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.


NULS community briefing for the First Half of October in 2021

18 Oct 2021 3 minute read 0 comments NULS

◢ Topics: Technical Progress SCO Collaboration & Trading Other News Community Governance   ◢ Technical Progress  Assisted NTC to continue on frontend coding.  Assisted NTC to update the NerveBridge, made it adaptable in different App wallets. Assi...

NULS community briefing for the Second half of September 2021

3 Oct 2021 4 minute read 1 comment NULS

◢ Topics: Technical Progress SCO Collaboration & Partnership Other News Community Governance ◢ Technical Progress POCM mainnet was updated to the latest version and POCM was integrated in Nabox App. Staking in SCO projects are now available using...

NULS Collaborates With OxPay and veriTag to Enable Token Purchases, Develop Stable Tokens.

2 Oct 2021 3 minute read 0 comments NULS

Three parties will develop stable tokens Through the partnership, NULS will build blockchain infrastructure, veriTAG will set up merchant and digital wallet ecosystem, OxPay will be exclusive payments service provider All three parties to collabor...

Revealing $NSWAP Tokenomics

30 Sep 2021 1 minute read 0 comments nulswap

Introduction Following our last article, we unveiled how Nulswap works and the mechanisms involved, in this article we will address the importance of $NSWAP and how both are interconnected. What is $NSWAP? We believe that all tokens must have involve...

What is Nulswap? A Brief Introduction

25 Sep 2021 3 minute read 0 comments nulswap

We’re excited to introduce Nulswap, the first DeFi project in NULS Blockchain. Considering the popularity of DeFi and the growth of DEX on Ethereum, users and developers are limited by high gas costs and slow transactions. Nulswap commitment to solve...

Happy 4th Anniversary, NULS!

22 Sep 2021 1 minute read 3 comments NULS

NULS’s 4th Anniversary Commemorative NFTs for you to collect, limited to only 1000 pieces!   Hello NULS community: Time is fleeting, NULS has been established for 4 years. We, the NULS team and the community members, have done so many things in the p...

NULS Contributors Selection

21 Sep 2021 1 minute read 4 comments NULS

In the third season of 2021, there finally came a breakthrough for NULS with more and more crosschain bridges being built and the quick explosion of NFTs market. NerveNetwork has established crosschain bridges for multiple assets from 9 different blo...

NULS community briefing for the first half of September 2021

20 Sep 2021 5 minute read 0 comments NULS

◢ Topics: Technical Progress SCO Trading Other News Community Governance ◢ Technical Progress Developing product and UI designs for the latest version of POCM. Completed the test of NULS Stake DApp and ready to deploy the mainnet. With the help of...

NerveNetwork is partnering with Harmony

18 Sep 2021 1 minute read 10 comments NULS

NerveNetwork partners with Harmony to provide cross chain support for projects on Harmony NerveNetwork is partnering with Harmony to provide cross-chain support for the projects on the Harmony chain to interact with other blockchains. The Nerve team...

NULS community briefing for the second half of August 2021

18 Sep 2021 5 minute read 2 comments NULS

OKExchain, OEC, officially deploys NerveNetwork mainnet nodes. ◢ Topics: Technical Progress SCO Trading Other News Community Governance ◢ Technical Progress Identify the POCM requirements that will be incorporated in the next POCM release. The cod...