Node Strategy

Nebulas PoD Node Decentralization Strategy - Based on the Proof of Devotion (PoD) Mechanism

V1.0 by Nebulas Foundation, PDF version

Nebulas began it journey with the Vision of “Let everyone get values from decentralized collaboration fairly.” With the continued evolution of the “Autonomous Metanet”[1], Nebulas is proceeding to it’s ultimate goal.

At the core of Nebulas’ PoD Node Decentralization Strategy is the Proof of Devotion (PoD) [2] Mechanism. This idea behind Proof of Devotion is to provide a measurable value of all users based on the size of their contribution to the ecosystem which includes pledging, consensus and governance mechanisms. With PoD, we plan to not just decentralize Nebulas’ blockchain nodes but to also decentralize community governance via the formation of a representative system and government committees.

Nebulas is building a new Decentralized Autonomous Organization (DAO) [3] for complex data networks that will fully embrace community, decentralization and autonomy on a contribution measured basis.

Learn more about the Node Strategy and PoD mechanism:

Another post: The launch of Nebulas’ Proof of Devotion consensus protocol has begun on Ambcrypto.

Roadmap

In order to best complete the decentralized transition of the mainnet nodes, the Nebulas PoD Node Decentralization Strategy will gradually open the node applications to all. Initially, we invite active project parties, partners and community members within the current Nebulas ecosystem to deploy nodes and explore the governance processes in advance to the public release to provide valuable advice for testing and improvement. The roadmap is as follows:

  • Early January 2020 - Launch of test bounty program on the testnet;
  • January 2020 - Node application by invitation, consensus mechanism initiated;
  • End of February 2020 - Open application for community nodes;
  • End of March 2020 - First governance vote, governance mechanism initiated.
[1]Autonomous Metanet: An open collaboration system based on blockchain technology, which is oriented around complex data and interaction.
[2]Proof of Devotion (PoD): A consensus mechanism built on the basis of the size of community contributions. This includes both consensus and governance mechanisms. The establishment of consensus committees through community contributors to achieve nebulas’ blockchain nodes decentralization; Participation in community governance through the representation of governance committees.
[3]Decentralized Autonomous Organization (DAO): An organization that is represented by public and transparent computer code. Financial transaction records and procedural rules of a distributed autonomous organization are stored within the blockchain.