Nebulas

블록체인 네트워크에서 검색 엔진 기능을 제공하기 위한 암호화폐

home link https://nebulas.io/

reference material

Community

Market
378.84 KRW
Exchanges that listed the coin
5
Symbol
NAS
Dapp
To be released
Project introduction

네뷸러스는 가치 측정, 자체 진화 능력, 사용자와 개발자에게 인센티브를 제공함으로 지속적인 생태계 발전을 가능하게 합니다. 네뷸러스는 사용자에게는 블록체인 데이터에 대한 편리한 접근성을 제공하면서, 동시에 모든 블록체인에 검색(search) 프레임워크를 제공하는 차세대 퍼블릭 블록체인 플랫폼입니다.

Executives and partners

Hitters Xu

CEO

Aero Wang

Co-founder

Zhuoer Wang

Director of Engineering

HTML5

KingSoft Cloud

Medium

Gate.io to open NAX/USDT tr...

By 12:00 noon on May 20th, 205 people had voted 2,095,581 in favor of a NAX/USDT market on Gate.io with over 500,000 votes being submitted within two hours.Previously, Gate.io has supported NAX/ETH pairs and now users will have the opportunity to trade both ETH and USDT for NAX on Gate.io. The NAX/USDT trading will open on May 21st at 04:00 GMT on Gate.io. The withdrawal service will be available afterward.Deposit NAX at: https://www.gate.io/myaccount/deposit/NAXTrade NAX at: https://www.gate.io/trade/NAX_USDTFor details about the voting details and results, visit the Gate.io announcement: https://www.gate.io/en/article/17496What is NAX?NAX is the Nebulas community and ecosystem governance currency obtained through a fair and open method, without institutional financing, public financing or team reserves. It is the governance currency customized by the Nebulas blockchain according to the needs of the community and the ecosystem governance of the public chain. NAX is issued via decentralized staking (dStaking) NAS, so that the community can participate in the public chain governance in a fair and open manner. If you are not yet dStaking, learn more about it at nextdao.io.The current total circulation supply of NAX is 1,034,880,329. The daily distribution volume varies based on the participation rate of the entire network with NAX autonomously being destroyed every cycle. However, the total distribution has a cap of 10 billion NAX and based on the current pledge rate of 45%, the total distribution rate is expected to be around 4.4bn NAX.There are three ways to obtain NAX today:Participate in the decentralized staking of NAS via NAS nano pro to obtain NAX daily. In addition, cold/offline wallets can also be dStaked via the Nebulas Chrome extension.NAX is available for trade on exchanges gate.io and MXC.comNAX is available in SWFT.pro Blockchain via Instant cross-chain swaps.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: @nebulasioGate.io to open NAX/USDT trading with voting support from the community! was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 05. 20

The first PoD mainnet gover...

The First PoD Mainnet Governance Vote Has Ended!The voting results for all projects and proposals are located at node.nebulas.io/governResults17 approved proposals (titles translated)1. Products ImprovementsNAS nano proNIP-7 Improving the Function of the NAS nano Pro WalletNIP-150 Creating csv file to export the transaction history in NAS Nano Pro walletGo.nebulasNIP-121 Establish a Go Nebulas user level identification and reward systemNIP-190 How to reduce the amount of offtopic and spam proposals at Go Nebulas portalNIP-217 Add the functionality to insert photos into proposals on Go Nebulas.Node platformNIP-218 Provide communication tools to better discuss the voting of proposals2. New products/toolsNIP-146 Gaming on Nebulas Part 1 — Godot Engine Plugin IntegrationNIP-188 Google of the Blockchain Meets Youtube of the BlockchainNIP-208 Nebulas Node Monitoring Service3. Node governanceNIP-221 Google-NAS Node Canceling Reward Penalty during Test PeriodNIP-222 Dispute about the reward of Chainnov node during the test periodNIP-232 PoD Penalty Rule Adjustment Proposal4. CreationNIP-155 Creation of Medium English Content & ArticlesNIP-206 Website translation nebulas.io and all the other resources on Russian language!5. PR, marketingNIP-85 Promotion incentives for Nebulas content creationNIP-273 Nebulas Outreach Program — 980USDTNIP-276 WeChat Group Operation(third party) 2020.5–2020.8–700USDTNext StepsGovernance incentives: The governance node will receive an 816 NAS governance award at the beginning of the next governance cycle (approximately May 29).Project Acceptance: Projects that passed the approval rate during the latest governance period will receive a total of 900 USDT equivalent of NAS after the vote.Node requests: The governance committee decided that the 5 nodes whose had 5% of their NAS stake frozen will be unfrozen after the voting.Proposals: The proposals that have been approved by the governance committee will be endorsed by the Nebulas Technical Committee and published on Go.nebulas as active projects.We thank the community users for their active initiative, and we thank the incentive nodes for their efforts in node governance.The PoD governance vote is only the beginning and the next step will require more human effort to get good proposals off the ground. All ideas are welcome to be published at community.nebulas.io for all to join the discussion. Then, make your vision a reality at go.nebulas.io.PoD governance vote will be organized for each governance cycle (approximately one month) to make decisions on proposals and projects.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 mainnet governance vote has ended! was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 05. 04

The first Nebulas PoD mainn...

The first Nebulas PoD mainnet governance cycle is about to begin!On April 29th, the first PoD governance vote on the mainnet network will begin! This will be the first governance cycle since the launch of Nebulas Voyager, marking it an important milestone for Nebulas to implement the Autonomous Metanet.Voting time: Will last between polling cycles 20889–21008–120 polling cycles in total. This will last approximately from April 29, 23:35:30 — May 4, 23:55, 2020 (Beijing time UTC+8)Voting address: https://node.nebulas.io/govern (This page will be updated when the voting period begins)The Nebulas community is welcome to view the node platform and review the governance committee nodes, proposals, projects and to keep up with the voting progress!Voting participants: 51 governance nodes, which consists of many nodes such as Allnodes, Linked Community, MRH2, StackOfStake, etc., as well as the nodes of community teams and individuals.Voting method: Selected nodes will vote via the Nebulas governance portal. All nodes have a governance address and from this address, they will cast one NAX towards each proposal based on their preferred opinion.Proposals to be voted: 60 as of this announcement.These proposals comprise all aspects of the Nebulas ecosystem.Product R&D: Mainnet optimization, development of new products and tools, upgrade and optimization of existing products (Go.nebulas, NAS nano pro, forum, node platform, etc.).General ecosystem: How community collaboration motivates, and how node-related incentive mechanisms are implemented.Node Governance: Appeal node penalties.Content creation: Multilingual translation, video production and article writing.Marketing: Multilingual community operations, college-based promotion, etc..You can view all proposals today and start learning about them on go.nebulas: https://go.nebulas.io/proposals?type=0&sort=0&status=100&page=1Governance incentivesSelected governance nodes need to vote on ALL proposals and projects to gain the 816 NAS governance incentive. If a consensus node becomes a governance node for two consecutive governance cycles without taking part in governance voting and voting for ALL proposals, the node will not be able to be selected as a governance node for 820 consensus polling cycles (approximately one month). Be sure to vote on ALL proposals to avoid governance penalties.What is a PoD governance vote?Within the Nebulas PoD ecosystem, every 820 polling cycles (approximately 1 month), a governance cycle is held. The top 51 nodes that produce the most blocks in a governance cycle will be selected as governance nodes and vote on projects listed on Go.nebulas that are not closed as well as projects entering the testing phase. All governance nodes need to vote within 120 polling cycles (approximately 5 days) once the cycle begins.BenefitsOpen transparency: PoD governance voting data is public with all the information available.Joint Community Development: Supported by the Go.nebulas Foundation, the Technical Committee is responsible for code quality control and oversight while community members make their own proposals, community contributors (governance nodes) make decisions and community members can freely claim projects and implement them.Learn about PoD governance mechanisms: https://wiki.nebulas.io/en/latest/node-strategy/governance.htmlThis PoD governance vote follows the first governance cycle on the testnet which occurred March 10–12. During this period, four proposals were voted by 42 testnet nodes. The first PoD governance vote on the mainnet has seen a surge in proposals and this will be an important step towards decentralized governance and a true test for the governance committees.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 Nebulas PoD mainnet governance cycle begins! was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 04. 28

NAX Distribution

NAX Distribution UpdateSome users have found that on April 25, both the decentralized (dstaking) data panel (https://explorer.nebulas.io/#/dstaking) and their personal pledge panel in NAS nano pro displayed revised data due to a on-chain transaction which modified the total amount of NAS in circulation:The transaction can be viewed at: https://explorer.nebulas.io/#/tx/300f7698608795cf6c150408f7a30092530acc305f328900d9a4d63672238448The dStaking data update was due to the burning of the excess DPoS rewards totaling 901,356.75 NAS which were destroyed on April 10th, 2020 (destruction address: n1gczhpkT54RaT4PB55CNoYbqmEQcfo4hqq — original announcement).In addition, to the community fund which totaled 35 million NAS was previously burned which brings the total amount of NAS permanently destroyed to 35,901,357.73 NAS. The total amount of NAS is a fixed amount of 100 million NAS minus the burned amount plus the daily PoD issuance of 8,219.1744 NAS .As of now, the current total amount of NAS is: 71,220,952.28. Among this amount is the Nebulas team reserved totaling 11,565,577.38 NAS (team locked for 3 years and founder locked for 10 years) with the remaining NAS in circulation.The total circulating NAS supply is: 59,655,382 NAS.With this latest burn, the total NAX distribution has also been autonomously updated. This is due to the fact that NAX daily distribution is based on the dStaking rate of all NAS in circulation within the ecosystem. With the revised data, the total amount of NAS dStaking has decreased. The current dStaking percentage decreased from 47% to 45.3%. That is, 45.3% of the current daily theoretical distribution of NAX is distributed into circulation while the remaining 54.7% is destroyed. If the dStaking rate remains consistent at the ~45% rate, we expect total NAX circulation to be approximately 4.5 billion.In addition, the current NAX being voted to nodes is 183,165,447 NAS leading to a global rate of 19% of all NAX in circulation being used for voting. This means, that most NAX remains in the user’s address after distribution. If you have not yet delegated your NAX to a node, you are potentially missing out on additional passive income from node operators. If you are interested in delegating to a node please be sure to learn more for each individual node at node.nebulas.io.Additional note: The total NAS in circulation displayed on Coinmarketcap is lower than the current actual circulation. We are in contact with Coinmarketcap and are in the process of revising the data.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: @nebulasioNAX Distribution was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 04. 26

Share Nebulas Node Details ...

