Knowing NerveNetwork
The NerveNetwork Concept and NerveNetwork Products
Recently, we witnessed a rapid increase in the usage of NerveNetwork’s products, especially NerveBridge! More and more crypto users started turning to NerveBridge for cross-chain transactions. In the community, we have received lots of members asking about Nerve’s underlying design and products manual. In response to this, Nerve has decided to address these concerns in today’s article!
Today’s article goes around “Knowing NerveNetwork,” and we will continue to release more episodes in the future about NerveNetwork’s products and provide some relevant product tips.
First, let’s understand what is NerveNetwork
NerveNetwork, established in 2020, is a decentralized digital asset service network developed using NULS‘s ChainBox technology. NerveNetwork aims to break the Isolated value island of the blockchain, establish a network that is suitable for multichain assets to interacte , and provide all the necessary underlying support for the Defi application ecosystem. Let every digital asset holder enjoys truly secure, free and transparent Defi application services.
NerveNetwork’s POCBFT Consensus Algorithm: An originality combination of POC and BFT
NerveNetwork adopts POCBFT, a consensus mechanism for independent innovation. POC refers to Proof of Credit, this is the consensus mechanism used by NULS and BFT refers to Byzantine fault tolerance.
POC is a DPoS derived consensus mechanism that is very efficient, also it has an embedded mechanism to punish bad behaving nodes, and, of course, it allows all token holders to participate in staking and earn rewards.
BFT was added to the Tendermint consensus mechanism adopted by another well-known cross-chain project: Cosmos. Its performance is about 6 ~ 8 seconds while Nerve will likely reach a block speed of about 1 ~ 3 seconds. It can be seen that the combination of POC and BFT not only allows Nerve to inherit the advantages of the NULS POC consensus mechanism, but also allows Nerve to have an excellent performance.
NerveNetwork’s Products
- NerveBridge
NerveBridge is the core product of NerveNetwork that supports crosschain for 23 networks, including : Ethereum/ BNBChain/ Polygon/ Heco/ OKC/ Tron/ Avalanche/ Harmony/ KCC/ Cronos/ Arbitrum/ Fantom/ Metis/ Optimism/ IoTex/ smartBCH/ Klatyn/ KAVA EVM/ REI Network/ zkSync, and NULS. Since the launch of NerveNetwork, NerveBridge has assisted over 200+ tokens to circulate on other blockchains.
- NerveSwap
NerveSwap is a DEX built on NerveNetwork mainnet. NerveSwap supports two protocols, AMM Swap and Stable Swap. AMM protocol applies the k=x*y algorithm as its core mechanism. StableSwap enables multichain assets to be exchanged between different network with absolutely none slippage, which provides a great solution for various crosschain demands.
- NerveFarm
NerveFarm is a Yield farming protocol that allows the NerveSwap LP token holders to participate in farming. Currently, there’re 4 farming pools available on NerveFarm, you can:
- Stake NULS-USDTN LP to earn NULS
- Stake NABOX-NULS LP to earn NULS
- Stake NSWAP-NULS LP to earn NVT
- Stake BRG-NULS LP to earn BRG
To participate in NerveFarm liquidity mining, you should add liquidity through this page first: https://nerve.network/liquidity
Join the NerveNetwork Community
- Telegram: https://t.me/NerveNetwork
- Twitter: https://twitter.com/nerve_network
- GitHub: https://github.com/NerveNetwork
- Reddit: https://www.reddit.com/user/NerveNetwork
- Facebook: https://www.facebook.com/groups/NerveNetwork
