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Exchange Nervos Network (CKB)

If you're looking to swap Nervos Network, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Nervos Network or some fresh information about CKB’s price movements. And, of course, we provide you with the multiple Nervos Network exchange options so that you can choose the offer with the best rates and lowest Nervos Network fees, as well as other parameters that suit you.

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Nervos Network Price Stats

To help you make a decision about exchanging your Nervos Network, we gathered some cold hard numbers: Nervos Network price chart and other stats, such as Nervos Network market cap.

24H HIGH

24H HIGH $0.002538

CKB MARKET CAP

CKB MARKET CAP $95,803,463.459

CIRCULATING SUPPLY

CIRCULATING SUPPLY 38,964,231,298.688 CKB

24H LOW

24H LOW $0.00243151

CKB PRICE

CKB PRICE $0.00245875

24H VOLUME

24H VOLUME $470,084.259

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Nervos Network Price Chart

Here you can see the current price of Nervos Network, as well as Nervos Network price history.

What is Nervos Network?

Nervos Network is an open-source public blockchain ecosystem and a collection of protocols. The Nervos Common Knowledge Base (CKB) is a Layer-1 Proof-of-Work blockchain protocol of the project. It also has a Layer-2 solution, thus enabling smart contracts on the network and providing ways for scalability. The advantage of the Nervos is that it can run the software of other networks without a hard fork while providing a high level of security of PoW. 

Layer-1 is also referred to as the verification layer, while Layer-2 is the generation layer. The project is named after the nervous system in the human body as it kinda repeats its structure. 

The vision of the project is to create an ecosystem where users can easily move the data from one network to another. The project team aims to connect as many projects as possible and let the main network evolve along with them. 

The network was originally built in 2018 with the intention to solve the scalability issues that most Layer-1 networks dealt with at the time. The initial idea was to create a solution with improved performance for the enterprise use cases. In 2019 the Nervos Network mainnet was launched. 

The Layer-1 or Common Knowledge Base consists of a Proof-Work-based Nakamoto consensus, virtual machine, cells-based state model, state-oriented economic model, and peer-to-peer network. Thanks to PoW, Nervos Network is censorship-resistant. As a peer-to-peer network, it allows the nodes to communicate in an optimal, secure way. 

The cell model of Nervos mimics Bitcoin’s UTXO model and spent coins are not removed but marked as spent. 

CKB generates trust and extends it to the upper layers, making Nervos a trusted network, while also being a store of value of the blockchain, providing public, secure, and censorship-resistant custody services for assets, identities, and other common knowledge stored on the network. Networks of Layer-2 process most of the transactions and generate new states. Participants of Layer-2 submit the newly generated states to the CKB whenever they see it necessary. The states need to pass the corresponding verification by the nodes on the global network. If they do so, CKB securely stores them on the peer-to-peer node. 

Due to the layered architecture of the network, the state and computation process are separated so each of them is more flexible and easier to scale. Interestingly, the networks of Layer-2 can apply different consensus mechanisms, but CKB always stays the lowest and provides the most secure consensus on the Nervous network. 

Recently the Nervos Network has launched another Layer-2 solution, called Godwoken, on its mainnet. It is an Ethereum Virtual Machine compatible Optimistic Rollup, which can be applied to build the Dapps across the blockchain and easily transfer them to the Nervos Network. Additionally, there was the Oblivion NFT marketplace launched on the Nervos mainnet. 

CKB is the native token of the Nervos Network. It is used to buy the storage on the network's mainnet and to execute the smart contracts. CKB is also used to pay the transaction fees and rewards to the miners. Since the date of launch, there were 33.6 billion tokens. 25% of them were burnt, 21,5% were allocated to the public sale investors, 15% went to the team with a four-year vesting program, 17% were sent for the ecosystem funding, 14% to the private sale investors, 5% were saved for the strategic funding partners, 2% kept for the foundation and 0,5% for the platform’s testnet incentives. 

A Simple Way To Exchange Nervos Network Here At SwapSpace

Step 1
Step 1

Choose a pair

Choose the cryptocurrencies you would like to exchange among more than 1600 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.

Step 2
Step 2

Select the best rate

You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.

Step 3
Step 3

Transfer funds

Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!

Step 4
Step 4

Receive your coins

You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.

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