What is the current popular CKB currency today 🚀🚀🔥🚨🚨✅
CKB is the native digital token of the Nervos Network, a blockchain platform aimed at addressing the scalability, decentralization, and security issues faced by other networks such as Ethereum and Bitcoin.
Basic information about Nervos (CKB):
• Symbol: CKB
• Network: Nervos Network
• Consensus Mechanism: Proof of Work (PoW) like Bitcoin
• Purpose: To provide a decentralized infrastructure that supports smart contracts and decentralized applications (dApps)
• Key Feature: Nervos uses the Cell Model, inspired by UTXO in Bitcoin but allows for smart contract execution like Ethereum
Key Features of CKB:
1. Security and Decentralization: Based on Proof of Work (PoW), making it more secure.
2. Scalability: Provides Layer 2 to enhance performance and reduce costs.
3. Flexibility of Smart Contracts: Supports Web3 and DeFi applications.