Nebulas | $NAS | Google for the Blockchain

by birtanpublished on September 30, 2020

hey guys welcome back to my channel
first off I want to thank everyone for
liking subscribing and sharing my
content you guys rule and I appreciate
the constant love and support today's
video will be about nebulous I remember
there being a lot of buzz about it
during its ico but I didn't know
anything about it so I chose to do some
research quick disclaimer I'm not a
financial advisor all investments have
inherent risk please do your own
research in the spirit of transparency I
do not own any nebulous if you like my
t-shirt and you want to pick one up you
can go to the merch section on my
website or if you'd like to support my
channel you can become one of my patrons
I'll leave all the links down below for
everything and please hit that like
button and that subscribe button if you
have not already today's video is going
to be about nebulous blockchain
technology and the crypto space as a
whole is getting more complex and more
involved with each new project that's
coming out we have a loads of
decentralized applications also known as
daps smart contracts new currencies and
all kinds of innovative projects that
are constantly being created when the
internet began hundreds of thousands of
websites started popping up and early
adapters could visit those sites by
typing in a web address but soon people
wanted to know what else was out there
that maybe they didn't have the direct
address – and that's how search engines
came about nebulous – striving to solve
a problem that we will likely be
experiencing in the near future but we
may not be experiencing quite yet let's
start with the team the nebulous
platform was built by a team of 14
members the CEO hitter Zoo is a former
director of Ants financial blockchain
platform alibaba's financial arm and
part of Google search and anti-fraud
team since 2013 hitter's has founded
bits Club the very first blockchain and
Bitcoin community in China
ICO 365 one of the largest ICO platforms
and FBG capital one of the earliest
crypto funds he's also one of the
founders of neo you know a small project
that you may have heard of Robin Zhong
is the co-founder of nebulous and the
former head of ant finance department he
also previously worked for the Dolphin
Browser Aero Wang is another co-founder
of nebulous as well as neo he is the
initiator of open IP and the IP
community he's a self-proclaimed serial
entrepreneur and the blockchain industry
let's move on to the ICL the nebulas
Priscilla started on December 1st 2017
and in just over two weeks they had hit
their hard cap of 60 million out of the
hundred million available tokens 30%
were sold during the pre sale and
CEO price was one nebulous token to two
dollars in USD the remaining 70% of the
tokens were broken up as follows 10% for
the initial funding round 5% for the
nebulous foundation 35% is kept in the
community reserve and the final 20% is
for the team in the advisors important
note to mention is that the team tokens
are on a three-year vesting schedule up
next is technology the nebulous coin is
a utility token meaning users of the
nebulous ecosystem will use these coins
to pay for transaction fees within the
ecosystem and pay for computing services
since moving to their main net they
state that they can handle up to 2,000
transactions per second nebulous uses a
proof of devotion or p OD consensus
algorithm I'd never heard of this before
so I'm going to quote directly from the
white paper here for accuracy p OD gives
an influential user on the nebulous
blockchain an opportunity to become a
bookkeeper and receive nebulous BOC
rewards and transaction fees as revenue
this will encourage them to contribute
to the stability and a security of the
negatives blockchain on a continuous
basis users with nebulous ranking values
higher than a specified threshold may
take part in the bookkeeping selection
procedure they'll do this by paying a
security deposit through virtual mining
each bookkeeper candidate competes to
earn bookkeeping rights users with
bookkeeping rights are responsible for
block generation and in return received
block rewards and transaction fees as
revenue if any user behaves in an
inappropriate fashion the users security
deposit will be confiscated and
reassigned to another bookkeeper
candidate I may be oversimplifying here
but it sounds to me like perfect
devotion is very similar to delegated
proof of stake nebulous has stated that
they are decentralized platform which
provides a search framework for all
block chains the nickname for this
project is the new Google while the two
are very similar in purpose they hold
two very different use cases Google is
intended for day-to-day Internet
information searches will nebulous aims
to provide a platform for searching and
finding the most appropriate gaps smart
contracts and blockchain assets for each
individual user the major components of
this project of a nebulous rank or n are
the nebulous force or NF the developer
incentive program or dip and the search
engine for decentralized applications
the nebulous rank it sets up a
standardized measure of value for
components on the blockchain think like
Google's PageRank nebulous rank measures
values according to three
characteristics liquidity this comes
down to transaction frequency and scale
essentially the tokens that are
transacted in the highest volume will be
valued at the highest
propagation
is important to differentiate between
liquidity is it widespread or is it just
coming from a few users that's a better
indication of true utilization
interoperability on the blockchain there
will be more information abusers assets
smart contracts and gaps and also there
