Nervos Network (CKB) Review, Price, Market Cap and more | Coinopsy

Protocols

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.

Core Design

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.

Use cases

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.

Protocols

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.

Core Design

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.

Use cases

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.

CKB

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.

Scales

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.

DAO

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.