NULS-Huobi Nigeria AMA Recap featuring Mario Blacutt(Berzeck)
The AMA was an interaction between Nuls led by Nuls West Regional Director Mario Blacutt popularly known as Berzeck, and the Huobi nigeria community, moderated by Cyril Oghenegueke. The AMA took place on the 6th of May 2020 at exactly 8PM GMT + 1. The AMA was segmented into two sections that is
1. The moderator opened the group for questions and allowed the guest to answer the questions. Time allocated to that section was 20 minutes.
2. The guest was allowed to ask 10 questions and the group was opened to allow community members to provide answers to the questions. 20 minutes was allocated to that section as well
Introduction (Mario Blacutt)
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. NULS 1.0 mainnet launched in July, 2018. The main product of NULS is Chain Factory, a chain-building tool that allows businesses to utilize the plug-and-play selection of modules from the NULS Module Repository including cross-chain consensus for asset value circulation within the NULS ecosystem. Thanks to this we were able to build Nerve which is a cross chain solution thats is designed to complement NULS blcokchain and open the gates to interact with other blockchains, like BTC and ETH and more in the future. We also have other prdoucts like SCO, Chain Factory, Chain Box…. none of them are easy to copycat and are unique in crypto. With Chain Factory you can build your customized blockchian using web interface and select the modules you want The product will create not only a blockchain but a web wallet and an explorer ready to use!
With SCO, projects that are building using our blockchain are able to distribute their tokes to NULS stakers. NULS investors just stake in these nodes and receive the prject tokens directly and the project receive NULS, you can withdraw your stake whenever you want so you NEVER risk your money. (UNLIKE ICO/IEO)
I am Mario, but everybody knows me as Berzeck, i am regional director for operation in the West. My job is to get more partners and enhance the community as well
I have like 18+ years experience designing software for companies and worked designing and developing an ERP for my country. Now i work full time on NULS, and hopeully after this AMA you will understand why!
First session( the Huobi community with Mario Blaccut)
@Rohit (wHaLe): What is the advantage of nuls over other public blockchains?
The biggest strength is that we have an architecture based on microservices which allows us to adapt and evolve faster than everyone in crypto.
Let me put it this way, if Vitalik finds the ultimate scalability solution, while he is receiving the Turing award, we will pack the solution in a microservice and deploy it months or even years before Ethereum. Adapt and evolve!
@Boluwatife: What are the Plans of NULS for Nigerian Community? Also, Tell us the 2020 Plans of NULS Project?
2020 is about finishing our cross chain solution called Nerve, its first product will be NDEX (our own decentralized exchange) a public beta will be available in 2 weeks!
also, as we consider that finally we have a good portfolio of unique products, we hired a marketing company that will help us spread the word! we are the kind of project that has the slogan: “develop first, pump later!” and this year is time to let us know to the world!
@MigTyO Why did NULS choose PoC consensus?
PoC is a DPoS derived consensus mechanism but it. has more benefits:
— It does not impose a maximum number of consensus nodes
— It has embedded a mechanism that allows the network to punish bad behaving nodes automatically
— Its fast
— Its makes easier for the network adapt to new technologies
What is the role of $NULS in the NULS ecosystem?
With NULS you can:
- Stake so you can earn more NULS
- Vote on proposals thank to our governance tools
- Stake on projects tokens so you can earn the tokens of the projects. you are interested in
- Earn Nerve Tokens (near future)
In order to manage COMMUNITIES and consolidate on your great ECOSYSTEMS, a good relationship is extremely important for any BLOCKCHAIN to further adoptability. So what are the special Measures that NULS is using to manage its COMMUNITIES?
We hired a marketing company that among other things advises us how to manage public relations, this company is called Multiplied and they also have Binance as their clients, so i think they know what they are doing! , we are blockchain builders and they are the experts so we follow advice. I can say that we make a LOT of promotions for our active community so they can earn NULS and NVT constantly.
Follow our twitter to know more!
Also we have an ambassador program so people that works hard can represent their country and enhance the community in their respective countries
One of the major problems facing blockchain technology is that it tends to slow down with mass adoption. What measures has NULS put in place to ensure they don’t fall prey to this issue bearing in mind that NULS COMMUNITY is growing rapidly in all ramifications?
