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Nuls (NULS)

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Nuls (NULS) is a cryptocurrency made by Liesa Huang and Isaac Kim in 2017. It is a decentralized blockchain platform that provides an enterprise-level blockchain infrastructure with a focus on pluggability and customization.

The modular blockchain implements a proof of credit (PoC) consensus mechanism that requires node operators to secure a certain amount of tokens to run a node, similar to a proof-of-stake consensus mechanism. However, nodes also have a credit rating alongside them which calculates a credit coefficient for each node. This credit coefficient determines the reward received for the node operator.

The Nuls platform is designed with 2 functioning parts to it. The first part is known as the microkernel which acts as the foundation for the entire network to function. This microkernel handles the projects underlying mechanisms for both the main chain and sub-chains. It will allow the user to connect different modules to the blockchain to customize features such as smart contracts, storage, and accounts. Although the main chain blockchain for Nuls uses a PoC consensus mechanism, the entire platform runs all of the decentralized applications on a multi-chain system. This multi-chain system hosts all the applications on subchains and verifies them with the main chain via cross-chain verification. This system allows for each sub-chain to have its own consensus mechanism such as PoS or proof-of-work (PoW).

The other part of the Nuls platform is the functioning modules. These are the plug and play components of the blockchain and is what allows the user to easily customize it to their specification. These functioning modules can easily be swapped out for each other due to their low coupling amongst each other.


First Half of September in 2022 / ENULS entered testing phase

16 Sep 2022 2 minute read 0 comments NULS

NULS Community Briefing   ◢ Topics: Technical Progress SCO Collaboration & Trading Community Governance   ◢ Technical Progress Completed the upgrade of NULS protocol. This upgrade has carried out a series of optimizations on the VM of the NULS nod...

Second Half of August in 2022 / Nulswap is officially activated

2 Sep 2022 3 minute read 1 comment NULS

NULS Community Briefing   ◢ Topics: Technical Progress SCO Collaboration & Trading Community Governance   ◢ Technical Progress Proceed to the development and testing of NULS mainnet (v2.15.0). New version optimized the VM of NULS node program....

Announcement of NULS Nodes Updated to v2.15.0

30 Aug 2022 1 minute read 0 comments NULS

To NULS community The latest version (v2.15.0) of NULS nodes has been released at 09:50 (UTC+8) on August 30th 2022. The new protocol will take effect when block heights reach 10,000 after 80% main-net nodes complete updating.   NULS Nodes V2.15.0 De...

NULS partners with veriTAG to represent Singapore partners to showcase in SCE2022

24 Aug 2022 2 minute read 0 comments NULS

On the morning of August 22, the 2022 Smart China Expo opened in ChongQing. Singapore continues to serve as the co-host of the Smart Expo. At the opening ceremony, Mrs Josephine Teo, Minister of Communications and Information and Second Minister of t...

First Half of August in 2022 / NULS is partnering with SuisseBlockchain

21 Aug 2022 3 minute read 0 comments NULS

NULS community briefing   ◢ Topics: Technical Progress SCO Collaboration & Trading Community Governance     ◢ Technical Progress Completed a new POCM feature that allows the locked part to be staked, and the new function has been released to the o...

NULS - 3 Factors that trigger a “FOMO”

6 Aug 2022 2 minute read 0 comments NULS

FOMO — is an English abbreviation phrase for “Fear of Missing Out,” or ‘Fear of Being Left Out. Fear of missing out is a feeling we have all experienced, including in the crypto world. It is common to see crazy bumps (value increases and decreases) f...

Second Half of July in 2022 / NerveFarm listed NULS-USDTN Pool

4 Aug 2022 2 minute read 0 comments NULS

NULS community briefing   ◢ Topics: Technical Progress SCO Collaboration & Trading Community Governance     ◢ Technical Progress Completed the NULS network v2.14.0 protocol upgrade. Developed new functions & features for POCM products. Assisted NT...

The Second Half of June in 2022 /NULS ecosystem is growing at a stable pace

18 Jul 2022 3 minute read 0 comments NULS

NULS community briefing   ◢ Topics: Technical Progress SCO Collaboration & Trading Community Governance   ◢ Technical Progress Updated NULS mainnet to v2.140, added new functions such as the automatic deployment of smart contracts, supported multi...

Announcement of NULS Nodes Updated to v2.14.0

7 Jul 2022 1 minute read 0 comments NULS

To NULS community The latest version (v2.14.0) of NULS nodes was released at 10:20 AM (UTC+8) July 7th, 2022. The new protocol will take effect when block heights reach 10,000 after 80% mainnet nodes complete updating.   NULS Nodes V2.14.0 Details S...

The Second Half of June in 2022 /NULS ecosystem is growing at a stable pace

4 Jul 2022 3 minute read 0 comments NULS

NULS community briefing   ◢ Topics: Technical Progress SCO Collaboration & Trading Community Governance   ◢ Technical Progress Completed the functional development and testing of NULS network supporting and internal deployment contracts. Assisted...