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  1. Phase 1:
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  4. Explanation of our blockchain:
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  7. Right now, we have multiple blockchains that do certain things, blockchain should be adopted by every industry and have one main blockchain to use for these things, we should not consider the blockchain to only be used as crypto
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  9. The Nuls blockchain is built with several detachable modules used in the blockchain. Think of a car with just the engine, we can then attach whatever wheels, windows, exhaust we like and switch them later at any time.
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  11. If you would like a side-chain all you have to do is fire-up a side-chain creation and a copy of our main-net is given to you and run separately from our main-net
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  13. Our chain also has a cross-chain consensus module, in which other users can create their own stand-alone side-chain and either have it public or private depending on the user's needs. The cross-chain consensus is a link between the user’s side-chains and the Nuls Main-net.
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  15. Phase2:
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  17. Benefits:
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  19. Blockchain Problems
  20. Right now, most blockchain projects are built up with just one module, this is tedious for future development updates and solving solutions such as scalability, with the Nuls blockchain we can just detach the service we need to upgrade and re-attach it with each causing no effect to the main-net.
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  26. Private Side-Chains
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  28. The Blockchain space is a huge advantage for large corporations and businesses which would like to store their information for easy access at any time to whom they choose. This is great but they need a private side-chain which is detached from public eyes so nobody can view the information stored and Nuls will solve this by letting a user have their own private blockchain (side-chain).
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  30. If the user wants or needs to allow the information to be broadcasted to the Nuls main-net all they have to do is load up the cross-chain consensus module and it will begin communicating with the Main-Net.
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  32. For example:
  33. 1. Banks use their own banking system, they will not need to use our accounting module thus they can replace our module with their own one.
  34. 2. A bank has a more efficient inner-network, the P2P network can be replaced by directly connecting to their network, and the consensus module can be replaced with a greater one to provide easy data flow.
  35. 3. Small businesses can define their own net-protocol, this may have to be used when the protocol built into our blockchain doesn’t meet the requirements of the user-case.
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  38. Open-Source
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  40. The Nuls blockchain is completely open-source and can be reviewed and verified by anyone.
  41. As blockchain space expands, innovators will begin to think of new ideas they would like to implement into the blockchain, with Nuls you can create or use other modules from the database of diverse community-modules and attach them into the Nuls Basic Model we give you once creating a side-chain you can customize it any way you like!
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  43. Proof Of Credit (PoC) Consensus
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  45. We at Nuls have strived in creating the fairest Consensus Algorithm and have come up with one that is made up of all the good things about other consensus algorithms, ticket-like system from DPOS, staking from POS without having limits on the number of nodes that are allowed to participate, this gives everyone a fair chance in being rewarded and at the same time making our network even more secure.
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  48. Flexibility & Adaptability
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  50. Applications should not be limited by underlying-technology of the blockchain, other chains do not have the flexibility and adaptability like Nuls.
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  55. We make our blockchain flexible using the three levels
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  57. 1. Logic Level – Smart contracts, developers of applications are not bound by rules or boundaries of other blockchains.
  58. 2. Module Level – Different application scenarios will need different conditions, this is the difference the flexibility of the Logic Level cannot meet the needs for these applications so we have created the modular level.
  59. 3. Chain Level – Open- Source, all community aspects of the project to create survivability to the Nuls platform
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