Nervos Network is a public blockchain and collection of protocols that aim to solve the scaling limitations facing traditional networks like Bitcoin and Ethereum. Nervos’ blockchain is a layer-1 protocol that uses Proof-of-Work (PoW) consensus and supports smart contract development. It also consists of a series of layer-2 scaling solutions to facilitate high-volume use cases. Nervos’ native token (CKByte or CKB) allows users and developers to claim storage space on the Nervos blockchain in proportion to their holdings.

Nervos founder

The Nervos project first launched in 2018 in search of a solution for the scalability issues that plagued layer-1 networks, specifically smart contract platforms, at the time. Nervos sought to build a blockchain that could satisfy the performance needs of enterprise uses cases.

Nervos’ mainnet launched in Nov. 2019. It is a public blockchain that uses a different architectural design by separating its infrastructure into two layers: a single base layer (Layer-1) and a high-performance application layer (Layer-2). Nervos developers are building a collection of protocols to provide the scalability and environment necessary to support applications.

The Nervos CKB (Common Knowledge Base) is the base layer. It is a general-purpose, Proof-of-Work (PoW) blockchain that serves as the consensus engine for Nervos-based applications and application layers. This base layer also features a native utility token, the CKByte (CKB). CKByte is used for resource management and miner incentivization and entitles the holder to an allocation of state storage space on the CKB blockchain. Participants can also lock tokens in the Nervos DAO, which enables deposits to receive compensation or “yield” on their holdings.

Token Distribution

• 25% of the Genesis tokens burned (non-circulating) in the Genesis block and never enter the circulating supply.
• 21.5% allocated to Public Sale investors
• 14% allocated to Private Sale investors and vesting over two years, with two-third released upon mainnet
• 15% allocated to the Team and vesting over four years, with one-third upon mainnet
• 17% was allocated to an Ecosystem Fund
• 5% was reserved for Strategic Founding Partners
• 2% was reserved for the Foundation
• 0.5% was allocated to Testnet Incentives

FAQ

• What is current Nervos Network difficulty?

Nervos Network current difficulty is 770,928,301,573,663,360.

• Which hardware can you use to mine Nervos Network?

You can mine Nervos Network with ASIC machines such as Goldshell CK6 and Goldshell CK5 or GPUs such as AMD RX 6800 and AMD RX 6900 XT.

• Is Nervos Network worth mining?

Currently Nervos Network can be profitably mined with Goldshell CK6 if your electricity costs are lower than 0.122 USD per kWh and with AMD RX 6800 if your electricity costs are lower than 0.000 USD per kWh.