On April 9, Nervos (CKB), a public blockchain network, awarded $1 million dollars to several teams working on enhancements to its infrastructure. This represents the first of numerous upcoming payouts from the network’s previously announced $30M development fund.
In 2018, Nervos completed a successful Initial Coin Offering, or ICO. During this sale, the project raised approximately $100 million. Nervos Network is a two layer blockchain. Its base layer, like Bitcoin (BTC), is secured with the proof-of-work consensus mechanism, while the second layer is designed to provide scalability.