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Nervos Network

Nervos Network priceCKB

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CKB
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1 CKB = 0.01531 USD
Last updated 2024-05-23 22:41:08(UTC-0)

Nervos Network price live data summary

The live price of Nervos Network is $0.01531 per (CKB / USD) today with a current market cap of $676.83M USD. The 24-hour trading volume is $37.78M USD. CKB to USD price is updated in real time. Nervos Network is -2.66% in the last 24 hours. It has a circulating supply of 44,215,464,000 .

What is the highest price of CKB?

CKB has an all-time high (ATH) of $0.04412, recorded on 2021-03-31.

What is the lowest price of CKB?

CKB has an all-time low (ATL) of $0.002083, recorded on 2022-12-20.

Nervos Network price prediction

Set your prediction

What will the price of CKB be in 2025?

Based on CKB's historical price performance prediction model, the price of CKB is projected to reach $0.02265 in 2025.

What will the price of CKB be in 2030?

In 2030, the CKB price is expected to rise by +4.00%. By the end of 2030, the CKB price is projected to reach $0.04576, with a cumulative ROI of +198.91%.
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Nervos Network price performance in USD

24h7d30d90d1yAll-time
-2.66%+4.37%-18.99%+49.81%+336.23%+69.09%

Nervos Network price history in USD

TimeLowHigh
24h$0.01464$0.01595
7d$0.01451$0.01757
30d$0.01389$0.02166
90d$0.01001$0.03780
1y$0.002486$0.03780
All-time$0.002083(2022-12-20, 1 years ago )$0.04412(2021-03-31, 3 years ago )

Nervos Network market information

Market cap
$676,827,038.59
-2.66%
Fully diluted market cap
$687,375,021.3
-2.66%
Volume (24h)
$37,779,947.96
-17.43%
Market rankings
Circulation rate
+98.00%
24h volume / market cap
0.0558
Circulating supply
44,215,464,000 CKB
Total supply / Max supply
44.9B CKB
-- CKB

Nervos Network ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Nervos Network Social Data

In the last 24 hours, the social media sentiment score for Nervos Network was 3, and the social media sentiment towards Nervos Network price trend was Bullish. The overall Nervos Network social media score was 344, which ranks 454 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Nervos Network being mentioned with a frequency ratio of 0.01%, ranking 227 among all cryptocurrencies.

In the last 24 hours, there were a total of 425 unique users discussing Nervos Network, with a total of Nervos Network mentions of 98. However, compared to the previous 24-hour period, the number of unique users decrease by 7%, and the total number of mentions has decrease by 11%.

On Twitter, there were a total of 2 tweets mentioning Nervos Network in the last 24 hours. Among them, 0% are bullish on Nervos Network, 0% are bearish on Nervos Network, and 100% are neutral on Nervos Network.

On Reddit, there were 79 posts mentioning Nervos Network in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 23% .

All social overview

Average sentiment(24h)
3
Social score(24h)
344(#454)
Social contributors(24h)
425
-7%
Social mentions(24h)
98(#227)
-11%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
2
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
94
Reddit posts(24h)
79
-23%
Reddit comments(24h)
0
0%

About Nervos Network(CKB)

What Is Nervos Network?

Nervos Network is an open-source blockchain platform, founded in 2018, designed to address the challenges of scalability and interoperability in the blockchain ecosystem. It employs a unique layered architecture, consisting of both Layer 1 and Layer 2 blockchains, to optimize different functionalities within the network. The foundational layer, known as the Common Knowledge Base (CKB), serves as the consensus engine and smart custodian, utilizing a proof-of-work consensus model and prioritizing security and decentralization. This layer is also the platform’s base layer, providing a store of value and executing smart contracts, with its native utility token called CKB.

Nervos Network's layered structure is akin to the human nervous system, with each layer serving a distinct purpose, enabling the creation of universal applications that can operate across various chains in the ecosystem. This innovative approach aims to foster a truly peer-to-peer crypto-economy network, allowing developers to build decentralized applications (DApps) that can interact seamlessly with other blockchains, thus eliminating the frustrations of multiple wallets, exchanges, and seed phrases.

Resources

Whitepaper: https://github.com/nervosnetwork/rfcs/blob/master/rfcs/0002-ckb/0002-ckb.md

Official Website: https://www.nervos.org/

How Does Nervos Network Work?

Nervos Network operates on a dual-layered blockchain. The first layer, the Common Knowledge Base (CKB), is a general-purpose proof-of-work blockchain that acts as the network's security and validation mechanism. It is designed to be stateful and features a Turing Complete virtual machine that supports application processing requirements using smart contracts. This layer is optimized to verify and settle transactions, acting as a trust anchor and providing additional security to the upper layers.

