Review on Nervos Network by Toprak Dere
About Nervos (CKB) Coin
Nervos is a layered crypto-economy network. Nervos divides the infrastructure of a crypto economy into two layers: a root of trust and an authentication layer (layer 1) that acts as smart custody, and a generation layer (layer 2) for high-performance transactions and privacy protection.
At Nervos, CKB and all layer 2 protocols work together to serve the crypto economy. CKB (or layer 1) is where the state is stored and defined, and layer 2 is the production layer that processes most processes and creates new states
CKB is designed to represent the right to use storage over time. The protocol restricts storage growth by monetary policy and collects "rent" from users through a "targeted inflation" program.
Nervos CKB generalizes Bitcoin's UTXO model to support user-defined tokens and smart contracts. It is designed to be adaptable, sustainable and flexible.
Provides sustainability with the new token economy model that focuses on providing a long-term store of value. The adaptive PoW algorithm also improves the sustainability of CKB and scales automatically with bandwidth improvements.
Pros
- Nervos is a smart contract platform like Ethereum, but Nervos CKB is designed to be a status verification, storage system rather than a computing platform. Layer 1 blockchain verifies and stores states, and compute-intensive case generation takes place at Layer 2.
- future is bright and roadmap is perfect
- offering personalized profit and loss charts
Cons
- not listed in most exchanges
- the project should be developed and supported more
