Nervos Network

Halal Rating :
Comfortable
Last Price $0.0065 Last updated:
Rank 165
1D Change -2.95 %
Market Cap $297.51m
Circulating supply 45,758,337,629
Maximum supply None

Crypto Overview

Categories
  • Mineable
  • PoW
  • Platform
  • Collectibles & NFTs
  • DeFi
  • Interoperability
  • Quantum-Resistant
  • Research
  • Scaling
  • Smart Contracts
  • DAO
  • Polychain Capital Portfolio
  • Rollups
  • Blockchain Capital Portfolio
  • CMS Holdings Portfolio
  • DragonFly Capital Portfolio
  • Electric Capital Portfolio
  • Hashkey Capital Portfolio
  • Huobi Capital Portfolio
  • 1Confirmation Portfolio
  • Multicoin Capital Portfolio
  • Web3

Purpose and Utility

Nervos Network is a layered blockchain platform designed to provide scalable, secure infrastructure for the crypto economy. The CKB (Common Knowledge Base) token serves multiple purposes within the ecosystem: it's used to store state on the blockchain (similar to paying rent for space), secure the network through Proof of Work mining, and facilitate transactions.

Business Model Analysis

The business model focuses on providing blockchain infrastructure that allows developers to build applications while ensuring security and scalability. The platform employs a novel economic model where users must lock CKB tokens to store data on the blockchain, creating natural demand for the token based on actual utility.

Real-World Adoption

Nervos has established partnerships with major organizations including China's Blockchain Service Network (BSN) and has active development teams building various applications. The network processes thousands of daily transactions, showing genuine usage of the platform.

Development Activity

The project maintains active development with regular GitHub commits and updates. The team consistently releases technical improvements and new features, indicating genuine effort to build valuable infrastructure.

Token Distribution

The initial token distribution allocated approximately 23% to the founding team and early investors, with vesting periods in place. The majority of tokens were distributed through mining, public sale, and ecosystem development funds.

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