Nervos Network is a blockchain protocol built on a Proof-of-Work blockchain.
Proof-of-Work secures the blockchain by utilizing crypto miners, and major cryptocurrencies such as Bitcoin and Ethereum are currently Proof-of-Work.
These miners are compensated in CKbyte, the native cryptocurrency of the Nervos Network blockchain.
On its layer 2, CKbyte is intended to be both a value store and a reserve asset.
The layer 2 scaling solutions on Nervos Network distinguish the protocol from the majority of other cryptocurrencies. On its second layer, the blockchain supports smart contracts, making transactions on layer 2 much less expensive for traders.
Nervos Network recognizes the importance of decentralization apps (dApps) in network adoption. Over 3,000 dApps for the Ethereum blockchain have been coded by Ethereum developers.
Nervos Network equal to $0.023 USD at 05 - 09 - 2021here’s a price prediction on Nervos Network ( CKB )
Furthermore, By the end of 2021 we believe the price of Nervos Network ( CKB ) will be around $2.36 to $5.10USD.
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