Nervos is a project launched by two of China’s leading developers in the crypto-space. The lead duo has quite a track record with cryptocurrency, contributing to the development of Ethereum in addition to China’s largest wallet and a successful exchange.
Nervos offers a decoupled and decentralized platform to allow multiple paths of scalability, transaction certainty and low latency for blockchains. It is designed to perform as a foundation for all types of decentralized applications that optimizes user experience.
They use Common Knowledge Base (CKB) which is a simple state machine, for superior scalability, interoperability and better-aligned incentives for all participants on the network. Through this design, Nervos will provide an all-purpose, interoperable solution for data, computation and identity services for any dApp that harnesses the layer.
New dApp Paradigm: Nervous ICO brings superior user experience to mobile and web dApps.
Real world application ready: Nervos comes with built-in identity support with flexible trust models for DApps to build real-world trust-based transactions.
Interoperable with Existing Systems: Nersvos provides a standardized client interface with a small set of state transition semantics. Existing systems don't have to change their programming languages, move their business rules, or break their engineering best practices to integrate with a world-class public blockchain.Nersvos provides a standardized client interface with a small set of state transition semantics. Existing systems don't have to change their programming languages, move their business rules, or break their engineering best practices to integrate with a world-class public blockchain.
What’s Under The Hood?
Nervous Common Knowledge Base (CKB) is designed as a general purpose common knowledge base. The CKB network consists of three types of nodes:
- Archive Nodes: This is full nodes in the CKB network. They validate new blocks and transactions, relay blocks and transactions, and keep all historical transaction on disk.
- Consensus Nodes: Consensus participating nodes in the CKB network listens to new transactions, package them to blocks, and achieve consensus on new blocks. These nodes do not have to store the entire transaction history.
- Light Clients: Users interact with the CKB network with Light Clients. They store only very limited data and can run on desktop computers or mobile devices.
CKB nodes together form a P2P distributed network to relay and broadcast blocks and transactions. Consensus Nodes run a hybrid consensus protocol to reach consensus on newly created blocks at a certain time interval. The new block will be acknowledged by all nodes and added to the end of CKB blockchain. The transactions in the new block update CKB’s states.
Nervos ICO Drawbacks
Even though they have made their GitHub publicly available, there has been little development there. The team behind the project seems to have a provable track record, however, GitHub is a platform that should be constantly updated as community support is essential to the success of an ICO.
GitHub is not the only platform that Nervos has ignored. They have done almost nothing to establish channels on social media to propel the momentum that they have gained in the crypto community.
As a useful analogy to understand the ecosystem, we can compare the cells to land. If you want to build a shop, you need land. Just as one invests money in land and builds a shop, users purchase cells as a foundation for dApps. If you want to close your shop, you can sell the land at a value that is potentially higher than the initial purchase cost.
More details about them are available on http://nervos.org/ .