Skip to main content

7 posts tagged with "NEST protocol"

View All Tags

· 4 min read
NEST Protocol

Except crypto natives, there are many people in the market who are sometimes be defined by the public as “market absolutists”. They have their own recognized truths, and together with other genres, they form a diverse market.


Market absolutist is actually more of a pragmatism: they believe every existence is reasonable, therefore, they do not think decentralization is important and significant. As they are not so obsessed with innovation, the marketeers even fork a lot of projects and may do very well. For example, AAVE was a peer-to-peer lending project, and it performed not well in the bear market. However, it forked the emerging lending protocol Compound afterwards, and surprisingly performed nearly as good as Compound. In the view of the marketeers, what's valuable is the user base and the user demand for the project. What is valuable in the marketeers is the user base and the users’ demand for the project. As for whether it's an exchange or Bitcoin or DeFi, they don't care much. They will go where the demand is. Moreover, market absolutists don't necessarily accept a "law", they feel it's too dogmatic or too far away to be as real as survival. The market absolutists have adopted various means to promote the popularity of users and keep lowering the cognitive threshold of the blockchain world, eventually attracting many laymen and participants from the traditional world.

For example, the explosion of NFT is basically driven by the market absolutists. Since NFT doesn't need to trace much of the principle behind blockchain, just mention the phrase "immutable" and people can make a big fuss about JPG\TXT and make it a hype. In fact, some people even sell it to their own people to increase the volume of transactions and attract more people to play with it, but it has created a craze in the blockchain world.


It can be said that the crypto natives have taken something from 0 to 1, while the market absolutists have taken it from 1 to 100. They have done a lot to try and contribute to the promotion of the blockchain world. However, there are some shortcomings in the market absolutists. Too often, they make concessions to their principles for the sake of immediate "survival," and this kills the possibility of long-term success. Or rather, they don't realize what the blockchain is really doing. However, the fundamental difference between the valuation models of blockchain projects and the traditional internet companies makes it possible for them to eventually exit the stage of history quietly. We think EOS is a typical example. For better user performance. It dissipated its insistence on decentralization and eventually made a pseudo-blockchain project. Although EOS was once so prosperous that it reached half of the market value of ETH, it has since fallen to less than 1%.

Market absolutists fail to realize that blockchain is not reaching a local equilibrium, not solving uncertainty for a specific group of people, but creating a general equilibrium, solving uncertainty at the human system level, just like what NEST is doing. NEST believes solving human trustworthiness is far more valuable than solving the availability of some people. For instance, Bitcoin hasn't spent a dime on usability in a decade, yet it invests tens of billions a year to improve trustworthiness, and that hasn't seen any project designed specifically to address this weakness take its place. On the other hand, the fork coin BCH, which was designed to solve the usability of the block, ended up losing from 40% of its market value to less than 1%, which is really a lesson for the market absolutists.

· 6 min read

Reading through the official WHITEPAPER of the NEST project got me really excited in so many ways, the distinctive approach in which the NEST team took to solve some of the deficiencies in mainstream blockchain technology is to be applauded and appreciated by all cryptocurrency enthusiast.

One of the main information from the NEST protocol Whitepaper is that, Bitcoin is a digital asset, Ethereum is a functional asset and NEST is a stochastic asset, before we go further into anything else, let us first know some of the terms such as Stochastic asset, probabilistic virtual machine and stochastic computer that was used in the Whitepaper and what they mean.

Stochastic asset

We cannot deny the fact that Ethereum have so many functions that is very important to the future of the cryptocurrency Ecosystem as a whole, however there is still one place this great technology (EVM) is lacking. ETH is a functional/ information asset but it's potential for future revenue stream is finite, this is because the total number of ETH that will be available is 100 million. However, NEST token is a Stochastic asset which have infinite and continuous value. This means that the problem of introducing random variables and distribution transformation for on-chain programming has been solved.


It is common knowledge especially amongst crypto enthusiasts that most smart contract are run by the EVM (Ethereum Virtual Machine) this is because the EVM behaves as a mathematical function would, that means when Given an input, it produces a deterministic output. However the NEST protocol uses another type which is known has the PVM, this machine works as a distributed computing architecture from a probabilistic connected system that works as a single unit to process any high-end computing information. It is quite different from the EVM which is maintained by thousands of connected computers running an Ethereum client.

