Nervos immediately introduced that “Godwoken,” the primary EVM-compatible Layer 2 blockchain within the community’s multi-layer roadmap, is now in mainnet beta. Beginning immediately, builders can apply to be a part of Nervos because it goals to develop into the subsequent main DeFi ecosystem within the blockchain area.
Godwoken, our EVM appropriate Layer 2 blockchain, is now reside on mainnet beta 🎉
Extra information👉 https://t.co/kW1t2vai4R
— Nervos (@NervosNetwork) November 4, 2021
Bridging the Ethereum DeFi ecosystem
The foremost 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 present codebases to start porting their dApps to Nervos, enabling them to increase their person attain and model consciousness in a burgeoning community targeted on DeFi improvement.
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 alternative 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 hundreds of blockchains tasks throughout Ethereum and different ecosystems, Godwoken’s launch presents a first-mover alternative to shortly achieve traction inside the Nervos group and even probably earn funding.
“For our crew members and group members who’ve been with us from the very starting, Godwoken’s launch is a watershed second for our ecosystem,” stated Kevin Wang, co-founder at Nervos.
“We’re establishing a brand new blockchain customary—a method for individuals 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) assist allow builders to make use of Ethereum contracts whereas holding transactions scalable, quick, and low-cost.
Via the Drive Bridge, which just lately launched on mainnet, builders can provoke seamless transactions to Ethereum, with extra EVM and non-EVM chains to come back 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 group tasks embrace the mainnet launch of Yokaiswap, a next-generation interoperable AMM decentralized change (DEX) constructed on Nervos that may allow annual share yield (APY) incentives for yield farmers.
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