If you try to dig a bit deeper into to the emerging universe of cryptoassets, you quickly realize it’s not user-friendly at all, to put it mildly. Yet clunky interfaces and KYC & security hurdles are minor problems that will be sorted out soon.



One of the biggest issue is that each blockchain and each distributed application (also known as Dapps) exist in silos, similarly to how websites were static and isolated in early 1990s.



We’re undoubtedly spoiled by smooth UX and convenience of web and mobile apps. But we also take for granted the index of web information that Internet giants have created. Google ranks all websites, Facebook has the most complete social graph on Earth, and Amazon builds the shop for everything. Yet although new Dapps are launching every day, there is no single ranking that could help us find useful blockchain applications.



Nebulas, a project from some of China’s brightest developers, aims to solve this by building a new blockchain that will be based on an algorithm that will measure the value of each distributed application.



Yet another blockchain you may ask?

Yes, but it will be very different.



First, Nebulas Rank will measure the value of Dapps (and everything else on the blockchain, really). Blockchain is often described as the “Internet of Value”, so it makes sense that it’s ranking will be based on the different measures of value exchange. More specifically, NR will be determined by assessing liquidity, propagation of assets, and the interoperability. In other words, NR will measure how frequent, fast, and large the transactions are and how connected the Dapp (or a user’s address) is to the rest of the blockchain world.



The most influential users and Dapps will be able to act as virtual miners. After reaching a certain Nebulas Rank, users will be able to put a security deposit and earn rewards for confirming transactions. These influential users would already have a great interest in maintaining the network, but if they’ll still try to cheat, the deposit will be taken away.



Valuable Dapps on the Nebulas blockchain will also be rewarded through developer incentives program. Every week, developers of DApps with highest ranks will recieve rewards, which would also encourage other developers to move to Nebulas.



Off course, developing all these features will take time, but the team is moving very fast. The project raised $60 million in November 2017 and has already released a test network, allowing developers to play with the technology. The main network is set to launch by end of March this year.



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