Stochastic Computer

Stochastic computing is a collection of techniques that represent continuous values by streams of random bits, what this simply means is that instead of solving the problem of asset value using arithmetic techniques like the EVM, it can be done using probabilistic technique (PVM) effectively expands the boundary of EVM and greatly it also shortens some financial products’ development process.

Now lets go to the next exciting phase of this article which is all about NEST coin and it's usage. NEST coin is essentially more complex than the ordinary information assets that are in the crypto ecosystem, basic knowledge of economics shows that the price of any coin is greatly affected by the law of supply and demand but when it comes to the NEST coin, there are three factors (game networks) that will affect the price which are the game between the offerer and verifier, the game between the token buyer and token seller and lastly the game between stochastic investor and the system. The game between the offerer and verifier is all about the process ensure the accuracy and verifiability of the information flow provided by the NEST oracle, offerers or bidders can also become miners in the system. The game between the buyer and seller is all about the economical game of supply and demand, this means that it is based on people's judgement about the future of NEST coin. The game between investors and the system, as was early stated in this article, NEST is a stochastic coins that runs with the PVM system, so Investors can select and customize stochastic tokens on NEST’s platform to meet their risk requirements, the system makes the gains and losses of the stochastic assets selected by the investors.

NEST coin is an asset that is applicable to a wide range of practical fields, for example data flows in the NEST system can be unified with NEST coin as the unit of value, which means that if the value of a stochastic is a particular value x at some point, then the address that owns the stochastic will have x NESTs. It can be used in Derivatives, parallel asset/stable coin, Bond and interest rate oracle, Borrowing and lending, probality coin and many others.


As stated before NEST as a stochastic asset can be applied in so many fields, in this section we are going to discuss some of them in brief details.

1) Futures: is a contract to buy and sell at a predetermined price at a specific time in the future, however since NEST asset is going to be at a probabilistic price at a specific time in the future. Anyone can make good profit from the NEST protocol future trade because of it’s easy and userFriendly interface, all you have to do is choose a probability range of time and then stake your NEST coin.

2) Option: with the NEST coin will allow investors to speculate on the future price of the coin using the probabilistic virtual machine system, there is the Buy and Sell option that can be used.

3) Win: This is an opportunity for people to play games as many times as possible, in order to earn some rewards and when you WIN you can withdraw to your desired wallet address.

4) Oracle: From my experience NEST oracle is the only truly decentralized oracle on the market today. The solution to price oracle that NEST got to offer is including collateral asset quotation, arbitrageverification, price chain, beta coefficients, and other modules to form a complete NEST protocol.

NEST Protocol Price Prediction

From all we have discussed in this article, it is clear that NEST Protocol creative solutions to some of the deficiencies of mainstream blockchain technology, such as the usage of probabilistic virtual machine PVM, based on basic functions, which will program stochastic assets, that applies to a large number of real-world scenarios. All these innovations will drive the price of NEST coin to unlimited heights.

At the time of press, the NEST coin is about $0.03122 even if the crypto market is not in it’s optimal state, which means by the end of 2022 there is a very good chance that NEST will hit $0.041 or around that price range.

By the year 2023 NEST will surely maintain its price range as more and more people continuing to get to know more about the many applications of NEST protocol.

There is no doubt that as the years roll by the NEST coin will see a steady increase that will bring it to the 1 dollar mark, that is why it is better to get in on the project while it is still in it’s early stages.

· 14 min read


NEST ingeniously uses a decentralized oracle to introduce random information flow and tokenism random information flow using the OMM mechanism, creating a large number of stochastic assets.

Based on fundamental operations, the NEST probabilistic virtual machine PVM can program stochastic assets, which is applicable to a wide range of real-world situations. As a result of the system supply converging due to an inbuilt cost mechanism, a new universal coin with an innate logic of price appreciation is created.

A unique new resource for the blockchain industry, the NEST currency offers a completely new development tool.

