The innovative design, network status and ecological progress of Nervos

Nervos is different from other public chains in token economics and layered architecture. Ecologically, it set a public donation fund of 30 million US dollars at the beginning of the year, and is currently funding 8 development teams.

Original title: “On Nervos’ Innovations, In-depth Insight into the Status Quo of Its Network and the Progress of Ecological Applications”
Written by: Barley

I once asked a developer friend about the public chain. He said: “If you are relatively conservative, you can bet on Ethereum, because Ethereum’s position in the smart contract and DApp field is difficult to shake in the short term.”

In fact, there are many similar views in the market. Kain Warwick, the founder of Synthetix, wrote an article at the end of August last year, claiming that he has learned a lesson on EOS, and called the network effect of Ethereum-including development tools, project ecology, social compatibility and value capture- It may far exceed the expectations of many people.


Then he added: “But this does not mean that the latecomer has no chance. The disadvantage of the first mover is that it may become stiff and dull. Once the project is deployed and used by many people, the cost of pushing it forward will be very high. High, for example, adding new features requires continuous coordination and the consent of most community members. At the same time, in order to maintain backward compatibility, the improvements made may also be relatively conservative. “

“So from another perspective, it is also a good choice to bet on teams with strong learning ability and strong innovation ability. They can learn from the successful experience and embarrassment of the pioneers to propose better solutions in a targeted manner.”

I just saw Olaf, the founder of Polychain Capital, in a recent interview. He said that China ’s local blockchain projects are very innovative. He mentioned Polychain Capital ’s investment portfolio-Nervos Network. The handsome yellow-haired Olaf said: “I am a big fan of Nervos. The team is great and I am very optimistic about their hierarchical expansion technology.”


In the previous article ” Blue is better than blue, the next generation of public chain potential players Nervos to understand “, the Satoshi team detailed the reasons for their long-term focus on Nervos, including: Chief architect Jan is the core of the former Ethereum Developers, when PoS is chosen by many public chains, insist on PoW, layered architecture design, solve the blockchain state explosion from an economic perspective, mainstream mining pools such as Yuchi and Xinghuo are supported immediately, domestic and foreign Investment from top institutions, technical partners of Huobi Public Chain, etc.


Now let us focus on the innovation of Nervos:

Well-designed token economics

Pan Chao, head of China at MakerDAO, said: “When the market is volatile in 312, the unprecedented increase in the handling fees of the Ethereum network has led to the paralysis of financial applications. The reason behind it is precisely the prevalence and resource occupation of the USDT virus. This kind of “tragedy of the public chain” and the lack of systematic governance. “

In order to solve similar problems such as “tragedy of public chain” and “resource occupation”, Nervos has carefully designed its own token economics: its native token CKB is the actual physical resource of Nervos Layer 1, which is “fixed” and “limited”. Only CKB can deposit and store data on the Nervos network, and can create assets and smart contracts.

When developers carry out various economic activities, considering that CKB resources are “limited” and “paid”, then they will handle their behavior on the chain more carefully, use storage resources reasonably, and avoid uploading low value or spam To the network.

Layered architecture design

The Nervos network is divided into two layers, the bottom layer Nervos CKB (Layer 1) focuses on “security” and “decentralization”, the upper layer is a variety of Layer 2 facilities, the pursuit of scalability, the vast majority of computing, storage, network transmission occurs In Layer 2.

Only when the operation node of Layer 2 is malicious and there is a trust problem, users need to interact with Layer 1 and submit cryptographic evidence to CKB. CKB arbitrates (equivalent to a court) according to the evidence and predetermined rules, thereby protecting Layer 2 Implementation of the agreement.

Through this layered architecture design, the Nervos network attempts to avoid poor performance and bloat, and realizes the value capture of Layer 1 for upper-layer applications through the limited native token CKB.

