NULS Research Hub | NULS information, history and analysis
Blockchain NULS is a global open-source blockchain project that allows users to build their own blockchain on NULS platform. NULS was built and developed by Nuls Community Foundation Pte.Ltd headquartered in Singapore in 2017. The purpose of NULS is to break down the technical barriers of blockchain, reduce development costs and to promote the use of blockchain technology in the commercial field.
NULS is a global blockchain open-source project which is a highly customizable modular blockchain infrastructure. By using functional mechanisms of implementing smart contracts in the cross-chain consensus, NULS is capable of reducing the cost of generating and deploying decentralized applications and at the same time making it easy for the developers to customize the Dapps for different business applications.
NULS token (NULS) is a utility token of the NULS ecosystem, operating on Ethereum platform according to ERC20 standard and can be used for the following purposes:
- Pay transaction fees, chain-building fees and cross-chain fees
- Reward miners to ensure the transaction confirmation, speed and security of the network is stable.
On August 25, NULS officially launched the NULS Ecosystem Ignition Initiative, a strategic initiative that allows users to fund the development of each project by purchasing NULS tokens from the market.
The announcement of the Ecosystem Ignition Initiative has been a catalyst for the surge in NULS price. In the past 24 hours, NULS has risen 20.49%, with trading volume hitting $11.82 million.
NULS is partnering with veriTAG and SmartMesh
NULS announced a new partnership with verTAG, SmartMesh for stablecoin, cross-chain, and game development initiatives that advance towards building a truly borderless Web3 metaverse.