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<p>Nervos Network’s CKB token pumped 50% today after Upbit <a href="https://upbit.com/service_center/notice?id=4496" target="_blank" rel="noopener noreferrer nofollow">announced</a> it will list the token at 16 UTC. This price jump has propelled CKB’s market cap to nearly $600 million, making it one of the top gainers among the top 100 cryptos.</p>
<p>Starting today, Upbit will support CKB/KRW, BTC, and USDT trading pairs, expanding the token’s accessibility to traders.</p>
<p>Upbit is one of the largest crypto exchanges in Asia, so this is big news for CKB holders.</p>
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   <p lang="en" dir="ltr">South Korea's largest exchange Upbit will launch Nervos (CKB) at 16:00 today, supporting KRW, BTC, and USDT trading pairs. Nervos is an L1 blockchain established in 2018, and has promoted the technical concept of RGB++ this year. <a href="https://t.co/CZDgfKOGXB" target="_blank" rel="noopener noreferrer nofollow">https://t.co/CZDgfKOGXB</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1834484100520182049?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 13, 2024</a>
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<h2 class="wp-block-heading" id="what-is-nervos-network-ckb">What is Nervos Network (CKB)?</h2>
<p>Nervos Network is a layered blockchain platform designed to address some of the most pressing challenges in the cryptocurrency space. At its core, Nervos aims to provide a scalable and interoperable infrastructure for the decentralized economy.</p>
<p>The network is built on a two-layer architecture:</p>
<ol class="wp-block-list">
 <li>Layer 1 (CKB): This foundational layer prioritizes security and decentralization. It employs a unique consensus mechanism called NC-MAX, an evolution of the traditional Proof-of-Work (PoW) model. NC-MAX enhances block propagation and throughput while maintaining robust security against potential attacks like selfish mining. The CKB layer acts as a “cryptographic court,” verifying transactions and state transitions to ensure the integrity of off-chain activities.</li>
 <li>Layer 2: Built on top of CKB, these layers handle computation and state generation, enabling high-performance transactions. This separation allows for millions of transactions per second without compromising the security provided by the base layer.</li>
</ol>
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<h2 class="wp-block-heading" id="key-features-of-nervos-network">Key Features of Nervos Network</h2>
<p>Nervos Network boasts several innovative features that set it apart in the blockchain landscape:</p>
<ol class="wp-block-list">
 <li>Consensus Mechanism: The NC-MAX consensus mechanism optimizes block propagation and throughput, ensuring quick validation of transactions and resilience against attacks.</li>
 <li>Cell Model: Data on the Nervos Network is represented through a Cell Model, where each cell acts as a unit for storing data and can execute smart contracts. This model ensures data immutability and integrity.</li>
 <li>CKB-VM: The Nervos Virtual Machine (CKB-VM) is based on the RISC-V instruction set, providing a flexible environment for developers to create smart contracts and dApps. This design supports a wide range of cryptographic primitives, enhancing interoperability with other blockchains.</li>
</ol>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/where-is-the-xrp-price-headed-next-following-grayscales-launch-of-xrp-trust/" target="_blank" rel="noopener noreferrer nofollow">Where Is The XRP Price Headed Next Following Grayscale’s Launch of XRP Trust?</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/nervos-network-ckb-price-explodes-amid-huge-exchange-listing/" rel="noopener noreferrer nofollow">Nervos Network (CKB) Price Explodes Amid Huge Exchange Listing</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Nervos Network (CKB) Price Explodes Amid Huge Exchange Listing

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