NULS (NULS) is a decentralized platform that allows users to employ advanced technologies and develop that market-leading product with the help of blockchain. According to its whitepaper, NULS aims to provide fluid, cost-effective, time-saving solutions for developers even with minimum blockchain experience.
NULS offers a new blockchain that solves the needs of a wide range of businesses and easily handles development improvements without threatening the underlying protocol. NULS is a blockchain with a modular-based architecture enabling customizable modules and cross-chain interactions. The platform has a two-part architectural design, namely micro-service and functional modules. NULS also adopts the pluggable principle that allows to add or remove modules during operation.
The NULS platform offers a business model that bridges the gap of trust in using the technology and allows users to customize their side-chain to fit the requirements. The platform abstracts the developers from working on complex concepts such as cryptography, consensus mechanisms, and storage methods. Hence, developers remain focused on their skillset. Furthermore, NULS aims to be an eco-friendly technology, time-tested 3rd gen blockchain, and cost saver.
NULS is the native token of the NULS platform. The users can use NULS tokens to set up nodes, create tokens, vote, and stake. Also, users can engage in staking. NULS into one of the many projects on the NULS SCO platform or stake to earn more NULS through cross-chain technology. The SCO platform allows NULS based projects to issue and distribute tokens safely to NULS holders using smart-contract blockchains. Every NULS holder can participate in the community governance where community members decide the platform's development.
