Name the latest and greatest version of the Nebulas blockchain! Nebulas Follow Feb 19 · 3 min read

Introduction to the new version of the Nebulas mainnet:

The new mainnet will add the Proof of Devotion (PoD) mechanism which is the most important upgrade since Nebulas NOVA. PoD is one of the core mechanisms of the Nebulas blockchain and is one of the many unique features when compared with other blockchain projects. This novel consensus mechanism is built on the basis of the contribution size of the community. The mechanism comprises two parts:

Consensus mechanism: Once PoD goes live, the Nebulas blockchain will be fully decentralized relying on the community for node operation. Governance mechanism: The consensus nodes which produce the most blocks will be chosen to be governance nodes and will decide if proposals submitted on Go Nebulas will be approved and become active projects. All governance votes will utilize on-chain voting.

PoD is Nebulas’ method to decentralize collaboration. Since its establishment in June of 2017, Nebulas has focused on dealing with complex data and interactions, complex collaboration relationships and innovative technologies to manage on-chain assets. In addition, we have been exploring new decentralized collaboration models that provide positive incentives and self-evolving decentralized autonomous organization (DAO). Currently, there are more than 338,000 Nebulas mainnet addresses with over 36,000 users. Nebulas has hosted offline events spanning 10 countries and 21 cities.

To learn more about Nebulas, visit: nebulas.io

In addition to the decentralization of Nebulas nodes and community project governance, PoD will be combined in the future with Nebulas’ unique technologies such as the Nebulas Rank (NR) which will aim to explore more incentive scenarios.

To learn more about PoD and node decentralization, visit the PoD whitepaper.

Nebulas version naming requirements:

Must be related to celestial bodies — similar to the first two versions; Symbolize features of the new mainnet; Keep it short. Suggested length is one to two English words; The final result shall be in English.

Previous names and why they were chosen:

Eagle Nebula: The pillar of creation is located in the Eagle Nebula which corresponds to the Nebulas mainnet launch event in March of 2018. This launch realized the basic functions of the public chain; Nebulas NOVA: Initial release of the Metanet designed to discover the value of blockchain data. Launched December of 2018 with the release of Nebulas Rank (NR), Developer Incentive Protocol (DIP) and other features.

Participation in this event:

A) Name suggestions can be made from February 17 to February 26, 2020

Make a reply to this discussion in the following format: [English Name]+[Reason for naming] ;

; If there are any duplicate suggestions, the first person to suggest the name will be selected.

B) From February 27 to February 28, 2020, the community will decide via on-chain NAX voting

The Nebulas Foundation will screen and organize the collection of names. Voting will take place one day prior to the launch of the latest mainnet version;

All Nebulas community members can participate via NAX voting. There will be no limit on the amount of NAX used for voting;

The name which receives the most NAX votes will be selected. If two options receive the same amount of NAX, the name will be selected based on which name received their votes first.

Rewards:

First place: 500 NAS award and will be used as the official name for the Nebulas launch;

award and will be used as the official name for the Nebulas launch; Second-fifth place: 5000 NAX per person

Participation:

To give your suggestion, visit https://community.nebulas.io/d/675-name-the-latest-and-greatest-version-of-the-nebulas-blockchain/29.

Name exemptions:

The Nebulas Foundation reserves the right of final naming decision. In the event of a mischievous, humiliating or discriminatory name, the Nebulas Foundation has the right to disqualify the option from the list.

Nebulas Foundation

February 17, 2020