AMA Recap: NULS Blockchain meet IOT Network Hub Africa
Without further ado, here is the recap
Host
📝Hello house. Good evening from Ghana.Thank you all for you time and patience. Please welcome Berzeck,NULS western director for tonight AMA.
Berzeck
📍Thank you for joining us today! hopefully we will have a good time learning more about NULS and Nerve
Host
📝Hello Berzeck, I will like to know more about yourself and your NULS, I am Josh
Berzeck
📍My name is MArio Blacutt, I am a software engineer with 20 years of experience, I created Nulstar which is the microservices infrastructure on which NULS and NErve are based. NULS Western Director and NErve Founder
Host
📝Awesome, it’s a pleasure to meet you
Berzeck
📍NULS is a microservices-driven blockchain project that uses the Proof of Credit (PoC) consensus mechanism (dPoS plus credit rating) to mine via staking. The NULS modular design features NULSTAR, a microservices-based framework reportedly enabling enterprise-grade blockchain solutions for smart contracts, private chains, public chains, dApps and NRC-20 tokenization And. Nerve is a decentralized digital asset service network based on the NULS micro-services framework, which uses the NULS ChainBox to develop a blockchain cross-chain interaction protocol. The aim is to break the isolated blockchain value and establish a cross-chain asset exchange network to provide all the necessary underlying support for the Defi application ecosystem.
Host
📝This is great, does NULS run on any of the Blockchain platforms like ethereum?
Berzeck
📍NULS and NErve have their own main net, but Nerve has the ability to accept ETH and ERC20 tokens.whats more you can stake your ETH and ERC20 tokens and earn rewards in NVT. We are the only blockchain project with cross chain staking capabilities.
Host
📝Thanks @Berzeck1 this is a very interesting insight shared. What’s the future of Blockchain Technology? Most Governments don’t seem to be embracing it, due to the fact that they can’t control it or manipulate it to their advantage
Berzeck
📍what blockchain needs is just governments tolerating it and that’s what is happening. Companies will use blockchain based solutions because it increases income and reduces costs for certain tasks and that’s all they care about. So we offer solutions to do just that , reduce costs for them
Host
📝What about regulation and infrastructures?
Berzeck
📍unlike what people would like, we know this process will be longer than expected, but we are prepared for it.
Host
Are there any applications or possibilities of integrating IoT with NULS?
Berzeck
📍our blockchain has 1000 TPS and 10 second block generation.. Nerve has 2000+ TPS and 2 second block generation so it is better suited to IoT
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🔔 Community Q&A 🔔
💡 Community Question
What makes Nuls different from other projects and what are other the benefits Africa developers will get from Nuls incase they decide to use Nuls chain
Berzeck
📍NULS and Nerve are the only blockchain that are microservices based which give them the. ability to evolve and adapt faster than anybody else and also allowed us to build unique products and features. For example, we allow developers to write modules on any language they want. We have ChainFactory which is a product on which you select modules and insert a few parameters and the software assembles a customized blockchain for your needs and gives you a link to download the node, a web wallet and a explorer ready to use for your brand new blockchain. We also have SCO program on which NULS investors can stake on projects building on our platform and instead of receiving NULS they receive the projects tokens. in return the project receive the NULS, so it’s a new funding mechanism on which people NEVER risk their investment and put pressure to projects to make progress fast or risk that the investors to unstake and choose another project to support. Aleph for example has been incubated by NULS this way and investors experienced unbelievable returns WITHOUT risking their money we have more features we could discuss in other sessions.
💡 Community Question
My question is how does NULS work? And where can we buy Nuls?
Berzeck
📍you can purchase nuls on. well regarded exchanges like binance or hobi… NErve is new so it is still on smaller exchanges like MXC, bitmart. we are about to release NDEX which is our own DEX solution. If you have ethereum. you can purchase NVT in Uniswap
💡 Community Question
When they talk about Nuls and say it is a decentralized app (dapp) platform, what does it mean?
