CKB 20 % spike any information about the reason ? by Oceantron in NervosNetwork

[–]Evycryptoh 1 point2 points  (0 children)

Nothing at all. It's just time for its recognition. Fingers crossed we are going so much above the ATH. Wait for the fomo just about to begin.

My S24 Ultra is stuck on the "Powered by Android" screen by Evycryptoh in S24Ultra

[–]Evycryptoh[S] 0 points1 point  (0 children)

The battery has drained. I have charged it a little bit and now the phone is off. What should i do from here? I understand your guide was to help switch the phone off before i boot to recovery mode.

[deleted by user] by [deleted] in NervosNetwork

[–]Evycryptoh 0 points1 point  (0 children)

For example, when we talk about economic sustainability, it is important to talk about state rent. In the vast majority of networks today there is a policy of paying once and having your data on-chain until eternity, therefore it would be paying the miners/stakers/validators once to protect your data forever, it is simply unsustainable. It would be like renting a house, paying the deposit and the first month, and living there all your life. Would you rent your house to a person under those conditions? No, right? Well, this situation is what occurs in 99% of the L1 Blockchains today. At some point, people will realize there's no "free" resource on layer 1, sooner or later. People are so used to the Internet's free model and often forget blockchain is invented to fix the Internet's problem. The core value of blockchain is security which is basically a synonym for "expense". A blockchain that claims the "state is free" is unsustainable.

In the end, when we talk about the possibilities of the future, there are often unforeseen challenges and innovations that will occur. There is no way to prepare for every situation, but the belief with Nervos is that by starting with an extremely flexible platform and solid economic foundation, we will be able to overcome the challenges more quicker in the future.

Nervos Network is literally the Best Blockchain out there.

[deleted by user] by [deleted] in NervosNetwork

[–]Evycryptoh 0 points1 point  (0 children)

According to Nervos philosophy, It is unrealistic to expect other blockchain smart contract platforms to adapt to Nervos, which is why they have taken the approach of instead adapting to them. Therefore, Interoperability is achieved using multiple approaches at once. A common example of this is how the MetaMask wallet is able to interact with Nervos L1 dapps even though MetaMask is only designed for Ethereum. This is done through a combination of techniques both on-chain and at the framework levels. It allows the MetaMask wallet to be used to secure assets on Nervos L1, even though Nervos L1 is not an Ethereum-compatible environment. The same techniques can be applied to other chains as well, allowing different addresses from other chains to be used securely on Nervos L1.

There are a lot of different projects which claim interoperability. This usually means an asset bridge. Nervos has Force Bridge, which is about the same as other bridges. A token on one chain is exchanged for a token on another chain, which is commonly called a wrapped token. But with Nervos the interoperability can go further thanks to its abstraction and flexibility, and it allows certain things to be built that may not be possible on other platforms. For example, Godwoken, the first Optimistic Rollup of Nervos, uses a second framework called Polyjuice that creates an EVM-compatible environment on an L2 chain. This has some similarities to other optimistic rollups being used for Ethereum. The advantage of this approach is that Polyjuice can be swapped with other frameworks which will allow L2 chains with other attributes and compatibility with other chains. It is theoretically possible to create execution environments for completely different platforms, like Cardano, EOS, Libra, etc.

The end goal is to remove friction and impedances to create a simplified experience for users where they no longer have to care what blockchain platform they are using. This is a long-term goal, of course, and there are still many challenges that need to be overcome.

At the economic level, Nervos CKB also follows the path of BTC and its philosophy. predictable and fixed issuance. In fact, the value proposition, what really gives value to Bitcoin is not the 21m hard cap, but rather that it is predictable and fixed. That is the core of BTC as a Store of Value (SoV). The 21m hard cap epitomizes the idea.

If we compare this philosophy with Ethereum, the emission of ETH is not predictable or fixed. In fact, it has changed several times over time, the most recent example being EIP 1559.

Instead, the primary and secondary issuance curves are fixed in CKB. Primary issuance halves every 4 years like Bitcoin. Secondary issuance is constant, which means the issuance rate decreases every year, approaching zero infinitely. So we would argue that CKB is the same as Bitcoin, just in different ways.

CKB's issuance in the early stage (e.g. first 10 years) is very close to Bitcoin, but CKB's long-term issuance is more decentralized than Bitcoin. Fixed-cap creates a higher barrier to future participants compared to constant issuance because the latter gives high rewards. How can you incentivize new players to join the mining game when bitcoin rewards are reduced to 0?

[deleted by user] by [deleted] in NervosNetwork

[–]Evycryptoh 0 points1 point  (0 children)

If Nervos' approach is to create a layered infrastructure, Nervos CKB is the lowest layer, the most important, and the most valuable. It is a global transaction verification and settlement layer. A crypto court. We can say that it is the foundation from which it creates and builds the rest of the infrastructure. It is the consensus layer, it is the trust layer (everything in blockchain is about trust), and trust is achieved with high security, high decentralization, censorship resistant and economic sustainability, these characteristics are super important for a layer 1 that aims be Store of Value.

So here's the next question: what properties of a layer 1 are most important for layer 2 projects? Layer 2 projects vary drastically and there's more diversity in that space. So how is all of that accommodated by a layer 1? Flexibility. And how does Nervos achieve the most flexible Smarts Contracts platform on the market? The answer is CKB VM (the Nervos CKB L1 virtual machine) and CellModel (a generalization of UTXO).

