There can’t be too much knowledge, so SatoshiClub will continue to introduce you the most interesting projects in cryptocurrency space. Today we would like to tell you about the AMA session with our friends from NULS. The AMA took place on June 17 and our guest was Mario Blacutt (NULS Western Regional Director).
The total reward pool was $150 and has been splitted in 3 parts.
In this AMA Recap we will try to summarise the most interesting points for you.
Part 1 — introduction
Irina Kravchuk: Hi everyone! Welcome to another great edition of our AMA series.
Serg: Hello! @Berzeck1 will be our guest from NULS. Welcome!
Berzeck: Hello everyone! nice to be here with you guys! and thanks for the opportunity
I hope we have a good time learning about or products and also giving you structural reasons on why we are climbing fast on CMC.
Serg: Very glad to have you here/ Please tell us a bit yourself and an introduction about the project.
Berzeck: My name is Mario but everybody calls me Berzeck, i am software engineer with 20 years experience, so i may be a little old for crypto but with 300+ years of experience and wisdom thanks to crypto, anway i designed nulstar which is the microservices infrastructure on which nuls and Nerve are based on, unique in whole crypto lansdscpe that allowed us to build unique difficult to copycat products like ChainFactory and ChainBox, and now i am directing the western operations for Nuls and Nerve (which i am founder).
Serg: So, you are CTO? CEO?
Berzeck: You can call me dev… or’d’ is you feel lazy .. i am not very fond of job nomenclature as i tend to always respect the person, not the job
but i am like director of the west or something like that.
Serg: West means?Europe?
Berzeck: It means Every region except China. not the best word that we have chosen but it will serve for now.
Serg: Is the project China based then?
Berzeck: It was born on china, registered on singaapore but right now it is split in 2, almost autonomous organizations…but that answer to Council, which is kind of board of directors. the reason for this is because Chinese culture is very different than the west so it didnt work at first, so we split in 2
Serg: What is the relationship between NULS and Nerve?
Berzeck: Nerve is crosschain solution for NULS, it opens the gates to NULS for other blockchain projects… it is designed to complement NULS and uses some NULS features, for example Nerve does not have smart contracts facilities and uses NULS’s… the idea is: instead of having one single big fat bloated blokchain that tries to do everything (the trend this days) we split in two slim and effcient ones designed for specific goals
Serg: Doesn’t this complicate things for devs who want to build on NULS? I mean dealing with 2 parts
Berzeck: Absolutely no, on the contrary it makes everything easier because there is a module you can download called cross chain module that if you incorporate to your projects you acquire cross chain operation and functionality seamlessly
they dont need to know about the specifi implementation details on how this is achieved
Irina Kravchuk: Why Berzeck? Where does it come from?
Berzeck: When i was a kid there was an Atari game called Berzerk (i think) i changed it so it still sounded cool but unique
Serg: NULS and Nerve are autonomous?
Berzeck: They are communtiy projects, people have voting rights even to choose the Council members (gov.nuls.io )
West is almost
autonomous from China and we answer only to Council which is elected
by community. For example we wanted budget for the West fro makreting
company:
Council approved the application and community voted
yes for this and here we are. Since march we hired marketing company
because we finished a great portfolio of products and now its time
for people to know about them!
Serg: Who have the right to vote? what are the requirements?
Berzeck: You hold NULS, thats it. With nerve will be the same.
Serg: Can you tell us about some partnerships?
Berzeck: We recently announced 8 institutions investing in nuls… Bitmart is the last on which they not only announced it will be the first exchange for USA citizens to be able to purchase NULS, they also announced they invested in NULS themselves.
Bitz already announced they are cornerstone investors for Nerve and we will announce more soon. We also have companies and organizations building in nuls blcokchain like: token network, liberty blues, vibook, aleph, and a lot more so we already got to the stage on which we are a ‘nice’ project to a real project that solves real problem for real companies.. and thats a big step.
Serg: Yes, that is what everyone expects from blockchain projects.
Berzeck: Indeed once you finish a product the most difficult part is showing to companies but the first question they ask is: “who is using it successfully?” and creates a 22- catch type of situation.
gladly we already gone through that.
Irina Kravchuk: Can you tell how many partners/ projects involved or using NULS technology are there at the moment?
Berzeck: Like 10 companies going or will be going soon through SCO program and 40+ companies that are bulding using our ChainFactory solution.
Irina Kravchuk: What’s a sco program?
Berzeck: Thats another unique product we have… so you are a NULS holder and you like one of the 10 projects registered, then you stake in the project’s nodes and you RECEIVE the projects tokens and the project receive NULS.
so you NEVER risk your initial capital to support projects
unlike ICO and IEO and those projects feel more motivated to make progress fast because people can unstake at any moment and stake on another project.
