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Bitcoin:
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BTC Dominance:
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Upbit Announces Listing of Nervos Network (CKB)

Upbit

Prominent worldwide digital asset exchange Upbit has made public Nervos Network (CKB) listing on its site. Using the Nervos Network, this listing offers fresh trading prospects in marketplaces for KRW, BTC, and USDT.

Three hours following the announcement will find CKB deposits ready. September 13 at 17:00 is likely to be trading start date. Before making deposits, Upbit advises users to confirm they are using the correct network—CKB-Nervos Network. Unsupported network made deposits will not be handled.

Early on in trading, various limitations will be in effect. For the first five minutes following trade starting, buy orders will be restricted. Furthermore limited for the same period will be sell orders below 10% of the closing price yesterday. Additionally limited for roughly one hour following trading commencement will be market and reserved orders.

A layer-1 blockchain, Nervos Network is aimed at solving the scalability issues and provide optimisation of the digital assets ecosystem. It also uses the consensus model known as NC-MAX and has a Cell model similar to that of the Bitcoin UTXO. The network splits state generation and validation in to different layers to make it easier to manage scalability and add extra functionality. Currently, this is also true to make network fees and for participating in the smart contract-based DAO staking mechanism for governance.

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