Hex vs PulseChain: Similarities and Differences Between the Two Cryptocurrencies

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By Connor
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Hex Vs PulseChain

From an outsider's perspective, Hex and PulseChain are nearly the same project.

They have the same founder – reported billionaire and philanthropist, Richard Heart – and a large overlap between the two passionate and highly active communities.

Yet despite the similarities, these two projects have many differences.

Use this guide for understanding everything you need to know about Hex vs PulseChain.

What is Hex?

HEX is a cryptocurrency, founded by Richard Heart, that operates on the Ethereum and PulseChain blockchains. It is a decentralized digital currency designed to serve as a store of value and a medium of exchange. 

Hex launched in December of 2019. Bitcoin holders were able to free-claim Hex and were airdropped upon launch. The coins which were not claimed by BTC holders, were paid to the staking class on November 19th, 2020 in an event called Big PayDay. 

HEX is marketed as a "High-Interest Blockchain Certificate of Deposit," and it offers users the opportunity to earn interest on their holdings while holding their own keys.

HEX utilizes a proof-of-stake mechanism, allowing users to mine additional HEX coins by burning their tokens for a specified period of time. Users earn an increasing amount of coins the longer they burn for and the more tokens they burn.  

It also incorporates features such as penalties for early withdrawals to incentivize long-term holding. 

HEX gained attention for its unique features and the potential for high returns

What is PulseChain?

Richard Heart

PulseChain is a full-system state fork of Ethereum 2.0. Also founded by Richard Heart, PulseChain aims to be cheaper, faster, and more powerful than Ethereum.

PulseChain is unique in that it will result in an airdrop of every ERC20 that exists on Ethereum 2.0 at the time of the fork. It operates on a proof-of-stake consensus, using a distributed network of validators to verify blocks and add them to the chain. 

PulseChain ran a sacrifice in 2021, an event in which users sent over 650 million USD in various coins to an address. Users sacrificed for freedom of speech such that blockchains are a form of freedom of speech. 

After a nearly two year wait, PulseChain mainnet launched on May 12, 2023. 

Hex vs PulseChain: Similarities

  • Founded by Richard Heart
  • Both are Cryptocurrencies
  • Both are censorship-resistant and admin key free
  • Large overlap in passionate and active communities
  • PulseChain was created in part to reduce the Ethereum gas fees that have crippled Hex
  • Both took years to develop (software is hard)
  • Both launched in a bear market

Hex vs PulseChain: Differences

  • PulseChain is a Layer 1 blockchain. Hex is a smart contract which exists on 4 different Layer 1 blockchains (Ethereum 2.0, PulseChain, Ethereum POW, and Ethereum Fair)
  • PulseChain has multiple times the amount of users as Hex
  • Hex seems to be much more controversial than PulseChain, evidenced by less scam allegations
  • The vast majority of Hex holders use PulseChain, but not every PulseChain user holds Hex
  • Hex is older than PulseChain by roughly 3 years
  • PulseChain inflates to reward validators to verify blocks, Hex inflates to reward miners to lock up their coins for time
  • While Hex was an airdrop for Bitcoin holders, PulseChain was an airdrop for Ethereum holders

The Bottom Line

Many crypto users think that they missed Hex when it ran up 10,000X from all time low to all-time high. 

But many users are excited that PulseChain could do similar numbers.

If you’re interested in learning more about PulseChain use our official guide here. 

If you’re already sold, check out our guide on How To Buy PLS

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Disclaimer:Please note that nothing on this website constitutes financial advice. Whilst every effort has been made to ensure that the information provided on this website is accurate, individuals must not rely on this information to make a financial or investment decision. Before making any decision, we strongly recommend you consult a qualified professional who should take into account your specific investment objectives, financial situation and individual needs.

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Connor is a US-based digital marketer and writer. He has a diverse military and academic background, but developed a passion over the years for blockchain and DeFi because of their potential to provide censorship resistance and financial freedom. Connor is dedicated to educating and inspiring others in the space, and is an active member and investor in the Ethereum, Hex, and PulseChain communities.

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