Nuls is blockchain platform that aims to revolutionize the world of business and enterprise by incorporating the revolutionary blockchain technology. The prospects offered by this technology are innumerable and Nuls wants to make its access easier for the enterprise and business arena. The platform boasts a modular framework that it offers to its users. It employs a modified version of the Proof-of-Stake (PoS) algorithm termed as Proof-of-Credit (PoC) at its core and makes sure that all the bad and malfunctioning nodes are kept away from the network.
So how does its modular structure help solve the problems? And what criteria decide which nodes will stay in the network and which will not? In order to get an answer to these questions, BlockPublisher got in touch with Moshe Malawach, who is the lead community developer at Nuls. Previously, Moshe has made great contributions to the platform in the form of its Block Explorer and the light wallet.
Talking about how modularity makes this platform different from others in terms of problem-solving, Moshe stated:
“The idea is to have a lot of pre-made modules in a store from which companies/projects can choose to make their own side-chain. If they need a feature that isn’t already done, they can create their own module for it. It removed the need to create a new blockchain from scratch and maintain it if you want a specific feature for your needs, plus you get a whole empty blockchain for your project, with the following benefits:
– No more noisy neighbors like crypto kitties for example.
– The chain is secured by the Nuls ecosystem (even for private chains).
There is also another benefit to the modularity: future-proofing. If we need to add new features in the future, or rethink completely the architecture of NULS, the modularity of the system will allow it (NULS 2.0 will be a good example).”
Further talking about the criteria which decide the retention of the nodes in the network, Moshe stated:
“The stability and performance of a node are two critical points. They need to mint the new blocks in time (current block time on main chain is 10 seconds) or they get a yellow card. They also need to be honest (they shouldn’t be caught trying to game the system, including fake transactions…). If they get too much yellow card[s], or try to break the consensus, they get a red card, the node is closed and the node owner funds get frozen for a few months.”
All in all, the feature of providing the companies with the opportunity to make their own side chains makes Nuls stand out among the rest of other such projects. Scalability is also handled quite nicely as all the burden of the transactions is not born by the main chain. Nuls also makes sure only those nodes stay in the network which are healthy and trustworthy, maintaining an overall secure ecosystem. It is one project to keep an eye out on as we move into the future.