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Nebulas announced the creation of Nebula Trinidad, a three-sided governance model to oversee the development of its blockchain, in collaboration with the nebulae community to manage 35,000,000 SAR in public badets earmarked for the development of the ecosystem.

The trinity of nebulae comprises three organizations with distinct, independent and binding powers. These organizations are:

  1. Nebulas Council, which will oversee the legitimacy of Nebula's governance process, including the use of public badets entrusted to the Nebulas Foundation for growth and scale of the ecosystem.
  2. Nebulas Foundation, which will manage the public badets, pool resources and deploy capital for the sole purpose of developing Nebula's ecosystem.
  3. The nebulae technical committee, which will promote decentralization and community collaboration for research and development, blockchain nebulae.

The goal of Nebulas Trinity is to decentralize power throughout Nebula's ecosystem and provide a system of checks and balances. To do this, the source of power and the extent of governance of each organization will be strictly designated.

All members of the Nebulas community are eligible for election to Trinidad Nebulas. No member can occupy a position in more than two organizations simultaneously, and no organization can make a fully independent decision without the consent of the other two organizations.

With Nebulas Trinity, Nebula's governance will be based on individual members of the community. The basic component of the blockchain is an address that designates a decentralized node and a value store. The same goes for the governance of the Nebulas blockchain.

According to the Nebulas community governance model, each blockchain address has three basic claims:

  1. The right to own and use badets on Nebula
  2. The right to initiate a proposal
  3. The right to vote

These claims are fundamental rights that can not be broken. Therefore, any Nebula user having access to a NOVA address via a unique private key will not only be able to control their badets and use the Main Network, but also participate in the decision making and constitution of a community-based ecosystem.

More specifically, public badets under the jurisdiction of the Nebulas community, represented by Nebulas Trinity, include intellectual property and public funds of NAS. This intellectual property covers open source code such as main network upgrades and any other badociated code affecting the public interest of Nebula, while public NAS funds are those reserved for the community ecosystem, as indicated in the Nebula white paper.

The announcement of Nebulas Trinity anticipates the launch of Nebula NOVA's main network, scheduled for April 15, 2019, which will bring new levels of functionality and autonomy to the Nebula blockchain.

Nebulas NOVA will for the first time to value the data of the channel via the program Nebulas Rank [NR] algorithm. The new backbone will also support the instantaneous and dynamic upgrade for NR and the developer incentive protocol. [DIP], resulting in a more autonomous blockchain that updates automatically and automatically.

More information on Nebula Trinity, NOVA on NOVA, the Nebula rankings and the development incentive protocol are available on the official blog of Nebuleuses.

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