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RE: ugChain Giveaway #1 | WIN STEEM HERE

in #contest7 years ago

My favourite blockchain is nebulas
1_SmmtoLCB_sdzh86xA4ecHA.png

Nebulas

Typically when I see “search protocol” blockchain projects I get anxious because I immediately think about what might happen if Google ever decided they wanted to enter the blockchain space. Until that day comes, Nebulas is the solution. Aside from it being a search protocol, Nebulas has its own VM which supports dApp development, and its efficient upgrade system allows for rapid scalability. Nebulas makes the list because as blockchains become more mainstream and begin to see actual real world use, blockchain projects will need a robust, intuitive search feature, and many will go to Nebulas for this.

To rank items in a search engine, there needs to be some established value system. A way of judging one project, dApp, user, or protocol from another. Nebulas has designed a value system for blockchain and this value system enables Nebulas to effectively “value” users and accounts and reward them accordingly. Combine this with dApps, smart contracts, and other advanced features and Nebulas can become a serious competitor if they do well.

Business at Nebulas

The founder of Nebulas was one of the founders of Antshares
Nebulas are connected with Tencent through their WeStart program which will see them get funding and advice from the company, and will help them connect with other companies under the WeStart umbrella
Partnered with “500 Startups”, an incubator and VC investor similar to the Tencent WeStart program
Have already begun building relationships within the blockchain community which is very important for a protocol project. Current partners from the blockchain space include YOYOW, Gifto (whose platform will start off already having 30 million users — a ranking system will be essential), and Loopring
Invested in by FBG Capital, a VC which has backed a number of successful Chinese blockchain projects in the past.