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What is Nuls? Most Comprehensive Guide

What is Nuls?

If we briefly summarize Nuls; we can say that it is a project that provides customizable, Blockchain infrastructure for people or organizations to create their own Blockchain networks. 

Basically;

Nuls is an open source, community-oriented, publicly-accessible block platform.

In its intelligent contracts, the multi-chain system is a modular architecture with different modules, including, but not limited to, inter-chain consensus. These modules can work with special block chains and are a customizable network structure to suit different industrial targets.

What are the benefits of Nuls?

Nuls' Technology:

The Nuls platform is divided into two parts: micro core and functional modules. The microkernel functions as the basis for the entire network, while the functional modules provide a customizable modular infrastructure. Nuls seeks to fill the public and private blocks and the blockblade gaps that the public needs, allowing users to create and change their wearable sub-chains according to their needs.

The platform is designed with simplicity in mind. Developers will be able to use the main chain with several customizable modules. This will allow developers to choose their own rules for module customization and to create projects according to their skills.

Credit Proof Consensus Mechanism: The Nuls block chain uses a Credit Proof (PoC) protocol designed by the Nuls development team. Credit Proof works similarly to PoS; this means that users must lock the NULS tokens to make it available to NULS mining.

NULS Smart Contract: Nuls integrated a virtual machine called NULSVM into a block chain. The virtual machine is located between the internal infrastructure modules and the external service modules. Nuls intelligent contracts are implemented by various high level applications and are calculated by NULSVM. Smart contracts are designed to be adapted to different programming languages, allowing developers to develop a program in the desired languages.

NULS:

Technological Properties of Nuls Blockchain

Lower Chain Consensus: Nuls acts as a base structure for all sub-chains built on it. It provides all the necessary tools as modules for the developers to personalize their sub-chains with their consensus rules and tokens.

Modular Architecture: Nuls is designed to easily adapt to continuous developments in blockchain technology. Because of its modular structure, it integrates the Linux kernel that provides the required flexibility to the blockchain. This will allow easy implementation of all current block chain improvements.

Module Manager: Nuls module manager facilitates actions by communicating between all modules. Responsible for managing, installing and unloading modules as required by the block chain.

Multi-Chain System: Nuls verifies the various blocks in the block chain using the cross-chain consensus because of the ability of Nuls to move between the main chain and the sub-chains.

Nuls Block Chains

What is the difference between NULS and other crypto currencies?

NULS is an important part of its infrastructure, as opposed to most crypto currencies that serve only as an intermediary for peer-to-peer transactions. NULS Used to collect the funds required for the platform and allow users to join the network.

NULS uses its own consensus mechanism called Credit Evidence designed by the development team.

The platform has a modular structure that facilitates the development of more than one sub-chain, each according to its own rules.

Should we invest in NULS?

So far, the development team has succeeded in completing the targets set in the road maps on time. Currently, NULS is going through its first phase in a three-stage development process. Recently, in July 2018, NULS released its main network and desktop wallet. Now she is looking forward to launching her official wallet on other platforms. As we always say, investing is a risk and you should not risk more than you can.

You can download Whitepaper here and learn all the details of the NULS system and how it works. 

whitepaper

 

NULS Team

 

Liesa Huang

Chief Executive Officer

Issac Kim

COO

 

Niels Wang

Director of Media and Communications

 

Reaper Ran

Community Management Director, Co-Founder

 

 

 

Details of Coin:

Symbol: NULS
Total Coin: 40.000.000
Market Value: $ 33,821,234

 

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Warning: This article is not a sponsored post.

Disclaimer: This article is written for informational purposes only and is not an investment recommendation. 

 

Shelter: coingecko, coinswitch, nuls.io

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ICO Reviews

What is ANKR? Detailed Review

ANKR Nedir? Detaylı İnceleme

What is ANKR?

ANKR is a distributed computer platform that aims to exploit computing resources that operate in data centers and devices. To make an economic model that ANKR provides, where businesses and consumers can make money from their devices, in-house servers, private boules and even from the general cloud. This allows ANKR to provide users with a higher digging power at a much cheaper price.

Status of the project?

