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Nervos Network Fundamental Analysis
The Nervos Network is an open-source public blockchain ecosystem and collection of protocols designed to offer a network that could replicate all the advantages of the Internet. It basically recognizes the clear segregation problem caused by the need to access and interact across different networks to develop Internet apps. By providing one blockchain that can be easily built upon and that can reach every other blockchain, Nervos has come up with an excellent solution to some of the challenges faced by major blockchains like Bitcoin and Ethereum. With their motto of the “Universal Passport to Blockchain” they’ve built a platform able to achieve some really interesting features that would easily seem too good to be true if there wasn’t such a talented team of developers behind this exciting project. Just like a STOP sign or a green light are well-understood concepts anywhere around the world, the Nervos Network wants to become the blockchain where common knowledge is stored. That could take many different forms and shapes, with the shared feature that all of it will be secured within a cell-like model that has some wonderful advantages to it. This is probably the reason why their native token is called the Common Knowledge Base or CKByte ($CKB). Not only does the CKByte act as a value token behind smart contracts like Ethereum, but it also serves the purpose of the store of value with a very well-thought reward system to ensure its consistent valuation. This system requires users to hold CKBytes to be able to store assets on the Nervos blockchain, which brings up demand and price for CKB tokens that will later transfer the increase in value to higher mining rewards, which will then incentivize mining and end up in higher network security. Achieving this last step makes more people want to transfer their assets to the Nervos Network, and that just closes the cycle where the token as the store of value is guaranteed.
Nervos Network Live Price Chart
Nervos Network Technical Analysis
Nervos Network Price Prediction
#1. WalletInvestor CKB Price Prediction for 2021 and 2025
#2. TradingBeasts CKB Price Prediction for 2021-2022
#3. DigitalCoin CKB Price Forecast for 2021-2025
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