Since the launch of Nebulas Node program on the mainnet on April 6, 2020, it has received widespread attention from the community. In order to encourage more community members to actively participate in node voting, we will launch a social media activity with NAX rewards. All are welcome to participate in this event!This activity is divided into two rounds, and will be conducted on Twitter and Weibo social media, with a total of 3 million NAX for rewards. The funding for this activity is provided by the NAX Development Fund.Details for this program are as follows:The 1st round of this activity: Powering Nebulas NodesActivity time: April 24th, 12:00am and will end on April 30th, 11:59pm, 2020 (UTC+8)1st round reward pool: 1,000,000 NAXTwitter (EN) — Powering Nebulas NodesReward pool: 500,000 NAXRules:1. Participants are required to share Nebulas node plan and/or details on Twitter. The content of the tweet must include:The address node.nebulas.io@nebulasio$NAS$NAX#staking2. A Twitter account can post multiple times, but the content cannot be repeated.3. Posts eligible to receive a reward must have a minimum of 20 combined social interactions. Social interactions include: “comments + retweets + likes.” The reward pool will be split based on the proportion of interactions your comment received divided by the total number of interactions of all who participated.Entry method:1. Participant must publicly publish their Tweet and fill out the entry registration form: https://forms.gle/bzyCAH4bu6WpWKsJ72. After the activity ends, the Nebulas team will contact the participants via Twitter messages — Please be sure you are following @nebulasio.3. The reward will be distributed within two weeks after the activity ends.Weibo (CN) — Powering Nebulas NodesReward pool: 500,000 NAXRules:1. Participant must publicly publish a post about the Nebulas node plan on Weibo. The content must include:#星云节点#@星云链Nebulasand follow @星云链Nebulas2. A Weibo account can post multiple times, but the content cannot be repeated.3. Posts eligible to receive a reward must have a minimum of 20 combined interactions. Interactions include: “comments + retweets + likes.” The reward pool will be split based on the proportion of interactions your comment received divided by the total number of interactions of all who participated.Entry method:1. After publishing your the post, fill out the entry registration form: https://forms.gle/bzyCAH4bu6WpWKsJ72. After the activity ends, the Nebulas team will contact participants via Weibo messages so please be sure to follow @星云链Nebulas.3. The reward will be distributed within two weeks after the activity ends.The 2nd round of activities: Show Your ROIActivity time: May 1st, 12:00am and will end on May 31, 11:59pm, 2020 (UTC+8)Second round reward pool: 2,000,000 NAXTwitter — Show Your ROIReward pool: 1,000,000 NAXRules:1. For those voting for a node, participants must share their node voting revenue. For node operators, post details about your node such as number of votes and ROI (see example below). You must also include a screenshot of your voting revenue. The content for all participants must include:The address node.nebulas.io or your node’s address@nebulasio$NAS$NAX#staking.Screenshot of details (for voters)2. A Twitter account can post multiple times, but the content cannot be repeated. Posts can show different periods of reward distribution.3. Rewards will be based on the total number of social interactions your Twitter account receives. Social interactions include “comments + retweets + likes” for all posts pertaining to the Nebulas node program that meet the requirements for your Twitter account.3. The anticipated reward amount based on rankings of social interactions are as follows:1st place: 500,000 NAX2nd place: 300,000 NAX3rd place: 100,000 NAXThe remaining participants with a minimum of 7 social interactions (see above) will divide the remaining 100,000 NAX based on their total number of social interactions and the social interactions of all who participated.Entry method:1. After publishing your the post, fill out the entry registration form: https://forms.gle/EiHqpcUMPuL16VAW62. After the activity ends, the Nebulas team will contact the participants via Twitter messages — Please be sure you are following @nebulasio.3. The reward will be distributed within two weeks after the activity ends.Tweet template 1 (for those who have or will vote for nodes):I voted 100k $NAX to Nebulas node XXX, and earned 21 $NAS after 7 days.My annual income of about 131.4%.Please like, comment and retweet to help me win more $NAX!Learn more @nebulasio, node.nebulas.io#staking[screenshot of your NAS income on NAS nano]Tweet template 2 (if you’re a node operator):I established Nebulas node XXX.Currently, I have XXX $NAX votes. I currently earn about 3000 $NAS in incentives every 10 days!Come vote for my node: [your node page link]@nebulasio #stakingWeibo — Show Your ROIReward pool: 1,000,000 NAXRules:1. For those voting for a node, participants must share their node voting revenue. For node operators, post details about your node such as number of votes and ROI (see example below). You must also include a screenshot of your voting revenue.The content for all participants must include:#星云节点#@星云链Nebulasand follow @星云链Nebulas2. A Weibo account can post multiple times, but the content cannot be repeated. Posts can show different periods of reward distribution3. Rewards will be based on the total number of social interactions your account receives. Social interactions include “comments + retweets + likes” for all posts pertaining to the Nebulas node program that meet the requirements for your Weibo account.3. The anticipated reward amount based on rankings of social interactions are as follows:1st place: 500,000 NAX2nd place: 300,000 NAX3rd place: 100,000 NAXThe remaining participants with a minimum of 7 social interactions (see above) will divide the remaining 100,000 NAX based on their total number of social interactions and the social interactions of all who participated.Entry method:1. After publishing your the post, fill out the entry registration form: https://forms.gle/EiHqpcUMPuL16VAW62. After the activity ends, the Nebulas team will contact the participants via Weibo messages — Please be sure you are following @星云链Nebulas.3. The reward will be distributed within two weeks after the activity ends.Weibo template 1 (for those who have or will vote for nodes):我投了XX节点,投票100,000 NAX,一周获得21 NAS。年化收益约131.4%点赞帮我赢NAX!关注@星云链Nebulas,#星云节点#[screenshot of your NAS income on nano]Weibo template 2 (if you’re a node operator):我搭建了星云XX节点。现在我有XX NAX投票,10天收益约3000 NAS来帮我投票提升排名吧![your node page link]关注@星云链Nebulas,#星云节点#Please noteThe Nebulas Foundation reserves the right to cancel or amend the activity rules at our sole discretion.Nebulas Foundation reserves the right to disqualify participants should they display attributes of malpractice.Thank you for participating in this event and good luck to all!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: @nebulasioShare Nebulas Node Details & Win NAX! was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 04. 23

The Nebulas Technical Commi...

