What Is NULS ChainFactory and Why You Must Try It?

This article was first published on Stories by NULS on Medium
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Back in 2017 and 2018 when the crypto craze was at its height, the blockchain technology was tested worldwide by major banks, fintechs, supply chain firms, and other entities that started to implement it for various use cases. It was a period of trials that were meant to give the distributed ledger technology (DLT) a verdict that would either put it in a basket with successful breakthroughs like artificial intelligence (AI) and cloud or end up like Google Glass or Blackberry.

Today, it’s clear that the technology is here to stay. Moreover, it will play a major role in reshaping entire industries, starting with the financial market. The central bankers’ rush to CBDC implementation is an eloquent example. Nevertheless, it seems that blockchain is still a bit complicated and non-flexible to most enterprises, especially to small businesses and individuals. This is where NULS comes in.

NULS provides an intelligent solution that allows everyone to rapidly and safely create customized blockchains by using ready-made parts called modules. There are several ways to build your own blockchain via NULS, but the most straightforward one is by applying their user interface called ChainFactory.

What Is ChainFactory?

ChainFactory is one of NULS’ flagship products that deserve to be discussed separately. The user interface enables blockchain developers to create new chains using NULS modules that can be picked from a special depot of ready-made solutions. The new blockchains rely on NULS’ main architecture but can be enhanced at any time by automatically adding new modules.

Unlike NULS’ other solution to build new chains, called ChainBox, ChainFactory aims to make the blockchain building process as easy as possible. You don’t have to be a computer geek to build with ChainFactory, as it simplifies the approach to the point where everyone can create a new chain. You ...

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Stories by NULS on Medium

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