After the election, Bitcoin (BTC) rebounded 10% after reaching $73,000, but we have unknowingly entered a bull market! This bull market is different from the past because the focus is only on BTC. The future will be the BTC ecosystem, and the next 100x coin is very likely to be born in it! And the most promising public chain is none other than CKB. As a senior public chain, CKB has injected strong support for the upcoming bull market with its BTC L2 expansion solution. Come and seize this opportunity and catch the new trend in the world of digital currency! 🌟🚀
Let us understand that Nervos CKB is a public chain based on the PoW + UTXO model, which is completely isomorphic to BTC and aims to provide cross-chain interoperability and scalability support for the Bitcoin ecosystem.
CKB enhances Bitcoin's programmability and interoperability through the RGB++ protocol, mapping Bitcoin UTXO to CKB Cell, thereby enabling smart contract functionality and bridgeless cross-chain based on Bitcoin L1 UTXO assets. CKB expands Bitcoin through the Fiber Network and promotes the circulation of multiple assets within the Bitcoin Lightning ecosystem. CKB accelerates the mass adoption of the Lightning Network through the UTXO Stack, providing better liquidity and revenue models through a decentralized staking protocol. The CKB mainnet was launched in November 2019 and completed its first mining output halving in November 2023.
With JoyID supporting the Lightning Network testnet, CKB will further enhance the decentralized payment experience. The Fiber Network will also be launched on the mainnet soon, bringing new breakthroughs to multi-asset circulation and cross-chain efficiency, and truly realizing the decentralized expansion of the Bitcoin ecosystem. 1. Let's take a look at the core highlights of Nervos CKB, each of which has its own characteristics!
📍Flexible Cell model
CKB's Cell model is equivalent to a comprehensive multi-functional storage cabinet that supports the storage of various data and can also deploy smart contracts, making the blockchain not only more secure but also more flexible.
📍Completely imitate the design of Bitcoin
CKB adopts the same PoW and UTXO model as Bitcoin and can be regarded as a brother chain of Bitcoin. In this way, it not only inherits the security of Bitcoin, but also provides an ideal soil for on-chain applications.
📍Programming and Interconnection
Through RGB++ technology, CKB has enhanced Bitcoin's "programming gene", built a bridge between Bitcoin assets and CKB, and achieved seamless cross-chain transfer, making Bitcoin not only a store of value, but also having more possibilities.
📍 Emphasis on decentralization and network security
Nervos CKB's PoW consensus mechanism plus the Eaglesong algorithm can be understood as its steel shield, ensuring stable network operation and high degree of decentralization. Coupled with the inflation-reducing effect brought about by the first halving, it can better protect the asset value of users.
📍 Fiber Network facilitates multi-asset cross-chain
Fiber Network provides a more efficient path for multi-asset transfers in the Bitcoin ecosystem, helping multiple assets to smoothly "shuttle" in the decentralized network, which is a major boost to Bitcoin expansion.
📍 A self-sustaining mechanism for state rent
The state rent mechanism introduced by CKB requires payment for long-term storage to prevent unlimited data growth. It is equivalent to a health management system to ensure that the network runs more stably and sustainably.
Nervos CKB is like a smart assistant for Bitcoin. It not only maintains the core design of Bitcoin, but also further expands its ecology and interoperability through innovative functions. CKB uses RGB++ to achieve cross-chain expansion of Bitcoin assets and supports the circulation of multiple assets in a decentralized network through Fiber Network. With a strong partnership, CKB will go further and longer. #CKB助力比特币生态 @CKB Eco Fund $CKB
