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Topic: What is Nuls? (Read 4059 times)

newbie
Activity: 33
Merit: 0
March 12, 2019, 03:33:34 AM
#75
NULS Makes Big Moves in the Market and Bigger Moves on its Roadmap
Go to the profile of NULS
NULS
Mar 11

With NULS 2.0 on the horizon, we have seen some excitement building around NULS. The Alpha testing of 2.0 will soon move to our second testnet — an incentivized testnet aided by the Node Forge proposal and voted on by the NULS Global Community in anticipation of NULS 2.0.

Community developer and CCC member Berzeck has completed the most basic modules for Nulstar — the precursor and underlying basis of 2.0. Both are currently undergoing thorough internal testing and are scheduled to be released to testnet as early as April.

To prepare for the eventual marketing campaign and implementation of our branding strategy, a new website is currently being designed to help display some of the major design features and advantages of NULS 2.0 and Chain Factory — the groundbreaking enterprise blockchain product that will be based on 2.0 capability. As a taste of what’s to come, Chain Factory will also begin its developmental design phase in the Spring of 2019.

And while many other projects are just now starting to realize the benefits of an underlying microservices architecture, NULS leads the way and has already begun testing it with the first round of internal tests for 2.0 and Nulstar.

Starting from Scratch Vs. Starting From Simplicity
The lowest base level of a blockchain’s architecture must be compatible with the coding level of existing systems in order for existing systems to integrate the blockchain’s features. Otherwise, cost is increased while efficiency is lost. This is the main reason NULS 2.0 was designed — because there is a demand for this type of simple base architecture to enable the adoption of businesses by integrating existing systems with blockchain technology. It is not enough to simply be able to build a chain.

Meaningful adoption will begin with an underlying microservices framework which doesn’t require a business to build or start their blockchain integration from scratch. NULS 2.0 and Chain Factory will make it possible for a business to create a fully customizable, flexible, and easily updated blockchain perfectly suited to their specific needs in a fraction of the time, and at a fraction of the cost of the legacy model. There are many projects in the space catering to the enterprise market, but NULS leads the vanguard of innovation with customizable modular services, only made possible by 2.0.

More User-Friendly Wallets
Many other developments will find their way to completion during the Spring of 2019, as the market appears to be making its return to positive sentiment. Wallet choices and alternatives have been a main priority of NULS throughout the crypto-winter and Ledger integration is entering its final stage of development. Binance’s Trust Wallet is an open-source, secure wallet service that is also being currently integrated by NULS and allows the user to always be in control of their private keys. Addition to Bitkeep wallet is also being integrated, and will allow users to stake, and vote from the wallet.

The desktop wallet for the 1.0 mainnet has been a cumbersome resource hog — and this is to be expected, because running the desktop version of NULS is nothing short of running a full node. Noticeably, other projects like ETH only used full node wallets in the early stages of development because of synching and memory requirements — a full node is not a wallet designed for everyday customer usage. In the past six months of development NULS has welcomed the addition of several light wallets — a web wallet, Moshe’s light wallet, and most recently the CCC’s Nytro wallet. Nytro is a stand-alone application that does not require users to access it by importing their private keys over the internet.

With all of this underway it is not surprising that the market is starting to warm up to NULS, even prior to the launch of a formal marketing campaign. Technological innovation takes time, and we appreciate the community’s support during the development of 2.0. Innovation has always been one of the major strengths of NULS, and we look forward to sharing some of the fruits of that innovation with everyone soon.Thank you NULS Community for all of your support!