The above is the innovation of Nervos, so after more than two months, after experiencing a 312 epic plunge, how has Nervos developed, let us start with the most basic data and see its current status:

Computing power growth

Unlike ETH2.0 and many new public chains invested in PoS, Nervos chose PoW from the beginning. This is because the team believes that “Layer 1 must be a license-free, global shared, neutral infrastructure. PoW can guarantee the global settlement layer. The strong objectivity required. “

According to the data block chain browsers , Nervos operator force since early March began to surge, operators force March 6 to 207.79TH / s, and in the May 12 this figure increased by nearly 46 times over 9.58PH / s.


Nervos team members said that one of the reasons for the surge in computing power is the addition of proprietary ASIC mining machines.

As a main network, the PoW nascent network has only been launched for half a year. The strong presence of multiple proprietary ASIC mining machines marks the long-term optimism of mining machine manufacturers on the Nervos network; it also shows that the Nervos mining ecosystem is prosperous enough and has completed the network Cold start, without the dilemma and vicious circle of the new PoW network: less mining computing power-network insecurity-fewer users, fewer developers, fewer applications-low mining revenue-less mining computing power

This is also telling users and developers that the security of the Nervos network has been greatly improved. Nic Carter, the founder of Coin Metrics, once stated, “Whether there is a monopoly on the hardware that can perform its hash calculations. This will directly affect the settlement guarantee of a certain blockchain (that is, the system allows the recipient of a transaction to confirm the transaction. The ability of the transaction to not be tampered with “), Nic Carter gave an example, he said:” BCH and BSV are at a huge disadvantage relative to BTC because they only have a small part of all SHA-256 ASICs. This means Even a medium-sized or small Bitcoin mining pool may temporarily point its computing power to one of Bitcoin ’s smaller forks and carry out 51% attacks on it at will. ”


In the Nervos network, due to the unique Hash algorithm and proprietary ASIC mining machine, the relevant mining machine can only be used for Nervos mining, and the above situation is unlikely to occur. Nervos has a monopoly in the hardware that performs its hash calculation, which will lead to a substantial increase in the cost of attack by malicious people, and the entire network will be more secure.

After ETH gradually switches to PoS, a large amount of mining resources will be vacant, and as Nervos is one of the few high-quality PoW projects in the market, the Satoshi team believes that Nervos may be given priority by the miners, and the computing power may increase again .

Nervos DAO lock situation

The PoW mining mechanism is to ensure the neutrality and security of the network, but a PoW network that produces new tokens every day will inevitably make non-miner groups feel unfair, which will lead to their enthusiasm. In order to prevent the value of Hodler’s tokens from being diluted, the Nervos team launched the first DeFi application on CKB-Nervos DAO. As long as Hodler deposits CKB in Nervos DAO, the value dilution caused by the secondary issuance can be avoided As a result, Hodler’s holding ratio will only be affected by the genesis block and basic issuance.

Since the launch of Nervos DAO, the total number of locks and the number of locked addresses have continued to increase. At present, there are nearly 2,800 participating addresses. The total number of CKB locks has exceeded 5.6 billion, accounting for 33% of the current circulation. The average lock time is 88.5 days.


Continuous investment of development resources

As a brand new Layer 1, network security and a huge user base are just the foundation. The lack of underlying infrastructure will hinder the entry of developers and the prosperity of applications. Nervos co-founder Daniel used to be a RubyChina community administrator. He said that Nervos is a developer-focused team and project. In the 2020 roadmap, continuous investment of development resources is the core of the roadmap.

The $ 30 million public endowment fund set at the beginning of the year proves Nervos ’determination that Nervos will directly fund developers in the form of cash. From the list of funding, Nervos is enriching its client & wallet, cross-chain interoperability agreements and development者 工具。 Tools.


Nervos ecological application progress

According to public information, as of May 12, a total of 9 projects from 8 teams have been funded. They are:

Summa: Committed to the development of blockchain cross-chain interoperability tools, which will lay the foundation for future bitcoin interoperability, and ultimately aim to realize the cross-chain from bitcoin to CKB.

