Today, I would like to take a closer look at an intriguing project - Nervos Network ( CKB is native token).
-Problem In the early days of the internet, special access and communication techniques were required for apps to run on different networks. Now, in the decentralized world, we are seeing a similar division into multiple ecosystems that lack compatibility. To provide some context, consider the two major players, Cardano and Ethereum. If a Dapp were built on either of these platforms and there was a need to switch to another blockchain, changing the entire code becomes incredibly difficult. Similarly, if a user were to earn NFTs while playing a game on Ethereum, those same NFTs would not be compatible with a new game launched on Cardano. This creates a significant hurdle for average users and further complicates the already complex blockchain ecosystem.
-СKB's approach The Nervos Network is addressing the issue of poor blockchain compatibility by providing a set of integrated solutions that enable developers to create Universal Apps. As a layer 1 blockchain for all other crypto blockchains, Nervos offers cryptographic neutrality, allowing access to all other smart contracts. While Nervos acknowledges the difficulty in solving the blockchain trilemma, it has opted to focus on security and decentralization instead of scalability. Layer 2 solutions naturally solve scalability issues within the Nervos infrastructure. The CKB token derives its value from the fact that it represents storage on Nervos. Each CKB equals one byte of storage, creating a natural scarcity. As Nervos grows, the need for more CKB increases. Additionally, Nervos uses the battle-tested POW consensus (mining), which introduces more CKBytes into circulation.
Nervous Network shares similarities with Polkadot in that they both facilitate the building of L2 chains for interoperability. However, while Polkadot holds auctions for its parachain slots, Nervous uses a "storage space cost" mechanism to maintain the network's integrity. For Nervous to succeed in the long term, it needs to attract good developers, users, and funds. The lack of investment in marketing is concerning as it can hinder the project's growth (It does have a significant impact, the key is to ensure it doesn't become a fatal mistake).
Another concern is Nervous' partnership with the Chinese government, which raises questions about the project's independence and the potential for government interference. It is the one that worries me the most. While some may view the government's blessing as a seal of quality, others worry that it could stifle the project's development. Nervous' value may diminish if it submits to the Chinese Communist Party's dictates, which would alienate western-oriented and free-thinking individuals. On the other hand, if it manages to escape China's control, it may lose its appeal to China. The current political climate adds to the uncertainty, and it remains to be seen how Nervous will fare under these conditions. I used to have faith in a peaceful and interconnected globalized world, until recent events such as the Beijing's actions in Hong Kong, the emergence of a virus from Wuhan, and a Russian waging war against Western. Given these conditions, it's worth questioning the future of a Chinese-American company. While the doubts are not related to the team or the technology, they stem from the broader political context, and the stance of the Chinese government towards Nervous is uncertain.
Souce: nervos.org; docs.nervos.org; medium.com/@nervosnetwork Show Less
