If you go back 20 years ago, computers were still big, we had not yet optimized their volume and cryptocurrency wasn't even in its egg ready to come out. Internet was not as democratized, people who had emails were quite rare and we were still enjoying 2D games, or very basic 3D games that were featured on the 2 main game consoles (along with the Gameboy): Nintendo64 and Playstation. Yahoo was a pretty successful search engine, maybe even the best of the time, before Google came and kept rising up without any real fall until now, putting the likes of Altavista and Yahoo to bed.

I know this can bring back some peaceful and fun child memories to some of you :D

Interesting reminiscence isn't it ? Well probably as interesting as this sad news :

https://www.forbes.com/sites/briansolomon/2016/07/25/yahoo-sells-to-verizon-for-5-billion-marissa-mayer/#4fc76760450f

But imagine if one day we managed to centralize all the data linked with the cryptocurrency coins on one single platform that would be used as a search engine. That's what we're gonna talk about in this post, because that's precisely what Nebulas wants to obtain.

---About the coin

Nebulas was created recently, around early 2017. It had already a pretty interesting value, more than 4 $. It's capitalizing on the fact it's a decentralized platform who wants to provide a search framework for all blockchains. That's why I compared it with Google. Its aim seems to be just the same, but it's crypto-oriented, blockchain-oriented. Google is data-oriented.

After having visited their site, I was impressed, because usually I tend to struggle for information, even to find some relevant sites linked with some altcoins. For this one, everything came quickly. They even put their full team's details, which is quite rare in this world. Everything tells me this is a serious, dedicated team. What I'm gonna tell you confirms it even more. You always want to trust the development team when you think about investing into a coin.

It has been founded by 3 Chinese people in Beiging, and their main founder has already founded NEO coin (also called AntShares) and has also worked at Google previously. He seems to have a lot of experience in that crypto and informatics field as he also created FBG capital which is one of the earliest crypto funds. The other 2 founders also have an impressing background, with diplomas in the computing area and experience in entrepreneurship in this technology-oriented area. The full team in the main office in Beijing are 20 (developers, community managers, financial area, roles are defined well). You can find everything linked with their team on this page:

https://nebulas.io/team.html

Screenshot from 2018-01-25 08-04-07.png

This image tells a lot about how Nebulas has managed to spread its ideas around the world, from Scandinavia to Canada, New York, San Francisco, and Singapore. My intuition tells me it is not gonna stop here.

Now let's talk about the technology of Nebulas, which is again very impressing and accurate. Their site has really been conceived in order to introduce a clear view of their methods, which is again rare in this world. They seem to know where they want to go and how to do things methodically. There are 3 main leitmotiv inherent to their technology approach:

-value ranking

As you know, value ranking is one of the most important operations inside the blockchain. They have an open-source and well-defined algorithm which takes into account many parameters (liquidity, propagation of users' assets, interactivity between users) in order to do the main tasks on the blockchain as ranking addresses or smart contracts. Here is its formula, they even gave it fully, it's based on series and matrix calculus:

-self-evolving

This possibility is probably the most innovative and interesting: self-evolving means Nebulas has been implemented in order to resist any kind of hard fork. It just doesn't need them as it will integrate the new technologies directly thanks to its unique architecture that is shown here:

LVM stands for "Logical Volume Manager". NVM stands for "Non Volatile Memory". These are both key components in order to be as much independent as possible from the hardware as they maximize the possibility to administrate the system without having to change any component, thus offering users the power to pool and abstract the physical layout of component storage devices for more and more flexibility. To sum it up, you don't need to change everything in the hardware if there's the need to do it; you can just implement from the software layer, by programming. I tried to explain it in a simple way. If you want more details, here they are:

https://www.digitalocean.com/community/tutorials/an-introduction-to-lvm-concepts-terminology-and-operations

-incentive

The DIP (Developer Incentive Protocol) is a motivating way to get users to optimize the quality of the applications they create when they interact with the blockchain. Indeed, they are being rewarded for it with NAS (Nebulas coins).

