Organization:Nervos Network

Short description: Nonprofit foundation developing cryptocurrency

Nervos Network

Formation	January 1, 2018
Type	Nonprofit organization
Purpose	Decentralized public blockchain ecosystem
Region served	Global
Staff	50-200
Website	nervos.org

Nervos Network is a decentralized open-source, public, permissionless blockchain platform. It consists of multiple blockchain layers that are designed to be optimized for different functions. The foundational layer is known as the Common Knowledge Base, whilst the internal cryptocurrency of this layer is called CKB. This layer operates based on the proof-of-work consensus model, and represents a trust-anchor through which all linked blockchains leverage additional security and decentralization. Blockchains built on top of this foundation are able to favor higher throughput and can operate other consensus mechanisms such as proof-of-stake, but will still submit transaction data to the base layer for verification. Smart contracts and decentralized applications can be deployed on any layer, depending on the needs of the specific application.

Other key areas of focus for Nervos Network are interoperability and abstraction. This is achieved by utilizing a RISC-V-based virtual machine which has no hard-coded cryptographic primitives. This gives the network greater flexibility in interacting with other blockchains, and removes traditional challenges to user experience by eliminating the need for multiple wallets.

Nervos Network was founded in 2018 by Kevin Wang, Daniel Lv, Terry Tai, Jan Xie, and Cipher Wang. It is operated by the Nervos Foundation: a global nonprofit organization dedicated to the growth and development of Nervos Network, as well as undertaking blockchain-related research.