Connect with us

Don't Miss

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

Published

on

Nebulas
READ LATER - DOWNLOAD THIS POST AS PDF

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.

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.

Don't Miss

CoinField Launches Sologenic Initial Exchange Offering

Published

on

Sologenic
READ LATER - DOWNLOAD THIS POST AS PDF

CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited…

Continue Reading

Don't Miss

Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

Sports betting is one of the widely known types of online gambling. With a large number of sports fans around the world, this type of gambling is one of the most sought after. The problem usually comes from when gamblers try to find the best sites out of the many available ones. Many new sports betting sites come up daily, thus making the selection process even harder. One of the best places to find top betting websites for sports is Boomtown Bingo. This platform doesn’t just give users the best online casino games websites, but they also cover sports betting. As such, boomtown bingo remains a one-stop-shop for everyone who needs the best and the latest online gambling and gaming sites for all types of devices.

Performance

The performance of any website is critical. Users need to find their way around the site easily, and that can be made possible with the site structure and arrangement. Loading time is also essential. A website that always hangs thus pushing the user to refresh every time is no good. These are some of the factors that Boomtown Bingo looks into when selecting the best sites for its users. You can be sure that the new sports betting websites listed on Boomtown’s platform have faster loading time, can be used easily by everyone,…

Continue Reading

Don't Miss

What Prevents Crypto from Becoming the Top Payment Method

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

As globalization spreads over the planet, the need for fast and cheap cross-border money transfers is growing rapidly. Cryptocurrency provides exactly that kind of transfers with the added benefits of security and lack of centralization. However, despite being what seems like the perfect solution to the global money transfer problem, crypto has yet to become a major player in the currency arena. It’s growing in popularity, that’s for sure. But that rate isn’t even close to what’s needed for crypto to become a recognized and universally accepted payment method.

The question is why?

There can be no doubt that the need for what cryptocurrency can offer is huge. It’s most obvious when considering the situation of migrant workers, who are also growing in number due to globalization. The amount of remittances in the world has risen to over $530 billion a year. However, the high cost of these transfers is such a concern that the UN launched a program dedicated to reducing those numbers to, at least, 3% by 2030.

One doesn’t need a degree in economy and finances to see what kind of difference cryptocurrency could make for this situation alone. At the moment, migrant workers are losing about $25 billion in money transfer fees. There are still some remittance…

Continue Reading

Press Release