Questions and Answers about the Nebulas Technical CommitteeOn April 17th, the Nebulas Technical Committee node (https://node.nebulas.io/detail/mars) went live and it marked the official establishment of a new community based technical committee.New guidelines for the Nebulas Technical Committee were approved by the first PoD node governance cycle on March 12th (proposal number NIP205) which opened the committee to community registration: https://nebulas.typeform.com/to/NwzQRCThe Nebulas Technical Committee is in the process of being formed with the first assignment of the committee to organize the first PoD governance vote on the mainnet which will be held at the end of April and includes testing of GoNebulas related projects as well as organizing proposals.Some questions and answers about the Technical Committee are as follows:Duties and backgroundQ: What is the relationship between the Nebulas Technical Committee, the Nebulas Foundation and the Nebula Team?A: The Nebulas Technical Committee is funded and organized by the Nebulas Foundation. Some projects or proposals involve various products that the Nebulas Team has participated in development and/or operation of. The Nebulas Team will give its full support to them when the Nebulas Technical Committee reviews projects and proposals.Q: What is the relationship between the Nebulas Technical Committee and the Governance Committee?A: The Nebulas Technical Committee shall be responsible for implementation and the Governance Committee shall be responsible for decision-making. This is one of the most important aspects of Nebulas’ governance system.The Nebula Technical Committee reviews projects such as testing the R&D products and overseeing community operations, etc., which is the guarantee and strong support of community collaboration.The members of the Technical Committee benefit from technical strength and practical work.The Governance Committee decides whether projects and proposals are approved via PoD governance voting. Consensus nodes are selected as governance nodes based on it’s contribution of block generated. The Governance Committee is responsible for the Nebulas ecosystem.Q: What are the duties of the Nebulas Technical Committee members?A: Top 5 Responsibilities:Advise the development of Nebulas including technical guidance and supporting the community.Give recommendations to community-based proposals and facilitate their transition from constructive ideas to implementable projects.Review of projects submitted for testing and, if necessary, issue testing reports for R&D projects to provide technical support for the Governance Committee’s vote.Review product issues reported by the community and provide recommendations for repair.Organize community productivity.Technical Committee Node and RevenueQ: What is the role of the Nebulas Technical Committee node?A: The Technical Committee node provides the source of funds for the Technical Committee operation and all node proceeds will be put towards the Technical Committee operation.The Technical Committee’s operating funds come from two major sources:Fixed income: Derived from the Technical Committee node benefits and distributed to members involved in the governance cycle.Project bonus: 5% of completed project funding will be awarded from the GoNebulas Fund pool and distributed to relevant Technical Committee members that are supporting the project.The operating funds are divided into two parts, which are designated according to the actual work of the technical committee.The required workload for following up on different projects varies and 5% of project incentives can be distributed for support. Only completed projects have this project sharing bonus and some projects will work without project sharing such as daily affairs, the early steps in proposal management, produce test reports to prevent loopholes in the proposal or project approval process, etc… The operating cost of this specified work is compensated from the node revenue which ensures the Technical Committee members have a certain minimum fixed income.Q: How much of a benefit will a node be to the Technical Committee and why?A: Firstly, Technical committee nodes do not always need to be in the top position. For the purpose of reserving minimum funds, it is temporarily ranked first. Please note that the distribution of incentives to technical committee members involved in each governance cycle does not mean that the benefits of each governance cycle node are monthly. The benefits of the Technical Committee nodes can be seen as a source of funding for the Technical Committee’s pool of funds.Q: How much does the technical committee spend each month?A: The actual cost of each governance cycle of the Technical Committee depends on the number of personnel and workload, while the workload of each governance cycle varies depending on the community. The use of such information shall be made public on a regular basis and is subject to community supervision.Q: How many NAX does the Nebulas Foundation hold?A: As of April 17th, the Nebulas Foundation holds 144,008,766.93 NAX, accounting for approximately 15% of current total circulation supply. This portion of the NAX is used to ensure the steady progress of the node program and to assist with the continued development of the NAX economy. As a new token, NAX has a small economic scale and needs to go through a gradual expansion process.The Nebulas Foundation has promised that this NAX would not be used at will. Any large changes will be made public to the community in advance. In case of an emergency response, the reason and process will be made public to the community afterwards.In addition, 5% of the daily NAX distribution is reserved for the NAX Ecosystem Fund pool which currently has 34,792,278 NAX and will be used to promote the Nebulas ecosystem construction, such as community marketing and promotion.Nebulas Technical Committee construction progressQ: Who forms the technical committee as of now?A: The Technical Committee is currently being formed. Follow-up lists will be made public to the community.Q: What work has the technical committee completed in April?A: April’s work includes two parts:The establishment of the technical committee including personnel interview, node building, workflow development and so on.Preparation for the first mainnet PoD governance vote. This includes the current open proposals proposed project reconciliation as well as the organization and publicity of the first PoD governance vote.Follow-up progress will be made public to the community.The original Nebulas Technical Committee was established in September of 2018 and has been committed to the gradual development of Nebulas’ Technology in the spirit of openness, sharing and transparency.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 Nebulas Technical Committee Node is live! was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 04. 21

GoNebulas Community Collabo...

On March 30, 2020, the Nebulas mainnet was successfully upgraded to Nebulas Voyager. Since the block height of 4,202,000, the DPoS consensus mechanism that has been used temporarily by Nebulas has been upgraded to the Proof of Devotion (PoD) consensus mechanism. Revenue from DPoS block generation up to the mainnet block height of 4,201,999 has been managed by the Nebulas Foundation* and will be fully invested into a Pool to support community building via Go Nebulas.DPoS Managed Revenue Source and QuantityAccording to the Nebulas Technical White Paper, Nebulas’ base asset “NAS” has a fixed total supply of 100 million NAS plus annual inflation:1. The incentive to bookkeeper nodes: 3 million new NAS are issued each year, or approximately 8,219.1744 NAS per day. The generation of this NAS began on March 31, 2018 when the Nebulas mainnet went live;2. Developer Incentive Protocol (DIP) Reward: 1 million NAS annually which is awarded to Smart Contract Developers. This began on May 6, 2019, when the DIP protocol went online (from block height of 2,307,000).The inflation portion from the mainnet network upgrade is managed by the Nebulas Foundation, which holds all DPoS Managed Revenue.On October 29, 2019, a community vote decided to destroy the 35 million NAS community fund which greatly reduced the total NAS issuance. In addition, the community voted unanimously to reduce annual inflation and to restore the annual revenue structure from 4 million NAS back to approximately 3 million NAS annually (Proposal No. NIP162, Executive Announcement). With this proposal being approved, excess revenue generated from the block height of 2,307,000 to 4,201,999 has been destroyed — the destruction announcement was issued separately.Therefore, according to the block height, since the Nebulas mainnet launched in March of 2018, and when the mainnet was upgraded with the revised annual distribution, the calculation formula of DPoS’s revenue is: 1.42694*4201999+(0.47565* (420199–2306999)); Total NAS generated: 6,897,357.2031.The formula for the excess portion to be destroyed is 0.47565* (4201999–2306999) with the NAS amount to be destroyed being 901,356.75 NAS.Ultimately, the DPoS managed revenue pool is 5,996,000.4531 NAS.DPoS Managed Fund Income, Distribution and Fund Advance SettlementAs of March 30, 2020, DPoS revenue in the Foundation’s Trust were partially used for the following projects — the remainder has not been distributed:The amount loaned by the foundation which is to be repaid with DPoS revenue is:The remaining DPoS fund will be issued to the Nebulas Foundation in the amount of 4,050,894.6972 NAS.The remaining DPoS Managed fund will be fully invested in the GoNebulas FundThe delivered DPoS fund revenue (approximately 4.05m NAS) will be fully invested in the GoNebulas Fund as a source of funding for the GoNebulas community collaboration platform.GoNebulas Fund address: n1cwsE8w4m6cRkr14R5c4hK3Lb9wPsUHhY9The PoD nodes, governance mechanism and governance nodes via voting will determine the establishment and acceptance of the platform project. The Foundation’s implementation of projects will be based on the voting results of the governance nodes. The GoNebulas platform will continue to be an important component of the Nebulas ecosystem and autonomy. Each community member can launch a project on the platform to contribute to Nebulas’ technological development, ecosystem construction, branding and promotion. We look forward to your participation!*The DPoS managed revenue pool is only for the inflation portion prior to the Nebulas Voyager mainnet upgrade. With the new mainnet online, the 3 million NAS generated per year will be spent exclusively on the node initiative as block rewards and community governance bonus. For further details, see Node Planning Incentive Allocation.Nebulas FoundationApril 13, 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: @nebulasioGoNebulas Community Collaboration Fund Established with over 4,050,000 NAS! was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 04. 15

Update of the statistical d...

At the launch of the node.nebulas.io platform, there was an error pertaining to the displayed statistics of generated blocks for the nodes. This statistical error occurred if the order of the two periods and the node of the two periods are consistent, the number of the blocks will repeat thereby altering the statistics.EffectThis does not affect the mainnet block generation and NAS rewards. It only affects the summary data of some nodes which joined early.SolutionThis bug is fixed now and after the 20391 polling cycle and affected 39 nodes. With the fix in place, it won’t happen again.Details of the incorrect block count is below:Spreadsheet overview available at: https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vRwjSB2SHElkgZ3QifV176iJxmrrJhQBdJ-vJzdL-vDeZOywxTaUKJd9XBP8uCqkRarqHxAkwvsIRaU/pubhtml?gid=1080574205&single=trueThe NAS rewards on coinbase address remain correct so there is nothing to worry about with the reward values. We apologize for the inconvenience of this error and thank you for your patience.Nebulas FoundationApril 14, 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: @nebulasioUpdate of the statistical data on the Nebulas Node Platform was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 04. 14

Over 900,000 NAS Destroyed ...

On April 10, just over 900,000 NAS was destroyed that was generated during the Nebulas NOVA period’s revenue increase. This destruction is the result of a community vote for proposal NIP162 to reduce annual inflation.In addition, on October 29th, 2019, the community voted to destroy 35 million NAS reserved for the community fund. This action significantly reduced the total initial NAS issuance from 100 million to 65 million NAS. In order to maintain a reasonable level of inflation, the Nebulas Foundation and the community unanimously approved a resolution to restore the annual inflation from about 4 million NAS during the Nova phase back to about 3 million NAS when Voyager was released (Proposal No. NIP162: DPoS revenue adjustment proposal, voting results announced).After Nebulas Voyager’s release on March 30th, 2020, the PoD revenue has been restored to approximately 3 million NAS per year. The excess issuance from the mainnet block height of 2,307,000 to 4,201,999 was locked by the Foundation on November 12th, 2019 and has now been destroyed on April 10th, 2020. The amounts and records are disclosed as follows:Based on the initial launch of the Nebulas mainnet in March of 2018 and when the latest mainnet update occurred on March 30th, 2020, the excess issuance calculation is as follows: 0.47565* (4201999–2306999) = 901,356.75 NASCalculation breakdown“0.47565” is the additional issuance per block during the Nova phase.“4201999–2306999” are the block heights when the annual issuance was increased (‭1,895,000‬).“901,356.75 NAS” is the amount of additional NAS generated during the Nova phase (1,895,000*0.47565).NAS lock address prior to destruction: n1Rc66BjDF4LSoQ2uC9rbiMDnKMEV8ryG7k,Transaction to the lock address: https://explorer.nebulas.io/#/tx/c759c97b06d7dbf2bb7877cd23410a56e16eb01a03e36de559e82ea18389df48NAS lock address prior to destruction: n1bMN7dssdVCv7XtnF6tmwB59pxxrwvpNwPTransaction to the lock address: https://explorer.nebulas.io/#/tx/cca79634f2c5cbb8dd6057788b2d8b385b0f9b22f4eb27a05eddb19b80e3485aNAS burn address: https://explorer.nebulas.io/#/address/n1gczhpkT54RaT4PB55CNoYbqmEQcfo4hqqUp to now, the Nebulas mainnet has destroyed a total of 35,901,357.73 NAS. As of now, the PoD inflation adjustment has been implemented with the release of Nebulas Voyager.Nebulas FoundationApril 11, 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: @nebulasioOver 900,000 NAS Destroyed Reducing Total Supply was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 04. 12

