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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://medium.com/@edieusdiaradan/3-things-you-need-to-know-about-nuls-1-modular-blockchain-1b79e3473754",
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      "body": "Disclaimer: I am not a financial advisor. Please do your own due diligence when it comes to crypto-investing. Never put in money that you cannot afford to lose. Cryptocurrency markets are extremely volatile. Invest at your own risk.\n\nModular Blockchain : Key to Mass Adoption\nBlockchain is a revolutionary technological solution which has recently gained some publicity on how it can counter some modern world problems. Modern world problems such as double-spending are eliminated by cryptographic mechanism that eliminates the need of a trusted third party for validation.\n\nWe’ve seen a plethora of blockchain platforms providing services to other blockchain start-up. However, these companies are already blockchain-ready as it is part of their business model. For example, the decentralised apps (dapp) running on Ethereum network, create their own set of cryptocurrency (ERC20 tokens). Programmers are employed specifically for their familiarity with the blockchain technology. Recently, we've seen how Ethereum network was clogged up by cartoon cats. This sheds some light about how the blockchain architecture can be improved. Decoupling a dapp from the main blockchain and letting it run on a private sidechain would be very appealing. This what Nuls is aiming to strive. The challenge for Nuls will then be : How can Nuls ensure that sidechain will have speed and scalability? The answer perhaps lies within Nuls blockchain architecture. The upcoming Yellow Paper which is due to release soon could provide an answer.\n\nThere exist another open-sourced Modular Blockchain Platform : Komodo. Komodo is currently sitting on a USD$1 Billion market capitalisation. How about Nuls's market capitalisation? Just 10% of Komodo's.\n\nSo what makes Nuls very attractive? The ergonomically-functional blockchain architecture will make it accessible to those with minimal knowledge of blockchain. This is the golden key to mass adoption.\n\nAs previously mentioned, Nuls was born right after the team had worked on Inchain . This could be the catalyst of Nuls development when the team were made aware of the current problems and woes revolving around blockchain adoption faced by Inchain project partners.\n\nThe two main problems identified were:\n\nLack of trained blockchain personnel\nA private chain running privately (centralisation)\nAs blockchain is a new technology, there could be a premium pegged to skilled programmers. The cost of hiring someone proficient might not be justifiable for an existing business as they might already have their own in-house programmers.\n\nA private blockchain would just be a centralised blockchain, vulnerable to attacks and security lapses, leading to a compromise in data integrity. It would be the same as not having it in the first place.\n\nHow about those companies or individuals that knows nothing ( just like Jon Snow) about blockchain and wants to use them?\n\nWe cannot simply ignore established companies of yesteryears. These traditional companies and businesses will still exist even without blockchain. However, by tapping into the potential of blockchain technology, they will be able to improve their own business model. This translates to business efficiency and profit maximisation.\n\nAn analogy of a modular blockchain would be a “Lego” which simply is a 'plug and play' model. Many have analogise Nuls as a 'Wordpress' type blockchain platform. This model allows companies to customise and tailor their sidechains depending on their needs. In addition, Nuls is simplifying the programming of blockchain depending on the programmer's proficiency. A basic suite will be provided for developing but a full suite of tools will be offered to the highly experienced programmers. The Nuls platform aims to minimise development time by ensuring simplicity and focusing on functionality. Simple Translation : Business-Ready\n\nWouldn't it be contradicting to have an open source project run a blockchain for a private company?\n\nThe modular nature of Nuls allows business blockchain to be isolated from data breach and protected by cross-chain audits. Confidentiality of the private chain will be enforced. Having a neutral node to run the blockchain ensures transparency in running the entire blockchain. The punishment system implemented by Proof of Credit will regulate compliance in the system.\n\nWhy would I want to run a node for Nuls especially for a private sidechain?\n\nIn other to maintain a sidechain, the sidechain owners are required to pay a set amount of Nuls which will be dynamically priced in relation to the current pricing. A reasonable pricing will make Nuls an attractive platform for companies and businesses to adopt. The amount of nuls required for sub-chain maintenance will be determined and voted on by the community in the future. As the number of quality projects working with Nuls increase, the value of Nuls will also increase.\n\nNonetheless, Nuls is poised for a great future in the global cryptocurrency market. As the world gets acquainted with the blockchain technology, Nuls is in position to make it easy for business, companies, institutions and corporations to adopt the technology.",
