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This cryptocurrency, known by its ticker CKB, is the native asset of the Nervos Network, a layered blockchain architecture designed for scalability and flexibility. CKB powers the Nervos Common Knowledge Base (CKB), its Layer 1 blockchain. The network employs a Proof-of-Work (PoW) consensus mechanism, specifically a variant called Eaglesong, which aims to be energy-efficient while maintaining security. CKB's core innovation lies in its "store of assets" model, where it focuses on providing a secure and decentralized store of value and computation for decentralized applications. It addresses the blockchain trilemma by separating the secure base layer (Layer 1) from the scalable execution layers (Layer 2). This architecture allows for greater flexibility and lower transaction costs for users and developers, aiming to overcome the limitations of single-layer blockchains that struggle with scalability and high fees.
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