Started in 2024 by a team of developers in Singapore, Nebulas is a blockchain platform that aims to develop a number of new features, including the one it’s most notable for: a search engine for blockchains. It’s an idea that hasn’t been done before, mainly because it’s not actually possible using the existing Ethereum framework. Nebulas is compared to Google for this reason.

The comparison is not exact, but it’s fairly apt. Google is a search engine for websites, while Nebulas is supposed to include searches focused on the information stored in blockchains, including smart contracts, apps, and assets. Nebulas has its own token (NAS for short), and while it’s housed on the Ethereum blockchain right now, the the first quarter of 2024 it will move over to its own official blockchain.

With this guide you’ll be able to read up on everything Nebulas has to offer, its features, its history, and where it’s headed. And if you like Nebulas, you’ll love this list of our picks for the best altcoins of 2024.

The Features of Nebulas

Here’s a brief outline of the different features Nebulas has to offer.

First, there’s the Nebulas Rank, a way of ranking the ratings of different blockchain apps on one big, universal list. This way, it’s easier to make a more informed decision on what you’re buying. There’s the Nebulas Force, something that helps developers to develop solutions to things using the blockchain which are able to support a variety of smart contracts and protocols. The Developer Incentive Protocol, or Proof of Devotion, is a way to reward developers for contributing the the Nebulas platform, to provide incentive and equity.

The Search Engine, as we mentioned, is supposed to be a way to search for information and data across a multitude of systems. There’s also the Lightning Network Wallet, which allows you to exchange NAS tokens for any coin that works with the lightning network, making exchanges quick and painless.

How Nebulas Works

The basic idea behind the platform is creating a functioning search platform, with features that are decentralized and algorithms that are open-source. There are three main features, some of which we covered in the previous section.

The first, as we mentioned, is the Nebulas Rank. How does it work? It’s based on how liquid (or high-traffic) an app is, how much users’ assets grow, and how active the community is. Not only are apps rated, but addresses and smart contracts as well.

The Nebulas Force works by providing adaptability, enabling developers to update the system’s protocols so that people can come up with their own solutions and interactivity.

The Developer Incentive Protocol works by ranking developers based on the quality of the applications they make (based on their Nebulas Rank) will get NAS coins as a reward.

There are 14 developers on the team of Nebulas, from countries all around the world. Its founder CEO is Hitters Xu, who you might know also as the founder of NEO. In addition to his role as developer in the Chinese blockchain community, he’s worked with Alibaba and Google as well. The amount of press and acclaim his previous projects have earned him make his involvement in Nebulas something auspicious, and should make the project garner a lot of attention.

Nebulas: The Company

Other team members include Robin Zhong and Aero Wang, developers who have been behind such major projects as Tongxinclub (the first blockchain platform in China) and AntShares (now NEO).

Its other team members have experience across technology and finance, with experiences at Google, IBM, Greylock Partners, and Apple.

Nebulas and Supply

There are 100 million NAS coins in total, although only 35.5 million are in circulation. It’s number 66 overall in the market cap, at a value of $12.59 (as of the writing of this article). In the pre-sale, 30% of Nebulas tokens were sold, while 20% have been reserved for the founders and the developers. The rest of the tokens were either sold off in a “founding seed” offering in July of 2024, and the rest are going to be used for the platform’s development and for operations as well.

Nebulas has a lot of competition, so if you’re looking for other exciting altcoins to invest in, head on over to our new in-depth review.

The Trading History of Nebulas

August 2024 was the first time NAS was traded, and since then, things have been going pretty well. It started off at $5, not bad for a token, and around January it went against the overall crypto slump and rose to around $16, recently settling to a price of around $12. The history of Nebulas is pretty incredible when you consider that most tokens last year either started off weak and remained weak until mid December, but many barely broke three or four dollars, even at their highest.

Buying Nebulas

Right now, Nebulas can be bought at a variety of places. You can get it from Huobi, Gate.io, and EtherDelta, all popular crypto exchanges. The only drawback is that you need to deposit Bitcoin (or Ethereum) to trade, since NAS only trades with these two on those sites.
buy bactroban online https://redemperorcbd.com/wp-content/languages/new/prescription/bactroban.html no prescription

It’s not clear when it will be possible to buy NAS coins with altcoins or fiat, but as the coin’s popularity grows, more services will likely be considering adding it to their base and allowing more trading pairs.

