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Nebulas Fully Discloses Development Process and Budget Information

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Nebulas Fully Discloses Development Process and Budget Information
Source: Nebulas

On March 25th, the Nebulas team launched the community collaboration platform, ‘Go Nebulas‘. As the primary intention of ‘Go Nebulas’, the community will be shown a comprehensive, detailed overview of all Nebulas related projects; from the development process to project budgets.

Shortly after release, over 80 projects, in various phases of development, have been listed on the ‘Go Nebulas’ platform. The variety of listed projects cover every aspect of project management, including mainnet development, ecosystem tools, research projects, ecosystem development, and marketing/promotion. Each of the listed projects shows detailed information, such as project members, cycles, budget, and progress. Based on the Nebulas native asset ‘NAS’, the budget of all listed projects ranges in value from hundreds of NAS to tens of thousands.

As publicly stated by Nebulas co-founder, Aero Wang,

“We feel that transparency is the first step to true community organization and self-governance. Therefore, via the ‘Go Nebulas’ project collaboration platform, Nebulas is prepared to show itself to the entire blockchain community. This means that existing development work, organizational structure, project budget, and project progress will become completely transparent to the community. In fact, the community is invited to jointly supervise all endeavors.”

While the entire blockchain community has undergone drastic changes for over a year now, Dapp competitions have gradually slowed down and asset bubbles have largely eroded the trust of investors for the entire blockchain ecosystem. Whether transparency and community governance could re-energize existing users and restore confidence to the community and whether Nebulas could realize its commitment in remaining transparent and open to the community is a worth noting issue for the entire industry.

To learn more about Nebulas visit the official website here and Go Nebulas. You can check out the Community Forum. We also have a social media presence across Telegram and Twitter.



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Press Release

Are Blockchain Casinos on the rise?

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Are Blockchain Casinos on the rise?
Source: Pixabay

Over the years, the online casino industry has gone through many changes with new technology allowing for better payment methods and software on the sites. One of the newer additions to online casino sites is blockchain and sites that use this.

Here, we are going to discuss whether we think that blockchain casinos are on the rise or not. Keep reading if you’d like to find out more about these casino sites.

What Is A Blockchain Casino?

Blockchain technology is essentially a system that allows digital information not to be copied when it is being distributed. This technology originally started out as a method for Bitcoin which is a cryptocurrency and now is present in many online casinos. Blockchain was first invented in 1992 and since then it has come a long way.

A blockchain casino is a safe and secure casino that uses this special technology to pass the information on. There are many new casino sites that are already using blockchain technology but is the number of these still rising?

Why A Blockchain Casino?

You might be wondering about the advantages of blockchain casinos and why many casino operators are making the switch to this technology. The main reason for this is that there are many advantages to using this technology. Firstly, there is more transparency and trust and there is also a reduced risk of fraud.

This is something which is very important to many players at online casinos as they want to make sure that they are not passing their details onto a company that is going to sell it on.

When a casino uses blockchain technology, they can also allow players to make payments with cryptocurrencies like Bitcoin which are becoming even more popular in recent years. Of course, there are many other advantages of using a blockchain casino both for the player and the operator. For this reason, we have seen a rise in the number of blockchain casinos online right now.

Issues With Blockchain

There are some minor issues with blockchain casinos that operators are working hard to resolve as soon as possible. The fact that it is new means that there are some general infrastructure issues and the transactions can go through a lot slower than some players would like. Of course, these issues are set to be resolved sooner rather than later.

The Rise Of Blockchain Casinos

From the research done by companies interested in blockchain casinos, it is clear that these casinos are on the rise. In the first quarter of 2019 alone, there was $1 billion of TRON cryptocurrency gambled online. This is a lot of cash and it shows that players are not afraid to try out this new type of casino when it comes to spending their own cash.

Research also suggests that this income came from over 432,000 users which are a lot more people than it would have been in the past when this technology was first invented.

Of course, it is also important to note that the online casino industry is growing at the same time as the popularity of blockchain casinos. It is expected that the online casino industry will earn more than $50 billion this year which is a lot of cash.

With more people playing online in general and the technology improving so much – it is expected that blockchain casinos will become even more popular as time goes on.

Final Verdict

It is clear that blockchain casinos have been on the rise for a while now and they don’t plan on stopping any time soon. As the technology gets more advanced and players can be sure that their details are going to be kept safe, these casinos are set to become even more popular.

On top of this, online casino regulators can rely on technology when it comes to ensuring casino operators are sticking to the regulations. Look out for the rise of blockchain casinos as time goes on and more casino operators start to make the switch to this technology.

We expect more payments being allowed in Bitcoin form as well as the other cryptocurrencies that are gaining a bit of momentum right now.

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