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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 grow to be the following main DeFi ecosystem within the blockchain house.
Godwoken, our EVM suitable Layer 2 blockchain, is now dwell on mainnet beta 🎉
With #Godwoken & Drive Bridge dwell, Ethereum builders can use their current codebases to port their dApps to #CKB
Extra data👉 https://t.co/kW1t2vai4R
Be a part of mainnet beta👉 https://t.co/lYleyF1GGc pic.twitter.com/AYRypdSAsX
— Nervos (@NervosNetwork) November 4, 2021
Bridging the Ethereum DeFi ecosystem
The main milestone follows the launch of Drive Bridge, a trustless cross-chain bridge that permits for seamless transactions between Nervos and different public chains, on the mainnet.
With each Godwoken and Drive Bridge now obtainable, Ethereum builders can use their current codebases to start porting their dApps to Nervos, enabling them to broaden their consumer attain and model consciousness in a burgeoning community centered on DeFi growth.
In keeping with 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, gasoline charges, and scalability points have pressured builders and customers alike to hunt chain alternate options, resulting in an elevated curiosity in Layer 2 and various scaling options.
For builders that need to guarantee they stand out amongst lots 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 workforce 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 folks to not solely 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 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) help allow builders to make use of Ethereum contracts whereas protecting transactions scalable, quick, and low-cost.
By way of the Drive 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 can be fine-tuned over the following few months all through the Mainnet Beta program.
Upcoming neighborhood tasks embody the mainnet launch of Yokaiswap, a next-generation interoperable AMM decentralized alternate (DEX) constructed on Nervos that can allow annual share yield (APY) incentives for yield farmers.
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