Nervos 2021 Q1 Report: Moving Toward a Better Ecology

2020 is a true year of infrastructure building for Nervos.

To the Community

2020 has been a real year of infrastructure building for Nervos. We’ve made great strides in developer tools, developing our ecosystem, and partnerships. In the first quarter of this year, we continued to move forward to build the Nervos network into an even more robust blockchain platform for general purpose applications.

The Road Ahead in 2021

All of this growth in 2020 sets the stage for even greater growth in 2021. The results are already being seen in the first quarter of this year. We’re fighting hard to follow our ambitious 2021 roadmap: we’ve been working hard to deliver core protocol upgrades to ensure the first hard fork later this year goes smoothly.

We are also continuing to build the Force Bridge and other Layer 2 solutions, with new cross-chain bridges to other public chains like BTC, EOS, and TRX coming soon. In addition, our sUDT (Simple User Defined Token) standard has been extended (xUDT) to provide a more complex and functional token standard.

We are proud to have been recently recognized by the media as having one of the “fastest growing developer communities in the crypto space”. We will continue to facilitate this growth by providing even better developer-oriented documentation, including a Demo App and more tutorials.

As mentioned earlier, we are fully committed to developing our infrastructure and applications. At the same time, because interoperability is a core principle of the Nervos network, we will also work to find solutions within the multi-tiered framework of Nervos.

EVM compatibility and common DeFi applications remain our top priorities for the first half of this year. We are also exploring the NFT space with key partners and looking at additional tools and SDKs to bring real-world applications to the crypto world.

Ecological Growth

Some have said that the growth in the first quarter of 2021 was beyond their expectations. To aggressively expand our ecosystem, we launched our TrailBlazer program. At the same time, we saw an increase in accessibility and reach for Nervos: Binance, Voyager and Bithumb all went live with CKB.

The TrailBlazer program aims to recruit community members from around the world to grow the Nervos global ecosystem. It also rewards Nervos community building, content creation, translation and other efforts.

Since the program’s launch, a very large number of TrailBlazers have joined the Nervos ecosystem, and great progress has been made in community development. We look forward to more people joining the TrailBlazer program so that more people can experience Nervos’ efforts to “localize the spread of information”.

CKB’s accessibility has also grown significantly. With the launch of Binance, CKBs were introduced to a larger global marketplace, and the launches of Voyager and Bithumb meant we could offer CKBs to the US and Korean communities.

We are also actively involved in AMAs, podcasts and interviews with various exchange communities to give new investors a better understanding of our mission.

The Future, More Than That

In the first quarter of 2021, we were able to get a head start along our roadmap and the community grew rapidly. With more new products and development updates to come, which will again lead to more ecological and partner growth, let’s look forward to more Nervos successes in the future.

We have a lot of plans for the rest of the year, and we look forward to seeing them all come to fruition.

— Terry, Kevin, Daniel, Jan

Current data

Nervos 2021 Q1 Report: Moving Toward a Better Ecology

Since the mainnet went live, computing power on the Nervos CKB has risen from 73.47TH/S to a high of 58.01PH/S, nearly 789x; 50 companies and teams are developing on Nervos, up 42% from last quarter; and the Nervos community is 105,000+, up 18% from last quarter.

Nervos Team

Nervos 2021 Q1 Report: Moving Toward a Better Ecology

Currently, Nervos has 71 team members, including engineers, researchers, marketing, community, BD, project managers, operations, and many other teams.

Key new members

Jessie – Head of People

Jessie has 10 years of in-house HR and global recruitment agency executive search experience in the tech sector, having worked as HRBP at Byton in the electric vehicle industry.

Daniel — Senior Blockchain Engineer, Developer Relations

Daniel has been a blockchain developer since 2017, focusing on JavaScript, ethereum-related development research, and has worked on open source projects in the energy industry at the Energy Web Foundation, as well as on Token security and other related work at Polymath.

Technology Updates

Last year, we launched Nervos’ own token standard, sUDT (Simple User Defined Token), and we’ve been working hard since then to expand it to provide a more sophisticated and powerful token standard – the scalable UDT (xUDT) and Regulatory Compliance Extension (RCE).

