How possible is it having another platform that replaces Google? Google had been part of our daily lives, and internet-savvy individuals will attest to its help. Google is an information hub that transverses many nations of the world.
Would it be ironical to say Google might be toppled? With the advent of the blockchain and increasing popularity and application of the Internet of Things, there is the possibility of that happening. The doomsday is not far-fetched as Google has a competitor.
Nebulas – A Mini Google
What Facebook is to the cyber space is what cryptographic currencies are to the blockchain technology. There is another variation of Google in the offing.
It wouldn’t be like what you already know of Google, and you shouldn’t expect the same service.
If you’re however technologically-inclined and you’re a blockchain enthusiast, you will find this mini Google useful. I’m pleased to introduce Nebulas – the mini Google.
From the Blockchain Angle
It is pertinent to note that Nebulas is an off-shoot of the blockchain technology. The blockchain was developed and modelled after the first decentralized currency.
The technology was self-governed and free from external influence. Likewise, it brought new developments such as Peer-to-Peer transactions, distributed ledgers for storage and bred trust because there are n intermediaries.
Just like conventional platforms, the technology allows users (especially developers) create decentralized applications (DApps).
At the moment, there are over 2, 000 cryptographic currencies using the blockchain. Each of these develops its chain or partners with popular ones such as Ethereum and Bitcoin.
DApps are created on each of these as well. As it stands today, you cannot account how many DApps are available on the crypto sphere.
Unification of DApps
If distribution platforms such as App Store and Play Store were not in existence, you would have a hectic time downloading your favorite games and mobile applications.
They collated available apps and placed them in different sections on their platforms. Nebulas (NAS) will replicate same.
As posited earlier, Nebulas is a mini Google. Its scope is not as vast as Google but limited to the blockchain. Nebulas functions as search engine for DApps.
The idea is to collate available DApps from multiple blockchains, integrate them on Nebulas for easier access. Its cope is not limited to DApps. It extends its hand of fellowship to decentralized assets and smart contract technologies.
The platform uses a search framework powered by open-source technology. The composition also features distributed ledgers for data storage and verifiable computing.
What birthed Nebulas (NAS)?
Nebulas conceptualization was after its team recognized some core problems of existing chain platforms. Current blockchains cannot evolve by themselves, and most of their ecosystems are not viable for user participation. On the other hand, values cannot be measured.
Nebulas’ team evaluated these and decided on developing a self-evolving platform that will solve some of these downsides.
Nebulas’ John the Baptists
There are frontline features that Nebulas unleashes in its bid to scale over existing hurdles on the blockchain. Before the platform was developed, it had used some of these and their integration in full will bring about impressive outputs.
It seemed that DApps were created because the blockchain supported that. Most of these do not have verifiable use case. Nebulas Rank (NR) bridges the gap by making sure relevant applications are created on the blockchain.
It is also the solution to vale measurement that was lacking in previous blockchains. Users can use the ranking system in expressing their thoughts on available DApps.
Likewise, ranking is adjudged by the interoperability, scale and transaction frequency of specific DApps and smart contracts.
Reward for Developers
Aside ICOs set-up to raise fund for decentralized projects, there should be allotted funds for DApps development. Ironically, developers hardly get funds to that end. This will be changed by Nebulas with its working product – DIP.
Developer Incentive Protocol (DIP) is a reward mechanism fashioned by Nebulas. Developers will get rewarded with the Nebulas token.
However, this reward cannot be released until favorable responses had been gathered from users using the Nebulas Ranking system.
The problem of self-evolvement is solved using this channel. Forking had created issues on the blockchain, and that was part of the reason for Nebulas Force’s development.
With its self-evolvement, forking won’t be needed. It also facilitates flexibility of smart contracts. They integrate the latest technologies, and these help developers create better DApps.
A New Algorithm
Nebulas brought on a new consensus algorithm known as Proof of Devotion (PoD).
PoD supports fair treatment of all participants just as it unleashes irreversibility and speed for fast-tracked development of the platform.
Google is still in charge
If you have been bothered by the toppling of Google by Nebulas (NAS), discard your fears because Google still calls the shots.
Nebulas’ scope is on decentralized platforms and specifically on decentralized applications developed on the blockchain.
By solving the three core problems of the blockchain in relation to DApps, there is no doubt that DApps development and subsequent publicity will become better.