Anyone here with thoughts on Pulsechain (and perhaps its cousin, Hex?) As I understand, it's an Ethereum fork that will duplicate Eth and all its assets, with the hope that people might switch due to lower fees?
And this is coming from a very pro-crypto person, non-btc maxi etc, type of person.
Looks like the rewards and fees go back to stakers. Sure, there's a big quiet wallet, but that's nearly all of them.
- What have they changed to keep fees lower? Is it just a factor of fewer users (Ethereum's gas fees are a result of the adoption of Ethereum, essentially it's a victim of its own success)
- Is it remaining proof of work? Will it also eventually need to transition to PoS if and when it reaches Ethereum-level popularity / congestion?
- Is it implementing sharding?
- How will it compete with Ethereum's fairly significant decentralisation? (one of the aspects of Ethereum that makes it an unlikely target of the SEC)
Fundamentally, how intimately do Pulsechain's developers understand Ethereum in order to make a better version?
(I've heard the 'scam' and Hex used together frequently, although admittedly that's on Reddit and Youtube, and in the cryptocurrency-sphere pretty much every project gets used together frequently with the word 'scam' - to such an extent that "assume scam" is probably sage advice).
FWIW, I'm strongly convinced that Richard Heart is not a scammer, inasmuch as I do believe his intent is not to make himself rich (which I believe he already is) but to "make the best cryptocurrency." Whether it works or ends up that way is, of course, another story. Dogecoin being perhaps the best example of "what the creator wants might not matter."
(Compare to Elon Musk, who is obviously screwing around with crypto to make himself richer.)
*No, I'm not putting in any money that I can't afford to lose, what are you, crazy? :)
I'm 99% sure that any features being built on top of blockchains are features designed to impress and confuse people that don't realize that it's a scam.