The public chain has direction, but it has no direction.

I saw the bottleneck of performance and the importance of developers, but I couldn't see the direction of implementation.

In the first half of last year (2018), there was a thousand-chain battle, and in the second half of the year, various public chains supported developers. Unfortunately, it turns out that developers and users have little loyalty to most public chains. The DApps that are better than none on the list are mainly gambling and fund-based, with occasional adult apps appearing.

Nebulas is undoubtedly one of the public chains with the earliest and most powerful developer incentive plan. The helpless pioneer became a martyr. In a recent interview, Wang Guan, the co-founder of Nebulas Chain (NAS), also admitted to Odaily that the effect is not good, and also shared with us Nebulas' reflections and latest plans under the current market conditions.

“No application. So far, blockchain is the logic of assets.”

In the previous incentive plan, Nebulas promoted Internet products rather than gambling and other projects that are prevalent today, but in the end there were very few of them. This seems to indicate that the only thing that changes the blockchain is as long as there are "applications" such as gambling. "Gambling is still an asset class. This thing is not new and will not become mainstream."

"Having been motivated, the effect is not good. Half of the people come to collect the wool, and there are also internal people playing. When you are not strong enough, you start to pour problems into the market, and there will be internal problems."

The bull market is crazy, Nebula's own currency prices are rising and running at high speed, internal problems are also beginning to be exposed. At the same time, the CTO joined other projects without notifying them, causing the community to question the opacity of Nebulas.

Under the bear market, the landing is still far away, and research and development have been replaced. With the lessons learned from the past, Xingyun began to rest and reflect.

The theme of the blockchain team is assets. After the token sale, how to survive by changing the organizational structure? This is a question they were thinking about some time ago.

"The public chain is not installed in one company." The final decision of Nebulas is to achieve complete communityization. As a public chain, the roadmap written in the white paper has been gradually realized, and it needs to have a direction to go, not to mention that the public chain itself requires community supervision.

I'm afraid that the proposition of community governance has never been easy. Traditional public management has been exploring for hundreds of years and shows that public lands are often reduced to tragedy.

A few days ago (March 30), Ethereum core developer Lane Rettig declared on Twitter: "Ethereum's governance has failed."

He argues that ethereum eventually became a technocracy, with a few developers deciding which proposals would be added to or subtracted from the protocol. "However, more and more challenges we face today are non-technical. The core developers don't want to make these decisions because they feel that they have no qualifications, no rights, and should avoid conflicts of interest. They just want to write well. code."

Lane sparked some discussion. Wang Guan also believes that the community governance of Ethereum is not doing well. "They don't have a mechanism to guarantee that it can be upgraded. We don't need to have a consensus, but we need to have a direction. There is no mechanism for this system to be upgraded now."

EOS supernodes also set up a referendum mechanism for this problem, but in the end they suffered from the low enthusiasm of users to vote. "No one is willing to vote because there is no incentive. If the coins are all in the miners/super nodes, why should I vote?" Nebulas is also designing a vote distribution mechanism based on activity.

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Turn the company into a step-by-step project system with community supervision

February this year, Nebula launched the community-based reorganization work, and the current core team work was restructured into a project-based management method. The end goal is hopefully the boundaries between companies and communities disappear.

nebula, anyone can initiate a project proposal and submit a plan here, and the project can be established after the community votes. Each project can recruit community members to participate by applying for the Nebulas Ecological Fund.upGo Nebulas Community Platform, anyone can initiate a project proposal and submit a plan here, and the project can be established after the community votes. Each project can recruit community members to participate by applying for the Nebulas Ecological Fund.

This is a bit like "roll call time + GitHub", the difference is that participants can receive "salary". The ecological participants of Nebulas can also understand and monitor the development planning and execution progress of each project more clearly.

The first step is to change the current company. The current core team of the Nebulas team is about 40 people. After the project system is changed, the members of the core team will be scattered in various projects and become the person in charge and the direct executor. According to the platform information, Nebulas has disclosed more than 80 projects in execution and planning, covering mainnet development, ecological tools, subject research, ecological expansion, marketing promotion and other aspects of work.

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Introduced a new organizational governance structure and established three associations

Now that the way of working has changed, the corporate governance structure of Nebula itself will also be adjusted.

Introducing the crown,The entire governance structure is composed of "three meetings"。

The members of the original founding team will form the Nebulas Foundation and the Nebulas Technical Committee. The Nebulas Council will also be established, and more than half of the community seats will be opened.

"The main body of the existing company will become a foundation, mainly to do the things mentioned in the white paper (including BD, Marketing, etc.), which may be completed this year." Wang Guan revealed that the foundation will manage the Ethereum raised by the team. , and the remaining 55% unissued NAS. Among them, 35% are community public assets reserved by the community ecology; the remaining 20% ​​are "employee" option pools (options).

Some community-based projects have options, and those who have accumulated 80,000 options will automatically be eligible to become foundation directors (candidates), and the council will have at least 5 people.

Each project needs to be voted by community members before the project is approved. The technical committee is mainly responsible for the quality assessment and testing of the project, allowing users to vote and assist the smooth implementation of the community-based decision-making mechanism. Members need to mortgage 25,000 NAS; the council is mainly responsible for supervision , to become a director needs to pledge 100,000 NAS for two years, and get 10,000 NAS for two years.

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Release new token voting tool for on-chain governance

Every decision, project approval, and mainnet upgrade in the community requires a vote.

This can be the basis of the mechanism of "guaranteeing the success of the upgrade and deciding the direction of embedding" in Wang Guan's mouth: a reliable voting tool.

In addition to the separation of miners and user groups, another common problem of public chains is that "big households are in power". If ordinary users think their votes are meaningless, they will naturally have no willingness to vote.

In this regard, Nebulas is also designing an on-chain voting tool. The "votes" of this mechanism are tokens distributed based on participation, named Nebulas Autonomous Token (NAT).

NAT is the voting medium for ecological governance scenarios. According to the introduction of Nebulas, the issuance of NAT will be related to the activity of the address within a certain period of time, voting behavior and other dimensions.

In other words, if you are an active user, you may get more NAT than a certain NAS player, in order to motivate users to participate in ecological construction. What's more, "the project (on the Nebulas platform) will canvass votes, hoping to get this budget, and there will be a game between voting and the project side", and it will also mobilize users to vote.

Finally, after the governance rules and tools become mature and stable, Nebulas will use four months to gradually complete the decentralization of the main network nodes and the communityization of system bookkeeping.

Chain and producer | The next generation of public chain, competing for developers

Reference reading:

Chain and producer | The next generation of public chain, competing for developers