So if you want to transfer assets to the nervos

Question

So if you want to transfer assets to the nervos

network you are good, unlike binance smart chain and ETH I guess. Does anyone know about this topic? I’m looking to understand the value and importance of the CKB token inside the Nervos Network and for other blockchain ecosystems

#cryptocurrency #english #nervos

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16.10.2021

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Rose

Atilio
it means that if you transfer Ether or ERC-20 toke...

Nervos $CKB has its own mainnet and is not an ERC/BSC/HECO token. Visit our linktree to know more 👉 linktr.ee/nervos

0

16.10.2021

Cesar R Автор вопроса

Atilio
it means that if you transfer Ether or ERC-20 toke...

Ok, I think I am know understanding, I am a new student of the industry and technology. I appreciate the explanation! Thank you

0

16.10.2021

Atilio · Accepted Answer

it means that if you transfer Ether or ERC-20 tokens (DAI, USDT, etc) to Nervos layer 1, the token will first be locked in the ethereum smart contract and at the same time it will be minted the corresponding sUDT token at the Nevos side to maintain this ether. So in this case you do not pay fee. But if you transfer this ether back to ethereum, this sUDT token will be burned and the ether will be released from nervos for this transaction to succeed. A fee in CKB will be charged according to the amount needed of the sUDT you minted before. The CKB fee will be used to garantee the security of this called nervos force-bridge.

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So if you want to transfer assets to the nervos

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