At the end of June, Nebulas Research made its Nebulas Rank Yellow Paper public. The document discusses a value ranking mechanism that is used to assess the importance and relevance degree of blockchain members and elements. The algorithm represents an important research achievement for implementing search index ranking and value assessment in a distributed ledger technology (DLT) infrastructure. Nebulas Rank is the first multi-dimensional value ranking instruments created for DLTs. The tool can measure the value of apps and information by taking into account liquidity and propagation of application-based addresses and smart contracts.
What is Nebulas Rank?
Nebulas Rank is one of the key elements of the Nebulas Framework, along with Nebulas Force, Developer Incentive Protocol, Proof of Devotion (PoD) Consensus Algorithm, and the search engine tool for decentralized apps (Dapps). Nebulas aims to combine these elements to build a next-generation blockchain platform. In fact, the Global Public Chain Technology Assessment Index provided by the CCID Research Institute ranks Nebulas as the sixth best blockchain project. The ranking was published in mid-June 2018 by China’s Ministry of Industry and Information Technology.
Nebulas Rank is a revolutionary product that aims to sort out the huge data flow through blockchains. The algorithm’s principle is somewhat similar to Google’s PageRank, and it measures various parameters, such as speed, liquidity, width and depth of a blockchain capital to come up with a fair ranking for the users. Thus, developers can easily discover and measure value in the DLT ecosystem. Nebulas Rank allows the assessment of each user, decentralized application, and smart contract. The obtained data can then be applied in recommendation, advertising, and other areas.
The value assessment with Nebulas Rank is carried out based on three major dimensions:
- Liquidity– it refers to the frequency and scale of blockchain transactions. More transactions along with larger transaction scale generate a higher liquidity figure.
- Propagation– the second dimension refers to the scope and depth of asset liquidity. The propagation property, which includes the scope, speed, and depth of data transmission, is a significant index demonstrating the quality of the network and its expansion potential.
- Interoperability– the interaction between Dapps, users, and smart contracts constitutes the third dimension of the ranking system proposed by Nebulas.
What Does the Nebulas Rank Yellow Paper Discuss?
The Yellow Paper touches upon Nebulas Rank algorithm separately from Nebulas’ other elements. Nebulas Rank was first introduced last year in the technical white paper, but the Yellow Paper comes with more details on how the mechanism works and how the information and transactions within a blockchain system are valued.
The Yellow Paper represents a milestone that follows the recent launch of the Nebulas Mainnet, referred to as 1.0 Eagle Nebula. The paper shows the team’s readiness to become a major player in the blockchain space by providing DLT-based value discovery solutions.
The Nebulas Rank Yellow Paper has been developed by Nebulas Research’s team of talents, which has relied on in-depth research and practical experimentation. The team comprises experts from various areas, such as blockchain, computer science, and cryptography among others. We speak about doctors from leading universities like Huazhong University of Science and Technology or Tsinghua University.
The publication of the Yellow Paper suggests that Nebula Rank has officially entered the implementation phase after it was successfully tested. Now the work on Eagle Nebula 2.0 has started.
According to the announcement, the Yellow Paper discusses a dual taxonomy of Nebulas Rank algorithm: Core Nebulas Rank and Extended Nebulas Rank. The first one revolves around two factors, which are “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 second one provides various calculation techniques for the value scales of different apps in a DLT ecosystem.
The document also discusses the manipulation-resistance of Core Nebula Rank. The value measurement algorithm is using specific methods to detect manipulation attacks from entities who want to mislead the system to obtain benefits.
Nebulas token price positively reacted to the news on the Yellow Page publication. On June 30, the NAS token rose from $4.50 to $5.22 and is currently fluctuating at around $5.00.
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.
Image courtesy of Nebulas
VOLUM (VLM) Announces Commencement of Token Generation Event
ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.
Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.
The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.
“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…
How to Secure Yourself in Relation to Bitcoin: Top VPN Services
Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.
Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.
What is a VPN?
Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.
While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.
Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…
Is it legal to gamble in Bitcoin casino?
Bitcoin entered the world in 2009 and immediately begun a revolution on the cryptocurrency market. Presently, there are more than 700 different digital currencies, but Bitcoin still remains the most used one. However, despite the large business activity around Bitcoin, there is still no international legal law to regulate it.
Key facts on Legality in Bitcoin casinos
Laws and obligations concerning online gambling legislation vary from country to country. There are many jurisdictions that can issue gambling licenses to online casinos. But, these licenses are issued only after the online casino business meets the requirements of the chosen jurisdiction.
The necessity of Gambling License for Bitcoin casinos
In order to make it clean and clear, a reliable online casino will obtain an online gambling license. Among other things, it allows running a legal activity and assures the casino operator’s trustworthy behavior, fair gaming policy and transparency in business operations and gaming software offered to customers. A representative of this kind of casino, such as FortuneJack for example, will have good reviews and reputation, and stable business that is constantly growing and expanding throughout the years. You can also feel the stability by checking the website, and important details such as casino withdrawal time and the number of games offered for playing, as you can examine on Fortunejack.
There is a difference between Bitcoin and Bitcoin gambling legality. There are countries…
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