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Learn more about the Nervos network and the CKB token

2024-09-20 02:39:25

The Nervos network is a layered network designed to meet the needs of a decentralized economy. Its core component is the Layer 1 protocol CKB (Common Knowledge Base), which is a common knowledge base. This article will delve into the structure and design principles of the Nervos network and its unique advantages in the blockchain field.


Nervos network overview

The Nervos network is designed to be an open, public blockchain platform designed to maximize security and censorship resistance. As the value storage layer of the entire network, CKB is inspired by the philosophy of Bitcoin and is committed to becoming a custodian of decentralized value and encrypted assets. Powered by the Layer 2 protocol, the Nervos network is able to provide unlimited scalability and minimal transaction fees on top of the security of a Layer 1 blockchain.

The basic components of Nervos: Layer 1: CKB’s all-in-one structure

The basic structure of CKB adopts the Cell model, which is a generalized UTXO model that ensures data flexibility and scalability. Its consensus algorithm NC MAX is an improvement on the Satoshi Nakamoto consensus and aims to improve the security and efficiency of the network.

CKB physical meaning: 1 CKB = 1 Byte

Virtual machine: CKB VM is a virtual machine based on the open source RISC-V instruction set and supports multiple programming languages.

Economic Model: The Nervos network’s economic model is designed to capture and store value to ensure long-term sustainable development.

Nervos DAO: Through the smart contract mechanism, Nervos DAO aims to combat the dilution risk caused by secondary issuance.


Layer 2: Diverse solutions

The design of Layer 2 allows different applications to innovate based on the security of Layer 1. Its main plans include:

Payment and status channel solution: based on the development of Channel protocol, optimizing transaction speed and cost.

Sidechain solution: Muta is a highly customizable and efficient blockchain framework that supports a variety of application scenarios.

Verifiable off-chain computing solution: achieve capacity expansion through zero-knowledge proof and other technologies to ensure privacy and security.


Nervos design principles

The design principles of the Nervos network have sustainability at its core, emphasizing that the Layer 1 blockchain must become a value storage platform. Layer 2 scaling solutions can bring almost unlimited transaction processing capabilities and lowest transaction costs, thereby improving user experience.

Key Design Principles: Value Store Platform: Layer 1 Blockchain should focus on becoming a secure, decentralized public infrastructure.

Complementarity: Layer 1 and Layer 2 should complement each other rather than compete with each other.

Proof-of-work mechanism: Use PoW mechanism to resist attacks and ensure network security.

Universal programming model: supports the interoperability of interactive protocols and blockchains, allowing the protocol to be customizable and easy to upgrade.

Clear ownership model: State storage should have clear granularity to optimize resource allocation.


Reasons for choosing a layered architecture

When building a blockchain network, you face many trade-offs, such as decentralization and scalability, privacy and openness, etc. Nervos Network believes that it is difficult for a single blockchain to solve these conflicting problems, so it chose a layered architecture.

Advantages of layered architecture: Scalability: Through off-chain expansion of Layer 2, the bottleneck of single blockchain expansion is solved.

Security and decentralization: Layer 1, as the settlement layer, provides encryption security to ensure the security of upper-layer applications.

Interoperability: Upper-layer applications can interact with assets and status through the bottom layer, improving compatibility between applications.

Flexible economic model: The underlying value store captures the value of upper-level applications and supports more flexible governance models and privacy solutions.


in conclusion

The Nervos network is dedicated to solving multiple challenges in the blockchain field through its unique layered architecture. As a basic layer, CKB not only provides secure value storage, but also provides broad space for Layer 2 innovation. As the decentralized economy continues to develop, the Nervos network will undoubtedly play an important role in the future blockchain ecosystem. By continuously optimizing its design principles and technical architecture, the Nervos network will provide users with more efficient and secure decentralized services.

In short, the success of the Nervos network lies not only in its technological innovation, but also in its profound insights into the future of the decentralized economy. We look forward to the future development of the Nervos network to bring more possibilities and opportunities to the crypto economy.

Disclaimer:

1. The information does not constitute investment advice, and investors should make independent decisions and bear the risks themselves

2. The copyright of this article belongs to the original author, and it only represents the author's own views, not the views or positions of HiBT