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Good morning. I know that everyone wakes up really early. Thank you for being here. My name is Margie Faye. I am the marketing manager of Baitman. So let's get it started.
Well, today we have some very interesting guests. We have writer, Ren, CKP OG minor and Tom, CKP OG minor and developer, Vicky, globalmarkethag.beet, and Jonathan Lee, product CEO
of a big name. And today we have a surprise session, Q&A session, so I will ask a question. So whoever is the first to get the right answer will win. You can insert your answer in the comment section below. So it will be by the end of
our live stream session. Okay, so today's agenda will first start by introducing the guests and then we will have Tom speak about CKB project introduction and mining prospects. Then we'll have writer and CKB miners
And he will be talking about CQMiner's mining experience and expectations for new miners. Then we have Wiki to talk about CQP ecosystem development. And last but not least, we have Jonathan, Product CEO of Big Man to talk about K7 product introduction. And then we're going to our interactive questions.
Okay, so let's get us started. Tom, can you start by introducing yourself?
I don't think he's been promoted to speaker but I'm Ryan I'm an author and minor and happy to be here this morning. Great. I will promote him again.
okay i promoted him again but beaking you can go ahead
Thank you for having me. I'm a minor and also a developer. Thank you so much for having me today.
right and I think Jonathan is not here yet but he will be so let's get it started first. So let's start from you Tom can you tell us a little bit about CKB project and also what's your biting prospects? Yeah thank you so much for having
me on and I guess we can get into this a little bit here. So CKB project, I'm going to start off by introducing it from a high level and some of its key features to start with and then I'm going to go in and talk about some of the past mining prospects for some
of the old miners and go into some of the new tech and we kind of celebrate the evolution of how far miners have come for the NERVOS network. So CKB stands for Common Knowledge Base. The Common Knowledge is defined as knowledge that is known by every
or nearly everyone, usually with reference in the community in which the term is used. In the context of blockchains in general, and the nervous network in particular, common knowledge refers to state verified by global consensus accepted by all in the network. The properties of common knowledge
allows to collectively treat cryptocurrency stored on public blockchains as money. For example, the balances in history of all addresses on Bitcoin are common knowledge for Bitcoin users. Because they are able to independently replicate the shared ledger, verify global states since the Genesis block
and to know that anyone can do the same. The common knowledge allows people to transact completely peer to peer without putting any trust in any third parties. So next I'm going to touch on some of the CKB's key features. So CKB's Layer 1
Also known as a common knowledge base is the rock bottom layer of the nervous ecosystem. It's the foundation of nervous blockchain and it provides trust for all the layers that are built on top of it is designed to maximize decentralization while remaining minimal.
flexible and secure. It's primary objective is to reliably preserve any data and assets stored on layer one. Okay, so CKB is layer two or multiple layer two's and they all inherit from the proof of order
and security and decentralization of the layer 1 blockchain. So in NERVO's CKB layer 1 and layer 2 protocols work together to serve the underlying crypto economy. So the layered
architecture separates state and computation providing each layer with more flexibility and scalability. So blockchains on the generation layer layer two may use different consensus mechanisms. So as many of you guys know who are in the nervous ecosystem we have
Godwoken launch last year. And Godwoken is an EVM compatible optimistic roll-up which provides an Ethereum compatible layer on top of NERVO's CKB. And it was actually the first optimistic roll-up bill
on an extended UTXO blockchain, which is very interesting. So I'm in the next part. So Axion is a layer 2 sidechain SDK created by Nervus Network. Axion is designed for high throughput applications such as gaming and
social network and Axion will be an IBC compatible with Cosmos sidechain and that is here to release in the next handful of months here on the NERBOX network as another sidechain for the network. This brings me to my next point.
Interoperability and connecting DeFi ecosystems together. So for me, I believe that like the future is multi-chain and that like if your ecosystem is siloed off in a single blockchain and it can't
talk to other protocols, it's going to ultimately fail eventually I think. And Nervos is able to, sorry about that. Nervos is able to accomplish this by having a really versatile BM, that is very low level.
And they've started to interrupt you. No, I do think that the future is definitely multi-chain. Thanks for talking so far. They do have a few bridges, right? Like BNB, they bridge to BNB 3M so far. Yes, they have. Yep, that's right. And I know there's
There's more bridges that are in the pipeline right now, and there's some that are very close to it. They're all done on the nerve-os side, but how bridges work, you got to have operators on both sides of the chain. I know for a fact there's Cardano Bridge that is mostly
done and then Polkadot Bridge which is completely done on the nerve-os side. I know there's some still some work that has to be done on the Polkadot side. But yeah, thank you for adding that. I appreciate it. Yeah, I definitely agree with more interoperable. Everything needs to be interoperable for the future of deep-off
and all these projects coming forward and CKB is definitely standing at the front of making those connections. Yeah, no it's really exciting and it's like for me being a developer like what makes me excited is that there's options for the future. Like so with the CKB VM I'm just gonna just
touch on this real quick. So the NERVOS layer one operates the lowest foundational level by emulating hardware itself on its virtual machine. This enables it to adapt quickly to future changes in the industry because the developer is given the flexibility of a full computer and a blockchain environment.
adapting new cryptography as in the fundamentals of another chain is a massive undertaking that requires a hard fork on many other platforms on NURBOs. It's as simple as importing a new library into your smart contract. I think it's VM as
It's great of strength for sure. It allows it to be flexible and react to like market conditions rather than just saying, "Oh, hey, I'm a solidity chain. We're always going to have this EVM, but we can also create the multiple side chains running to save partial to move, your partial move maybe."
Something like that. Right. Well, like what's what's great about this type of architectures that like, you know, later down the road, you know, like we can be able to add more layer two changes time goes on and like ideas that haven't even been thought of yet, you know.
will be able to be executed in the future. So it's really exciting for me. The thing you want to say they can predict the market. I think they're definitely lying to you but we don't have a crystal ball so being able to be flexible and like that is very, it's a huge core strength in nervous. That and with its inflation
and CKB, CKB bites some of those important strengths. And I'm sure we'll hear about that later on. We hear from some of the DAPIT people today, but another really important part of NERVA
This is a storage, state rent storage, which provides clear ownership over assets on the chain and pretty much makes it so state below isn't as much of an issue on the nervous blockchain.
my next section here, I kind of got a lot to say here and I don't want to go over my time. So my next section I'm going to get into here is mining prospects and I'm going to kind of go down a trip down memory lane of some of the past miners and some of the
mining environment that we were in at the time when those miners were out and how we transitioned from different heirs of miners and how the network hashrate grew and shrank in that time. So let's get into it. So on November 16th, 2019, Nervos Network made
it was launched and for any of you guys I'd like to know that was exactly just about three years ago. So the first area, I'd like to call the GPU/FPGA mining area. So upon the release of the nervous mainnet
CKB started out being mine with GPUs initially, but just days after MadeNet launch, Bitstreams became available on the open market for the Alvio U200 Xylanks and the BlackMiner F1 FPGAs. So the BlackMiner F1
F1 was a nerve-os bit stream and it was about, it had a hash rate of 22 gigahas per second at about a thousand twenty watts. Compare that with the leading GPU at the time which was a GTX 1080 Ti in
minors, probably remember that card if you're in the GPU mining, but that card produces about 1.1 gigahash at about 200 watts. So the FPGA minors that came out right when the chain was launched were about four to five times as efficient as the most efficient GPU