will be more frequent interactions among
them this makes interoperability really
important think the more connected a
node is to the rest of the nodes on the
network the more interoperable it is and
the more connected the higher the
ranking nebulus force this provides a
nebulous blockchain and it's distributed
applications built on top the capability
to self evolve but nebulas forced
developers can update the protocol
preventing divides in the community and
preventing Hart Forks the developer
incentive program was designed to build
a blockchain ecosystem in a better way
the nebulous token incentives will help
top developers to create more valuable
applications in nebulous search engine
for decentralized applications nebulous
constructs a search engine for
decentralized applications based on the
nebulous value ranking using this engine
users can easily find desired
decentralized applications from the
massive market by providing the
blockchain a search engine the nebulous
ranking system will allow users to
locate gaps and smart contracts for
example let's say that you're looking
for adapt like crypto kitties and
there's a lot of other similar apps out
there right now so the nebulous search
engine would use the data from multiple
locations and their ranking system to
locate the app that's most likely to be
the one that you're looking for that
brings us to present day currently
nebula sits at number 50 on live coin
watch or the market kept value of 207
million if you're interested in buying
nebulous you can get it on hoo-boy
finance and okx the circulating supply
is forty five point five million tokens
and the total supply is a hundred
million tokens on march 30th of 2018 the
nebulus maintenance formally launched an
enabling oh was officially released they
now have a mobile app which can be found
on the Google Play Store as well as the
Apple App Store they also have a web
wallet but you have to go on github to
set it up I personally use the mobile
wall and it's very easy to set up and
it's very easy to use on May 22nd there
token swap started from the ERC 20 na s
tokens to their main net tokens it was a
one to one swap the team requested that
people leave their tokens on either
hoo-boy or the gate exchange the first
season of their incentive program just
ended the nebulous incentive program was
created to encourage people to build on
the nebulous blockchain
this program consists of two streams the
developer incentive global developers
are invited to build projects on top of
the nebulous blockchain and then
we'll be rewarded in na s tokens and
then they have the referral incentive
this is a program in which refers who
successfully invite developers to the
ecosystem will also be rewarded in and I
ask tokens the season just ended on July
2nd and nebulous was offering weekly and
monthly rewards first place for the
weekly rewards received 10,000 na s
which is around 70,000 in US dollars the
top monthly reward was 20,000 na s which
is around 140 US dollars that's a pretty
amazing incentive if anyone is
interested in participating in their
Developer Program
I left the referral link down below you
guys should go sign up under their
partners most of the companies that have
partnered with nebulas are companies in
which their co-founder acts as an
advisor the organization's also offer
services relevant to na s loop ring for
example is a decentralized platform that
aims to become the financial system of
the future bits club and FBG capital or
organizations that are founded by zoo
their advisors in addition to having a
very well-versed team nebulus has a long
list of distinguished advisors Edith
yung is one of the team's advisors and
she's a Silicon Valley lead investor
she's partnered with 500 different
startups and her contribution to the
nebulous platform is immense considering
she's a lot of connections in Silicon
Valley coming up to look forward to the
nebulous team has not yet implemented
their proof of devotion algorithm
they're planning to have it completed by
q4 of 2019 well that may be a ways away
we also have to realize that good
innovation takes time in q4 of 2018
they're expected to have the nebulous
rings for each address on the nebulous
ecosystem this will help users and
developers and finding more value in the
ecosystem out of the pros so the
nebulous ranking system may be the first
to integrate search engine capability
into the blockchain this concept is
really cool and I think it's definitely
one of those things that we don't know
we need yet but will be extremely useful
when we do nebula supports javascript
for smart contract development making
the entry level easy for all developers
and they have a really strong team with
a lot of experience in the space onto
the cons the nebulas protocol is only
modifiable by the nebulous core
developers although this isn't really a
negative I wouldn't call the platform
self evolving it's definitely a limiting
factor and it's a centralization factor
the protocol updates will be applied via
a hard-coded signature into the Genesis
block and this means that there's a
potential for network compromise final
thoughts nebulous is an impressive
project they've a strong team and
they've chosen to focus on something
that doesn't exist yet in the crypto
space and to me that is hugely important
the project is very
and I still have a lot to deliver to the
community the roadmap is pushing out
till about 2019 however I do think the
project is strong and will have a bright
future all right guys that about wraps
it up for me today as usual I want to
thank everybody for watching please like
please subscribe if you haven't and I
will see you all soon

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