Review on Nervos Network by Ogulnar Annamuhammedova

Nervos Network is a decentralized peer-to-peer network designed to power the modern cryptocurrency economic system.

Nervos Network has the following advantages:

* provides secure storage of various digitized

assets in the blockchain;

* has a high degree of security, decentralization

and protection from external influences / censorship;

* offers solutions to most problems that are up to

currently not resolved in other blockchains;

* highly scalable due to

the use of a two-tier system in which the second

the level of individual blockchains provides the system

required performance and flexibility;

* the use of internal tokens of the CKByte system is responsible

the interests of all users of the Nervos network;

* has support for smart contracts and provides a convenient

environment for the work of programmers / developers.

Nervos Network is a Chinese project, although due to restrictions in the PRC legislation, the company is officially registered in Singapore.

The project is being developed by a professional team that includes a number of programmers who previously participated in the development of such well-known projects as Ethereum, Spark Pool, imToken, CITA and Peatio.

The open source Nervos Network provides users with the ability to run applications written in the fully Turing-compatible, high-performance RISC-V language. Applications (smart contracts) run in a virtual machine that supports the execution of cryptographic primitives. This allows you to execute libraries, scripts written in C or others.

Nervos Network consists of two layers:

1. Basic (verification) level (verification layer (layer 1)) -

Network CKB (from the English phrase Common Knowledge Base,

general knowledge base). It is decentralized and secure

blockchain designed to create a trusted

the communication environment in which the data is stored,

associated with blockchains (sidechains) of level two.

2. The generation layer (layer 2) or layer

computing - for high-speed transactions

and the generation of digital secure data that is stored

on peer-to-peer nodes. This level uses

sidechains, plasmachains, and state channels.

The use of a two-tier structure allows the network maintenance operations and computational operations to be separated from each other, which makes the system more flexible and scalable.

The CKB consensus in the system is achieved using an advanced Proof-of-Work algorithm using Byzantine nodes. Individual blockchains can work in parallel on an open network, connecting to nodes at the right time.