The Nuls project is a microservices driven blockchain that uses the Proof-of-Credit consensus mechanism to mine through staking.
It features the NULSTAR which is a framework that runs blockchain solutions including smart contracts, private and public chains, dApps and NRC-20 tokenization.
Nuls is a modular and community-driven blockchain platform that can be customized to meet industry needs.
A Singapore based company, Nuls Foundation Pte. Ltd. manages the Nuls project. It is founded by Lin Yang and Lily Wang.
The Nuls project is an open-source blockchain project which features highly-customizable modular infrastructure featuring modules and microkernel. It is capable of providing smart contracts, multi-chain mechanisms, and cross-chain network.
The decentralized nature of Nuls creates a business model that bridges the gap of trust allowing users to customize the chain as they see it fit. Users are free to use the rules of consensus, storage, smart contracts, arbitration, account systems, anonymity policy on their sub-chains.
Is can be used for smart contracts, cross-chain interoperability, and instant chain-building,
NULS uses the Proof of Credit (PoC) consensus mechanism (dPoS plus credit rating) to mine via staking.
The Nuls platform is divided into the microkernel and functional modules. The base of the entire network is the microkernel, while customizable modular infrastructure is provided by the functional modules. Nuls aims to bridge public and private blockchains by enabling users to create and modify pluggable sub-chains depending on their needs.
The Nuls blockchain uses a proof-of-credit protocol, which developers claim to be the first consensus of its kind. The POC works similarly with that of Proof-of-Stake consensus, which means users are required to lock their tokens in order to participate in the network for NULS mining.
Nuls has also integrated a smart contract machine into its blockchain. The smart contracts are designed to adapt to different programming languages allowing programmers to develop a program based on their preferred language.
The blockchain community is struggling with making technologies flexible and convenient. This has driven Nuls to build a universally public blockchain infrastructure that would help the enterprise improve credibility by deploying its own decentralized applications.
Nuls aims to break the technological barriers of blockchain, reduce the cost of development, and promote usage of blockchain technology in the commercial field.
Nuls continuously shows a growth potential as its price increases at a rate of around 382%, while remaining volatile, along with other cryptocurrencies.
Nuls has 96.7 million tokens in circulation and has raked $40 million USD in capitalization.
Nuls Foundation just partnered with Portland State University for teaching students the foundations of blockchain and how the technology can be used for practical applications. The company says that this is the start of many future partnerships with the university and many other schools, which it hopes will help speed up adoption.