Nervos Network (CKB) USD Price

Nervos Network Price Data

Nervos Network (CKB) currently has a price of $0.016 and is down -4.11% over the last 24 hours. The cryptocurrency is ranked 123 with a market cap of $689.2M. Over the last 24 hours, it saw $30.5M of trading volume. The token has a circulating supply of 44.2B tokens out of a total supply of 44.9B tokens.

The Nervos Network is a modular blockchain designed to address the scalability challenges faced by layer-1 networks, particularly in the realm of smart contracts.

Launched in 2018, its goal was to create a high-performance blockchain suitable for enterprise applications. The network's mainnet went live in November 2019, featuring a two-layer architecture: a secure and flexible Layer 1 known as the Common Knowledge Base (CKB) and a scalable application layer (Layer 2).

The CKB, utilizing proof-of-work consensus, supports all cryptographic primitives and facilitates interoperability with diverse blockchains and sidechains. It also introduces a native token, CKByte, for resource management and miner rewards, while offering users the option to earn yield through the Nervos DAO. This structure aims to provide the necessary scalability and environment for decentralized applications, leveraging protocol-level account abstraction for developer convenience.