What is Nervos Network (CKB) | What is Nervos coin | What is CKB coin
What is the Nervos Network?
Nervos is much more than a single blockchain: it is a network of interoperable protocols. The public blockchain (Nervos CKB) is just one of many components of the network and plays a limited role to provide decentralization and security. The entire Nervos Network together serves as the platform for dApps and protocols.
A journey through the blockchain ecosystem will probably leave you grounded on one particular project. You might have come to accept that this is a one-horse race to be the only blockchain solution – but it is not.
Interoperability in the blockchain ecosystem has been highlighted as paramount to its future evolution, and as such, we are working to open Your Universal Passport to the Blockchain. Now, more than ever, the work that has been done in the blockchain ecosystem needs to be harnessed and made wholly accessible to the builders, creators, and users of this new technological revolution.
Bitcoin is the most secure and trusted ‘store of value’ blockchain in the world today. However, Bitcoin can only securely store its own native token (BTC), faces future challenges and was not designed for future scaling solutions.
Ethereum is the most used token and smart contract platform. But value created on the network is not captured by ETH’s token price and its “pay once, store forever” model means a bloated, un-sustainable chain with ETH holders paying the price.
The Nervos Network is an open source public blockchain ecosystem and collection of protocols solving the biggest challenges facing blockchains like Bitcoin and Ethereum today.
The Nervos CKB (Common Knowledge Base) is the layer 1, proof of work public blockchain protocol of the Nervos Network. It allows** any crypto-asset** to be stored with the security, immutability and permissionless nature of Bitcoin while enabling smart contracts, layer 2 scaling and captures the total network value through its “store of value” crypto-economic design and native token, theCKByte.
THE NERVOS CKB (COMMON KNOWLEDGE BASE)
Bitcoin is a peer to peer payment network and decentralized store of monetary value. The Common Knowledge Base (CKB) inherits the best parts of Bitcoin and generalizes them to support storage of unlimited crypto-assets beyond electronic cash, and transactions beyond payments.
The Nervos CKB is the fundamental Layer 1 Proof of Work blockchain which creates the foundation for all layer 2 protocols, integrations and scaling solutions for the Nervos Network.
Learn more about the Common Knowledge Base.
A Sustainable Multi-asset and Store of Value Blockchain
Maximally secure, permissionless and censorship-resistant
Solves the biggest challenges facing blockchains today
A layer 1, specifically built for layer 2 scaling solutions
Native token CKByte aligns the interests of all network users
Built for developers and native smart contract capabilities
THE NERVOS CKBYTE
The CKByte (Common Knowledge Byte) is the native token of the Nervos CKB. The CKbyte represents ownership of the Common Knowledge Base blockchain and is designed to be used as a store of value and for resource management. Equivalent to owning land, with the CKByte you can use it to store assets, smart contracts and other types of “common knowledge” or rent out your space.
The CKbyte scales with value creation through other tokens, assets, data and smart contracts deployed on the network. As the Nervos network grows, it is expected that the demand for the CKByte token will grow as well. It is this innovative crypto-economic design that aligns network participants, and enhances the network’s “store of asset” properties.
The Nervos DAO is an inflation shelter from secondary issuance used to manage state storage and provide sustainable incentives for miners. Store of Value users can lock their tokens in the Nervos DAO and receive a proportional share of this inflation. In this way your tokens are never diluted beyond a fixed cap.
THE NERVOS NETWORK
The Nervos Network represents the entire ecosystem of Nervos and is a collection of protocols, layer 2’s and public blockchains underpinned by the Nervos CKB and CKByte token.
A core design principle at Nervos is that layer 2 solutions such as side-chains, plasma chains and state channels are the best way to scale a blockchain system. Rather than compromising the decentralization and security of the base layer through largely untested and novel consensus mechanisms in order to achieve high performance and TPS, we utilize layer 2 solutions that bring nearly unlimited transaction capabilities and minimal transaction cost to a layer 1 blockchain that’s designed to be secure, permissionless and decentralized. This in our opinion is the only way to solve the scalability trilemma.
Alongside several deployments currently being worked on by the Nervos team - enterprises, developers and users are welcome and encouraged to utilize the CKB to deploy layer 2 solutions, dapps, protocols and blockchains.
Looking for more information…
☞ Website ☞ Explorer ☞ Explorer 2 ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Message Board 2 ☞ Documentation ☞ Coinmarketcap
Would you like to earn CKB on Binance right now! ☞ CLICK HERE
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi
Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!
#blockchain #bitcoin #nervos network #ckb
