š„š„Nervos Network CKB up 60% with launch of RGB client for Bitcoin
According to data from CoinMarketCap, Nervos Network's #CKB experienced a noticeable increase of more than 60% after the release of RGB++, an extension protocol designed to improve compatibility with Bitcoin. Data shows that in the last 24 hours, CKB's transaction volume increased by 1,800% to $ 116.4 million.
This increase has taken the token to levels not seen since 2022. While the exact reason behind the pump remains unclear, the spike coincides with the release of RGB++, an extension protocol based on RGB (Really Good Bitcoin) that uses the Lightning Network sidechain. to overcome scalability challenges.
According to a forum post, RGB++ introduces new functions such as advanced transaction verification methods, while also addressing issues that existed in the previous version of RGB. In October, the protocol aims to facilitate processes such as token airdrops.
CELL Studio, a blockchain software development firm focused on the Bitcoin and Nervos Network ecosystems, praised the latest development as an "important step" towards mass adoption and sustainability within the Bitcoin community.
Founded in 2018 by Jan Xie, Kevin Wang, Terry Tai, Daniel Lv and other industry veterans, Nervos Network is focused on the mission of overcoming the scalability and interoperability challenges in the blockchain ecosystem. The project benefits from the CKB token, which is seen to serve many purposes such as transaction and storage fees, governance and incentive programs.