So it provides constant funding to projects but not everything in one simple big event, this gives a lot of confidence to investors, the more projects we have listed the more investors will come which will atttract evem more projects.. it will snowball from there
so we rae giving unique utility to out coin NULS and not just as GAS
the reason you guys probably didnt heard about us its because we have the slogan “develop first , pump later!” so we developed 2 years and since march we are ready for people know our products.
thi mindset is completely different from: “i have an idea and good looking power point! give me money!” which is very common these days.. and will prove very good lont term.
Serg: That’s a good approach 🙂 Where did you get the funding to have those 2 years of development?
Berzeck: We had and angel investor in china,
also Chain Factory alone got us 91000+ NULS (36000+ USD ) income last months, considering the very adverse environment it is a great acheivement.
NDEX our decentralized ecxchange will have a lincesned engine that we will offer for white box solution
in general as everything in life the key to success is finding a good balance and compromise of situtations, and the same applies to buisness
we will always offer nuls and nerve as opensource products free.. but products we develop above them may not be free and be source of income
in other words we are not planing for our investors to become opensource martyrs if you know what i mean
Serg: Thank you fot this interesting Introduction. Ready to move forward to the Quiz part?
Berzeck: Ok lets do it!
Serg: Please explain the rules to the community, because it is a new format for them
Berzeck: Here is how it will work, i make a question and you guys answer it, the first answers get a chance to earn the reward (correct answers)
after the ama i will choose winers and post a few hour later
ALSO
please follow our tweeter accounts and telegram as a requisite to earn rewards
and FINALLY some GOOD NEWS!
WE DECIDED TO REWARD NOT ONLY WITH NULS BUT WE WILL GIVE EXTRA NVT !
NOW THE BAD NEWS:
mmm no bad news, lately we dont have bad news…
so lets begin shall we?
Serg: Ok, let’s do it. The stage is yours
PART 2 – Quiz
In this part Berzeck was behind the wheel – he asked questions and opened a chat for a few seconds so the participants could send their answers.
Q1: NERVE: Do you prefer virtual banks or consensus nodes? Why?
A: Virtual Banks – more income
Q2: NERVE: what is NERVE’s disinflation ratio ?
A: 0.822%
Q3: what is Nulstar ?
A: The mircroservices infrastructure used in NULS/Nerve
Q4: NULS: What are the Max supply and current circulation?
A: Max supply : 210M
Circulation: 96M +/-
Q5: NULS and Nerve: Can i write modules in Java, c++ and python?
A: YES you can wirte in any development language you want
Q6: NERVE: How many normal nodes are allowed in Nerve Network?
A: no limit
Q7: NULS: How many Institutions that invested in NULS were announced recently?
A: 8 institutions announced that they invested in nuls… including an exchange in the USA
Q8: NULS: Whats the main difference between PoC (the consensus mechanism used in NULS) and DPoS
A: PoC has and embedded mechanism to punish bad behaving nodes
Q9: If you want to build your customized blcokchain + a web wallet + an explorer but you are not a developer… which tool would you use?
A: Chain Factory
Q10: What is called our own stable coin?
A: USDI
Serg: Thanks for this interesting Quiz
Irina Kravchuk: Yeah, it’s the first time we have the quiz in this format
Berzeck: Yeah thank you for allowing us, it may be weird at first but it will make sense later
(hopefully )
Serg: Ok, we will open the chat now. Prepare your questions.
Part 3 — live questions from the Telegram community
Q1 from Telegram user Darth Vader
For creating smart contracts, why should any developers choose the NULS platform rather than any other blockchain project?
Berzeck: Smart contracts are normally a small part of a complete complex enough application (dapps) so the advanatges is that modules that integrate with nuls can be written in any language, engine is fast, we have 800 – 1000 TPS, and Nerve will have more than 2000 TPS ..
also we are capable to adapt end evolve a lot faster than any other project
we offer direct support from dev team so companies building using our products have a lot more chance of success …
some more
we will focus unitl
july on finsihing Nerve mainnet and NDEX.. after that we will dock
more blockchian projects (that belong to top 10 in market cap) to
Nerve and NULS ecosystem
Defi is just ONE type of
industry where blcokchain will be adopted but certainly not the only
one… if your bussiness process needs tamper resistance and double
spending solution, then blcokchain is the right answer.. so there are
a lot more industries that we will target
BUT DeFi is the
buzz word and Nerve is also designed to target DeFi projects **
Q2 from Telegram user David Prince
In the context of the current bear market. What are the challenges you think NULS will face in 2020 and next year? Could you share with us about NULS’s plan for 2020, such as BD, partnership, development and marketing?
