Topic: What you know about CKB?? (Read 722 times)

Seems we're in the same boat. Saw this CKB listing announcement https://twitter.com/bitgetglobal/status/1780903367205699644?t=dRdWaINxG8C82piGSuhy0w&s=19 before doing basic research on it. And yes CKB can be considered as a layer 2 Blockchain, you can read this for further clarity. https://www.coinlive.com/news/ckb-moves-to-bitcoin-layer-2-track-hype-or-opportunity

I looked for the simplest browser wallet for a person who is not able to store passwords or seed phrases, and I found the wallet app.joy.id
This wallet supports some blockchains, and among them, there is Nervos Network (CKB is the main currency of this blockchain). I've never heard about this blockchain before, and I was very surprised that the wallet considers CKB's blockchain as belonging to Bitcoin ecosystem.

Why?
Can anyone explain what makes Nervos a layer 2 of Bitcoin?

I'm just going to plug what the Butler says on the official Telegram channel.

There is a mining group, which is quite quiet at the time of writing.

Welcome to the official Nervos Network Telegram Group, this group is for chatting and discussion about our project. Head over to our pinned message to see our latest updates. For more information about Nervos, make sure to check out the links below:

How to access CKBytes:
https://docs.nervos.org/references/neuron-wallet-guide.html

Token Issuance and Distribution:
https://medium.com/nervosnetwork/ready-for-liftoff-token-sale-summary-and-mainnet-lina-launch-6bedad7e4bea

Nervos Positioning Paper:
 https://github.com/nervosnetwork/rfcs/blob/master/rfcs/0001-positioning/0001-positioning.md

Read our RFCs:
https://github.com/nervosnetwork/rfcs/blob/master/rfcs (https://github.com/nervosnetwork/rfcs/blob/master/rfcs/0001-positioning/0001-positioning.md)

Join the conversation:
https://talk.nervos.org/

Want to contribute?:
https://www.nervos.org/community/

Have any business inquiries? Drop us a line at
https://www.nervos.org/contact/

Joins us on Discord:

https://discord.gg/uWGUUpw

K5 will be dispatched soon. No worry about halving, estimated daily profit is US$21.8 today. Don't miss out, only 19 units left. 👇
https://www.hashnest.com/hash/shopitem?hc_id=59

I'm a bit late coming in to this discussion - as I haven't really devoted any meaningful time to the cryptocurrency industry, as I was introduced to bitcoin when the blockchain was 20GB, and I laughed and came back to laugh more last year.

As general insight when thinking of mining, (this was easy early on with cryptocurrency, and much more convoluted later, but in being so complex offers a simple approach) a checklist I run through in my head is:

Screening

• What is the algorithm?
• Is it the primary token for the algorithm?

I never bothered if the coins were not primary...
Then I thought about:

Short List

• Is the technology scalable?
• What real world application could benefit from this technology?
• Is documentation readily available?
• Is the development active?

SHA256
BTC

POC
SPECULATIVE
Bitcoin.org
github.com/bitcoin

Scrypt :: LTC
ETHASH :: ETH
X11 :: DASH
Equihash :: ZEC
Blake14R :: DCR

Just from these, everything else is a regurgitation of a regurgitation of just a whole lot of junk.
I'm hyper critical. ETH is just the internet, and only a portion of the internet, wrapped with a communal bottomless bucket of shit.

Now, when you view the cryptocurrency industry with this much cynicism, everything becomes clear.

What is this POS ([Piece of $hit] not Proof of Stake) EXCHANGE/ICO/DEFI/MINING platform clone really offering?

The answer for CKB is simple: the market is losing interest in Bitcoin mining, as it did with its clone Shitecoin Litecoin.
This is Bitmains attempt to generate revenue for a new branch of dreamstate future.

The next question is: how much will the token price tank after the K5 has its initial launch month mining ahead of general public?


note: as I'm writing this, I just received an email to notify of batch 2 bitdeer K5 restock, and ... it just sold out again

and yes.  Current ROI is ludicrous

We are glad to announce that Antminer K5 mining contacts which mine CKB, are listed on Hashnest now.

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All i can say is that i have signed up with 2 mining pools and they both fucking ridiculous.
Stupid hoops to follow to mine and i learnt u can put any bogus information in your miner and it still mines, for fuck this, this is bullshit.

I dont see any potential in this coin. It seems just a copy of Elastos coin. They have bitcoin mining and going make Ethereum too as I know. So why we need just another one copy?

It's only test net and you must not take it as your main consideration dude. as far as i know the real hashrate can be determined when it comes to the main net and we can know about how much miners.
It's similar as another testnet because this is just an alpha network and the control is still holding by the team. I never take test net as my main consideration to determine that will be giving the real information or fake information. the hashrate in testnet can't be trusted

Why is there such a high hash rate on testnet?

CBK has a pretty good idea, but if you actually sell the token now and put it on exchanges, it will definitely fail. because the crypto market is not doing well and the coins are constantly bleeding and don't know when the market will recover.
CBK needs to be more patient, carry out more marketing campaigns so that more investors know it before going into operation.

I don't heared about that before. But I see that people here writing that it's next hype. Well, I don't have another opinion and for that reason I also will join to this thought.

Hi!

The Nervos Common Knowledge Base (CKB) is a public permissionless blockchain generalizes Bitcoin's UTXO model to support tokens and smart contracts. The native token (also called CKB) is designed as a utility token and will be used for resource management and miner incentivization, and entitles the holder to an allocation of state storage space on the CKB blockchain.

CKB in a Nutshell: https://medium.com/nervosnetwork/nervos-ckb-in-a-nutshell-7a4ac8f99e0e
Intro of CKB (20 mins'video): https://youtu.be/3Gl8hNzfigo
Github: https://github.com/nervosnetwork/ckb
Docs: https://docs.nervos.org
Explorer: http://explorer.nervos.org
www.nervos.org

Currently on testnet, mainnet launch expected in Q4.

What CKB stands for? I'm totally not aware of what is this all about.
It's still unclear to me on what's this CKB, do someone have link or any useful material that people like me can read more about this CKB thing? If this is just another altcoin, well the past hype of altcoins stopped already and right now it's not doing well. If you think that CKB is something to invest on, think again.

Strange and cheap way of doing advertisement. This will not work. If it is legit approach, then you should have given detailed information about the project and ask questions about the same.

What is this? Is this new project? Or rating agency? Is it really related to crypto? Why someone is posting such a blank post? Please elaborate if it is about project.

(Common Knowledge Base) Bitcoin is a shared installment system and decentralized store of fiscal worth. The Common Knowledge Base (CKB) acquires the best pieces of Bitcoin and sums them up to help stockpiling of boundless crypto-resources past electronic money, and exchanges past installments.

now it is in testnet , i tried to mine .. but in testnet there are already massive farms mining it.... it is a chinese farm coin i think .... also they said that would pay testnet coins but they keep it , pool doesnt pay testnet coins too.... it is only needed for big farm to switch the coin to mine.. my 2cents

Any hype it's time for win or loose.
The general background around the CKB is still positive, but in general, time for altcoins are not very good currently and you can see it very well.

Yea, I know it takes risks but all seems very attractive...that's why I ask.
Btw, what top coins you have a positive attitude...since you know, ckb is really not your thing