Simply put, PulseChain is a Blockchain. PulseChain is an Ethereum Fork. The fork date was 13th May 2023. Let's dig a bit deeper into this...
What is an Ethereum Fork?
An Ethereum fork refers to the process of creating a new blockchain that shares a common history with the existing Ethereum network but diverges from it at a certain block height.
It essentially involves copying the existing Ethereum codebase and making modifications to create a separate and independent blockchain.
Forks can occur due to various reasons, such as introducing new features, resolving technical issues, addressing security vulnerabilities, or disagreements within the community regarding the direction of the protocol.
When a fork occurs, the blockchain splits into two separate chains, each with its own set of rules and protocols. Holders of the original cryptocurrency typically receive an equivalent amount of the newly created cryptocurrency associated with the fork. This allows users to maintain their holdings on both chains or choose to interact exclusively with one of them.
This means whatever ERC-20 tokens you had in your self custody Ethereum wallet on the day of the fork, you will also own the equivalent duplicated PRC-20 tokens on the PulseChain network.
It's worth noting that while Ethereum has had multiple forks in the past, such as Ethereum Classic (resulting from the DAO hack), each fork represents a distinct blockchain with its own ecosystem and community.
Now we know that PulseChain is a BlockChain, and a Fork of Ethereum, here is some specific information which answers the question what is PulseChain in a little more detail...
PulseChain Animated Explanation
Faster, Cheaper, Fee-burning Ethereum Copy...
Visit Crypto Hexplained YouTube Channel.
Hexologist gives this excellent 12 minute step by step guide on how to get into the PulseChain PRC-20 ecosystem.
Visit Hexologist YouTube Channel.
Please see my previous post for PulseChain links and resources.