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.
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).
Prior 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.
- The Inchain project which was working on insurance ( Nothing to do with the Nuls)
- The Inchain project which was working on counterfeiting ( This is the Chinese team that is currently working on Nuls)
As 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…