Berzeck: The alt bear market lasted more than 2 years, so instead of cursing crypto gods and crying in fetal position we just used it as opportunity to build unique platform with unique products difficult to copycat.. and now that market seems changing in sentiment we decided its time for letting people know about us.
In other words bear market was just another day in the office for us
The next challenge is that it seems we will endure a rapid growth period (nice problem to have but still difficult to face it correctly) so we need to manage human resources very carefully
Q3 from Telegram user omaha99
Fast transaction speed and high security are indispensable to NULS. How does NULS keep these factors stable at all times?
Berzeck: The project has endured a thorugh internal code audit and when we stabilize features we will get third party audits, still the blcokchian has showed great resilience in these factors.
Q4 from Telegram user MadamLobster
Which equipment and level of technical knowledge i need to have to participate in Nerve Network Public Beta Testing?
Berzeck: Probably your local computer is enough for testing but for final mainnet node requirements are higher
https://t.co/eMlu8ymS8m?amp=1
check this link for more info about beta testing **
Q5 from Telegram user Aldilan (Remaja SMK)
Do you
have mechanisms such as buyback and burning to regulate the demand
and
supply of $NULS, so as to increase its intrinsic monetary
values?
Berzeck: We dont try to manipulate directly the price as this is a bad idea long term, the way we bring value is giving features, unique products and partners, that is the way to grow organically and that’s why our investors trusts us
having said this when we get income from chain factory a predefined part of it burns as a symbolic ritual of appreciation to our customer
** we dont have to
worry about every single project out there that will enter
competition because:
a] we have unique prodcuts that will
complement nerve very difficult to copycat on which we have zero
competitors (as far as we know) like ChainFactory , ChainBox and
SCO
b] WE have built from scratch an infrastructure called
Nulstar that allows us to evovle and adapt faster than anybody else,
so no matter what tech you think your favorite blockhain has now, it
will probably become obsolete in a couple of years anyway and thats
when our architecture will shine
let me put this way:
If Vitalik finds ultimate scalability solution, while he is receiving the Turing award, we will pack it in a microservice and deploy it to our customers months before Ethereum can… in a way its like everybody is working for us if you think about it… and thats our strategy
Q6 from Telegram user Doctor Crypto mangunkusumo
Hello @Berzeck1. I am windows client i want asking about light wallet, especially about mining what is advantage for mining at nuls platform?
Berzeck: We have decent return but what is different than other is that you can stake you NULS on one of our partners ‘nodes’ and you receive our partners tokens and they receive NULS, so its a great way of funding.. check SCO and my answers in Section 1] of this AMA
ALSO we will give the ability to NULS holders to stake in Nerve nodes to earn NVT.. even BTC holders will be able to stake (something that may attract some attention as well)
Q7 from Telegram user Sixsa Kubur
NULS
mission
the statement “Making Blockchain Simpler”
can
you explain how you will completed this mission ???
Berzeck: We built Nulstar that makes life easier for developers as they can develop modules on any language they want, in fact NULS 2.0 has c++ modules and Java modules
we built ChainFactory that allows non developers to build their customized blcokchains with a few clicks and paraneters so they get a node application, a web wallet and explorer ready to use, a cross chain module and also you may be listed in NDEX without paying a fee
chainbox is more powerfull and aimed to developers, in fact we built Nerve using ChainBox, so I could argue its a very powerful tool
Q8 from Telegram user Rohit
The first Nerve app is NDEX. How will NDEX differ from other decentralized exchanges? What benefits it will give to users?
Berzeck: Its very fast, but the idea is to provide our partners with a complete set of tools to start their project and ‘publish’ it early on so they dont need to worry about listing on exchanges or fees, etc.. users will be able to assign value to the projects tokens minimizing costs for projects.. which will attract even more projects. NDEX is the last piece of the puzzle to attract more partners
Q9 from Telegram user Rolex
Now everyone wants DeFi on their platforms. Are you planning to implement this? After all, there is a problem of hacking DeFi, and we remember that in your history there were already problems with hackers
Berzeck: As everything worth something in internet we were targeted by hackers several times, one team succeed partially stealing from a single wallet using an advanced technique, we recover most of funds and perfomed a thorough internal audit and they failed next times they tried, due complexity of the attack we know they know the code pretty well so they invested a lot of time studying it but they failed nevertheless in other attacks.
About DeFi, yes Nerve is also designed for DeFi applications, its very fast and scalable and we also have USDI our stable coin that will be part of the offer +
Q10 from Telegram user Dimas Lavigne
What is
meant by Proof of Credit (PoC) Mechanism? I know, Proof of Work,
Proof of Stake, PoA, etc But what is Proof of Credit (PoC) ?
