From the Spring of 2021 to the Spring 2023 everybody was asking the same questions:
“When is the PulseChain Launch Date?”
“When is PulseChain Launching?”
“When Will PulseChain Launch?”
The questions have been answered: PulseChain launch on May 12th, 2023.
But let's take a look back at the long history to get to where we are now.
PulseChain is a quick, open-source blockchain that is a low-cost hard fork of Ethereum 2.0. It contains a complete state of the Ethereum blockchain, making it a repository for all transactions, user accounts, and smart contract interactions.
PulseChain addresses the scalability problems of Ethereum by improving speed and efficiency. It has a faster block time of three seconds compared to Ethereum's 15 seconds, and it uses a new consensus mechanism called Proof of Staked Authority (PoSA) that combines Proof-of-Stake and Proof-of-Authority.
Richard Heart, the founder of HEX, announced that he planned to fork the entire Ethereum system state in the Summer of 2021.
The new blockchain would be called PulseChain.
The motivation to do so was because the gas fees on Ethereum made it extremely expensive to interact with the Hex contract.
PulseChain Testnet v2b was launched in March of 2022.
Upon release, hundreds of thousands of users transacted with their airdropped coins and tokens.
And hundreds of projects, including Liquid Loans, launched their testnets on top of it.
Testnet v2b is a thing of the past now, after going offline approximately a year later.
Testnet-V2B will be permanently offline in 48 hours from now. Please migrate Testnet usage to Testnet-V3
— Richard Heart (@RichardHeartWin) March 27, 2023
PulseChain was not released in 2022.
Richard Heart has historically been reluctant to give projections for when PulseChain mainnet will go live.
He constantly reiterates that “software is hard”. Which it most certainly is.
However, in the spring of 2022 he said PulseChain would launch in “Mid-May” and everybody took him for his word.
Long story short, the new blockchain did not launch in Mid-May of 2022.
In October of 2022, Richard Heart announced that PulseChain development would switch its consensus mechanism and basically start from scratch.
They shifted the consensus from Parlia to that of Ethereum 2.0.
This announcement resulted in negative sentiment from the community, suggesting that mainnet launch was much further away than previously thought.
PulseChain v3 Testnet was launched on March 22, 2023 and processed a million transactions within a few days.
https://t.co/tyQE8i8y5h test net V3 is here! Please use it and prepare for main net launch! Warning, this is the final test net and main net may launch at any time now
Be a validator: https://t.co/sRsNVN4Jdm
Block Explorer: https://t.co/TZ9BGujoPx
— Richard Heart (@RichardHeartWin) March 22, 2023
Richard Heart stated that this testnet will be the final version, and that mainnet could launch at any moment.
In early April, 2023, Richard Heart announced that there would be a 4th version of the Testnet.
This testnet is an extension of the PulseChain Testnet v3. The developers needed to create an entirely new fork to make the changes to the validator rewards.
https://t.co/tyQE8i8y5h news: v4 inflation upgrade next week.
PulseX news: Just needs the bridge to #Ethereum test net to get a dummy stable coin bridged over to show $ values in the stats page: https://t.co/Hqo8mihcpc The transactions can be seen at bottom.
— Richard Heart (@RichardHeartWin) April 6, 2023
PulseChain Mainnet was released to the public on May 12th, 2023.
The https://t.co/tyQE8i8y5h main net is now live.
— Richard Heart (@RichardHeartWin) May 13, 2023
Make sure to continue learning as you enjoy mainnet.
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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.