Nervos Network (CKB)

Nervos Network is currently trading at $0.003224, after a price change of -1.59% in the last 24 hours.

Ranked as cryptocurrency #174 by capitalization today, CKB market cap is valued at $107,491,881. CKB trading volume reached $3,033,366 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on CKB coin price prediction page.

What is Nervos Network?

Nervous is an open-source, public blockchain that works as a suite of protocols built for decentralization. The platform uses a blockchain foundation called Common Knowledge Base to enhance interoperability through scalable layer two solutions. Nervous architecture is split into two layers: verification and generation. The verification layer is the trust root and smart contract support, while the generation layer supports privacy protection and transaction settlements. 

Nervous is secured through an improved proof-of-work model and the Nakamoto consensus with a distributed network delay and Byzantine node faults.

CKB, or Common Knowledge Byte, is a single cell capacity that gives the holder space in the Nervos blockchain. The token enables users to claim storage space on the Nervous blockchain as per their token holdings. There are 30.27 billion circulating CKB tokens from an uncapped supply of 36,106,677,302. The initial token issuance was 33.6 billion CKB, and 8.4 billion were burned.

Nervos features two types of native token issuance: the base issuance and the secondary issuance. The base issuance has a capped supply with four-year halvings. The secondary issuance was created to collect state rent and is set as an inflation tax. Nervos DAO is a smart contract where token holders deposit their stakes for a token reward in the second issuance.

Nervous Network was founded in 2018 by Terry Tai, Kevin Wang, and Daniel Lv.