Q&A AMA - Nerve.Network

By NULS | Nuls | 11 Apr 2020

Nerve is Decentralized digital asset service network

Below is the AMA transcript:

Reaper Ran

I have prepared some issues of concern to the community. Can you briefly introduce the Nerve project, what is the most important value of Nerve?

Berzeck

Nerve is a decentralized digital asset service network, which is a set of cross-chain interactive protocols based on the NULS microservices framework and developed with Chain Box. The goal is to eliminate the isolation problem that most blockchains have, also, to establish a cross-chain interoperable asset interaction network, and provide all the underlying support for Defi applications ecosystem; letting digital asset holders enjoy truly secure, free and transparent Defi application services.

Reaper Ran

How difficult is to connect different blockchains to the Nerve Network?

Berzeck

Thanks to the Nerve cross-chain interaction protocol, only a small amount of development is required through a standard interface to transform blockchains of different structures into a set of universal asset types that can be recognized by cross-chain modules in the NULS ecosystem. In this way, it can open up asset interactions inside and outside the NULS ecosystem, and at the same time provide rich DeFi usage scenarios for mainstream digital assets such as BTC and ETH.

Reaper Ran

You are a member of the NULS Community Council and also responsible for the NULS west operation.

Now you have launched the Nerve project, does that mean you don’t have more time to contribute to NULS?

Berzeck

Not the case at all! Nerve is designed to complement the NULS ecosystem, working for Nerve IS working for NULS! Also, I am not alone in this and I am already receiving a lot of help and support from the core team.

Of course I plan to do more work for NULS blcokchain directly ☺️

(For the record I will always continue working for NULS!!)

Reaper Ran

What changes will it bring to NULS?

Berzeck

NULS is definitely one of the best underlying technologies in the global blockchain landscape, thanks to its microservices architecture, NULS has achieved cross-chain operations on homogeneous blockchains with 2.5 version, and through Nerve, it will achieve full cross-chain support for top-rated projects, and we will continue to expand the NULS ecosystem docking different types of assets in a phased approach.

Potentially, tens of thousands of BTC and ETH holders could simply and quickly transfer their on-chain assets into the NULS ecosystem, and participate in the construction of various types of applications. They could exchange between various assets freely and securely.

Therefore, Nerve’s arrival will definitely push the NULS ecosystem into a new stage of development and will let the entire blockchain industry acknowledge about the excellent underlying technology of NULS.

Reaper Ran

NerveNetwork supports heterogeneous cross-chain, But on the market , there are seldom projects realizing heterogeneous cross-chain. Can you tell us how it is implemented?

What is the different from other cross-chain projects?

Berzeck

The biggest difference is that Nerve is designed to complement NULS blockchain ecosystem so it does not aim to provide interconnection between all different projects, just between NULS related assets with the rest of blockchains, therefore the design is a lot simpler and efficient, Nerve does not have native smart contracts as it incentivizes the use of NULS' smart contracts for assets of docked blockchains.

So in reality: Nerve + Nuls = One big project!

Reaper Ran

I think Nerve is part of NULS

There are many types of software architectures, why does Nerve use NULS technology architecture to implement this protocol?

Berzeck

Absolutely! NULS is the only project on all crypto landscape that implemented a microservices architecture, this type of architecture is being implemented by the biggest software companies on Earth, like Google, Microsoft, Facebook, Netflix just to name a few, on of it's best advantages is that its a lot easier to upgrade and deploy individual modules in any development language making progress faster and more efficiently than the competition.

Nerve inherits this architecture because it will allow it to evolve seamlessly and a lot faster than the competition with fewer resources which will give us the upper hand on cross-chain technology.

Reaper Ran

In the recent two years, the competition is fierce among blockchain projects. What do you think are the core advantages of Nerve and what is the key to its success?

Berzeck

Inheriting microservices infrastructure (Nulstar) so it will evolve faster

Simpler and more efficient designed

Designed to complement NULS blockchain empowering its ecosystem

Opening the possibility for BTC an ETH holders to interact with assets in a very efficient blockchain

Reaper Ran

Can you describe briefly how the cross-chain interaction works?

Berzeck

oh well I will try!

Every time a blockchain is docked, it needs to implement a set of interface protocol components for data interaction between the two chains. Virtual banks manage multi-signature addresses (smart contracts) and are responsible for the verification and execution of transfer in and out of assets.

Reaper Ran

Can you describe briefly how the cross-chain interaction works?

Berzeck

oh well I will try!

The following graph show the actual flow:

10)

Reaper Ran

it seems that this project is a great masterpiece. Would you please explain the road map of Nerve Network?

