CoinEfficiency

PulseChain: An Alternative to High Ethereum Gas Fees

Explore PulseChain as a solution to Ethereum's high gas fees and the challenges it faces post-launch.
Published on 2023-05-16

Introduction to PulseChain

PulseChain, introduced by HEX founder Richard Heart, emerges as a potential solution to Ethereum's notoriously high gas fees. Promoted as an "Ethereum killer," PulseChain aims to provide a high-throughput, low-fee network, attracting users seeking relief from Ethereum's costly transactions.

Ethereum Gas Fee Concerns

Ethereum's gas fees have been a persistent concern for users. A recent example highlighted by Richard Heart showed a wallet spending 29.82 ETH on gas fees over three hours. This demonstrates the financial burden that Ethereum users face, prompting the search for alternatives like PulseChain.

Challenges Facing PulseChain

Upon its launch on May 14, PulseChain encountered significant challenges. Despite its promise of reduced fees, users reported numerous issues, as noted by Simp DAO's Eric Wall. The platform raised $1 billion to replicate Ethereum without Layer 2 solutions, yet the anticipated benefits were not immediately realized.

Initial User Feedback

User feedback highlighted the initial shortcomings of PulseChain. High demand on launch day led to increased network gas fees, contradicting its low-fee promise. The FreePulse account acknowledged this issue, pointing to expensive withdrawal costs that hindered effective operations.

Future Prospects and Comparisons

Ethereum's upcoming EIP-4844 upgrade is expected to bring scaling benefits to Layer 2 networks. In contrast, PulseChain's lack of Layer 2 implementation means it may not benefit from these enhancements. Critics argue that without Layer 2 scalability, PulseChain's code complexity may increase without delivering the intended improvements.

Conclusion

Richard Heart remains optimistic about PulseChain's potential to alleviate Ethereum gas fees. He asserts that gas fees function as intended, prioritizing transactions based on the willingness to pay. As PulseChain navigates its post-launch challenges, its ability to fulfill its promise as an Ethereum alternative remains under scrutiny.

What is Coinefficiency?

Coinefficiency is your go-to platform for optimizing cryptocurrency trading, investments and strategies. We provide a comprehensive suite of tools to analyze market trends, monitor price movements, and execute effective trading strategies. Whether you're a seasoned trader or new to crypto, Coinefficiency helps you maximize your profits with data-driven insights.

Why Use Coinefficiency?

  • Advanced market analytics to identify trading opportunities.
  • Compare markets relative performance.
  • Understand market cycles over time. See market levels.
  • Compare buy-and-hold, portfolio rebalancing, Dollar-Cost-Averaging trading strategies.

With Coinefficiency, you can stay ahead of the market and execute efficient trading strategies effortlessly.

Get Started with Coinefficiency

Ready to optimize your crypto investments? Take control of your portfolio with cutting-edge tools designed for both beginners and experts.