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What is NULS?
NULS is a blockchain development platform designed to help developers easily create customized blockchains and issue tokens using its modular architecture and microservices. It aims to offer fluid, cost-effective, and time-efficient solutions, particularly targeting developers with minimal blockchain experience.
How does NULS work?
NULS functions through a modular architecture facilitated by microservices, which supports rapid evolution and scalability. Its infrastructure includes smart contracts and cross-chain technologies, making it highly customizable. The NULS ecosystem comprises a main chain and sub-chains, allowing for interchain communication. It uses a unique consensus mechanism known as Proof of Credit (PoC), requiring users to lock up a certain number of NULS tokens to participate in the network. Additionally, its ChainBox solution and parallel expansion technology enable developers to build blockchains quickly and efficiently.
What are the potential use cases for NULS?
NULS can be used across various domains due to its customizable nature. Potential use cases include enterprise blockchain solutions, supply chain management, decentralised finance (DeFi) applications such as token issuance and cross-chain transactions, and the creation of customised blockchains using its ChainBox solution. It also supports EVM compatibility through ENULS, enabling Ethereum-based projects to operate within the NULS ecosystem.
What is the history of NULS?
NULS was co-founded by Jason Zhang, Lily Wang, and Reaper Ran, and the project launched in September 2017. Instead of an ICO, NULS distributed tokens through a Binance airdrop in November 2017. The mainnet went live in July 2018, and the project has evolved to include significant updates like NULS 2.0 and the introduction of ChainBox for creating customised blockchains. The NULS community also initiated ENULS, enhancing its compatibility with the Ethereum ecosystem. NULS has achieved various milestones while continuing to develop and expand its technology and use cases.
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Frequently Asked Questions (FAQs)
What is the current price of NULS (NULS)?
The NULS price is $0.65080775 AUD, representing a +7.87% from the day prior.
Where is the best place to buy NULS (NULS) in Australia?
The best place to buy NULS (NULS) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell NULS (NULS) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of NULS (NULS)?
The trading volume of NULS (NULS) is $6.9M AUD in the last 24hrs, representing a +7.87% from the day prior.
How can I buy NULS (NULS)?
NULS (NULS) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of NULS (NULS)?
The current market cap of NULS (NULS) is $71.5M AUD.
Can I convert NULS (NULS) to cash?
Yes - With Coinstash you can convert your NULS (NULS) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many NULS (NULS) are there?
The current circulating supply of NULS (NULS) is 110.9M.
Is Coinstash a safe place to buy NULS (NULS) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling NULS (NULS) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.