NASUSD
Nebulas / United States dollar
crypto

Nebulas is a search engine for the blockchain world. It uses a custom algorithm to determine the best users and apps across blockchains called Nebulas Rank. This allows it to determine who the biggest contributors are to blockchain communities and to reward those who participate in their own community. Nebulas Rank: Nebulas Rank is what the team calls their ranking algorithm, used to judge how effectively a person or dApp is contributing to an ecosystem. Their ranking system is based on three separate dimensions, liquidity, propagation, and interoperability. Liquidity is the frequency and scale of transactions that pass through a particular address. In terms of propagation, they are referring to "the scope and depth of asset liquidity". Interoperability is judged by the prevalence of an address across other blockchains. This is less relevant today as there is limited interoperability among any blockchains, however it will become more significant over time. The ranking algorithm is based off of LeaderRank using transaction data taken straight from the blockchain. LeaderRank is a variant of PageRank used specifically in social networks that identifies users spreading useful items (in this case dApps). Nebulas Force: Nebulas Force is the term used to describe the evolutionary capabilities that the Nebulas blockchain possesses. Force is made up of three components, the NVM, protocol upgrades, and smart contract upgrades. In Nebulas there is less need for hard or soft forks. Similar to Tezos, users are allowed to vote on proposals to upgrade the protocol and if passed, the proposals are then written into code by the core developers and implemented through a transaction. This is possible because the protocol code is implemented into the block structure, i.e. you can gradually adjust the ranking algorithm over time without redoing the core structure of the blockchain. The process involves replacing the old bytecode of the NVM compiler with a new bytecode, essentially replacing the interpreter. The structure is similar for upgrading the smart contract functionality on the platform. Developer Incentive Protocol: The Developer Incentive Protocol (DIP) is a reward algorithm that incentivizes developers to create useful smart contracts by giving them Nebulas tokens. The higher the number and quality of users that are interacting with a smart contract, the more tokens are sent to the owner. This is carried out once a week to ensure accuracy. To prevent cheating within this protocol the founders have made it unfeasibly costly to improve your rank through address fraud. Proof-of-Devotion: The final significant unique aspect of the Nebulas blockchain is its proof-of-devotion consensus algorithm. The principle behind this new algorithm is to disempower large miners with the ability to outspend their peers in capital expenditure in order to control significant portions of the blockchain. Instead, proof-of-devotion selects block leaders by calculating the rank of each account and assigning a leadership probability based on this ranking. This theoretically adjusts the power of controlling the network to those with the most effort invested in it.