NBS is the result of the first collaboration between EOS founder Daniel Larimar and Ethereum and Cardano (ADA) co-founder Charles Hoskinson. It is a DPOS consensus-based DeFi (Decentralized Finance) business and DEX (Decentralized Exchange) OSS (Open Source Software) solution, managed through a DAO (Decentralized Autonomous Organization) structure. NBS leverages Graphene technology, which is among the most advanced blockchain technologies in the market.

Project Introduction

Since its launch on September 10, 2020, NBS has been committed to the philosophy of "winning together with DeFi, reconstructing the public chain economic ecosystem, and achieving DeFi inclusive applications through free sharing." It innovatively revolutionizes stablecoin applications, realizing gold-backed and token-backed mining as well as perpetual contract functions on the DEX internal board. Building upon the original Graphene architecture, it adds cross-chain capabilities (NBS-Connect), oracles (NBS-Forcast), an EVM virtual machine, and NFT non-fungible token functionalities. Through DeFi, it reconstructs the economic model of the public chain, allowing the NBS ecosystem to form a true closed loop. Simultaneously, as an efficient blockchain DEX infrastructure, NBS significantly reduces the financial threshold and cost for users participating in transactions. NFT functionality can be applied in areas such as digital collectibles, gaming projects, digital goods, event tickets, real estate, identity documents, certificates, etc.

The purpose of the cross-chain NBS-Connect is to enable seamless integration of NBS into the entire DeFi ecosystem, while allowing assets on NBS to enter popular ecosystems like Ethereum, Polkadot, EOS, Cosmos, etc., through cross-chain, freely converting into standard assets on other chains.

The oracle NBS-Forcast, based on NBS trusted computing, is the first application of trusted computing in the DeFi field. The role of the oracle is to provide blockchain with reliable off-chain data input, bridging the real world and the on-chain world. NBS-Forcast will realize a high-performance, secure, and scalable oracle service, simultaneously leveraging cross-chain relays to provide services for DeFi applications on Ethereum, Polkadot, and other chains.

NBS integrates a programmable virtual machine, enabling all centralized internet services to be deployed on-chain. The virtual machine creates a virtual runtime environment, breaking free from the constraints of real-world hardware architectures and solving compatibility issues. On-chain programming and execution become possible, with open-source processes and open logic, gaining more trust from others. After integration, the NBS platform no longer needs to hard fork each time new features are added; instead, they can be directly added through custom smart contracts, significantly reducing deployment costs and increasing flexibility.

NBS embodies the four major characteristics of DEFI: open-source code, governance tokens, liquidity mining, and community self-organized DAO management. The intrinsic DEFI financial attributes and DAO management mechanism of NBS ensure that all community members share a common goal, motivating them to work towards expanding the community scale. This represents the first time in human history where human nature and collective interests are perfectly integrated.