The second layer is the computation layer, responsible for off-chain processing of transactions and generation of new states of the blockchain. It hosts several DApps and is designed for high-performance transactions and privacy protection, allowing developers to execute the functions of their DApps efficiently. This layered approach enables parallel processing of transactions and application activities, achieving scalability without compromising network security. It also allows various Layer 2 blockchains to leverage the storage and processing capabilities of the mainnet, enhancing interoperability and flexibility within the network.

Nervos Network also features a unique economic model designed to incentivize all participants, including users, developers, and node operators, to contribute to the platform's success while maximizing the utility of blockchain technology. This model allows the platform to scale and grow organically, ensuring the sustainable value of CKB tokens and protecting them from secondary issuance dilution.

What Is CKB Token?

The CKB token, or Common Knowledge Byte coin, is the native token of the Nervos Network. It represents state storage units within the network, allowing token holders to purchase space on the blockchain. For instance, a holder with 1,000 CKB tokens can create a 1,000-byte cell or have multiple cells all adding up to 1,000 bytes on the Nervos blockchain. This unique approach prevents low-quality DApps from occupying unnecessary space and causing congestion on the chain, addressing the issues of high gas fees and scalability.

CKB tokens are also used to reward miners with block rewards and transaction fees, and they play a crucial role in executing smart contracts and enabling the entire ecosystem's flexibility. The tokenomics of CKB are meticulously designed, with a limited amount of tokens offered during the main issuance and a secondary issuance aimed at operational support of the project, including rewarding miners and depositors.

Nervos Network's Impact on Finance

Nervos Network is poised to make a significant impact on the financial sector by addressing the critical issues of interoperability and scalability that plague many existing blockchain networks. Its innovative layered design and unique economic model offer a scalable, secure, and interoperable blockchain solution, enabling the development of universal applications that can run on any blockchain network.

By solving the problems of interoperability and scalability, Nervos Network facilitates the mass adoption of blockchain technology, allowing users and developers to fully harness the benefits of decentralized finance (DeFi). Its approach to using tokens to “hold space” on the blockchain is a first-of-its-kind innovation with positive ramifications for blockchain infrastructure, potentially revolutionizing the way decentralized applications are built and interact with one another.

What Determines Nervos Network's Price?

The price of Nervos Network's native token, CKB, is influenced by a myriad of factors, much like other assets in the cryptocurrency market. Cryptocurrency price predictions for CKB are often derived from meticulous cryptocurrency analysis and examination of cryptocurrency charts, reflecting the token's historical performance, supply and demand dynamics, and prevailing market conditions. The cryptocurrency news also plays a pivotal role in shaping the perceptions and sentiments of cryptocurrency enthusiasts, experts, and the broader crypto community, potentially impacting the token's price movements. Developments in cryptocurrency regulation can also have significant repercussions, as regulatory clarity or uncertainties can either foster or hinder cryptocurrency adoption, respectively.

Market trends and cryptocurrency trading strategies adopted by investors and traders can also sway the price of CKB. The cryptocurrency market is renowned for its inherent volatility, and sudden price fluctuations can be triggered by speculative trading, macroeconomic factors, and changes in investor sentiment. Cryptocurrency risks, including security vulnerabilities and the potential for cryptocurrency scams, can also affect investor confidence and, subsequently, the token's value. Additionally, buying and selling activities on leading exchanges such as Bitget can influence the token's liquidity and price.

Looking ahead to 2023 and beyond, the trajectory of CKB's price will likely be shaped by ongoing developments within the Nervos Network, broader trends in the cryptocurrency market, and the evolving landscape of blockchain technology. As the network continues to innovate and foster a conducive environment for the development of decentralized applications, it could potentially become one of the best crypto investments for 2023. However, prospective investors are advised to conduct thorough research, consider cryptocurrency security aspects, and employ prudent crypto portfolio management practices before making investment decisions.

How to buy Nervos Network (CKB)

Buying Nervos Network on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Nervos Network (CKB) .

Trade CKB perpetual futures

After having successfully signed up on Bitget and purchased USDT or CKB tokens, you can start trading derivatives, including CKB futures and margin trading to increase your income.

The current price of CKB is $0.01531, with a 24h price change of -2.66%. Traders can profit by either going long or short onCKB futures.

Join CKB copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or CKB tokens, you can also start copy trading by following elite traders.

Nervos Network news

See more
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CKB Community Members Propose Nostr Binding Protocol for Creating and Distributing Native Assets

PANews2024/05/23 10:51
profileImg

Crypto Quick Take on May 11

Bitget2024/05/11 04:18
profileImg

CKB: A New Chapter in Bitcoin Programmability

In the foreseeable future, the growth curve of Bitcoin's programmability will enter an accelerated growth phase, and the assets, users, and applications of the Bitcoin ecosystem will usher in a wave of explosive growth in the Cambrian era.