However, Ethereum also has a downside: all asset information is de-terministic (xis a deterministic variable). If we want x to be a random variable X, that is, the result of a random event determines the value of this variable X, it is uncertain before the occurrence of this random event,and we only have information about its distribution at most. In addition,Xis introduced into programming and calculation to obtain this random variable’s functional value F(x). Note thatF(X)itself is also a random variable, which is beyond the reach of the current EVM mechanism.


How do we incorporate random information and random information flow into the chain given that informationized assets and informationized asset program-ming are now a reality thanks to blockchain technology and Ethereum, as discussed in the previous chapter.

Stochastic Asset

When a random variable X is kept at a certain address, such as A, it signifies that address A is able to connect at a later time in accordance with the distribution of X. This link can be either data or value: for instance, when X equals a specific value x, the address will contain x units of an asset (a token). Tokenization of random variables is the name given to this value-based relationship. The system can identify a tokenized random variable as a stochastic asset by appending the token’s unit name to the random variable. Because there are a finite number of ETH tokens, tokenizing random variables is not possible because this would constrain the range of values that can be assigned to the random variable. Taking as an illustration a stochastic with a 1 in 1 billion chance.

It is undeniable that Ethereum performs a wide range of crucial tasks for the whole cryptocurrency ecosystem’s future, however this fantastic technology (EVM) nevertheless falls short in one key area. ETH is a functional and informational asset, but due to the 100 million ETH that will ultimately be made available, its potential for future revenue streams is limited. A stochastic asset with infinite and continuous value is the NEST token, though. This indicates that the challenge of adding random variables and distribution modification for on-chain programming has been overcome.

Computer Stochastic

What this essentially means is that instead of solving the problem of asset value using arithmetic techniques like the EVM, it can be done using probabilistic techniques (PVM). This effectively expands the boundary of the EVM and significantly speeds up the development process of some financial products.

Let’s move on to the article’s interesting next section, which discusses the NEST currency and its use. The NEST coin is substantially more sophisticated than the typical information assets found in the crypto ecosystem. Knowledge of basic economics demonstrates that the rule of supply and demand has a significant impact on the price of any coin, but when it comes to the NEST coin, this is not the case.

Computer Stochastic

What this essentially means is that instead of solving the problem of asset value using arithmetic techniques like the EVM, it can be done using probabilistic techniques (PVM). This effectively expands the boundary of the EVM and significantly speeds up the development process of some financial products.

Let’s move on to the article’s interesting next section, which discusses the NEST currency and its use. The NEST coin is substantially more sophisticated than the typical information assets found in the crypto ecosystem. Knowledge of basic economics demonstrates that the rule of supply and demand has a significant impact on the price of any coin, but when it comes to the NEST coin, this is not the case.


It is well known, particularly among crypto aficionados, that the majority of smart contracts are executed by the Ethereum Virtual Machine (EVM). This is so because the EVM functions like a mathematical function, which means that given an input, it generates a deterministic output. To process any high-end computing information, the NEST protocol uses a different sort of machine known as the PVM. This machine functions as a distributed computing architecture from a probabilistic connected system that functions as a single unit. It differs significantly from the Ethereum Virtual Machine (EVM), which is operated by hundreds of connected computers running an Ethereum client.

By sharing this content, you can really help me get the word out about this NEST Protocol (NEST) white paper.

Please feel free to post your inquiries in the comment section if you have any queries about the NEST Protocol (NEST), require any additional information, or have any special requests.

White Paper Link: NEST Protocol (NEST) White Paper


NEST 4.4 is the most recent version of the software. When compared to earlier versions, NEST4.4 has the following new features:

•Better methods: One can now start the price information flow for more than ten different assets in a single smartcontract, allowing for the price offering of several assets. Gas costs can be significantly reduced in this method. Information uploading now works much more effectively.

•Improved economic models: cancel the quotation commission fee. It is currently also free to call the quotation pricing from NEST. The mint production has since been cut in half, to 1/6 of what it was. The rate of circulation growth is less than 3% each year. These modifications will eventually ensure that NEST’s value will rise. NEST won’t number more than 3,000,000,000 in total (3billion). The pricing information offering threshold is only lower.