Indeed, getting the first companies on board is the most difficult part, gladly we already have like 10 projects directly building using our blockchain and like 40+ building customized blockchains using Chain Factory!
we have good unique products and thats the main reason. Companies have took the risk to build in our blockchain, also we give direct support to them and invest a lot of time so they can build their products successfully
What is your attitude to the Nigerian community and what are the further plans for the development of the Nigeria community in Nigeria?
Africa is a strategic place for us because it is likely that crypto adoption will explode there, so we are training an ambassador to represent us there, of course we will have localized promotions for your african community and will invest a lot of time explaining why we are a very solid alternative in crypto landscape
What is the biggest achievement you have achieved this year ?? On moving forward through your roadmap , what are your most important next priorities ???
Probably getting like 10 companies to build directly in our blockchain and 40+ using Chain Factory, specially given the current environment it is a great achievement, past weeks we received 91000 NULS+ income. that we burned! Our road map for this year is simple and direct:
Development: Finish Nerve and NDEX
Marketing: We hired Multiplied to make people know about NULS, Nerve and the rest of our products!
<Crypto Idee>: How does Nuls prioritize privacy? Would like to know the security measures that have or would be adopted to safeguard vital data of the entire Nuls community.
We have the same level of privacy that Bitcoin has because we believe its a good compromise that governments are willing to accept, hard anonymity coins are starting to have problems with governments because there is no way they can. enforce taxes, and as our goal is for companies to build using our products we do not have a choice but to play good with governments. On the other hand we will build strong privacy modules. and deploy them via Chain Factory for those companies that require this level of privacy
Kindly indulge us on why NULS Blockchain uses the Proof of Credit Mechanism and not the PoW or PoS Consensus Algorithms?
PoC has already explained above but I will add:
PoW is extremely inefficient so it surely will be deprecated, the amount of energy wasted is getting. insane levels (notice i use the word ‘waste’ because once you have more efficient alternatives it becomes a waste instead of an expense)
PoC is a lot faster than simple PoS, something required to mass scale
How easy is onboarding in NULS blockchain for new entrants?
Is there any collaboration with any African startup and especially with huobi global now and future?
absolutely, Africa is a strategic location for us so we will invest resources enhancing our presence there
“By the way if anybody wants their question answered please contact me directly and i will answer all questions, i can’t know because the AMA has limited time 😅” — Berzeck
Second session( quiz )
10 questions were asked by Mario Blacutt. One by one, and a few seconds given to answer them. Those who answered correctly had a chance to earn rewards for each question. Those who were selected were assigned a number and were chosen randomly. using random.org site to make it fair for everybody
1. NULS: What is the Max supply And circulating supply (approx)?
The first person to answer was
@Vicky
Max Supply: 210 000 000
Circulating: 95MM — 96MM
2nd @Boluwatife
Max Supply: 210 000 000
Circulating: 95MM — 96MM
3rd @Crypto Devil
Max Supply: 210 000 000
Circulating: 95MM
And other 23 given the same answer as
Max Supply: 210 000 000
Circulating: 95MM
2. NERVE: which type of node is responsible to process cross-chain transactions and how many of them will be available?
@cryptoDevil was the first to give an answer: Virtual Banks: only 15 will be selected from consensus nodes.
2nd @Enajite
Virtual Banks: only 15 will be selected from consensus nodes,
3rd @Adebowale
And other 17 communities members given the same as
Virtual Banks: only 15 will be selected from consensus nodes.
“wow copy paste including the dots 🤣🤣” — Berzeck
3. NERVE: what is Nerve’s max cap and initial supply?
@Enajite, was the first community member to give this answer
Max Cap: 2 100 000 000
Initial supply: 1 100 000 000
2nd Adebowale
Max Cap: 2 100 000 000
Initial supply: 1 100 000 000
. 3rd Boluwatife,
Max Cap: 2,100,000,000
Initial supply: 1 100 000 000
And other 9 members providing the same numbers as answer
Max Cap: 2 100 000 000
Initial supply: 1 100 000 000
4. NULS: What is the architecture/infrastructure used in NULS?
@Enajite
A Microservices implementation called Nulstar
@Trezor,
A Microservices implementation called Nulstar
@Adebowale,
A Microservices implementation called Nulstar
and other 13 members gave the same answer.