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      "body": "Disclaimer: I am not a financial advisor. Please do your own due diligence when it comes to crypto-investing. Never put in money that you cannot afford to lose. Cryptocurrency markets are extremely volatile. Invest at your own risk.\n\nIn less than two months of operations, Nuls has once again proven its worth. The latest signing of a strategic partnership memorandum between Nuls and Bitshares highlighted the team's zealousness. This partnership probably isn't the first and definitely isn't the last they will have.\n\nGeorge Harrap, CEO of Bitspark, stated in his article that 2018 will be the year of decentralised exchanges (DEX). His article provides a good explanation as to why DEX will serve an important role in future, especially in the volatile cryptocurrency market. He listed a number of requirements for a DEX to be successful and not surprisingly, Bitshares had met most requirements.\n\nHopefully, the Nuls team will be able to divulge more information about the strategic partnership. The golden question now is : what kind of strategic partnership is it? I personally believe this isn't just a mere listing of Nuls on Bitshare's DEX (HelloBTS). This could be something way bigger.",
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      "author": "avecedii",
      "body": "Recently, Bitcoin has gained a great deal of media exposure due to its explosive 'to the moon' growth. Even my mom was asking if I had stashed some bitcoins. However, one label stood out among Bitcoin name-calling : Non Environmental Friendly. Due to the Proof of Work consensus, energy is required in running the ledger as seen with mining farms. In order to address such issue, another mechanism is introduced. Proof of Stake depends highly on the economic power (number of coins staked) of a validator. Nuls has provide another alternative concept which is similar to Proof of Stake while coupling it with the idea of a Masternode.\n\nIn Nuls consensus mechanism, there would be two roles actively working. Firstly, the agent owner will have to stake 20,000 Nuls in establishing a 200,000 Nuls pool (agent node). The remainder of the Nuls will be formed by the 2nd role in the consensus mechanism — premium staker. Each premium staker needs to stake at least 2000 Nuls to join into the Agent Node. Based on calculation, an agent node requires 1 agent owner (20,000 Nuls ) and at least 9 premium staker (180,000 Nuls). The maximum capacity of an Agent Node is 500,000 Nuls. Once 200,000 Nuls has been staked, the node will go live and is able to participate in the consensus meeting.\n\nBy having such a high requirement for the number of Nuls staked, this ensures commitment by individuals to stake their coins and preventing them from being wishy-washy about staking. What would interest people more would be the rewards for staking.\n\nAs Nuls consensus mechanism has a village-style leadership, the agent node who is the owner ( village leader) would receive more rewards from transaction fees and commissions based on the agreement of the pool. Standard rewards will be given to the Agent owner (village leader) and premium stakers (villagers). Although it seems that the Agent Node will receive a lot of rewards, one must remember that the Agent Node has to provide a server that runs 24/7. Premium stakers can simply forget about their staking as it will be delegated to the Agent Node to do all the work.\n\nWhat this means : I can forget about all the headaches in setting up a VPN or worried about my mom switching off my computer because there isn't anyone in the study room\n\nPutting the \"Cred\" in Proof of Credit: Credit refers to the stability, integrity and assurance of the node. Similar to Football (or what the Americans call ''soccer'), punishment will be meted out in terms of 'Red' and 'Yellow' card depending on the severity of the fault.\n\n\"Yellow\" cards will be meted out if the node misses in block creation due to events such as network outages, leading to the reduction of a credit ratio. This simply means less moolah. Whereas for \"Red\" cards, it will be issued to nodes causing forks or double spending. The staked coins will be frozen for a month on top of being blacklisted from joining the blockchain consensus.\n\nHowever, a stricter punishment can be enforced by having penalties in place. This penalty comes in the form of fines where the fault node will have its staked coins removed ( a certain percentage) and distributed as rewards to other healthy nodes. This capital punishment may seem harsh but would be integral to the safety of the blockchain. If no faults are created, there would be no punishment at all.\n\nPunishments are an important part of managing integrity in the blockchain. Establishing punishment ensures that all nodes comply within the regulations meted out to them. Strict compliance by the nodes will provide a healthy blockchain ecosystem. As Nuls mentioned on their website, they want to simplify 'trust' in the system.\n\nWhat Nuls has planned out in its consensus mechanism is something new and interesting. The Testnet on March 2018 would be an interesting period to experience the concept that Nuls had drawn up.\n\nAs Nuls is a community driven blockchain project,the numbers mentioned are tentative. Once the community has voted and come to a decision, it could be more or less than what is stated here. But, it would be the best figure that the community has agreed upon.",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://medium.com/@edieusdiaradan/proof-of-credit-a-novel-consensus-mechanism-by-nuls-7863373cb321",
