An Understanding of Nuls - A Chinese Perspective
https://steemit.com/nuls/@fahdi/2fee19-an-understanding-of-nuls-a-chinese-perspectiveTranslated from weibo.cn (from China).
In two days NULS rose as high as 800% in popular foreign communities, in the end what happened? Let's discuss the vorrect understanding of NULS.
On November 8, Binance posted online NULS. As the law of breaking 99% of Singaporean currency on the spot on Ann Arbor, the currency circle was so hot that it pulled from one to eight in two days. The turnover went up from a few One hundred thousand (speculators) to 100 million enlarged, and then as of November 13, stabilized to about 4, the daily turnover of more than 10 million yuan. And TG group a few days, foreigners have entered 1000. Many coins ring old and new people are encircled, in the end what happened.
The introduction of the NULS in the currency security is like this:
Nuls is a highly customizable blockchain infrastructure and is a global open source community project for blockchain. Nuls consists of microkernels and functional modules to weaken the new thinking of the main chain, to achieve a highly modular underlying architecture through the stripping of events and services, and to provide operating mechanisms such as smart contracts, multi-link parallelism and cross-chain consensus to reduce development and The cost of use, and promote the blockchain business application process.
To know NULs , first of all, we must first know that in May this year, crowdfunding print chain (inchain, official website:
https://inchain.org) .
Official website printed chain self-introduction is this:
Inchain is a public chain project located on the bottom platform of the business application of blockchain. It is the first professional commercial application of blockchain ecosystem. From the underlying architecture authentication management hierarchy, Inchain signs double signcryption registration binding management, which, along with a high-level arbitration system developed by management Intermediaries and Printing Chain, meets the decentralized commercial-level regulatory requirements of the decentralized network.
Inchain's original intention was to use blockchain technology to crack down on counterfeit products and to provide brands with the most credible technologies available so as to protect their brand image. To this end, anti-counterfeiting traceability will be the first application of Inchain. The Inchain team will devote itself to building a comprehensive self-service application based on anti-counterfeiting traceability. This application will accumulate a large amount of merchant and user resources for Inchain to form a traffic center.
In simple terms, a printing chain is the underlying public chain of a blockchain business application, similar to NEO / EOS, and anti-counterfeiting is just the first application. Because of the team's practical style, projects and commercialization have always been in sync. And so far, already in the commercialization of development, there are already more than a dozen companies, such as Elephant Alliance (Beijing) Science and Technology Co., Ltd., which has been engaged in strategic cooperation, (Elephant Alliance is the core of "San Tong" And "Three Tongs" products were put forward by Premier Li Keqiang during his inspections of quality inspection in 2014. It means that exporting enterprises produce export and domestically manufactured products on the same production line according to the same standards so that the supply of both domestic and international markets Products to achieve the same level of quality.And the chain (inchain) for the elephant alliance and the major manufacturers, e-commerce platform, terminal retailers to provide anti-counterfeiting traceability as the core of the blockchain Internet of Things integrated services)
It also means that there will be more and more inchain technologies that will be used by the development of the elephant union in the future (hundreds of enterprises have been negotiated in the future) even if the printing companies do not develop their own markets.............