Nebulas is a continually self-improving blockchain platform built for the future of the industry as a whole. It features revolutionary components such as Nebulas Rank, a ranking system that functions as a native measure of value, and Nebulas Force, a system that allows the blockchain to improve itself at a low-level scale.
It also functions on a new consensus algorithm known as Proof of Dedication, which curbs monopoly in bookkeeping by awarding bookkeeper privileges through probability. It is also interoperable with Ethereum smart contracts for maximum reach.
The native token of the Nebulas ecosystem is known as the NAS token, which provides asset liquidity among users. It is also used as an incentive for the PoD bookkeepers on the blockchain. Just like the Ethereum blockchain, it charges NAS as a calculation fee for running smart contracts.
Recently, Nebulas has been striding forward with many announcements, partnerships and updates. Here are a few:
NAS Nano released on iOS and Android:
Nebulas’ wallet offering known as the NAS Nano was released on the iOS and Android platforms on May 25th. This allows users to manage their digital assets from their mobile devices. It features an easy-to-use interface, and boasts of features such as the ability to quickly and easily create, import, and manage wallets, and to check transaction progress in users’ wallets. It has 3 kinds of wallet backups, including mnemonic, keystore and a private key backup.
It is worth noting that the NAS wallet only supports the NAS mainnet and not the NAS ERC20 token. It also does not support the token swap.
On May 31st, the NAS wallet got an update which involved the addition of a dApp store. Users can now find and access hundreds of dApps from the Nebulas Incentive Program. As of now, 3000+ dApps have been launched on the Nebulas platform. This is already more than the number of dApps on Ethereum.
Nebulas add support for Verifiable Random Functions:
The support for Verifiable Random Functions was added to Nebulas on May 29th. This feature allows for the generation of fair and secure randomness and is widely used in video games for Random Number Generation. Nebulas added VRF to make it easier for developers to build dApps and smart contracts. It is now extremely easy to generate randomness on Nebulas.
Nebulas selected by China’s MIIT:
The CCID blockchain institute under China’s Ministry of Industry and Information Technology has selected Nebulas as one of the 30 products to include in their index. The index in question is known as the Global Public Chain Technology Evaluation Index. It will be released every month to evaluate various public blockchains. They will be evaluated on 3 criteria, namely, Basic-Tech, Applicability and Creativity.
Partnership with DeepCloud AI:
Keeping in mind their philosophy to expand the Nebulas ecosystem, Nebulas have introduced DeepCloud AI as part of their blockchain incubator program. DeepCloud AI combines Artificial Intelligence and blockchain to create AI-driven decentralized cloud computing platforms.
It will leverage Nebulas’ Nebulas Rank system and Developer Incentive Protocol to democratize cloud computing. DeepCloud is competing with existing cloud-computing service providers such as Amazon AWS and Microsoft Azure.
Nebulas CEO Hitters Xu, who is also a technical advisor to the platform, said:
“When I communicated with DeepCloudAI, I was impressed by their vision for democratizing the cloud and making it easy for anyone to share their computer resources and make money, at same time making it easy for DApp developers to get to these resources for building the applications along with Application Marketplace. I believe the use of Nebulas blockchain by DeepCloudAI can build a strong ecosystem for decentralized applications. I am very excited and looking forward to our great collaboration ahead.”
Nebulas signs MoU with Spiking:
In an aim to expand their reach using the Nebulas Rank service, Nebulas has signed a Memorandum of Understanding with Spiking. Spiking is the world’s first blockchain asset validator and Artificial Intelligence-driven cryptocurrency trading infrastructure. The MoU in question would allow for the development of Spiking’s core search technologies.
Spiking aims to allow users to find whales and follow their trades. It does this through smart contracts that let users mirror these trades or personalize their portfolio based on them. Spiking will partner with Nebulas to contribute positively to the ecosystem by harnessing Developers Incentive Protocol to draw in developers and incentivize their work.
As seen by the strides made by the team with a forward-looking mindset, it is clear that Nebulas aims to establish themselves as a next-generation public blockchain.
To know more about Nebulas, click here!
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Baer Chain Global Developer Conference “CURVATURE NAVIGATION” was held Successfully in Korea.
During the conference, Vincent talked about the current status of the development and the future plans of Baer Chain:
- The globalization of Million Ecology Project is going smoothly. The “Curvature Navigation” conferences will be held in Asia first, and then in Europe and finally in North America. The official launch of the mainnet will come with a grand event in North America.
- The Baer Chain block explorer developed by supernode team Baer LA is officially launched, marking Baer Chain’s decentralized development stage;
- All game developers teams from all over the world will continue to develop blockchain games based on Baer Chain technology. At present, dozens of games are under development and will be launched in the Baer Chain ecosystem.
On 24th May, Baer Chain “Curvature Navigation” global developers conference was successfully held in Gangnam, South Korea.
Daniel Kim, CEO of Block Patch, a well-known blockchain company in Korea, attended the conference with a special guest, Zhenying Lee, who is focusing on the legal research of the blockchain industry.
Vincent introduced the development of Baer Chain at the conference. When talking about the progress of the Million Ecology Project, he said:
“We have entered the stage of curvature navigation and Korea is our first stop. Next, we will continue the journey of curvature in Amsterdam, then in London. We will eventually go to North America. What I can tell you is that it will be a grand event in North America to welcome the official launch of the Baer Chain mainnet.”
At the conference, Vincent announced that the first version of the Baer Chain block explorer developed by the supernode team Baer LA has been launched. It is the most direct visualization approach for users to engage with the mainnet.
With the release of the block explorer, all the third-party node teams are now able to smoothly carry out the development work based on the Baer Chain technology architecture, which means that the technology development of Baer Chain has entered the decentralization and the rapid growth stage of cooperation.
At the conference, Shawn from the supernode team Baer Cali also talked about the advantages of the Baer Chain technology architecture and how they began to develop games on Baer Chain.
Vincent stated that there were more than 10 super node teams have already started their development of new games. They are working very hard to develop their games and strive to release their products on the Baer Chain as soon as possible.
In the following Q&A session, Vincent was asked by one of the participants that if BRC was affected by Million Ecology Project, and Vincent responded:
“BRC is an indicator of Baer Chain’s values. The positive trend of BRC reflects the market’s view on the development and future value of Baer Chain.”
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