Posts in Category ‘Nebulas’

Nebulas Coin – “The search engine” of blockchains?

Nebulas Coin is supposed to become the search engine of blockchains. But not just any search engine as we already know it from Google, Yahoo etc.. Instead, Nebulas searches specifically for blockchains and their contents. In addition, the blockchain also has expandable Smart Contracts. But what exactly this crypto currency is all about can be seen in the forecast.

Nebulas Coin and the Ethereum code

Everipedia writes : Nebulas is an incentive-based, self-developing Ethereum code blockchain system with “a decentralized platform that provides a search framework for all blockchains”. The Singapore-based Nebulas IO Foundation developed a search engine and an emerging smart contract capability in 2017 – things that are currently not possible on Ethereum code.

The Nebulas Coin, or NAS for short, is a token that hasn’t had much functionality yet. The actual platform is the focus of development. The Nebulas token functions as a storage unit that can be sent via the platform. The token is also used as an incentive for developers and accountants. The coin will also be used for decentralized applications (DApps for short). Smart Contracts will be upgraded and modified with them.

The main function of the Nebulas platform is the search engine. However, the search engine should not simply be used to search for any terms. The search engine searches the blockchains for smart contracts, DApps, user assets and other information contained in the blockchains. Nebulas is supposed to help you find out which decentralized applications actually exist and what information is available about them.

This is not the only function of this platform, Nebul/as Rank should be able to measure the universal value of the blockchains. This should make it possible, for example, to compare the DApps found by the search function with each other. The value is measured by the liquidity, frequency of use of the DApps and the interactivity between the users. Nebul/as Force should help the developers to make changes to the blockchain and decentralized apps without having to perform a hard fork (a separation of the blockchain from the mainchain). This could save some developers headaches and makes the platform much more flexible.

Nebulas Coin on

Proof of Devotion and Developer Incentive Protocoll reward developers and users for their activity with NAS Coins here english. Proof of Devotion turns active members into bookkeepers. They can earn a share of the fees and also receive rewards from mining. For this they have to deposit their coins as a deposit. And finally there is the Lightning Network. With the help of this network, you can send coins from the Nebu las Wallet within a very short time. In total, there should be 100 million NAS coins. From 2019, 3 percent of the available amount is to be newly created each year until 100 million NAS have been reached.

The development is driven by the greats of the Chinese cryptoscene. The founder is Hitters Xu, who is also behind NEO, a crypto currency formerly known as AntShares. He also founded BitsClub, the first blockchain community in China, and ICO 365, a popular platform for initial coin offerings. He also worked for Alibaba, supporting the company with the Ant Financial’s Blockchain Platform, and joined Google’s Search & Anti-Fraud team.

Robin Zhong is one of the co-founders and also worked on the Ant Financial’s Blockchain Platform. He is also the founder of the first blockchain platform in China, Tongxinclub. Aero Wang also participated in AntShares. He is an influential entrepreneur in the field of crypto currencies. Chief developer Duran Liu previously programmed at Google, FreeWheel and IBM.