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Nebulas

Nebulas
Nebulas

Nebulas describes itself as an autonomous metanet, which focuses on on-chain data, interactions, and collaboration. Its hyper-mapped structural metadata can reportedly handle increasingly complex on-chain data and describe these interactions. On 15 April 2019, the team released Nebulas NOVA, a blockchain network with native on-chain incentive. After Nebulas NOVA goes live, developers and users will be able to participate in the development of the Nebulas ecosystem to realize its vision – let everyone benefit fairly from decentralized collaboration. To facilitate ecosystem development, asset management, and promote the “autonomous metanet”, the founding team of Nebulas will form the “Nebulas Community Group” together with the community. The Nebulas Community Group comprises 3 organizations – Nebulas Council, Nebulas Foundation, and Nebulas Technical Committee. These organizations will supervise each other and support the sustainable development of Nebulas.

What is Nebulas (NAS)?

Nebulas is an incentive-based, self-evolving blockchain system with “a decentralized platform which provides a search framework for all blockchains.” Founded in 2017, the Singapore-based Nebulas IO Foundation’s project highlights include a search engine and up-gradable smart contract capabilities – things not currently feasible on Ethereum.

Many in the crypto community are referring to Nebulas as “the new Google”. While the two are similar in a sense, they hold different use cases. Google is intended for day to day internet information searches, while Nebulas focuses on searches among decentralized applications (DApps), smart contracts, and user’s blockchain assets.

As of now, the Nebulas (NAS) token is an ERC20 token. However, when the main net launches in March, NAS will switch over from the Ethereum blockchain to the distinct Nebulas chain.

According to its whitepaper, Nebulas’s mission is to “lead us to a better life with a higher level of freedom and equality”. The team hopes that its blockchain technology will help facilitate the turning of public data into private data, eliminating the chances of large corporations like Google, Amazon, and Facebook from analyzing/profiting from said data.

How do I buy cryptocurrency?

While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoin or another cryptocurrency.

To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereum.

Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies.

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