Bitcoin is a peer-to-peer payment network and decentralized monetary value storage system. CKB resembles Bitcoin and generalizes them to allow the storing of an endless number of crypto-assets beyond electronic cash, as well as transactions beyond payments.
Nervos is a platform of interoperable protocols, not just a single blockchain. The Nervos Network as a whole provides a platform for decentralized apps and protocols.
About Nervos Network
The Nervos CKB is the core Layer 1 Proof of Work blockchain that serves as the cornerstone for all Nervos Network layer 2 protocols, interconnections, and scalability solutions.
Layer 2 solutions like side-chains, plasma chains, and state channels are the best method to grow a blockchain system, according to a key design concept of Nervous. Rather than jeopardizing the base layer's decentralization and security by employing largely untested and novel consensus mechanisms in order to achieve high performance and TPS, we employ layer 2 solutions that bring nearly unlimited transaction capabilities and low transaction cost to a layer 1 blockchain that is designed to be secure, permissionless, and decentralized. This, we believe, is the only approach to resolve the scalability trilemma.
What is Nervos Network [CKB]?
The Nervos Network is a public blockchain platform and set of interoperable protocols that is open-source. It purportedly enables any crypto-asset to be kept with the safety, data integrity, and permissionlessness of Bitcoin, while also supporting smart contracts and layer 2 scalabilities. It intends to capture the whole network value through its "store of value" crypto-economic architecture and native currency, the CKByte.
The CKByte is the Nervos CKB's native token. The CKbyte represents ownership of the Common Knowledge Base blockchain and is meant to be used as a metric of wealth and resource development. The CKByte can be used to store assets, smart contracts, and other forms of "common knowledge," or to rent out your area.
Who Are the Founders of Nervos Network [CKB]?
The Nervos Network was founded by Kevin Wang. He was an engineer at the IBM Silicon Valley Lab. Prior to Nervos, he co-founded an online software engineering education platform, Launch School. He was involved in cryptocurrencies after researching Bitcoin in 2012, and he's been addicted since at.
What Makes Nervos Network Unique?
CKB token is distinctive in that it can be used for more than one purpose. CKB does more than just store value or execute smart contracts; it does both and more.
The goal of CKB's crypto-economic architecture is not only to simplify transactions but also to preserve the long-term value that scales with network expansion and value generation. $CKB is not just a great network tool, but it is also a robust stand-alone cryptocurrency.
Where Can You Buy Nervos Network [CKB]?
You can buy Nervos Network on multiple exchanges, the best exchanges to use right now are Binance, Binance, Huobi Global, CoinTiger, HitBTC, and ZT, CoinEx, Hotbit, ProBit, DragonEx, and many other platforms.
Frequently Asked Questions
Is it possible to purchase CKB with cash?
No. It is not possible to purchase CKB with cash. Anyway, you can utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
How CKB is secured?
Nervos' blockchain is a layer-1 system that employs Proof-of-Work (PoW) consensus and allows for the construction of smart contracts that makes it secure.
On what factors the price of the CKB Depends?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact CKB price and market cap.
Nervos Network Official website – http://nervos.org/
Nervos Network Medium –https://medium.com/nervosnetwork
Nervos Network Twitter – https://twitter.com/nervosnetwork
Nervos Network Reddit – https://reddit.com/r/NervosNetwork
