As research that explores the blockchain value spectrum, the Yellow Paper has been significantly updated to expand upon the concept of “Nebulas Rank,” first proposed in the “Nebulas White Paper” published in Q3 2017. The Yellow Paper is a milestone, following in the footsteps the release of the Nebulas Mainnet (1.0 Eagle Nebula), and represents Nebulas’ ambition to be a leading global blockchain for value discovery among blockchain users, smart contracts, and decentralized applications (dapps).
With the rapid growth of various dapps in blockchain, users lack efficient search methods for blockchain applications and smart contracts. At the same time, in the face of the high complexity of the economies built on blockchain technology, the PageRank algorithm in the Internet age cannot solve the problem of the lack of information and value evaluation criteria in the blockchain world. In response to the pain points in the industry, Nebulas independently proposed the concept of “Nebulas Rank” in September 2017 as a solution for value measurement and discovery on blockchains.
On the 11th of June, it took the lead in opening the “Nebulas Rank” key code, which is the core component of the Nebulas development team, as the first implementation of the technology of the blockchain value scale in China.
As a measure of the value of blockchain, “The Nebulas Rank Yellow Paper” enhances and expands the set of algorithmic systems constructed by Nebulas Rank. First of all, to address the problem that the characteristics of the blockchain economy system still cannot be accurately reflected, Nebulas Rank has been developed to measure the contribution of account addresses to a blockchain economy of circulating cryptocurrency.
The model proposed by Nebulas Rank takes account of the digital currency in circulation, the output of the economy, and the degree of account contribution. Secondly, the Wilbur function designed by Nebulas Rank is able to resist manipulation to guarantee the fairness of standards on which the blockchain incentive mechanism is based.
Finally, to meet the need for diversity, this Yellow Paper describes a dual taxonomy of Nebulas Rank: Core Nebulas Rank and Extended Nebulas Rank. The former refers to two factors: “the median value of assets of a factor account over a certain period of time” and “measures of the degree of access of the account within a certain period of time.” The latter gives different calculation methods for the value scales of various applications in the blockchain ecosystem. These two categories of Nebulas Rank better meet the actual needs of different application scenarios.
The “Nebulas Rank Yellow Paper” is the first important research result since the founding of the Nebulas Foundation, further improving the core algorithm of the Nebulas blockchain. The Nebulas Foundation brings together top research talent in the blockchain industry, fully embodying the importance of Nebulas innovation and research.
Xuepeng Fan Head of Nebulas Research said that Nebulas Rank represents the further improvement of the original value chain measurement system of the Nebulas. The new iteration of Nebulas Rank will be used for cross-chain data exchange, digital asset transfer, to effectively measure the individual or organization’s contribution to the community’s growth and other aspects.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Ludos Protocol Makes a Strong Case for Investors in Blockchain Gaming
As games migrate to the blockchain and become increasingly complex, Ludos Protocol is set to capture this new market. It’s creating a solid ecosystem of DApps and toolboxes that provide Blockchain as a Service for developers to build and maintain sidechains.
Ludos Protocol solves one of the biggest issues that has given investors qualms about blockchain gaming: scalability. An overcrowded mainchain is a perennial problem that has hindered the progress of even the best-funded blockchain gaming applications. Thanks to a hybrid of Proof-of-Work and Proof-of-Stake consensus algorithms, Ludos Protocol is able to implement a multi-sidechain system. This allows any populated game to deploy its own sidechain of transactions while keeping the mainchain throughput at a minimum.
This is why Ludos Protocol has attracted investment from fund behemoth Softbank, whose previous ventures include Uber and Alibaba. Ludos Protocol is the fund’s third-ever foray into blockchain.
Industry trends attest to Softbank’s interest in Ludos Protocol. Gaming produced a global revenue of over $200 billion in 2017, according to the latest report by Digi-Capital. It is a figure that is expected to grow to $300 billion by 2021, making the industry one of the most lucrative in the digital economy. It is also one of the ripest for change by blockchain technology. The development of a comprehensive blockchain infrastructure that suits the evolving needs of the…
Why Investors Should Closely Follow the Earnings Season
The earnings season has arrived, and investors around the world are excited to see what reports are companies going to publish. This is important as these reports contain companies’ earnings for the current year, which can provide investors with some valuable insight.
No matter what announcements the company has made throughout the year, it is the earnings report that indicates the firm’s true performance. As such, it often has a significant impact on its public image, the price of its stocks, as well as investors’ interest.
Earnings reports can open up new opportunities
When it comes to the cryptocurrency markets, 2018 has brought both, volatility and stability. Most of the time, prices were relatively stable, but this state was only reached after a harsh drop in January 2018. Since then, several smaller price surges, followed by just as large price drops, hit the market once again.
As a result, crypto traders were prompted to look for alternative investments. Earnings seasons often present numerous opportunities for resourceful investors. Analysts claim that earning reports managed to significantly impact prices of shares (by over 5%) since 2001.
It is expected that a lot of companies will try to take advantage of the earnings season in order to make a comeback, especially after the hit that markets suffered back in October. Various firms will also likely show insight into how the market behavior affected their profits and business, in general.
Ever since the cryptocurrency sphere was met with the news of the partnership between Litecoin Foundation, TokenPay, and Verge (XVG), the idea of them coming together has been among the most controversial news to ever surface in the cryptocurrency world.
The collaboration managed to even draw the attention of one of the most renowned crypto-influencer and bitcoin campaigner, Tone Vays. In his usual style, Tone took to Twitter handle on hearing the news, tweeting and expressing his disapproval while criticizing the creators of the three cryptocurrencies for allowing such a move to occur.
In retaliation to the attacks from Tone, Charlie Lee, the MD, and founder of Litecoin (LTC) posted his clarification on Reddit on the 17th July in regards to the partnership. Litecoin’s CEO started by explaining the dissimilarities between Litecoin as a currency and Litecoin as a company.
In his remarks, he said that Litecoin as a blockchain and crypto network is a decentralized network, whereas Litecoin Foundation as a company is a centralized non-profit institution whose goal is to ensure Litecoin (LTC) is developed, adopted, and used. Charlie also mentioned that Litecoin’s cryptocurrency and blockchain technologies did not require his direct services at the moment hence his concentration on Litecoin Foundation.
Charlie Lee made his remarks known saying:
“If Litecoin Foundation (LF) is exposed to not doing a good job, nothing should prevent another organisation to step in and do a better job. This is…
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