Nervos Network is a layer 1 that supporting developers to build dApps. Overall, the ecosystem are aligned with Shariah.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal" | Passed |
| Project | Nervos Network is a layer 1 that enables developers can build dApps that can interoperate between different blockchains. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | CKB or CKByte is used to secure store of value like Bitcoin, medium of exchange, use to execute smart contracts in dApps and even in renting out space on the blockchain. | Passed |
| Staking Method | Proof of Work highly depends on Computing Power by specific hardware. The reward system is based on transactions made across the world by being a validator. Proof of work reward system is permissible as the reward system does not contain Riba, Gharar, or Maisir. The system required high-cost resources to gain reward and has risks to bear. We stick to Islamic Legal Maxim "Hardship begets facility". | Passed |
Read the source document and verify project fundamentals.