Participants in the NEST protocol are as below:

Price Makers: The participants who submit price quotations to the protocol.This includes miners who quote prices for mining and verifiers who completethe transaction and quotation.–Miners: Providing quotations to receive NEST (ERC-20 Token). Minersare denoted asO, and anyone can become a miner.

Verifiers: If the quotation price deviates from the market price, the verifiercan trade a quoted asset at the quoted price to earn revenue. The verifierneeds to “force” a quotation at the time of the transaction and does notneed to pay a commission nor participate in mining. Verifiers are denotedasA, and anyone can become a verifier.

Price Callers: The contract or account that “calls” the NEST protocol quota-tions and pays the fee is called a price caller. Price callers are denoted asC.Any contract or account can become a price caller, but this will generally bereserved for other DeFi protocols and institutions


Derivatives: Futures and options are the most direct beneficiaries ofthe NEST system. Since the contract is the only seller, the crore-sponding derivatives can be offered as long as the demand parameter sand the corresponding expected values are provided. For example, if someone needs a call option based on ETH/USDT, the strike price and strike date need to be entered to get the cost calculable, and the option can be exercised at expiration according to the conditions set.

Parallel Asset/ Stable coins: Based on the price system, parallel assets representing arbitrary price information flow can be generated, and their earnings are consistent with the original assets. For example,PBTC, PUSD, P ETH, etc., the flow of price information generated in this way can be duplicated by collate ralizing the NEST or the assets accepted by the system, or it can be produced based on the cover-gence algorithm (supported by the system’s interest rate oracle), but the cost paid must be guaranteed to match the generated assets.

Bond and interest rate oracle:The system can create an endogenous bond reflecting the time value of NEST that responds to the overall supply and demand , which can also be understood as an interest rate oracle. The interest rate is a system-level variable


1) Futures: A futures contract is an agreement to buy and sell an asset at a fixed price at a specific future date; however, the price of the NEST item at that day will be probabilistic.

2) Alternative: Using a probabilistic virtual machine technique, investors will be able to speculatively predict the price of the NEST coin in the future.

3) Win: If you play the games at least five times, you can collect rewards, and if you win, you can withdraw your winnings to the wallet address of your choice.

4) Oracle: Essential features of Nests oracle are as follows: First, it isentirely permission less and open to quotation, so anyone can participate in the quotation and form a price on the chain. The second is on-chain verification. NEST prices must be verified on-chain rather than off-chain,which is the key to Nests design. NEST is designed based on security and robustness, which enables everyone to change and influence the generation of prices on the chain. At the same time, it makes the price information converge to the equilibrium price under the protection of the mechanism. Nests offering for the price oracle involves arbitrage and the inclusion of collateral asset quote.

The entire NEST protocol is made up of modules for verification, price chain, beta coefficients, and other components.

From everything we’ve covered in this post, it’s evident that NEST’s innovative approaches to some of the shortcomings of mainstream blockchain technology, such the use of probabilistic virtual machines,

Stochastic assets can be programmed by a machine using PVM, which can be used to many different real-world settings. These new developments will raise the price of the NEST currency to unimaginable heights.

Oracle price data must meet the following key requirements:

Accuracy: The price data on the oracle should truly reflect the market price.

Price sensitivity: The price data on the oracle should react fast enough to market movements.

Attack resistance: The cost of distorting or affecting the real price is extremely high for any attackers.

Direct verification: The verifier can be any third party, and no centralized review or threshold is required.

Distributed quotation system: no centralized review or threshold is required,and anyone can freely join or leave at any place and at any time.


Today I will discuss the NEST Protocol Price Prediction for 2022, 2025 and 2030 based on the below notion. The price of a cryptocurrency is one of the most important factors to consider.

Cryptocurrencies have been a big hit and, at the same time for some users, a loss situation paradigm. So, traders and investors always looking for forecast prices down to the smallest detail and want to know the answers of these frequently asked questions, Is NEST Protocol (NEST) a good investment? how much will NEST Protocol be worth in 2025 or how much will NEST Protocol be worth in 10 years.Investing in any crypto on a long and short-term basis will be discussed deeply.

