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Past ICO Review: Nebulas Not as Cloudy as Appears

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  • Eric Eissler
    ⭐ Features

    Search engine for Blockchains? It will be needed soon to find the right Dapps

Past ICO Review: Nebulas Not as Cloudy as Appears
Cover image via u.today
ByBit

The token sale for Nebulas ended on Dec. 16, 2017, and it raised some $60 mln. It currently has a market cap of $345.5 mln and the token price is increasing in value since the ICO. The token debuted before the official ICO and it was trading at $4.58 when it entered the market in August 2017. At the time of writing, it was sitting at $9.71 per token, a 112-percent gain!

Nebulous Blockchain searches- no more!

One of the main problems that Nebulas tries to solve is searching for relevant decentralized applications (Dapps). As Dapps become more and more prevalent, being able to find the right Dapp to meet your needs will be harder and harder. That is why the value ranking will be vital in sorting Dapps. It will be akin to page rankings on a search engine, but for Blockchains and Dapps instead.

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No forks at this table

The elimination of hard forks or fundamental programming codes changes that affects how the Blockchain functions. In the past year, there have been countless hard forks that have created new cryptocurrencies, and thusly, “parent-child” rivalries, such as the most notorious case, Bitcoin and it’s hard fork of Bitcoin Cash.

The latter, supporters like Roger Ver say, is the original Bitcoin! Without the hard forks, it makes it easier to manage a Blockchain and its nodes, the originator of the programming code, does not have to worry about miners and coders going rogue and splitting up the Blockchain. The idea behind the no forking is that the system should upgrade over longer periods of natural changes to the protocols and policies.

3 Pillars of Nebulas

The following are descriptions, taken from the website, of the three core technologies that will allow Nebulas to develop continuously and naturally.

  • Value Ranking: Nebulas Rank (NR) provides a measure of value for every unit in the Blockchain. It is the core ranking algorithm and was open sourced. The algorithm is based on liquidity, propagation of users' assets, and the interactivity between users. NR is used to rank addresses, smart contracts, Dapps and other entities on the Blockchain.

  • Self-evolving: Nebulas Force (NF) enables Nebulas to respond to new demands without forks. It provides the Nebulas Blockchain and its distributed applications built on top, the capability to self-evolve. In this way, developers are able to make changes, incorporate new technologies, and fix bugs without needing to hard fork.

  • Native Incentive: Nebulas Incentive (NI) rewards devoted Nebulas developers and virtuous users. Incentives are the driving force of Blockchain evolution. The Nebulas Incentive includes Developer Incentive Protocol (DIP) and Proof of Devotion (PoD).
     

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Development team

The China-based team behind Nebulas has some developers who are responsible for creating Antshares or what is now known as NEO.

Hitters Xu- Founder and CEO of Nebulas, Founder of AntShares, now known as NEO, a Blockchain pioneer in China, the former Director of Ant Financial's Blockchain Platform, Alibaba’s financial branch and part of Google's Search & Anti-Fraud team.

Robin Zhong- Nebulas co-founder, former architect of Ant Financial's Blockchain Platform, former Senior Development Director of Dolphin Browser, Leader of Game Division.

Aero Wang- Nebulas and NEO co-founder, initiator of OpenIP and IP Community, a serial entrepreneur in Blockchain industry.

With a strong development team, mission, vision, $60 mln raised, and most importantly an actual purpose, Nebulas has some strong potential.

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About the author

Eric Eissler is based in Chicago and works in higher-education administration and finance. He is a freelance writer covering blockchain technology, fintech, cryptocurrency, the oil and gas industry, and international politics.

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Bitcoin Price Should Get Bullish Structure Forming Today/Tomorrow, Crypto Trader Says

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  • Yuri Molchan
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    A crypto trader states that today or tomorrow the Bitcoin price should see an up-thrust, which should lead to the forming of a bullish structure on charts

Bitcoin Price Should Get Bullish Structure Forming Today/Tomorrow, Crypto Trader Says
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

ByBit

Earlier today, the Bitcoin price dropped below $8,100, but at the time of writing BTC is trading at $8,179, having dropped from an earlier level of $8,258.

BTC price
Image via CoinMarketCap

A crypto analyst @CryptoMichNL tweeted he expects the flagship crypto coin to decline to $7,800 or $7,300.

However, a trader suggests a bullish structure should start forming soon.

‘Bitcoin price should see an up-thrust’

A crypto trader @BTC_JackSparrow, who is just back from holiday, as he specifies, says he has been back to trading and has shared the results on his Twitter page.

First he observed no bullish structure after trading for a while.

But now he says Bitcoin should conduct an up-thrust so a bullish structure could start forming today or tomorrow.

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Bitcoin is bearish ahead of the halving, an analyst says

The next Bitcoin halving is to take place in May 2020. Many are expecting this event to push the Bitcoin price way up. However, an analyst Willy Woo (@woonomic) believes that the approaching halving is making weaker miners leave the business. Besides, the price has gone down from $14,000 down to the $8,000 area.

He is pointing out that the current setup is quite bearish for Bitcoin.

 

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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