In a pivotal analysis, renowned cryptocurrency research firm Messari has unveiled a detailed report on the Nervos Network (CKB), underscoring its significant contributions to enhancing Bitcoin’s technological capabilities. The report illustrates how Nervos leverages its advanced Layer-1 blockchain and RGB++ protocol to tackle essential scalability and programmability challenges within the Bitcoin ecosystem.
According to Messari, Nervos Network not only builds on Bitcoin’s foundational technologies but also introduces critical improvements through its Cell Model and CKB-VM. These innovations allow for more sophisticated applications and transactions on the blockchain without compromising decentralization and security.
Messari’s research also emphasizes the RGB++ protocol, an enhancement of the original RGB protocol, which enables smart contracts and asset issuance directly on Bitcoin’s blockchain. This protocol has driven substantial network activity, evidenced by an 181% month-over-month increase in new addresses this April, showcasing strong community adoption and the protocol’s significant impact.
The integration of payment channels with the Lightning Network is also progressing, promising to enhance the Nervos Network’s scalability and versatility for various blockchain applications. This development aims to solidify CKB’s role as a vital layer in Bitcoin’s ecosystem.
“Messari’s report reaffirms our confidence in Nervos CKB’s Bitcoin-native approach to resolving longstanding issues in the Bitcoin space,” said Baiyu, CKB Eco Fund Lead. “As we continue to innovate and expand our ecosystem, this recognition highlights CKB’s substantial potential to bolster Bitcoin’s evolution into a more robust and versatile blockchain platform.”
The comprehensive report by Messari not only details the technical strengths of the Nervos Network but also positions it as a formidable player in the blockchain industry, capable of driving future innovations and increasing Bitcoin’s overall utility.
For more information and to access the full report, visit Messari’s Report on Nervos Network.
About Nervos CKB:
Nervos CKB is the first fully BTC-isomorphic Layer 2 (PoW+UTXO), providing a more decentralized, secure, and Bitcoin-compatible Layer 2 solution. It scales Bitcoin’s programmability and interoperability with the RGB++ protocol, which maps Bitcoin UTXOs to CKB Cells. This enables seamless transfer of Bitcoin L1 UTXO-based assets, such as Ordinals, Atomicals, and Taproot, to CKB without any cross-chain bridge, and vice versa. The UTXO Stack, a Bitcoin Layer 2 “OP Stack” secured by CKB and powered by RGB++, offers high-performance parallel chains, ensuring near-unlimited scalability without compromising security. The CKB Lightning Network will connect with Bitcoin’s Lightning Network, facilitating a bi-directional, censorship-resistant, permissionless, and trustless flow of assets between the two networks. The CKB mainnet launched in November 2019 and completed its first mining reward halving in November 2023.
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