Is NULS (NULS) worth your attention?

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Is NULS (NULS) worth your attention?

 Is NULS (NULS) worth your attention?
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Highlights 

  • NULS (NULS) is a microservices-driven blockchain project that provides enterprises with a platform for creating and deploying their decentralised applications (DApps) to solve issues.
  • Using the Proof of Credit (PoC) consensus mechanism allows users to lock a certain number of tokens to run a network node. 
  • According to CoinMarketCap, the NULS was trading at US $1.20 with a trading volume of US $1,370,281,017 in the last 24 hours.

NULS (NULS) is a microservices-driven blockchain project that provides enterprises with a platform for creating and deploying their decentralised applications (DApps) to solve issues. NULS provides users with an enterprise-level blockchain infrastructure, and it focuses on pluggability and customisation to include smart contracts, cross-chain consensus etc.

The idea was to have a blockchain system that would reduce the burden on the main chain by creating multiple side chains to decouple the events and services on the blockchain.

Using the Proof of Credit (PoC) consensus mechanism, it allows users to lock a certain number of tokens to run a network node. The project uses master nodes, which the network calculates as a credit coefficient for each node and determines its consensus reward.

Is NULS (NULS) worth your attention?

On Friday, NULS gained investor interest mainly due to its massive volume gain of 12,678% after it was announced that NULS is building DeFi solutions, which could be a gamechanger for crypto. 

Also read: GSX crypto: Why is it grabbing attention?

How does NULS work? 

NULS is powered by the Ethereum, Binance Smart Chain, HECO and OKExChain networks. The NULS design operates at two levels – microkernel and plug-and-play. 

The microkernel forms the foundation of the network and renders the underlying project mechanism. The functional module comprises the plug-and-play system, which has low coupling, and the users can easily swap as per their convenience. To ensure the cross-chain verification is correct, the NULS ensures each sub chain has a separate set of nodes. The nodes that take part need to load modules that work across both chains. 

Also read: Will BICO’s massive volume gain attract investors?

Investing in NULS

NULS is ranked 458 on CoinMarketCap. According to CoinMarketCap, the NULS was trading at US $1.20 with a trading volume of US $1,370,281,017 in the last 24 hours. At the time of writing, NULS was witnessing a significant rally and was up by 139%, with a live market cap of $119,828,655 and a circulating supply of 99,620,739 NULS coins. 

Experts predict that NULS can be a profitable investment option. They believe that it has enough market interest, and with the positive wave in favour and the DeFi update coming up, NULS investors can expect its price to go up to US$150 by 2026. Having said that, experts have also warned the investors to wait and watch the trend before making any decisions. 

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