Public blockchain platform Nervos has announced the mainnet beta launch of Godwoken.
The layer-two blockchain protocol integrates Ethereum Virtual Machine capabilities and optimistic rollup mechanics to provide instant transaction finality and low fees within an Ethereum-like environment.
Built upon the existing Nervos layer-one network, the multi-chain solution seeks to capitalize on Ethereum’s well-documented drawbacks — most notably network congestion, high gas fees and scalability — and benefit from the growing importance of layer-two alternative platforms.
This long-standing roadmap achievement follows last year’s deployment of Force Bridge, a cross-chain bridge designed to enhance the interoperability of transactions such as those between ERC-20 tokens on Ethereum and its layer-one proof-of-work blockchain protocol, Common Knowledge Base.
With both Godwoken and Force Bridge now available, the allurement for Ethereum developers to transition their decentralized applications (dApps) to Nervos and become early adopters in the expanding decentralized finance (DeFi) ecosystem is rising. Kevin Wang, co-founder at Nervos, shared his expectations for the future of the project:
“We’re establishing a new blockchain standard—a way for people to not only build dApps across DeFi and sectors on Nervos but also contribute to the wider blockchain ecosystem, regardless of account model, consensus mechanism, and other factors.”
Nervos has revealed that the Godwoken whitelisting program is now open and accepting applications from dApp projects, especially those inherent on convincing Ethereum blockchain developers to build upon the ecosystem.
Community-based projects scheduled to release in the coming months include Yokaiswap, a mainnet interoperable automated market maker that is expected to facilitate annual percentage yield incentives for yield farmers.
Ray Schuetz received a Masters Degree in computer science from The University of Texas (Austin). Ray has been working as a full-time blockchain consultant for the past 3 years. In his spare time, Ray enjoys writing for EthereumCryptocurrency.com and other crypto news publications.