NULS is a global blockchain open-source project which is a highly customizable modular blockchain infrastructure; it consists of a microkernel and functional modules. NULS provides smart contract, multi-chain mechanism and cross-chain consensus. It aims to break the technical barriers of blockchain, to reduce the cost of development, and to promote the usage of blockchain technology in the commercial field.
So we can say it is complete heaven for programator's or even just for people who have some good idea but they need some platform to build it with. If you want build blockchain with PoW, Nuls platform can deliver. PoS, hybrid network, cros - chain, subchain all what you can imagine they can do it. It is highly customizable universal public blockchain infrastructure. Building a customizable infrastructure, our goal is to be helping enterprises improve credibility by deploying their own decentralized applications in the blockchain.
The learning curve for developing on NULS is reduced by hiding some of the
complexity from the developer. The goal of the platform is to improve development
time by offering a simple programmable environment that caters to the less
experienced developer while facilitating extendibility for the more experienced
individual.
The application layer is where the developer can take advantage of the infrastructural
support that has been designed as a part of the platform. The developer can easily
perform basic tasks and make use of the modular parts such as the multi-chain
system and smart contracts.
NULS understands the importance of performance and the limitations of current
Blockchains and is committed to solving these for widespread adoption. Using
parallel expansion technology through the multi-chain system, millions of transactions
per second can be processed through the main-chain and sub-chains.
For organizations and businesses, data confidentiality and security are of utmost
importance. The open-source and transparent nature of Blockchain generally makes
them hesitant to use this new technology. Although NULS is open-source, it protects
the confidentiality of the data in sub-chains through data isolation and cross-chain
auditing. This balance between transparency and confidentiality of data is why NULS
will appeal to commercial businesses despite it being open-source.
The modular architectural design of NULS supports the insertion of new functional
modules as well as the replacement of the core functional modules in the consensus
mechanism. The user can set the rules for their sub-chain and customize them to
their needs. The main-chain will use the Proof of Credit (POC) protocol that is the first of its kind
designed by the NULS team. It works like Proof of Stake where a certain number of
tokens will need to be locked before the user can run a node on the network. This
exact amount has yet to be decided and the community will vote on it. When a user
wants to stop running a node, they can immediately unlock their tokens.
When a user generates a block during a internet disconnection, computer crash or
when experiencing network issues, this will not be considered as a violation the
networks rules. However, because this will affect the entire system, a warning will be
given with the coins frozen for a period (e.g. 72 hours) and the credit ratio
downgraded.
In the case of hostile attacks, double spend attacks, attempts at forking the system or
deliberately trying to attack the system, the NULS network will be able to detect and
protect from vulnerabilities and exploits. Any hostile nodes will have their coins frozen
for a longer period (e.g. 1 month) and their credit ratio will be downgraded again
meaning they are no longer able to meet the minimum amount to participate in the
network.
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