Nebulas Voyager Node FAQ

How to improve node ranking & more.Last Updated: April 9, 2020QuestionsNode FAQRanking structureEarnings calculationNAX votingAs of now, open applications for nodes have been live for 3 days. In this short amount of time, there are already 56 nodes online, with 89,364,484 NAX being staked. This staked NAX portion represents 10% of all currently generated NAX. Thank You to the community for your positive response and to learn more about voting or operating your own node, check out this article.During this initial period, some node operators and community members have encountered some problems:When will NAX/NAS conversion be available?How do I quickly improve my node ranking?How do I view node benefits?Additional tools are in development and will be available in the near future. For now, please refer to this documentation for more information.Node RankingQ: What factors are related to node rankings?A: The candidate node comprehensive ranking algorithm refers to two factors: NAX voting number and block generation stability index (SI). For more information, visit https://wiki.nebulas.io/en/latest/node-strategy/consensus.html#id4Q: How do I increase my node ranking?A: You can increase your node ranking by increasing the number of votes delegated to your node and by improving the stability index (SI) of your node by continuously operating a stable node. Specifics of the candidate node ranking algorithm is available at https://wiki.nebulas.io/en/latest/node-strategy/consensus.html#id4NAX voting is the most direct and rapid way to boost your overall ranking. For example, if the top node has 120,000 NAX staked and their the stability index is 1 while your node has 100,000 NAX staked and a stability index is 0.8; For your ranking to be improved, you will need to increase your NAX vote while improving your stability index of your node (SI) which occurs autonomously over time based on the consistency of your nodes ability to produce blocks.Q: I am always a candidate node but I am often not being selected as a consensus node. How is the probability of being selected calculated?A: Consensus nodes are selected from a pool of 51 candidate nodes which meet the minimum requirements. Among them, the top 6 candidate nodes are always selected while the remaining 15 consensus nodes are selected from the candidate nodes that have the ranked position of 7 to 51 according to the formula RConsensus = (R(i)/Sum(R))× Random(). So being higher in the rankings can improve the probability of being selected. For nodes 7 to 51, the selection is related to the number of NAX votes, the block stability index and random probability. With this in mind, an increase in the ranking requires NAX stakes which helps to improve the probability of being elected. See Consensus Node Selection Algorithm: https://wiki.nebulas.io/en/latest/node-strategy/consensus.html#id6Q: Why will some nodes receive up to 10,000 NAS?A: Every 15 seconds on the Nebulas mainnet, a block will be produced by one of the 21 selected consensus nodes. The Nebulas Foundation’s 21 nodes that until recently have been tasked with the operation and block generation of the mainnet. There is currently a data statistics error in the data being displayed for these nodes which is currently being fixed.Q: Why are the block rewards being focused on the top 20~ nodes out of the 51 nodes.A: There are a number of official Nebulas nodes established to ensure the stable operation of the mainnet. These nodes have the minimum amount of 100,000 NAX staked with the stability index equal to other continuously operational nodes. In the node ranking algorithm, the probability of selection is the same. Most community nodes have 1 million — with some exceeding 10 million NAX staked which gives them a clear competitive advantage.When the node NAX vote gap is large (3x 5x or even 10x) the proportion of the random selection mechanism is compressed.That is to say, the larger the quantity of votes and the larger the number of votes left behind the ranking nodes, the greater the chance it has of being elected.Earnings calculationQ: How do I view node’s coinbase revenue?A: You can view the actual benefit of the coinbase incentive address via your web browser, however, the browser does not have a coinbase recording record. In addition, you can take a snapshot of the chain at a fixed time. In addition, you can also view the minted blocks of nodes and revenue for each polling cycle in the historical block generation record at https://node.nebulas.io/mintQ: I’d like to distribute rewards to voters every week. How do I view weekly earnings and votes per cycle?A: There is no easy to read voting distribution at present. You can only view the current voting status for each node on via the details page. In addition, you can prepare the snapshot yourself via a smart contract. The contract address is https://explorer.nebulas.io/#/address/n214bLrE3nREcpRewHXF7qRDWCcaxRSiUdwQ: How do I calculate revenue?A: Compare input NAX with mined NAS to calculate the yield. A yield calculation tool is still under development.Q: How do I view the revenue distribution across nodes?A: You can view the node’s revenue distribution plan, current votes, rankings, stability index, and so on in the node’s details page.Q: Why does the NAS mining revenue on my coinbase address not match what is displayed on the node platform?A: The actual mining proceeds are based on the coinbase address.The statistics of node platform contain the total output reward accumulated from previous cycles and does not include the current cycle reward due to both mined blocks plus gas revenue. Under normal circumstances, the coinbase balance should be slightly more than the amount displayed on the node platform.However, there is an error in the current node platform statistics. At the beginning of the node platform, the statistical contract does not repeat verification.If the order of the two cycles and the node of the two cycles are consistent, the number of the blocks will be repeated statistics. This does not affect the main network’s block generation.Nebulas Voyager Node FAQ was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 04. 09

Node application for the co...

On April 6th at 2:30p.m. (Beijing Time), the Nebulas Voyager node application opened to the community! In less than 24 hours, 50 nodes have joined the mainnet with a total of 1 million NAS pledged from the node operators and over 64 million NAX staked to nodes.Most of the nodes that participated in the testnet are now live on the mainnet. This includes professional mining and staking platforms such as InfStones, Allnodes, Wetez, StakeOfStack, SNZPool and more! In addition, the Blockchain Technology Community University (BTCU), Public Chain Technology Alliance (PCTA), Nebulas ecosystem project Atlas Protocol (ATP) and many community individuals are alsk operating nodes.How do I operate a node?During an average month, the top nodes are expected to receive 3,307–9,920 of NAS incentives plus an additional 816 NAS in governance incentives for those that participate in governance cycles. With this in mind, it’s possible to receive over 10,000 NAS per month by operating a top node.Any community member and team can participate in the operation of a node by clicking “Apply for node” on the upper right at node.nebulas.io.To participate, you need to operate a server in a data center that meets the minimum requirements, install all required software, pledge 20,000 NAS and have a minimum of 100,000 NAX staked. For specific steps see Node Platform Help document.How do community members support nodes?By using NAX, the community can support the operation and rank of a node. Many nodes have begun a profit sharing program where based on how much NAX is staked towards a node, the node operator distributes a portion of the generated NAS incentives. At present, MRH2, Allnodes, StackOfStake and other nodes have launched a profit sharing program and all are welcome to participate. The Nebulas Foundation will also launch a joint node program in the future where all community members can participate in pledging NAS.To participate in staking NAX towards nodes, be sure you have upgraded your official Nebulas wallet to the latest version. Detailed voting procedures can be found in Chapter 4: Node Platform Help document.What makes the Nebulas Node Program Unique?The Nebulas node program is opening a new decentralized collaborative approach.The PoD mechanism is built on the basis of the contribution size from the community and is a novel method for decentralized collaboration. This approach is realized via the NAX generation mechanism that utilized decentralized staking (dStaking) of the asset holder.The contribution based governance mechanism is reflected via nodes that contributed the most during a consensus cycle. Those nodes can participate in the decision making process via the go.nebulas.io community collaboration platform.Recently, the current node operators participated in a Chinese meeting on March 31st and a English meeting on April 1st which discussed alternative strategies for the node penalty mechanism. We welcome more node operators to participate in future meetings.For more details about Nebulas’ PoD program, read the whitepaper at https://nebulas.io/docs/PoDNodeStrategy.pdfLearn 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: @nebulasioNode application for the community now open with over 64 million NAX votes in the first day! was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 04. 07

Nebulas Voyager Released wi...

On March 30th, 2020, the Nebulas blockchain received it’s latest feature-rich update ushering in the age of Nebulas Voyager! This update includes many improvements including decentralization of the network where node operators from around the world participate in Nebulas’ unique Proof of Devotion (PoD) mechanism which focuses on contribution size from the community.The PoD mechanism consists of two components:Consensus mechanism: PoD delivers a fully decentralized blockchain relying on community-managed nodes for mainnet operation, security, and stability.Governance mechanism: The consensus nodes which produce the most blocks will be chosen as governance nodes and will decide if community proposals should become projects, funding and more. All governance votes will utilize on-chain voting.Last year, the Nebulas blockchain developed the first on-chain Smart Asset entitled NAX which gives rewards on a daily basis to those who dStake (decentralized staking) their NAS (Nebulas’ native asset). The NAX Smart Asset is currently used in the Nebulas ecosystem as an on-chain governance token, is used as a support indicator from the community for nodes and is publicly traded with more utilization coming in the future. Since the release of NAX, an astounding 48% of all NAS in circulation is currently being dStaked.The PoD mechanism has been thoroughly tested on the Nebulas testnet since the beginning of 2020 with a total of 64 participants from around the world. Some of those participants include leading node and mining operation projects within the blockchain ecosystem which included InfStones, Allnodes, Wetez, Everstake, StakeOfStack, Zpool, and SNZPool. In addition to professional mining organizations, the Blockchain Technology Community of Universities (BTCU), the exchange Gate.io, the Public Chain Technology Alliance (PCTA), media operations, the Nebulas ecosystem project Atlas Protocol (ATP) and a number of individuals from the Nebulas community have all helped test and improve Nebulas Voyager.With the release of Voyager, Nebulas’ community collaboration platform, Go Nebulas (go.nebulas.io) which was released last year and thus far has received hundreds of active projects, proposals and much more will be directly integrated into the new Nebulas mainnet. This upgrade will bring a complete governance ecosystem based on transparency, community collaboration, community operation and is the next generation of Decentralized Autonomous Organizations (DAO) by combining humanity with autonomy and blockchain technology!We invite all to engage in the Nebulas ecosystem — whether it is to participate in node operations, governance, project development, and much more.The voyage has begun — join Nebulas Voyager today!nebulas.ioNebulas Voyager Released with Decentralized PoD Consensus & Governance was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 03. 31

Nebulas Voyager Mainnet Upg...

