Chinese company building a decentralised search network
Headline
Blockchain DApp Store
Advantages
- Strong team (ex NEO, ex FBG)
- Strong vision
- Strong deep technology
What is it?
Nebulas is a decentralised search network
Nebulas is building a ranking algorithm similar to Google’s PageRank which provides a fair ranking for users, contracts and DApps
Nebulas is building an upgrade feature for applications on the blockchain. Base protocols will achieve upgrade through addition of data. Smart contracts are upgradable through cross contract access to state variables
Nebulas is building a Blockchain application ecosystem. For example: Ethereum based applications can run on Nebulas with zero migration cost
Nebulas products include: Nebulas smart contract search engine, Nebulas Trends, Keyword query
Why is it Important?
(1) Measure of value
- The blockchain world needs a universal measure of value to measure the value of users and smart contracts
- Upper layer applications can be built on this universal measure of value to seek deeper value
(2) Self-evolving capability
- Unlike common software, the decentralised blockchain system cannot enforce users to upgrade clients and protocols.
(3) Healthy ecosystem development
- A sound ecosystem becomes the key to better user experience
- When the number of blockchain Apps reaches that of Apple App Store, how to search and find expected Dapps will become challenging
Core technology
(1) Nebulas Rank
Measures value by considering liquidity and propagation of the address
Tries to establish a trustful, computable and deterministic measurement approach
(2) Nebulas Force
Supports upgrading core protocols and smart contracts on the chains
Provides self evolving capabilities to Nebulas system and its applications
Developers can build rich applications in fast iterations
(3) Developer incentive protocol
Designed to build the blockchain ecosystem in a better way
(4) Proof of devotion consensus algorithm
Speediness, irreversibility and fairness
(5) Search engine for decentralised application
Search engine for decentralised applications based on Nebulas value ranking. Using this engine, users can easily find desired decentralised applications from a bigger market
Valuation
- Low circulating market cap: less than $100m
- Potential circulating market cap: $1bn+
Summary
- This is a high quality blockchain project
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