Nervos Network
Name
Nervos Network
Summary
The Nervos Network is an open-source, public blockchain ecosystem and protocol collection platform
-It was founded by Daniel Lv, Kevin Wang and Terry Tai
-It is the layer 1, proof-of-work public blockchain protocol of the Nervos Network.
Rating
Symbol
CKB
Overview
Nervos Network is a public blockchain and set of protocols that aims to address the scaling issues that traditional networks such as Bitcoin and Ethereum face. Nervos' blockchain is a layer-1 technology that facilitates smart contract development and leverages Proof-of-Work (PoW) consensus. It also includes a set of layer-2 scaling methods to make high-volume use cases easier. Users and developers can claim storage space on the Nervos blockchain in proportion to their holdings using the native token (CKByte or CKB).
Historical Price Movement (in INR)
Technology
Nervos is a tiered network with a generic processing and consensus layer at the bottom and various application layers on top. The first layer is the CKB mainnet, which uses Proof-of-Work (PoW) mining for security. It works in tandem with the layer-2 protocols. Nervos' layer-2 protocols conduct transactions and establish new states, while Nervos' CKB maintains the network's state (account balances and application activity) in cells.
Nervos CKB also includes a stateful Turing-complete virtual computer (VM) for supporting and processing smart contract-based applications.
Muta is a suggested framework for creating layer-2 blockchains based on Nervos. Muta chains will be based on Nervos CKB, but developers will be allowed to make their own sidechains with unique features, such as Proof-of-Stake (PoS) or Delegated Proof-of-Stake (DPoS) designs.
Lumos App Framework is a framework for creating apps. Lumos is a Nervos CKB application framework based on JavaScript/TypeScript. Its goal is to make Nervos application development easier. Lumos is still in development.
Use of Native tokens in the ecosystem:
The CKByte CKB) is the network's native token, and it can be used in the following ways:
Network-based state storage: CKB stands for cell capacity in bytes, and it grants owners access to a portion of the blockchain's entire global state.
Miners receive money in CKB tokens for both block rewards and transaction fees.
Staking incentives: CKB holders can receive staking rewards by depositing and locking their native tokens into a special contract called the NervosDAO.
Strategic Partners
5%
Team
15%
Testnet
0.5%
Token Sale
34%
Burn
25%
Foundation
2%
Ecosystem
18.5%
Volume (18th April 2022)
$14,653,534
Total Supply
36208260839
Circulating supply
30.37B CKB
Crowd Sales
Nervos Network has raised $128 million in investment over the course of eight rounds.
Funding
1/01/2021: Secondary Market- NA,
24/12/2019: Venture Round- NA,
6/11/2019: Initial Coin Offering- $72M
18/10/2019: Seed Round- NA
15/10/2019: Seed Round- $28M
1/07/2019: Venture Round- NA
3/03/2019: Venture Round- NA
18/07/2018: Series A- $28M
Country
China
Name of Organization
Nervos Network
Year Incorporated
2018
Registered Address
Huaxing Times Square CN Zhejiang sheng Hangzhou 1301, 478 Wensan Rd, Xihu Qu 310012
Dispute Resolution and Governing Law
China
Country Risk Assessment
A2
Founding Team
| Name | Designation | Education | Experience |
| Daniel Lv | Co-Founder | University of Shanghai for Science and Technology: Mechanical Engineering | 14 Yrs |
| Kevin Wang | Co-Founder | University of Pennsylvania: MSE, Telecommunications and NetworkingBeijing Jiaotong University: BS, Electronics and Information Technology | 19 Yrs |
| Terry Tai | Co-Founder and CEO | SiChuan University, Jinchen College: Bachelor's degree, Computer Science | 13 Yrs |
Whitepaper 