Nebulas Voyager Mainnet Upgrade to Proceed on March 30th — Public Node Applications to Open on April 6thThe third-generation of the Nebulas mainnet, entitled Nebulas Voyager will be upgraded as planned on March 30th. Prior to release, an internal review by the development team identified some issues that need to be addressed prior to the public release of the node application platform and as a result will delay the release of the community pledging and node voting system until April 6th.The greatest feature of Nebulas Voyager is the Proof of Devotion (PoD) mechanism which marks the beginning of Nebulas’ novel consensus mechanism. The release of PoD will mark the decentralization of the network while taking an important step towards building a transparent, open and jointly built community governance environment.The final mainnet network upgrade is underway this week where existing smart contracts need to be updated to properly operate on the new mainnet. This includes the upgrade of voting contracts as well as the contract management authority for the NAX asset. During the upgrade process, a problem was encountered that would cause the NAX smart contract to become unupgradable for future improvements.Problem ReviewDuring the process of the mainnet upgrade to the NAX smart contract, the initial configuration improperly set the management rights resulting in the loss of contract management via multi-signature transactions. Although this will not affect the current NAX asset security, distribution, data, etc…, it would lead to the NAX smart contract to become unupgradable in the future.Example Smart Contract misconfigured hash: https://explorer.nebulas.io/#/tx/e2a3279f06c5f93871381f8ad5cc09cfe4bf02730a928dff0442ee7ffdea3614Hash configured correctly but not linked: https://explorer.nebulas.io/#/tx/47e5cccc2424bcb2660ca79151082f9d3a1dced378a35b35d57913ffa37d2515Once the error was found, the Nebulas Foundation organized an internal emergency meeting to discuss the solution. Although the loss of the multi-signature management authority would not have any impact at this time but given the importance of the NAX asset in the Nebulas governance ecosystem, there will inevitably be a required upgrade to the NAX smart contract in the future. The Foundation has decided to take the following steps to address the issue of the NAX smart contract prior to the release of PoD on the mainnet.SolutionIn order to avoid a large-scale impact on users and to avoid the possibility of resetting all NAX smart contracts in the future, the smart contract’s “read content” is required to be changed into the contract management authority address for the mainnet where the associated key and value pair in the multi-signature contract is _coSigners in the preset block height after the mainnet upgrade via a hard-coded method which will result in a guarantee that temporary management authority for the NAX smart contracts remain. At the same time, the corresponding smart contract management authority address will also be synchronously modified after the mainnet is upgraded. This is to ensure that the contract management authority address continues to keep the proper management authority to the NAX smart contracts after a preset block height is invalidated.Methods StorageGetFunc (See Github)This upgrade has no impact on user assets and no user intervention is required. After the upgrade and modifications are complete, there is no impact on the asset distribution, data, and security of NAX. In the future, the NAX smart contract upgrade will be maintained with management authority based on the needs of the Nebulas ecosystem development and if needed, node governance voting approves a NAX smart contract upgrade.Github: https://github.com/nebulasio/go-nebulas/blob/master/nf/nvm/storage.goFollow-up PlanThe repair and mainnet code upgrade is planned to be completed this week keeping the original Nebulas Voyager release date unchanged on March 30th. All exchange, wallets, and testnet nodes can update code and synchronize data immediately after the main network is upgraded.However, in order to guarantee the stability and security of the mainnet and to allow sufficient time for exchanges, wallet providers, and node participants to complete the synchronization and upgrade process, the public release of the node.nebulas.io platform which was originally scheduled to open on March 30th will be postponed to April 6th. The pledging of NAS and community NAX voting for nodes will also be postponed to April 6th.After the upgrade of the mainnet is complete and in order to ensure the safety of assets, the management of NAX will be further optimized which includes:Upgrading the verification logic and enhancing the verification of security;Upgrade and optimize existing multi-signature schemes;Enable the Nebulas Name Server (NS). Nebulas NS will be an implementation of the NAS ID authentication service allowing the use of an alias in the distributed network to further secure isolation.We thank everyone in the community for their patience and understanding of this short delay. We’re excited to share Nebulas Voyager with the entire blockchain community!Nebula FoundationMarch 26, 2020Nebulas Voyager Mainnet Upgrade to Proceed on March 30th — Public Node Applications to Open on… was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 03. 26

Nebulas Voyager — Launching...

Nebulas Voyager — Launching March 30th!On March 30th, Nebulas will celebrate it’s second anniversary of the launch of its first release of the Nebulas blockchain entitled Eagle Nebula. On this occasion, we will be releasing the latest version of Nebulas entitled Nebulas Voyager! Once released, Nebulas will be fully decentralized and the entire community will be able to participate in node operations and governance of the mainnet.Nebulas Voyager is the most substantial upgrade of Nebula since the release of Nebulas NOVA which launched on December 31st, 2018. Voyager’s core upgrade is the Proof of Devotion (PoD) consensus mechanism. The PoD mechanism is built on the basis of the contribution size from the community and is a novel method for decentralized collaboration.The PoD 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.Nodes that have participated in the testnet program will be given the opportunity to be the first nodes to be operational on the new mainnet. In addition, other organizations and community members can register to be node operators via the node platform (node.nebulas.io) starting March 30th.Upon Voyager’s release, the pledge NAS and NAX for nodes portal will be opened simultaneously. The nodes that complete the main network deployment and the required pledge amount will have the opportunity to participate in block generation and node ranking. Nodes that successfully generate blocks for an entire month will receive a block award of approximately 3,307 NAS to 9,920 NAS per month (based on node ranking position of 51 or greater for the month).During each governance cycle (approximately 1 month), the top 51 nodes will be eligible to be governance nodes and participate in the decision making process of proposals and projects on the community collaboration platform Go.Nebulas.io via on-chain voting with NAX. For participating in the entire governance process, an additional 816 NAS governance award is distributed to each node.Upon the release of Nebulas Voyager, the community will decide the fate of community proposals, community contributors will make the decisions, community construction, community organization, the process of decentralized collaboration, and organizing the contribution-based DAO.Community members can propose their own ideas, add components to the Nebulas ecosystem or develop their own projects to realize their own ideas!Community benefits are distributed from contributions in NAS based on support for community projects. The whole process is based on the process of on-chain governance, and is open and transparent.Nebulas is an open community and we welcome all to join us in building a cooperative future with the Nebulas Foundation.For more details on PoD node operation, please review wiki.nebulas.io for specific implementation with additional details and documentation being released next week. In the meantime, the node platform and collaboration platform will be updated on March 30th, 2020 — be sure to follow @nebulasio for additional details and the release of Nebulas Voyager!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 Voyager — Launching March 30th! was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 03. 21

Nebulas Node Strategy Testn...

Ten weeks have passed since the Proof of Devotion (PoD) node strategy went live on the testnet on January 8th, 2020. The two-month long Nebulas PoD node testnet strategy period has come to an end as of reaching a block height of 3,522,200 on the testnet (on about Mar 9, 2020, UTC + 8 Beijing time).As a result, this will be the last Nebulas Node Strategy Testnet Program Weekly Report. Thank you for your support.Progress last week1. PoD node strategy test period has endedClick here to see Report of the Testnet Period of the Nebulas PoD Node Strategy. Learn more about the PoD consensus mechanism, governance mechanism, and node incentive.2. The first PoD governance vote has endedThe governance portion of the testnet ended on March 12th, 2020. In total, 49 of the nodes were given the opportunity to participate in the first PoD governance vote of which 42 nodes participated in the vote leading to a high participation rate of 85.7%.During this process, decisions were made on PoD penalty rules, technical committees, NAX-based Nebulas Awareness Development & Content Creation Plan, Launch NAS nano Wallet Currency Voting, etc.. Click here to view the result.3. Chrome plug-in publishing version 2.1.0 is on Chrome store.The Chrome extension NasExtWallet has been upgraded to version 2.1.0. and it’s on available on the Chrome store. Click here to upgrade. This version includes 2 improvements:A. Supports NAX display, transfer, and voting.B. Gas limit default bug repair.Nebulas Voyager is coming soonWith the testnet phase completing, the Nebulas mainnet will receive the upgrades that have been tested on the testnet for the past two months. The upgrades are planned to launch on March 30th, 2020. Be sure to follow Nebulas for additional details and release announcment!Thank you to all who took part in the test phase. Without your valuable contribution, we couldn’t have done it!We’re really excited about this upgrade and would love to hear the thoughts of the community! Be sure to leave a message on the Nebulas Twitter or any other communication platform & let us know what you think.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 Final Weekly Report (Week 10: Mar 11— Mar 17) was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 03. 18

Report of the Test Period o...

