Bitcoin brings “decentralized currency” to the world of blockchains, while Ethereum system showcases “smart contract”. Blockchain has already gained significant development and prosperity in the past three years. However, we find the existing technology far from being perfect. Blockchain starts to face more and more challenges in its integration with current business and user requirements.
This white paper mainly focuses on three concepts: value rank of blockchains, the positive feedback ecosystem, and the self-evolving blockchain system.
Based on these, we present Nebulas’ idea and solutions, which consists of Nebulas Rank (the measure of value for blockchains) and Nebulas Force (a fundamental self-evolving mechanism for blockchains). We will also elaborate on the mechanism of our innovation in consensus: PoD (Proof of Devotion) and DIP (Developer Incentive Protocol).
The ultimate mission of the Nebulas Blockchain is to build a self-evolving blockchain system based on value incentive, which will also be the most important development direction in the world of blockchains hereafter. As commonly known in the current industry, core components such as smart contracts, domain name systems, developer toolkits, wallets, etc., are being provided as part of the launch of the Nebulas platform.
Nebulas
