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Nervos Network is a collection of protocols and public blockchain ecosystem aiming to solve the biggest challenges facing blockchains like Bitcoin and Ethereum today.
The Nervos blockchain, also known as the Common Knowledge Base, is the bottom-most layer in the Nervos Network. It serves as a foundation to build on and provides trust to all layers built on top. It is designed to maximize decentralization while remaining minimal, flexible, and secure. Its main purpose is the reliable preservation of any data and assets stored within it.
The native token of Nervos is known as the CKByte, or CKB for short. One CKByte token entitles the holder to one byte of data storage on Nervos. The CKByte is also used to pay any fees associated with transactions and computation.
If you need to store 100 bytes of data in Nervos blockchain, you must own 100 CKBytes. While your data is occupying space on Nervos blockchain, your CKBytes will remain locked. If your data is no longer needed and you remove it from Nervos blockchain, then the 100 CKBytes can be used for other purposes.
CKBytes can also be deposited in the Nervos DAO where they gain interest in a process similar to staking.
The best way to purchase the $CKB token is to visit one of the exchanges listed below.
👇**Please click the button to see detailed contents**👇