Nervos

Nervos

The underlying design changes the blockchain paradigm from a world computer to a consensus automaton, stores the consensus results on the chain, and executes the calculation process outside the chain, which fundamentally solves the scalability problem of the blockchain.

Australian bitcoin mining company Iris Energy files for an IPO with the U.S. SEC: Golden Finance reports that Australian bitcoin mining company Iris Energy has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise up to $100 million. The Sydney-based company said on Monday it intends to list on the Nasdaq market under the ticker symbol "IREN". The shares are expected to begin trading later this year. JP Morgan, Canaccord Genuity, Citigroup, Macquarie Capital and Cowen are joint bookrunners on the transaction. (coindesk) [2021/10/26 20:59:08]

The team was built by Janx, a core member of the Ethereum Research team. It optimizes mobile nodes, supports distributed identity protocols, and simultaneously launches side chain solutions to make blockchain technology real.

Bitcoin mining company Greenidge Generation denies allegations that mining is damaging lake: New York-based Bitcoin mining company Greenidge Generation is facing protests from residents who claim the company's mining activities are "damaging" lakes. A group of disgruntled residents staged a protest outside the offices of the Ministry of Environmental Protection. But the company has denied the allegations, with chief executive Jeff Kirt saying the company's environmental impact has never been better. (Cryptonews)[2021/7/6 0:31:32]

Nervos is a suite of scalable and interoperable protocols and an open blockchain trustware platform for decentralized applications. Trustware is a new decentralized computing paradigm that goes beyond distributed ledgers and smart contracts, bringing a ubiquitous expression of trust to meet the needs of today's real-world applications.

China Merchants Bank International (CMBI) and Nervos announced the joint launch of a $50 million blockchain ecological fund: According to official news, Nervos and China Merchants Bank's wholly-owned subsidiary China Merchants Bank International (CMBI) jointly launched a $50 million blockchain ecological fund" InNervation". InNervation will invest in startups based on blockchain technology and user-oriented products. The investment focus will include dApps, DeFi protocols, distributed ledger platforms, NFT markets, etc. CMBI is an early strategic partner of Nervos and will help and strengthen Nervos' ecosystem construction through the InNervation Fund. The fund will be jointly managed by Nervos and CMBI, invest globally and complete the layout within three years. Startups will have the opportunity to receive an initial investment of $200,000 to $2 million to support the development of their projects within Nervos and the larger blockchain ecosystem. "InNervation" is the first joint investment fund between a financial institution and a Layer1 blockchain. The launch of the new fund marks the beginning of Nervos' next growth phase and a shift in focus to user-facing applications. [2021/5/19 22:17:41]

Compared with other smart contract platforms, Nervos uses a "common knowledge base", which is a simpler state machine with unified state transition semantics, which has excellent scalability, interoperability and better for all participants in the network consistent incentives.

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