If you are new to crypto looking invest in DeFi with Privacy read on! \ stacker news ~crypto

THE CURRENCY OF THE LAND

There are several crypto currencies, some of them, as Ethereum, Solana or Pulsechain, are called Layer 1 or L1 chains.

Being L1 chains, other tokens can be minted and traded on that chain, and in order to transact in that chain you require its currency for all that chain has to offer, it is basically the currency of the land, like you need Euros in Europe or Yuan in China, you need $PLS (Pulse) in Pulsechain

All modern Layer 1 chains offer DeFi (decentralize finance), with certificates of deposit that earn yield in the form of a currency (token) of the chain, other finance products that earn yield as well as trading platforms for buying and selling currencies (tokens) or digital art (NFTs)

CHOOSE YOUR WALLET AND FUND IT

To use the DeFi services of Pulsechain you require a wallet, once you configure the wallet you will get your account numbers (in crypto are called "wallet addresses") which you will use to send and receive funds, you will have a bank in your hands to manage your funds with no intermediary (financial brokers or banks), for you to transact with others 24/7, 365 days a year.

We suggest https://rabby.io, you can choose the desktop application, mobile or web browser extension, or the three of them, depending on you immediate needs, setup your new wallet and fund it by transferring funds from your preferred crypto exchange or buying with credit card in https://changenow.app.link/referral?link_id=3326616484ace4&amount=200&from=usd&to=pls or consider https://stealthex.io/?ref=FlY4AtcODa (ChangeNow has around 3% fees to buy with crredit card, but quick and easy, conveniently directly into your wallet without KYC policies with low amounts)

DO NOT EXPOSE YOURSELF - PRIVACY IS SAFETY

https://image.nostr.build/a380a05e2157d35816334d9f0ef2c99a170a202377a82782c86712cd03583803.jpg

Now that you have the currency of the land; $PLS; you are ready to transact, you may have done certificate of deposits for instance or traded successfully and now you want to use some of those earnings to pay for goods or services, pay your taxes, send money to a family member or friend or send funds to your bank account or broker account or centralized crypto exchange... Be careful, do not expose yourself.

HAVE YOU BEEN PAYING ATTENTION?

https://image.nostr.build/96204b1336d3d1d23203fef6a1a6e905f8040c652a8e24a1580b5a00a3214752.jpg

If you have been reading and paying attention, in most advanced L1 chains, the transactions are not private, all is logged in a ledger (called blockchain) and therefore, when you pay to a merchant, or friend, or service provider you expose your portfolio details with the person or business you are transacting with, they will not be able to access your funds, but they will be able to observe all your transactions and how much you have. Not an ideal situation.

Most people thinks crypto is private, in most cases is not.

ZKZX CASH WEB APP EMPOWERS YOU WITH THAT PRIVACY

Using ZKZX Cash web app, you will transfer the funds you want to use to transact with others into a brand new wallet (crypto bank account). This new wallet will not be connected in any way to your usual wallet, thus, the person or business you transact with will not be able to see your portfolio.

Even better, cyber criminals that use chain analysis to connect transactions won't be able to trace your payments to any of your wallets neither, thus, you are safe from all potential dangers, physical and online.

Learn to use the web app and do it right, failing to do it correctly, like using one of your old addresses to withdraw from the web app will cancel the privacy effect you need.

Caution: In most countries in the world you have the right to transact with privacy online while using crypto currencies, that includes, buying and selling services or products. If you are not sure, consult with an attorney, breaking the law of your country of residence should never be an option, these tools are created to transact with privacy, not to break the law. There are many countries that preach freedom but their laws are not in line with their preaching...

Below is depicted the :

https://image.nostr.build/2ff2c560c9f0bef45fa73429c2d7f91ca8ecd3be84c45fe7e1ebb67ca1a57fab.jpg

For more information, visit https://zkinfo.pls.to

Check our new channels in https://odysee.com/@ZKZX:2 for a couple of shorts on how to deposit and withdraw from the web app

0 sats \ 0 replies \ @TNStacker 13 Jul

https://m.stacker.news/39472

0 sats \ 3 replies \ @anon 12 Jul

Is there a bridge from Ethereum into Pulsechain? Do I need the "currrency of the land" $PLS to bridge?

117 sats \ 2 replies \ @ZKZX OP 12 Jul

Good question, yes, there is a bridge, in fact, more than one into Pulsechain.

My suggestion is to buy a small quantity of $PLS with ChnageNow trading DAI from Ethereum for PLS, you will get $PLS in the wallet of your preference in Pulsechain. (Both networks are EVM, Pulsechain is a fork of Ethereum POS, thus, all is the same, just the gas fees are very low and the transactions faster. (the fees per transaction are below $0.01, which is quite refreshing considering Ethereum fees).

Now that you have between $20-$25 of $PLS in your wallet you are ready to receive funds via brige

For the bridge the best options are:

https://tokensex.link/ - Bridge to and from Ethereum and Binance
https://bridge.pulsechain.com/ - Bridge to and from Ethereum (IPFS)

If you use option 2, bear in mind it is IPFS, so preferrable use Brave Browser to open the link without issues, unless you are familiar with IPFS and you are running your own IPFS Node, in which case, you will have as well the browser extension and do not need Brave Browser.

There are other options but the two above are FREE of fees to bridge into Pulsechain and 0.3% fee to bridge out of Pulsechain into Ethereum or Binance.

Once you have the DAI in Pulsechain, to use the ZKZX Cash, you will need $PLS, currently the front end do not accept any other token.

To swap your bridged token (DAI, USDT, USDC, WETH, etc) into $PLS, use Piteas DEX, together with PulseX are the favorite ones from the community with a very good auto router giving you the best deal:

https://piteas.io

You have guides in https://zkinfo.pls.to on how to do so, go to the tab "Web App" and you will get a good amount of information and instructional videos. https://zkinfo.pls.to/protocol.html

Hope you find this information helpful

0 sats \ 1 reply \ @anon 16 Jul

That infornation was very helpful.

How decentralized is this chain? Seems to have a large community.

100 sats \ 0 replies \ @ZKZX OP 16 Jul

Quite decentralized, the community is very engage and DeFi maxis, most of the DeFI is hosted in the IPFS for security and censorship resistance.

The Liquidity Pools for the blue chips like PLS are well funded and battle tested for over a year.

A measure of decentralization is the number of nodes (in the case of an EVM POS you use the term VALIDATORS).

As of know pulsechain has over 48K active validators

https://m.stacker.news/39964

You can check the status of the validators live on the following link:

https://beacon.pulsechain.com/validators#active

Compare the number of validators with the number of nodes in chains like Bitcoin or Ethereum or Monero, you will find that is decentralized enough by comparison.

Important to know that this chain is and have been demonized by many haters in the crypto community, never a boring day. But if you ignore the childish behavior of most maxis from any chain, mute them (less non sense emotional noise) you will end up appreciating innovation in many chains and massive opportunities to build wealth.

Just remember to DYOR, there are many scammers in all chains, some of those scammers are the same ones that call everyone else scammer while selling you their bags and dumping on your head.