NULS is a microservices-based blockchain project that mines by staking using the Proof of Credit (PoC) consensus mechanism (dPoS plus credit rating). NULSTAR, a microservices-based architecture, is apparently used in the NULS modular design to provide enterprise-grade blockchain solutions for smart contracts, private chains, public chains, dApps, and NRC-20 tokenization. The mainnet for NULS 1.0 was deployed in July of 2018. NULS's principal product is Chain Factory, a chain-building tool that enables enterprises to use the NULS Module Repository's plug-and-play selection of modules, including cross-chain consensus for asset value circulation inside the NULS ecosystem.
“NULS has always supported a multichain vision for blockchain,” said Reaper Ran, NULS founder. “Our interoperable infrastructure will enhance the entire blockchain ecosystem and present greater opportunities for developers, investors, etc. Right now, all attention is on the value of DeFi. Ethereum is shouldering most of the DeFi applications, but the overall value of the ecosystem is still small relative to the centralized financial world. By expanding DeFi into blockchains like NULS, we hope to enhance this value and accelerate the decentralization of traditional finance.”
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