Nervos launches mainnet beta secondary blockchain project

The public blockchain platform Nervos Network announced the launch of a beta version of the Godwoken mainnet.

The second-layer blockchain protocol integrates the functions of the Ethereum virtual machine and the optimistic aggregation mechanism to provide instant transaction certainty and low fees in an Ethereum-like environment.

The multi-chain solution is built on the existing Nervos first layer network and aims to take advantage of Ethereum’s well-documented shortcomings-most notably network congestion, high gas costs and scalability-and from Benefit from the growing importance of second-tier alternative platforms.

This long-term roadmap achievement follows the deployment of Force Bridge last year, which is a cross-chain bridge designed to enhance the interoperability of transactions, such as the ERC-20 token on Ethereum and its first-level proof of work area Common knowledge base of blockchain protocol.

With the launch of Godwoken and Force Bridge, the appeal of Ethereum developers to move their decentralized applications (DApps) to Nervos and become early adopters of the ever-expanding decentralized finance (DeFi) ecosystem is rising . Kevin Wang, co-founder of Nervos, shared His expectations for the future of the project:

“We are establishing a new blockchain standard. This is not only a way for people to build dApps across DeFi and industries on Nervos, but also a broader block regardless of account models, consensus mechanisms, and other factors. Contribute to the chain ecosystem.”

related: Nervos launches the Ethereum Bridge, saying that developers can use it out of the box

Nervos revealed that the Godwoken whitelist plan is now open and accepting applications from DApp projects to persuade Ethereum blockchain developers to build on the ecosystem.

The community-based projects planned to be released in the coming months include YokaiSwap, an automated market maker with interoperability on the main network, which is expected to promote annual percentage yield incentives for yield farmers.