The Nervos Common Knowledge Base (CKB) is a preservation focused, “Store of Assets” public permissionless blockchain and the base layer of the Nervos network. Nervos generalizes Bitcoin’s UTXO model, creating a ‘cell model’ that supports smart contracts and Layer 2 protocols with a RISC-V virtual machine.
Check out the Nervos CKB in a Nutshell article!: https://medium.com/nervosnetwork/nervos-ckb-in-a-nutshell-7a4ac8f99e0e
Nervos CKB Testnet Mining Competition - https://mineyourownbusiness.nervos.org/
To provide the community increased opportunities for involvement in the construction of Nervos CKB, the Nervos Foundation has officially decided to sponsor and host the Nervos CKB testnet mining competition. Anyone (outside of U.S. citizens unfortunately 😬) can participate in the event by mining testnet tokens and compete for a total prize of 1 million mainnet CKB tokens.
Reward One: Mining Whale Awards
Block rewards produced by each address will be ranked. Upon the completion of competition, the top three addresses that have mined the highest amount of block rewards will be rewarded as follows:
First place: 200,000 CKB Tokens
Second place: 100,000 CKB Tokens
Third place: 60,000 CKB Tokens
Reward Two: Lottery
At the end of competition, 64 addresses will be randomly selected from addresses that have produced blocks (with the top three addresses excluded) and will be given 10,000 CKB tokens as rewards.
Lottery Rules:
We will release the code base for lottery drawing ahead of time and use the block hash of the block at Nth block height as the seed for random number generation for selecting the lucky addresses.
We will announce a hash at the same time; the hash’s preimage will include information about N.
Participants will be able to use announced hash and lottery code to verify the outcome of the lottery.
Dates
Start Time: Saturday, June 15, 2019 6:00:00 AM UTC, UNIX Timestamp: 1560578400
At this time, participants can download the latest version of CKB client (v0.14.0) from GitHub releases https://github.com/nervosnetwork/ckb/releases, start a node, join the testnet and start mining.
End Time: Saturday, June 29, 2019 6:00:00 AM UTC, UNIX Timestamp: 1561788000
Based on the UNIX timestamp of the block, the competition will end and the block reward rankings will be calculated.
How to Participate
To start mining on CKB testnet, simply follow the steps outlined in the official guide https://docs.nervos.org/ or community-created tutorials https://talk.nervos.org/. A CKB blockchain browser https://explorer.nervos.org/ is available to check mining rewards.
Upon the completion of competition, we will calculate block rewards mined by each address. The accumulated block reward of each address during the competition will be the basis for determining the competition's winning miners and recipients of CKB mainnet token prizes (testnet tokens gained by transactions will NOT be counted as block rewards).
Rewards will be distributed directly to respective addresses on CKB mainnet. Hence, please exercise caution when managing your private key as it will be your sole means of claiming your CKB mainnet token rewards.
Things to Note
- This is the first round of competition in a series to come. It is possible that the future rounds will have different rules and rewards.
- CKB tokens rewards will have a lock-up period. The specific block height at which these reward tokens will be unlocked will be announced prior to mainnet release.
- Corresponding addresses for the same private key might differ on testnet and mainnet due to differences in algorithms. Participants only need to hold on to their private key to be able to claim rewards.
- By participating in this event, you acknowledging that you have read, understand and agree to the competition terms.
Terms
Terms and Conditions:
- US citizens and US entities are excluded in this competition.
- The Nervos Foundation reserves the right to terminate the competition and change its related rules without further explanations.
- The Nervos Foundation reserves the right to refuse anyone participation in the competition based on reasonable suspicion.
- Participants will be responsible for any taxes associated with rewards distributed.
Disclaimer:
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There may be significant risks involved in cryptocurrency related activities. You may lose all your investment. Tokens involved might have high volatility. The Nervos foundation will not be liable for any potential loss, financial or otherwise.
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The Nervos foundation will not be liable for any loss, financial or otherwise. Please exercise discretion when participating.
Contact Us
- Telegram EN：https://t.me/NervosNetwork
- Telegram CN：https://t.me/NervosNetworkcn
- Nervos Talk：https://talk.nervos.org/
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