NULS

NULS is in the phase of development and optimization of new functions following the launch of the mainnet. The project launched the mainnet NULS1.0 on July 2018. Currently, NULS2.0 is under debugging. The first draft was completed on the NIP proposal standard for project governance. The project roadmap is relatively vague and lacks time points that can actually be tested. The current state of the progress is still far from the modular and customized development platform stated in the project promotion.

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.

Nuls is a platform that can be used by enterprises to develop their own bespoke blockchains. This will help bring down the costs of blockchain development for those companies that desire their own blockchain solutions. The simple development environment on the Nuls blockchain reduces the potential learning curve for these enterprises. Technologically, the Nuls blockchain is highly modular and will also feature sub-chain operability. Nuls will also include cross-chain consensus, a multi-chain mechanism and smart contract support. This will give developers a strong environment to build off of while allowing the users to customize the chain to fit their own needs. Nuls uses a unique consensus mechanism called "Proof-of-Credit" (PoC). Like other elements in the Nuls ecosystem, the PoC mechanism is itself modular. PoC works in a similar fashion to Proof-of-Stake where users will have to lock up a certain amount of NULS in order to run a network node. Nuls is a project that is based in Singapore and is run by a team that has extensive experience in blockchain technology. They also have investments from large partners including Bitmain Technologies. Nuls did not complete an ICO and chose to rather release the tokens to the community in an airdrop. 40% of the total supply of NULS (ERC20) were sent via an airdrop. 20% of the initial supply was then kept back to be used for development costs. These reserve tokens will be released to the team at a rate of 5% per month. There was 20% given for business co-operation and a further 20% for community funding. NULS tokens hit the exchanges not long after the airdrop. They have been less volatile than a number of other altcoins with similar rankings. There appears to be healthy liquidity for the token and they are listed on a number of exchanges.