Hangzhou, China, June 22, 2024, Chainwire

In a groundbreaking evaluation, main cryptocurrency analysis agency Messari has revealed a complete overview of Nervos Community (CKB), highlighting its pivotal position in strengthening Bitcoin's technical framework. The report particulars how Nervos leverages its revolutionary Layer-1 blockchain and RGB++ protocol to handle key scalability and programmability challenges inside the ecosystem.

In keeping with the report, Nervos Community not solely extends Bitcoin's underlying expertise, but in addition introduces vital enhancements to the Cell mannequin and CKB-VM. These developments allow extra complicated purposes and transactions on the blockchain with out sacrificing the basic ideas of decentralization and safety.

Messari's analysis additional highlights the RGB++ protocol, an evolution of the unique RGB protocol that permits good contracts and asset issuance straight on the Bitcoin blockchain. Since its implementation, the RGB++ protocol has led to a notable improve in community exercise, with new addresses growing 181% month-over-month in April of this yr, demonstrating the robust group help and affect of the protocol.

Fee channel integration with the Lightning Community can also be within the works, which is predicted to make the Nervos community extra scalable and versatile for quite a lot of blockchain purposes. This growth additional solidifies CKB's place as an important layer for working and accessing Bitcoin.

“Messari's report reaffirms our perception in Nervos CKB's bitcoin-native strategy to fixing long-standing challenges within the bitcoin area,” stated Bayu, head of the CKB Ecofund. “As we proceed to innovate and develop our ecosystem, this recognition highlights CKB's nice potential to evolve bitcoin right into a extra sturdy and versatile blockchain platform.”

Messari’s full report not solely highlights the technical deserves of the Nervos Community, but in addition positions it as a powerful contender within the blockchain area that may drive future innovation and improve Bitcoin’s general utility.

For extra info and the total report, please go to https://messari.io/report/understanding-nervos-network.

About Nervos CKB:

CKB is the primary totally BTC isomorphic L2 (PoW + UTXO), offering a extra decentralized, safe, and Bitcoin-compatible L2 resolution.

CKB extends Bitcoin's programmability and interoperability with the RGB++ protocol, which maps Bitcoin UTXOs to CKB cells, permitting Bitcoin L1 UTXO-based property similar to Ordinals, Atomicals, and Taproot to be seamlessly transferred to CKB (and vice versa) with no cross-chain bridge. The UTXO stack, the Bitcoin L2 “OP stack” secured by CKB and powered by RGB++, permits high-performance parallel chains, offering near-unlimited scalability with out compromising safety. The CKB Lightning Community connects to Bitcoin's Lightning Community, enabling bidirectional, censorship-resistant, permissionless, and trustless asset flows between the 2 networks.

The CKB mainnet was launched in November 2019 and accomplished its first mining reward halving in November 2023.

contactCKB Eco Fund MKTKelly JinCKB Eco Fund[email protected]

This text was first revealed on Chainwire