What is Nervos Network?
The Nervos network aims to solve the challenges and issues faced by prominent blockchains like Bitcoin and Ethereum. It targets to become a sustainable multi-asset and store of value blockchain network through the Nervos CKB (Common Knowledge Base). The Nervos CKB (Common Knowledge Base) incorporates two layers. Layer 1, the foundation layer, is the Proof of Work which allows a crypto-asset to be stored with security and immutability. Layer 2 facilitates scaling and optimising the crypto asset through crypto-economics by using smart contracts. The CKByte is the native token of the Nervos ecosystem designed to be used as a store of value and resource management in the Nervos CKB. The layer 2 solutions are designed to provide scalability as well as high transactions per second (TPS) without compromising the basic functions of blockchain such as security and immutability. The Nervos network provides use-cases for applying blockchain solutions to cater to a wider audience by enabling scalable infrastructure. Its services can be utilised to build blockchain networks aimed at mainstream adoption.
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