Nervos at the moment introduced that “Godwoken,” the primary EVM-compatible Layer 2 blockchain within the community’s multi-layer roadmap, is now in mainnet beta. Beginning at the moment, builders can apply to be a part of Nervos because it goals to turn into the subsequent main DeFi ecosystem within the blockchain area.
Godwoken, our EVM suitable Layer 2 blockchain, is now stay on mainnet beta
With #Godwoken & Pressure Bridge stay, Ethereum builders can use their present codebases to port their dApps to #CKB
Extra information https://t.co/kW1t2vai4R
Be part of mainnet beta https://t.co/lYleyF1GGc pic.twitter.com/AYRypdSAsX
— Nervos (@NervosNetwork) November 4, 2021
Bridging the Ethereum DeFi ecosystem
The foremost milestone follows the launch of Pressure Bridge, a trustless cross-chain bridge that enables for seamless transactions between Nervos and different public chains, on the mainnet.
With each Godwoken and Pressure Bridge now out there, Ethereum builders can use their present codebases to start porting their dApps to Nervos, enabling them to develop their person attain and model consciousness in a burgeoning community centered on DeFi growth.
In response to a report launched earlier this yr from Electrical Capital, there are greater than 8,000 builders actively engaged on blockchain tasks in a given month. Of these builders, greater than 25% are contributing to Ethereum, with the quantity rising by 215% within the final three years alone.
However whereas Ethereum is the go-to chain of selection for a lot of builders, excessive community congestion, fuel charges, and scalability points have pressured builders and customers alike to hunt chain options, resulting in an elevated curiosity in Layer 2 and various scaling options.
For builders that wish to guarantee they stand out amongst tons of of 1000’s of blockchains tasks throughout Ethereum and different ecosystems, Godwoken’s launch presents a first-mover alternative to shortly achieve traction inside the Nervos neighborhood and even doubtlessly earn funding.
“For our staff members and neighborhood members who’ve been with us from the very starting, Godwoken’s launch is a watershed second for our ecosystem,” mentioned Kevin Wang, co-founder at Nervos.
“We’re establishing a brand new blockchain normal—a manner for individuals to not solely 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,” he added.
Godwoken on Nervos
Secured by Nervos’ Layer 1, which makes use of a Proof of Work (PoW) algorithm to make sure excessive throughput and safety, Godwoken’s optimistic roll-up mechanism and Ethereum Digital Machine (EVM) assist allow builders to make use of Ethereum contracts whereas preserving transactions scalable, quick, and low-cost.
Via the Pressure Bridge, which just lately launched on mainnet, builders can provoke seamless transactions to Ethereum, with extra EVM and non-EVM chains to return sooner or later, together with Cardano.
Godwoken is the primary of many Layer 2s secured by the optimistic rollup framework to launch on Nervos and will probably be fine-tuned over the subsequent few months all through the Mainnet Beta program.
Upcoming neighborhood tasks embody the mainnet launch of Yokaiswap, a next-generation interoperable AMM decentralized trade (DEX) constructed on Nervos that may allow annual proportion yield (APY) incentives for yield farmers.
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