htwtech
@htwtech
Nervos Network : enhances Bitcoin with RGB++ and layer-2 scalability
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htwtech
@htwtech
Let me break down this @NervosNetwork project. These guys are on a mission to enhance Bitcoin's capabilities by using their own layer-1 blockchain, the Common Knowledge Base (CKB).
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htwtech
@htwtech
The key thing they're working on is this protocol called RGB++, which lets you use CKB as both an execution layer and a data storage layer for Bitcoin. This solves some of the limitations of the original RGB protocol, making Bitcoin more scalable and flexible. Some of the standout features of Nervos: 🔸 Turing-complete smart contracts using their unique "Cell Model" - this is way more advanced than Bitcoin's basic scripting language 🔸 Vertical scaling with RGB++, so Bitcoin can handle more transactions and data 🔸 Compatibility with existing Bitcoin Layer 2 solutions like Lightning Network 🔸 A custom virtual machine called CKB-VM to run contracts efficiently
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htwtech
@htwtech
The tech stack is also pretty solid - they use a PoW consensus with an upgraded Bitcoin algorithm, and their CKB blockchain is designed to seamlessly integrate with the BTC ecosystem.
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htwtech
@htwtech
Now, in terms of the project's progress, the CKB mainnet is live and the RGB++ protocol launched back in April 2024. Since then, they've seen a big uptick in network activity, with over 13,000 RGB++ transactions and 4,400 unique addresses using it. 📈 The CKB token also got listed on a Korean exchange, where its value skyrocketed 200% - so the market is clearly excited about what Nervos is bringing to the table.
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htwtech
@htwtech
Looking ahead, the Nervos team has an ambitious roadmap. They want to connect RGB++ to the CKB Lightning Network, build cross-chain protocols for issuing assets, and launch a payment channel network that integrates with Bitcoin's Lightning. Lots of cool stuff in the works! 🚀
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htwtech
@htwtech
Nervos is positioning itself as a crucial piece of infrastructure for enhancing Bitcoin's functionality and onboarding more decentralized apps. By bridging the gap between BTC's security and Ethereum's flexibility, they're helping to unlock new use cases for the original cryptocurrency. Definitely a project worth keeping an eye on if you're into the whole Bitcoin ecosystem expansion thing!
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htwtech
@htwtech
📍If you want to dive deeper into the world of Nervos Network and learn more about similar projects, check out our Medium via the link in our profile. We've got tons of cool content that you don't want to miss! 🔗
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htwtech
@htwtech
#Pell_Network #HighTower #htwtech
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