Hello guys. Can you please introduce yourselves?
BZ: Hello everyone, good afternoon! I am Berzeck, NULS NTC members and community councilor. I am graduated from the Military Engineering College of La Paz, Bolivia, with a bachelor's degree in systems engineering. I have nearly 20 years of experience in system development and team management, served as IT director of a multinational company and project external consultant of the State Administration of Transportation.
I have been working for NULS since the end of 2018. With rich experience in using modular methods and microservices, I have led and completed the modular reconstruction of the underlying core of NULS 2.0 and the design and development of the microservice architecture with the other NTC members.
译文：各位小伙伴们，大家下午好！我是Berzeck，NULS NTC 理事成员。毕业于玻利维亚拉巴斯军事工程学院，系统工程学士学位。近 20 年系统开发和团队管理经验，曾担任跨国公司 IT 总监，国家运输总局项目外部顾问。我从2018年底开始为NULS工作，在使用模块化方法和微服务方面有着丰富的经验，主导并完成了 NULS 2.0底层核心的模块化重构和微服务架构的设计、开发。
Everyone knows that Nerve is currently very popular in the market, so can you introduce the NVT project first?
BZ: Nerve is a decentralized digital asset service network, which is a set of cross-chain interactive protocols based on the NULS microservices framework and developed with ChainBox.
译文：Nerve 是一个去中心化的数字资产服务网络。它基于NULS微服务框架， 使用 NULS ChainBox（链工厂的底层）开发搭建的区块链跨链交互协议。
Its goal is to eliminate the isolation problem that most blockchains have. Meanwhile, to establish a cross-chain interoperable asset interaction network, and provide all the underlying support for Defi applications ecosystem; letting digital asset holders enjoy truly secure, free and transparent Defi application services.
译文：Nerve旨在打破区块链价值孤岛，建立跨链互通的资产交互网络，为 Defi 应用生态提供底层支持。让数字资产持有者享受真正安全、自由、透明的 Defi 应用服务。
BZ：Here are some INFO for Nerve:
Nerve website: http://nerve.network/
Forum of the progress Nerve ：https://bbs.nuls.io/c/general/nerve-news/64
BZ：Nerve adopts a multi-layer and multi-chain architecture that integrates parachains and relay chains, and defines a set of interface protocols for public chain networks such as BTC and ETH, so that tokens such as BTC, ETH, ERC20, NULS, NRC20, etc. can be quickly transferred between different public chains.
This not only enables Nerve to form a differentiated competitiveness in the construction of the DeFi ecosystem, but it is also likely to become a landmark leap forward in the development of the blockchain.
There are also many cross-chain projects. What competitive advantages does Nerve have over other cross-chain projects?
BZ：Nerve is a project in the industry that truly realizes the technology of homogeneous cross-chain, smart contract assets cross-chain and heterogeneous cross-chainat the same time, while other cross-chain projects are still under development. Therefore, in terms of technical progress and landing, Nerve is already in a leading position.
BZ：Nerve is a Integrator of DeFi, which is including: heterogeneous cross-chain + cross-chain assets staking + NDEX (decentralized exchange), etc.
BZ： Currently NerveNetwork has 7 major technical highlights:
（1）Heterogeneous cross-chain, 15 virtual bank nodes manage cross-chain assets on the underlying chain; 35 consensus nodes package transactions and generate blocks; countless underlying nodes verify mainnet transactions for the underlying community governance and substitute at any time to ensure mainnet security.
（2）It can be confirmed within 2 seconds, Meanwhile the transferring service fee is almost zero, and it is the lightning network of BTC, ETH, ERC20.
（3）NerveDEX adopts the asset matching protocol on the underlying chain to realize the transparent transaction of multi-chain assets.
BZ：（4）Cross-chain mainstream assets, such as BTC, ETH, USDT, etc. can use NULS VM to implement various Defi and DApp applications.
（5）Docking a chain to realize multi-chain asset chain management, providing services for small exchanges, wallets, DApps, etc.
（6）Cross-chain Staking: It supports BTC, ETH, NULS participate in staking on the Nerve network to get NVT rewards.
（7）The concept of stable coin: through heterogeneous cross-chain technology, has the opportunity to become the capital pool of the entire blockchain world.
BZ： Nerve is designed to complement NULS blockchain, its design is a lot simpler than other cross-chain solutions because it doesn’t try to interconnect everything with everything and also doesn’t try to incorporate all possible features, for example, smart contracts are implemented in NULS and this functionality is not replicated in Nerve because it will use this functionality from NULS.
BZ： No matter what technology your blockchain has now, if it doesn’t have the ability to adapt to newer technologies your blockchain is destined to be deprecated, that’s probably the only constant in technology, especially in crypto!
BitZ饭饭：作为 NULS 公链的生态项目，NULS 为 Nerve 项目开发与落地带去哪些支持与帮助？Nerve 又能使得 NULS 公链获得哪些优势？ As an ecological project of the NULS public chain, what support and assistance does NULS provide for the development and landing of the Nerve project? What advantages can Nerve bring to NULS ?
BZ：NerveNetwork was born in the NULS technical community,NULS community provides Nerve with technological, business expanding, and ecological support.
