Many people compare CKB to digital real estate. Why?
"CKB is a hard drive, allowing you to save data for thousands of years!" - doublet2T
If Alice wants to mint a 2MB NFT image on CKB, Alice will need 2_000_000(2 million) CKB coins to have enough storage space (in raw form and 100% on-chain).
Correlatively speaking, CKB blockchain is like a data storage device such as a memory card or hard drive. Each CKB coin provides 1 byte of storage to its owner.
The unique point here is that unlike a regular memory card or hard drive, the data on the CKB is very valuable and each storage unit must go through the owner verification process (privekey - public key) before being updated. and global consensus (PoW).
For example, with a 2MB photo and the current CKB price of 0.02USD, it will cost nearly 1 billion VND.
This data on CKB is always in its most primitive form, bytes (with a current capacity of somewhere near 40GB based on circulation supply), without batching or streaming at all. And as I said above, these CKBytes memory cells can be programmed to create data and update data according to the program in the Smart contract (which is also stored in similar CKBytes memory cells).
When combined, these programs can create a wide variety of data types representing:
- FT token is like ERC20 token on Ethereum. CKB will have a similar token called SUDT - or Simple User Define Token.
- NFT token is the same as ERC721 NFT token. CKB has a similar NFT style called CoTa.
- Layer2 blockchain or Rollup, when committing data to the settlement layer CKB, will also design and distribute batches to store data to CKB.
Typical DAPP that uses the above special storage function of CKB:
- DApp devs will use a lot of FT, and NFT on CKB.
+ Spore NFT protocol: xhttps://spore.pro/
+ CKB inscription: xhttps://omiga.io/
+ JoyID wallet uses data on CKB to store and allow multiple devices to control one Account Abstraction account