Scalable UDT (xUDT)
Extensible UDT (xUDT) can incorporate more features and rules than sUDT. In other words, xUDT is an extension to sUDT that can be used to define more of the behaviors that a UDT may require, such as regulation, compliance, and governance. xUDT is similar to Google’s Chrome browser in that they both support extensions.

While sUDT provides a minimal core for issuing UDTs on the Nervos CKB, xUDT builds on sUDT to meet more potential needs. Unlike the simple framework of sUDT, xUDT itself has a certain level of complexity, and this complexity provides more possibilities for UDT.

With this complexity comes a new world of possibilities, as they can define more features and rules that UDT may need.

In order to realize the full potential of UDT without letting complexity be an obstacle, xUDT has focused on usability. Currently, we are designing a Layer with a set of APIs that can be linked to the balance of xUDT with just a CKB address, or can be called with a minimal amount of data.

These additional tools can help users/developers manage tokens issued as xUDT and give them a similar experience to sUDT. In the future, as more developers build on top of xUDT, more extensions will be created and packaged as optional “Lego parts” for developers, making it easier to develop new xUDTs.

Regulatory Compliance Extensions (RCE)
RCE is an xUDT extension that is useful for applications that have specific regulatory compliance requirements, such as stablecoins and STO tokens.

As an extension to xUDT, RCE enhances the regulatory compliance capabilities of UDT by providing features such as invocation of whitelists and blacklists, emergency stops, and PKI Style regulator support.

The RCE extension meets all of the requirements of STO and, more importantly, can be used as a mass adoption solution to cross the regulatory divide.

Regulatory compliance is a critical issue for the mass adoption of tokens, and the ecosystem built on top of them, and RCE is one of the attempts to address this issue and is the result of many conversations we have had with the people involved.

The RCE example also opens the door to other areas such as NFT and DeFi. There are already a number of prototype designs for NFT implemented through xUDT that further enhance how these tokens can be used.

In DeFi, developers often introduce new behaviors to DeFi tokens in addition to the standard issuance and transactions. These new behaviors can also be easily packaged as xUDT extensions.

Polyjuice and Godwoken
Godwoken is a Layer 2 Rollup framework based on the Nervos CKB. It provides extensions to the CKB, as well as an account-based programming model. Along with Godwoken, Polyjuice provides an Ethereum-compatible layer on top of the Nervos CKB that leverages the account model and scalability provided by Godwoken to integrate EVM 1 as the EVM engine for running Ethereum smart contracts. Polyjuice’s goal is to be 100% EVM-compatible.

Both Godwoken and Polyjuice have been deployed to the Nervos CKB test network environment, and in 2021, after Godwoken/Polyjuice pass the audit, we will deploy them to the Nervos CKB main network. In addition, we will introduce additional enhancements to Godwoken to simplify development, improve throughput, and drive cross-chain development.

The way Godwoken works is that a set of aggregator nodes collects transactions on Layer 2, packages them into CKB transactions, and then submits them to the Layer 1 CKB for validation. In this sense, Godwoken is really working in a Layer 2 fashion.

Although this is a Layer 2 solution, one of the key design principles behind Godwoken is that we are building a license-free Lyaer 2 solution.

On the Nervos CKB, multiple independent Godwoken deployments are possible, each of which is free to make its own choices. If one deployment doesn’t satisfy you, you are free to switch to another deployment or even start your own.

While some deployments may impose other restrictions, the core design of Godwoken is to allow everyone to submit blocks to the Layer 2 blockchain, making it scale like a true no-license Layer 1 blockchain.

Polyjuice is an Ethereum solution on CKB, which means that developers can port their existing dApps running on Ethereum to CKB with minimal effort. one of Polyjuice’s design goals is to be 100%, if not 120%, compatible with EVM.

This means that any Solidity-based smart contract currently running on Ethereum can be run on Polyjuice, and Polyjuice can even provide many features that may not be currently available on Ethereum. If you need to implement an EIP right now, perhaps Polyjuice can be the first to implement it and empower your dApp development.

