Nuls icon Nuls (NULS)
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add active $0.28  on  Sep 30, 2020 

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Overview of Nuls

Basically, Nuls provides a cross-chain consensus, smart contract and multi-chain mechanism which aim to break the barriers of blockchains making the network more flexible and appealing. Additionally, Nuls is related to InChain, an anti-counterfeit platform which the owners of the chain are affiliated to.

The main objective of this platform is to build a customizable blockchain infrastructure, help improve business creditability because they would easily “plug N’ Play” private blockchain on their mainnet without having to worry about cost of maintenance. To make this a reality, Nuls did adopt Proof of Credit (PoC) as their consensus algorithm meaning the network is more stable without compromising on integrity, reliability and assurance.

For on-chain transactions, Nuls make use of NULS coins which are ERC-20 compliant and would be required by developers wishing to execute their smart contracts or run dApps on the platform. These coins cannot be mined.