1. Project Overview
Nervos Network is an innovative blockchain platform that aims to solve the core challenges facing current blockchain systems, such as scalability, sustainability, and interoperability. Nervos adopts a hierarchical architecture, with CKB (Common Knowledge Base) as its underlying infrastructure. CKB uses a Bitcoin-like Proof of Work (PoW) consensus mechanism to provide security for the ecosystem and allow seamless integration with Bitcoin assets.
2. Token Information
CKByte (CKB) is the native token of the Nervos network and has multiple uses:
Storage Stake: Holding one CKByte token entitles its holder to store one byte of data on the Nervos blockchain.
Transaction fees: CKB is used to pay transaction fees and miner fees, including computing resource consumption (Cycles) and storage fees (State Rent).
Miner Rewards: Through the PoW mechanism, CKB tokens reward miners to incentivize network security and transaction verification.
3. Distribution Model
Nervos' issuance model is divided into two parts: primary issuance and secondary issuance.
Primary issuance: Halved every four years, similar to Bitcoin’s issuance model.
Secondary issuance: Fixed issuance every year, with an issuance rate gradually approaching zero to ensure long-term predictability.
In the genesis block, the total amount issued was 33.6 billion CKBytes, of which 25% (or 8.4 billion CKBytes) were immediately destroyed and will not enter circulation.
IV. Market Performance
CKB is currently active in the market, with both its market capitalization and trading volume showing significant growth potential. Recent market data are as follows[6]:
Market value: approximately $627 million
Trading price: approximately $0.0140
Trading volume: 24-hour trading volume reached $893 million
Annual return: 415%
5. Technical architecture and advantages
Nervos' technical architecture is divided into two layers:
Layer 1 (CKB): Provides secure and decentralized infrastructure to support a variety of blockchain applications.
Layer 2: Focuses on scalability and flexibility, supporting high-performance decentralized applications (dApps).
This layered design allows for efficient management and support of various blockchain projects, improving the functionality of the entire ecosystem.
VI. Development Prospects
Nervos Network demonstrates great potential for development through its unique architecture and strong technical foundation. Future projects include integration with Bitcoin’s UTXO Stack and DeFi expansion. CKB price prediction shows a possible growth to $0.1110 by 2030.
VII. Conclusion
Nervos Network’s CKB token has demonstrated significant potential in the blockchain field with its unique dual issuance model and strong technical architecture. Although the market has certain volatility, its long-term growth prospects are still optimistic and it is suitable as a potential investment opportunity.
