Altcoins News

Story: Nervos Network Blockchain Believes Trust is Incredibly Valuable But Has Boundaries

By Steven Anderson

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Nervos Network Different From Others

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The Nervos CKB (common Knowledge Base) is the fundamental layer 1 Proof of Work Blockchain. It creates the foundation for all the Layer 2 protocols, integrations, and scaling…

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Terry Tai, Nervos Cofounder, and CEO stated,"Nervos, in our design concept, is different from other public blockchain projects in many ways."

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Terry Tai controversially opines that POW is the only choice for Layer 1 protocol.  He also feels that blockchain technology is still in its very early phase.

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Terry Tai, in an interview in response to a hypothetical question about a chance to meet Satoshi Nakamoto, who is a male in his deathbed, stated he would ask, "Where is your…

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Nervos Network CEO acknowledged that the project is in its early stages. He described his community members as futurists with an adventurist spirit.

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Sydney Ifergan, the Crypto Expert, tweeted: “Nervos Network believes that trust is incredibly valuable in the cryptocurrency and blockchain industry.

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The NErvos network is different from several other projects in the cryptocurrency space in that it provides flexible support for crypto primitives.

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Their Layer1 protocol CKB does not use an account model, rather they use a UTXO like model, and they call it Cell model.

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The Nervous network is very clear about the fact that trust is common in families, but not in companies, nations, firms, and giant institutions.

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The Nervos Network has announced a public grants fund to fuel the growth of their ecosystem for their permissionless layer, one blockchain - the Nervos Common Knowledge Base (CKB).

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