Nuls is a customizable blockchain in two parts: a microkernel and sub chains. The microkernel is a minimalistic software module that controls a network of customizable sub chains. The sub chains are designed to be developer-friendly and will be available for public, private, or business consortium use. The sub chains have smart contract functionality and the ability to communicate with each other to create an ecosystem of information. The idea is that an individual or group can create their own blockchain without having a ton of expertise. Holding 2,000 Nuls or ~$5,000 worth will grant a user the right to run a node. Each node will receive a credit rating calculated by an algorithm based on the number and accuracy of blocks generated. Sub chain operators will be required to pay Nuls tokens.
NULS whitepaper discussion
lmao
you need 2000 to stake your tokens. 20000 to run a node. BUT these numbers are not yet decided for good. They are in the yellow paper but they still can go lower before main net.
The whitepaper has a lot of grammar errors, but is mostly OK. My impression is that the English community leads are non-techical and that the founder-developer can speak but not write tech jargon in English.
The microkernal is software that handles events, services and the IO for core modules. It probably also implements cross-chain consensus. I'm guessing it probably has the smart contract opcode, but that will probably be modular too.
The core modules are (subchain)consensus, network, storage, news, account, account book. The core modules can have different features though. For example, the consensus module can be PoW, PoS, or whatever else makes sense for that subchain.
So, yeah, the microkernal is the main chain functionality, plus plugin points for the modules that people download and glue together to implement the subchain that properly mirrors their business case.
>open-source and transparent nature of Blockchain
This is retarded and their English marketer doesn't understand what they are talking about. The whole point of NULS is to set up open source module repositories so that a C-tier developer could read through some documentation and translate a business into a subchain by downloading some modules. Nuls has a developer fund to pay people to add to the repositories and a slow roll-out of modules that they'll be adding themselves.
The writer is retardedly conflating blockchains and ledgers with open source projects like Drupal. It is clear that row 2 of the team page has a few brainlets.
IMO the coin is not a scam. Whether the team can actually do it or not is the issue. Moonlight and Davi Yang have particularly weak looking experience, but maybe the other 3 are good enough to build a third generation China ARK.
Also, China is all about stealing and mashing together other country's ideas. NULS is the epitome of this. This coin is so fucking Chinese.
>trying this hard to be edgy
get some rope NEET
sweet
>20000 to run a node
holy shit so you literally have to dump 50k into this at current price to even be able to use it? That's even worse than how NEO can only send single units of tokens. I guess this node operates to ideally make profit when other people use it or something. Still, that implies a limit to the price for it to be usable. if it's $200 EOY like people are saying, that's 200*20000= 4 million buckaroos just to have you own blockchain
thanks, this makes a lotta sense
Since this thread is dying I'll sage and just add that yes, the whitepaper is garbage- conclusion just adds a bunch of seemingly new points that don't follow from the rest of it and the main use case is hard to dig out for a reader. But they will possibly have a working product by July and their roadmap seems reasonable. I might make another spoonfeed/ discussion thread tomorrow about the value of the coins and use cases