PulseChain News: All Your PLS Updates in One Place

3 min readMay 6, 2023

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

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!

(May 4th, 2023) Update

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

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

Richard announced on Twitter that PulseChain Testnet v4 is up and running privately
Automated Market Maker Bot not yet deployed on v4
PulseX not yet deployed on v4

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

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

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.
Click here to watch our comprehensive PulseChain News roundup on Youtube.