NULS (NULS)

The exchange rate of one NULS at 05:58 UTC is 0.6379$

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“Nuls” is an open source project that provides developers with a flexible, customizable framework. Nuls includes cross-chain consensus, multi-chain mechanism, and support for smart contracts. In addition to creating a trustworthy decentralized environment, Nuls also allows users to customize the chain to suit their own needs.

The team that created and manages Nuls has extensive experience and knowledge in the field of blockchain.

Jason Zhang is the lead developer and co-founder of Nuls with vast experience in security programming for dozens of banks in China with in-depth knowledge of all cryptographic algorithms, PKI standards and PKCS standards.

Lily Wang is the second co-founder and the author of the original idea behind the Nuls project, who works to advance the growth of the Nuls community and business partnerships.

Reaper Ran is the last co-founder and the Nuls community leader. Reaper's main aim is to support and grow the Nuls community.

Nuls is primarily focused on making the blockchain more accessible to developers and businesses. This is done through modularity and the use of subnets.

The network and blockchain still use all the complex concepts of blockchain such as cryptography, consensus mechanisms, storage, and smart contracts, but all these complexities are hidden so that developers can focus on what they want to create, and not on the need to understand these complexities.

In this way, Nuls tries to solve real problems while remaining simple and accessible to developers of all skill levels. The use of custom modules gives developers freedom without being limited by technological complexity. Nuls is also working to promote the commercial use of blockchain technology to help it spread faster.

There are several problems with blockchain hindering the growth and development of the industry that have been identified by the Nuls team. One such issue is development cost. Since there is a shortage of experienced blockchain developers, those with the skills can earn higher salaries.

The business solution is to create a simple programming environment. Nuls shortens developer training time by hiding some of the complexities from developers with less blockchain experience. At the same time, for more experienced developers, the possibility of development is provided.

Further, Nuls has made its blockchain adaptable for different application use cases. This was done by developing a modular design, adding a multi-chain system, and incorporating smart contracts to automate basic tasks.

Finally, Nuls supports the processing of millions of transactions per second through the use of parallel expansion technology. This is made possible by the multi-chain system developed by Nulls, which effectively solves the scalability issue that has hindered the growth and adoption of blockchain technology. Once blockchains can scale enough, enterprises will be much more willing to use the technology for their own projects.

The main Nuls blockchain uses a unique consensus mechanism known as “proof-of-credit”. The PoC consensus mechanism is modular like the other elements of Nuls. Subnets can replace the main functional modules as needed. This will allow users to configure rules for their subnet.

The “proof-of-credit” mechanism works similarly to “proof-of-stake”, where users will need to lock up a certain number of NULS tokens in order to run a network node. The amount required to run a node is set by community consensus. If a user decides to stop running a node, they can immediately unlock and access their NULS tokens.

The Nuls ecosystem benefits crypto developers, businesses, and enthusiasts by providing needed solutions and expanding the use and adoption of blockchain technology.