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 and MyCointainer Work Together

15 Jan 2021 1 minute read 0 comments NULS

NULS/Nerve is happy to announce a new collaboration with MyCointainer. MyCointainer is the ultimate staking service platform. Users can stake assets and have access to shared masternodes for a wide selection of coins. On top of being a staking platfo...

BonFi Launching on NULS POCM, 15th January

14 Jan 2021 2 minute read 0 comments NULS

Just before the closing of 2020, we announced a new collaboration with BonFi. In the past weeks, they have developed their new NULS-BNF Credit Mining product that is beneficial for both communities. This new DeFi product will be released on Friday, t...

NULS to Integrate Chainlink to Empower NULS/Nerve Developers to Build Next-Generation DeFi Applications

13 Jan 2021 5 minute read 1 comment NULS

NULS and Nerve are delighted to announce the planned integration of Chainlink, the market-leading decentralized oracle network, into the NULS ecosystem. NULS will use Chainlink to obtain secure and reliable market data for developing DeFi products on...

NULS to Integrate Chainlink to Empower NULS/Nerve Developers to Build Next-Generation DeFi Applications

13 Jan 2021 5 minute read 0 comments NULS

NULS and Nerve are delighted to announce the planned integration of Chainlink, the market-leading decentralized oracle network, into the NULS ecosystem. NULS will use Chainlink to obtain secure and reliable market data for developing DeFi products on...

NULS Supports NFT Assets

12 Jan 2021 2 minute read 0 comments NULS

NFT assets can be used in many scenarios. Whether it’s virtual assets or more physical assets to anchor on the chain in the future, NFT is one of the essential asset types. At this year’s 3rd Anniversary Ecological Cloud Summit, NULS released an upda...

NULS Bi-Monthly Report — Second Half of December

9 Jan 2021 5 minute read 0 comments NULS

Technological Progress NULS Light Wallet Supports NFT Asset Management Chrome plug-in development, currently cross-chain transfer function, authorization, signature API development content. The new version of Nabox Android and IOS mobile development...

NULS/Nerve Form New Collaboration with Cobalt Lend

7 Jan 2021 2 minute read 3 comments NULS

NULS/NerveNetwork is happy to announce a new collaboration with Cobalt Lend, a company specializing in cryptocurrency and credit card processing. Both companies are fintech based startups. Launched in late 2020, Cobalt Lend is a community-based lendi...

Goodbye 2020, Hello 2021!

6 Jan 2021 1 minute read 0 comments NULS

As we look forward to 2021, we want to recognize the people, projects, and companies we have supported and guided. We acknowledge and thank our community contributors. They have tested for us, reported situations to us, celebrated with us, and a...

NerveNetwork 1.8.0 Update

29 Dec 2020 1 minute read 0 comments NULS

Mandatory Upgrade Attention: NerveNetwork Friends and Node Owners A new version has been released on the NerveNetwork main-net on December 29, 2020 at 17:00 UTC+8. The update will take effect on December 31, 2020 at 11:00 UTC+8. Huobi ECO Chain (He...

NULS Bi-Monthly Report — First Half of December

22 Dec 2020 5 minute read 1 comment NULS

Technological Progress The NULS node updated to 2.8.0, which has improved stability, and solved the problem of producing yellow cards due to large transaction volume. Continued to develop the Chrome plug-in. Completed the joint debugging of NULS and...