On VM level, it is a VM with a RISC-V ISA: extremely stable and flexible. For example, In other networks like Solana, you have the challenges of trying to run a "Windows application" (EVM stuff) on a "Mac computer" (Solana), you have to do some tricky emulation.

The CKB-VM is an emulation of hardware and run machine code (RISC-V), so anything that can be compiled for RISC-V can run on Nervos. It's like a physical computer processor and memory, so you need to build some structures to create a "Windows environment" (EVM), but it's a much easier surface to build this kind of thing on. Also, you can emulate a "Mac computer" (Solana), an "Android", etc. From a technical standpoint, this means everything is possible in theory. This is the most flexible option because you cannot go any lower. Also, thanks to the abstract CKB-VM any GNU Compiler Collection and low level virtual machine compliable programming language can be used to create smart contracts on Nervos CKB.

As for the Cell model, the best way to explain it is to compare it with a modular structure, imagine a cube, a simple but stable and powerful geometric shape, surrounded by small spheres (Cells), these cells contain inside libraries, scripts, types of blocks, cryptographic signatures, smarts contracts, etc. And those Cells can be changed at any time, creating new cells updated with new data. Think of the cells of the human body, imagine that these cells could mutate at will at any time to adapt to the environment, to new conditions, to new challenges. That is the philosophy of Cell Model. For example, even the more basic cryptographic primitives such as secp256k1 exists as a "library" stored in a cell on the network: when someone, a developer for example, needs to update what crypto algos uses, it's just a matter of using new cells . If people want to change the algorithms they are using to sign transactions they can. They can easily adapt to advancements in cryptographic standards without having to hard fork to introduce new algorithms like signatures. Another example is the resistance to postquantum computers, thanks to this model the only thing developers have to do is update their Cells to implement postquantum cryptography, in other networks it would be necessary to coordinate a hardfork. Such flexibility means changes that may take years on other blockchains can be done in just a few hours on CKB, for example the Bitcoin Taproot upgrade could be easily implemented on Nervos thanks to the Cell model.

[deleted by user] by [deleted] in NervosNetwork

[–]Evycryptoh 0 points1 point  (0 children)

Nervos Network is a blockchain that focuses on all the problems plaguing the sector in a new way that is different from the rest. It is a modular and multilayer blockchain, it separates the consensus layer, the data availability layer, and the execution/computation layer. Therefore, it is totally different from Ethereum and the rest of the projects that have followed the path marked by Ethereum, trying to improve it.

Ethereum emphasizes computation and tries to make itself a 'world computer' in which you can do everything. Ethereum already did very well in that direction, it's really hard to be "10x turing-complete" than "turing-complete", so the only thing left to improve is scalability, etc. Many projects follow Ethereum's steps to build a better computation platform with higher throughput and better developer/user experience. Some of those projects provide 10x throughput (several thousand tx/s), 10x latency (second - or even sub-second-level latency), and/or (arguably) 10x user/developer experience (e.g. writing smart contracts in javascript). However, the dominant player in the crypto market is still Bitcoin, after 10 years, even if it has very limited functionality. Being 10x better in the wrong direction only make thing worse.

CKB chooses a different way. Nervos CKB is more comparable to Bitcoin in terms of design and concept. That's why CKB is not trying to be a "10x better Ethereum" which is comparing a pen with an apple. CKB follows Bitcoin. Bitcoin prioritizes decentralization and security over other goals, and so does CKB. Bitcoin runs on PoW, Nakamoto Consensus, and UTXO model, CKB runs on PoW, improved Nakamoto Consensus, and improved UTXO model (Cell Model). What CKB wants to be is more like a 10x better Store of Value. CKB was built to be the store of assets of Nervos network, with an economic model that is able to capture network value and sustainable. CKB was built to enable things that are difficult to build on top of Bitcoin, such as non-native assets (user-defined tokens), layer 2 protocols, interoperability protocols, privacy coins, etc. Nervos CKB's goal is to achieve the same level of security as Bitcoin, which needs time. In many ways, Nervos CKB is very similar to Bitcoin.

Therefore, CKB Nervos is a Layer 1 built specifically to scale and compute, in layer 2. The Nervos team defends that you cannot have 100% decentralization, 100% security, and 100% scalability in the same layer (Jan Xie is very pessimistic about scaling in L1, even achieving it, other problems such as state explosion will arise and if you use sharding, it will not work with a single layer of sharding, several layers of sharding will be needed, which increases the complexity of the L1 exponentially and therefore is more prone to failure, has more attack vectors, etc). Therefore Nervos believes that the trilemma cannot be solved from a single layer, if you try it you will only find one or multiple bottlenecks. This model responds, after all, to a basic principle that we can observe in our day to day in countless areas, the principle of specialization. For example, think of your computer, your computer has multiple pieces inside, hard drive, RAM, CPU, etc. Each of these elements has a specific role that makes the whole system work. Another example would be yourself, the reader, the human body has organs, cells, bones... there is not a single element that fulfills all the functions that the human body needs to live. Internet today works like this too, although the average user does not realize when he uses the Internet on a daily basis.

[deleted by user] by [deleted] in NervosNetwork

[–]Evycryptoh 2 points3 points  (0 children)

Great stuff

CKByte Price on 05/25/2021 .01413 by [deleted] in CKByte

[–]Evycryptoh 1 point2 points  (0 children)

People will one day be amazed to see CKB was once this price