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Decentralized platform enabling data searches on blockchains
Nov. 16, 2017
Dec. 16, 2017
ICO is over
Nebulas is a distributed framework (search engine), that allows users to search for information on various blockchains and automatically sort it according to chosen criteria (Nebulas Rank). The search can process addresses, smart-contracts, distributed applications (DApps) and other entities.
When describing the problem, the Nebulas team stresses that with each day the number of distributed systems grows larger. Most of them, as a rule, tend to create and store data on blockchains or in associated data silos. There was a time when there existed only a handful of such application, but this number has since grown to several hundreds, which makes a Search Engine a necessity.
Transactions on Nebulas will be using the NAS utility token. The upcoming Community Sale will sell 30% NAS tokens, with 35% reserved for the development and incentivize smart-contract and DApp developers.
This project’s qualified team of around 15 people is lead by founder Hitters Xu, known for projects such as Neo and BitsClub.
Project co-founders are Robin Zhong, previously an architect for Ant Financial’s Blockchain Platform and Aero Wang, who took part in OpenIP and IP Community projects.
Other Nebulas employees aren’t newcomers either, and bring experience from companies such as Alibaba, Airbnb US, Google, IBM, CBN, Dolphin Browser, etc.
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.
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.
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