Source: Ambcrypto, originally published on .
On 12th July, NULS, a global blockchain open-source project announced its partnership with Bitmain. Liesa Huang, the new CEO of NULS made the announcement during a conference held in Beijing.
The partnership with this ‘biggest Bitcoin mining hardware manufacturer’ focuses on the cross-chain development and other joint partnerships in the future.
The cross-chain technology refers to technologies that can be used for various kinds of interactions across different blockchains. The most popular implementation of cross-chain technologies is atomic swaps, a theoretical technology that could lead to transactions between two or more blockchain.
Liesa Huang, the CEO of NULS said:
“NULS received a strategic investment from Bitmain and we will use this to work on cross-chain development and other joint projects in the future.”
The team also made the announcement on their Twitter handle:
“Yes, you heard right! We have strategically partnered with Bitmain and will be collaborating in the future with development of cross chain technology.”
NULS is a highly customizable modular blockchain infrastructure which provides a smart contract, cross-chain consensus and multi-chain mechanism. NULS proof-of-credit is connected through the cross-chain consensus modules. The architecture of cross-chain and proof-of-chain is built such that it provides high scalability and rapid value transmission.
Bitmain is a Chinese ASIC chip producing company and the largest Bitcoin mining pool around the globe. Recently, the company completed the Series B funding round and is currently valued at $16 billion. In addition, the company also has over 38% share of the Bitcoin blockchain’s hashpower and holds over 48% stake of ViaBTC.
NULSKing, a Twitterati says:
“The King approves this partnership! To the moon and beyond!”
Bitking74, a Redditor says:
“Although I don’t really like Bitmain too much, I have to say that this is a super strong partner.”
SelectReplacement, a Redditor says:
“It gets bigger and bigger.”
The main agenda of the conference was to celebrate the NULS main-net and saw a turn over of 300 delegates. Along with the Bitmain partnership, the CEO of NULS announced more collaborations. NULS will be funding PRISM, the first large-scale project, and a collaboration with Dengfei charity foundation. Moreover, a new NULS technology research department was announced, along with the other more projects.
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