The Core Team — #Nulsdeep and no sleep till adoption.
https://medium.com/@nuls/nuls-makes-big-moves-in-the-market-and-bigger-moves-on-its-roadmap-262cfe06c40b
newbie
Activity: 33
Merit: 0
January 10, 2019, 05:37:27 AM
#74
thanks for your reminder, will do. You mean update news on this topic or in other social media. You can use our community forum https://nuls.community/ to see some related reports posted by CCC members.
sr. member
Activity: 868
Merit: 251
January 09, 2019, 09:58:54 AM
#73
I'm used to watching Reddit. But on your page I found only the old announcements. https://www.reddit.com/r/nulsservice/comments/9zc4do/what_makes_nuls_a_driving_force_in_the_blockchain/ I can't see anything new about your project Already. I hope you will be able to notify people in a timely manner.
newbie
Activity: 33
Merit: 0
January 09, 2019, 03:54:19 AM
#72
Jan 4th, 2019: Welcome to the NULS bi-monthly progress update.


Technology Progress


1. Node Wallet

- The NULS main-net wallet v1.1.6 has been released, which optimizes memory management, network node discovery mechanism, network data transmission mechanism and block download mechanism.

2. NULS 2.0

- The network module, block management module and consensus module are under joint debugging.
- The transaction management module is expected to enter joint debugging in the first week of January.
- The ledger management module is still under development.
- Started the refactoring of api-server module, completed data parsing, realized mangoDB storage, and implemented the interface of front-end RPC.

3. Blockchain Explorer

- The UI design has been completed and it is now in the development phase, which is expected to be completed by the end of January.

4. New Wallet

- Two rounds of review have been completed. Currently, it is in the UI design phase, which is expected to be completed in mid-January. Compared with the old version, it is more convenient to view the consensus node. In addition, the web wallet, node wallet and light client share the same UI.

5. NIP

- The revision work has been completed. Please check out the details in the Community section:

[**NIP1_NIP的目的和指导(公示) NCG20181227 - NULS community**
*Discuss around the NULS modular next-generation blockchain. Any question ? There is an help section where you can ask.*nuls.community](https://nuls.community/d/270-nip1-nip-ncg20181227)

6. NULS Document Repository

- It has been developed and is currently deployed on the intranet. It needs updates and supplements with basic documents before it is released.

7. White Paper Revision

- According to the current technical development of NULS, we have preliminarily completed the revision of the white paper, which is still under improvement and is expected to be completed this month.


Technical Community Progress

CCC (Code Craft Council) Progress


- CCC members [**Josh**](https://nuls.community/d/288-mechjosh0-december-2018-report)**,** [**Moshe**](https://nuls.community/d/120-moshe-malawach-progress-work-and-situation-report/14)**,** [**Berzeck**](https://nuls.community/d/287-progress-report-2018-12)**,** [**Naveen**](https://nuls.community/d/286-naveen-ccc-work-status-december-2018)**,** [**Edward**](https://nuls.community/d/294-december-2018-report/2)**,** [**Angel**](https://nuls.community/d/115-angelillou-work-report/11), and [**Claudio**](https://nuls.community/d/301-december-2018-report) all have submitted their work reports for December, which details their work progress.

Business & Community Events

1**The NULS Ambassador election has completed. Four ambassadors from the United States, the United Kingdom, Singapore and Portugal won in the campaign.** After 20 days of fierce campaign, the voting result of the NULS Ambassador’s election came out. According to the Ambassador’s election rules, 4 Ambassadors have been elected to server for the first quarter of 2019. The U.S. Ambassador @Jgatto ranked first with 3,129,046 votes, Portuguese Ambassador @Cristinh0 ranked second with 3,014,371 votes, UK Ambassador @ThatMartiniGuy ranked third with 2,979,377 votes, and Singapore Ambassador @juggerno ranked fourth with 2,167,466 votes. This poll totaled 16,814,668 votes out of 5,590,602.55NULS. According to the total circulation of NULS, the voting rate reaches about 12.42%.

- [**NULS Election Exemplifies True Decentralized Blockchain Governance**](https[Suspicious link removed]mplifies-true-decentralized-blockchain-governance-7ad4450cddc8)


2 **Pen Luo**, NULS Product Manager, was invited by CSDN’s Blockchain Lemon to write a technical analysis article -“Product disclosure: simultaneously supporting multiple public chains, the node wallet is developed in this way”. For more information, please click [HERE](https://mp.weixin.qq.com/s/uZTblRs7mRr3IRPDFAIf2A).
- On Dec. 15th, **Cody Lan**, Technology Manager of NULS Shanghai office, attended the high-end wine party -“Stars Plan”, organized by Shilian.com.


