Chief's Open-Source Overviews | Neblio

This Chief's Open-Source Overviews analyzes the major benefits and advantages of the open-source blockchain and cryptocurrency, Neblio (NEBL) with the goal of helping provide value to the community about this open-source blockchain platform.

Neblio is a blockchain as a service platform that has tremendous distinguishing features that position itself to thrive in this marketplace implementing blockchain solutions for businesses and organizations.

It does this by making it easy, efficient, and effective for these businesses and organizations to deploy and implement blockchain technology in a decentralized manner.

Currently priced at $26.55, NEBL ranked #82 in terms of market capitalization of all cryptocurrencies and tokens.

This guide will explain four major reasons to pick Neblio out of all cryptocurrencies & blockchains:

Blockchain as a service (BAAS) is rapidly grabbing investors attention as the market for getting businesses and organizations using blockchain technology is getting ready to explode.

As one of the BAAS platforms, Neblio is positioning itself as a player in this industry which helps implement blockchain solutions for these corporations and organizations.

It has APIs in nine (9) different programming languages so that basically no matter the current organizations or business's programming language it can be integrated seamlessly with the Neblio open-source blockchain.

It also can work with applications run on iOS, Android, and Windows.

This helps Neblio attract more start-ups, businesses, and organizations to the network thus increasing the value of NEBL.

Another advantage is that Neblio's platform is that its nodes can be built in wherever the business or organization is processing and/or storing data.

This is a huge differentiating attribute as it allows Neblio to position itself as an enterprise-grade all one-in one BAAS platform

Its newest developments discusses developing partnerships with huge cloud providers such as Amazon AWS, Microsoft Azure, and Google Cloud so that Neblio nodes can be implemented in the customer's data centers.

In recap, Neblio's is positioning itself as an all-in-one BAAS platform provider to businesses and organizations with its APIs and node attributes (more details below) creating distinguishing attributes that will make sure Neblio successful in the short and long-term.

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Neblio's open-source blockchain is Proof of Stake (POS) which brings two major benefits to the forefront.

First, POS is much more energy-efficient than Proof of Work mining. Staking with Neblio requires negligible amount of energy using the Neblio wallet and can be run on a Raspberry Pi if you prefer.

This means businesses and organizations don't have to worry about dramatically increased energy costs when transitioning to the Neblio decentralized network.

They can run their nodes and stake the network with barely any effect on their electricity costs.

And secondly any Neblio wallet that has NEBL in it and is staked (kept unlocked so it can help maintain the network) receives NEBL tokens from the network. The wallet is currently getting staked 10% a year so there is an incentive to help maintain the network all while consuming very little energy.

This is a huge benefit of Neblio and allows for individuals, businesses, and organizations to receive a dividend-type payment just by allowing their wallet to stake the netowkr.

In recap, Neblio deploys a POS mechanism that maximizes energy efficiency for individuals, businesses, and organizations harnessing the network all while incentivizing them with dividend type payments of NEBL for helping stake the network.

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The Neblio Token Protocal-1 (NTP1) takes the Neblio blockchain to the next level as it allows any Neblio user to issue tokens on the Neblio blockchain.

Like Bitshares does with UIAs and Ethereum with its ERC-20 tokens, NTP1 allows users on its network to create assets and distribute them on the network.

This is a huge distinguishing feature for businesses and organizations evaluating various BAAS platforms looking for ways to use tokenization to help with asset tracking, employee management, records management, among many use cases.

These other BAAS platforms do not have this functionality and this helps positions Neblio a step up in the pursuit of becoming an all-one BAAS provider.

Also there NTP1 tokens have special features that other tokens do not have such as storing metadata and encrypting some or all of this data.

Tokens used on the Neblio network have the ability to store metadata about the transfer or transaction so that the businessines and organization using the tokens can have access to this information and use it for different purposes.

And with these NTP1 tokens the users have the ability to encrypt some or all of this metadata to fit each specific use cases of the users. Sometimes sensitive information needs to be encrypted. This is no problem with NTP1 tokens.

In recap, individuals, businesses, and organizations can issue and distribute their own tokens on the Neblio network. They can also store & encrypt their data making Neblio one of the few BAAS platforms to have this level of functionality and positioning itself for short and long term success in the BAAS space.

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One of the biggest benefits to Neblio is that everything from an Amazon AWS cloud to a datacenter server to a Windows PC can launch a Neblio node in seconds.

Wait, I thought nodes took hours, days, even weeks to set up?

Not with Neblio.

The combination of QuickSync and the Neblio Docker allows the Neblio nodes to take seconds to get synced up to the network.

This is possible because QuickSync is a highly compressed copy of the blockchain available for download from the nodes. It is updated every 24 hours so that data is current allowing it to take only a few seconds for the blocks to be synced.

And then you have the Neblio Docker which allows anyone that has Docker, the world's number one container platform, to deploy a fully functioning Neblio node with a single command.

How efficient and effective is that?

Neblio's team realized that if a BAAS platform wants to truly scale it cannot have its customers wait hours, days, or weeks for its nodes to fully sync.

The newest developments of Neblio Docker and QuickSync solves this problem by syncing up nodes in mere seconds positioning itself as a BAAS that can scale. This gives Neblio another distinguishing attribute compared to other BAAS platforms.

In recap, the Neblio's developments of Neblio Docker and QuickSync are two features that makes Neblio rise to the top of the BAAS platform sector. It allows for the network to scale with an efficiency and effectiveness not seen in the marketplace.

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So why pick Neblio out of all the cryptocurrencies and blockchains?

It:

• is a BAAS platform with several distinguishing features,
• uses Proof of Stake with a staking wallet that pays out dividends,
• users can issue and distribute their own tokens with NTP1, and
• has incredible efficiency and effectiveness because of Neblio Docker and QuickSync.

This concludes Chief's Open-Source Overviews of the the major benefits & advantages of Neblio.

Hope this provides value to yourself and please feel free to use this as a resource to help answer questions and bring awareness to the open-source Neblio.

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Series

Here are links to the other posts part of this series, Chief's Open-Source Overviews:

• Stratis | Open-Source Overviews
• NEO | Open-Source Overviews
• PPY | Open-Source Overviews
• ARK | Open-Source Overviews
• STEEM | Open-Source Overviews
• Utopian.io | Open-Source Overviews
• Steemit Part #1 | Open-Source Overviews
• Steemit Part #2 | Open-Source Overviews

Sources:

• https://coinmarketcap.com/currencies/neblio/
• https://steemit.com/neblio/@acryptotrader/neblio-nebl-is-the-most-under-valued-crypto-here-s-why
• https://nebl.io/discover/
• https://nebl.io/2018/01/08/neblio-development-update-4-january-8-2018/
• https://nebl.io/2017/12/03/neblio-development-update-3/

Image Sources:

• Blog headers created by myself
• https://nebl.io/2017/12/03/neblio-development-update-3/
• https://bitzamp.com/neblio-nebl-listing-binance/

Namaste

@chiefmappster

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Posted on Utopian.io - Rewarding Open Source Contributors

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