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Director of Engineering
Nebulas Node Strategy Testn...
Nebulas Node Strategy Testnet Program Weekly Report (Week 7: Feb 19 — Feb 25)Seven weeks have passed since the Nebulas PoD node strategy went live on the testnet and thus far, a total of 56 nodes are currently participating with 52 nodes have generated blocks. The participating nodes will share the testnet incentives of at least 200,000 NAS.Progress from last weekManually suspending nodeIf a node has been selected as a consensus nodes for the following cycle, it cannot be stopped it even if the operator requests it to be stopped before the next cycle begins. In this situation, the node will be penalized although the operator already knows it. This situation and a solution is still under discussion.PoD governance mechanism internal testingThe governance mechanism is under internal testing. It will be released on testnet next week.Preparing for PoD governance votingThe first PoD governance vote will happen on the testnet next week. Proposals that will be voted on have been released this week which include technical committee proposals and countermeasures related to the adjusting the penalty rules. The proposals which will be voted on include:A. Marks Proposal: POD Block Generation Penalties — More detailsB. Join the technical committeeC. Nebulas Awareness Development & Content Creation PlanD. Open NAS nano wallet to vote on the currency, so that the distribution of node benefits can be booked through NRC20 、 管理 (Chinese)More about PoD governance mechanism please read Node Strategy: Governance Mechanism .PoD node AMAThere was an online English AMA in the English Telegram group on last Friday, Feb 21 (UTC-8). Allnodes, StackOfStake, Everstake, InfStones and BTCU. A full transcript of the event is available at https://medium.com/nebulasio/nebulas-node-decentralization-ama-review-february-21st-2020-85c1186c6738Plan for next weekThe first PoD governance vote will be on testnet. Further details will be announced.Join UsParticipate in the development of contracts and tools related to the node strategy.We will submit some bounties according to the community suggestion, you can apply on the Nebulas Community Collaboration Platform. Open new new bounty: Node Strategy Smart Contract Template.You can also submit your proposal on go.nebulas.io.Vote for the name of the latest version of the Nebulas!The first place reward is 500NAS. We have received 61 names since the beginning of this program and in total, 38 names are available for voting. Click here to vote via NAX — Click here to learn more about this program & all received names.Learn more about Nebulas:Official website: Nebulas.ioNode Platform: node.nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenTelegram Node Operating Group: t.me/nasnodeCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioNebulas Node Strategy Testnet Program Weekly Report (Week 7: Feb 19 — Feb 25) was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
20. 02. 27
Vote for the name of the ne...
The Nebulas mainnet is about to receive a significant upgrade in March of 2020. To commemorate this event, we have asked the community for naming suggestions. Incredibly, we have received 57 in just one week! All suggested names can be viewed at https://community.nebulas.io/d/675-name-the-latest-and-greatest-version-of-the-nebulas-blockchainWith duplicated names removed, there are a total of 37 names eligible for this event. Those who still want to participate in the event must submit a name by February 26th (Beijing Date).The name will be selected via NAX votingVoting timeFeb 27 3:00p.m. — Feb 28 3:00p.m., 2020 (Beijing time, UTC+8)How to voteWhen the event begins (see voting time), a webpage will be published that contains all available voting options. Be sure to visit nebulas.io for more information or follow us on twitter at http://twitter.com/nebulasio. Once voting begins, visit the announced webpage, select the name you like most, and complete your vote via the NAS nano Pro wallet by utilizing NAX. There will be no limit on the amount of NAX a person can vote and the amount of times a person can vote. All NAX used via voting during this event will be returned once voting is complete.ResultsThe name which receives the most NAX votes will be selected and become the official name of the new version of Nebulas! If two options receive the same amount of NAX, the name will be selected based on which name received their votes first.Rewards1st place winner will receive: 500 NAS2nd-5th place winners will receive: 5000 NAX per person.The results will be published to the community once voting has finished. The reward distribution will follow afterwards.About the new Nebulas mainnet:The new mainnet will add the Proof of Devotion (PoD) mechanism which is the most important upgrade since Nebulas NOVA. PoD is one of the core mechanisms of the Nebulas blockchain and is one of the many unique features when compared with other blockchain projects. This novel consensus mechanism is built on the basis of the contribution size of the community. The mechanism comprises two parts:Consensus mechanism: Once PoD goes live, the Nebulas blockchain will be fully decentralized relying on the community for node operation.Governance mechanism: The consensus nodes which produce the most blocks will be chosen to be governance nodes and will decide if proposals submitted on Go Nebulas will be approved and become active projects. All governance votes will utilize on-chain voting.To learn more about PoD and node decentralization, please read the PoD documentation at https://wiki.nebulas.io/en/latest/node-strategy/README.html.Disclaimer:Please refer only to relevant announcement issued officially by Nebulas;Please be diligent to identify and avoid fake applications, falsified messages, phishing websites, phishing emails, fake customer service, scams, etc… The Nebulas team will never ask users for their private keys. Nebulas is not responsible for any loss caused by users or third parties.Nebulas FoundationFeb 26, 2020Learn more about Nebulas:Official website: Nebulas.ioNode Platform: node.nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenTelegram Node Operating Group: t.me/nasnodeCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioVote for the name of the next version of Nebulas! was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
20. 02. 26
The first PoD governance vo...
