NULS is the latest in a series of blockchain projects to join the Flipside Data Cooperative – a transparency initiative for partner networks to showcase their on-chain activity publicly.
“Our strategic partnership with Flipside Data Cooperative demonstrates NULS momentum in delivering transparency and value to our developers, users and investors,” said Berzeck, NULS Western Regional Director.
The public release provides unparalleled insights and data into NULS’ health as a project.
Community members can now watch all NULS token flows in real time; understand how users are interacting with NULS’ cross-chain capability; and view how much of the active supply is being staked over time. The on-chain activity of validators, top holders (activity for addresses that control over 350K NULS), and less active wallets can be discerned separately.
Benchmarks are also provided to compare NULS’s median on-chain volume, transactions, and unique addresses to more than 50 blockchain networks that are monitored by Flipside. NULS’s metrics show a higher than average number of daily unique addresses and transactions, which reflects its very global and active community.
“We started the Flipside Data Cooperative as an initiative to bring more transparency to the crypto space, and NULS was one of the first projects to jump on board. From the very beginning, their team has been dedicated to using our insights to increase decentralization and community leadership. We are thrilled to be partnering with them to further their efforts in fostering trust and collaboration with their users.” – Dave Balter, CEO at Flipside Crypto.
NULS is a blockchain platform that uses a delegated proof of stake system (DPos) to secure its network. Its goal is to connect siloed blockchains together, and bring interoperability between them. To do so, the Nerve network lives on top of the NULS blockchain. This allows users to transfer major cryptocurrencies like Bitcoin and ERC-20 tokens.