The reason why ckb coins rose to 4 yuan each is mainly because this kind of virtual currency is rising. The value of such things as Bitcoin has also been speculated. Therefore, this situation is mainly determined based on the market. It is normal to have rises and falls!
CKB coin is the native token circulating in Nervos Network, with a total supply of 33600000000. Nervos Network is an open source public chain ecosystem, including a set of mutually compatible layered protocols with blockchain technology as the core to solve the problem of Blockchain scalability dilemma. Nervos CKB is the underlying public chain based on the PoW consensus mechanism in the Nervos Network.
Blockchain is essentially a shared database. From a technological perspective, blockchain involves many scientific and technical issues such as mathematics, cryptography, Internet and computer programming. It has the characteristics of decentralization, non-tampering, full traces, traceability, collective maintenance, openness and transparency.
Blockchain is an important concept of this currency. It is a virtual encrypted digital currency in the form of P2P. It was first proposed by Satoshi Nakamoto on November 1, 2008, and was officially born on January 3, 2009. , does not rely on the issuance of a specific monetary institution, it is generated through a large number of calculations based on a specific algorithm.
ckb is the bottom public chain based on the PoW consensus mechanism in Nervos Network. While allowing any encrypted assets to be secure, reliable and approval-free, it can support smart contracts and second-layer expansion plans, and the encryption economic design based on "value storage" enables the original ecological token CKBytes to capture the entire Internet. The market value and today’s trading popularity are still very optimistic.
CKB Advantages and Disadvantages AnalysisAdvantages of the project: The CKB project has been supported by three virtual wallets: CONO Wallet, Bitpie and iMTOKEN. There are many investment organizations and they have several years of practical experience in scientific research and development. Technically, the Nervos DAO based on smart contracts only saves interest rate calculations, thus reducing the entry threshold for users. The entire process is automatically prepared by smart contracts to generate profits, which is conducive to stimulating miners to continue mining coins, thereby enhancing the consensus among miners.
Disadvantages of the project: The investment volume of CKB is too large, with an unlimited fixed increase of 1.344 billion per year. The cost of mining is too low, which will lead to too low selling orders in the market, and there will be no change in the token price. kind of market value.
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