Recently, the node penalty rules have ignited a discussion among node operators. As a result, a proposal was initiated: Marks Proposal: POD Block Generation Penalties (NIP199) https://go.nebulas.io/proposal/199This proposal seeks to see if others in the community feel the current node penalties need to be modified.The Nebulas Foundation decided to adopt the proposal and launch it as the first community vote this year. The Governance Committee will vote for this proposal next week.Current penalty structure:The rules of governing the network and subsequent penalties is a comprehensive problem. It is necessary to guarantee the stability and security of the main network thereby severely punishing the perpetrators. At the same time, we must protect the assets and benefits of node operators.For a full overview, please refer to the Node Decentralization Plan Based on Proof of Devotion at: https://wiki.nebulas.io/en/latest/node-strategy/consensus.html#penaltiesThe current penalty rules are as follows:Status of the testnet node penalties:Since January 8, over 60 nodes have been involved in this phase with 52 nodes successfully deploying and generating blocks. Node operators include the Exchanges, Wallets, Blockchain Projects, Mining Pools, community members, Media, Community Organization and others. Among them, 9 nodes have had the situation of not producing blocks, when expected during a cycle leading to a low-security level penalty 6 times. In addition, there have been 11 times where a node triggered a medium-security penalty (not producing any blocks for a cycle).Of course, the penalties currently incurred are all testnet assets. However, once the Node Decentralization Program is launched on the mainnet, actual Nebulas assets will be locked.Problem:The current design conflicts with the primary focus of minimizing node downtime. Once a node is not available for block generation when expected, it’s very likely for it to not be available for the remaining cycle (approximately 52 minutes). This leads to further downtime, the drop of the node Stability Index (SI) as well as assets being locked.Currently, the SI rating due to missing blocks drops linearly, from the outage out to the restoration time. On average, it takes two days (because of the probability problem, time difference, inexact value) the SI rating to recover as well as a 5% penalty (about 1000NAS, according to the current currency value of about 600 US dollars). All nodes require a minimum of 20,000 NAS as collateral, however, when a node is hit with a penalty, the collateral level drops below the minimum. In this scenario, a node must deposit enough NAS to retain the 20,000 NAS level. Due to this loss, the network loses an active node thus being potentially less stable.Existing solutions:Currently, there are some functions for the above situation, to protect the interests of node operators. We believe that the best solution is to use a variety of monitoring services and early warning measures to avoid nodes potentially being punished. Emergency response is an important requirement when problems arise.Active suspension of nodes:If the node operator has special circumstances and needs to suspend the server operation, such as server relocation, they can temporarily disable it from the candidate pool via their node management control panel by selecting “Suspend Node” located at node.nebulas.io. Once suspended, the node enters a suspended state and the node details page will display the suspension flag. Community members can still cast NAX to the node, but the node will not participate in the candidate pool until the node suspension is canceled via the node operator. This period does not affect the stability index of the node.However, if a node is actively participating in consensus, it cannot be paused. The pause state will begin from the next polling cycle.Block and Penalty Message Reminders:When a node misses a block or is punished, the registered mailbox of the node receives a notification. The contact email address is a mandatory requirement. All node operators must make sure the enter email address is correct.Adding multiple contact email addresses is currently not supported. It is suggested that the node operator utilize an email accessible from a mobile for quicker response; email forwarding to a node support team is also a good idea.Current node operators can also fill in social platform information, however, reminders via social platforms are not yet developed. This is due to different countries’ habits, such as WeChat and Telegram reminders. Community developers are invited to participate in the development of a notification widget.Server Monitoring Configuration:It is recommended that the node operator turn on the VPS/Bare Metal Service Provider Monitoring so that any downtime can be reduced to a minimum.For example:Status monitoring: Downtime, CPU, memory;Alert configuration: For example, 90% of the memory is used for early warning, and the downtime is used for alarm.Emergency measures: Such as an automatic restart of the node.It is strongly recommended that automated emergency measures be set up to respond to issues in a timely manner. We have also organized help documents and give some recommended monitoring services.Governance Mechanism — Unfreezing Penalty:The node operator can publish a complaint at the voting stage of each governance cycle. The governance node will have the final say whether penalty funds should be returned.Planned improvements:In order to better monitor node status, in addition to existing features, information presentation will be enhanced and more tools will be added.Node platform information display:Real-world situations such as increasing CPU, memory, and transaction volume show that node operators and community members can clearly see the actual state of each node server.Self-built log monitoring platform or data panel:Open API interface, recommended use of telegraf, developers can build their own node monitoring platform, or build node-related data panels for communities.More detailed error status display:In the process of building the node, provide more detailed error state display, convenient node operator query. For example:Node synchronization did not complete: Displays the synchronization height and current height;Profile configuration error: The mining configuration is not opened and the mining address is configured correctly.In summary, the current punishment rules and node monitoring measures ensure a stable network. If the PoD governance vote is passed next week, a proposal for new penalty rules will be launched on go.nebulas.io, Nebulas’ community collaboration platform. If the vote fails, the penalty rules will remain unchanged for the launch on the main network. Regardless of the results, the help documentation, API development, etc… mentioned above will continue.The first governance committee will consist of the 51 consensus nodes that have produced the most blocks on the testnet during the PoD test phase. The node operators are invited to participate in the first PoD governance vote as to whether the current punishment rules need to be adjusted.Community members are always encouraged to make recommendations on the Nebulas community collaboration platform go.nebulas.io. Whether you are a developer or not, you can give your valuable opinion.Learn more about Nebulas:Official website: Nebulas.ioNode Platform: node.nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenTelegram Node Operating Group: t.me/nasnodeCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioThe first PoD governance vote: Should the node penalty rules be adjusted? was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
20. 02. 25
Nebulas Node Decentralizati...
Nebulas Node Decentralization AMA Review — February 21st, 2020Recently, some of the node operators participating in the Nebulas PoD decentralization testnet program joined us for a live AMA session on the Nebulas Telegram channel (t.me/nebulasen) to answer questions from the community.The participants includedVit Parkhomenko from EverstakeWebsite: https://everstake.oneTwitter: @everstake_poolNebulas Node Details: https://node.nebulas.io/detail/everstakeFuture Staker from StackOfStakeWebsite: https://stackofstake.comTwitter: @stackofstakeNebulas Node Details: https://node.nebulas.io/detail/stackofstake001Sili Zhao from InfStonesWebsite: https://infinitystones.ioTwitter: @InfStonesNebulas Node Details: https://node.nebulas.io/detail/infstonesOliver Shi from AllNodesWebsite: https://www.allnodes.comTwitter: @AllnodesNebulas Node Details: https://node.nebulas.io/detail/allnodesElaina (Shengnan Zhang) from BTCU (Blockchain Technology Community of Universities)Website: http://www.btcu.pro/WeChat: Groups to join are located on their siteNebulas Node Details: https://node.nebulas.io/detail/BTCUMost of the questions asked during this event were submitted on the Nebulas Sub-Reddit located at https://www.reddit.com/r/nebulas/comments/f4efzi/nebulas_live_ama_node_decentralization_english/If your question did not pertain to nodes, please visit the above URL for replies from Nebulas founder Hitters Xu.Below is the transcript from the 90 minute AMA session. The AMA session was moderated by Dustin K (@satoshibytes).We would like to once again thank the AMA participants for sharing their time and insight into the world of blockchain, staking and node operation.Start of AMA: 7:30 p.m. Pacific time.Dustin KWelcome everyone to the Nebulas Node AMA!This is a special event with some of the top node operators that have been participating in the testnet program and will be joining the mainnet launch next month.During the AMA, if anyone has some questions for our participants, please be sure to ask!Let’s take a moment to hear from our AMA participants who are located around the world & learn more about their services!Hello @vit_park from Everstake.one. Thanks for being here.Vit | EverstakeHi guys, excited to be here and thank you for doing this AMA!My name is Vit, I’m a project manager at Everstake. Everstake is a staking platform that currently operates in 15 different blockchains and exploring about 10 more. Our main goal is to make