The Nolus Protocol — Under The Hood

<h1>Introduction</h1> <p>So far, the growth of Decentralized Finance (DeFi) has stemmed from the creation of new blockchains and protocols that are not interoperable. These large monolithic networks have caused liquidity within crypto to be fragmented across each ecosystem, resulting in the majority of protocols operating in a &ldquo;silo&rdquo;. In order for DeFi to reach the conflicting point of mass adoption, these protocols must be able to communicate and transact, irrespective of what blockchain they are built on.</p> <p>At Nolus, we believe in a blockchain-agnostic DeFi future, and we are strongly positioned to advance forwards with the next major frontier of Web3 development.</p> <h1>Nolus: Built on Cosmos SDK</h1> <p>The Nolus Protocol runs on an independent, application-specific blockchain utilizing the Tendermint Core &mdash; a blazingly fast Proof-Of-Stake consensus algorithm with built-in multi-chain interoperability delivered by the Cosmos SDK. This provides 3 major benefits:</p> <ul> <li>Transactions can be as cheap as $0.01;</li> <li>A censorship-resistant experience with self-custody of funds;</li> <li>Inherit the Cosmos blockchain&rsquo;s robust infrastructure that is interoperable with other decentralized networks on IBC.</li> </ul> <p>The protocol logic is developed in Rust and executed within the isolated sandboxing model by CosmWASM. This enforces robust security and multi-chain compatibility, where each user can initiate a Lease contract.</p> <p><strong><a href="https://medium.com/nolusprotocol/the-nolus-protocol-under-the-hood-e620bf94c626">Visit Now</a></strong></p>