What is Nervos Network?
Nervos Network, utilising the native utility token CKByte (CKB), is a blockchain platform that places a strong emphasis on security, decentralisation, sustainability, flexibility, and scalability. The overarching goal of the Nervos Network is to create an unsegregated internet, allowing for the development and utilisation of universal applications.
Key Features of Nervos Network
Native Utility Token: CKByte (CKB)
CKB serves multiple purposes within the Nervos ecosystem. Users can leverage CKB to store assets, execute transactions, and rent space on the Nervos blockchain. Additionally, CKB functions as a value token facilitating smart contract transactions, making it a fundamental component of the network’s economic model.
Nervos Common Knowledge Base
The Nervos Common Knowledge Base is the underlying Layer 1 proof of work blockchain protocol that powers the Nervos Network. This innovative architecture is designed to enhance flexibility and scalability, ensuring that the network can accommodate a diverse range of applications and services.
Creating ‘Cells’ on the Network
Within the Nervos Network, users can create ‘cells’ based on their holdings of CKByte. These cells act as containers where users can store various assets, decentralized applications (dApps), and other forms of common knowledge. This design promotes user ownership and control over their resources.
Secure and Decentralised Network
Nervos Network is committed to building a secure and flexible decentralised environment. This is achieved through its multi-layered proof of work blockchain protocol, which not only enhances security but also supports a unique economic design focused on the ‘store of value’ concept. The network’s architecture allows for sustainable growth while accommodating evolving technological needs.
Relevant Resources
Comments are closed.