As a seasoned researcher with a keen interest in blockchain technology, I find the launch of Nervos Network (CKB) on Upbit particularly intriguing. Having closely followed the development of this project since its inception in 2018, it’s fascinating to see it finally make its way onto South Korea’s largest cryptocurrency exchange.
Beginning at 16:00 today, South Korea’s largest cryptocurrency exchange, Upbit, has revealed the debut of Nervos Network (CKB) on their platform. This means that users can now trade Nervos in markets using KRW, BTC, and USDT. The addition of CKB to these major trading pairs will enhance its adaptability and market liquidity.
In approximately 3 hours following the announcement, the deposit process for Nervos Network’s CKB will commence. Transactions themselves will initiate at 17:00 on September 13. To avoid any confusion, users should ensure they are depositing into the correct CKB-Nervos Network. Transactions conducted through unrecognized networks will not be acknowledged.
Nervos Network (CKB) Launches on Upbit with Order Execution Restrictions
During the initial five minutes of trading, certain types of buy limit orders will have restricted execution. Additionally, sell orders priced below 10% of the previous day’s closing price will also be controlled during this timeframe. Both market and reserved orders will be limited for approximately an hour following the commencement of trading.
The Nervos Network, established in 2018, serves as a foundational blockchain aimed at addressing scalability issues within the digital asset ecosystem while enhancing its overall performance. It features an NC-MAX consensus algorithm and employs a Cell model, reminiscent of Bitcoin‘s UTXO model, which contributes to its scalability and adaptability by separating state creation from state validation.
As a crypto investor, I’m excited about the role of the CKB token within the Nervos Network. This versatile token can be utilized for transaction fees, staking in the DAO, and voting – empowering me as a network participant. The launch on Upbit is a significant stride for the Nervos Network, extending its reach into broader markets and inviting more investors like myself to join this thriving ecosystem.
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2024-09-13 21:28