staking a household name. Currently, the amount of assets staked with us is about 1 billion dollars.Dustin KExcellent. Quite a big operation you have!Hello @FutureStaker from stackofstake.comDustin KWould you like to share a little about your platform?Future StakerHello everyoneThanks for inviting StackOfStake to this AMA.We are excited to be here and be Nebulas node operator.We are also operating the nodes at 50+ other blockchains and providing staking services.Dustin KWe’re honored to be one of your node partners!Oliver ShiThanks @Satoshibytes and everyone here!I’m Oliver and I am BD manager at Allnodes. We are a masternode and staking service provider. Allnodes currently support 16 protocols (more coming soon), and more staking service coming in Q1 2020. Right now there are over 5500 masternodes managed by our solution.Dustin KThat’s quite an impressive amount of nodes. Thanks for being here.Hello @silizhao55 from infinitystones.ioSili Zhao | InfStonesHey friends, excited to join the AMA today!My name is Sili and I am from InfStones, a group of professional blockchain enthusiast located in sunny California.InfStones is a Silicon Valley based Blockchain Infrastructure and Platform as a Service provider, staking is one of the most important applications running on our infrastructure.Dustin KWe’re excited to have you here and your insight in the blockchain ecosystem!Sili Zhao | InfStonesWe have been actively participating in the staking ecosystem and providing reliable services since 2018; currently elected super nodes on EOS, TRON and almost 30 DPoS and PoS chains.Oliver ShiThanks @Satoshibytes, we are also very proud of our automated hosting/setup process, state of art UI, and aiming to provide the best UX.Dustin KAwesome! Thanks for sharing.And finally, hello Elaina from BTCU — btcu.pro which stands for the “Blockchain Technology Community of Universities.”Future StakerSome many strong players are hereSili Zhao | InfStonesThanks Dustin!! We are thrilled to get to know the community!Shengnan ZhangThe BTCU (Blockchain Technology Community of Universities) was sponsored by the leaders of blockchain associations from more than 30 top universities in China, including Tsinghua University, Peking University, Zhejiang University, and Fudan University. At present, there are more than 2,500 students in the community, and the student group is covered by the official associations of various universities up to 4000+. It is the largest and most influential university blockchain community in China. We hope that we can participate in the development of Nebulas through being Nebulas node operator.Dustin KWe’re excited to learn more about yours and our other participants services!Perfect, thank you. Quite the list of participants you have there!Everyone ready to answer some questions?Future StakerYep, let’s go.Vit | EverstakeBring them on ;)Oliver ShiThat’s why we are here right?Dustin KHere’s the first one.Question: What are your main considerations when choosing to participate in the Nebulas node decentralization project and what do you consider the long-term process in the blockchain industry?Dustin K@olivershi Would you like to take this one first?How about @vit_park What do you think?Vit | EverstakeBefore we join a project, we do our research and analyze several vital criteria to make sure that it can perform well and will continue to develop. We see this in Nebulas and will be happy to contribute as many of our resources as possible to help the network grow.Dustin KThat’s great to hear!Dustin KWe look forward to further integrating the node operators into the governance system!Nebulas in general or users platform base?Instagram@KevzerianWhat niches y‘all aiming for?Vit | EverstakeWhat do you mean by niches?Instagram@KevzerianI mean your devs on what they work actually on the nebula blockchainDustin KGood question. Anyone would like to answer this?Vit | EverstakeTrue, a node operator is not just someone who can run a node, there’s so much more to it.Oliver ShiFor Allnodes we look at the team, project’s uniqueness, innovation, user participation, and the long term potential of the project and direction it’s going in.For us, we want to focus on providing great masternode, staking, and other related services to networks and users, and grow with the industry.Future StakerNode organizations are mainly working in providing a staking services and solutions. As miners are essential for Bitcoin networks — in the same way professional node operators are important for the strength of POS blockchains.Vit | EverstakeSo far, we’re exploring a few ideas we have for Nebulas and the best way to implement them. Stay tuned for updates!Dustin KThat’s very true. People forget that there is still a technical hurdle to overcome even with staking.Vit | EverstakeWe have experience building wallets, explorers, dev tools and many other things. So, we hope to share our expertise with the Nebulas community.Dustin KElaina from BTCU would like to add anything to this question?Shengnan ZhangBTCU will continue to promote blockchain education among university student groups this year, and will continuously launch multiple hardcore courses, with the primary goal of enabling students to get started on the blockchain. I hope that in this process, we can cooperate and develop together with Nebula Chain.Dustin KYour project often conducts technical reviews and such, correct?This is what the next level of adoption needs! People still in the education system learning more about DLT and blockchain. Thank you for your comment.Vit | EverstakeAlways actually ;)Dustin KNice! Interested parties can find that on your site everstake.one, correct?Let’s move on to the next questionQuestion: What do you think is the difference between the Nebulas PoD Node Program and the other node and staking projects you’re involved in?Instagram@KevzerianI have More Questions about Marketing but this isn‘t the place for, Right ?Dustin KNo, not for this AMA. We can talk later about this.Vit | EverstakeSureDustin KWho would like to go first? @silizhao55Sili Zhao | InfStonesSureSili Zhao | InfStonesProof of Devotion is a consensus algorithm that has made innovative improvements on PoS. The number of votes is no longer the sole criterion for node selection, but considerations for node performance, stability, and time it has been participating in the ecosystem have been added to the mix.Sili Zhao | InfStonesInfStones has developed an automated node management system covering anything from monitoring to maintenance and automated upgrade to ensure high availability and reliability. Nebulas’s PoD incentivizes nodes to ensure that their tech and setup are up to par of what the network demands, help the community to choose nodes that are contributing to a stable ecosystem. A stable ecosystem means stable return for the delegators.Dustin KThat’s a great point. Reliability is mandatory for the return of the delegators.Elaina, what do you think?Shengnan ZhangThe three points that impressed me most about the Nebula PoD node plan are the following parts :1. It adds a weight coefficient such as contribution, and it is no longer only based on the voting volume;2. It contains the rewards for governance, urging nodes to participate in the governance ecosystem of Nebula;3. Nebula has a good collaboration platform GoNebulas, which can be well integrated with the PoD node plan.Dustin KGreat, thank you. Nebulas is working very hard at the moment to further integrate the governance service with go.nebulas.io.@olivershi I see you typing. Any thoughts you would like to add about this question?Oliver ShiI believe Nebulas PoD is going in an interesting direction on top of PoS. I believe it’s structure recognize the value of individual users and node operators more than simple PoSDustin KYes, that’s what we are going for. Add additional dimensions to common PoS.Thank you for your comment.Alright, let’s move on.Question: We know that the PoD node program and the governance part will vote on GoNebulas. Have you ever heard of the GoNebulas platform?Who would like to go first? Elaina?Shengnan ZhangWe are very concerned about the GoNebulas platform. As I said before, BTCU itself is a distributed collaboration organization of various universities. We believe that the GoNebulas platform launched by Nebulas is a very useful collaboration template. BTCU is also developing its own collaboration platform. We believe that such efforts made by Nebula Chain and BTCU will have extremely wide application value in the future. It will greatly reduce the cost of collaboration between people who do not trust each other.Dustin KYes, good point about reduction of cost.Future StakerGoNebulas platform is one of the core elements of Nebulas project. StackOfStake team is actively participating in discussions and creating their own proposals. We have noticed that with the launch of the PoD Node Program the number of decent proposals significantly increased. And this is obviously a good trend 😎Dustin KYes, I have read the proposals from StackOfStake. They are logical and thought out. Thank you for participating.Vit | EverstakeThe idea is not unique but still very new. So, it’s interesting to see how GoNebulas can learn from others and do things in its own way.Oliver ShiGoNebulas is a good way to fuel creativity and growth within the Nebulas ecosystem, and great thing for long term, sustainable growth. Hope to see even more action on GoNebulas with the PoD.Dustin KYes, so do we once it’s part of the governance process.Future StakerMany projects are researching and innovating in this field. I’m confident that we will see a lot of great solutions and improvements in the future.Dustin KThank you for sharing your opinion.Vit | EverstakeSure thingOliver ShiWe at Allnodes are aiming at creating the most user friendly masternode and staking experience ever, at the end if something requires a length setup time and great technical knowledge that would be a major barrier from mass adoption by average users like you said.Dustin KAbsolutely. Simplicity to begin is key for newbies.Vit | EverstakeIt might come out a bit confusing but what I meant was that it’s great not to be the first