Nervos is a blockchain network aimed at solving scalability and interoperability issues. The network's core is the Common Knowledge Base (CKB).
Introduction to Nervos Network
Nervos Network is a modular, open-source blockchain designed with a focus on security, decentralization, and interoperability. Launched in 2019, its foundation is the Common Knowledge Base (CKB). The BTCKB initiative, introduced in 2024, aims to tightly integrate with Bitcoin.
How Nervos Network Works
The CKB token is used for: 1. **Cycles Payment** - fees for verifying transactions. 2. **Gas Fees** - fees for processing transactions. 3. **State Rent** - storage fees for data on the blockchain.
CKB: Token and Ecosystem
The CKB token is used to cover transaction fees and represents storage rights on the blockchain. Each CKB token equates to one byte of storage. Examples of applications: - **Decentralized Identities (DIDs)** - **Passkey Wallets** - **Spore Digital Objects (DOBs)** - **RGB++ Protocol**
Nervos Network (CKB) is pioneering the path towards a unified blockchain future, fostering innovations and expanding the potential for decentralized applications and services.
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