Introduction
Cryptocurrency enthusiasts are abuzz with the recent emergence of PulseChain, an innovative blockchain platform that has made significant waves in the digital currency realm. As an Ethereum fork, PulseChain inherits the robustness and reliability of its predecessor while introducing groundbreaking features like delegated proof of stake validators, shorter 3-second blocks, no mining, no inflation, and fee-burning mechanisms. Launched on May 10th at block height 17233000, PulseChain has successfully copied all ETH, ERC20, and NFT assets from Ethereum, providing users with a seamless transition to this exciting new ecosystem.
The PulseChain Fork: A Step-by-Step Guide
Step 1: Main Net Launch and Asset Duplication
PulseChain’s main net launch marked a pivotal moment in the blockchain industry. Through a careful and meticulous process, PulseChain performed a fork of Ethereum, ensuring a smooth transition for users. During this forking process, all ETH, ERC20 tokens, and NFTs held in your crypto wallet until May 10th were seamlessly duplicated onto the PulseChain network, commencing at block height 17233000. This duplication ensures that the value and assets you held on Ethereum are now replicated on PulseChain.
Step 2: Equivalent Value of Assets on PulseChain
The transition from Ethereum to PulseChain involves maintaining the value of your assets. For instance, 1 ETH on Ethereum is now equivalent to 1 PLS on PulseChain. Similarly, if you held 1 SHIB on Ethereum, it is now worth 1 SHIB on PulseChain. This parity in asset value ensures that your holdings retain their worth throughout the transition.
Step 3: Automatic Balances Update
One of the remarkable aspects of the Ethereum to PulseChain migration is the seamless nature of the process. As a user, you do not need to undertake any manual actions to observe your new balances. By simply changing your network to PulseChain on Metamask, you will gain instant access to your updated balances. Metamask, a popular cryptocurrency wallet and gateway to the Ethereum ecosystem, provides an intuitive interface to facilitate this network change.
Step 4: Airdrop Eligibility and Non-Custodial Holders
It’s important to note that only non-custodial holders of cryptocurrencies are eligible for the airdrop on PulseChain. If you held your assets on exchanges, they will not be accessible during the transition. To ensure your eligibility for the airdrop, make sure to hold your assets in a non-custodial wallet, such as Metamask, or other compatible wallets.
Step 5: Value of Copied ERC-20 Tokens and NFTs
The value of the copied ERC-20 tokens and NFTs on PulseChain is contingent upon the support and integration by respective projects. If the projects extend their compatibility to PulseChain, these assets will retain their value and significance within the new ecosystem. It’s crucial to stay updated with the official communication channels of these projects to learn more about their plans for supporting PulseChain.
Step 6: Stay Informed Through Social Channels
To stay informed about the airdrop and receive the latest updates regarding PulseChain’s development, it is advisable to follow their official social channels. By engaging with the PulseChain community and keeping a close eye on their announcements, you can ensure that you don’t miss out on any crucial information.
FAQs (Frequently Asked Questions)
To address common queries regarding the PulseChain migration, let’s explore some frequently asked questions:
- Q: What is PulseChain?
PulseChain is an Ethereum fork with revolutionary features such as delegated proof of stake validators, shorter 3-second blocks, no mining, no inflation, and a fee-burning blockchain.
- Q: When did PulseChain perform the Ethereum fork?
PulseChain executed the Ethereum fork on May 10th at block height 17233000.
- Q: Are all ETH, ERC20 tokens, and NFTs copied to PulseChain?
Yes, all ETH, ERC20 tokens, and NFTs held in your crypto wallet until May 10th have been duplicated onto the PulseChain network, commencing at block height 17233000.
- Q: How can I view my updated balances on PulseChain?
To view your updated balances, simply change your network to PulseChain on Metamask, a popular cryptocurrency wallet.
- Q: Can I access my assets held on exchanges during the transition?
No, only non-custodial holders are eligible for the airdrop. Assets held on exchanges will not be accessible during the transition.
- Q: Will the copied ERC-20 tokens and NFTs have value on PulseChain?
The value of copied ERC-20 tokens and NFTs on PulseChain is dependent on the respective projects’ support and integration with PulseChain.
Conclusion
The advent of PulseChain as an Ethereum fork has introduced a new era of possibilities within the cryptocurrency landscape. With delegated proof of stake validators, shorter block times, and the absence of mining and inflation, PulseChain aims to provide users with a highly efficient and sustainable blockchain platform. By executing a seamless fork of Ethereum and duplicating all ETH, ERC20 tokens, and NFTs onto PulseChain, the transition process ensures that users retain the value and accessibility of their assets. To make the most of this transition, it is essential to remain updated through PulseChain’s official communication channels and follow their social media platforms. Join the PulseChain revolution today and witness the future of blockchain technology.
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