in some respect. We can learn from the mistakes of others while also implementing our own thing.Instagram@KevzerianThe More Important thing is to Build a real user friendly interface/use case to get faster adopted from the Mass — it would be great to catch the younger Generation for Example the gamersDustin KI too believe gaming will be huge on blockchain — eventually! What do our node participants think about gaming on the chain?Instagram@KevzerianGamers are the only ones who can make this chain great, or try to show someone with age 30+ what is a node, what is a blockchain how to stack, and and and they will give up After 10mins going to traditional marketsDustin KVery true. We’re still in a revolutionary phase pertaining to blockchain. Every success and failure contributes to the whole.I believe the key to blockchain gaming is to make the blockchain part invisible to the end-user — unless they have a specific task to perform.Vit | EverstakeI think it’s not about the age, it’s about the process and how seamless it is. To the point that my mom can stake by herself without requiring my help, that’s my definition of simple and seamless.Future StakerThe generations are changing each others. What was weird and hard yesterday — is very natural today.Sili Zhao | InfStonesUsability has always been at the center of the blockchain research and we have seen great improvements compared to just a year ago. Most of us have a goal of never have to explain anything and just smooth user experience.Oliver ShiPersonally I think this is a problem that blockchain is facing. Lots of focus on technology but not enough on solutions. In the end it’s about creating value to the users, while providing great UXSili Zhao | InfStonesAgreed, tech always starts small and grows from thereDustin KGreat answers everyone! Thank you @kevzerian for posting the question.On to the next question!Question: Do you have any plan to distribute the PoD rewards to community members who support your node with NAX?@FutureStaker would you like to take this one first?Future StakerWe definitely do! After the testnet phase will be finished (March 2020), we are going to distribute some amount of NAS earned by StackOfStake node to the individuals who are supporting our node with their NAX. We will choose the most active and valuable Nebulas community members to work with us and earn from StackOfStake node. The individuals who are interested in voting with NAX for StackOfStake node can already me.Also, during 2020, we are planning to start to offer NAS staking services at our platform https://stackofstake.com/It will be very exciting 🤘Dustin KThat’s truly great to hear. Support the community and they will support you.Elaina What is your plan and perspective?Shengnan ZhangWhat we hope is to work with NAS believers in the community to build a nebula ecology in a long-term and continuous way, and plan to return 80% to 85% of the node’s receipts to NAX’s voting supporters. The revenue part is used to bear the cost of nodes and later used in the promotion of the nebula chain university circle. We will take a snapshot of the results of votes randomly at 9–12 o’clock daily , publish and distribute the revenue at the end of each month. After building trust with voters, we will maintain the frequency of monthly dividends to reduce costs.Dustin KWow, that’s an impressive goal.@olivershi what is the plan for Allnodes?Oliver ShiAllnodes is planning on distributing 90% of all rewards to users that support our nodes with their votes.We will have special intros at the beginning with 100% going to our supporters! More details will come later. Make sure you mark www.allnodes.com hahaDustin KThat’s great. The community should be excited about the offerings from the node partners.Next question — it’s a bit of a challenging one.Question: What distinguishes Nebulas from other similar projects that are developed by competitors?@FutureStaker what do you think?Future StakerIn my opinion, most of the new strong projects are heading in a very similar direction: building the community and improving governance tools, exploring the new economy models for the fair coin distribution, etc.But we also see a number of unique things that strongly distinguishes Nebulas from other projects. One of them is Nebulas Rank. We feel that this feature can open huge opportunities for the project in DeFi, especially if Nebulas will succeed in cross-chain interoperability.Dustin KWe too see Nebulas Rank playing a big factor in the future of Nebulas and even DeFi — possibly giving a new level of trust to users.Instagram@KevzerianWhat makes your service better than own a node by myself ?Dustin KI think all our participants can answer this question and all a bit different.Instagram@KevzerianHosting a node means to me I have to stack my coins to a third party with a risk to get exit scammedVit | EverstakeYou can always do that. It’s an option for most of the PoS blockchains out there. If you have the technical skills, then I’d say do it, better for the network.Future StakerStackOfStake could probably provide Nebulas node hosting services too, if there will be a demand.Dustin KThat’s a very interesting perspective stating that those capable should manage their own node for better decentralization.Sili Zhao | InfStonesI sense that you are a tech savvy participant in the community! But not all who wish to participate has the ability to do that. It is like cooking a perfect gordon ramsay beef wellington, If I try that, It might be not desirable lolOliver ShiWe are a non-custodial, masternode setup process just take a few clicks, we have a state of art UI and dashboard for you to manage your node or even multiple nodes at once in an easy and clear way.We take care of all the backroom tech stuff, so you don’t have to do anything, we manage all the updates for you.99.99%+ SLA, cost efficient, and already trusted by 5600+ nodes :)Sorry forgot to @kevzerianVit | EverstakeOh man, we’re all for it, this is a space by enthusiasts. The truth is not many people realize that once the networks takes off it becomes a full time job.Future Staker😝 Great comparison!Sili Zhao | InfStonesIsn’t that a truth!! Full time job it isDustin KJust like the early days. Love it!Vit | EverstakeI think you’re confusing custody with staking. By staking you don’t give access to your coins to anyone. You’re in control all the time and node operators can’t do anything.Dustin KVery insightful answers from everyone about this topic. Thank you.One last submitted question for the night.Question: In 2019, staking was a major topic for many projects. Going into 2020 and beyond, do you think this will continue and will we see less development on PoW chains?@vit_park what do you think?Vit | EverstakeWe’re talking cross purposes here. You asked: why trust you and not run you own validator. And that was the the answer to that.Vit | EverstakeIt’s not only what I think, the data shows. The people are getting more interested in it. Don’t get me wrong PoW has its own place and there are lots of people backing it up but PoS can offer many things that PoW will never be capable of. PoS with staking is currently the driver of the industry and more and more people want to be a part of it.Dustin KVery true, Do you think this has a lot to do with semi-passive income or is it deeper such as POW being a “waste of energy?”Pradeep Kumar Nallan invited Pradeep Kumar NallanDustin K@olivershi and @silizhao55 what are your thoughts?Sili Zhao | InfStonesEth 2.0 is about to go live in 2020; a project ranked 2nd in market capitalization offering staking to the public will bring more attention and participation to the space. We will also witness a lot of high-quality projects like Nebulas open staking to the public.Vit | EverstakeI guess it’s many-fold. For some it’s staking and passive income, for some it’s the governance and voting, others choose it because of environmental reasons.Oliver ShiStaking had a great year in 2019, and we believe it will grow even more in 2020. It is becoming an essential and stable part of many network, and it will be a very important element for the future of the industry. However I don’t think PoW is going away just because PoS and staking are getting popular, IMO they are attracting people with different mindset and visions.Future StakerYes, I agree that the release of ETH 2.0 will give a good push for all POS networks, including Nebulas.Sili Zhao | InfStonesBeen in the PoS space for long, we have witness tremendous growth in projects utilizing PoS or its derivative consensus. As the blockchain industry keeps growing, there are a lot resources been injected to the industry. It is possible to see that both PoW and PoS getting more development at the same time; but there is no doubt that PoS is currently enjoying a much higher growth.Dustin KWith ETH 2.0 becoming PoS, do you think miners will disappear or will they go to another chain such as ETC or DCR since they are similar algorithms?Insightful. Thank you for the response.Future StakerWith the release of ETH 2.0 we will definitely see the redivision of hashrate between all GPU-friendly networks. I will not even wonder if something like Ethereum Original fork will be released 😄Oliver ShiI agree on the ETH 2.0 being a major influence factor here, then it’s about how different visions and executions everyone have will shine and get accepted by users and the market.Dustin KExcellent answers and insight into this complex world. Thank you everyone for the responses!Before we go, does anyone joining us have a question pertaining to nodes?Or the services offered by our AMA participants?If not, I will give you all one last question that has been talked about by some node operators.Question: Recently, there has been talk about modifying the penalty mechanism. As node operators, what do you think about this?Elaina, any thoughts you would like to share?Future StakerAt StackOfStake, we think that this proposal definitely makes sense. Current penalties structure is too strict. By lowering the penalties node operation will become more desirable without major impact to network security.Dustin KThank you for your answer. This topic will actually be the first voted item for the governance council which will occur by the end of the month. It will be interesting to see the results.