📍Berzeck
it means that it has a virtual machine that can execute smart contracts. What this means is that the execution and computation of a program can be performed by a consensus node in the network. A dApp is an application that has at least one decentralized component, generally a smart contract that is executed in a decentralized way as explained above.
💡 Community Question
What are the plans Nuls has for the Africa community in general as they set to extend their activities here? Are they planning on having an office and getting on local exchanges here?
📍Berzeck
We have an ambassador program and in specific an african Ambassador was selected. So the plan is hiring people in each country (long term) to help expanding the business
💡 Community Question
@Berzeck1 so is the NULS project working now or in progress?
📍Berzeck
Every product i described is in production and working right now
💡 Community Question
Is there a way to earn passive income with Nuls or Nerve?
📍Berzeck
Absolutely, both are DPOS based systems so you can stake. and earn rewards without doing anything else. Nerve also has the ability to allow you to stake with ethereum and some erc20 tokens and soon btc and other blockchains. Also you can choose a commitment, for example if you commit 3 months staking then you earn proportionally more rewards than the rest.
💡 Community Question
Most Altcoins, adoption is critical to positive price movements. For Nuls, however, this may take some time. The project’s roadmap lists a goal of just 15nuls based applications as their next milestone, can you explain why is it so?
📍Berzeck
In march 2020 we finished a complete restructuring of the project, it is almost a new project in several ways, since then the price climbed from 0.09 to 0.45. We have 10 SCO projects and 40+ companies that have used ChainFactory to create blockchains, so we achieved our goal.
💡 Community Question
How much do you need to start with before earning on NULs or Nerve and how do you convert NVT to Dollar?
📍Berzeck
In NULS you need 2000 NULS to stake and for NErve you need 10000 NVT. BUT this requirement will be down next week and will be just 1000 NVT. You can use an mxc or bitmart exchange for that. But soon NDEX you will be able to trade with USDT or DAI
💡 Community Question
Do you have a telegram channel specific for Africa where most us who are interested in NULS can join
📍Berzeck
you guys can join @nulsio. and @NerveNEtwork
https://t.me/NulsAfrica that’s specifically for Africa
💡 Community Question
I have no account at NULs how do I register
📍Berzeck
you can create a NErve based account at. wallet.nerve.network you can deposit nuls and nerve there. For chain factory: factory.nuls.io
SCO program: pocm.nuls.io. (check for projects building upon our blockchain !!! )
ok guys i will give a few tokens to all that participated, please leave your NULS address here. ONLY those who asked questions above.
Host
Mr Berzeck, on behalf of IoT Network Hub Africa, we say a big thank you for your time and deep knowledge shared. We really appreciate it so much and we will be looking forward to working with your organization going forward on possible projects. Thank you so much once again.
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That’s first part of the AMA now second part
Host
📝Please let’s welcome. George Pro, NULS ambassador for. West Africa, passionate about blockchain Technology and Cryptocurrency, very keen about supporting innovative ideas that curb Africa socio-economic problems through FinTech and blockchain technology.
📍George Pro
Thank you so much. @Berzeck has said. all that I would have to say. The NULS Africa community appreciates the opportunity the IOT Network Hub Africa community has given to us. There is more we can achieve together. For now our telegram channel is open https://t.me/NulsAfrica we encouraged everyone to join us. Let’s see how we can use Blockchain to solve some of Africa’s Socio-Economic challenges. Thank you.
📍George Pro
Maybe you have some specific questions for me. I am ready to answer.
📍Berzeck
George is a great asset for NULS and Nerve ecosystem so feel free to forward any suggestions, comments or questions to him as well
💡 Community Question
Please if I may ask. Can NULS be stored on coinbase or Blockchain wallet account
📍George Pro
We have our specific mobile wallet, Desktop wallet and web wallet. Nuls is not on Coinbase but we are on exchanges like Binance, Kucoin, Huobi among others. We will be on local exchanges soon.
💡 Community Question
@GeorgePro1 can you share with us the mobile wallet?
📍George Pro
You can get access to it here
http://nabox.io/download
Host
Thank you @berzeck n @GeorgePro .We appreciate your time and the effort. Please be aware for upcoming questions from out late members 😆😂
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