Chaincatcher2024/05/10 03:55
profileImg

CKB Ecological Fund announced that it has strategically invested in the Stable++ protocol

Bitget2024/04/24 07:29
profileImg

Deposit to mine CKB!

Bitget Announcement2024/04/19 10:00

People are also inquiring about the price of Nervos Network.

What is the current price of Nervos Network?

We update our Nervos Network to USD price in real time. Get the live Price of Nervos Network on Bitget.

What is the 24 hour trading volume of Nervos Network?

Over the last 24 hours, the trading volume of Nervos Network is $37.78M.

What is the all-time high of Nervos Network?

The all-time high of Nervos Network is $0.04412. This all-time high is highest price for Nervos Network since it was launched.

Can I buy Nervos Network on Bitget?

Yes, Nervos Network is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Nervos Network guide.

Can I get a steady income from investing in Nervos Network?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Nervos Network with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is use case of Nervos Network?

The Nervos Network (Nervos CKB) is a Layer-1 blockchain with the following key use cases: - Data and Asset Management: Nervos securely manages data and assets, offering decentralized custody services. - Universal Applications: It serves as a blockchain platform for versatile applications beyond cryptocurrencies. - Customized Tokens: Developers can create unique digital assets and tokens on the network. - Decentralized Computation: Nervos supports complex dApps with on-chain data storage. - High-Performance Virtual Machine: The CKB-VM enables efficient execution of smart contracts. - Proof-of-Work Consensus: It uses the NC-MAX PoW algorithm for security and scalability.

Is Nervos Network a good investment?

Investing in Nervos CKB token may be appealing due to its potential in the Web3 and scalable blockchain space. As Web3 adoption grows, demand for ecosystems like Nervos could boost CKB's value. More developers building on Nervos and upgrades could enhance its appeal, driving up CKB's value.

What consensus algorithm does Nervos Network use?

Nervos employs the NC-MAX Proof-of-Work (PoW) consensus, inspired by Bitcoin's Nakamoto consensus, to provide robust security, decentralization, and efficient network bandwidth use. It enhances block propagation, throughput, and resistance to selfish mining compared to Bitcoin. PoW is chosen over PoS for its security, deterrence of monopolization, and deterministic node rewards. Unlike Bitcoin, Nervos achieves higher throughput, lower confirmation times, and scalability through layer-2 solutions, offering transaction speeds ten times faster than Ethereum on its layer-1 network.

What is the history of Nervos Network?

Nervos Network, established in 2018, focuses on improving Layer-1 scalability for blockchain networks supporting smart contracts. Its mainnet launched in November 2019. The project is led by a diverse team of over 95 developers with expertise in various fields. Following its mainnet launch, Nervos introduced key features like Forcebridge Ethereum and Forcebridge Binance Smart Chain. It also launched Godwoken, an EVM-compatible Layer-2 network, to enhance scalability. In 2022, a hard fork led to the Mirana mainnet launch, while Godwoken became an independent organization with full Ethereum compatibility. Developers also worked on Axon, a sidechain SDK for high-throughput dApps, reducing data storage needs on the Layer-1 Nervos CKB network.

What makes Nervos Network unique?

Unique Features of Nervos Network (CKB): - Dual-Layer Architecture: Nervos employs a dual-layer architecture that combines the security of a PoW (Proof-of-Work) blockchain with the scalability of an off-chain scaling solution. This approach enhances interoperability, scalability, and performance. - PoW Consensus: Nervos utilizes a PoW consensus mechanism, a variant of the SHA-256 system introduced by Bitcoin's founder, Satoshi Nakamoto. This PoW mechanism is optimized for faster transaction times and decentralization. It features a tri-node structure involving miners, full nodes, and light nodes. - CKB Token: The CKB (Common Knowledge Base) token is Nervos Network's primary utility token. It resides on the Common Knowledge Base blockchain, offering excellent scalability and enabling rapid cross-border transactions. The token is designed with some store-of-value properties. These unique features set Nervos Network apart by providing a secure, scalable, and interoperable blockchain ecosystem with a distinctive consensus mechanism and a versatile utility token.

Can I stake Nervos Network (CKB) coins?

Nervos DAO is Nervos Network's official staking platform, allowing investors to earn passive CKB token income by locking their holdings. It operates directly, eliminating third-party involvement and potential freezing of holdings. Staking with Nervos DAO also shields against dilution from secondary coin issuance, making it profitable for idle assets in your wallet.
Cryptocurrency investments, including buying Nervos Network online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Nervos Network, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Nervos Network purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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