@silizhao55, @olivershi, @vit_park any opinion about this?Future StakerLooking forward to it 🙌Vit | EverstakeAt the beginning the penalties should be mild, let the network and the operators mature a bit. After that they can be changed to harsher ones.Dustin KVery interesting take. It does make sense.Sili Zhao | InfStonesdiscussions on governance is always a good indication of a healthy network. But a lower penalty makes sense especially at the start. We should encourage more participant to try and find areas to improve in the network but not punish those who participateOliver ShiI believe in striking a reasonable balance. It should encourage operators to be reliable and add value to the network but not to scare them away. A break-in period like @vit_park said is greatDustin KGood suggestions from all.Dustin KWell, I think this will wrap up this AMA session. I look forward to the PoD mainnet release next month and seeing Nebulas finally decentralized with the help of the node operators.Sili Zhao | InfStonesIt is exciting to know that everyone here is a part of a prosperous future for Staking and PoS 😁.Future StakerThx for having us!Instagram@KevzerianHave a good day @ allVit | EverstakeThank you for having us. This was fun! You all have a great day/night!Oliver ShiThank you Dustin for hosting this AMA, and everyone for being here. Come check out our service at www.allnodes.com , you can always start with a free node monitor service just to see what it’s like!Sili Zhao | InfStonesGreat to meet you all!Future StakerAnd thank you for moderating it. You are doing a big piece of work for Nebulas. Worth clapping 👏Dustin KMuch appreciated. Thank you!Thank you all for joining this event and a special thank you for our participants and not just for the AMA but for supporting the future of Nebulas!End of AMA: 9:00 p.m. Pacific time.Learn more about Nebulas:Official website: Nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioNebulas Node Decentralization AMA Review — February 21st, 2020 was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
20. 02. 24
Nebulas Node Strategy Testn...
Nebulas Node Strategy Testnet Program Weekly Report (Week 6: Feb 12 — Feb 18)Six weeks have passed since the node strategy went live on the testnet and thus far a total of 57 nodes are currently participating with 52 nodes participating in block generation. The participating nodes will share the testnet incentives of at least 200,000 NAS.Progress from last weekPoD governance mechanism development continues.The smart contract and the node platform have been developed. The related collaborative development of the community collaboration platform GoNebulas is underway. We are also dealing with transferring the on-chain and off-chain data between the two platforms. All data related to governance voting will be on-chain.PoD consensus mechanism testing.Continued testing the stability of the network.Plan for next weekPoD governance mechanism testing.The governance mechanism is being internally tested. After the internal testing is completed, the governance mechanism will be released on testnet for further testing.PoD governance voting testing on testnet is coming soon.The top 51 consensus nodes that have produced the largest number of block can participate in the PoD governance voting test. The proposals to vote on currently include:A. Marks Proposal: POD Block Generation Penalties: Since this proposal is about PoD penalties, it would be better to compete any updates prior to the mainnet launch.B. Join the technical committee(TBA): More details are coming soon. This will be closely related to community collaboration platforms and governance.C. Nebulas Awareness Development & Content Creation PlanD.Open NAS nano wallet to vote on tokens, so that the distribution of node benefits can be recorded and managed through NRC20(Chinese)For more information about the PoD governance mechanism, please read Node Strategy: Governance Mechanism. Details about the first PoD governance voting will be announced next week.WIKI updates.The recently collected node-related technical support and FAQ will be compiled into wiki.nebulas.io. At the same time, the community is welcome to make suggestions on content organization, and participate in writing and translation. If you have specific suggestions about the wiki, you can also submit a proposal at https://go.nebulas.io.Community participationParticipate in the development of contracts and tools related to the node strategy.We will open some bounties according to the community suggestion. You can apply on the Nebulas Community Collaboration Platform. You are welcome to learn the new bounty：Node Strategy Smart Contract Template.You can also submit your proposal on go.nebulas.io.Name the latest and greatest version of the Nebulas blockchain!The first price is 500NAS. We have already received 30 names when it published in 2 days. More details: Name the latest and greatest version of the Nebulas blockchain!PoD node AMAInfStones, BTCU, Allnoodes, StackOfStake, MRH2 and other nodes performed a online Chinese AMA on WeChat group on February 19. Everyone is interested in the proof-of-devotion mechanism (PoD) combining block generation and governance. They are full of expectations for decentralized community collaboration, and also introduced the benefits of their nodes. For a text summary, please refer to 铁头群 [PoD node debut round-table meeting: (https://mp.weixin.qq.com/s/xF4T5MOq_FFVPLIZROTQ2w) (in Chinese).There will be an English Online AMA in the English Telegram group on Friday, February 21. Allnodes, StackOfStake, Everstake, InfStones, BTCU, etc. will communicate in English. Everyone is welcome to participate.Learn more about Nebulas:Official website: Nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioNebulas Node Strategy Testnet Program Weekly Report (Week 6: Feb 12 — Feb 18) was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
20. 02. 20
Name the latest and greates...
Introduction to the new version of the Nebulas mainnet:The new mainnet will add the Proof of Devotion (PoD) mechanism which is the most important upgrade since Nebulas NOVA. PoD is one of the core mechanisms of the Nebulas blockchain and is one of the many unique features when compared with other blockchain projects. This novel consensus mechanism is built on the basis of the contribution size of the community. The mechanism comprises two parts:Consensus mechanism: Once PoD goes live, the Nebulas blockchain will be fully decentralized relying on the community for node operation.Governance mechanism: The consensus nodes which produce the most blocks will be chosen to be governance nodes and will decide if proposals submitted on Go Nebulas will be approved and become active projects. All governance votes will utilize on-chain voting.PoD is Nebulas’ method to decentralize collaboration. Since its establishment in June of 2017, Nebulas has focused on dealing with complex data and interactions, complex collaboration relationships and innovative technologies to manage on-chain assets. In addition, we have been exploring new decentralized collaboration models that provide positive incentives and self-evolving decentralized autonomous organization (DAO). Currently, there are more than 338,000 Nebulas mainnet addresses with over 36,000 users. Nebulas has hosted offline events spanning 10 countries and 21 cities.To learn more about Nebulas, visit: nebulas.ioIn addition to the decentralization of Nebulas nodes and community project governance, PoD will be combined in the future with Nebulas’ unique technologies such as the Nebulas Rank (NR) which will aim to explore more incentive scenarios.To learn more about PoD and node decentralization, visit the PoD whitepaper.Nebulas version naming requirements:Must be related to celestial bodies — similar to the first two versions;Symbolize features of the new mainnet;Keep it short. Suggested length is one to two English words;The final result shall be in English.Previous names and why they were chosen:Eagle Nebula: The pillar of creation is located in the Eagle Nebula which corresponds to the Nebulas mainnet launch event in March of 2018. This launch realized the basic functions of the public chain;Nebulas NOVA: Initial release of the Metanet designed to discover the value of blockchain data. Launched December of 2018 with the release of Nebulas Rank (NR), Developer Incentive Protocol (DIP) and other features.Participation in this event:A) Name suggestions can be made from February 17 to February 26, 2020Make a reply to this discussion in the following format: [English Name]+[Reason for naming];If there are any duplicate suggestions, the first person to suggest the name will be selected.B) From February 27 to February 28, 2020, the community will decide via on-chain NAX votingThe Nebulas Foundation will screen and organize the collection of names. Voting will take place one day prior to the launch of the latest mainnet version;All Nebulas community members can participate via NAX voting. There will be no limit on the amount of NAX used for voting;The name which receives the most NAX votes will be selected. If two options receive the same amount of NAX, the name will be selected based on which name received their votes first.Rewards:First place: 500 NAS award and will be used as the official name for the Nebulas launch;Second-fifth place: 5000 NAX per personParticipation:To give your suggestion, visit https://community.nebulas.io/d/675-name-the-latest-and-greatest-version-of-the-nebulas-blockchain/29.Name exemptions:The Nebulas Foundation reserves the right of final naming decision. In the event of a mischievous, humiliating or discriminatory name, the Nebulas Foundation has the right to disqualify the option from the list.Nebulas FoundationFebruary 17, 2020Learn more about Nebulas:Official website: Nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioName the latest and greatest version of the Nebulas blockchain! was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
20. 02. 19
Proof of Devotion (PoD) wil...
