NULS is a blockchain platform that operates on a proof of credit consensus mechanism and facilitates the execution of smart contracts. The primary objective of this project is to develop a blockchain infrastructure that can be tailored to specific requirements through the utilization of sidechains. The cross-chain consensus mechanism of the system allows for compatibility with many blockchains.
NULS may be described as a blockchain initiative that leverages microservices architecture to offer organizations a platform for the development and implementation of Decentralized Applications (DApps) aimed at addressing various challenges. The PoC (Proof of Credit) consensus technique enables users to securely lock a designated quantity of tokens in order to operate a network node.
Hence, NULS is an uncomplicated blockchain initiative that use the Proof of Credit (PoC) consensus mechanism for mining through staking. The NULS (NULS) modular architecture incorporates the 'NULSTAR' framework, which is built on microservices. This framework is said to facilitate the development of high-quality blockchain solutions for many purposes, including private chains, smart contracts, public chains, decentralized applications (dApps), and the tokenization of NRC-20 tokens.
The inaugural release of NULS, known as NULS 1.0 mainnet, was introduced in July 2018. The primary offering of NULS is a chain factory, a tool designed for constructing chains. This tool enables diverse enterprises to use a range of modules from the NULS Module Repository, including the cross-chain consensus mechanism for facilitating the circulation of asset values throughout the NULS ecosystem.
What is the operational mechanism of NULS?
The NULS (NULS) cryptocurrency leverages the Ethereum, #BinanceSmartChain HECO, and OKEx Chain networks. Its architecture consists of two distinct tiers, namely the microkernel and plug-and-play components.
The first tier, known as the microkernel, serves as the fundamental basis of the network and facilitates the underlying operational framework. In contrast, the functional module is characterized by a plug and play system with little connection, allowing users to easily interchange components according to their preferences. The NULS protocol guarantees that each sub-chain is equipped with a distinct set of nodes in order to effectively facilitate cross-chain operations. Hence, it is imperative for the participating nodes to load modules that are compatible with both chains.
NULS (NULS) is a blockchain project that utilizes microservices architecture to offer organizations a platform for developing and deploying decentralized apps (DApps) aimed at addressing various challenges. Additionally, NULS offers customers with a blockchain infrastructure that meets enterprise-level standards. Moreover, the primary emphasis of this framework is in its capacity for pluggability and modification, enabling the incorporation of cross-chain consensus mechanisms, smart contract functionality, and other related features. The primary objective was to implement a blockchain framework that could alleviate the strain on the primary chain by establishing several side chains to dissociate the services and events inside the blockchain.
The #NULS blockchain platform employs the Proof of Credit (PoC) consensus process, which enables users to secure a network node by locking a designated quantity of tokens. This project utilizes controller nodes, which the network evaluates to assign a credit coefficient to each node and then decides its consensus reward.