Berzeck

We will announce the online test network and the public beta of NDEX very soon.

Next, we will plan to invite top platforms or institutions in the industry to serve as bank nodes.

Q2-Q3

Launching Mainnet and NerveDEX

Nerve's main-net will be launched, NerveDEX trading platform will be launched, light wallet will be launched, Staking will be available, and external interfaces will be opened.

After that we will start docking more blockchains.

11)

Reaper Ran

What contributions can NULS community members make to the NerveNetwork project? how can we get some Nerve Token rewards in other ways?

Berzeck

oh well I will try!

Help always wanted!

a. Members who contribute to the project will receive some rewards, and we will create some specific reward tasks.

b. For All Developers Who Have Contributed Code to blockchain-related Projects

1. Follow @nerve_network on Twitter and join Nerve Discord（https://discord.gg/aDaxwJR）

2. Add Nerve Github repository to favorites and submit your NULS wallet address to Issues, you will receive 200NVT!

Here is Github link : https://github.com/NerveNetwork/nerve/issues

c. After the main online launch, if you hold NULS, ETH and BTC, you can get NVT from Stake in Nerve network.

d. NULS holders will enjoy an airdrop planned In July.

Community Questions:

Danail Stefanov

Will be Nerve available soon on Nabox Wallet or will have his own wallet?

Berzeck

Initially NVT is NRC20 token so it is available on Nabox.. when it migrates to its own network it will have its own wallet

Viriat0

Do we already have a defined ratio? 1: 1? 1:10?

Berzeck

Of airdrop? not yet, the exact details are not decided yet but we will disclose in proper time so people have time to prepare

T L

What's next for Nerve platform? What does the future look like with Nerve?

Berzeck

We are targeting to connect with top blockchains and also with best stable coins, this way we will attract a lot of developers and investors from other communities to make their dapps and systems using our platform. In geenral interconnect as much as we can and get even more partners onboard

Crypto Jam

What’s the major difference between NERVE’s Cross-chain Mechanism with existing solutions？

Berzeck

Already answered!, but i may add its the perfect tool to build DeFi applications!

Marcin

When we can start stake NVT with Nuls ?

Berzeck

It can not be possible to use SCO program directly, But NULS holders will be able to stake on main net directly.

Oluap

Does NERVE have its own public ledger or some sort of database of all transactions?

Berzeck

Yes it has, right now it is a NRC20 as a transition period, it will have its own mainnet early q3.

Sesinho

What is the differentiating element of nerve compared to other projects such as Cosmos, Samos or Polkadot?

Berzeck

Already answered indirectly, but the key difference is that other projects try to interconnect everything with everythiing, making the design heavier and less efficient, our design is a lot more simple because we are interconnecting everything to NULS, also some functionality is not implemented by design like smart contracts, because we want to use NULS' smart contracts (again, remember Nerve is created to serve NULS not to compete with it)

Viriat0

All current SCO projects be listed on nervedex at launch?

Berzeck

No, not at launch! NDex will have a phased evolution as well

Joao

Will Nuls validate crosschain transactions when Nerve has its own main? or will the nerve just do the validations?

Berzeck

Nerve 👌🏻👌🏻 Virtual banks are responsible for this, and Nerve's other function is to provide kind of lightning network for NULS so it may even offload transactions from there (not that we need them because we have still a lot room for grow)

Reaper Ran

NULS authentication isomorphic system cross chain, Nerve converts heterogeneous chains into NULS isomorphic type.

The handling fee is very low and the transfer can be completed within seconds.

Berzeck

This means that NULS cross chain module can process transaction from blockchains similar in structure than nuls (for example the ones created with Chain factory), Nerve on the other hand is able to process from other blockchains with different structure (like btc and eth)

Joao

How do you differentiate the Nerve network from the lightning network in terms of advantages?

Berzeck

Lightning network is just designed to offload processing power from main net, Nerve is also capable to make cross chain operations

Reaper Ran

BTC can be transferred to the NULS network to develop Dapp&Defi through a smart contract.

Joao

Does Nerve together with Nuls also see itself as a solution for bitcoin development and breaking new ground by replacing lightning?

Berzeck

In the future of course, BTC can not evolve fast, we have painfully witnessed how it took 2 years for SegWit to be implemented! on the other hand we will evolve a lot faster and logically new companies and projects will tend to use the most technologically advanced tools, of course this wont come immediately, it will be a process. Also keep in mind that our network can endure more stress than ETH because it uses a type of DPoS consensus mechanism which is a lot more efficient, so the bloat on eth blcokchain won't be dismissed in the future even with their planned upgrade

END!

Join our social media and explore NULS!