NULS (NULS) news

What is NULS?

NULS is a platform that enables users to utilize cutting-edge technologies and create top-notch products using blockchain. Their goal, as stated in their whitepaper, is to offer developers with little blockchain experience seamless, affordable, and time-saving solutions.

How does NULS Work?

NULS is a blockchain platform that caters to the needs of various businesses. It offers a modular-based architecture that allows for customizable modules and cross-chain interactions. The platform has two parts, namely micro-service and functional modules, and follows the pluggable principle that enables adding or removing modules during operation.

NULS also provides a business model that bridges the trust gap in using the technology and allows users to customize their side-chain to fit their requirements. The platform abstracts developers from complex concepts such as cryptography, consensus mechanisms, and storage methods, allowing them to focus on their skillset. Additionally, NULS aims to be an eco-friendly technology, a time-tested 3rd gen blockchain, and a cost saver.

What is the NULS Token?

NULS tokens are the native currency of the NULS platform. With NULS tokens, users can set up nodes, create tokens, vote, and stake. Additionally, users can engage in staking NULS into one of the many projects on the NULS SCO platform or stake to earn more NULS through cross-chain technology. The SCO platform enables NULS-based projects to issue and distribute tokens safely to NULS holders using smart-contract blockchains. Moreover, every NULS holder can participate in the community governance where community members decide the platform's development.