What is Nervos Network (CKB)

Nervos Network or CKB (CKB/USDT – Trade it here) is an open-source public blockchain ecosystem. It is a collection of protocols creating the foundation for a universal internet-like public network. Basic information for the CKB token is available on the MEXC Digital asset introduction page.

How to buy Nervos Network CKB
What is Nervos Network (CKB)

How Does it Work

Nervos CKB (common Knowledge Base) is a layer 1 blockchain. It is a decentralized and secure layer that provides the network with common knowledge custody. Common knowledge means states that are verified by global consensus. For example, crypto assets are common knowledge.

CKB and all layer 2 protocols in Nervos Network collaborate to run the crypto-economy. Layer 2 is the generation layer that handles most transactions and produces new states. On the other hand, Layer 1 (CKB) specifies and stores the state. Layer 2 participants eventually transmit newly created states to CKB when they think it is essential.

Their layered design isolates states and computation. This allows each layer to be more flexible and scalable.CKB is the Nervos Network’s lowest layer. It is also the biggest and most secure consensus. However, various applications might require different consensus scopes. If we mandate all apps to utilize CKB’s consensus, that would be impractical. Therefore, applications can select the best generating method depending on their own requirements.

CKB is also the native token for Nervos Network. A CKB holder can gain access to a portion of the network’s overall state storage. For example, you can create a 1,000-byte cell with 1,000 CKB tokens. Alternatively, you can create different cells on the Nervos blockchain that totals up to 1,000 bytes.

Recent Price & Performance of Nervos Network (CKB)

Currently, the market price for CKB is $0.002518 per unit. They have a market cap of $84,327,263 and a fully diluted market cap of $92,776,696. You can check the live price of their token right here!

How to buy The Nervos Network (CKB)

You can buy Nervos Network (CKB) on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “CKB” using the search bar to see the available trading pairs. Take CKB/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of CKB you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy CKB] to confirm your order. You will find the purchased CKB in your Spot Wallet.

You can find a detailed guide on how to buy CKB token here.

Keep Yourself Updated With The Crypto Trend

Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!

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