What Is Nervos Network CKB Crypto?
What Is Nervos Network CKB Crypto

What Is Nervos Network CKB Crypto?

By StealthEX | StealthEX Blog | 26 Jul 2021


Nervos Network is a blockchain infrastructure with protocols that develop the foundation for a universal public platform and addresses the greatest challenges facing the most popular blockchains nowadays.

Nervos Network Features

Nervos Network includes two layers:

  1. Basic. It is a decentralized blockchain, which is responsible for keeping info associated with other blockchains. It acts as the backbone of the tiered economy, securing the trusted actions of the upper layers and the whole infrastructure.
  2. Generation. This layer ensures that transactions are conducted and secure information is generated and stored on peer-to-peer nodes. Blockchains in the generation layer apply different consensus algorithms.

Nervos crypto is only one of a lot of participants of this project. It plays a limited role in security and decentralization. 

The Benefits Of Nervos Network 

Nervos Network is an infrastructure of Nervos, i.e. a combination of a set of protocols, second-level solutions, CKByte token and other parts of this system. Nervos developers rely on Layer 2 solutions. Users should know 3 reasons for this:

  1. Virtually endless possibilities for scaling the blockchain.
  2. Low fees for transfers.
  3. No risk to the main chain.

According to the project owners, only this combination will solve the scalability dilemma.

Issue Of CKB Tokens

CKByte is a native Nervos coin. CBK token is useful for storing assets on the blockchain and utilizing smart contracts. It scales simultaneously with the creation of other coins, information, and smart contracts within the network. 

CKByte became available on the CoinList platform in the autumn of 2019. Its issuance involves several stages:

  1. Initial delivery. 33.6 billion CKB in genesis blockchain, with 8.4 billion CKBytes immediately burned.
  2. Base issue. A total of 33.6 billion CKBs are issued. The annual issuance base is halved every 4 years.
  3. Secondary issuance is over 1.3 billion CKB crypto tokens annually.

This project has a fair distribution of coins, everything is thought out and there can be no situation when all tokens will be put on the market at once. 

Where To Store CKB Coins?

To store tokens, everyone can use a Neuron Wallet. It's created by the Nervos Foundation, it saves investors' keys, can initiate and broadcast transfers on your behalf. Today, Neuron Wallet has bundled a CKB Mainnet node and configured to get attached to the mainnet. 

This option is safe, but if a user has larger sums, he should prefer hardware wallets. Ledger is one of the projects which let Nervos Network token owners store their coins.

CKB Price Prediction

Nervos Network is constantly improving its services. Recently it launched a new $50 million fund with CMB International which is belonged by China Merchants Bank. This fund will make early and growth-stage investments in startups building user-facing tools operating together with blockchain. 

It's also released a Tippy app, a sandbox development environment available to the CKB developers. 

According to the roadmap, the Nervos crypto team has lots of plans for the future. It's going to release a payment channel network, which decreases the throughput and increases the latency of transaction processing.

And if this project keeps growing, the CKB price will increase. As WalletInvestor believes it will cost over $0.0235 at the end of 2021. A Cryptocurrency Price Prediction team has an even more positive CKB crypto price prediction and thinks this coin will be $0.04 by the same time.   

What Is Nervos Coin Price Today?

Today CKB coin price is $0.0105.

Conclusion

The developers of this project have ambitious goals and tried to integrate all the latest developments in their blockchain from the very beginning. With support from huge market participants, they have all chances to create a quality and revolutionary product.

How To Buy CKB Token?

The easiest way to buy CKB is to choose exchanges, such as StealthEX. With this platform, you can exchange crypto for another crypto or buy it for fiat money (EUR, USD, RUB, GBP). StealthEX makes all transactions secure, and you don't need to wait much for buying tokens.

To buy CKB crypto just go to StealthEX and follow these easy steps:

  1. Choose the pair and the amount for your exchange. For example, BTC to CKB.
  2. Press the “Start exchange” button.
  3. Provide the recipient address to which the coins will be transferred.
  4. Move your cryptocurrency for the exchange.
  5. Receive your CKB coins.

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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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