5. From an economic point of view, which type of node would you like to operate?
@Enajite
VIRTUAL BANKS more rewards
@Adebowale
Virtual Banks: more rewards
@ Boluwatife,
Virtual Banks: they have the higher rewards @Awolabi,
Virtual Banks: they have the higher reward
and other 11 Huobi community members given same answer as below
Virtual Banks: they have the higher rewards
6. NULS: In which development language modules can be written in NULS?
@ Rohit (wHaLe)
Consensus nodes: for efficiency reasons only 35 will be selected to process transactions
@ Akachukwu,
Consensus nodes: for efficiency reasons only 35 will be selected to process transactions
@Crypto Devil
Consensus nodes: for efficiency reasons only 35 will be selected to process transactions
@Berzeck
“no good answer you can contnue trying.” It was like this particular question was a bit challenging for the Huobi community . Another 11 members gave the same answer as consensus nodes: for efficiency reasons only 35 will be selected to process transactions
@ Akachukwu
Any language
@Boluwatife,
Java
@Enajite
Java
Berzeck
Any language! and ‘any language’ was the right answer.
Berzeck continue to explain Java coming out as an answer. Java is for smart contracts, but for a whole system you can develop in any language
in fact some nodes in NULS are developed in JAVA and others in C++
7. NERVE: How many Consensus node are allowed?
@Adebowale,
Virtual Banks: they have the higher reward
@ Boluwatife,
35
@ Enajite
Virtual Banks: only 15 will be selected from consensus nodes,
@ Awolabi,
35
@Paul,
Consensus nodes: for efficiency reasons only 35 will be selected to process transactions
@Berzeck
Consensus nodes: for efficiency reasons only 35 will be selected to process transactions(answer)
Now be careful guys if you don’t read the question correctly you will be disqualified! That seem like a word of caution from the. Nuls West Director @Berzeck
8. NERVE: Which NULS tool was used to create NERVE?
@Fadeyi Olayinka
Chain Box
@ Kwande
Chain Box
@Awolabi,
Chainbox
@Rohit (wHaLe)
Chain Box
@Trezor,
Chain Box
and other 8 people also agreeing to the answers above
@Berzeck
Chainbox(answer)
9. NERVE: What consensus mechanism does NERVE use?
@Trezor,
Nerve uses PoCPBFT
. @Rohit (wHaLe)
Nerve uses PoCPBFT
. @Awolabi,
PoCPBF
@Fadeyi Olayinka
PoCPBFT
Extra 8 members concord with the answers already given and said the same thing as POCPBFT
@Berzeck
POCPBFT — proof of credit(answer)
Last question!
ta ta ta chinnnnn. < — — - I was amazed of the sense of humor Berzeck portrayed here what is ta ta ta chinnnn lol 😂
10. NERVE: What are the URL’s to Nerve’s Discord And Telegram?
@Crypto Devil
https://discord.gg/aDaxwJR
@Enajite,
https://discord.gg/aDaxwJR
https://t.me/NerveNetwork
@Trezor
https://discord.gg/aDaxwJR
https://t.me/NerveNetwork
@ Olushola Abiyodun
https://discord.gg/aDaxwJR
https://t.me/NerveNetwork
We got an extra 12 people given the same answer as above.
“wow there were many that knew the answers, next AMA will be more difficult ”— Berzeck
I will select winners until tomorrow max — Berzeck
also, i invite people that i didnt have the opportunity to answer their question to join our telegram and i will answer them all!
End of AMA it was awesome and full of interactive section.
Summary
In summary, it was an exciting AMA, where a high number of relevant and intelligent questions were asked. We are super proud to be have had the opportunity of interacting with the Huobi Nigeria community. We plan to host AMAs on a monthly basis with different communities in Africa, there will be a number of AMAs in the coming months, so stay tuned for more exciting content as the Nuls Africa team begins to unravel their powers.