 

Technological Properties of ANKR's Blockchain Network

ANKR's technological features include:

  • Proof of useful work (PoUW) consensus, resource-based mining program based on the protocol.
  • The oracle service that provides seamless interface that connects existing Internet solutions and real-world data to assets in the chain.
  • Distributed Cloud Computing (DCC) platform.
  • Having side chains and multi-chain structure.
ANKR Proof of Useful Work Sistemi

ANKR Proof of Useful Work System

Proof of useful workInstead of spending unnecessary extra electricity and digging on mixed chains like Bitcoin, the PoUW consensus provides a self-sustaining blockchain cycle. In addition, PoUW enables the creation of business tasks provided by businesses and consumers using it, and allows the use of the right resources in the most useful way.

ANKR has a system that uses all global computing resources. The miner will be able to mining not only his token but also our CPU. In other words, miners will get more profit from mining, while those who rent CPUs will be able to make as much profit.

SGX (Software Guard Extensions): Protocol runs on SGX-enabled CPUs with remote acknowledgment to ensure security and privacy. The new PoUW model makes it possible to utilize worldwide idle power with a great potential if sufficient incentives are provided: In this diagram, each user can obtain coins by the system as far as they are used, and some may even receive extra rewards to produce blocks. In the future, this mining scheme can also benefit from Universal Basic Income (UBI).

Oracle Service: The integrated Oracle service provides a validated data source that leverages both cryptographic data and a trusted execution environment (TEE). Thanks to a standard API and port data from existing Web sites, the Oracle service makes real-world businesses even more accessible, making mining operations even easier for the ANKR infrastructure.

ANKR Döngüsü

ANKR Cycle

Distributed Cloud Computing (DCC) Platform: DCC platform allows to create processing power among users as a peer-to-peer model. PoUW consensus mechanism for miners, eg machine learning, artificial intelligence etc. will be able to use the resources of the blank computer to secure the network. With the DCC platform, miners can also create an extra supply space. Individuals / companies that need extra computing resources will form the demand side of the DCC. DCC reduces the number of obstacles to access to cloud computing as compared to current cloud computing services and increases protection.

Multi-Chain Construction: Allows different applications to make their own smart contracts on connected side chains, preventing overloading of the main chain based on the PoUW. The main chain will provide a locally authenticated data transmission service for the rapid transmission of non-chain data to each subchain. The current business world helps to create decentralized autonomous practices in the sub-chain with strong computing power and local data submission service provided by the main chain.

ANKR Ana Zincir Ve Alt Zincir Kavramı

ANKR Main Chain And Lower Chain Concept

ANKR Team

Co-founder & CEO at ANKR

Chandler Song

Co-founder & CEO

Stanley Wu is CEO Co-founder & CTO at ANKR

Stanley Wu

Co-founder & CTO

 

Ryan Fang Co-founder & COO at ANKR

Ryan Fang

Co-founder & COO

 

David P. Anderson is Technical Advisor at ANKR

David P. Anderson

Technical Advisor

 

Road map

ANKR Yol Haritası

ANKR Road Map

Benefits of ANKR Project

  • The project is trying to tackle the huge challenges faced by the blockchain, such as the consensus protocol (PoUW), reliable hardware, data flow (Oracle), distributed computing, and side-chain structure. If successful, it can become an important project.
  • PoUW can create a new infrastructure and modeling that can reveal the potential of a large amount of scraping power and transform it into productive tools.
  • The ANKR Project has received strong support from respected institutional investors, and this is one of the factors that increase trust in the project.

Concerns about ANKR Project

  • The project needs a large number of suppliers and a distributed computing provider to create a strong network impact. However, no partnership / market strategy was announced to ensure the adoption of the platform.
  • The roadmap doesn't go beyond July 2018, which makes it difficult to predict the team's planning for the project, which may undermine confidence.
  • Some key members of the team, including the CEO and the COO, are new to college and have limited working experience.

Summary of ANKR Project

Thanks to its goals and infrastructure, ANKR is a promising project on the market side. While most of the fixed income is provided by the funds and the unions are not allowed, at the same time, the ANKR is a very ambitious project that is trying to solve many problems at the same time, although there is not much demand that has been met after the trade of tokens. Given the initial phase of the project on both the technical and business development side, we have an unbiased view of the long-term feasibility of the project. However, if the team can successfully overcome the project, it is a project that cannot be underestimated and profitable.

whitepaper

 

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

 

Warning: This article is not a sponsored post.

Disclaimer: This article is written for informational purposes only and is not an investment recommendation. 

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