Report of the Testnet Period of the Nebulas PoD Node StrategyThe two-month Nebulas PoD (Proof of Devotion) node strategy test period has ended, as of reaching a block height of 3,522,200 on the testnet (on about Mar 9, 2020, UTC + 8 Beijing time). The all-new Nebulas Voyager will begin the mainnet upgrade process this week (review the mainnet launch steps). It is expected that the upgrade process will be completed on March 30 ushering in the public release of Proof of Devotion (PoD). This day marks exactly the second anniversary of the launch of the first Nebulas mainnet: Eagle Nebula.A total of 64 nodes participated in the test period, including the well-known professional mining pool institutions such as InfStones, Allnodes, Wetez, Everstake, StakeOfStack, Zpool, SNZPool, etc. in addition to the blockchain technology community university (BTCU) and the exchange Gate.io. The public chain alliance PCTA, the media association LianKe, the Nebulas ecosystem project ATP and many individual Nebulas community members.The new Nebulas PoD mechanism is based on the contribution of the community and includes the consensus mechanism and governance mechanism, which have been tested these past months on the testnet.PoD consensus mechanismThe PoD consensus mechanism was launched on the testnet on January 8th, 202. Based on the comprehensive node ranking algorithm, considering the stability of the node, the contribution of token holding, and other factors, 21 nodes were selected from 51 candidate nodes to participate in block generation. Community members can receive mining rewards by the successful operation of nodes.The consensus mechanism has ran stable on the testnet for 67 days which is equivalent to 1,834 polling cycles(52.5 minutes per cycle). During the testnet node invitation system, a total of 85 nodes signed up with 64 nodes actively participating and 53 nodes successfully producing blocks. In total, 376,974 blocks were produced during the testnet phase.During the testnet process, the optimization of penalties for missing blocks, system stability and reward distribution of blocks were optimized. Functions such as email reminders, node management, and node suspension were also improved during the testing phase.For further details, please review:Node operation technical manuals and help documents,node platforms,Chrome plugin (Google Store has been updated to the new version 2.1.0).PoD governance mechanismThe governance portion of the testnet was launched on March 6th, 2020. The governance committee is composed of the nodes that produce the most blocks in a governance cycle and participates in the governance process such as voting on proposals and projects on the community collaboration platform go.nebulas.io.During the governance voting process, 49 of the nodes were given the opportunity to participate in the first PoD governance vote of which 42 nodes participated in the vote leading to a high participation rate of 85.7%. During this process, decisions were made on PoD penalty rules, technical committees, NAX-based Nebulas Awareness Development & Content Creation Plan, Launch NAS nano Wallet Currency Voting, etc… To view the voting results, visit https://medium.com/nebulasio/first-pod-governance-vote-has-ended-with-the-nebulas-awareness-development-content-creation-plan-89267410cd92.Testnet IncentiveAccording to the testnet incentive plan announced in January, the testnet program was live for 67 days and the total reward amount reached 335,000 NAS (150,000 NAS per month).Reward distribution formula: single node reward = single node online time / SUM online time of all nodes x total award amountOpportunity to participate in reward distribution if:Recorded penalty records shall not exceed 4 times during the entire testnet period;Successfully produced more than 100 blocks.According to the statistics during the entire testnet cycle, 53 nodes produced more than 100 blocks. For a review of the block generation situation, see PoD Block Statistics (Google Online Form) or the screenshot below.Among the above-listed nodes that produced a minimum of 100 blocks and excluding the situation that all nodes are temporarily unable to generate blocks due to the testnet upgrade, there were 2 nodes that have missed blocks and incurred a penalty up to 4 times. These two nodes will not receive any reward distribution. Therefore, the 51 remaining nodes will share the 323,949.5 NAS. The 51 nodes will receive an average of 6,741.88 NAS.Thanks to all the nodes that have participated in the testnet for their contributions to Nebulas. Nodes participating in the testnet phase test will be given the opportunity to take the lead in the mainnet deployment. The reward will be sent to the mainnet incentive address of the relevant node two weeks after the release of the new mainnet upgrade is completed on March 30, 2020!If you have any questions, please contact your inviter or email us at contact@nebulas.io. Live assistance is also available in the Nebulas node Telegram group at t.me/nasnode.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: @nebulasioReport of the Test Period of Nebulas PoD Node Strategy was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 03. 17

First PoD Governance Vote H...

First PoD Governance Vote Has Ended with the Nebulas Awareness Development & Content Creation Plan receiving 100% support!The first voting cycle via PoD governance on the Nebulas testnet has ended. The voting period lasted from March 10th to March 12th, Beijing time. In total, 49 test nodes had the opportunity to vote for numerous proposals including updating PoD penalty rules, the formation of a community technical committee and other important proposals, Of the 49 nodes, xxx nodes participated in the voting with a voting rate of 85.7% and the proposals that received 50% or more “Support” rate have been approved.The results of the governance period is as follows:NIP199 — PoD Block Penalty Rule Adjustment Proposal, by: MarkAUResult: Approved | Support: 22, Oppose: 17, Abstain: 3 | Final approval rate 52.88%With a support rate greater than 50%, proposals for revised penalty rules will be launched in the near future at go.nebulas.io, the community collaboration platform.NIP200 — NAX-based Nebulas Awareness Development & Content Creation Plan by: dustinResult: Approved | Support: 42, Oppose: 0, Abstain: 0 | Final approval rate 100.00%With a support rate greater than 50%, the proposal creator, dustin will organize the detailed implementation steps, launch the project on GoNebulas and implement this proposal. Since this proposal involves the operation of multiple platforms (twitter, medium, etc.), it can be split into project proposals if necessary.NIP204 — Launch NAS nano Wallet Currency Voting, Node Benefit Distribution can be accounted and managed through NRC20, by: RavinResult: Approved | Support: 27, Oppose: 7, Abstain: 8 | Final approval rate 64.29%With a support rate greater than 50%, this proposal will become a project on GoNebulas. Ravin will detail the specific implementation steps of MRH2. NAS nano pro’s in-app voting (including currency voting, node voting) is included in the next version of the development plan.NIP205 — New proposal from the Technical Committee by: smallorangesResult: Approved | Support: 40, Oppose: 0, Abstain: 1 | Final approval rate 97.56%With a support rate greater than 50%, the Technical Committee’s registration process will be opened to all immediately. The application form may be completed for further review at: https://nebulas.typeform.com/to/NwzQRCThe first PoD governance vote on the mainnet will be held at the end of the first governance cycle which is expected to occur at the end of April 2020.About the new Nebulas mainnetThe 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.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: @nebulasioFirst PoD Governance Vote Has Ended with the Nebulas Awareness Development & Content Creation Plan… was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 03. 13

Nebulas Node Strategy Testn...

Nine weeks have passed since the node strategy went live on the testnet and thus far, a total of 64 nodes are currently participating with 49 nodes participating in block generation. The participating nodes will share the testnet incentives of at least 265,000 NAS.Progress last week1. First PoD Governance Vote InitiatedThe voting began on March 10 and will end on March 12 (UTC+8). The vote is still in progress, with 49 nodes eligible to participate. For a proposal to be successful, it will require a 50% success rate. The results will be announced once voting is complete. To see the current status of the votes, visit https://node.nebulas.io/govern.Current voting proposals include:A. NIP199 — Marks Proposal: POD Block Generation Penalties, More detailsB. NIP200 — Nebulas Awareness Development & Content Creation PlanC. NIP204 — 开通NAS nano钱包上币投票,让节点利益分配可以通过NRC20记账、管理(Chinese — translated: Opens NAS nano Wallet Coin Vote, allowing node benefit distribution to be accounted for and managed through NRC20)D. NIP205 — Join the technical committee2. PoD governance testDuring the PoD governance voting, a bug managing the governance addresses was found resulting in the individual node governance address being empty. This issue has been fixed but has not been published to the testnet yet. The final joint test of the PoD consensus and governance mechanisms will be conducted after the active PoD vote. We have also communicated with relevant nodes about this issue.If your node was affected and if you have any questions, visit the Telegram Nebulas Node channel at t.me/nasnode or email to contact@nebulas.io.3. Chrome plug-in publishing version 2.1.0The Chrome extension NasExtWallet has been upgraded to version 2.1.0. This version includes 2 improvements:A. Supports NAX display, transfer, and voting.B. Gas limit default bug repair.This version of the extension is currently pending approval for the Chrome store. To download it now, visit the Github page to download the installation directly. Note, however, that the download does not automatically overwrite the Chrome Store version, you must pause the current Chrome Store version before using the Github version. Install details as well as voting guide can be found at https://community.nebulas.io/d/690-guidance-of-governance-nodes-voting/34. Community Collaboration Platform Go Nebulas UpgradeGo Nebulas has been upgraded with the PoD governance mechanism. This upgrade includes:A. The ability to adjust the proposal type from In Progress and Closed to: In progress (user-created proposal), In-Progress (Voted for the proposal to be approved by the budget cycle for the proposal), Already Submitted (Has already established the corresponding project or has already executed the proposal), Closed (has not passed the voting proposal, etc.).B. Improved proposal and project data.Before the new mainnet is released, Go Nebulas will also have another update including the Go Nebulas interface information display and proposed additional budget cycle input.5. Node platform upgradeThe PoD governance mechanism has been launched on the testnet and the node platform was also upgraded.A. The Node Governance Voting page is live for all to see. The list of governance nodes, voting proposals, voting status can be viewed at https://node.nebulas.io/governB. The node block ranking page is live. Community members can view the change of node rankings and know whether a node will enter the next cycle of governance nodes.6. Wiki UpgradeThe wiki.nebulas.io webpage has been updated including directory structure and contents. Changes in English and Chinese have been prioritized; Korean and Portuguese had not yet been revised.Next Week1. End of the testnet incentive periodWhen the PoD governance vote is complete, the testnet incentive period will also end simultaneously. The distribution of incentives will be made public to the community.2. Start Master Publishing ProcessExciting days are coming! After the final test is completed next week, the process of updating the mainnet is imminent — be sure to follow Nebulas closely while we complete this process. We will notify all nodes, exchanges and other parties to complete the upgrade in advance and prepare for the upgrade.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 9: Mar 4— Mar 10) was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 03. 11

PoD governance mechanism up...

