BuildOnBNB

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

Binance has warned of a malware that changes addresses while users are making withdrawals, peaking on August 27.
According to the statement made by the stock exchange, a type of malware called “Clipper” causes serious financial losses by changing withdrawal addresses during cryptocurrency transactions. The software in question targets wallet addresses that users copy and paste and replaces them with the address determined by the attacker. When the user completes the transfer without noticing the change, the cryptocurrency is transferred to the attacker’s account.

The inflation figures announced in the US coming in at the expected level also increased the expectation of a 25 basis point reduction in the markets significantly. The 50 basis point reduction expectation rate has fallen to a level not seen in recent times and has dropped to 17% in the CME.
Inflation data for August in the US came in line with expectations. This situation allowed the markets to believe that the economy had cooled sufficiently and that the possibility of a recession was remote. In addition, inflation in the US has fallen for the last 5 months in a row.

Financial analyst Julien Bittel said that Bitcoin's price action this year is largely similar to 2019, adding, "The next week will be extremely important." Bittel commented, "If this fractal continues, we could see a serious upward movement."
Former asset manager and financial analyst Julien Bittel has suggested that Bitcoin’s price structure this year is starting to look “eerily” similar to 2019. Sharing the chart below, Bittel emphasized that the number one cryptocurrency’s movements in 2024 are very close to 2019.