Dear ATOMARS Community,
We are pleased to announce the listing of Nuls (NULS) on Atomars exchange. Nuls (NULS) deposits are effective starting from November 9, 2019 and the following trading pairs will be available: NULS/BTC, NULS/ETH and NULS/USDT.
NULS PROJECT SUMMARY
Nuls is a community-driven, open-source blockchain platform with an architecture based on different modules, such as multichain systems, smart contracts and cross-chain consensus. These modules run with private blockchains and are customized for different goals. The aim of the Nuls blockchain is to provide business entities with a platform that can be used to create and deploy centralized applications that solve real life problems.
Most blockchains use smart contracts, but they are faced with issues regarding costs of deployment for decentralized applications as well as the fact that some of them don’t fit well in the business world. Nuls provides a way to reduce the load on the main chain by introducing side chains that can decouple events and services on the blockchain.
Nuls provides mechanisms for implementing smart contracts in cross-chain consensus, thereby reducing the costs of generating and deploying decentralized applications, while at the same time making it easy for developers to customize dApps for business applications.
Singaporean NULS Foundation Pte. Ltd.--which was formed in 2017 by co-founders Lin Yang and Lily Wang--manages the project.
Nuls (NULS) FEATURES
Flexibility: The Nuls blockchain network is very flexible. The blockchain infrastructure can be easily customized and modularized. A developer can, based on the work he/she has to do quickly, plug and replace in-built modules with more appropriate modules. The built-in modules include networking, storage, consensus, and algorithmic tools, which are customizable and easily replaced as a developer’s project needs change.
Open Source: Developers can create custom decentralized blockchains using the freely accessible and editable blockchain code. One of the Nuls objectives is to ensure the smart contracts support as many programming languages as possible. Along with this, the developers have several options for creating their own decentralized applications.
Easily updated: Since the blockchain modules can be easily customized, developers can replace or change modules to suit their implementation. This feature is fundamental considering that the technology is still evolving. With further progress, developers can tweak modules to tackle the changing problems they face.
Smart contracts: The Nuls blockchain is an ERC-20 Token based on Ethereum’s smart contract technology. Thanks to these smart contracts the blockchain can be easily programmed, enabling developers/users to outline the developmental logistics of any business model for decentralized applications with negligible programming knowledge. The smart contract executes based on a set of rules contained within and only need the developer to give an outline of the logic the contract should follow in executing tasks.
Multiple chain consensus: One of Nuls’ main features is its multiple side chains linked to the main chain. The blockchain consequently uses a cross-chain consensus mechanism called proof-of credit which enables all the chains to communicate effectively with one another.