NULS is a microservices-driven blockchain project that uses the Proof of Credit (PoC) consensus mechanism (dPoS plus credit rating) to mine via staking. The NULS modular design features NULSTAR, a microservices-based framework reportedly enabling enterprise-grade blockchain solutions for smart contracts, private chains, public chains, dApps and NRC-20 tokenization. NULS 1.0 mainnet launched in July, 2018. The main product of NULS is Chain Factory, a chain-building tool that allows businesses to utilize the plug-and-play selection of modules from the NULS Module Repository including cross-chain consensus for asset value circulation within the NULS ecosystem.
What Is NULS?
NULS is a modular blockchain that implements a proof of credit (POC) consensus protocol. The team behind it is on a mission to provide enterprise-level blockchain infrastructure with a focus on pluggability and customization. They plan to do so through customizable modules that include smart contracts, subchains, and cross-chain consensus, among other things. Let’s dig in.
How Does NULS Work?
The NULS design consists of two functional parts:
- The microkernel is the foundation of the network. It renders the project’s underlying mechanisms.
- The functional modules are the plug-and-play compartments of the blockchain. They have low coupling among each other, so you can swap them in and out as you see fit.
How do I buy cryptocurrency?
While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoin or another cryptocurrency.
To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereum.
Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies.