PulseChain News: All Your PLS Updates in One Place

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By WaLLrus
Estimated reading: 10mins

Ever since Richard Heart announced he was forking Ethereum, hundreds of thousands of crypto users have been patiently awaiting mainnet.

And now it is finally here!

Every week, new announcements from Richard and the devs get released, increasing the excitement but adding to the technical confusion.

This running blog post by WaLLrus will translate and summarize the PulseChain news updates all in one place!

November 10th, 2023

  • The PulseChain Bridge has been open for nearly 6 months and over 140M USD worth of crypto assets have flown into PulseChain.
PulseChain bridge News

November 5th, 2023

  • GoPulse.com has a phenomenal PulseChain Gas Tracker on their website.
  • PulseChain is currently 3 ORDERS OF MAGNITUDE cheaper than both Bitcoin and Ethereum
PulseChain Gas Fee News

October 29th, 2023

  • Over 60M stablecoins (USDC, DAI, and USDT) have bridged over to PulseChain
PulseChain Stablecoin News

September 23, 2023

July 17th, 2023

(July 11th, 2023) PulseChain News

  • The Highest of Stakes Documentary will be screening in select locations in August

(July 8th, 2023) PulseChain News

  • Go.Hex.com has been updated and now works for PulseChain.

(June 29th, 2023) PulseChain News

  • Much to the dismay of many PulseChain users, Richard Heart has decided to delay the release of Single-Sided Staking
  • Instead, he indicated that the Auto-Router for PulseX, Go.Hex.Com for PulseChain, and Wallet Connect are more important features at the moment.
  • There still is reason to believe that Single-Sided Staking is coming in the future.

(June 22nd, 2023) PulseChain News

  • Richard announced that 100% of the PulseChain validators are run by the public.
  • This is comparably more decentralized than Bitcoin whose mining equipment can only be bought by a few companies, and Ethereum which has many centralized staking pools at validators.

(June 16th, 2023) PulseChain News

  • Richard has indicated that the validators from the team may be going offline in the near future.
  • Validators are currently earning over 23% APY.

(June 12th, 2023) PulseChain News

  • Over 100B PLS has been burned thus far, significantly reducing the supply of PLS forever

(June 2nd, 2023) PulseChain News

  • Richard released a bridge update which allows Ethereum users to buy wPLS on Ethereum and bridge it using PulseRamp to PulseChain for native PLS.
  • This is significant because before Ethereum users could not get enough native PLS for gas on PulseChain.
  • For example, they could bridge over Shiba Inu, but they did not have enough gas to convert that Shib to PLS (or do anything else on the chain.)

  • Let's Exchange has listed PulseChain

(June 1st, 2023) PulseChain Update

  • Richard Heart found and disclosed a bug on PulseX
  • The bug resulted in 100% of the PulseX LP fees being used in the buy and burn.
  • This bug existed since PulseX was first created, throughout all the testnet versions, and somehow the bug was not found

(May 29th, 2023) PulseChain News and Updates

  • Two more centralized exchanges listed PLS/PLSX for easy on-ramping: Kanga Exchange and SafeTrade Exchange
  • Rabby Wallet, Metamask alternative, supports PulseChain
  • DeFi tracking tools such as Coinly, DexTools, DeBank, and DeFiLlama now have or are planning to list PulseChain.

(May 23rd, 2023) PulseChain News and Updates

  • PLS was listed on the Centralized Exchange, OkX.
  • This is very bullish for mass adoption. Although, it is important to remember that centralized exchanges are best used as on-ramping tools and not places to hold your coins and tokens.
  • This is the first time a Richard Heart coin has been listed on a major exchange.

(May 21st, 2023)

  • "The Cloggening" seems to have come to an end. Deposits have started clearing much faster.

(May 20th, 2023)

  • After a long and arduous Crypto Bear Market, Richard Heart posted his first new all-time high post.
  • In addition, on the 20th of May, the PulseChain Bridge hit $100 million in deposits

(May 15th, 2023)

  • Millions of users rushed to bridge in value from Ethereum causing a massive backlog of deposits. This event coined a new term, "The Cloggening".

(May 12th, 2023)

  • PulseChain Mainnet went LIVE on May 12th, 2023

  • PulseX also went live at the same time. 
  • Although it went live on May 12, the snapshot date was actually on May 10.

(May 10th, 2023)

  • Richard Heart has indicated that there is not much left to be done before launching Mainnet
  • He also gave his first time estimate in over a year

(May 4th, 2023)

  • The validator withdrawals from the Shanghai Update are now showing on PulseChain Testnet v4

(April 28th, 2023)

  • Richard announced that the Shanghai Upgrade was added to PulseChain
  • The Shanghai Upgrade was an Ethereum upgrade which allow Ethereum validators to remove their ETH from staking

(April 19th, 2023)

  • Richard Heart announced the launch of PulseChain Testnet v4
  • Testnet v4 has increased rewards for PLS Validators

(April 15th, 2023)

  • Richard announced on Twitter that PulseChain Testnet v4 is up and running privately
  • PulseX not yet deployed on v4

(April 10th, 2023)

  • PulseChain Testnet v4 update likely to launch in the next few days
  • Bridge up between PulseChain Testnet v3 and Sepolia Testnet (ETH Testnet)

  • The bridge facilitated the attachment of hypothetical dollar values to tokens such as PLS, PLSX and Hex.

  • Buy and burn added to PulseX, DAO proposals and incentive token getting added soon
  • Some projects won't drop on V3 at all, but will drop on v4.
  • V3 will be taken offline as soon as v4 launches

(April 7th, 2023)

  • PulseChain will have a Testnet V4 to allow the Fixer bot changes and Validator incentive upgrades

  • While this is technically "another testnet", it is a continuation of the development on V3. The reason for the new version is because the devs must fork to old testnet in order to make changes to the validators.
  • PulseX Buy and Burn has huge price positive nature.
  • Announcement of V4, which is an extension of V3 and another test net
  • V3 is running as expected, with some minor issues to address
  • V4 is needed to make changes to the validators, to increase their number, distribution and robustness
  • Economic incentives needed to attract people to run the validators
  • No change to inflation or tokenomics, but it's advantageous for validators with less issuance
  • Challenge of communication: difficult to understand updates, leading to anxiety, but transparency is important
  • V4 is not a big deviation or change from previous testnets, just getting updates

(April 3rd, 2023)

  • Richard Heart made some changes to the lighthouse client, which is one of the clients to run validator software to keep the chain up. These changes improved peer connectivity between validators.
  • PulseChain hasn't released the updated features on PulseX yet, such as limit orders, but it's likely to be coming soon.

  • PLSX has had the buy and burn front end added. More feature to come
  • There may be changes made to validator incentives to increase the APY to incentivize more participation and to reach certain thresholds.
  • Crypto Crazy (CC) released a Liquid Loans Development update as well as commentary on global macro conditions. Watch the video here!
  • Crypto is hard, and there are reasons for design changes and compromises, but everything is progressing well.
  • Building these projects is really important, and people will be excited to have been part of a community that built cool things.

(March 27th, 2023)

  • Client updates coming soon.
  • GraphQL and block explorer are indexing and near complete
  • PRC20 checker is up and great for onboarding.

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WaLLrus is the Global Head of Growth and Partnerships at Liquid Loans, and host of The Weigh In With Wallrus podcast series. He has been in the crypto space since 2015, and is widely recognized as a DeFi thought leader and strategist.

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