Comparing The Efficiency Of NervosNetwork’s Layer 1 & Layer 2 To Other Blockchains

At the center of the blockchain are different networks, and each has its unique peculiarities. In this piece, I intend to look at:

1. The different blockchain networks.
2. How they compare to the NervosNetwork.

Below are the different Blockchain networks and a bit about them:

1. Bitcoin Network
The blockchain has come a long way from its pioneer permissionless framework, the largely rudimentary Bitcoin. While Bitcoin network might have distinguished itself as the foundation for later blockchains to thrive, its limited use case and scalability issues remain beneath the expectations in a modern world.

2. Ethereum Network
With the inadequacies of the Bitcoin network, ethereum came into the picture. As a way of improving the use case of ethereum, a different approach was taken, aimed at inspiring trust and encouraging innovation in a conveniently permissionless ledger. Yet, Ethereum isn’t spared the hammer of scalability as its computation-focused strategy doesn’t support the more efficient off-chain solution. Add its non-distinct transactional framework, and scalability becomes a pipe dream for the network.

3. Lightning Network
One of the networks that appeared to be in the right direction with its scalable master plan was Lightning. This Blockchain network was the first to follow the off-chain path towards tackling the scalability issues underlying the digital ledger. However, the project has remained mostly redundant as it never got started, for whatever reasons.

How Nervosnetwork Compares To These Blockchains

With the challenges facing other blockchain networks being an open secret, Nervosnetwork is looking to provide an alternative where scalability issues are properly addressed, not swept under the rug.

To provide succor to users of Blockchain technology, Nervos uses a dual-layer architecture that inculcates the basic principles of the off-chain solution while adding innovation to the picture.

Nervosnetwork consists of two layers. And typical of a layered setup, layer 1 forms the foundation for the progress of the Ayer 2.
Layer 1, also called the Common Knowledge Base (CKB) acts as the storehouse of value for the entire network. By dismantling its architecture into two distinct layers that have specialized roles in an amalgam-like structure, Nervos has comfortably settled issues of scalability and fluidity — a feat that has eluded the highly reputable Ethereum network for years.

Nervosnetwork Efficiency Model
The efficacy of the dual-layer structure of the Nervos Network isn’t merely due to its architecture but the division of labor contributes its part.
Each layer has access to consensus nodes serving different functions. Yet, the CKB is densely populated with these consensus nodes, mostly due to its state value storage function.
Unlike other blockchains that enforce on all applications the need to use specific nodes, Nervos allows these applications to decide what layer and consensus are given precedence. This free reim is a passive attempt at removing censorship of any sort from the network while improving performance.

CKB, on the Nervosnetwork, can maintain the transparency of the Bitcoin network without giving room to censorship through the use of Proof of Work (PoW) consensus. This is the reverse of what’s obtainable in the Ethereum Blockchain, which might explain the latter’s struggles.
While the Proof of Work consensus deployed in the CKB is based on the Nakamoto consensus of Bitcoin, that in the former is more ruthless in its capabilities as it creates the enabling environment for accuracy, speed, and flexibility to thrive.
Compared to Bitcoin’s Nakamoto consensus, the CKB’s doesn’t use the block strategy for voting. The outcome is a boost in transaction speed as the waiting time is cut in half.

Ethereum might be decentralized and skewed to favor innovative applications, but its computational framework results in a longer transaction time. On Nervos, this doesn’t arise as the CKB uses functions for scripts. Since transaction parallelism — a phenomenon that takes cognizance of new and previous states before proceeding with a transaction verification — is compatible with these functions, this is reflected as a shorter transaction confirmation time.

Another area where Nervos is an improvement on the Ethereum network its efficient resource management. While the small number of Ethereum miners bear the brunt of running cost due to the enormous amount of resources involved, this isn’t the case on Nervos as everyone gets involved. The computational workload has more nodes and clients on deck, which tends to reduce the running cost per participant.

Summary
The Nervos Network has the potential for great things as most issues affecting the performance of existing Blockchain have been solved. With the capabilities of its dual-layer architecture, Nervos might form the bedrock of applications for the future.

USEFUL LINKS

Website: https://www.nervos.org/
Twitter: https://twitter.com/NervosNetwork
Discord: https://discord.gg/AqGTUE9
Telegram
https://t.me/NervosNetwork
Facebook: https://www.facebook.com/theNervosNetwork/

Article written by Niikmoore

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