To enable greater flexibility for applications, Nervos created a Common Knowledge Base to focus on the security of assets, while a complementary layer of Virtual Machines facilitates computation.
While recent blockchain launches seem to leverage various Proof of Stake consensus mechanisms, some believe Satoshi’s consensus mechanism is optimal for distributed protocols. As decentralized ledgers jockey to become the chain of choice for enterprises looking to leverage blockchain technology, projects are looking to offer a solution that maximizes security, decentralization, and transaction throughput.
Kevin Wang, a Co-founder of Nervos, joins us to discuss why Proof of Work was implemented as the consensus mechanism for the network. To enable greater flexibility for application developers, Nervos created a Common Knowledge Base (CKB) to focus on the security of assets, enabling a complementary layer of Virtual Machines (VM) to scale and facilitate computation.
Kevin also discusses the active initiatives underway with the Nervos Grants Program to foster ecosystem development and encourage developers to evolve the permissionless network.
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This episode is hosted by Sebastien Couture & Sunny Aggarwal. Show notes and listening options: epicenter.tv/326