NEST Protocol Price Prediction

NEST Protocol Price Prediction 2022

Volatility drives the cryptocurrency market. Today, it is not easy to forecast and keep up with the current pricing. Many crypto analysts come into play in this regard. The pricing forecasts are correct for the mentioned years. Crypto consumers are still concerned about the crypto bans and new restrictions. NEST Protocol price may cross $0.047 if the market sees a good bull run in 2022. Given that it is expected to be held by long-term investors, its average price for 2022 will be around $0.042.

NEST Price Prediction 2023

For long-term NEST Protocol price predictions, basic analysis is essential. In terms of industry benefits, the native token offers a few. The digital economy’s autonomy makes it ideal. As DAPPs and stable coins develop, the network offers competitive programmable payment, logistics, and storage options. There is a chance that the average price of NEST will rise to about $0.061 by 2023 if more investors are attracted to the idea.For 2023, the year can end with an maximum price of $0.070 with a minimum price level of $0.059.

NEST Price Prediction 2024

A seamless approach to this currency may be found on many websites and forums. In the opinion of this prediction platform, NEST Protocol will steady at its current price for a very long time to come. By 2024, the NEST is expected to be worth a maximum value of $0.10. The minimum price can go up to $0.086 if the market gets bullish.

NEST Price Prediction 2025

NEST will be seen as a better option, and with the huge community NEST Protocol price will touch new highs. The price fluctuations are hard to predict, especially if the market is more bullish OR bearish than ever. For the year 2025, the price of NEST Protocol will be almost $0.13. The maximum price that we can get is $0.15. NEST Protocol average price forecast at the end of 2025 can be around $0.13. A huge price turnover is expected within the range defined by the crypto market.

NEST Price Prediction 2026

The NEST Protocol value will increase because of the efforts of the network developers and community investors. Therefore, the calculated price for the year 2026 is bullish. NEST was anticipated to touch a maximum price level of $0.22 by the end of 2026, according to analysts. On the other hand, it is highly optimistic that the NEST Protocol’s future will ultimately grow. Therefore, the predicted average price of NEST will be around $0.18 to $0.18 is expected in 2026 depending on the market. As stated in the same slogan, the NEST’s maximum price ranges from $0.18 to $0.22 for 2026.

NEST Protocol Price Prediction 2027

NEST have huge potential, with certain collaborations and innovations may increase the number of users and adpotion. If the market concentrates on investing in NEST Protocol, the price might rise much higher. By 2027, it can reach a maximum value of $0.31. It is expected that the NEST will turn around a little bit if the market goes down. The year 2027 can end with an average price of $0.27 with a minimum price of $0.26 and the maximum price of $0.31.

NEST Protocol Price Prediction 2028

In 2028, with more adoption and partnerships between other important blockchain networks, the price of NEST Protocol would sky rocket, the maximum trading price may reach $0.45 in 2028. The price ranges are going to be very trendy if we keep it that way. If everything goes well, we can expect an average price of $0.39 with a maximum price of $0.45 for 2028

NEST Price Prediction 2029

There are signs that the crypto market is about to enter a new age. Certain that the long-term price prediction for Nests price will soar since there is still optimism that the currency will attract much more attention. The year 2029 can end with an average price of $0.58 and a minimum price value of $0.56. The maximum price is expected to be trading around $0.66.

NEST Protocol Price Prediction 2030

NEST Protocol present price range might interest many traders and because of this, NEST can reach $0.97 by 2030 with substantial cooperation with financial institutions if the following requirements are satisfied.With an average price of $0.83 for 2030, it can beat the latest price trend to reach new highs. The price tagline can vary as the crypto market can see another bullish trend on its way to 2030.

NEST Protocol Price Prediction 2031

It appears that by 2031,NEST Protocol (NEST) prices will have reached a level similar to their previous all-time high.By 2031, We may expect an average price of $1.17. If everything goes smoothly, we predicted the maximum price of NEST Protocol could be up to $1.38 in 2031. Of course, there are chances that the market will dump after a long bull run and It is normal for cryptocurrency market.



