CKB (Nervos Network) — A domestic public chain praised by Bloomberg

Introduction

Nervos Network was established in 2018 as a decentralized blockchain platform project. It uses a dual-layer network architecture to achieve scalability, security, and decentralization, aiming to lay the foundation for decentralized financial systems.

As a decentralized, open-source blockchain platform, Nervos Network is committed to providing sustainable and secure infrastructure for decentralized applications (DApps) and blockchain-based services. Nervos Network employs a unique dual-layer network architecture that separates the storage and computation functions of the blockchain, enhancing scalability while ensuring the network's security and decentralization.

Financing

2018-07-18 Nervos Network completed $28 million in Series A financing

2019-10-24 Nervos Network completed $72 million in public offering round financing

During the two rounds of financing, Nervos Network raised $100 million, with significant investments from well-known investment institutions such as Polychain Capital, Sequoia China, Wanxiang Blockchain, and Blockchain Capital, making Nervos Network a favorite among many renowned capital firms.

Scalability has always been a fundamental challenge faced by the blockchain field, and Nervos Network has taken a proactive approach to address this challenge. In its design, Nervos considered scalability, adopting a layered architecture that includes an L1 blockchain (Common Knowledge Base, CKB) that can be scaled through payment channels and RGB++.

The Cell model is an improved version of the Bitcoin UTXO accounting model, and CKB-VM is a customized virtual machine that supports the layered design of the network. CKB-VM provides a flexible execution environment for initiating transactions or building applications on the network. This design allows the network to achieve vertical scaling by running dedicated components at each layer, similar to a modular blockchain.

CKB token is the native cryptocurrency of the Nervos Network, playing a role in facilitating transactions, paying transaction fees, and incentivizing network participants.

The introduction of the RGB++ protocol allows CKB to support multi-asset cross-chain issuance and circulation, which has unique advantages in the BTCFi ecosystem. The RGB++ protocol enables 'bridge-less' cross-chain, meaning assets can be transmitted between chains without intermediary bridging, thus ensuring greater security for cross-chain transactions. This innovation not only eliminates trust issues in traditional asset cross-chain processes but also reduces transaction delays and fees caused by multiple chain bridges.