What is PulseChain?

PulseChain is a blockchain platform developed by Richard Heart as a fork of Ethereum. It aims to enhance the Ethereum blockchain's functionality by increasing its efficiency and scalability. Unlike Ethereum, which is a Layer 1 (L1) blockchain, PulseChain offers functionalities that align it closely with both Layer 1 and Layer 0 (L0) frameworks. This unique positioning allows for the creation of various L1 blockchains on top of PulseChain, each benefiting from its underlying features, thus enabling developers to customize their L1 solutions effectively.

What are LSDs (Liquid Staking Derivatives)?

LSDs on PulseChain represent an innovative approach to blockchain scalability and functionality. They allow for the creation of new L1 blockchains that operate efficiently and cohesively within the broader PulseChain ecosystem. LSDs can be envisioned as a network of interconnected blockchains, each optimized for swift transaction processing and fully compatible with each other, exemplifying a cutting-edge solution in blockchain scalability.

What is Staking for Node Operators?

In Proof of Stake blockchains, validator nodes validate the blockchain and, in return, earn staking rewards. On PulseChain, a node operator is required to set up their hardware for validating the chain and stake a minimum of 32,000,000 PLS. The staked PLS is locked during the staking period and accrues rewards. After this period, which can last up to a year, both the staked PLS and any staking rewards are returned to the node operator.

What is Liquid Staking?

Liquid staking is an alternative to traditional staking methods. It allows individuals to stake any amount of PLS, PulseChain's native token, and in return, receive immediate liquidity through a wrapped PLS token. This wrapped token can be used similarly to regular PLS and can be exchanged back to standard PLS anytime.

How is Pi Staking Different from Lido?

Pi Staking distinguishes itself from Lido in several ways:

  • Lido is known for its effective liquid staking solutions but tends to centralize its hardware providers.

  • While Lido focuses on providing liquidity to stakers, Pi Staking extends its scope to support the development and proliferation of LSDs within the PulseChain ecosystem.

  • Pi Staking is a permissionless staking protocol that decentralizes hardware operations through community incentives and actively supports the integration of LSDs, addressing both liquidity and broader ecosystem growth challenges.

How Was Pi Staking Conceptualized?

The Project Pi team, avid supporters of PulseChain, Hex, and the entire associated ecosystem, conceptualized Pi Staking. Motivated by their passion for PulseChain and its potential, they identified a need for a protocol that not only addressed liquid staking challenges but also supported the growth and flourishing of LSDs within the PulseChain ecosystem. Recognizing the absence of a suitable solution, the team initiated Pi Staking to empower the community and ensure the robust development of PulseChain.

Last updated