$CKB
The CKB (Common Knowledge Base) is the native cryptocurrency of the Nervos Network, a blockchain platform designed to provide a foundation for decentralized applications (dApps) and cryptocurrencies.
Here are some key details about CKB and the Nervos Network:
1. Purpose: CKB is used for transaction fees and staking in the Nervos ecosystem. It's integral to the platform's consensus mechanism and helps secure the network.
2. Layer 1 Blockchain: Nervos Network is a multi-layer blockchain that separates the data layer (Layer 1) from the execution layer (Layer 2), allowing greater scalability, security, and flexibility. CKB operates as the Layer 1 base layer.
3. Economics: The Nervos design uses a concept called the store of value for CKB. The idea is that users can store value securely over the long term by using CKB in the network, which will not lose its purchasing power due to inflation. The token is also used for smart contract execution and to secure the network through staking.
4. NervosDAO: CKB is involved in the NervosDAO (Decentralized Autonomous Organization), where users can lock up their tokens to receive rewards. This mechanism is designed to offer long-term sustainability for the network and its users.
Would you like more detailed information on how CKB works, or any specific use cases of the Nervos Network?
