Whitepaper

 

What is NULS?

• A global blockchain open-source project which is a highly customizable modular blockchain infrastructure; it consists of microkernel and functional modules

• Provides smart contracts, multi-chain mechanism, and cross-chain consensus

• User’s will be free to choose the rules of consensus, storage, smart contracts, arbitration, account systems, anonymity policy as well as other permissions to designate to their sub-chain

 

Mission

• Mission is to build a customizable universally public blockchain infrastructure

• Ease of use

  • Easy to use by any developer level

• Adaptable to numerous application scenarios

• High Performance

  • Millions of transactions per second can be processed through the main-chain and sub-chains

• Balance in transparency and confidentiality of Data

 

Economic Model

• Tokens used to support NULS based applications, pay for application costs, perform exchange for sub-chain digital assets, support NULS development, reward miners and pay transaction fees

• 1 billion tokens

 

Sub-chain operation

• Token used on the main-chain is NULS and all sub-chains will be able to support their own basic token

• If a sub-chain chooses to issue smart assets, a certain amount of NULS will need to be paid

• The more quality projects, the more valuable NULS is

 

Technical Design

• Consensus mechanism – proof of credit

  • Works like proof of stake, but if a user wants to stop running a node they can get their tokens back

• Yellow card alert

  • If a computer failure the coins will be frozen and warning will be sent out

• Red card alert

  • If a major attack NULS will see it and freeze the coins

 

Credit Rating

• Used to determine a user’s integrity and trustworthiness in the network

 

Roadmap

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Team

 

• Jason Zhang – Founder & Lead Developer

  • He has over 7 years of experience in the programming field

  • Has 6 years' experience in the banking security sector and has designed security systems for dozens of Banks in China

  • Has worked for KeYou which is partnered with most of the Chinese Banks having over 200+ employees

  • Was in charge of the Treasury Payments Security, Smart Card (EMV) Security, Mobile Banking Device Security and contributed in PC Banking Security

  • He has also worked on Cross-border payments in which 17 banks in China participated in developing

• Lily Wang – Co-founder & COO

  • Working for Chongqing TV & Science Educational Channel and also Weijingtong which provides the Chinese community with daily news

• Reaper Ran – Co-founder & Community Leader

  • Working and building in various community's such as BitShares community in which he was well known in the community and was on the NEO community board

• Niels Wang – Core Developer

  • Has participated in the Electronic Commerce Platform, Vehicle Networking Platform, Internet Of Things Cloud Platform, Intelligent Environmental Protection industry solutions and other large architectural projects

• Vivi Zhou – Core Developer

  • Developed accounts systems for the well-known Consumer Finance Company MaShang Consumer Finance Co., Ltd

• Davi Yang – Core Developer

  • Davi has 9 years of programming experience

  • Attained both PADI Advanced Open Water and PADI Enriched Air Certification

 

Partners & Backers

 

• Devery

• Bitshares

• Elephant Alliance

 

Articles

 

https://www.reddit.com/r/nulsservice/comments/7spnob/nuls_vs_other_coins_comparison/

 

http://www.ibtimes.com/nuls-price-hovers-460-could-it-be-ethereum-killer-2645545?amp=1

 

https://medium.com/@Crypto_DNA/nuls-the-future-interoperability-analysis-32e56e1eb35b

 

https://medium.com/devery-io/nuls-and-devery-sign-a-strategic-partnership-in-february-2018-a88243c354a2

 

Videos

 

https://www.youtube.com/watch?v=ugBT3WmGWBw

 

https://www.youtube.com/watch?v=txTFVYD-wKU

 

https://www.youtube.com/watch?v=6vZ7874X21k&feature=share

 

https://youtu.be/jeYCSQLKh3Q

 

https://youtu.be/6HFlSouHlbo

 

https://www.youtube.com/watch?v=WMvuQ1-x154

 

CoinCheckUp

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Conclusion

NULS is a blockchain just like EOS or ADA but trying to make it easier for any level developer to use. Since EOS and ADA or specific on what kind of application you need to work on, it limits how many developers can actually use it. NULS wants to be a project where anybody at any skill level can build through a side-chain on the main chain platform. Meaning that they will use open-source code from NULS to build on that layer but can virtually create any sort of blockchain that they want. NULS itself can do 2000 Tx/s but the sidechains are capable of doing a lot more up to millions, only if the other company knows how to do it. Some problems I have with this company is its not as established as some other major projects, they don’t have a full amazing team, and don’t have many great partnerships. Plus if any developer can build off of it, I think we will see a lot of bad projects being built, unlike NEO and EOS where we will see mostly good projects built by good developers. Long term they have not proven to me as a top 25 project, they have a good idea, but I will rate this at a C+ because I need to see more from this company then what they have shown us. If they can announce major partnerships, or launch their mainnet and get some good projects to build on it, then maybe we can see it being successful. But they do not have a Dan Larmier or Charles Hoskinson on their team, nothing about their team strikes me to be all fantastic, but for now it’s a waiting game.