3 On Dec. 16th, **Alicia Huang**, Commercial & PR Department Director, was invited to attend the Ear Finance Blockchain Technology Conference China 2018.


4 **NULS moves to the 6th place in CCID’s 8th issue of Global Public Blockchain Technology Assessment.** China’s Center for Information and Industry Development (CCID), under the Country’s Ministry of Industry and Information Technology, announced the Center’s 8th update of its Global Public Blockchain Technology Assessment Index (GPBTAI) on Dec. 20. From the specific index, NULS has jumped up rapidly to the sixth position. In just four months, from #20 to #9 and then to #6, the NULS technology concept and technical strength have been fully recognized. As a new generation of public blockchain, NULS has outstanding performance in basic technology. For more information, please click [HERE](https://mp.weixin.qq.com/s/uZTblRs7mRr3IRPDFAIf2A).


5 On Dec. 20th, **Essam**, NULS Community Manager in Australia & New Zealand, was invited to attend the[ **AMA event of the Public Blockchain Alliance** ](http://www.marsfinance.net/newsdetail/20181220155518614559.html)— “How to view the development of the public blockchain in 2018”. Essam mentioned that *“community is the overriding part of the public blockchain ecosystem. If you develop a DApp or tool that no one uses, it’s worthless. First, you need to build your user base and delve into what products they need. It’s reasonable to operate in a public-chain way, which allows us to develop communities more easily, rather than providing services to individual companies. When blockchain technology is truly widely used in enterprises, more substantial changes will take place.”*


6 On Dec. 22nd, **Jason Zhang**, NULS Founder, and Alicia Huang, Commercial & PR Department Director, were invited to attend the CSDN Blockchain Workshop on how to develop smart contracts and build with Java. At the workshop in Beijing, Jason shared the zero-based practical development of a smart contract.


7 **Liesa**, NULS Core Team CEO, took the interview of the CSDN’s Blockchain Lemon-“Late winter: Can the blockchain warm up?” Liesa believes that the rapid development of an industry in its early stage is bound to involve people with different purposes, and also incur various situations, which are normal phenomena. The global economy is in the downward trajectory in 2018, understandably, anxiety and uneasiness have been ubiquitous in the global economy body. Blockchain, a brand new industry, is still in the early stage of development. People involved may be more in a sense of crisis than those in other industries. Every coin has two sides. Usually, under such crisis awareness, more future directions will emerge. For more information, please click [HERE](https://mp.weixin.qq.com/s/aaUmMvFjkTlZQW4Dn-LCMw).

8 NULS can now be found on the[ Bituniverse APP](https://www.bituniverse.org/).

9 Coinmarketcap updated NULS information such as total supply and Circulating Supply etc. [*https://coinmarketcap.com/currencies/nuls/*

10 Overseas media Coincodex analyzed three major projects, including NULS, from Dec. 17 to 23, 2018.For more information, please click [HERE](https://coincodex.com/article/2761/top-3-coins-to-watch-dec-17-dec-23-2018/).

11 Launched an interview to hear the voice in the Chinese community and talk about the shortcomings in the development of NULS.

12 NULS community released a video presentation on the NULS development in December. This is a nice video from our community member [Nalex](https://twitter.com/NalexNuls?lang=en).

13 Community member Nalex opened the [**online store**](https://www.teepublic.com/user/nalexnuls?utm_source=designer&utm_medium=social&utm_campaign=NalexNuls) for NULS peripheral products.

[**T-Shirts by NalexNuls | TeePublic**
*Shop t-shirts, phone cases, hoodies, art prints, notebooks and mugs created by independent artists from around the…*www.teepublic.com](https://www.teepublic.com/user/nalexnuls?utm_source=designer&utm_medium=social&utm_campaign=NalexNuls)

14 The African Ambassador released an introductory video in the Ambassador election to share his plan for the ambassador’s development.

