On April 15 [UTC+8], 2019, the renowned public blockchain project Nebulas held an exclusive press conference in Beijing, China to officially announce the launch of a new and much-improved version of their blockchain-Nebulas NOVA.
This release includes upgrades to the core functions of the Nebulas mainnet and is now the first as well as the only public blockchain with worldwide native, on-chain incentives for its users. This unique incentive structure will allow for the essential support of community collaboration unlike the blockchain ecosystem has yet to see.
The topic of the press conference was “Nebulas Nova: The Dawn of a Collaborative Future” and in total 200 distinguished guests were invited. Guests included blockchain industry leaders, Nebulas ecological partners, representatives of community developers, community members as well as other institutions and media attended.
During this event, Nebulas founder Hitters Xu, co-founder Aero Wang and the leader of the Nebulas Research Institute Dr. Xuepeng Fan gave keynote speeches sharing more about governance principles of the Nebulas community, the implication of these principles towards community collaboration and related technical development.
Community governance is a very hot topic for the entire blockchain industry in 2019 and was a primary topic at the press conference. Following the creation of Bitcoin and its “hologram” of information, Nebulas aims to create a new “hologram” of organized collaboration.
Nebulas’ goal is to let everyone-including organizations develop under a unified, open and transparent set of community governance rules via the power of decentralization, project-based development, on-chain voting systems, and the powerful tools incorporated into Nebulas NOVA.
In fact, NOVA represents a giant breakthrough in the bottleneck of decentralized collaboration via technical innovation hence providing a better ecosystem of asset distribution and management for Nebulas community governance.
At the press conference, Nebulas founder Hitters Xu expressed the opinion that NOVA has introduced “Smart Assets” that will leverage the great potential of decentralized cooperation. He considers them “Smart Assets” because they are programmable, manageable and usable. In return, all digital asset holders are now users that can play a large role in future ecosystem development and be part of the sustainable, prospering ecosystem with positive incentives.
Currently, the public blockchain industry lacks the competence to attract consistent and excellent developers as well as features to carry out self-evolution with minimal disruption or friction to the users. Nebulas NOVA will accomplish seamless and transparent upgrades via three core technical features: Nebulas Rank [NR], Nebulas Blockchain Runtime Environment [NBRE] and Developer Incentive Protocol [DIP].
Specifically, NR measures the contribution of all on-chain accounts to the digital economy. It incorporates excellent anti-cheating capabilities and extensive scalability that can cater to many different scenarios which will provide long-term and highly effective incentives for developers.
To achieve frictionless upgradability, NBRE is an execution environment and provides upgrade functionality to NR, DIP and is a core technology that will support Nebulas self-evolution.
In addition, Nebulas utilizes Just-in-time compilation technology that can execute Nebulas Protocol Representation [NRP] which gives the network autonomous upgrades to core protocols.
For example, Nebulas NOVA provides the capability for community members to upgrade and adjust the parameters or implementation of developer incentives at any time without affecting standard upgrades to the Nebulas core which will ensure the effectiveness of DIP.
Currently, the Nebulas mainnet supports around 260,000 accounts, over 6,800 active DApps and has exceeded 1 million transactions in a single day – all while retaining stability. Nebulas have also received academic and government recognition and previously placed third of all public blockchain projects by the CCID research institute under MIIT.
Nebulas NOVA represents the second phase for Nebulas to truly become an Autonomous Metanet and the release of NOVA is the first step towards this intention.
The future of collaboration is coming: After Nebulas NOVA goes live, both developers and everyday users of the blockchain can extensively participate in ecological development and jointly realize Nebulas’ core vision: Let everyone benefit fairly from decentralized collaboration.
Are Blockchain Casinos on the rise?
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.
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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