At present, it has entered the testing phase. The implementation of Bitcoin-SPV will benefit Nervos’ entry into the broader market, expand its feature set, and gain new liquidity in the cross-chain market.

Obsidian Labs: A community-friendly development tool that will build an easy-to-use graphical IDE for the developer community in the Nervos network to speed up the development process of dApps. It has been updated to the eighth version.

SECBIT: I hope to bridge the gap between cryptography research and dApp development by creating a CKB zero-knowledge proof toolkit.

Synapse: Plan to build CKB’s web-side wallet and key agent to make it easier for users to manage assets and interact with CKB’s ecological dApps.

Obsidian Systems: Integrate CKB and Ledger wallets. At present, Ledger Nano S / X Application has released Ledger APP V0.1.0 that supports Nervos CKB. It is believed that CKB can be stored in Ledger applications in the near future.

Lay2: dApps (pw-dapps for short) developed through its core product pw-sdk can run directly in wallets such as Bitcoin, Ethereum, EOS, and Tron.

Currently pw-sdk has completed Milestone1: at this stage pw-lib uses the hash function Keccak-256, pw-lock has fully supported Ethereum signatures, and pw-core has released the initial version of the API.

ABC Wallet: Provides the community with a standard protocol for communication between dApps and wallets, and an SDK that can communicate with iframes based on this protocol, so that dApp developers can customize their own iframe wallets.

Among them: One Chain CKB is a new SDK based on ckb-sdk-js, CKB Web Auth is a series of open source embedded wallet services from ABCWallet-lite. At present, One Chain CKB has completed the function realization of CKB in Milestone1 and Milestone2 as scheduled: supports one-to-many and many-to-many transactions, provides transaction fee pre-estimation method, and supports HD wallets.

GrowFi: The development team from South Korea, working in the field of DeFi, will focus on Nervos ‘token excuse (UDT) to help users more easily enter the Nervos ecosystem, and will also support UDT swaps’ liquidity pool in the future.

Overall, these infrastructures are still at a relatively early stage, but compared to the funding mechanisms of star projects such as Tezos and Zcash for ecological applications and developers, Nervos is more organized and decentralized-all projects will be open for consultation Feedback from the community while disclosing their progress in real time in the Nervos forum. This may help Nervos go further.

Enriching the ecological infrastructure is part of building a developer ecosystem, and at the same time, Nervos is also working with ecological partners to continue to preach and popularize to developers, introduce and promote Nervos to them.

In mid-April, Obsidian Labs (Obsidian Lab) and Nervos of the Nervos Grants project team jointly launched the “CKB Programming Experience Class” to help CKB beginners get started.

In addition to providing funding and continuing to enrich the ecological infrastructure, Nervos will also help high-quality DApps to market. The “CK Labs” program launched by Nervos a week ago will initially set up a $ 5 million fund to help blockchain startups incubate and build DApps, and introduce products to mainstream crypto investors to help them access Nervos investors and partners. The internet.

Rome was not built in a day. From a technical point of view, the development of blockchain technology is a particularly complicated matter. Everyone is crossing the river with stones for early exploration. We need to give the reliable public chain team enough patience to give them time To overcome technical difficulties.

As far as the developer group is concerned, blockchain technology is still limited to small circles. There are very few developers who understand smart contracts and DApps. The public chain team should continue to attract external developers like Nervos, so that it is possible to create more applications. To drive the industry forward.

As Near entered the POA mainnet stage, Polkadot switched from PoA consensus to NPoS, Coda’s Genesis token plan received more than 1,000 applications, and Solana launched the mainnet Beta not long ago; the new generation of public chains will launch the mainnet this year Nervos, which competes in dislocations, can be said to have gained advantages in terms of network security, fairness of token distribution, ecological applications, and developer community.

In this infinite game of time, we will continue to explore its boundaries, see how the software embedded in the incentive mechanism devours the world, and also witness whether Nervos can become a disruptive innovator as expected.

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