15 Singapore NULS Ambassador Juggernot posted his December work report on the community forum [HERE](https://nuls.community/d/300-singapore-nuls-ambassador-report-december)
- South Korea YouTube blogger released the NULS introductory video, sharing the news that NULS has been listed on the Huobi Korea Station.

16 [**NIP1_NIP Purpose and Guidelines (NCG20181227)**](https://nuls.community/d/271-nip1-nip-purpose-and-guidelines-last-call-ncg20181227) has been released tothe community. NIP represents the NULS Improvement Proposal. NIP is a design document that provides information to the NULS community about NULS-related improvement processes or new features. NIP authors are responsible for building consensus and recording different views within the community.

17 [**NIP2_NULS Community Constitution**](https://nuls.community/d/276-nip2-nuls-community-constitution) has been released. Due to the development requirement of NULS and to better facilitate the favorable operation of the NULS community and to make blockchain technology easier with NULS, the NULS community will constantly seek and implement NULS community autonomy for the realization of self-governance and self-evolution.

18 [**NIP3_Community Fund Management and Use of Process**](https://nuls.community/d/275-nip3-community-fund-management-and-use-of-process) has been released(NGC20181221). To meet the needs of the ecological development of the NULS community, the NULS Community Fund will be managed and used on the principle of fairness, justice and openness. The NULS Community Fund account is open to the community and subject to the supervision of the community members. All proposals for community incentives are under management in alignment with the Community Charter. Only with the approval can the incentive be drawn from the Community Fund. The fund will be managed by the members of the foundation in the early stage. With the gradual progress of the governance mechanism, the fund will be handed over to the community in the later stage.

19 NULS has been listed on the Anybit wallet to distribute Christmas gifts to the community — 20 Anybit BankCard cards.


20 NULS held a Christmas giveaway on social media [Instagram](https://www.instagram.com/p/BrTzT_cnOXK/?utm_source=ig_web_copy_link) and [Weibo](https://m.weibo.cn/6386511770/4317469647220176), to wish every NULS community member an amazing Christmas.

21 Plan and launch the New Year’s Day activity — “Gather vigor, win gift”, 2019 is starting with vibrant new beginning. The activity is still in progress so come and join!

original link:https://steemit.com/nuls/@nuls/jan-4th-2019-welcome-to-the-nuls-bi-monthly-progress-update
jr. member
Activity: 420
Merit: 1
August 08, 2018, 04:25:01 PM
#71
I think you would need a more comprehensive announcement thread in order to disseminate your information accurately. You can apply as a copper member so as to have some features enabled or you can employ the service of someone that can do that for you.
sr. member
Activity: 966
Merit: 264
August 08, 2018, 04:20:46 PM
#70
Blockchain & Gaming - a Match Made in Heaven

Gaming companies can raise early funding for their projects by way of an ICO, and their ICO can run on the NULS blockchain. The project creator will soon discover how much interest there is in their project, and be in a position to react early to community feedback. This is one of the benefits of crowdfunding a project, you can judge adoption early and tailor your project accordingly.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-gaming-match-made-in-heaven/

newbie
Activity: 35
Merit: 0
August 03, 2018, 03:56:07 AM
#69
The greater part of the Nuls are presently in the hands of the official, so they can control costs freely, and in my view, Nuls is a fizzled token, with just theoretical esteem.
member
Activity: 67
Merit: 12
July 27, 2018, 07:37:24 PM
#68
The previous article “A NULS’ community collaborative idea: hosting enterprise-ready and commercial applications on the blockchain using Modules” goes into great detail on the advantages of NULS’ modular design. Some of these advantages are described below;

1. Updates and technological upgrades can be made independently, and at any time in each specific module without affecting the function of the rest of the blockchain.

2. Users can choose and develop certain applications on many different modules.

3. NULS is an open source community project. Once the main net activates the standard interface will improve day by day and it will be easy for community developers to improve modules already on the NULS blockchain, or to develop functional modules using the standard interface.

