What exactly is Nervos Network(CKB)?

 CKB, or Nervos Network, is an open-source public blockchain ecosystem. It is a set of protocols that serves as the foundation for a universal internet-like public network.

How Does It Function?

Nervos CKB (common Knowledge Base) is a blockchain at layer 1. It is a decentralized and secure layer that provides common knowledge custody to the network. Common knowledge refers to states that have been validated by global consensus. Crypto assets, for example, are well-known.

The crypto-economy is run by CKB and all layer 2 protocols in Nervos Network. Layer 2 is the generation layer, which handles the majority of transactions and generates new states. Layer 1 (CKB) on the other hand specifies and stores the state. When layer 2 participants believe it is necessary, they will transmit newly created states to CKB.

Their layered architecture separates states and computation. This makes each layer more adaptable and scalable. The Nervos Network's lowest layer is CKB. It is also the largest and most secure agreement. However, different applications may necessitate different consensus scopes. It would be impractical to require all apps to use CKB's consensus. As a result, applications can choose the best generating method based on their own needs.

CKB is also the Nervos Network's native token. A CKB holder has access to a subset of the network's total state storage. For example, 1,000 CKB tokens can be used to create a 1,000-byte cell. Alternatively, you can create different Nervos blockchain cells totaling up to 1,000 bytes.

Nervos Network's Recent Price and Performance (CKB)

CKB is currently trading at $0.002518 per unit on the market. They have a market capitalization of $84,327,263 and a fully diluted market capitalization of $92,776,696.

How to Purchase The Nervos Network (CKB)

Follow these steps to purchase Nervos Network (CKB) on MEXC:

1.Log in to your MEXC account and then select [Trade]. Select [Spot].

2.To see the available trading pairs, type "CKB" into the search bar. Consider the CKB/USDT pair.

3.Scroll all the way down to the [Spot] box. Enter the amount of CKB you wish to purchase. You can place a Limit order, a Market order, or a Stop-limit order. Consider the Market order. To confirm your order, click [Buy CKB]. The CKB you purchased will be stored in your Spot Wallet.