Technical features of Nervos Network: The technology of Nervos Network ($CKB) is similar to Bitcoin in some aspects, but also surpasses it. It not only inherits Bitcoin’s UTXO (Unspent Transaction Output) model, but also adds more advanced programmable features. This allows CKB to maintain some of the core features of Bitcoin while implementing more complex transactions and smart contracts.
Current status of the $BTC Layer2 market: Currently, Bitcoin’s second layer market is diversified due to technical limitations of the Bitcoin mainnet. Some solutions rely heavily on Bitcoin's limited script verification capabilities, such as the Lightning Network and RGB; while others extend Bitcoin's capabilities through cross-chain bridging and local consensus mechanisms, such as Ethereum and Solana.
The uniqueness of CKB: CKB adopts an optimized and upgraded UTXO model, called the Cell model. This model not only retains the characteristics of UTXO, but can also handle more complex data and states. CKB increases processing speed and flexibility while maintaining the security of Bitcoin.
CKB’s innovation points: CKB has launched innovative technologies such as RGB++ and Open Transaction. These technologies make CKB more efficient and flexible in handling complex transactions and cross-chain interoperability.
The prospects of CKB as BTC Layer 2: In the short term, CKB can accelerate the implementation of Bitcoin's second layer solutions. In the long term, its native features and underlying architecture innovation will enable it to occupy an important position in the Bitcoin second layer market.