4. When a bug is found, it is easier to locate and repair it.

Another concept that will help facilitate enterprise on the blockchain is the idea of ‘parallel multi-chains’. Similar to NULS’ modular design, the ‘parallel multi-chain’ extension mode will also work to facilitate and host various enterprise-level applications. If the main chain has to host all the services of the blockchain, then hardware maintenance costs alone would be in the tens of millions, which would be in addition to the funds needed for business development and expansion. The capital investment required is simply not conducive to hosting enterprise applications or for consensus participation. At the same time, the lowering of the participation threshold on the blockchain which is advocated by NULS would not be possible.

In order to solve this problem, after doing some comprehensive research into the technology of Bitcoin and Ethereum, the NULS team has created a ‘parallel multi-chain’ extension mechanism that will link the main chain and sub-chains. This mechanism separates the main chain from the sub-chains. Each sub-chain can host a different type of business service, which lowers the threshold for participation as well as satisfying extremely high TPS requirements. The following figure demonstrates the multi-chain parallel extension mechanism using the anti-counterfeiting tracing chain as an example.


The blue parts in the above figure show the anti-counterfeiting traces registered on the NULS blockchain. The sub-chain manager records data from a module when it is in the sub-chain extension mode. The main chain just performs auditing and verification tasks and does not run actual services. Because the consensus mechanism and the block-time can be freely chosen the sub-chain block header does not have fixed parameters. Every block on the main chain is expected to be able to accommodate about 6000 sub-chains. Taking a conservative estimate at 3000 sub-chains, with each sub-chain using 80 parallel chains to record business data, each themselves being able to carry out 2000 transactions, then the total number of transactions is 3000 (blocks on the main chain) * 3000 (sub-chains) *80 (parallel chains) * 2000 (transactions) = 1,440,000,000,000.

The sub-chain service chains will expand in conjunction with the complexity of the business and so too will the volume of transactions. The sub-chain block header reports to the main chain meaning that the main chain does not have to store all the business transaction data all at once. It also guarantees that the sub-chain data cannot be modified and separates the auditing on the main chain from the business data. Thus, by the logical design of this blockchain, only important resultant data or data for evidence is stored on the main chain, whilst the sub-chain data is verified by nodes on the main chain to ensure authenticity. At the same time, blockchain performance costs are reduced.

Blockchain expert and architect Wu Mengye from the Department of Electronic Engineering at Tsinghua University states that;

“The ideal basic design of a blockchain should have a structure that allows the business to be divided vertically, so it has the ability to flexibly expand and have a practical allocation of services. Take for example Alibaba Cloud Computing which allocates different services such as Cryptokitties and Blockchain Loans to different parts of the blockchain. Each part has its own smart contracts, consensus layers and distributed ledgers. In theory, they are just private chains, but businesses can realize interoperability using the cross-chain digital asset protocol.”

From his statement we can see that the idea of using parallel multi-chains to facilitate expansion on the main chain is a method approved and advocated by blockchain experts. Additionally, previous discussion on the state of blockchain technology had been about removing on chain workload along parallel pathways.

The plan is for the NULS main chain to only constitute 5% of the NULS ecosystem, and most of the remaining 95% of the ecosystem to comprise of sub-chains relating to many different industries. Developers from all over the world are therefore welcome to join the NULS community. Let’s build, share and sustain the NULS’ ecosystem together
newbie
Activity: 84
Merit: 0
July 17, 2018, 03:48:38 AM
#67
Nuls is "anything and nothing" to be used by companies how they see blockchain fits. Much like EOS, NEO, and Lisk with strong ties in Asia.
member
Activity: 266
Merit: 10
July 01, 2018, 01:47:45 PM
#66
Nuls is a digital token of the multi-block platform, which offers a unique solution for integrating the activities of enterprises into the block system. Thanks to the complex smart contracts that will be used on Nuls, the directors who can program themselves a business model in Nuls and run it into work.

