L2 Rollup
Last updated
Last updated
By default, gas fees on the L2 are determined by a combination of several factors, including the current gas price on Ethereum, the complexity of the submitted transaction, and the current demand on the L2 network itself.
Unlike some of the other prominent L2 networks like zkSync Era, Optimism, or Arbitrum, Pulse Network doesn’t use ETH to pay transaction fees but uses its own native $PULSE instead. This means that users can enjoy all that Pulse Network has to offer without needing to cross-chain bridge ETH, leading to a more intuitive experience.
Sequencer is responsible for creating L2 blocks and ensure data correctness
Data Availability Committee (DAC) is responsible for data verification and storage
Under this structure, DAC is composed of Pulse Groups, which can accept $PULSE staking from users. By meeting certain criteria such as quantity of $PULSE staked and community activity, certain groups are then eligible to create DAC nodes.
Within any given Epoch, a portion of Groups will be designed as active DACs that participate in block production. In the next Epoch, a VRF is used to randomly select active DAC based on pre-established criteria.
DACs that contribute to block production will receive $PULSE rewards that are then distributed to Group members. Those that don’t participate in block production do not receive such rewards.
One use case of $PULSE will be to function as DAO token, so holders can vote to adjust the parameters in the process mentioned above, such as inflation, DAC threshold, epoch time, etc.