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Nervos scalability and security
Nervos is an open source blockchain ecosystem which aims to provide secure and scalable infrastructure for decentralized applications. It is designed for address scalability and security issues that have plagued other blockchain platforms, such as Bitcoin and Ethereum. The Nervos ecosystem is composed of two layers: the Nervos Common Knowledge Base (CKB), which serves as the underlying layer of the ecosystem, and the Nervos application blockchain layer (ABL), which allows developers to build and deploy decentralized applications on top of CKB.
The Nervos CKB is a public, decentralized, permissionless blockchain that serves as the foundation of the Nervos ecosystem. It uses a unique consensus mechanism called "Proof of Work and Space-Time" (PoWST) which combines proof-of-work security with scalability of proof of stake. CKB is designed to be a “layer 1” blockchain that can support multiple layers of applications on top.
The Nervos ABL is a layer 2 blockchain that allows developers to build and deploy decentralized applications on top of the CKB. It uses a virtual machine called Nervos Virtual Machine (NVM) which is compatible with the Ethereum Virtual Machine (EVM). This allows developers to easily port existing Ethereum dApps to the Nervos ecosystem. ABL also supports smart contracts, as well as token issuance and transfer.
One of the main features of the Nervos ecosystem is its use of a unique token called "Cell" which serves as the basic storage unit on the CKB . Each transaction on the CKB requires the use of one or more Cells, and the total supply of Cells is limited by the total storage capacity of the CKB. This design helps ensure that the CKB remains secure and scalable, as the number of transactions that can be processed on the CKB is limited by the amount of storage available.
Another key feature of the Nervos ecosystem is its use of "Layer 2 scaling solutions" such as Plasma, Rollup and State Channel, which enable faster and cheaper transactions. These solutions are designed to allow CKB to manage a large number of transactions without compromising its security and decentralization.
Nervos also emphasizes privacy and security. They usezero-knowledge proofs(ZKP) to enable private transactions and execution of smart contracts on the CKB. Additionally, Nervos uses a Multi-Party Computing (MPC) protocol to ensure the security of private data stored on the CKB.
In terms of partnerships and adoption, Nervos announced collaborations with several companies and projects in the blockchain space, such as ChainGuardian, Polychain and SNZ Holding. Nervos also has a strong developer community and is backed by a number of venture capital firms and crypto funds.
Overall, Nervos is an ambitious and promising blockchain project that aims to provide a secure, scalable and decentralized infrastructure for decentralized applications. Its unique design, use of layer 2 scaling solutions, and focus on privacy and security make it a strong contender in the blockchain space. As the ecosystem continues to growre and evolve, it will be interesting to see how Nervos' vision of building a decentralized future plays out.
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