On Dec 31 2018, Nebulas core development team released Nebulas NOVA, the first blockchain network with native on-chain incentive. Currently, Nebulas NOVA begins its public testing on Nebulas testnet.

Nebulas NOVA realizes blockchain value measurement and native on-chain incentive, and facilitates core protocols upgrade simultaneously. It is an important milestone on the roadmap of Nebulas autonomous metanet. Community members can take part in building Nebulas NOVA via various methods, for example through the community bounty program, Nebulas NOVA testnet developer incentive program(DIP) as well as the native on-chain incentive. By making contributions to Nebulas NOVA and Nebulas ecosystem, community members can also receive NAS as reward.

Core features of Nebulas NOVA:

Nebulas Rank (NR): Our open-source, core ranking algorithm. The algorithm is based on liquidity, propagation of users’ assets, and the interactivity between users. NR is used to rank addresses, smart contracts, decentralized applications (DApps) and other entities on blockchain.

NR is a hypermap of metadata in the meta-network

Nebulas Blockchain Runtime Environment (NBRE): NBRE is the execution environment for Nebulas core protocols and core algorithms (such as Nebulas Rank and Developer Incentive Protocol). NBRE is the foundation of core protocols and algorithm upgrades, and will automatically acquire and execute the latest version at runtime effectively.

NBRE Structure

Developer Incentive Protocol (DIP): Provide native on-chain incentive for developers. DIP provides a positive feedback loop for developers to create high-quality decentralized applications.

Developers can get NAS reward via DIP

Nebulas mainnet Eagle nebula was released on March 30, 2018. It is currently the only public chain based on LLVM, supports JavaScript to write smart contract and has a transaction processing capacity of 2000 TPS. Up to now, Nebulas mainnet has a total of 260,000 accounts, 6800+DApps and daily transaction reaches 970,000+.

Before Nebulas NOVA was released, we published the Nebulas Rank Yellow Paper, the off-chain Nebulas Rank, and Developer Incentive Protocol Nebulas Mauve Paper, which all paved ways, both theoretically and technically, for the release of Nebulas NOVA.

The release of Nebulas NOVA symbolizes that Nebulas begins the road toward the autonomous metanet. First of all, NBRE can upgrade Nebulas core protocols and algorithms in real time, which means that Nebulas will not have hard forks like the one in the release of Ethereum Constantinople (the value collapse caused by hard forks will affect the consensus in the entire cryptocurrency world). Meanwhile, NR and DIP modules based on NBRE have respectively realized closed-loop value measurement and value creation on blockchain, therefore it’s truly making Nebulas an ecological environment with self-evolving ability. More importantly, with sufficient consensus, any community developer can implement system-level features based on NBRE rather than just developing regular DApps.

Also, community members are welcome to join the Nebulas ecosystem and make their own contributions, via the following ways: