Enthusiast Opines Nervos Network will make Ethereum Look Like Windows 3.1July 26, 2020
Looking for Altcoins and cryptocurrencies which are set to be here in 10 years from now. For some investors they cannot wait until it is way off in the future to be able to make real money. To estimate whether a crypto can give you some decent returns soon, it is important to understand the competitive aspects of their usability.
As Warren Buffet Says, it is not good to ignore an investment opportunity by sucking thumbs and not doing anything about it if it is within investment competence. It is important to take an investment opportunity if it is good. Creating an analogy, if it personally strikes that the use case is going to be well worth the user interest, it is good to be investing in it.
You need some kind of inner feeling of entitlement to know that you really want to risk in investing in a project that you are able to logically identify a purpose to be with the project the Altcoin is targeting to achieve. Interpreting, you must be able to make some sense out of the mission statement and the purpose outlined in the White Paper.
In this regard, when it comes to identifying the circle of competence, Sydney Ifergan, the crypto expert tweeted: “Nervos have discussed layer 1, layer 2 and consensus scope, economic model, multi-asset store of value, crypto-economics, Nakamoto consensus, and the Eaglesong hash function. They have a Youtube video in this regard.”
The You Tube Video has received some shout out from the community. The researchers who contribute to Nervos are introduced.
The Nervos Network is composed of layers of protocols instead of single blockchain. The difference between the layer 1 and layer 2 is the consensus scope. The numbers of nodes which participate in the consensus in this protocol. Layer 1 is absolutely secure and no security is compromised. In Layer 2 a bit of security can be compromised to provide for better user experience and for lower latency effect.
In order to ensure free flow of transactions, each of them should be detached using different processes. All of these are accomplished using UTXO. More to know in the video.
Nervos in BSN Integration List
Nervous was chosen by China’s bsnbase The BSN is a cross-cloud, cross-portal, cross-framework global infrastructure network used to deploy and operate all types of blockchain DApps.
The BSN is a cross-cloud, cross-portal, cross-framework global infrastructure network used to deploy and operate all types of blockchain DApps.
The other public chains to be integrated are Ethereum, EOSIO, Tezos, Nervos, NEO, and IRISnet. There is an exhaustive Medium article in this regard.
The community feels that very soon Nervos Network Will make Windows 3.1.