Here is an example of DIP results. You can see the users' addresses and the description of the contract that has been created.

Last but not least, they are hiring too ! You can even try your luck there, as they are looking to improve their teams, add more talent. Jobs are in the engineering, design and marketing fields.

https://nebulas.io/jobs.html

Here is another interesting link about this project and the events (conferences, etc.) organized soon:

https://www.gbbcouncil.org/event/blockchain-for-business-during-berkshire-hathaway-week

Last but not least, it is already ranked 77 (among more than 1450 coins) and if you're looking for it, I think the best way I've found so far is YoBit exchange.

---Evolution

Screenshot from 2018-01-25 06-50-02.png

At its very early phase it stayed during a few months at 4-5 $, then around October 2017 it quickly fell down to 1.8. You can also notice the fact the marketcap of this coin stayed at 0 $ until November 3rd, this is probably when they released their coins.

Before Christmas it managed to reach about 2.7 $. Something I can't explain is the fact the marketcap goes back to 0 at this point, until January 12th 2018. Maybe it's planned, maybe it's their way of building it, limiting exchanges during some periods. I don't know more about it for now.

It managed to climb to almost 15 $ on January 10th, then it was the beginning of some impressing fall. It fell until about 6.5 $ during last week's crash that affected every single coin. But since then it has recovered pretty well as it is now at 11 $.

---What I think about it

Obviously I like this coin. I trust it, I trust its team, its technology, their methods. I was rarely as optimistic about an altcoin. But you just have to see their background to be impressed. They seem to know what they're doing, and the project is not something that is likely to end up nowhere. We really need some search engine for coins, we have to admit it. If they keep on with the same pace and attitude, it will be really complicated to stop them. I may be biased because of Google's success and the fact I admire it, but who doesn't know Google ? Who doesn't know its success ?

If they can manage putting their hands on the search engine market for the blockchain and the coins just like Google did it with the Internet data around 2000, I don't see any reason that would make them stop growing and developing into something even more interesting. I clearly recommend this coin as it is my first gamble on my altcoin list to get and just hold. It can really burst.

Maybe until now there wasn't such a high factor of profit but it's one of the highest potentials I have seen until now ! I'm not saying it will definitely burst, but I see its value increasing significantly in the years to come, maybe even in the months to come. It's harder to predict at which speed it will happen, but I definitely trust this project. Trusting a project behind a coin is the key to trust the coin itself, never forget it. And keep this in mind: always expect the best, but be prepared for the worst ! :D

That's it ! Thanks for your attention ! I will be back soon with more of the same kind ! Stay crazy and keep making fun of life instead of letting it make fun of you :D

Always expect the best, but be prepared for the worst ! :D

MY CRYPTO-RELATED POSTS SO FAR : HAVE A LOOK IF YOU ENJOYED WHAT YOU SAW !

MY SOUNDCLOUD PAGE FOR EDM LOVERS AND MUSIC ENTHUSIASTS

https://soundcloud.com/user-845067406/hydrogen (with the most successful creation I believe, but you can also take a look at the others)

Screenshot from 2018-01-14 09-28-14.png

THE TAGS I USUALLY POST IN: CHECK THEM OUT ! HAVE FUN ! LIFE IS ONLY ABOUT FUN ! :D

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steemitboard (66) · 7 years ago

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loonyfool (51) · 7 years ago

Thanks a lot @steemitboard ! Be sure to expect more from me :D

echowhale (60) · 7 years ago

@echowale team swimming by with your upvotes

Thanks a lot @echowhale !

coin.info (44) · 7 years ago

Coins mentioned in post:

Coin		Price (USD)	📈 24h	📈 7d
FUN	FunFair	0.101$	-0.33%	0.62%
LIFE	LIFE	0.002$	5.49%	3.57%
MUSIC	Musicoin	0.039$	3.18%	-17.51%
NAS	Nebulas	10.640$	9.37%	28.96%
NEO	NEO	139.187$	11.27%	-2.51%

loonyfool (51) · 7 years ago (edited)

@originalworks

Nebulas: the next "blockchain-Google" ?!