In March 2020, a new version of the Nebulas mainnet with the Proof of Devotion (PoD) will launch. The PoD consensus mechanism is based on the contribution of the community which includes two components: consensus mechanism and governance mechanism. Once PoD goes online, the Nebulas mainnet network will be fully decentralized — including community collaboration and governance. Community members can obtain mining rewards via the operation of nodes as well as jointly build the Nebulas ecosystem via decentralized voting. This is a big step for Nebulas’ decentralized collaboration plan.Preliminary PreparationGovernance mechanism development and testingThe consensus mechanism was launched on the test network on January 8. The Nebulas team is working with community node operators to test system stability, attack resistance, node block penalty mechanisms, node voting mechanism, node management platform, and the user experience. The current governance mechanism is under development and it will be launched on testnet late February with a test of it being completed this month.Testnet incentive campaign endsEnd time: The testnet incentive activity will end when a to-be-determined block height is reached. The estimated time for this is from the end of February to the beginning of March. Reward amount: The monthly reward total for all node operations is 150,000 NAS which began on January 8; the total reward is expected to reach 300,000 NAS.Reward distribution: After the to be decided block height is reached, the list of valid nodes, online duration and the reward amount of each node will be announced to the community. Rewards will be issued after the public announcement.What the node operators need to do: Be sure to keep your node in a normal operation state prior to be specified block height, otherwise it will affect your node’s revenue.Mainnet launchCode release: the most important update since Nebulas NOVAThe consensus mechanism and governance mechanism will be launched on the mainnet together. This upgrade is the most important upgrade since the release of Nebulas NOVA in 2019, and it will mark the decentralization of the Nebulas blockchain. It will involve a full range of updates including the mainnet, related smart contracts, node platform (node.nebulas.io), Nebulas community collaboration platform (go.nebulas.io), web explorer (explorer.nebulas.io), and more.Node preparation: Open applications for community nodesAll node application information during the test period will be retained for the mainnet launch regardless of whether the node normally generates blocks on the testnet. Therefore, the nodes that have already applied during the test period do not need to repeat the application process. If the node is willing to continue operating, the following operations need to be completed:Technical upgrade: After the new version of the mainnet is officially released, you need to switch from the testnet branch to the master branch, compile the updated code and complete the mainnet data synchronization. Related help documentation will be released this month;Node requirements: A pledge of 20,000 NAS, participating in node voting and a minimum of 100,000 NAX. For specific node selection rules, see: https://wiki.nebulas.io/en/latest/node-strategy/consensus.htmlThe node application invitation system phase came to an end when the consensus mechanism launched on the testnet. Once the update goes live on the mainnet, the application process will be fully open to the community. When the mainnet reaches the to be determined block height, PoD will be officially launched.Stay tuned for the specific block height when PoD goes live and this momentous occasion of the Nebulas blockchain!Learn more about Nebulas:Official website: Nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasio
20. 02. 13
Nebulas Monthly Report — Ja...
Nebulas Monthly Report — January, 2020Learn more about Nebulas:Official website: Nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioNebulas Monthly Report — January, 2020 was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
20. 02. 04
Nebulas Foundation Financia...
Nebulas Foundation Financial Report — Second half of 2019To all Nebulas community members:The Nebulas Foundation has officially released a detailed Financial Report for the Nebulas community. The disclosure period of this financial report is August 1, 2019 to December 31, 2019; the next report will be released in July of 2020.In order to adhere to the principle of openness and transparency of the Nebulas Foundation, we sincerely invite the community to supervise the use of funds, the development process and all aspects of the Nebulas Foundation.Nebulas Foundation1.31.2020To view the Nebulas Foundation English Financial Report, visit: https://nebulas.io/docs/NebulasFoundationFinancialReport202001.pdfLearn more about Nebulas:Official website: Nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioNebulas Foundation Financial Report — Second half of 2019 was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
20. 02. 02
Nebulas Node Strategy (Test...
Nebulas Node Strategy Testnet Program Weekly Report (Jan 15 — Jan 21)Two weeks have passed since the node plan went live on the testnet and thus far, a total of 52 nodes are currently participating with 41 nodes currently in a operational state being eligible to participate in block generation. While there seems to be no change in the total number of active nodes, there are nodes going online to offline and penalties being issued for missing blocks throughout the cycle. This process has been providing valuable data for testing.Progress from last week:A smart contract has been upgraded and the testnet has been updated; each node completed the upgrade process as well. Updates include:Fixed a bug where a block could not be recovered after being punished.Supports the use of registered addresses for node management, including applying for suspension of nodes and modifying addresses. Therefore, you only need to log in to one address in the Chrome extension NAS wallet to complete various types of management, without switching addresses.Performance optimization.Email notification system nearing development completion. We hope to enable it before the Chinese Spring Festival.Notifications include missing block generation, penalties and being elected as a governance node. These notifications will better help the node operator monitor and make timely adjustments.The NAS Chrome extension Wallet which is required by the node platform is still awaiting for review.Users who have installed the plugin must not delete it. Users who have not installed the plugin can download it directly on Github at https://github.com/nebulasio/WebExtensionWallet.Plan for next weekNext week coincides with the Spring Festival holiday. First of all, we wish you all a happy Chinese New Year!Governance mechanism development continues. Development is expected to be completed in February followed by testing the consensus mechanisms and governance mechanisms together.Our staff will be available during the Spring Festival to provide Q & A support for node operators and community members with questions about the node strategy.Node registration is still open to all. During the test period, the node revenue is distributed according to node’s participation rate.Understand testnet node plan: https://medium.com/nebulasio/join-the-nebulas-testnet-and-become-one-of-the-first-mainnet-nodes-65f8ec33891eApply to be a node: https://node.nebulas.io/apply/readyFor instructions of running the node on the testnet, please refer to: https://community.nebulas.io/d/638-testnet-launch-on-8th-january-2020-1-8Learn more about Nebulas:Official website: Nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioNebulas Node Strategy (Testnet) Weekly Report (Jan 15 — Jan 21) was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
20. 01. 22
The node decentralization s...