Note that the compatibility here is designed for EVM only; Ethereum also supports RPC, through which applications communicate with the chain. Unfortunately, due to design differences between Polyjuice and Ethereum, we cannot guarantee full compatibility in terms of RPC. This means that your existing Ethereum dApp will need some tweaking before it can be deployed to Polyjuice.

However, we will ensure that the smart contract does not need to be changed and that the two sets of RPCs are similar to each other. We will also clearly document the differences so that the dApp migration effort will be minimized. We will also build integration with Portal Wallet, so end users can have a seamless experience.

We launched Polyjuice in July 2020 and are mentioning it again because we overhauled and overhauled Polyjuice and fixed its biggest problem: handling shared state.

Force Bridge
Force Bridge is a cross-chain protocol that initially connects Ether and Nervos. in the latest update, Force Bridge will add support for BTC, TRON, EOS and Polkadot.

Force Bridge is a trustless cross-chain protocol that currently enables seamless cross-chain transactions between CKB and Ethereum. In the future, once Force Bridge supports other new chains such as BTC, it will allow users to trade between public chains such as CKB and BTC without encountering the barriers common on other cross-chain bridges.

Other updates to Force Bridge include the integration with Godwoken that we will soon see. The integration will allow developers to deploy Ethereum contracts on Godwoken, and users will be able to use these services for a much lower Gas Fee.

This is especially important for DeFi, as developers can deploy Ethereum smart contracts on CKB through Godwoken, reducing transaction fees while using assets on other blockchains powered by Nervos and Force Bridge.

These three features allow users to play around with DeFi using assets from multiple blockchains with low transaction fees.

Ecological Development

Ecological mapping

Nervos 2021 Q1 Report: Moving Toward a Better Ecology

Wallet Support

Nervos 2021 Q1 Report: Moving Toward a Better Ecology

Eco-Investor

Nervos 2021 Q1 Report: Moving Toward a Better Ecology

Live Exchanges

Nervos 2021 Q1 Report: Moving Toward a Better Ecology

Mining Circle Ecology

Nervos 2021 Q1 Report: Moving Toward a Better Ecology

Community Data

Social Media Data

During the quarter, Nervos saw strong growth on both domestic and international social media channels, with Twitter surpassing 40,000 followers and the Nervos Chinese community growing by more than 23%.

Nervos 2021 Q1 Report: Moving Toward a Better Ecology
Nervos 2021 Q1 Report: Moving Toward a Better Ecology

Community Activity Data

The Nervos community activity numbers also saw significant growth: the Nervos community grew its audience by 112.5% and total subscribers by 344%.

Nervos 2021 Q1 Report: Moving Toward a Better Ecology

Nervos’ Footprint

In the first quarter of 2021, Nervos hosted/participated in a total of 30+ online/offline events.

January 8, Morpheus Labs App Library V2.0 listing many Nervos solutions such as Muta framework, Portal Wallet, Force Bridge, etc.

January 12, Nervos designers Ahrom and Echo showcased the new Nervos branding at Figma and provided some inspiration for the #NervosSocitee design contest.

Nervos co-founder Kevin Wang on the Untold Stories podcast on January 13, discussing the consensus model, permissionless systems and more with Charlie Shrem.

Nervos launched the DeFi What’s New campaign and hosted the first installment of the “Let DeFi Fly Into Your Home” theme on January 13, discussing DeFi applications with team members from DODO, dForce, Chainlink and Aave; and

On January 16, Daniel Lv, co-founder of Nervos, shared his plans for Nervos 2021 in the CKBFans community.

On January 20, Nervos co-founder Daniel Lv was invited to participate in the Mars Finance “One Click to Start” event.

On January 21, Daniel Lv, co-founder of Nervos, was invited to participate in the event “The new high of ethereum opens up the imagination of new public chains”.

On January 25, Daniel Lv, co-founder of Nervos, was invited to participate in Carbon Chain Value’s “Public Chain, Please Answer 2021” event.

