Nervos Network - The beginning of universal applications

Nervos Network (CKB)

What is Nervos Network?

Nervos is a blockchain that allows for the creation and use of interoperable dApps (decentralized applications) in a fast and scalable network. It aims to be the home of the universal dApp ecosystem. It combines the security of a proof-of-work consensus while allowing for smart contracts.

Why does Nervos Network have value?

Nervos Network consists of a main chain and many Layer 2 chains, where developers can build and deploy scalable dApps. It eases the process of accessing different blockchains and cryptos. In crypto, typically certain apps can only run on one ecosystem. Nervos hopes to create tools that help developers easily create universal dApps.

What are the benefits of Nervos Network?

●       Highly scalable

●       Holders can get rewards on the tokens staked in the DAO.

●       It allows for cross-chain compatibility.

What are the disadvantages of Nervos Network?

●       There are a lot of competitors in their vertical (Ethereum, Solana, etc.)

●       Proof-of-Work uses a lot of energy

What are CKB’s tokenomics?

The initial supply, when the genesis block was minted, was 33.6 billion CKB. 25% of the supply was burned; 21.5% was distributed in public sales; 14% was given to private investors; 17% was allocated to an Ecosystem Fund; 5% was allocated to strategic founding partners; 2% went to the Nervos Foundation; and 0.5% was reserved for testnet incentives.

Who founded Nervos Network?

Cipher Wang, Daniel Lv, Jan Xie, Kevin Wang, and Terry Tai.

Who are Nervos Network’s investors?

Nervos Network has conducted eight funding rounds, raising $128 million. The main investors are Dragonfly Capital Partners, Access Ventures, Evernew Capital, Hashkey, Fundamental Labs, IOSG Ventures, Polychain, Wanxiang Blockchain, Kindred Ventures, Struck Capital Crypto, 1Confirmation, 1kx, 500 Startups, Blockchain Capital, Bixin Capital, Breyer Capital LLC, CMS Holdings, LLC, Dekrypt Capital, Distributed Global, FBG Capital, Frees Fund, Huobi Capital, Matrix Partners, Multicoin Capital, SNZ, Sequoia Capital, Unity Ventures, and zk Capital.

Concise Crypto Grade:

B+ -- Nervos Network has some interesting technology and their idea of creating tools for universal applications is amazing. But shooting for the stars takes time and in a competitive crypto landscape Nervos Network might not have enough time to build their vision. Ethereum, Solana, Avalanche and Algorand continue to improve their technology and their development communities are thriving.

Where can I buy CKB?

Binance, KuCoin, Bithumb, Huobi Global, Gate.io, Crypto.com.

What ecosystem does Nervos Network run on?

Nervos Network