Nervos debuts mainnet beta layer-two blockchain project

Public blockchain platform Nervos Community has introduced the mainnet beta launch of Godwoken.

The layer-two blockchain protocol integrates Ethereum Digital Machine capabilities and optimistic rollup mechanics to offer prompt transaction finality and low charges inside an Ethereum-like surroundings. 

Constructed upon the present Nervos layer-one community, the multichain resolution seeks to capitalize on Ethereum’s well-documented drawbacks — most notably, community congestion, excessive gasoline charges and scalability — and profit from the rising significance of layer-two various platforms.

This long-standing roadmap achievement follows final yr’s deployment of Power Bridge, a cross-chain bridge designed to boost the interoperability of transactions corresponding to these between ERC-20 tokens on Ethereum and its layer-one proof-of-work blockchain protocol, Frequent Data Base.

With each Godwoken and Power Bridge now accessible, the attract for Ethereum builders to transition their decentralized functions (DApp) to Nervos and develop into early adopters within the increasing decentralized finance (DeFi) ecosystem is rising. Kevin Wang, co-founder of Nervos, shared his expectations for the way forward for the mission:

“We’re establishing a brand new blockchain normal that won’t solely be a approach for individuals to construct dApps throughout DeFi and sectors on Nervos, but additionally contribute to the broader blockchain ecosystem, no matter account mannequin, consensus mechanism, and different elements.”

Associated: Nervos launches Ethereum bridge it says devs can use proper out of the field

Nervos has revealed that the Godwoken whitelisting program is now open and accepting functions from DApp initiatives to persuade Ethereum blockchain builders to construct upon the ecosystem.

Neighborhood-based initiatives scheduled to launch within the coming months embrace YokaiSwap, a mainnet interoperable automated market maker that’s anticipated to facilitate annual share yield incentives for yield farmers.