The Nervos Network being an open-sourced blockchain application serves as a universal passport for exchanging coins. It consists of open source, public blockchain ecosystem guided by protocols meant to create a universal internet-like public network, thus removing major barriers to crypto adoption which Bitcoin and Ethereum are facing.

CKB is a Layer 1 Blockchain which has been designed having in mind the Layer 2 development and scaling in mind. The Nervos Common Knowledge Base (CKB) focuses on a wide variety of common knowledge, besides finance.

The CKByte is the native token which fuels the Nervos Network. With a single CKByte token, users are given permission to occupy one byte of data storage on Nervos.

The CKByte token is widely used to pay fees like for Cycle fees which is charged based on the amount of computer resources utilized to verify a transaction and paid to miners. Transaction fees where miners get compensated with Transaction Fees to provide the computational power which ensures network’s security.  State Rent, where miners are paid State Rent in exchange to provide storage space to keep the data in the transaction alive.

Band Protocol expressed:  We are happy to announce the successful integration with Polyjuice, the L2 solution for Nervos CKB, with a rapidly growing dApp ecosystem. This completes another milestone for the ongoing strategic partnership with Nervos Network.

With the infrastructure of Bandchain and Polyjuice, the possibility of development is vast. Developers can deploy smart contracts from any EVM-compatible chain and use Band oracle to get data with end-to-end customization: from data sources to aggregation methods.

The collaboration is an important stepping stone for Band Protocol to integrate with other upcoming L1 and L2 ecosystems. Set to bring scalable, time-tested, and permissionless data solutions to the future of L2 and beyond.

Community response:  Can someone explain this a little more in depth for me? Looking for excuses to buy more and get yelled at by my wife.

Band is a decentralized oracle. With an existing partnership with LINK, this new partnership diversifies the off-chain data used by Nervos Network. This data is vital to smart contracts. Buy more now and the wife will thank you later.

What’s a good number to own? A million? If you can afford a million is great. Some CKB is better than having none.

Nervos’ interoperability 2.0 plan is promising in terms of creating a truly interconnected blockchain ecosystem. Wrapped CKB on Ethereum, ADA Force Bridge, Bitcoin Force bridge, and more are set to come.