Sunday, June 26, 2022

Nervos debuts mainnet beta layer-two blockchain project

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Public blockchain platform Nervos has introduced the mainnet beta launch of Godwoken.

The layer-two blockchain protocol integrates Ethereum Digital Machine capabilities and optimistic rollup mechanics to offer on the spot transaction finality and low charges inside an Ethereum-like surroundings. 

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Constructed upon the prevailing Nervos layer-one community, the multi-chain resolution seeks to capitalize on Ethereum’s well-documented drawbacks — most notably community congestion, excessive fuel charges and scalability — and profit from the rising significance of layer-two different platforms.

This long-standing roadmap achievement follows final yr’s deployment of Power Bridge, a cross-chain bridge designed to boost the interoperability of transactions corresponding to these between ERC-20 tokens on Ethereum and its layer-one proof-of-work blockchain protocol, Frequent Information Base.

With each Godwoken and Power Bridge now out there, the allurement for Ethereum builders to transition their decentralized functions (dApps) to Nervos and turn out to be early adopters within the increasing decentralized finance (DeFi) ecosystem is rising. Kevin Wang, co-founder at Nervos, shared his expectations for the way forward for the undertaking:

“We’re establishing a brand new blockchain normal—a means for individuals to not solely construct dApps throughout DeFi and sectors on Nervos but in addition contribute to the broader blockchain ecosystem, no matter account mannequin, consensus mechanism, and different components.”

Related: Nervos launches Ethereum bridge it says devs can use right out of the box

Nervos has revealed that the Godwoken whitelisting program is now open and accepting functions from dApp initiatives, particularly these inherent on convincing Ethereum blockchain builders to construct upon the ecosystem.

Neighborhood-based initiatives scheduled to launch within the coming months embody Yokaiswap, a mainnet interoperable automated market maker that’s anticipated to facilitate annual proportion yield incentives for yield farmers.