NULS is a global blockchain open source community project, which provides a customizable block chain infrastructure. It consists of a micro-kernel and functional modules. With innovative ideas on reducing the burden of main block chain and decoupling events and services, modularization on all NULS underlying operational components is architected and implemented.
IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.
What is NULS
NULS is a blockchain with a modular based architecture enabling customizable modules and cross-chain operability. Its two-part design is the micro-service and the functional modules. They have been built with the goal to maintain the well-known programming practice of high cohesion and low coupling. They also adopt the hotpluggable principle allowing modules to be added or removed during operation.
The decentralized nature of NULS allows for a business model that bridges the gap of trust in using the technology as well allowing users to customize their side-chain to fit with their requirements. The simplicity of implementation comes from the architectural design of NULS where complex concepts such as cryptography, consensus mechanisms and storage methods are abstracted away from the developer, so they need only to be concerned with what they want to build that is within their skillset.
The simple base of the main-chain will provide a set of modular components that can be customized to the users’ needs. Users will be free to choose their preferred consensus mechanism, network, account, ledger, block management, chain management, transaction management, event bus as well as other permissions to designate to their chains. Chains are not limited to being public chains but can also be designed as private or consortium chains.
Why was NULS Created?
Blockchain uses the chain structure which is limited in performance due to the size of the database, and difficulty lies in synchronization and the complex task of performing technical updates on a decentralized network.
A blockchain was needed that not only solves real world problems but also makes the developer’s work easier. The ability to customize modules to suit the developer’s needs promotes their individual innovation and does not constrain the possibilities of what can potentially be built. To solve these problems and promote the commercial use of blockchain technology, NULS was designed.
After conducting market research and analysis, we found that there are various problems that hinder the growth and development of blockchain. Talented individuals in the IT sector are already hard to come by and developers who are additionally experienced in blockchain is a rarity. This creates a higher cost for development as these individuals can charge a premium in exchange for their services due to the simple economic function of demand exceeding supply. This issue cannot be solved in the short term and will only be solved over time as more developers learn and understand the technology.
Existing blockchains are limited in performance and cross-chain communication is still being explored. Organizations and businesses will not be interested in using a consortium or private chain that isn’t completely trustworthy. NULS can provide a reliable solution to these problems.
DetailsPre-sales: May 31, 2018 - Jun 30, 2018
Token supply: 105,539,596 NULS
LegalBlockchain Platform: Ethereum
Office address: 250 W. Tasman Dr., Suite 180 San Jose, CA 95134
Token infoTicker: NUL
Token standard: ERC-20
Token price in USD: 1 NULS= 4.01471 USD
Accepted currencies: ETH
40% - Airdrop
20% - Development Funding
20% - Community Funding
20% - Business Cooperation
Mainnet development and testing phase commenced
July 11, 2018. Mainnet and blockchain explorer launch
Desktop wallet optimization and release of the NULS light wallet
Improvements and addition of smart contract and ledger modules
Q4. 2018 Initiation of NULSTAR, microservices, universal ledger module, cross-chain consensus
Q1. 2019 Initialization of Chain Factory, design and development
Q2. 2019 Internal alpha testing commences, intra-cross-chain transactions
Q3. 2019 (July 8) Public Beta testing, cross-chain consensus, and out-of-the-box chain testing
Q3. 2019 ChainBox Public Test
July 8th-September 20th, 2019. Application Module Hackathon
Q3. 2019 Internal Alpha Testing of Chain Factory
Launch of NULS 2.0 Mainnet
Public Test and Mainnet Chain Factory Launch
Complete at least 20 industry solutions and build a new NULS-based ecosystem