Nervos Debuts Mainnet Beta Layer 2 Blockchain Project

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The public blockchain platform Nervos Network has announced the beta start of Godwoken for the mainnet.

The Layer Two Blockchain Protocol integrates the capabilities of the Ethereum virtual machine and optimistic roll-up mechanics to provide instant transaction finality and low fees in an Ethereum-like environment.

Building on the existing Nervos Layer-One network, the Multichain solution tries to benefit from the well-documented disadvantages of Ethereum – in particular network congestion, high gas charges and scalability – and to benefit from the growing importance of alternative Layer-2 platforms.

This long-standing roadmap achievement follows last year’s deployment of Force Bridge, a cross-chain bridge that enhances the interoperability of transactions such as those between ERC-20 tokens on Ethereum and its layer-one proof-of-work blockchain – Protocol Common. aims to improve knowledge base.

Now that both Godwoken and Force Bridge are available, the appeal for Ethereum developers is increasing to convert their decentralized applications (DApp) to Nervos and to become early adopters in the expanding ecosystem of decentralized finance (DeFi). Kevin Wang, co-founder of Nervos, shared his expectations for the future of the project:

“We are establishing a new blockchain standard that will not only be a way for people to create dApps in DeFi and sectors on their nerves, but also to contribute to the broader blockchain ecosystem, regardless of account model, consensus mechanism and other factors.”

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

Nervos has revealed that the Godwoken whitelisting program is now open, accepting applications from DApp projects to convince Ethereum blockchain developers to build on the ecosystem.

Community-based projects to be released in the coming months include YokaiSwap, a mainnet interoperable automated market maker that is expected to enable annual percentage yield incentives for crop growers.