Nervos Network (CKB) is a modular blockchain network built on the Common Knowledge Base (CKB), a secure and flexible Layer-1. Nervos describes the CKB system as “the most flexible and adaptable Layer-1 in the blockchain industry.” Nervos can provide high levels of security, decentralization, flexibility, and adaptability thanks to the CKB structure it is built on. This network can work with heterogeneous blockchains, sidechains, and Layer-2 networks. In addition, Web3 developers can create decentralized applications that offer a better user experience with protocol-level account abstraction. CKB coin projectCKByte, or CKB coin for short, is the native cryptocurrency of Nervos Network, considered among the best Layer-1 coins. CKB coin is used to pay transaction fees and store data. 1 CKB gives the right to store 1 byte of data in the base layer of Nervos. In other words, users get 1 byte of storage space on the Nervos network in exchange for each CKB coin they own. Who are the founders of the Nervos project? The Nervos project was initially launched in 2018 by Jan Xie, Terry Tai, Kevin Wang, Daniel Lv, and Cipher Wang with the aim of finding a solution to the scalability issues that plagued Layer-1 networks at the time, especially smart contract platforms. The Nervos mainnet went live in November 2019. How does Nervos work? The Nervos Network has a two-layer architecture that separates the storage and computation aspects of the blockchain. This allows the network to achieve greater scalability while also offering greater flexibility for developers.At the heart of the Nervos Network is the Common Knowledge Base (CKB), which serves as the foundation layer of the blockchain. The CKB is responsible for storing all transaction data and providing a secure, immutable ledger of all transactions on the network. The CKB uses a Proof-of-Work (PoW) consensus mechanism that ensures the network remains secure and resistant to manipulation. On top of the CKB is Layer-2, also known as the “application layer” or “scalability layer” of the network. This layer is designed to perform computationally demanding operations such as running smart contracts and running decentralized applications. Thanks to this two-layer blockchain architecture, Nervos separates storage and computation, enabling higher scalability and speed. A feature of the Nervos Network is its use of the “cell model,” a flexible data structure that allows developers to create custom transaction types and smart contracts. The cell model provides greater flexibility and makes it easier to build complex decentralized applications on Nervos. What makes the Nervos project special? Nervos Network (CKB) offers high levels of scalability, speed and security for developers and users thanks to the two-layer blockchain architecture and cell model we explained above, which sets it apart from other blockchain platforms; especially networks like Bitcoin (BTC) that use the PoW consensus mechanism.$BTC $CKB