PoD governance mechanism upgrade on the testnet — Governance nodes will vote on the future of four proposals!Since the launch of the Proof of Devotion (PoD) consensus mechanism on the testnet on January 8, 2020, over 60 nodes have joined this successful program. Today, we are happy to announce that the testnet portion of the consensus mechanism is complete and Nebulas will now conduct its first PoD governance cycle!The testnet PoD governance mechanism will be launched on the testnet today, March 6, 2020(UTC+8) and will last for approximately 3 days (based on block height). After this 3 day period, the nodes that have generated the most blocks will participate in the first PoD governance voting cycle which will begin on about March 9th, 2020. Invited testnet nodes will participate in the decision-making of important proposals such as PoD penalty rules and the expansion of the technical committee.What is proof of devotion (PoD)Proof of Devotion (PoD) is a mechanism based on the contribution of community contributors. It consists of two parts: consensus mechanism and governance mechanism. Through the selection of nodes, a consensus committee is established to realize the decentralization of the main network nodes. The governance committee is composed of high-quality nodes to organize community governance in the form of a representative system.Structure of the Governance CommitteeNebulas realizes the contribution of different roles to the ecosystem via decentralized collaboration. Nebulas’ governance committee is composed of 51 consensus nodes that are selected by the nodes who generated the largest number of blocks in a governance cycle (governance cycle is 820 polling cycles/about 30 days). The more blocks produced by a consensus node, the greater the contribution to the network thereby ensuring the stability of the mainnet.Nebulas’ node ranking algorithm considers the amount of NAX pledged to a node (NAX is distributed through decentralized staking(dStaking)). The dStaking distribution algorithm considers the number of NAS and the duration of the dStake by the address. As a result, this is a direct reflection of the addresses contribution to the ecosystem. If a node receives more NAX support (either by community support or node operator), it is considered a greater contribution to the ecosystem.The cycle of about 30 days also ensures the possible rotation of the members of the governance committee thereby ensuring quality network supporters are selected. The establishment of the Governance Committee prevents the situation where the node operator only cares about producing blocks and even hinders ecosystem development. At the same time, the governance committee, which is composed autonomously according to the contribution of each node, avoids the possible unfairness of the various candidates and is the most efficient and reliable way to organize them at present.PoD governance scenarioNebulas has been experimenting with decentralized collaboration for a long time. In March 2019, it launched the community collaboration platform go.nebulas.io, which is committed to reducing the threshold for community participation in the Nebulas ecosystem, injecting vitality into the community and exploring new blockchain application scenarios.Community members can make their own suggestions on the Nebulas on this platform, participate in project development and operations and monitor the project development progress of the Nebulas team and other members of the community. Nebulas’ latest on-chain governance model innovation will also be launched on the community collaboration platform.Over the past year, we have distributed more than 200 awards totaling 159,915.47 NAS to the community. This includes:Daily community operations and content translation in Chinese, English, Korean, Spanish, Japanese and other language communities;Wallets;Browsers;Wiki additions and improvements;Various types of development tools, such as community ecological project development;Bug reports;Technical research;Media and publicity, etc…Various decisions, such as the destruction or use of community funds and modifications of main network parameters have also been completed via initiating proposals and have been decided from community voting.In the future, the daily operation and project review of the community collaboration platform will be under the responsibility of the Nebulas Technical Committee. The approval of projects and proposals and the use of community collaboration funds will be determined by the governance committee. So far, the community collaboration platform has constructed a multi-dimensional ecosystem. Technological developers and community operators can earn income by submitting and claiming projects. Experts and members who have long contributed to the community and are familiar with the ecosystem situation can get a share of the reward by reviewing and organizing community productivity. Excellent consensus nodes will receive governance rewards through decisions on whether projects pass or fail.At present, we are facing new application scenarios. Information interaction has evolved from a single, simple function to complex and diverse user roles are also increasing. We believe that the new direction of development cannot be produced behind closed doors, nor can it be created through single-individual stylized work. New ideas may arise from a discussion on the Internet and new partners may come from a multinational cooperative development or an occasional offline event.We hope that through experiments on decentralized collaboration, we will try to give people who are interested in Nebulas’ vision of “Let everyone get values from decentralized collaboration fairly.” to participate in the co-construction.Give dreams a chance, give yourself a chance, and change is insight.How does the PoD governance mechanism work?The governance mechanism uses on-chain voting as the main means to manage community collaboration and community assets. For details, see: https://wiki.nebulas.io/en/latest/node-strategy/governance.htmlFirst PoD governance voting rulesProposal being voted on:NIP199 — Marks Proposal: POD Block Generation Penalties, by MarkAUNIP200 — Nebulas Awareness Development & Content Creation Plan, by DustinNIP204 — Open NAS nano wallet to vote on tokens, so that the distribution of node benefits can be recorded and managed through NRC20, by RavinNIP205 — Nebulas Technical Committee, by IrisVoting DetailsThe timeline for the first governance cycle on testnet: The specific date is based on the testnet block height when the new testnet launched. The beginning of the governance cycle is expected to start on the evening of March 6th and end the evening of March 9th, Beijing time — 3 days in total.PoD governance voting start date: The specific dates are based on the block height of the testnet but we expect voting to begin on the evening of March 9th, 2020, Beijing time. Additional details will be published on the node platform and we will notify all participating nodes via the Email address entered when joining the testnet program.Governance committee selection: The top 51 active participating testnet nodes that meet the voting conditions will take part in the governance vote. The selection process is based on how many blocks a node generates during this 3 day governance cycle (the more, the better);Voting time: 72 consensus cycles, about 3 days;Voting platform: Node platform node.nebulas.io (testnet);Voting quota: 1 NAX testnet token per proposal. These testnet NAX tokens will be sent from the Nebulas team to all participating nodes;Voting rights: Each node with voting rights has the opportunity to vote on all four proposals.Voting method: Votes must be cast from the governance address that have been entered in the node management profile (for active nodes) and from the Nebulas Chrome extension. When voting, be sure to select the testnet in the Chrome extension when voting and only use 1 NAX per proposal.Voting options: Support, Oppose, Abstain;Passed votes: If a proposal receives more than a 50% support level, it will be passed, otherwise the proposal will not be approved;Post-vote processing: After the voting is over, if the proposal passes, it will be executed immediately. The testnet NAX tokens will be destroyed. The testnet reward rules of the nodes remain unchanged and the final reward amount will be announced after the testing of the consensus mechanism and governance mechanism has been completed.During the first public test of PoD governance vote, node operators and the community are also welcome to actively find loopholes and propose improvements. If necessary, adjustments can be made before PoD governance voting begins on the mainnet.The first PoD governance vote on the mainnet will be held at the end of the first governance cycle after the mainnet goes live, which is expected to be in April of 2020.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: @nebulasioPoD governance mechanism upgrade on the testnet — Governance nodes will vote on the future of four… was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 03. 06

Nebulas Node Strategy Testn...

Nebulas Node Strategy Testnet Program Weekly Report (Week 8: Feb 26 — Mar 3)Eight weeks have passed since the node strategy went live on the testnet and thus far, a total of 58 nodes are currently participating with 49 nodes that have participated in block generation. The participating nodes will share the testnet incentives of at least 200,000 NAS.Progress from last weekPoD governance mechanism internal testing.The governance mechanism is under internal testing.Prepare for the PoD governance voting.The first PoD governance voting will be on testnet this week. The proposals to vote currently include:A. NIP199 — Marks Proposal: POD Block Generation Penalties, More detailsB. NIP205 — Join the technical committeeC.NIP200 — Nebulas Awareness Development & Content Creation PlanD.NIP204 — 开通NAS nano钱包上币投票,让节点利益分配可以通过NRC20记账、管理(Chinese)Learn more about the PoD governance mechanism at: Node Strategy: Governance Mechanism.Plan for next weekThe first PoD Governance vote.After the first PoD governance vote is completed next week, the voting results will be announced and approved proposals will be implemented. If no new bugs or problems are found during the governance period, Nebulas will declare that the PoD consensus mechanism and governance mechanism have completed the test phase. We will end the test phase, settle the testnet node rewards and start the mainnet release process!The new name of the new version of mainnet: Nebulas Voyager!Last week, the community voted for the new name of the new version of mainnet: Nebulas Voyager (More details). The new name will be shown when the mainnet launched. Related preparations have also started.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.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 8: Feb 26 — Mar 3) was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 03. 04

The name for the next versi...

