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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