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“The Nebulas Rank Yellow Paper” is now public, providing the blockchain world with a more complete value measurement system

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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).

Frontier exploration

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.

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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.

Click here to view:  Nebulas Rank Yellow Paper


Learn more about Nebulas:

Official website: Nebulas.io
Github: github.com/nebulasio/go-nebulas
Slack: nebulasio.herokuapp.com
Telegram(EN): t.me/nebulasio
Twitter: @nebulasio

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.

Altcoins

Can Tron (TRX) follow in the Ripple (XRP) footsteps?

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It’s no secret that the cryptocurrency markets have been in an overall slump, especially when you consider all of the bearish action for bitcoin, ethereum, and altcoins, in 2018, compared to the incredible bull run of 2017.

While many people believe that this is simple consolidation, others paint the narrative that many are unsure about real-world applications for blockchain technology and whether institutional money will flow into cryptocurrencies at all.

Ripple is undoubtedly changing that narrative, recently surging over 80% thanks to its developments and partnerships with financial institutions.

It even briefly took Ethereum’s spot as the number two coin by market capitalization, in a price rally that confirmed a trend reversal and stunned many investors and traders in the cryptocurrency community. The price eventually decreased as Ripple returned to the number 3 spot concerning market cap, but the price movement certainly made a statement.

There are those who have been wondering whether Tron could make a similar move eventually, considering it is a project that has decreased dramatically in market cap, and many consider the coin oversold.

The fact that Ripple made an 80% move that quickly gave hope to other altcoins, and comfort to the cryptocurrency community that may be in the red that not only was it possible to break even again, but all was not lost in the markets, and that they can begin hoping to profit, in the long term.

Altcoins

Key factors why we may see a big Tron (TRX) boost shortly

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Tron is a decentralized platform that makes use of a Peer-to-peer system for its network. The platform aims to decentralize the web and also change the content (entertainment) industry.

Talking about the blockchain project’s history, Tron was created by Justin Sun – a protégé of Jack Ma. At the moment, lots of contents are managed by middlemen such as Facebook, YouTube, and the likes. But Sun aims to create a system that helps content creators have full ownership of their contents (and of course earn more as there won’t be any middlemen).

Subsequently, Tron aims to liberate the entertainment industry and the contents that are shared in it and also by making sure that there is a system where data can’t be controlled (the true decentralization and security).

It is important to know that Tron (TRX) is also a platform that permits the distribution of digital assets exchange and market forecasts.

What are the advantages that Tron (TRX) brings to the table?

Tron has lots of advantages. Its team of developers is top-notch, and it also has a futuristic leader: Justin Sun. Tron is a platform that helps content creators; its users are eligible for gains distributed by the platform.

Clearly, this blockchain platform was created for people with a great interest in the entertainment world. It is worth keeping in mind that Tron has launched a series of projects that benefit not only the platform but also its…

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Ripple jumps 50% again today, 3 reasons behind current XRP rally

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In the last 24 hours, lots of digital assets in the crypto space have experienced a surge at the rangebound of 2-10%. Nevertheless, the cryptocurrency that is leading in the current wave is Ripple (XRP). Ripple is driving with almost 10% more gains than the others, even the Bitcoin.

Right from Tuesday this week, the price of XRP has increased by 40%. Considering that, Ripple has undisputedly been the growth leader on the daily price trend in the recent ‘nice-little-rally’ this time. It is important to know that its volatility has reached maximum heights since the beginning of this year.

As a result of the rangebound surges that are experienced in the crypto market currently, the total market capitalization totals to $2 billion. More importantly, the market cap of Ripple also reached $22 Billion – almost equivalent to Ethereum’s current market cap of $23 Billion.

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Today, XRP even took Eth spot on coinmarketcap for a while as it became the second largest crypto, which the cryptocurrency couldn’t hold for long (on the third spot yet). At the time of press, Ripple (XRP) trades at $0.5663…

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