the Ethereum system state and ERC20s to its own network, which was a notable milestone in its history. The launch of Pulsechain was marked by a substantial airdrop, with numerous Ethereum-based tokens and NFTs receiving Pulsechain versions.