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What is CKB Nervos Network and how does it work?

avatarMd IrfanNov 26, 2021 · 3 years ago1 answers

Can you provide a detailed explanation of what CKB Nervos Network is and how it functions in the world of cryptocurrencies?

What is CKB Nervos Network and how does it work?
CKB Nervos Network
Cryptocurrencies
Blockchain

1 answers

  • avatarNov 26, 2021 · 3 years ago
    CKB Nervos Network is a blockchain platform that provides a secure and scalable infrastructure for decentralized applications and smart contracts. It utilizes a Proof of Capacity consensus algorithm, which requires participants to prove their storage capacity to secure the network. This approach ensures that the network remains decentralized and resistant to centralization by mining pools. CKB Nervos Network also supports layer 2 scaling solutions, such as state channels and sidechains, to enhance transaction throughput and reduce fees. Overall, CKB Nervos Network offers a reliable and efficient platform for the development and transfer of digital assets.

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