According to the developers, the functionality of the NULS platform can increase business confidence in decentralized applications for blocking.
full member
Activity: 280
Merit: 101
June 18, 2018, 10:28:39 AM
#65
NULS is an adaptable Blockchain for Enterprise Solutions. Kucoin confirms support for NULS and upcoming token swap. Rumor: NULS mainnet release to happen in August
newbie
Activity: 126
Merit: 0
June 08, 2018, 05:16:43 PM
#64
Wow! This business on the move. I believe the target of 10x before the end of year 2018 will be reached.

This is an epitome of a project with focus. Every step taken in this project is towards its success. By the time This coin is listed in more exchanges it will find its way into Moon. This is even an understatement, it will be a successful project that will amaze so many people.
newbie
Activity: 31
Merit: 0
May 12, 2018, 03:18:11 PM
#63
Thanks for info.
newbie
Activity: 4
Merit: 0
March 19, 2018, 11:00:57 AM
#62
Is the test net release still on track on March 20, 2018?
full member
Activity: 321
Merit: 100
February 27, 2018, 04:40:19 AM
#61
NULS is a global blockchain open-source project which is a highly customizable modular blockchain infrastructure; it consists of a microkernel and functional modules.
NULS provides smart contracts, multi-chain mechanism and cross-chain consensus. It aims to break the technical barriers of blockchain, to reduce cost of development, and to promote the usage of blockchain technology in the commercial field.
legendary
Activity: 1316
Merit: 1021
2009 Alea iacta est
February 24, 2018, 10:13:16 AM
#60
The progress bulletins of Nuls ---FEB.1/15. 2018

https://steemit.com/nuls/@nuls/the-progress-bulletins-of-nuls-feb-1-15-2018


Commenced work to build our developer community.
We have created a NULS-client project on github and completed the entire development framework of the client.
Continually debugged the part function of consensus.
Reconstructed the network modular.
Formed detailed development plans for the creation of NULS online wallet, mobile client and blockchain browser.


The NULS co-founder, Reaper Ran has represented the NULS community by participating in the "2017-2018 China Blockchain Billboard Annual Ceremony". The implementation of blockchain applications were discussed along with ideas of how to deepen cooperation.

NULS participated in the 2018 Global (Shanghai) Blockchain DApp Startup Competition. We combined with other projects to discuss the issue of blockchain application scenarios.

Reaper Ran was invited to join the live of the Wanbi and shared the NULS project with the audience.
NULS participated in the launching ceremony of the Talust project.

Participated in the kick-off meeting of "Global Blockchain Media Association (GBMA)" - co-sponsored by Shenchuang collage, Jinqian News, Lingnan Association, Hong Kong Dollar today and Digital Money Mad Men. Through this participation seek to deepen the cooperation with existing industry media.

The NULS column will be open after we reach a successful cooperation with Jinqian news (www.jqbnews.com).
NULS Community member Crypto Movie (YouTube ID), Ameriquette and Crypto Monk (YuTube ID) created some NULS introductory videos.....


newbie
Activity: 24
Merit: 1
January 31, 2018, 04:29:33 PM
#59
If you are looking for large multiples besides Nuls:
DeepOnion (ONION)
SingularityNet (AGI)

Both are extremely cheap and have the potential to become significant coins.
full member
Activity: 588
Merit: 101
January 31, 2018, 03:49:30 PM
#58
until Binance list NULS, i will never heard of such a coin, Binance listed many altcoins that few people know recently, i wonder whats the standard of Binance

NULS divides blockchain into various modules which can be a smart contract, an accounting book, a store. Each of these modules works absolutely independently. The altcoin has a good potential as I see it.
newbie
Activity: 154
Merit: 0
January 30, 2018, 11:02:38 PM
#57
Just for the record for those that aren't aware, apparently there's a new NULS (official) ANN thread run by a NULS community manager:

https://bitcointalksearch.org/topic/m.29213012

@OP, any conflicts here you may want to take up with the user on that thread
legendary
Activity: 1316
Merit: 1021
2009 Alea iacta est
January 26, 2018, 10:25:48 AM
#56
NULS' Price Hovers At $4.60 — But Could It Be An Ethereum Killer?

http://www.ibtimes.com/nuls-price-hovers-460-could-it-be-ethereum-killer-2645545



CEO David Gobaud recently announced his new company Mobius Network is moving away from Ethereum to a competing blockchain. He isn’t the only one. Just last month, the mobile messaging company Kik said it too was moving its Kin project away from Ethereum. According to the team, Ethereum was only able to handle about 10,000 users, which was not enough to handle the millions it anticipates will be using Kin in the near future.

