nervos-network
Nervos Network
CKB
$0.02

Sector

POW

Exchange Debut

2019-11-14

Market Cap

690,108,069

Maxim Supply

Circulating Supply

43,641,429,368

Circ. Supply(%)

nervos-network

Nervos Network

CKB

Price

$0.02

Market Cap

Sector

Exchange Debut

690,108,069
2019-11-14

Volume 24h

High 24h

Low 24h

44636132
0.016080887724
0.014944158674

Change 24h

Change 7d

Change 30d

-1.4229
48.6595
291.8823

Maxim supply

Circulating supply

Circulating supply(%)

43,641,429,368

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Nervos Network – CKB cryptocurrency:

 

The Nervos Network – CKB emerges as a significant player in the blockchain ecosystem, characterized by its dual-layer architecture and a commitment to facilitating a comprehensive crypto-economy network. With its mainnet launch in November 2019, Nervos has focused on providing secure and scalable blockchain services. The fundamental analysis of the Nervos Network – CKB cryptocurrency reveals an overall score of 6.80 out of 10, indicating a blend of strengths and areas for improvement across various facets of its operation.

SOCIAL & MASS MEDIA: Score 7 out of 10

Nervos Network’s presence in social and mass media reflects a moderate level of engagement and influence. It achieves a balanced score of 7 out of 10, with its highest strength being its presence in the media (9 out of 10) and community activity on social media pages (8 out of 10). However, the project shows room for improvement in attracting followers and engaging community members more actively, as reflected in the lower scores in these areas.

AUDIT & SECURITY: Score 6.85 out of 10

The audit and security aspects of the Nervos Network score 6.85 out of 10. This score, derived from audit results and transparency in public information, indicates a robust but not exceptional level of security and transparency practices. The liquidity on exchanges is a positive aspect, though the overall score suggests there is room for enhancement in these critical areas.

TOKENOMICS: Score 6.85 out of 10

In terms of token economy, Nervos Network scores a 6.85 out of 10. The project excels in managing inflation, as indicated by a perfect score in this subcriterion. However, the degree of centralization in the monetary mass is a significant concern, scoring only 1 out of 10, pointing to a need for more decentralization in token distribution and management.

ECOSYSTEM DEVELOPMENT: Score 6.8 out of 10

The ecosystem development of Nervos Network achieves a score of 6.8 out of 10. This score is a result of its efforts in achieving set objectives and plans for future developments. The project shows a steady pace in reaching its goals and implementing new features, but there is potential for more rapid and significant progress.

TEAM & DEVELOPERS: Score 6.56 out of 10

The team behind Nervos Network, including software developers, scores 6.56 out of 10. This reflects a competent team with relevant experience, but there is a noticeable need for expanding the team, especially in software development, to enhance the project’s capabilities and innovation.

PRODUCT & UTILITY: Score 6.88 out of 10

Nervos Network’s product and utility score is 6.88 out of 10. The high utility of the product (8.8 out of 10) is a strong suit, showcasing its effectiveness and relevance in the blockchain space. However, the lower score in the utility of tokens within the ecosystem suggests a need for better integration and usage of the tokens.

PARTNERS & INVESTORS: Score 6.5 out of 10

In the realm of partners and investors, Nervos Network scores 6.5 out of 10. While the project has attracted notable investors, scoring 9 out of 10 in this subcriterion, it falls short in the number and quality of partnerships, scoring only 4 out of 10. This indicates an area where the project could greatly benefit from strategic collaborations and partnerships.

Fundamental analysis of the Nervos Network-CKB cryptocurrency – The final conclusion

Conducting a fundamental analysis of the Nervos Network – CKB cryptocurrency, we observe a project with a solid foundation and clear potential for growth. The overall score of 6.80 out of 10 suggests a balanced mix of strengths and weaknesses. The project excels in areas like media presence, product utility, and managing inflation. However, it faces challenges in community engagement, token distribution centralization, and expanding its partnership network. From an investment perspective, Nervos Network presents a promising but cautious opportunity. Investors should consider the potential for growth against the evident areas for improvement, especially in terms of ecosystem development and team expansion. As the network continues to evolve, it may present increasingly attractive prospects, provided it addresses its current shortcomings.

What is Nervos Network?

 

Nervos Network (CKB) is a public blockchain ecosystem, launched in November 2019. It operates as an open-source platform focused on establishing a decentralized peer-to-peer crypto-economy. This network facilitates a range of secure blockchain services and features for its users.

Architecture and Functionality

The network’s unique architecture comprises two primary layers. The first, known as the Common Knowledge Base, serves as the foundation layer. Here, the network’s consensus mechanism and smart assets reside, utilizing the Proof-of-Work (PoW) protocol. This layer is crucial for maintaining network safety and managing resources, supported by its native cryptocurrency, CKByte (CKB). The second layer is dedicated to computation, handling real-time transaction processing and enabling the development of decentralized applications (dApps) and smart contracts. This dual-layer design not only enhances security but also ensures scalability and efficient data sharing.

The Founders and Development Team

The Nervos Foundation, headquartered in China, spearheaded the creation of the Nervos Network. Formed in 2018, the core team includes researchers, engineers, and developers. The platform was co-founded by Terry Tai, Daniel Lv, and Kevin Wang, each bringing unique expertise from previous ventures in technology and blockchain development.

Unique Characteristics

Nervos Network stands out due to its multilayered structure and support for multiple assets. Its open-source nature and the versatility of its technology have been central to its design philosophy. The network’s economic model is both scalable and participant-driven, promoting growth through active engagement with its features. Users benefit from a decentralized, open, and censorship-resistant platform, with costs for asset storage based on usage and duration.

Fundamental analysis of the Nervos Network-CKB cryptocurrency

Nervos Network-CKB performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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