The node decentralization strategy will launch on the testnet today & marks the beginning of the testnet incentive programThe Nebulas PoD node decentralization strategy to launch on the testnet on January 8th, 2020 Beijing time with the community taking control of the network.We welcome the community to join the test program, share test incentives or to look for bugs to receive incentives. This testnet program will prepare for the mainnet to be launched in February of this year.What’s newThe upcoming update is primarily focused on the consensus mechanism portion of the Proof of Devotion (PoD) mechanism which will simulate the PoD-based block generation method on the testnet: 51 candidate nodes are reviewed based on a comprehensive ranking algorithm; of those 51 nodes, 21 nodes are selected to become consensus nodes. In order to ensure the stability of the mainnet, a variety of block abnormalities will be simulated on the testnet during the testnet program and comprehensive tests will be performed.For details about the consensus mechanism section process, visit: https://wiki.nebulas.io/en/latest/node-strategy/consensus.htmlHow to participate:1. Testnet node planDuring the testnet period, nodes must be invited. Applications for nodes are welcome — if interested, please send an email to firstname.lastname@example.org. During the testnet program, nodes will share a minimum of 150,000 NAS incentives. The test program is being performed without real NAS or NAX. All you have to do is to ensure that the server is online, its operation is normal and it can produce blocks. Learn more at: https://medium.com/nebulasio/join-the-nebulas-testnet-and-become-one-of-the-first-mainnet-nodes-65f8ec33891e2.Bug Reward ProgramNebulas is continuing it’s bug bounty reward and you can learn more at: https://wiki.nebulas.io/en/latest/bounty-program.htmlIf you find any problems or have any suggestions, please be sure to let us know.Next step:In February 2020, the testnet incentive program will end and two major components of PoD: the consensus mechanism and the governance mechanism will be launched on the Nebulas mainnet. This is an important step for Nebulas to move towards being an autonomous metanet. PoD is a comprehensive mechanism based on the contribution of community contributors. Its release will mark the development of Nebulas’ ecosystem and we will enter a new stage of evolution!Nebulas FoundationJanuary 2020Learn more about Nebulas:Official website: Nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioThe node decentralization strategy will launch on the testnet today & marks the beginning of the… was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
20. 01. 08
Nebulas 2020 Roadmap
20. 01. 07
Nebulas Monthly Report — De...
Nebulas Monthly Report — December, 2019Nebulas Monthly Report — December, 2019 was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
20. 01. 03
Nebulas 2019 — The Year in ...
Nebulas 2019 — The Year in ReviewWith Nebulas preparing to take it’s next step toward network decentralization, let’s take a moment and recap Nebulas’ accomplishments in 2019!Learn more about Nebulas:Official website: Nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioNebulas 2019 — The Year in Review was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
20. 01. 02
Join the Nebulas testnet an...
The new Nebulas network with it’s Proof of Devotion (PoD) mechanism will launch on the Nebulas testnet on January 8th, 2020. This will publicly test the consensus mechanism portion of the Nebulas node decentralization plan prior to mainnet release.All are welcome to join the node testnet and share the incentive of at least 150,000 NAS, experience the node process in advance and become the first batch of Nebulas nodes.About the node decentralization plan based on the PoD mechanismThe Nebulas Node Decentralization Plan is the practice of the Nebulas vision: Let everyone benefit fairly from decentralized collaboration.At its core core is Proof of Devotion (PoD), which can be briefly described as a mechanism that is built on measuring the contribution of community contributors in two two parts: consensus mechanism and governance mechanism.Consensus mechanism: Decentralization of main network nodes through node selection;Governance mechanism: A governance committee composed of high-quality nodes which will organize community governance in a representative system.Further details can be found at: https://wiki.nebulas.io/en/latest/node-strategy/README.htmlAbout testnet node planThe release of the consensus mechanism is an important upgrade for the Nebulas blockchain. In order to ensure the stability of the main network, it is necessary to perform testing on the testnet for a period of not less than one month. During the test period, invited nodes are welcome and strongly encouraged to participate in the node plan by deploying nodes.As long as blocks are successfully produced, the test reward will be issued. Interested parties wanting to deploy a node can send an email to email@example.com.When: The testnet will be launched on January 8, 2020 with the mainnet launch occuring February, 2020.Participation method: To register a node, visit https://node.nebulas.io/apply/ready and be sure to have prepared a wallet address and a server that meets the minimum configuration requirements.Once your information is submitted, please wait patiently for it to be reviewed and if approved, you will be able to participate in the program. It is a priority that those participating in the testnet will continue to run a node after PoD goes live on the mainnet. To view a list of currently invited nodes, visit: https://node.nebulas.io/list/inviteDetails on how to deploy a node on the testnet: https://wiki.nebulas.io/en/latest/go-nebulas/testnet.htmlPlease make sure that the server is operating normally during the test. We will randomly send NAX testnet coins to the nodes, simulating the block ranking mechanism and the outflow of blocks. When it is your node’s turn to produce blocks, you need to ensure that the blocks are being produced normally.Note: During the entire testing session, mainnet pledged NAS(official NAS) is not required as well as mainnet NAX(official NAX).Total rewards for all nodes: 150,000 NAS / month.That is, if the actual test time exceeds one month, the total reward amount will increase. For example, after testing for one and a half months, the total amount is 225,000 NAS.Reward distribution: NAS will be distributed according to the amount of time the server is online. The reward formula is as follows:Reward distribution formula: single node reward = single node up-time / SUM up-time duration of all nodes x total incentive amountYou can participate in reward distribution if:Node penalties do not exceed 3 times during the entire test cycle;Successfully producing over 100 blocks.The reward will be sent to the incentive address of the relevant node after the PoD is launched on the main network.Bug Reward ProgramNebulas’ long-term bug bounty program is still active. If you find a bug during the test phase, please submit a bug report. Once your bug is verified, you will receive a maximum of 1,000+ USDT equivalent in NAS reward.Submit a detailed bug report at: https://goo.gl/forms/5ysl61Mjpn6yDEuN2For more details about the Bug Reward Program, visit: https://wiki.nebulas.io/en/latest/bounty-program.htmlNebula FoundationJanuary 2020Learn more about Nebulas:Official website: Nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioJoin the Nebulas testnet and become one of the first mainnet nodes was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
20. 01. 02
Nebulas PoD Node Decentrali...