By community decision, the new version of the Nebulas mainnet, which will be launched in March of 2020, will be named “Nebulas Voyager.”The name was proposed by community member Satoshibytes:Why Nebulas Voyager“In 1977 (before many of us were even born), NASA launched two probes with the mission of exploring our solar system and beyond. It was even so forward thinking that on each probe, there are Golden Records designed to last billions of year in the unlikely event a alien entity discovers it in the dark abyss we call space.As of today, they are farthest man-made probe and incredibly still making new scientific breakthroughs peering beyond the heliosphere (the space where the sun no longer has a significant effect). In fact, the mission was so successful due to a once in a lifetime alignment of the outer planets in our solar system (occurs every 176 years!)Soon, the new latest version of Nebulas will launch bringing along many new and unique features with the intention of further exploring blockchain innovation, decentralized collaboration and pushing the bounds of what’s possible with blockchain.Blockchain is a voyage of discovery and Nebulas is it’s instrument. Let’s keep exploring!”After 10 days of collecting names, a total of 61 suggestions have been submitted and 38 were approved to be included in the on-chain vote. After one day of community voting, cast votes totaled 11,002,479 NAX.The top voted names areThe 500 NAS award goes to:“Nebulas Voyager” by SatoshibytesThe following community users will receive a 5000 NAX award:“Nebulas Backward” by gaomingScientists believe that all “whirlpool galaxies” rotate counterclockwise, but it turns out that “the forest is big, all birds are there”.In the vast sea of ​​stars, there is such a rebel, but it has been discovered by our scientists. It is backward galaxy. Although this galaxy is a spiral galaxy, it is very different from what people have discovered before. It chose to rotate clockwise. A special galaxy!“Nebulas Kepler” by RavinKepler, a famous “sky lawmaker”. We have been exploring the public chain for quite a long time, and it is time to sort out some laws.“Sun Nebulas” by NAS1The Sun Nebula! I don’t know why there are so many obscure and feminine names. Nebula needs some masculinity! Several sets of nebulae have been collected, and frankly, I have not had the courage to wear them out. I hope that the new version of the main net, the ☀️Sun Nebula, will dispel all the hazes in the past, turn the clouds into the sun, and soar the sky, and become the source of the power of the blockchain.“papillon nebula” by kjsndvThe Papillon nebula Nebula (also known as the Butterfly Nebula) was born in March 2018, and the Pillar Nebula was born. At the same time, a star was also born. At this time, the nodes of the Nebula blockchain system were still centralized. The Pillar of Creation, the Nebula Nebula, evolved into a Papillon Nebula and experienced a nebula nova. The Butterfly Nebula is formed by the gradual disappearance and thinning of a star. The centralized node that was born from the creation pillar gradually disappears to form more nodes. These nodes are connected to each other to form a butterfly. Conceived from the initial centralization node, finally breaking the cocoon into a butterfly and taking the Nebula dream to fly to the vaster sea of ​​stars and explore more unknown boundaries!If your name is above, please enter your mainnet Nebulas address on the community page located at https://community.nebulas.io/d/675-name-the-latest-and-greatest-version-of-the-nebulas-blockchain/Congratulations to the winners and thank you to everyone who participated!About the new Nebulas mainnetThe 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.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 name for the next version of Nebulas is “Nebulas Voyager” was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 02. 28

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.

Nebulas

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.

Nebulas

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.

Nebulas

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.

Nebulas

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.

Nebulas

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.

Nebulas

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

Nebulas

20. 02. 13

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.

Nebulas

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 contact@nebulas.io. 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.

Nebulas

20. 01. 08

Nebulas 2020 Roadmap

Dec 30, 2019In 2019, Nebulas has made great strides in it’s roadmap including the release of Nebulas NOVA which was a fundamental update to the network and has also released the community collaboration platform Go Nebulas which launched on-chain governance and took a key step towards achieving Nebulas’ vision.In 2020, we will continue to implement Nebulas’ vision of “Let everyone obtain value from decentralized collaboration fairly,” improve the performance of the Nebulas Mainnet and promote decentralized collaboration.The 2020 roadmap is broken down into three sections: development, research and community operation.DevelopmentProof of Devotion(PoD)Background:In November of 2019, the Nebulas PoD Node Strategy began. At its core is the Proof of Devotion (PoD) consensus mechanism which can be summarized as a mechanism that measures the size of a contribution from the community which includes the consensus and the governance mechanism. Through the decentralized selection process of selecting network nodes, a consensus committee will be established and as a result, will decentralize the main network. In addition, the governance committee will be composed of high-quality consensus nodes that will be organizing community governance in a representative system.The node decentralization strategy will launch on the testnet January of 2020 with the mainnet receiving this upgrade shortly afterwards. This will be the largest upgrade of the mainnet since the release of Nebulas NOVA in March of 2019 and will be the inauguration of PoD.Changes and Goals:Upgrade of consensus mechanism. The PoD mainnet consensus algorithm will be upgraded to improve scalability and solve community development consensus to avoid centralization.Governance mechanism design development and implementation. We will ensure that community governance nodes can make decisions smoothly and can govern Nebulas community proposals and projects via on-chain voting.Nebulas community collaboration platform Go Nebulas upgradeBackground:Nebulas will continue the exercise of decentralized collaboration in 2020 and the Nebulas community collaboration platform, Go Nebulas will be upgraded with it. Since its launch in March of 2019, there have been more than 220 projects and over 150 community proposals on Go Nebulas which includes core projects operated by the Nebulas team, various bounty rewards and projects proposed by the community. This platform is where the community can speak freely and where the PoD governance mechanism comes into play.Changes and Goals:PoD governance. PoD will comply with the changes in the new governance mechanism to achieve decentralized collaboration.Platform upgrades. Go Nebulas will receive upgrades in both collaboration and incentives. Increasing community collaboration and interaction scenarios, as well as Go Nebulas’ incentives. In addition, we can promote the emergence of more high-quality projects to help community members better collaborate with the ecosystem.Nebulas Virtual Machine NVM2.0Background:Nebulas Virtual Machine (NVM) has supported the Chrome V8 engine since 2018 thereby making it possible for Nebulas to support smart contract coding in multiple languages. It is one of the first public blockchains to support smart contracts written in JavaScript. In 2020, Nebulas will continue to optimize the performance of the NVM and will launch version 2.0.Changes and Goals:Optimize autonomous upgrade capabilities. With the release of Nebulas NOVA in early 2019, some functions of Nebulas Force were implemented through the Nebulas Blockchain Executable Environment (NBRE) thereby providing an executable environment. This has been Nebulas’ initial attempt to upgrading the core protocol of the public blockchain autonomously and has provided valuable experience for implementing NF. In 2020, we will continue to increase the speed of core protocol upgrades via on-chain mechanisms, guarantee ease of use, compatibility and officially implement NF.Cross-chain capabilities. Nebulas Rank is an scoring algorithm that measures the value of global blockchain data. Naturally, NR must support cross-chain capabilities. Based on the development of NF, the NVM will have cross-chain capabilities thereby laying a solid foundation for analysis and research on cross-chain data to data interactions.Development ToolsBackground:The Nebulas Mainnet went online March of 2018 and has released asset management and development tools. In 2020, development tools will be further improved to prepare developers and community members to further utilize the Nebulas blockchain.Changes and Goals:Various data interface API upgrades. We will make it more convenient for the community to build their own Nebulas wallet, explorer and more.Various wallet client optimizations. These optimizations include a desktop client, command-line client, various browser wallet plug-ins and more which will support NAS and NRC20 tokens such as NAX. We will also add more features for the web wallet including the support for cold-wallet(offline) signing.Developer debugging environment upgrade. This includes the optimization of various IDEs, visualization operations and improved examples.Complete node related tools and documentation. This includes support tools such as revenue calculation tools and ranking calculation tools.Among them, the Nebulas Foundation will encourage core project changes and release necessary reward projects. Community members can also contribute ideas and develop projects through the governance mechanisms.ResearchIn 2020, Nebulas will continue to research blockchain technology and make advances in the following two directions thereby combining Nebulas’ own characteristics while exploring new possibilities of blockchain:Data analysis and application scenario exploration. In 2020, Nebulas will continue to focus on on-chain data and interactions. Based on the results of data analysis, we will explore new scenarios for Nebulas Rank.Data Privacy. We will explore on-chain data encryption such as zero-knowledge proof, secure multi-party computing and more. Nebulas will focus on privacy issues and explore new research on data security.CommunityDeveloper motivation. Nebulas will initiate the Developer Incentive Protocol 2.0 which will Include:Community project evaluation;University cooperation, support for targeted research projects;Promote healthy development by the community.Decentralized collaborative practice.With the start of the node planned governance mechanism, Nebulas’ decentralized collaboration has entered a critical phase. The governance committee composed of community node block contributors will conduct on-chain voting review of community proposals and projects. In the first half of 2020, we will collect feedback, gradually optimize the collaborative process and build a healthy ecosystem with community members.nextDAO is the next generation of DAO (Decentralized Autonomous Organization) which will focus on on-chain interaction and collaboration. By providing decentralized financial tools and products, redefining the token economy, leveraging the community through smart assets, discovering new business scenarios and promoting the implementation of ecosystem applications, Nebulas will use the nextDAO platform to develop a better experience for the Nebulas community and beyond. These changes will make Nebulas a more open and inclusive experience while building a better DAO.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: @nebulasioNebulas 2020 Roadmap was originally published in Nebulasio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nebulas

20. 01. 07

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 contact@nebulas.io.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.

Nebulas

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.

Nebulas

19. 12. 17

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.

Nebulas

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.

Nebulas

19. 11. 21

Transaction History
Transaction History Market Market Transaction volume Address
Huobi Global NAS/ETH 376.50 73,088,661.91 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
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Platform ERC20
Accepting
Hard cap -
Audit -
Stage -
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