Messari’s New Report Acknowledges Nervos CKB as a Recreation-Changer for Bitcoin’s Scalability and Programmability

HANGZHOU, 中国, June twenty second, 2024, Chainwire

In a groundbreaking evaluation, main cryptocurrency analysis agency Messari has printed a complete overview of the Nervos Community (CKB), spotlighting its pivotal function in enhancing Bitcoin’s technological framework. The report particulars how Nervos leverages its modern Layer-1 blockchain and RGB++ protocol to deal with crucial scalability and programmability challenges inside the ecosystem.

In keeping with the report, Nervos Community not solely expands on Bitcoin’s basic applied sciences but additionally introduces important enhancements with its Cell Mannequin and CKB-VM. These developments facilitate extra complicated functions and transactions on the blockchain with out sacrificing the core rules of decentralization and safety.

Messari’s analysis additional highlights the RGB++ protocol, an evolution of the unique RGB protocol that permits good contracts and asset issuance straight on Bitcoin’s blockchain. Since its implementation, the RGB++ protocol has pushed a notable enhance in community exercise, together with an 181% month-over-month progress in new addresses this April, demonstrating the group’s sturdy reception and the protocol’s influence.

The mixing of fee channels with the Lightning Community can also be underway, which guarantees to make the Nervos Community extra scalable and versatile for numerous blockchain functions. This growth is poised to additional cement CKB’s place as a necessary layer for Bitcoin’s operation and accessibility.

“Messari’s report reaffirms our perception within the Nervos CKB’s Bitcoin-native strategy to fixing long-standing points within the Bitcoin house,” mentioned Baiyu, CKB Eco Fund Lead. “As we proceed to innovate and develop our ecosystem, this recognition underscores the numerous potential of CKB to assist Bitcoin’s evolution right into a extra strong and versatile blockchain platform.”

The entire report by Messari not solely sheds gentle on the technical deserves of the Nervos Community but additionally positions it as a formidable contender within the blockchain house, able to driving future improvements and growing the general utility of Bitcoin.

For extra data and to entry the total report, customers can go to https://messari.io/report/understanding-nervos-network .

About Nervos CKB:

CKB is the primary totally BTC-isomorphic L2 (PoW+UTXO), providing a extra decentralized, safe, and Bitcoin-compatible L2 answer.

CKB scales Bitcoin’s programmability and interoperability with RGB++ protocol, which maps Bitcoin UTXOs to CKB Cells, enabling the seamless switch of Bitcoin L1 UTXO-based property resembling Ordinals, Atomicals, and Taproot, to CKB with none cross-chain bridge and vice versa. UTXO Stack, a Bitcoin L2 “OP Stack” secured by CKB and powered by RGB++, permits high-performance parallel chains, providing near-unlimited scalability with out compromising safety. CKB Lightning Community will join with Bitcoin’s Lightning Community, facilitating a bi-directional, censorship-resistant, permissionless and trustless stream of property between the 2 networks.

CKB mainnet launched in Nov. 2019 and accomplished its first mining reward halving in Nov. 2023.

ContactCKB Eco Fund MKTKelly JinCKB Eco Fundkelly@nervos.org

This text was initially printed on Chainwire