CKB rose over 100% in a week! Ambush Nervos Network and RGB++ Protocol JoyID Wallet Tutorial

This site (120BTc.coM): With the countdown to the Bitcoin halving in the tens of days, the market is increasingly looking forward to the Bitcoin ecosystem breaking out again. The focus of attention includes but is not limited to the following Several directions:

• BRC20 tokens that detonated market hot spots in the past: $Ordi, $Sats, $Rats...etc.

• Bitcoin Ecology Potential currencies: $BVM, $MUBI, $ORDS... etc.

• There have been multiple projects on the market that have announced airdrops for rune holders, including: Runestone, RSIC METAPROTOCOL, Rune Pups and more (can be viewed in Magic Eden’s Pre-Runes list).

• Bitcoin second layer network: Stacks($STX), Nervos Network($CKB)

• Merlin 420…

Although Bitcoin retreated and fell below $69,000 yesterday, Nervos Network still performed well, and its token $CKB achieved huge gains.

$CKB has risen by more than 100% in a single week

CoinGecko data shows that the price of $CKB has soared from a minimum of $0.03 in the past 24 hours to about 3:00 this afternoon, before the deadline. The highest price reached $0.036, setting a new high since November 2021.

Before the deadline, it was currently trading at US$0.0357, up 14.6% in the past 24 hours, and more than doubled in the past week.

The relationship between Nervos Network ($CKB) and RGB

This article summarizes the development history of Nervos Network for readers. The project was founded by a Chinese team in 2018 and transformed at the beginning of this year. Bitcoin L2 adheres to the technical path of PoW consensus mechanism and UTXO model.

The RGB protocol was launched on February 13 this year. This is an asset issuance protocol on Bitcoin, extending from RGB. The first asset issued based on this protocol was $Seal, which experienced a huge increase of 300 times the day after it was listed. In addition, Unicorn, which was previously airdropped on the CKB chain, also received a 300-fold increase, so it attracted widespread market attention.

According to 0xWizard, CKB and RGB are actually independent of each other. CKB is one of the optional DA layers and smart contract execution layers of the RGB protocol. Theoretically, RGB can choose other chains (UTXObase's) as the DA layer to replace CKB; CKB can also support other UTXObase's first-layer asset issuance protocols, such as Atomic, Runes, etc., but RGB has more adoption advantages for CKB.

According to an interview at the Hong Kong Web3 Carnival event, the future development focus of Nervos Network is:

• UTXOStack to help projects issue UTXO model blockchains with one click

• CKB Lightning Network will interoperate with the Bitcoin Lightning Network in the future

Ambush RGB assets, register for JoyID wallet tutorial

Currently, the RGB protocol needs to be ambush For assets issued in the future, you must register a JoyID wallet, and there are Odyssey tasks to earn points (JPoints). Although clear rewards have not been announced, you can familiarize yourself with wallet operations and explore the CKB ecosystem while completing tasks, which will help Get a head start on the future.

The registration steps are very simple. No mnemonic words are required. The following teaching instructions are as follows:

1. Open the official website and enter the identity verification screen.

After clicking on the registration link, click Select "launch App" in the upper right corner, and the screen on the left below will appear. Then click "Create New" and the right screen as shown below will appear. Click "Authenticate".

2. Complete the identity verification

After clicking "Authenticate", the window on the left as shown below will pop up. JoyID wallet will store the key in the hardware according to time. On the device, after clicking "Continue", you can use fingerprint verification or enter a password to register, taking Mac as an example.

3. Confirm identity verification and complete wallet creation

After clicking "Confirm authentication", follow the above steps (click "Continue" and then "Fingerprint Verification" ”) to complete the wallet creation. The successful screen is as shown on the right below.

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