The Nervos network provides a blockchain platform and a set of protocols and integrated solutions for building universal applications by eliminating the issue of interoperability. Decentralized and sustainable, the Nervos network intends to make blockchain applications universal. Nervos is backed by $28M from China Merchant Bank, Polychain Capital, Sequoia China and more. Their partners/investors include big names like Blockchain Capital, Huobi, Multicoin Capital, Cumberland to name a few.

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Characteristics Of Nervos

  • 1) Easy accessibility to any asset of any Blockchain network : With Nervos, it is possible to interact with and access any Blockchain interface. There is no need to maintain multiple wallets, seed phrases or deal with multiple exchanges.
  • 2) Interoperability of dApps from any solution : It is easy to navigate through any dApp using Nervos from any wallet or solution.
  • 3) dApp Portability/Code Flexibility : Once you build on Nervos, you can target any virtual machine, port your dApps easily and gain instant access to any Blockchain system.
  • 4) Layer 2 solutions for scalability :Nervos provides powerful and sturdy Layer 2 scaling solutions that make projects built on it extremely scalable.
  • 5) Secure and Decentralized : The Nervos network is based on optimized Nakamoto consensus secured with ASIC-backed Proof-of-Work for maximum security and decentralization.
  • 6) Sustainable Store of Value : Nervos implements sustainable crypto-economics with a built-in store of value mechanism that addresses the biggest sustainability challenges for public blockchains.

The CKByte Token ($CKB)

The Nervos CKB (Common Knowledge Base) is the layer 1, Proof-of-Work (PoW) 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 total network value through its crypto-economic design and native token, the CKbyte. The CKB Token ($CKB) is a minable, proof-of-work token which has the characteristics of Bitcoin when it comes to store of value functions i.e. storing assets and also has features of Ether while implementing smart contracts.

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