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Nervos Network

CKB

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About Nervos Network

Nervos Network (CKB) is an open-source public blockchain ecosystem that strives to establish a peer-to-peer crypto-economy network. Launched in November 2019, Nervos Network employs a dual-layer architecture consisting of a base layer, known as the Common Knowledge Base (CKB), and a computation layer for processing transactions. The base layer operates on the Proof-of-Work (PoW) consensus mechanism and is fueled by its native cryptocurrency, CKByte (CKB). This layer is responsible for maintaining network security, managing resources, and enabling users to store data. The Nervos Network aims to allow developers to create decentralized applications (dApps) that can function across various blockchain systems, utilizing any of the network layers to run both decentralized apps and smart contracts.

Nervos Network operates on a dual-layer architecture. The base layer, also known as the Common Knowledge Base (CKB), uses the Proof-of-Work (PoW) consensus mechanism and its native cryptocurrency, CKByte (CKB), to drive the ecosystem. This layer is responsible for network security, resource management, and data storage. The computation layer, on the other hand, processes transactions in real-time and is where developers carry out programming tasks. Nervos Network aims to simplify the creation and use of decentralized apps (dApps) by combining the security of the PoW algorithm with scalability and data sharing capabilities between layers. The network's economic model aims to be scalable, with the intention of allowing participants to contribute to the project's growth by using platform features, in exchange for access to a decentralized, open, and censorship-resistant platform.

Nervos Network is designed to facilitate a wide range of blockchain services and capabilities. Its dual-layer architecture allows developers to create decentralized applications (dApps) that can operate on various blockchain systems. This means that any of the network layers can be used to run both decentralized apps and smart contracts. Furthermore, Nervos Network's economic model aims to be scalable, which means that participants can contribute to the project's growth by using platform features. In return, they gain access to a decentralized, open, and censorship-resistant platform. Users may use the platform to store their assets, with the cost potentially depending on the amount of space they need and the duration of their storage needs.

Nervos Network was created by the Nervos Foundation, a team of researchers, engineers, and developers based in China. The core team was assembled in 2018 and includes three key individuals: Terry Tai, who developed the Yunbi cryptocurrency exchange and co-founded Teahour.fm; Daniel Lv, who co-founded ruby-china.org and served as the platform's chief technology officer (CTO) for both imToken and Yunbi; and Kevin Wang, an engineer who provided consulting services to IBM Silicon Valley Lab and co-founded the Launch School. The Nervos mainnet was launched in November 2019, introducing a dual-layer architecture to the blockchain ecosystem. The network's design reflects the development team's methodology, with an open-source blockchain, support for multiple assets, and a multi-layered architecture with several protocols.

Market

Singapore Market Stats

Market cap

S$1.1B

Volume (24h)

S$75.3M

Circulating supply

44.1B CKB

All time high

0.06003512080935524

Price change (1h)

+1.97%

Price change (24h)

+6.86%

Price change (7d)

-6.03%

Singapore News about Nervos Network

The Block • Apr 29, 24

MicroStrategy buys 122 BTC in April to bring total holdings to 214,400 BTC

Michael Saylor's MicroStrategy purchased $7.8 million worth of BTC in April, bringing its total holdings to 214,400 BTC.

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CoinDesk • Apr 29, 24

Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut

Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.

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The Block • Apr 29, 24

A bill combining marijuana banking and stablecoins? Top Republican French Hill says he’d vote for it: Bloomberg

Top Republican Rep. Hill told Bloomberg he would support a legislative package that includes both marijuana banking and stablecoins.

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Bitcoin Magazine • Apr 29, 24

MicroStrategy Bought 122 Bitcoin In April, Now Holds 214,400 BTC

MicroStrategy now holds 214,400 bitcoins at an average purchase price of $35,180 per BTC.

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DL News • Apr 29, 24

These four experts say they’re bullish amid Bitcoin ETF inflow lull: Finance giants ‘slowly wading in’

Bitcoin ETFs have suffered net outflows for the third week in a row, but investors have no reason to worry, ETF experts say.

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CoinDesk • Apr 29, 24

Samourai Wallet Co-Founder Keonne Rodriguez Pleads Not Guilty, Released on $1M Bond

NEW YORK — Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to two criminal charges tied to creating and marketing the privacy-focused bitcoin wallet application and mixing service in a Manhattan courtroom on Monday.

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Coinbase Bytes

Coinbase Bytes

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Nervos Network is on the decline this week.

The price of Nervos Network has increased by 1.97% in the last hour and increased by 6.86% in the past 24 hours. Nervos Network’s price has also fallen by 6.03% in the past week. The current price is S$0.0259 per CKB with a 24-hour trading volume of S$75.25M. Currently, Nervos Network is valued at 56.86% below its all time high of S$0.0600. This all-time high was the highest price paid for Nervos Network since its launch.

The current circulating supply of Nervos Network is 44,056,306,644.163 CKB which means that Nervos Network has as total market cap of 44,056,306,644.163.

FAQ

What is the current price of Nervos Network?

We update our Nervos Network to SGD currency in real-time. Get the live price of Nervos Network on Coinbase.

What is the market cap of Nervos Network?

The current market cap of Nervos Network is S$1.15B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Nervos Network?

The all-time high of Nervos Network is S$0.0600. This all-time high is highest price paid for Nervos Network since it was launched.

What is the 24 hour trading volume of Nervos Network?

Over the last 24 hours, the trading volume of Nervos Network is S$75.25M.

How many Nervos Network are there?

The current circulating supply of Nervos Network is 44 billion.

Can I buy Nervos Network on Coinbase?

No, Nervos Network is not currently available on Coinbase, but you can sign up to get the latest news on Nervos Network and be notified when it gets added to our exchange.