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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
By the end of March 2021, Nervos Network coin's price reached its all-time high of 0.0419 USD. Despite of the following price fluctuations and a price drop during May 2021's crypto market fall, CKB price predictions remain generally positive and promise a continuous growth back up to $0.04.
Nervos Network Technical Analysis
SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 450 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.
Exchange Nervos Network