HANGZHOU, China, June 22, 2024, Chainwire
In a groundbreaking evaluation, main cryptocurrency analysis agency Messari has revealed a complete overview of the Nervos Community (CKB), highlighting its key position in bettering Bitcoin's technological framework. The report particulars how Nervos makes use of its revolutionary Layer-1 blockchain and RGB++ protocol to unravel vital scalability and programmability points inside the ecosystem.
In line with the report, Nervos Community not solely extends the core applied sciences of Bitcoin, but in addition introduces important enhancements with the cell mannequin and CKB-VM. These enhancements allow extra advanced functions and transactions on the blockchain with out sacrificing the core ideas of decentralization and safety.
Messari's analysis additional highlights the RGB++ protocol, an evolution of the unique RGB protocol that permits good contracts and asset issuance immediately on the Bitcoin blockchain. Since its implementation, the RGB++ protocol has led to a big improve in community exercise, together with a 181% month-over-month improve in new addresses this April, demonstrating the sturdy neighborhood adoption and influence of the protocol.
Fee channels are additionally being built-in with the Lightning Community, which guarantees to make the Nervos community extra scalable and versatile for varied blockchain functions. These developments are poised to additional solidify CKB's place because the foundational layer for Bitcoin's operation and accessibility.
“Messari's report reaffirms our perception in Nervos CKB's bitcoin-native method to fixing long-term issues within the bitcoin house,” mentioned Baiyu, head of CKB Eco Fund. “As we proceed to innovate and develop our ecosystem, this recognition underscores CKB's important potential to help Bitcoin's evolution right into a extra sturdy and versatile blockchain platform.”
Messari's full report not solely sheds mild on Nervos Community's technical strengths, but in addition positions it as a formidable contender within the blockchain house, able to driving future innovation and rising the general utility of Bitcoin.
For extra data and to entry the total report, customers can go to https://messari.io/report/understanding-nervos-network.
About Nervos CKB:
CKB is the primary totally BTC-isomorphic L2 (PoW+UTXO) providing a extra decentralized, safe and Bitcoin suitable L2 answer.
CKB scales Bitcoin's programmability and interoperability with the RGB++ protocol, which maps Bitcoin UTXOs to CKB cells, permitting for seamless conversion of Bitcoin L1 UTXO belongings resembling Ordinals, Atomicals, and Taproot to CKB with none cross-bridge and vice versa. The UTXO Stack, Bitcoin's L2 “OP Stack” secured by CKB and powered by RGB++, allows high-performance parallel chains that supply nearly limitless scalability with out compromising safety. The CKB Lightning Community will connect with the Bitcoin Lightning Community, facilitating a bi-directional, censorship-resistant, permissionless and trusted asset movement between the 2 networks.
The CKB mainnet was launched in November 2019 and accomplished its first mining reward halving in November 2023.
ContactEco fund CKB MKTKelly JinCKB eco fundkelly@nervos.org
This text was initially revealed on Chainwire
