Nervos debuts mainnet beta layer-two blockchain project

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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 immediate transaction finality and low charges inside an Ethereum-like setting. 

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

This long-standing roadmap achievement follows final 12 months’s deployment of Drive Bridge, a cross-chain bridge designed to boost the interoperability of transactions akin to these between ERC-20 tokens on Ethereum and its layer-one proof-of-work blockchain protocol, Widespread Information Base.

With each Godwoken and Drive Bridge now accessible, the attract for Ethereum builders to transition their decentralized functions (DApp) to Nervos and turn 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 undertaking:

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

Associated: Nervos launches Ethereum bridge it says devs can use right out of the box

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.