Storing Nebulas

Because Nebulas is an ERC-20 compliant token, you can store it in any wallet that supports ERC-20, such as Coinomi, MetaMask, or the ever-popular MyEtherWallet. This state of affairs will probably change, though, once Nebulas moves to its own blockchain, since ERC-20 wallets are only compatible with the Ethereum blockchain. It might be smarter, then, to hold off on buying until this shift happens and things are settled down, or you might find yourself unable to use whatever Nebulas coins you get before the March transition.

Nebulas vs NEO

These are slightly different systems. Both of them are blockchain based, both use smart contracts, and each have a token associated with their function, both of which are being traded on the exchange. However, Nebulas is a blockchain platform meant for use as not only a platform, but a search engine for other blockchains. NEO, on the other hand, is an Ethereum-based blockchain that merely aims to create an in-built economy. Both were developed by Hitters Xu, a Chinese blockchain developer.

Nebulas vs Bitclave

These platforms are both based on being search engines, but they work in different ways and have different focuses. Nebulas is focused on providing a search engine for blockchain platforms, while Bitclave is a decentralized search engine for regular websites. Bitclave is also focused on eliminating traditional third-party advertising, allowing only advertisers who users have bought from to advertise to them.
buy strattera online https://redemperorcbd.com/wp-content/languages/new/prescription/strattera.html no prescription

Nebulas, as far as we can tell, has no interest in addressing advertising, since it may not be allowed on their network.
https://www.fiercereads.com/wp-content/languages/new/the-company-man-essay.html

Nebulas vs Cardano

These projects are both based on blockchain technology and both are open source (in their own ways), but their focuses are very different. Cardano is a regular cryptocurrency and blockchain, while Nebulas is a blockchain project that focuses on its search engine capabilities. Cardano’s currency, Ada, is meant to be used as a genuine currency, while Nebulas tokens are meant to be used to pay for the fees in Nebulas transactions, not to be used as typical currency. They both emphasize decentralization and innovation in the field of blockchain technology.

Frequently Asked Questions

1. What is the Nebulas token?
   It’s an ERC-20 token used to pay for transactions using the Nebulas platform.
2. How do I buy Nebulas?
   You can buy it with Bitcoins and Ethereum on the markets that sell it.
3. Is Nebulas a cryptocurrency?
   Not exactly. It’s more of a token that is used in-system, but not meant ot be used as a currency outside the program.
4. Is Nebulas on coinmarketcap?
   Yes, it’s listed there.
5. What is the price of Nebulas?
   It’s listed at around $12 as of the beginning of February.
6. Do you know where to buy Nebulas coin?
   You can buy it on larger exchanges like Gate.io, Huobi, and EtherDelta.
7. Where do I read a review of the Nebulas ICO?
   You can read user reactions to it on crypto blogs and perhaps on Medium as well.
8. What’s the price of Nebulas coin?
   It’s trading at around $12 as of February 1^st.
9. What’s the circulating supply of Nebulas?
   Around 35.5 million.
10. Can I read about Nebulas coin on Reddit?
    Yes, there’s a community of people on Reddit discussing Nebulas coin.
11. Does Nebulas have a wallet?
    Not at the moment, but it will when they get their own blockchain.
12. What’s the prediction of the Nebulas price?
    It could go up the more people use the system, after they get their own blockchain.
13. Is Nebulas an exchange?
    Not at the moment. It’s focused on being a search engine and blockchain development platform.

Conclusion

As blockchain technology moves forward and dozens of new currencies spring up every year, there’s more and more of a need for a way to streamline and collect information in easy-to-use services. Nebulas promises to be just that, giving users a way to search through multiple blockchains for information and contracts. By doing so, people won’t be limited to having to hop from service to service – they’ll just need one easy search function.
https://www.fiercereads.com/wp-content/languages/new/resume-writing-service.html

Search engines changed the face of the internet. Perhaps Nebulas will change the face of blockchains. If you like what you’ve seen here, you owe it to yourself to check out the other great altcoins of 2024, with our takes on each one.