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.


What Is Microservice Architecture and How Does NULS Integrate It?

24 Nov 2020 3 minute read 0 comments NULS

Microservices represent the next evolutionary leap towards flexible, fast and nimble blockchains with cross-chain capabilities interacting with countless applications. Both Blockchain and microservice architecture are modular and encourage interactio...

Take advantage of NULS POCM

23 Nov 2020 1 minute read 0 comments NULS

Proof of Credit Mining (POCM) is designed for companies and projects to obtain funding — akin to crowd sourcing. POCM is a type of SCO project (Staked Coin Output). Participants receive tokens as a reward from the company that owns the POCM. The part...

Real-world applications drive NULS usage.

22 Nov 2020 2 minute read 0 comments NULS

One of the most important points to be considered in a Blockchain project is its usability. In this regard, NULS has been adopted in several segments.There is no doubt that Blockchain is a technology that is here to stay. With several usage options,...

Free Hands-on NULS Blockchain Course

20 Nov 2020 1 minute read 2 comments NULS

If you are tired of listening to lengthy and confusing explanations provided by friends and family, this is the course for you. You will gain a comprehensive understanding of blockchains, cryptocurrency wallets, and much more. You will learn how blo...

How to Start Staking BNB on NerveNetwork

20 Nov 2020 1 minute read 0 comments NULS

Tutorial for BNB cross chain staking on NerveNetwork We recommend using MetaMask for this tutorial Log in or set up a new Nerve Wallet at https://wallet.nerve.network/ Select Account and scroll down to the BNB asset and select Cross-Into. You can...

NULS Bi-Monthly Report for the First Half of November

19 Nov 2020 4 minute read 0 comments NULS

Technological Progress NULS Heterogeneous Cross-chain Ecosystem Project NerveNetwork Successfully Opened Up the Cross-chain Function with Binance Smart Chain The UI design of the new version of Nabox is under development. Its back end has also enter...

NerveNetwork has Implemented Cross-chain Asset Circulation with Binance Smart Chain (BSC)

18 Nov 2020 1 minute read 0 comments NULS

Through the efforts of NTC members, NerveNetwork has now implemented cross-chain circulation between assets on the NerveNetwork and Binance Smart Chain network. Currently, the following functions have been implemented: NULS, NRC20, ETH, ERC20, NVT a...

NULS Smart Contract

17 Nov 2020 2 minute read 0 comments Nancy Sv

When I first discovered NULS, I was impressed with it because it was written entirely in Java. I didn’t need to learn a new language to interact with its code.   Later I discovered how simple the NULS smart contract platform is to use. The only code...

What is NerveNetwork?

12 Nov 2020 3 minute read 0 comments NULS

NerveNetwork is a multi-asset, open, and transparent value interaction platform that provides underlying support for the #DeFi application ecology. Based on the NULS micro-service framework & developed with NULS ChainBox. Introduction to NerveNetwork...

What Is NULS ChainFactory and Why You Must Try It?

10 Nov 2020 4 minute read 0 comments NULS

Back in 2017 and 2018 when the crypto craze was at its height, the blockchain technology was tested worldwide by major banks, fintechs, supply chain firms, and other entities that started to implement it for various use cases. It was a period of tria...