On February 4, Daniel, co-founder of Nervos, gave an AMA share on CKB layout and planning for 2021 at CKB Guardian Group.

On February 4, the #NervosSocitee design contest was successfully completed, with 150+ entries received during the event.

February 5, Matt, Jordan and Luis chatted about Force Bridge and GliaDex on the Hashing It Out series.

On February 9, the Nervos Spanish community hosted an AMA in the CryptogodsMx telegram group.

on February 10, Kevin, co-founder of Nervos, participated in an AMA on the CryptogodsMx English Telegraph channel

on February 14, the Spanish community released the “Introducción a Nervos Network” technical course to help the local community learn more about CKB

on February 16, DeFi en español partnered with Nervos to promote DeFi growth by spreading knowledge to Spanish speakers in Latin America and around the world.

on February 16, Jinho from Korea shared with us insights about the Korean blockchain space and his understanding of the Nervos community in the first installment of the “TrailBlazer in Focus” series.

community members who published ckbytes.net, where information about Nervos and CKB is gathered.

Jinho, head of the Nervos Korea community, launching the Nervos Korea Twitter channel, welcome to follow @NervosKR.

Alena, Head of Nervos Russia Community, launched the Nervos Russia Twitter channel and hosted a community Q&A and Cryptocurrency AMA, welcome to follow @Nervos18.

In February, Nervos Community held an essay contest, all community members are welcome to come and participate.

On March 3, Kevin Wang, co-founder of Nervos, was a guest at the Coin AMA and talked about Nervos’ ecological plans for this year with the Coin AMA community partners.

On March 3, Nervos Chief Architect and Researcher Xie Hanjian was a guest on CoinHub Live and gave a comprehensive analysis of Nervos’ technology roadmap for 2021.

On March 5, we released the first TrailBlazer “Community Detonation” task on Twitter, and everyone who completed the task had a chance to win CKB rewards. We’ve already started showcasing TrailBlazer’s work and contributions on multiple platforms, including Blog and Twitter. We’ll be updating TrailBlazer’s progress weekly.

On March 8, Nervos BD Lead Ben Morries joined Terra, Aave, and Chainlink team members to discuss “DeFi & Mainstream” on Nervos’ YouTube.

On March 9, Nervos Community Manager Williams was a guest on the AMA of the Xiao Zhang on Blockchain community, talking to the guys about “Will Interoperability Really Be the Link Before the Internet and Blockchain? The topic.

On March 10, Tech Session #3 was successfully held, and CKB developer Wanbiao Ye talked about “CKB VM’s new B-extension instruction set and macro instruction fusion technology”.

On March 10, Binance and Nervos held a “Gift to Earn” event with a prize pool of $50,000 in CKB equivalent.

On March 11, we launched the #Common Knowledge Booster campaign on Gleam, following the first TrailBlazer “Community Detonation” campaign. Complete tasks for a chance to win $1,000 CKB worth of prizes.

On March 11, Daniel, co-founder of Nervos, was a guest of Satoshi Makoto AMA to discuss “Expanding the Imagination and Focusing on the Awakening Nervos” with the community.

On March 25, Matt, Jordan, Daniel, and Luis joined us on the Hashing It Out series to discuss consensus, governance, building cryptocurrencies, and more. Our Fireside Chat series will be live on Clubhouse every Friday at 1am.

On March 31, Kevin Wang, co-founder of Nervos, was invited to join Voyager on the interview show “Crypto Talk” to discuss the origins, design philosophy, and future plans of Nervos in depth with Voyager.

Data on the Blockchain

With the joint efforts of the community, the Nervos network has shown promising growth. Currently, the maximum arithmetic power on Nervos CKB has reached 58.01 PH/S, which is 789 times higher than when the main network went online; the block out time is stable at around 14s; the number of CKB addresses exceeds 100K; the total amount of CKB locks in Nervos DAO exceeds 11.3 billion, accounting for 46.75% of the circulation, and the total number of locked addresses in DAO exceeds 8K. The total number of locked addresses exceeds 8K.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/nervos-2021-q1-report-moving-toward-a-better-ecology/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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