Why Pulsar Is A Legitimate Blockchain Project
With so many new blockchain projects emerging every day, it can be hard to know which ones are legitimate and which are just scams. In this article, find out what a “ghost chain” is and why the Pulsar Chain is a legitimate blockchain project.
What is a Ghost Chain?
A ghost chain refers to a blockchain project that is popular and has high-value yet limited utility because there are barely any projects built on the platform. These blockchains are often referred to as "dead projects" even though this is often not the case. The type of projects built on a blockchain that add utility and help it thrive include DApps, NFTs and coins.
How do they work?
A blockchain project can be declared a ghost chain if it has either failed to launch its mainnet, has very little activity on its network, or both. Often, these projects will have a large amount of social media hype but very little substance behind them. Many ghost chains are simply scams that have been created to defraud investors.
This is not to say all ghost chains are scams. Sometimes a blockchain project is launched with the best of intentions but just suffers from "failure to launch" and cannot build up enough hype to succeed, so the project dies. Sometimes a project can be dormant for a while before there it takes off, which is the case of Ripple and Cardano.
How To Spot A Scam
To avoid falling victim to a ghost chain scam, there are some red flags to look out for to spot a dubious blockchain project.
If you see any of these red flags, it's best to steer clear of the project. There are plenty of legitimate projects out there, so there's no need to take unnecessary risks.
Why Pulsar Chain isn't a Ghost Chain
When it comes to cryptocurrencies, there are a lot of different projects out there vying for attention. In the most basic sense, a ghost chain is a blockchain project that has no active development or community support. In other words, it's a dead project.
Pulsar Chain, on the other hand, is very much alive and kicking. So why isn't Pulsar considered a ghost chain? There are a few key reasons:
1. We have an active, expert development team working on the project.
2. We have a growing community of supporters, particularly Ethereum miners and traders unhappy about the impact of the Merge.
3. We're building something unique that hasn't been done before by creating a Proof of Work blockchain that encourages sustainability and green blockchain mining.
Join the community
Pulsar Chain is a legitimate blockchain project with huge potential. Pulsar Chain is environmentally friendly as it encourages green PoW mining with rewards for powering mining equipment with renewable energy.
Disclaimer: Readers should keep in mind that the information contained in this article does not constitute investment advice. The ideas and strategies presented should not be used to make any investment before assessing your financial situation and consulting a financial professional.