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Nebulas Releases “Nebulas Rank Yellow Paper” to Help Users Accurately Assess Blockchain Data

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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?

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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.

The Nebulas Rank Yellow Paper, published on June 30, was also announced by Nebulas via a medium blog post.

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

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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.

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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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