Can
you explain what’s the benefits of Proof of Credit (PoC) in $Nuls
project?
Berzeck: PoC has these benefits:
1] fast: 800 – 1000 TPS
2] has an embedded mechanism to punish bad behaving nodes .. (come on! you should have read the quiz! )
3] easier to implement complex upgrades
Q11 from Telegram user Sohil Dosani
Why the name #NULS? What is the story behind the name #NULS? what is the logo of #NULS represents?
Berzeck: Was a supposed to be a play of words, : “NULL is nothing, NULS is everything!” the logo was supposed to support this concept
Q12 from Telegram user Satoshi Nakamoto
The first
Nerve app is NDEX. How will NDEX differ from other decentralized
exchanges?
What is the main objective of Nuls in the short and
long term?
Berzeck: About ndex, already answered above
NULS goals is create a blcokchain framework that helps companies reduce costs when mapping their businesses processes to blockchain tech, after all, thats all they care about .. we achieved that with ChainFactory, ChainBox and SCO program **
Q13 from Telegram user Jhoan Zabala
Adoption & Awareness about Platform is very important for any Creator as well as Users! So, What are your plans to attract More users as well as Creators with Non-crypto users too on NULS platform?
Berzeck: We hired multiplied.io marketing company since March and since they are the experts we follow their plan, but in general we had very very good impact with tweeter as main news outlet (probably due its network effect) so we always make a lot of promotions there, we are running 2 or 3 if i remember correctly :joy:… also we already have good articles published in reputable sites like contelegraph, yahoo finance, decrypt and others, and finally youtubbers are starting to talk about nuls and nerve as well
Q14 from Telegram user Zερ | KFC
I’ve noticed that investors can either make investment activity in the secondary market or join the #NULS staking program, could you please explain how the #NULS staking program works.?
Berzeck: For staking you have 2 options:
1] download wallet, login with your address and choose ‘stake’ from consensus menu
2] go to pocm.nuls.io and stake in one of our partners to earn their tokens ifyou find them interesting
Q15 from Telegram user David Prince
Adoption is one of the important factor that all sustainable blockchain projects should focus to be more attractive in the investors’ eyes. What NULS has done and plans to do to achieve real world adoption?
Berzeck: There are 3 variables that give long term value blcokchain projects:
a] developing unique products than nobody else is offering and becoming a first mover (we know what happens with those)
b] attracting projects and companies to build real solutions to solve real problems so we already have a healthy dose
c] attract partners to help enhancing ecosystem (we already have 8 institutional partners and it seems we will have more in the future)
Q16 from Telegram user erza Scarlet
Can you explain the current focus of the Nuls network team, in a broad-sense and in a business sense?
Berzeck: We are focusing to complete Nerve main net and NDEX that will be achieved on July
business sense we invested in marketing and public relations company (multiplied.io ) so they are helping us getting investors, projects and users.
also we offer SCO program and we offer direct free support from development team so they increase exponentially their chances to finish a working product
Q17 from Telegram user Termux Lucky
So bad in quiz and so hard you quest
Berzeck: Quizzes will get harder but for your own good, the more you know about us, the more you will like the project… thats why we changed the AMA reward format (can be considered another innovation 😂
Q18 from Telegram user Rohit
What is the advantage of using multiple programming languages? Do you want to attract the maximum number of developers in your NULS project?
Berzeck: Minimize cost for companies, thats the objective, so they use the manpower they have… cost and income is the only thing they care about so we give them that, thats the core of our buisness strategy in general
giveing free direct support, building ndex so they can publish their tokens for free, chainbox, chianfactory .. helps companies reduce costs SIGNIFICATIVeLY
chainfactory has a
free version but premium modules have cost paid in nuls. we already
collected 91 000 nuls in the middle of pandemic catastrophe so we are
on the right track…
in general products we build above NULS
and Nerve blcokchain may not be opensource so we get income which
will be used to invest in more projects, development and partners
which will bring more income and so on… you get the idea
Q19 from Telegram user Quốc Nguyên
What is the business model of NULS ? How does it generate revenue for development?
Berzeck: Read above
———————————
THE END ——————————
THANK YOU FOR
PARTICIPATING AND (HOPEFULLY) NOT SLEEPING IN THE PROCESS!
:joy::joy::joy:
Final words: I am not asking you guys to rush
and invest your hard earned money in NULS , the only thing I ask is
for you guys check our progress and know a little more about us,
because I am sure sooner or later you will like something you see
HOST: thank you very much for the opportunity, in the future we surely will cooperate again 🤗🤗🤗
Serg: It was a new format for us @Berzeck1 🙂 Thanks for being here with us
Irina Kravchuk: Thanks for your responses @Berzeck1