On April 30, 2019, Nebulas has officially released the Orange Paper. This paper is an important theoretical work for the Nebulas community governance framework. This release follows the Nebulas technical white paper, Yellow Paper — Nebulas Rank, and Mauve Paper — Developer Incentive Protocol.

The Orange Paper highlights how Nebulas can use its unique and innovative technology to manage public assets on the chain in order to achieve its vision: “To explore a new decentralized collaboration model, implement a decentralized autonomous organization that provides positive incentives and can self-evolve (Decentralized Autonomous Organization, DAO).” Nebulas governance has been designed based on three concepts. These core concepts are:

Organizational structure and supervision mechanism: Nebulas Community Groups will operate independently but are mutually constrained by one another: Nebulas Council, Nebulas Foundation, Nebulas Technical Committee — articulating its basic composition, powers and obligations; On-chain Collaboration: Nebulas community project introduction, “NAT On-chain voting” will achieve community collaboration and system upgrade process; Economies and Incentives: The design of the on-chain voting economy and how the economy provides positive incentives to each community member during Nebulas governance.

Nebulas is an open sourced, public chain creating a Autonomous Metanet whose focus is on-chain data, interactions, and collaboration. We are committed to using blockchain technology and other means to Let everyone get values from decentralized collaboration fairly. The Orange Paper provides the theoretical cornerstone for this vision!

As of today, the Chinese version has been released. Stay tuned for the release in other languages.

To read the Chinese version, click here: Orange Paper (Chinese version)