Nebulas Research has published its “Nebulas Rank Yellow Paper” which focuses on a value ranking algorithm to measure the importance of blockchain entities.
The yellow paper is a significant research result for introducing search index ranking and value discovery in the blockchain world.
Nebulas Rank is the first multi-dimensional value ranking method designed for blockchains, providing a foundation for other blockchain projects and researchers to expand and build upon.
Nebulas is a next-generation public blockchain that was recently ranked sixth in the world on the Global Public Chain Technology Assessment Index issued by the CCID Research Institute. This list was published by China's Ministry of Industry and Information Technology on June 20.
What The Nebulas Rank Yellow Paper Means
The publication of Yellow Paper is a major research milestone for Nebulas, building on the release of the foundation White Paper last year, and the launch of the Eagle Nebula 1.0 Mainnet on March 30 this year. This Yellow Paper means Nebula Rank has officially progressed from the verification stage and entered the stage of implementation. The development of Eagle Nebula 2.0 has begun.
The Nebulas Rank Yellow Paper is the result of deep research and technical experimentation by Nebulas Research over the past year. The team brings together many top research talent in the fields of computer science, cryptography and blockchain. All of them are doctors from famous universities such as Tsinghua University and Huazhong University of Science and Technology.
Why Nebulas Rank Matters
The Nebulas Rank confronts the problems of the current blockchain world and establish a value measurement standard based on truthfulness, fairness and diversity. The algorithm aims to bridge the gap between the ever-expanding scale of usage and collaboration of blockchain technology, and the efficiency of such usage.
This will hasten new innovation in emerging blockchain industries such as native cross-chain transactions and data exchange. It may also help establish toward establishing more effective incentive mechanisms, providing the core stimulus for promoting the formation of a healthy and enduring blockchain ecosystem.
According to the definition of the Yellow Page, the Nebulas Rank algorithm has been designed to measure the contribution of account addresses to a blockchain economy of circulating cryptocurrency. This algorithm measures the contributions of accounts on the micro-level, as well as changes in the aggregate economy at the macro-level.
To ensure the fairness of the ranking algorithm, Nebulas Research devised a Wilbur function that can effectively resist manipulation. To meet the need for diverse blockchain applications, two categories of Nebulas Rank have been devised: Core Nebulas Rank and the Extended Nebulas Rank.
Core Nebulas Rank takes into account both the median value of assets of a factoring account over a certain period of time and the degree of access of the account within a certain period of time.
Extended Nebulas Rank provides different calculation methods to measure the importance of different applications in the blockchain world. Together, the two categories of Nebulas Rank better meet the actual needs of various blockchain dapps and use cases.