What is 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.