The open-source, enterprise-grade blockchain solution “NULS” has announced that one of the team’s accounts was compromised by a group of hackers and around 2 million NULS tokens, that worth around $474K were stolen.
*Security Update* pic.twitter.com/GN41agKgi1
— NULS (@Nuls) December 22, 2019
According to the announcement, NULS will be hard forking to destroy the stolen coins.
What is NULS Project?
NULS is a global blockchain open-source project which is a highly customizable modular blockchain infrastructure; it consists of a microkernel and functional modules. NULS provides smart contract, multi-chain mechanism and cross-chain consensus. It aims to break the technical barriers of blockchain, to reduce the cost of development, and to promote the usage of blockchain technology in the commercial field.
NULS blockchain utilizes POC (Proof of Credit) consensus that is similar to POS (Proof of Stake) which requires locking a certain number of coins to run a masternode to earn a passive crypto income.
The required coins for masternode are 2000 NULS coins which are worth around $485.
NULS USD Price Chart
*Charts data were provided by CryptoCompare
