Blocknet BLOCK to NULS NULS Exchange

Crypto Pair Details: BLOCK to NULS

Blocknet BLOCK

Blocknet (sometimes referred to as Block) is a decentralized, platform-as-a-service protocol that connects the nodes of different blockchains. As you probably know, there are hundreds, if not thousands, of blockchains that currently exist, and this number is showing no signs of slowing down its growth anytime soon. Many of these chains, though, are unable to communicate and interact with each other, creating small groups of siloed ecosystems. And, the inability of these groups to work together is holding back the entire blockchain industry. To solve this problem, Blocknet is working to make blockchains interoperable, mobile, and modular. This enables different chains to provide microservices to each other in a peer-to-peer fashion at higher security, faster speeds, and more efficient scalability than today’s current options. Blocknet is aiming to be the “Internet of Blockchains” through inter-blockchain connective services. Simply put, Blocknet enables you to develop on one blockchain, Ethereum for example, but access the functionality of other chains, like NEO. The team is building the infrastructure using three core components that work together to provide three primary services for these inter-chain decentralized applications (dapps). The XBridge, a blockchain router, is the backbone of the Blocknet platform. It’s the first peer-to-peer protocol to connect nodes on different blockchains, allowing them to communicate with one another. Using the XBridge, you’ll not only be able to perform cross-chain atomic swaps, but you’ll also be able to transfer additional data and execute smart contracts across chains. Blocknet uses a Proof-of-Stake consensus algorithm with three types of nodes to maintain the network. Service nodes collect and distribute trade fees on the platform as well as prevent spamming and DDoS attacks. To run a service node, you need to hold at least 5,000 BLOCK and keep your node computer running at all times. The Blocknet team recommends that, if you plan to run a service node, you should also run multiple full node wallets of whichever coins you want to support. This maximizes the trading fees you receive. Staking nodes confirm network transactions. When running a staking node, you’ll receive 9-14% annual returns from block rewards as well as a portion of the trading fees. There’s no minimum BLOCK amount you need to keep in your wallet to receive these, but you need to keep the wallet running at all times. There’s limited information available on the Blocknet team. Dan Metcalf and Arlyn Culwick founded Blocknet in 2014 as a fork of PIVX. According to his LinkedIn page, Metcalf was a Bitcoin developer for 5 years as well as a Senior DevOps Engineer at Philips. Outside of Blocknet, Culwick is also the PR and Media Liaison for XCurrency. Blocknet launched the service nodes on their main net in September 2017, and on March 1st, 2018, the team will release the beta version of the DEX. The project has also partnered with the 0x protocol to add ERC20 token support on the platform. Blocknet is connecting the isolated blockchain systems that currently exist to create one, cohesive ecosystem. Through the platform’s XBridge, the team is building a blockchain Internet in which you can build dapps that utilize features from several different chains. Starting with a DEX, the project has a lot on its roadmap including a service delivery system for blockchains to provide and receive payment for providing functionality to other chains. This is a complex project, but Blocknet already has the partnerships in place (0x, Poloniex) to see it through to the end. Blocknet consists of the following coins: XCurrency, Stealth, SonicScrewdriver, Fibre, Librexcoin, APEXcoin, BitSwift, XCash, UtilityCoin

NULS NULS

Nuls (NULS) is a Singaporean based project is trying to develop a highly adaptable blockchain that can be used for enterprise solutions. They have regularly used the phrase “Nuls is nothing, Nuls is everything”. In other words, Nuls is not traditionally defined and can be melded into anything that the community sees fit. Nuls is looking to solve the problems faced by blockchains by creating one that features modularity and sub-chain operability. The two part design of functional modules and microkernels will provide both an underlying network mechanism and compartmentalized features for the blockchain.Essentially this should provide scalability and security to the blockchain, while adhering to the programming practices of low coupling and high cohesion. And because the blockchain is designed to be modular, it becomes hot pluggable, allowing for the addition or removal of modules at any time. There are several blockchain problems inhibiting growth and development of the industry that have been identified by the Nuls team. One such issue is the cost of development. Because there is a shortage of blockchain proficient developers, those with skills can command higher salaries.This is simply demand exceeding supply and will eventually level out as more IT professionals learn blockchain skills. That’s when businesses will see greater adoption of the technology, and only the most trustworthy blockchains will be of interest. Nuls is working to make trustworthy solutions to business problems. Nuls is primarily focused on making blockchain more accessible for developers and businesses. It seeks to do this through its modularity and the use of sub-chains, and hopes to break the complexity associated with blockchain projects, while also solving the scalability issue that is hindering the growth of the industry. Nuls will make trust simpler, increasing the adoption rate of blockchain technology by businesses. They will also lower the cost of entry by removing complexity and increasing the supply of developers capable of programming blockchain applications. Taken all together, the Nuls ecosystem will benefit developers, businesses, and cryptocurrency enthusiasts by providing needed solutions and increasing usage and adoption of blockchain technology. Check out CoinBureau for the full review of Nuls.

SOURCE: COINGECKO

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