The live price of Nervos Network is - per (CKB / USD) with a current market cap of $239.47M USD. 24-hour trading volume is - USD. CKB to USD price is updated in real-time. Nervos Network is -% in the last 24 hours with a circulating supply of 46.52B.
| Date Comparison | Amount Change | % Change |
|---|---|---|
| Today | - | 0% |
| 30 Days | - | 0% |
| 60 Days | - | 0% |
| 90 Days | - | 0% |
Nervos Network (CKB) is a decentralized and emerging digital currency that leverages blockchain technology to ensure secure transactions.
Nervos Network is a privacy-focused decentralized network that operates differently from standard blockchains. While typical blockchain systems validate all transactions and data through consensus among all users, Nervos uses a set of shared data rules to verify the state of its system. Essentially, this means Nervos employs a unique method for maintaining and validating data, emphasizing privacy and permissionless, open participation.
According to Nervos Network's documentation, the network aims to address scalability and interoperability issues found in base-layer blockchains. Named after the human nervous system, Nervos features a layered architecture. This includes a consensus generation layer, a separate layer acting as a smart protector, and another layer reportedly designed for high performance and privacy protection.
The Layer 2 protocol is responsible for handling transactions and creating new states, such as application activity and additional data storage requests. The base layer of the network, Nervos CKB (Common Knowledge Base), also provides a fully state-aware "Turing-complete" virtual machine, enabling it to meet application processing needs through smart contracts. This virtual machine is built on Bitcoin’s UTXO accounting model, which tracks and stores state changes on the blockchain.
Moreover, the Common Knowledge Base (Nervos CKB) is designed with interoperability in mind—multiple Layer 2 blockchains can be activated to utilize the storage and processing power of the main network.
CKB is the native cryptocurrency of the Nervos Network. Users who hold CKB tokens gain rights to use a portion of the network’s total storage capacity. For example, holding 1,000 CKB tokens allows a user to create a total of 1,000 bytes of storage on the Nervos blockchain—whether that’s a single 1,000-byte cell or multiple smaller cells totaling 1,000 bytes. The Nervos blockchain uses a Proof-of-Work (PoW) consensus mechanism, and CKB is mined using an ASIC-resistant PoW algorithm designed to promote fair token distribution and enhance network security. In addition to purchasing storage space on the Nervos blockchain, CKB tokens enhance the ecosystem’s functionality, enabling a wide range of applications and use cases on the network.
Nervos Network was co-founded in 2018 by Terry Tai, Kevin Wang, and Daniel Lu. Terry Tai was a core developer at Yunbi (formerly Peatio Exchange) and co-founded Teahour.fm, one of China's most popular tech podcasts.
Kevin Wang is the co-founder of Launch School and previously worked as an enterprise data solutions consultant and engineer at IBM’s Silicon Valley Lab. Daniel Lu was the former CTO of imToken, former CTO of Yunbi, and co-founder of ruby-china.org.
CKB, the native cryptocurrency of Nervos Network, was first launched in 2019. In March 2021, CKB reached its all-time high price of $0.04412.
CKB represents storage space on the Nervos Network blockchain. One CKB equals one byte of storage (Cell). The Cell model is a generalized UTXO model that consumes storage cells to store data, states, and other consensus outcomes on the CKB blockchain.
CKB is used to pay miner fees for transfers, smart contract calls, and other operations on the chain. It also functions as a store of value.
CKB issuance is divided into two parts. The first part is called the "base issuance" or "primary issuance," with a total cap of 33.6 billion, all distributed through mining, halving approximately every four years until mining ends. The second part is the "secondary issuance," which issues 1.344 billion CKB per year.
According to Nervos Network records, the CKB cell model allows for a more flexible fee structure. The whitepaper points out that many public chains are limited by their technical and economic models, making such flexibility hard to achieve.
Most public chains tie the value of their native tokens to immediate transaction fees. However, once a more flexible fee structure is adopted, this model becomes unsustainable. CKB’s value is based on the global consensus state space—a long-term model that is not tightly coupled with transaction fees, allowing for greater fee flexibility. This is one of the fundamental differences between CKB and native tokens of other public chains.
As of this writing, the total supply of Nervos Network’s CKB token is 44,315,843,132, with a circulating supply of 43,622,916,635.
The Nervos Network to other currencies exchange rate?
