This article

Assumes readers have the basic knowledge of blockchain

Assumes readers have the basic knowledge of Nebulas, particularly its core protocols of NR, NF, PoD & DIP

Some informative resources for Nebulas

The Beauty of Nebulas (NAS)

Background of Mass Adoption

Many problems are stopping the mass adoption of blockchains

Blockchain-specific issues: Tech (scalability, security, interoperability, etc), Incentive model, etc

Regulations

Illegal activities

etc

This article focuses on the blockchain-specific issues, particularly

Technology

Incentive model

In the context of blockchain-specific issues, currently

Most of the projects (ie ETH NEO) are focusing on the technical issues, which are very, very important

issues, which are very, very important Nebulas takes it a step further. They focus on technology, incentive model and search engine

Background of Nebulas

(Nebulas is not just about Google-like search engine, it is much more than that)

Nebulas is a very ambitious project with a very impressive team. Particularly, I would like to highlight their

Innovation

Sophistication

Holistic approach

Nebulas’ design is truly innovative and sophisticated. Nebulas Rank (NR), their innovative ranking algorithm, not only it allows easy access to valuable blockchain data and provide Google-like search engine and other capabilities, but also the “value” measured by NR is applied in other core protocols……

Nebulas Force (NF)

Proof of Devotion (PoD)

Developer incentive protocol (DIP)

It is like a “complete package” where every core protocol is “connected” to NR, thus making its competitors (ie ETH NEO) very hard to “copycat” its design philosophy, if not impossible.

Ultimately, Nebulas’ vision is to build the 1st blockchain search engine to discover the hidden value, and a self-evolving (NF) blockchain system based on incentive (PoD & DIP), where the contribution of developers is measured and ranked by Value Ranking (NR). This will create a positive feedback ecosystem, which they believe that it will be the most important development direction in the world of blockchain hereafter.

Why & How Nebulas is taking a holistic approach compared to its competitors ?

Why ?

Hitters Xu (founder): Currently, many people think that the problem in the blockchain world is all about efficiency e.g. TPS. I think it is more than that. Hence, overemphasize on “efficiency” is meaningless. Only when it becomes more interesting, the blockchain industry can self-evolved. In the conclusion, unsolved problems in the blockchain space is how to benefit common people by blockchain technology.

In the grand scheme of things, technology is only one of the main factors to achieve mass adoption. Just like the internet (think Facebook that connects a lot of people), an interesting blockchain world that can benefit common people is also an important factor.

How ?

From the perspective of mass adoption, Nebulas is taking a holistic approach (I have drawn a diagram below, simply click to enlarge)

(Introduction of these elements/technologies is beyond the scope of this article. Kindly google them up for basic knowledge of blockchain, or the links above for Nebulas’ resources)

A further “compressed” diagram to help understand how Nebulas achieve the mass adoption

Nebulas ecosystem is like an organism that can self-evolve (NF) to solve many of the technological problems (ie scalability, security, interoperability, etc), allowing Nebulas to have “ever-growing evolving potential + infinite evolving possibilities endlessly + without hard/soft fork”.

It is also an economy based on value incentive (DIP & PoD), and everyone can use the search engine (NR) to discover more and more hidden value. Because of the value incentive model, more and more developers will build Dapps with even higher quality and in turn create more value for the users. Users can use the search engine to discover valuable smart contracts/Dapps/etc. The outcome is more interesting Dapps + benefit common people.

The Journey to Mass Adoption

Nebulas is using its NR, DIP & PoD to incentivize both users and developers to utilize Nebulas’ positive feedback ecosystem Just like the internet world, as the blockchain world gets more interesting, more and more people will get involved in it, hence creating a positive feedback loop to motivate the blockchain to be even more interesting/efficient/etc All of these are built on a “self-evolving” Nebulas Force (NF), which acts like a “base/foundation”, that can constantly upgrade & innovate its technology……just like the internet world……

The end result is Nebulas’ “belief + dream +vision”, that is, a positive feedback ecosystem with a higher level of freedom and equality, and ultimately, mass adoption !

……for a better life……

Now……imagine yourself living in this beautiful ecosystem, you can also

Hitters Xu (founder): “Ask not what blockchain can do for you, ask what you can do for blockchain”

For example, anybody, whether you’re a passionate developer or a geek or a big company……etc……you can simply build any DApps on Nebulas because if your DApps is popular (like angry bird ?), many users will be able to find your DApps via NR, and you’ll be rewarded based on DIP & PoD. Also, your DApps built on Nebulas Force (NF) will have self-evolving capabilities to constantly upgrade/innovate (ie on Nebulas, you can use Lightning Network for super fast & cheap micropayments to transact your DApps’ electronic cash)

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Hope you truly enjoyed Nebulas’ philosophy & vision……

Read more about Nebulas @

Nebulas & Passion & Vision

The Beauty of Nebulas (NAS)

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