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      "author": "avecedii",
      "body": "Recently, Bitcoin has gained a great deal of media exposure due to its explosive 'to the moon' growth. Even my mom was asking if I had stashed some bitcoins. However, one label stood out among Bitcoin name-calling : Non Environmental Friendly. Due to the Proof of Work consensus, energy is required in running the ledger as seen with mining farms. In order to address such issue, another mechanism is introduced. Proof of Stake depends highly on the economic power (number of coins staked) of a validator. Nuls has provide another alternative concept which is similar to Proof of Stake while coupling it with the idea of a Masternode.\n\nIn Nuls consensus mechanism, there would be two roles actively working. Firstly, the agent owner will have to stake 20,000 Nuls in establishing a 200,000 Nuls pool (agent node). The remainder of the Nuls will be formed by the 2nd role in the consensus mechanism — premium staker. Each premium staker needs to stake at least 2000 Nuls to join into the Agent Node. Based on calculation, an agent node requires 1 agent owner (20,000 Nuls ) and at least 9 premium staker (180,000 Nuls). The maximum capacity of an Agent Node is 500,000 Nuls. Once 200,000 Nuls has been staked, the node will go live and is able to participate in the consensus meeting.\n\nBy having such a high requirement for the number of Nuls staked, this ensures commitment by individuals to stake their coins and preventing them from being wishy-washy about staking. What would interest people more would be the rewards for staking.\n\nAs Nuls consensus mechanism has a village-style leadership, the agent node who is the owner ( village leader) would receive more rewards from transaction fees and commissions based on the agreement of the pool. Standard rewards will be given to the Agent owner (village leader) and premium stakers (villagers). Although it seems that the Agent Node will receive a lot of rewards, one must remember that the Agent Node has to provide a server that runs 24/7. Premium stakers can simply forget about their staking as it will be delegated to the Agent Node to do all the work.\n\nWhat this means : I can forget about all the headaches in setting up a VPN or worried about my mom switching off my computer because there isn't anyone in the study room\n\nPutting the \"Cred\" in Proof of Credit: Credit refers to the stability, integrity and assurance of the node. Similar to Football (or what the Americans call ''soccer'), punishment will be meted out in terms of 'Red' and 'Yellow' card depending on the severity of the fault.\n\n\"Yellow\" cards will be meted out if the node misses in block creation due to events such as network outages, leading to the reduction of a credit ratio. This simply means less moolah. Whereas for \"Red\" cards, it will be issued to nodes causing forks or double spending. The staked coins will be frozen for a month on top of being blacklisted from joining the blockchain consensus.\n\nHowever, a stricter punishment can be enforced by having penalties in place. This penalty comes in the form of fines where the fault node will have its staked coins removed ( a certain percentage) and distributed as rewards to other healthy nodes. This capital punishment may seem harsh but would be integral to the safety of the blockchain. If no faults are created, there would be no punishment at all.\n\nPunishments are an important part of managing integrity in the blockchain. Establishing punishment ensures that all nodes comply within the regulations meted out to them. Strict compliance by the nodes will provide a healthy blockchain ecosystem. As Nuls mentioned on their website, they want to simplify 'trust' in the system.\n\nWhat Nuls has planned out in its consensus mechanism is something new and interesting. The Testnet on March 2018 would be an interesting period to experience the concept that Nuls had drawn up.\n\nAs Nuls is a community driven blockchain project,the numbers mentioned are tentative. Once the community has voted and come to a decision, it could be more or less than what is stated here. But, it would be the best figure that the community has agreed upon.",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://medium.com/@edieusdiaradan/nuls-the-undervalued-crypto-coin-7989d5b4eb3f",
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      "parent_author": "avecedii",
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      "author": "avecedii",
      "body": "Nuls is a community-based cryptocurrency that is working on a modular based structure. The modular structure allows a simple ‘plug and play’ lego-like for private blockchains to be part of a public blockchain. This makes it very appealing to private companies and businesses that wants to use blockchain technology, but are concerned about the implementation cost (cost of hiring new programmers).\n\nPrior to the formation of Nuls, the same team were actually working on Inchain. Because of the name, many were confused about Inchain as there were two Inchain projects of which one is unrelated at all.\n\n1.The Inchain project which was working on insurance ( Nothing to do with the Nuls)\n2.The Inchain project which was working on counterfeiting ( This is the Chinese team that is currently working on Nuls)\n\nAs of now, the Inchain company has a working product and has great working relationship in the industry due to its partnership with Elephant Alliance (大象联盟). As silly as it sounds, Elephant Alliance is a huge trading firm that is backed by the Chinese Government and has partnership deals with both public and private sectors, both locally and international. Inchain is primed to be a counterfeiting solution for the Chinese Industry due to its strong ties with a trading firm that engages in both local and international markets.\n\nWhen Nuls goes live on the main-net, Inchain will be the first company to use the customisable blockchain. This is a smart approach because instead of finding and getting some companies to use its blockchain, it would already show a working product, waiting for mass adoption. Once everything goes well, it wouldn’t be a surprise for Inchain to flex its working relationships in the industry to entice others to engage Nuls as a blockchain provider.\n\nNuls Foundation is registered in Singapore with the Accounting and Corporate Regulatory Authority, a statutory board under the purview of Singapore’s Ministry of Finance. This will put those who are concerned about the position of the Chinese Government on cryptocurrencies, at ease.\n\nRecently, the Nuls and Inchain team had received awards (2 for Inchain and 1 for Nuls) from the China High-Tech Industrialisation Association, led by the Chinese State Council. This highlights the the integrity of the team and legitimises the promising work that Nuls and Inchain are working on. Being recognised by the Chinese government would pave more ways for new partnerships and even enhance existing ones.\n\nNuls currently sits at less than a USD $100m market capitalisation . Whereas, similar Chinese platform-based cryptocurrency like Neo and Qtum are sitting on a USD $3.8b market capitalisation.",
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      "author": "avecedii",
      "body": "Nuls is a community-based cryptocurrency that is working on a modular based structure. The modular structure allows a simple ‘plug and play’ lego-like for private blockchains to be part of a public blockchain. This makes it very appealing to private companies and businesses that wants to use blockchain technology, but are concerned about the implementation cost (cost of hiring new programmers).\n\nPrior to the formation of Nuls, the same team were actually working on Inchain. Because of the name, many were confused about Inchain as there were two Inchain projects of which one is unrelated at all.\n\n1.The Inchain project which was working on insurance ( Nothing to do with the Nuls)\n2.The Inchain project which was working on counterfeiting ( This is the Chinese team that is currently working on Nuls)\n\nAs of now, the Inchain company has a working product and has great working relationship in the industry due to its partnership with Elephant Alliance (大象联盟). As silly as it sounds, Elephant Alliance is a huge trading firm that is backed by the Chinese Government and has partnership deals with both public and private sectors, both locally and international. Inchain is primed to be a counterfeiting solution for the Chinese Industry due to its strong ties with a trading firm that engages in both local and international markets.\n\nWhen Nuls goes live on the main-net, Inchain will be the first company to use the customisable blockchain. This is a smart approach because instead of finding and getting some companies to use its blockchain, it would already show a working product, waiting for mass adoption. Once everything goes well, it wouldn’t be a surprise for Inchain to flex its working relationships in the industry to entice others to engage Nuls as a blockchain provider.\n\nNuls Foundation is registered in Singapore with the Accounting and Corporate Regulatory Authority, a statutory board under the purview of Singapore’s Ministry of Finance. This will put those who are concerned about the position of the Chinese Government on cryptocurrencies, at ease.\n\nRecently, the Nuls and Inchain team had received awards (2 for Inchain and 1 for Nuls) from the China High-Tech Industrialisation Association, led by the Chinese State Council. This highlights the the integrity of the team and legitimises the promising work that Nuls and Inchain are working on. Being recognised by the Chinese government would pave more ways for new partnerships and even enhance existing ones.\n\nNuls currently sits at less than a USD $100m market capitalisation . Whereas, similar Chinese platform-based cryptocurrency like Neo and Qtum are sitting on a USD $3.8b market capitalisation.",
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