NULS blockchain, which focuses on adapting blockchain solutions to decentralized applications, is moving on with its new initiative of endorsing node and stakers by defining two incentives pools as it moves on successfully adopting $BTC and $ETH as mainnet gas fees making it one of the most efficient blockchain ecosystems for developers and contributors.
What Does This Mean for NULS Contributors?
The proposal focuses on creating two distinct incentives pools which will cater for the stakers and the node operators, thus aiming at increasing the NULS ecosystem absorption. By tokenizing the rewards in the form of Bitcoin and Ethereum, NULS makes it possible for the contributors to be rewarded in some of the most desired and liquid universal assets. This is a positive change that improves the welfare of the contributors but also enhances the security and decentralization of the network.
1. Incentive Pool for Nodes
Node operation is an important part of the NULS network maintenance and security. And this process is not that simple as it includes financial aspects, in terms of hardware, electricity, and time. The new incentive pool has been created to provide some node operators with Bitcoin and Ethereum rewards in order to alleviate these burdens. This, in turn, should entice more of the participants to become nodes, enhancing the overall decentralization of the network and its overall effectiveness.

With BTC and ETH as incentives to become nodes, NULS takes advantage of the usage and liquidity of these top coins so as to get node operators. Contributors have to either stake their rewards and reap the benefits after some time or trade them with ease on Exchanges. Receiving BTC and ETH rewards as well, adds a level of prestige and trustworthiness to the NULS network and thus let’s the broader blockchain audience know that NULS values its longevity and growth.
2. Incentive Money Pool Allocated to Stakers
Stakers are considered to have an important role in the NULS network as they are the ones who will delegate their tokens to help secure the network and validate the transactions. The new incentive pool for stakers is focused on allowing these stakers to be paid with Bitcoin and Ethereum in regards to their participation efforts. Staking is the most casual form of aiding a blockchain network and this proposal makes it more so.

Bringing on board BTC and ETH as rewards does not only provide an extra payment incentive but also helps to increase the stakers’ asset portfolio. This may help in encouraging even more people to stake their NULS tokens thereby increasing the decentralization of the network and its security. More stakers mean more competition for the opportunity to validate a block which is good for the overall integrity of the network.
Why This Proposal is Important to NULS
NULS has already received media attention for including Bitcoin and Ethereum as its mainnet gas fees, a unique strategy that many other blockchain platforms do not use. NULS is combining BTC and ETH in its reward system which will help in expanding its ecosystem because of those assets’ popularity and value. This proposal fits with NULS’ overarching purpose of promoting a decentralized platform powered by the justice of the community, while providing additional value to the network’s participants.
Going further, this proposal is in line with the recent trend that is emerging within the blockchain space where many cryptocurrencies are integrated into one platform to make it more functional and more attractive to the users. In allowing the contributors to be paid in BTC and ETH, NULS becomes a credible contender among those who want a platform that is new and rewarding.
The Lasting Effect on the Ecosystem of NULS Network
This proposition may be a game changer for the NULS network. It is also recommended that NULS mint some asset like Bitcoin and Ethereum and reward its masternodes and stakers. As a result, the ecosystem can build a large diverse group of stakeholders. An increase in the number of nodes and stakers leads to greater levels of decentralization, better security, and better efficiency of the network. There are crucial for any blockchain network that seeks to expand reach and grow the number of dApp developers and enterprise partners and users.
In addition, this proposal will improve NULS’ standing in the rest of the Cryptocurrency World. By making such rewards redeemable against Bitcoin and Ethereum, NULS reinforces its credibility of being a next-generation network that can work with the best assets in the market.
Conclusion
The introduction of two incentive pools rewarding Bitcoin and Ethereum to NULS nodes and stakers is yet another step change that makes NULS a leader in blockchain development. As the network security and stability as well as future contributors become better NULS not only returns to its contributors highly attractive and liquid assets. This proposal cements NULS as a flexible and an innovative blockchain platform that is ready to expand and even more widely used later on.

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