· 5 min read


Hello everyone, I am Rohan Verma , the author of this story which is based on the sweet and spicy relation between Nest Protocol and myself. Firstly i would like to explain about the Nest whitepaper which will be followed by Understanding of the Nest Token , Its application and lastly will talk about the future of Nest Protocol. I have divided my story in Four parts for easy understanding of the points.

PART - 1

Stochastic are modeling forecasts that help people to make decisions and invest in financial products. the probability of various outcomes under different conditions, using random variables is the basic concepts behind Stochastic. In the financial services sector, planners, analysts, and portfolio managers use stochastic modeling to manage their assets and liabilities and optimize their portfolios. Probabilistic Virtual Machine (PVM) is a deflationary system. It acts as the virtual machine which is the bedrock of NEST entire operating structure. It is considered to be the part of Nest that runs execution and smart contract deployment. PVM is very useful in financial derivatives products. THE PVM follows the formula E(X)≥ EF(X). With the help of these functions i can surely tell that NEST is trying to solve the problem that ETH couldn't have done.


PART - 2

Majorly the price of any cryptocurrency is set by the ratio of the buyers and sellers but in nest the price is according to the game network which is an part of the Nest Mechanism.The games network is divided into three aspects: A. Offerer and Verifier B. Buyer and Seller C. Stochastic investor and the System


By using this the risk is shared among all token holders. In Offerer and Verifier, a price is offered to the Nest Oracle which is not equal to the market price and is arbitraged by the verifier. This helps tk maintain accuracy and verifiability of the provided information. The bidder are also awarded with nest token and so they become nest miners. Between the buyer and seller is same like buying and selling. Between the investor and buyer, the investor customize stochastic tokens to meet the risk requirements. The risk in holding nest for long term is very less as the supply is getting less day by day and so there will be limited supply.


USAGE of NEST TOKEN- 1.We can take part in Nest Application where we can open an future or options positions and earn money from it. 2. Participate in lottery system (WIN) and there also earn money. 3. Stake our Nest token with Attractive APR. 4. Mining of Nest token can be done.

PART - 3

Nest Protocol has many uses and some of its application like Future, Option, Swap and Win can be used by accessing its website ( banner

I have used the Nest Future trading and earned Profit from it. Its very simple to use and anyone can try it with any number of Nest token. To play Nest future we just need to select either long or short and then the leverage range and the amount of nest that we are planning to use. After this we need tk approve the transaction and our futures position is opened. I have also tried the Win game and lost there a couple of times but overall had a fun. To play Win game we need to select the probability range , the Bet amount. After approval of the transaction wait for the results and if we win it then we need to claim the reward and enjoy our profit. We can also use the Swap feature and swap our NEST token to USDT whenever needed. banner

Overall i really like the Win Game as it has a 90 percent probability of winning. Any newcomer can easily take part and win a lot of money from these games.

PART - 4

The Future of Nest Protocol is as bright as the SUN. With a Strong Backend Development team and a visionary leader Nest will surely be a Project that will be looked upon by several others. It has been a long time since i am with Nest Protocol and till date i have only seen the project rise and touch new heights. banner

In the coming weeks we can surely see Nest as an Market leader in Oracle and will definitely set an benchmark for all the other Oracle and PVM project. With the limited supply of NEST token I think that it would soon be under the eyes of institutions buyers and we could be going to the moon anytime soon. As we slowly move ahead i expect to see many more and unique Nest application which will change the way we see cryptocurrency.I would also personally like to see the ATH of NEST in the coming months.

My wishes are always there with Nest Protocol. LFG.❤️🚀


· 3 min read
NEST Protocol


Based on the idea of game theory and the previous article, we can look at some projects in the industry by gradually increasing or decreasing the constraints.the completely open non-cooperative game that can achieve general equilibrium is the BTC/ETH(PoW)/NEST category, i.e., no threshold review is required, and it is completely open.Under this category, there are two kinds of partial equilibria: PoS/DPoS chains and consortium chains.

