Bitcoin and Ethereum have successfully introduced “Peer-to-Peer Electronic Cash System” and “Smart Contract” to blockchains. The industry is evolving rapidly, with emerging application scenarios and busi- ness requirements. For current blockchain technologies, we nd there are three challenges: measure of value, self-evolving capability, and healthy ecosystem development.
Nebulas aims to address those challenges. This white paper explains the technical design ideologies and principles of the Nebulas framework. The framework includes:
Nebulas Rank (NR), which measures value by considering liquidity and propagation of the address. Nebulas Ranking tries to establish a trustful, computable and deterministic measurement approach. With the value ranking system, we will see more and more outstanding applications surfacing on the Nebulas platform.
Nebulas Force (NF), which supports upgrading core protocols and smart contracts on the chains. It provides self-evolving capabilities to Nebulas system and its applications. With Nebulas Force, developers can build rich applications in fast iterations, and the applications can dynamically adapt to community or market changes.
Developer Incentive Protocol (DIP), designed to build the blockchain ecosystem in a better way. The Nebulas token incentives will help top developers to create more values in Nebulas.
Proof of Devotion (PoD) Consensus Algorithm. To build a healthy ecosystem, Nebulas proposes three key points for consensus algorithm: speediness, irreversibility and fairness. By adopting the advantages of PoS and PoI, and leveraging NR, PoD will take the lead in consensus algorithms.
Search engine for decentralized applications. Nebulas constructs a search engine for decentral- ized applications based on Nebulas value ranking. Using this engine, users can easily nd desired decentralized applications from the massive market.
Search multi-type data in blockchain world.
Open-source value ranking algorithm.
Start with your familiar high-level languages.
Ethereum ERC20 standard token.
Attention. There is a risk that unverified members are not actually members of the team
$62 230 000
Nebulas is an impressive project. Its founders, being practiced in creation of blockchain-systems and witnessing current transformations of the architecture, have identified the need for data search across various blockchains. Much like Ethereum enhanced blockchain with smart-contracts, Nebulas intend to make history as the project to enhance blockchains with a search function. Quite ambitious! But the founders and team members have sufficient credentials to make the project seem likely.The roadmap is quite brief (with just 4 high-level goals) as well as Q1 2018 set for Nebulas v1.0 Release. This seems to suggest the team prefers to work without undue noise. Preliminary funding stage was done just as humbly.It’s hard to say precisely how much Nebulas’ solution anticipates the problem, but the project is worth your attention regardless. Pre-sale is coming to an end. It is likely that come December 15th we will see a brief Community Sale that will help the project reach its final target.
The fact that the blockchain technology is still growing every day is a plus that shows that this Nebulas innovation by this company will still be useful in the future. This, therefore, means that you might also get a good return on your investment if you invest in the company. However, it is important that you understand that the choice of investing or not to invest is solely up to you. This Nebulas innovation has the potential to yield long-term benefits.
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