Nebulas PoD Node Decentralization Strategy — Now Accepting Applications!Nebulas PoD Node Decentralization Strategy Based on Proof of Devotion (PoD) is now accepting applications!To best accomplish the decentralized transition of Nebulas’ mainnet nodes, the Nebulas PoD Node Decentralization Strategy will gradually open node applications to all. Initially, we invite active project, Nebulas partners and community members within the current Nebulas ecosystem to deploy nodes and explore the governance processes in advance to the public release to provide valuable advice for testing and improvement.Starting today, you can click on the application on node.nebulas.io to apply. The Nebulas team will then review all applications and select those who can officially join only the decentralization process.To apply to be a Nebulas node, please ensure that you have the following:1. A Nebulas Mainnet Address in which you fully control2. A server to operate the node that meets the minimum hardware requirements:CPU：>=4-Core minimum (Recommended 8-Core)RAM：>=16GDisk: >= 600G SSDNTP: NTP service is required on the server to ensure correct time synchronization for all operational nodes.View detailed recommended hardware configuration and environment at: https://wiki.nebulas.io/en/latest/go-nebulas/environment.html3. A deposit 20,000 NAS as collateral (no need to submit a deposit before passing the application process)The PoD consensus mechanism will officially launch in January of 2020. In addition, the application process will be opened to in approximately 2 months.At the core of the Nebulas PoD (Proof of Devotion) Node Decentralization Strategy is the Proof of Devotion Mechanism. The idea behind PoD is to provide a measurable value of all users based on the size of their contribution to the ecosystem which includes pledging, consensus and governance mechanisms. With PoD, we plan to not just decentralize Nebulas’ blockchain nodes but also decentralize community governance via the formation of a representative system and government committees.Nebulas is building a new Decentralized Autonomous Organization (DAO) for complex data networks that will fully embrace the community, decentralization and autonomy on a contribution measured basis.Learn more about Nebulas:Official website: Nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioNebulas PoD Node Decentralization Strategy — Now Accepting Applications! was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 12. 17
Nebulas Monthly Report — No...
Nebulas Monthly Report — November, 2019Learn more about Nebulas:Official website: Nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioNebulas Monthly Report — November, 2019 was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 12. 03
Nebulas PoD AMA Review — No...
Nebulas PoD AMA Review — November 27th, 2019On November 27th, 2019, the Nebulas team including founder Hitters Xu and lead developer Larry took to Telegram and answered the communities questions about the design of Nebulas’ Proof of Devotion consensus mechanism.Prior to the live AMA, the Nebulas community asked their questions on the Nebulas subreddit at: https://www.reddit.com/r/nebulas/comments/dzlkz1/live_ama_with_hitters_xu_on_november_27th_ask/For those who missed the live event, here are the asked questions and answers:From: m5jQuestion: How long do you think we will be staying at 51 nodes before opening it up to more?Answer: It all depends on the situation after we launch PoD. Since we have the governance committee, people can propose to increase the number of candidate list if the demand is high. The governance committee will make the decision.From: m5jQuestion: Can you give us more information on how the governance nodes will work?Answer: The governance committee(nodes) are selected from last month which are the most active 51 nodes. They will review and vote for all the proposals provided by GoNebulas management team. In the meantime, they are the person to decide which project to fund, and how much to fund. Please note, firstly, the decision will only be made if it receive ⅔ of approval. secondly, the node who voted will receive governance rewards. However, the node will be prohibited from enrolling into consensus committee for a certain period of time if there are two absences from governance duty consequently.From: satoshibytesQuestion: Do you see PoD evolving from its current presentation and if so, what type of changes do you see possible?Answer: There are some significant differences, firstly, we lower the bar for normal community members, secondly, we encourage more team to join the competition. thirdly, we bind the consensus committee with the governance committee, and the last, the governance committee take more responsibility and have more rights within the Nebulas community.From: satoshibytesQuestion: In addition to NAX, will there be any smart contract to control NAS that a community member wants to contribute to a node thereby decentralizing trust of the node operator?Answer: Yes, it is possible, it is open for discussion. All nodes operator can provide either centralized platform or decentralized smart contract method to enroll and make benefits to their voters.From: junhokkkkQuestion: When you were elected chairman, you said you care about market capitalization, but now you fall to 141st. There is also growing doubts about community rewards in recent years, and there is no specific mention of the buyback program. But we believe in you. Please give a clear answer.Answer: As mentioned above, in PoD mechanism, governance committee have the authority to approve or not for the projects funding. If you have any great proposal and ideas, feel free to post on GoNebulas. If your proposal truly can make a positive impact on Nebulas ecosystem, the governance committee will reward you.Referring to the buyback program, please wait for the official announcements. Since we announced the buyback program in June, it indeed made some progress, however, we also found a lot of problems. We’ll make an conclusion to share with everyone. The purpose for buyback program is to make a sustainable development for Nebulas ecosystem, so I hope the community members do not pay too much attention on this, but pay attention on how to make Nebulas a long term development and more competitive in this industry.From: pam_your_fractalsQuestion: Is there any plans to integrate Nebulas with the mainstream browser plugins? One key to success is, IMHO, having a simple way for average users to operate with the blockchain using the already existing extensions, like Metamask.Will Metamask accept to operate with the Nebulas blockchain? Answer: This is a good idea, we encourage you to submit your proposal in Go Nebulas platform, we would like to sponsor this kind of proposals. Please provide some examples, how other project integrate with metamask when submit the proposal. There’s also another Metamask fork project on Nebulas now, is it a similar idea with yours? https://go.nebulas.io/project/267From: pam_your_fractalsQuestion: Also, are there plans to implement an analog to the ERC-1151 standard? Having both fungible and non-fungible tokens available at once is critical for game development inside Nebulas blockchain. Answer： Yes, it’s possible, did you post this proposal? https://go.nebulas.io/proposal/173However, we didn’t set it as a project immediately, because we would focus on the most necessary and urgent projects at first. Your proposal would possibly can be discussed again when the governance mechanism launch.Thank you to all who participated in this event and we hope to keep hearing comments and suggestions from our global community!Learn more about Nebulas:Official website: Nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioNebulas PoD AMA Review — November 27th, 2019 was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 11. 28
NAS nano Pro updated to bet...
This week, the Nebulas development team released an update for NAS nano Pro. The new version of NAS nano Pro now supports the display of NAX voting. The specific updates are as follows:Support NAX display functionThe main page shows the number of NAX votes.Addition of voting ID’s added to the wallet so you can clearly see voting transactions.The transaction page in the wallet details page displays NAX voting transactions.Download the latest NAS nano ProVisit https://nano.nebulas.io/index_en.html for more details and to download today.Disclaimer1) For any information about Nebulas’ mobile wallet, please only refer to the relevant announcements via the official Nebulas website at nebulas.io.2) Be sure to download and install the NAS nano Pro version 2.6.4 app (supporting both iOS and Android devices) via the Nebulas website or from the links provided in this announcement. Nebulas is not responsible for any loss caused by downloading the wallet from other locations.3) Please be diligent to identify and avoid fake applications, falsified messages, phishing websites, phishing emails, fake customer service, scams, etc… The Nebulas team will never ask users for their private keys.4) Please back up all your NAS nano Pro wallets and keep your private key safe before upgrading to the latest version of NAS nano Pro. Nebulas is not responsible for any loss caused by users or third parties.Learn more about Nebulas:Official website: Nebulas.ioSmart asset platform nextDAO: nextDAO.ioGithub: github.com/nebulasio/go-nebulasNew Telegram(EN): t.me/nebulasenCommunity Forum: community.nebulas.ioInstagram: nebulasioFacebook: @nebulasprojectTwitter: @nebulasioNAS nano Pro updated to better support NAX voting was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 11. 21
|Transaction History||Market||Market||Transaction volume||Address|
|Huobi Global||NAS/ETH||537.61||23,088,073.07||Short cut|
|Binance||To be provided later||To be provided later||To be provided later||Short cut|
|DragonEx||To be provided later||To be provided later||To be provided later||Short cut|
|OKEx||To be provided later||To be provided later||To be provided later||Short cut|
|Gate.io||To be provided later||To be provided later||To be provided later||Short cut|