PoS/DPoS chains

First of all, PoS/DPoS chains essentially conducts a large-scale election first, through which all people participate, and then the nodes generated by the election play the game package. Once the node is selected, it is a local game in a given time. This structure is equivalent to splitting the process into two parts, the first part of the game out of the agent, and the second part of the game out of the block. This bipartite structure is still a local equilibrium in a given time, so the external information transfer to the block is split or even separated. This architecture, although not as direct as the consortium chain, is essentially similar to the consortium chain: it is impossible to get the real equilibrium assets.

Consortium chains

Consortium chains, on the other hand, require the participation of nodes to be determined by means of auditing, and not everyone can go for a round of electoral gaming. This structure necessarily determines the localization, alignability and manipulation of the results, which means that instead of positioning itself as a brand-new risk-return structure (equilibrium asset) in the general equilibrium sense, it is trying to solve certain application problems with a different data structure. We don't need to include the consortium chains in the blockchain category at all, I think it's just another server composition solution, even with the so-called Coin.

Private chain

The worst one is the so-called private chain, which avoids gaming altogether and keeps the general data structure of the blockchain, which no one would think has much advantage over a centralized server at this point, and in fact has even more disadvantages. This structure I think is extremely specific in its use and is out of the scope of our discussion.


When discussing Blockchain Game, there is one principle that is more important: if there is agency risk or centralized trust in any part of the game, the equilibrium of the whole game is bound to be distorted and thus eventually evolve into a traditional enterprise model, thus making it impossible to apply the valuation model to equilibrium assets, and the two cannot be compared. In this regard, just like people cite BNB and BTC, even people who do not know finance will not think they are the same kind of asset.

· 4 min read
NEST Protocol


Some people talk about Bitcoin with a tone of contempt: " What's the use of this thing? It's hype, it's gambling, but I'm not against blockchain technology, blockchain technology is good." It seemed like he knew a lot about bitcoin or at least understood blockchain technology. I understand how they feel, because it's impossible to define the value of bitcoin in terms of the utility system. But it's very funny to affirm blockchain technology in a way that denies bitcoin. Blockchain technology is understood by them to be a mysterious system of code that guarantees that data cannot be tampered with, a system that is entirely mathematical and not related to gambling or speculation. Therefore, if I tell him that without game, blockchain is worthless, or even a small data structure topic for a junior high school algorithm researcher, they will definitely be reluctant to accept it

What is the innovation of Bitcoin?

Actually, whether or not the data structure is combined in a chain and block fashion is not the real innovation of Bitcoin. The innovation lies in the construction of such a completely decentralized game, or non-cooperative game, and the algorithms that ensure that this game is conducted in an orderly fashion. There is no mysterious technology that can automatically guarantee the authenticity of data without a trusted agent (even the so-called zk, which requires proofs and storage nodes), and we cannot go beyond the authority, center, or trustor to guarantee that the data or information is untamperable, except for the equilibrium formed by the game.

What is consensus value?

This game is dynamic, round by round, but requires that the gamers (game participants) in a new round accept a t least some already existing local equilibrium and synchronize the results of this round to the equilibrium. Each gamer does not know the size of the equilibrium it is in until external demand information is passed in for a round of correction. When all the gamers are rational and keep feeding back and correcting in the repeated game, it is probable that they will eventually converge to a unique general equilibrium, which is the so-called consensus value, and also the so-called longest chain or the highest arithmetic chain.

What is equilibrium asset?

This process evolves and becomes more and more stable and "generalized" (i.e., a general consensus), i.e., each gamer and each holder gradually reach a consensus expectation and influence each other. In such a game model. Bitcoin actually has many equilibrium splits, which is also referred to as fork events. However, as the depth of information diffusion increases, the probability of such splits will become lower and lower. Even if one day an irrational gamer tries to monopolize the arithmetic and attack the blockchain, it will still be futile due to the inability to obtain a consistent expectation of external demand: arithmetic does not take precedence over equilibrium, and equilibrium must affect arithmetic. When Bitcoin achieves equilibrium, it becomes a whole new risk-reward structure - an equilibrium asset. Given a game type, I think there is only one general equilibrium and the others are partial equilibria, so Bitcoin and Litecoin, one is a general equilibrium and one is a partial equilibrium, and so is Ethereum and other public chains.

