Nervos Network (CKB)

Decentralized Finance (DeFi)

Nervos Network supports DeFi applications by providing a secure and transparent platform for financial transactions, tokenized assets, and smart contracts. It allows assets like tokenized equity or real estate to be stored safely on Layer 1, while transactions happen efficiently on Layer 2.

Layered Blockchain Architecture

Nervos uses a layered design where Layer 1 (the Common Knowledge Base or CKB) focuses on security and decentralization, and Layer 2 solutions handle scalability and faster transactions. This helps balance performance and security.

Interoperability and Multi-Chain Integration

Nervos enables connections between different blockchains, sidechains, and Layer 2 networks, allowing assets and data to move smoothly across various platforms.

Resource Management and Token Utility

The native token (CKB) is used to manage resources on the network, pay for storage space, and incentivize miners who secure the blockchain.

Security and Flexibility

Nervos uses a Proof-of-Work consensus with a unique cell model that reduces smart contract risks and supports various scaling solutions like rollups and payment channels. This design helps keep assets secure and the network flexible for different use cases.

Pros

• Enhanced scalability through a unique layered architecture that separates application logic from the core protocol, allowing high transaction volume without losing security.
• Strong team experience contributing to efficient development and innovation.
• Adheres to the five pillars of open blockchains: open, public, borderless, neutral, and censorship-resistant.
• Flexible smart contract model and base layer that supports interoperability with other blockchains.
• Supported and funded by major firms, institutions, and banks, showing strong backing.
• Uses Proof-of-Work consensus optimized for security and decentralization, with support for ASIC mining.
• Designed to connect different blockchain systems, reducing the need for multiple wallets and exchanges.

Cons

• Complexity due to its layered architecture, which can be harder to understand and develop for.
• Limited storage capacity on layer 1 (around 30-40 GB), which may increase costs for developers needing more space.
• Slower adoption by developers compared to some other blockchain ecosystems.
• Some concerns about network performance trade-offs to maintain decentralization and security.
• Ecosystem and best practices are still evolving, which may affect developer experience.

Founders of Nervos Network

• Jan Xie: Former core researcher and developer at Ethereum, co-founder of ethfans.org, and architect at Peatio.
• Terry Tai: Core developer at Yunbi and Peatio cryptocurrency exchanges, co-founder of Teahour.fm podcast.
• Kevin Wang: Lead researcher for Nervos, with a background in software engineering at IBM and co-creator of developer platforms.
• Daniel Lv: Former CTO of imToken (a popular Ethereum wallet) and Yunbi, responsible for community growth.
• Cipher Wang: Former Chief Product Officer at Cryptape, involved in product and engineering.

These five co-founded Nervos Network in 2018.

Institutional Investors

Nervos Network has about 25 to 29 institutional investors. Some of the key investors include Sequoia Capital, Polychain Capital, Wanxiang Blockchain, Blockchain Capital, FBG Capital, Multicoin Capital, Kindred Ventures, and Spark.

Venture Capital Firms

Notable venture capital firms investing in Nervos Network are Sequoia China, Polychain Capital, Multicoin Capital, and Kindred Ventures. These firms support the project through strategic funding rounds.

Other Investors

Additional investors include Dragonfly Capital, imToken Ventures, and Hashkey Capital, among others, contributing to the network's growth and development.

For more details, you can visit Nervos Network's official pages or funding profiles on platforms like Tracxn and Crunchbase.

Halal Status

Yes, Nervos Network is considered halal. It aligns with Islamic principles by offering clear utility, transparency, and ethical practices that comply with Shariah guidelines. Various Islamic finance platforms list it as halal due to its adherence to these standards.