So does this mean Ethereum is doomed? Is Ethereum going the way of AOL or Myspace, as Gobaud suggested? Maybe, but we are not quite there yet.

The Ethereum team is definitely scrambling to fix things before it loses the lead. It is looking at “on-chain” scaling solutions such as Plasma, which will require more hard forks if implemented. There are also “off-chain” scaling solutions it can embrace such as Raiden Network, which will offload transactions from the blockchain. Many ERC-20 based token companies are looking at this solution right now.

NULS And “Generation 3” Coins
Just like how new enterprise clients are not waiting for Ethereum to fix their issues, nor are the competitors. We now have a whole new generation of blockchains being developed that promise to fix what Ethereum struggles with. They are considered “generation 3” enterprise platform coins.

Generation 3 coins primarily focus on two main things. The first is super-high throughput, which allows thousands to millions of transactions to be conducted per second. The second is interoperability between blockchains. Since there are more and more blockchains being released in the cryptocurrency space, generation 3 platforms are built so that all these blockchains can talk to each other and become a bigger ecosystem.

NULS is a new company out of China currently developing a new generation 3 platform. The cryptocurrency’s jumped to a high of $8.50 a couple of weeks ago — and we’ll get to why that’s important in a bit.

NULS is taking a modular approach with its blockchain, meaning everything is treated like it’s a module. This includes its smart contracts, ledger, storage, network, accounts, consensus and processor. The reason for this is that any of the modules within the blockchain can be removed and upgraded without taking the whole thing down. That means hard forks are a thing of the past.

Why NULS’s Modular Approach Is Significant
The modular approach also helps with transactions and interoperability. NULS is built to handle sidechains, which are separate blockchains that share resources with the main blockchain. With this kind of setup, many of the operational transactions with messaging, voting, payments and accounting are offloaded and therefore not clogging up the main blockchain.

Extending on the benefit of being modular, NULS built the platform to work with many different kinds of consensus mechanisms. That means sidechains or other blockchains that might be utilizing POS, POW, DPOS, and POC can all talk to each other and with NULS.

NULS has already announced its first client is InChain. InChain, which occupies the anti-counterfeit space and has some ties to the Chinese government, will be occupying their own sidechain that will utilize the NULS blockchain.

That is only the beginning. I spoke with the English community manager from NULS and he said the interest in NULS is high and there might be more partnerships announced soon.

NULS’ Price Potential
I think NULS is one of the most undervalued coins within the cryptocurrency space right now. Currently, NULS is priced $4.60 with an overall market cap around $110 Million. The decrease from its highs are from the correction the whole market experienced the last few weeks.

Take a look at NULS in comparison with some of its competitors:

Cardano: $17 Billion
EOS: $9 Billion
ICON: $3 Billion
Ardor: $1 Billion
Based on the current price and market cap position, NULS is 10 times cheaper than its nearest competitor — and 100 times less than Cardano or EOS. That alone makes me extremely excited about the potential.

NULS’ main platform launch is coming in March, and that is much further along than some of the other generation 3 platforms. From a technology perspective, the modular approach of upgrades and the unique consensus mechanism that allows it to communicate with basically any blockchain really gives NULS a leg up.

Getting in with NULS at these levels is the same as getting in Ethereum, Ripple, NEO a year ago when they were dirt cheap. I see NULS with moonshot potential which means it can grow 10 to 20 times in the near future. With adoption, NULS has 100 times potential in the long term.
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