NEST is an equilibrium asset

For the DeFi project, one important information is the price of the assets on the chain. And there will be only one most appropriate price quotation at a certain point in time if the price quotations are formed by game theory. Currently, the only blockchain price oracle that uses non-cooperative game theoretic equilibrium to form prices on the chain is the NEST Oracle, which is an important part of the NEST Protocol. NEST Oracle adopts market game theory, synchronizes the price information from the off-chain market to the on-chain by means of miner quotes, and combines with NEST mining mechanism to provide incentives to miners, making it a logical closed-loop distributed quote system. And therefore, NEST is also an equilibrium asset.

· 4 min read
NEST Protocol


Due to Ethereum merge and the move from PoW to PoS, the ETH staking ratio of Ethereum 2.0 has steadily risen over the past few months and is now at 11.8%. Over $23B ETH is being staked at a 5% APY. These staking ETH will act more like a bond that can earn a certain amount of ETH without risk. With the success of the ETH 2.0 merge, which is a major milestone, the staking industry may prosper further. Perhaps we’re not too far away from the Financial Times comparing staking yields to those of treasuries, bonds, and dividend stocks.

This article will explain the necessary knowledge of staking and provide methods for finding staking projects.

What is staking?

The concept of staking originates from PoS, which refers to the behavior of obtaining benefits according to the rights and interests owned by participating in activities such as voting and verifying blocks in PoS/DPoS coins.

This is the essential difference that the incentive of staking is realized by the contract, not from other traders. The staking token economic has the property of inflation.

How does staking works on POS?

Whereas the possibility of finding a new block in PoW coins depends on the miner’s computing power, the possibility of finding a new block in PoS(proof of stake)depends on how many coins the validator is holding.

DPoS (Delegated proof of stake) is an extension of PoS distributed consensus. With DPoS, the holders of assets don't validate new blocks. Instead, they delegate their stake to a block validator of their choice, who shares the rewards with the delegators (stakers), according to the size of their deposits. The delegates are chosen by combining random selection and staked wealth, like in the PoS blockchains.

In POS or DPoS, the security of the chain is positively related to the number of staking tokens. This is because the greater the number of staking, the more difficult it is to collect enough coins in the market to attack the system. As for validators, security is guaranteed from economic punishment(called slash, deducting the collateralized token if there is malicious behavior) and the consistency of interests(The more token I have, the less I want the system to lose money).

Of course, the staking ratio is not as high as possible, because this will reduce the circulation ratio, which will affect the development of ecology.

What is the value of Staking?

Get benefits higher than the loss of system inflation. Additional tokens are issued through staking, and part of holders participate in staking will obtain all the benefits. This will be a good option for the guys holding coins.

Continue to create value transfer. Those who participate in staking receive income from it, but the value of the tokens of those who did not participate in staking during the same period is diluted. This will drive the holder to actively participate in the other application of the system to get higher profit. Broadly speaking, part of the token’s future value has been transferred to the present.

Industry map:

staking industry

Data providers: They collect and process staking information.

Node Operator: The operator that runs the node on the blockchain. They need to use devices to run the client side of the chain, stay online, and maintain the consensus of the blockchain.

Liquidity staking providers: The providers receive tokens entrusted by users and use them to obtain the benefits of participating in staking projects.

Staking project: Crypto projects can be divided into two types according to the main value of staking to the system:

  1. Maintain system operation: token and staking are indispensable to the system, including all POS/DPOS public chains and some protocol. The APY of this type is lower than 20%, and staking ratio is lower than 80% usually.
  2. Incentivize token holdings: token or staking are not indispensable to the system, including some governance coins’ staking. Staking can well control the market circulation and maintain the token price. It will have higher APY and higher staking ratio relative to the other type. The higher the APY, the higher the risk.

What are the factors that determine the APY?

Reward(APY) = Incremental quantity / Staking quantity = Inflation Rate / Staking Ratio.

The APY of staking is not constant over time, and decreases when the stake share rises or the inflation rate decreases. This formula also does not take into account the impact of market price and additional issuances on the actual token value, nor does it take into account the Liquidity staking providers' share of reward and the loss of slash.

How to staking?

  1. Find projects with high APY
  2. Find Liquidity staking service providers
  3. Start it!