BZ：The online of Nerve mainnet means that in the cross-chain field, NULS ecology has landed its comprehensive technology, and will bring more ecological projects and users for NULS. When the ecology and Defi applications become more and more, it will be formed a strong ecology like a huge pool.
BZ：Nerve's multi-asset staking design will provide NULS with real application scenarios, which will really enhance the value of NULS. Nerve supports NULS staking, In the case of equal asset value, using NULS to participate in Nerve staking, the default earnings will be twice of other cross-chain assets.
BZ：As an ecological project adopting the NULS technology system, Nerve will automatically support the cross-chain docking of NULS, so that NULS ecology can take the lead in enjoying the dividends brought by Nerve.
BitZ饭饭：如今 DeFi 已经衍生出借贷、交易、稳定币等许多方向，Nerve 对自身 DeFi 生态的具体发展方向有怎样的计划？Nowadays， DeFi has derived many directions such as lending, trading, and stablecoins, what plans does Nerve have for the specific development direction of its own DeFi ecosystem?
BZ：Whether it is a heterogeneous cross-chain protocol, DEX, cross-chain asset staking or the following stablecoin protocol, Nerve is the hottest concept in the current industry. NVT is born for DeFi!
BZ：（1) Nerve main chain asset NVT can participate in staking, and other various cross-chain assets can also participate in staking. This is an innovation for Nerve in the cross-chain and Defi fields.
译文：（1）Nerve主链资产NVT可以参与 Staking 挖矿，而其他多种跨链资产也可以参与 Staking 挖矿。 这是Nerve在跨链和Defi领域的一大创新和尝试。
BZ： （2）The NDEX （Nerve decentralized exchange）application of its own (currently in public beta) will be opened after the nodes; and it will be docked to the OTC trading system later.
BZ：（3) Nerve is based on the NULS microservice architecture, and supports other projects or teams to use the Nerve module to customize their own DEX. In this low-cost way, it is realized one-click customization of DEX. Then DEXs, which are comparable to centralized exchanges in the future, may come soon.
BZ：(4) Stable coin [post-module]: Main network assets NVT and cross-chain assets (BTC, ETH, NULS) can be staked on the main network to obtain stable coins (xxx) and enter the secondary market for circulation. NVT supports the access of DAO organizations.
译文：（4) 稳定币【后期模块】：主网资产NVT和跨链资产（BTC、ETH、NULS）都可以在主网进行抵押获得稳定币（xxx），并进入二级市场 流通，NVT支持DAO组织的接入。
BZ：（5) Nerve can connect various blockchain projects simply, economically and efficiently. And it is planed that we will integrate more high quality projects and stablecoins to construct Nerve's ecology and Defi applications in the future.
BitZ饭饭：2020年DeFi比较火热，怎么看待 DeFi 未来的发展趋势？
DeFi is hot in 2020, how do you think about the future development trend of DeFi?
BZ：The prospect of Defi is to build a decentralized financial system, to achieve the globalization of digital assets and Defi applications, so that let more people enjoy the convenient and transparent financial services.
BitZ饭饭：近期许多 DeFi 类应用遭到黑客攻击，这反映出 DeFi 市场怎样的问题？Nerve 能够避免这类问题吗？
Recently, many DeFi have been attacked by hackers. What kind of problems does this reflect in the DeFi market? Can Nerve avoid such problems?
BZ： For all the DeFi projects, security is the most core element. Most of Defi is coded through smart contracts, the security and efficiency of applications running on smart contracts are not as good as programs that are hard-coded directly at the bottom. Thus, Nerve has adopted a different architecture design from Ethereum.
BZ： Nerve does not have a smart contract， and the asset exchange protocol is supported on the chain. This protocol is directly supported in the bottom layer of the Nerve network and is jointly maintained by professional virtual bank nodes and consensus nodes. The systemic security risk is much smaller than the Defi application developed by smart contracts.
Nerve node election will start, how to become a Nerve mainnet node owner and participate in staking?
BZ：Nerve’s main network nodes are divided into three types: Common nodes, consensus nodes, and virtual bank.
The virtual bank is responsible for the maintenance of cross-chain assets, including the creation and management of multi-signature accounts or smart contracts for parallel chains, the creation and broadcasting of asset transfer transactions, etc.
The consensus nodes are responsible for the maintenance of the blockchain.
The common nodes are responsible for functions such as transaction collecting, block and transaction verifying, and providing services for applications.
This kind of multi-consensus mechanism model can help different types of users have the opportunity to participate in the Nerve node consensus process, thus improve the stability and fairness of the Nerve network.
BZ： If you want to become a Nerve mainnet node owner and participate in staking, you need to hold at least 200,000 NVT. If the number of asset pledges on your node can be ranked in the top 35 of the entire network, you can become a consensus node. If you can become the top 15, you will also become a virtual bank node. Correspondingly, you'll get more rewards for different kind of nodes.
BZ：In addition to self-holding NVT to establish nodes, the best way is to establish its own mining pool to attract more people to transfer the pledge rights so that you can establish nodes. In this way, it will have the lowest cost and more opportunity to rank in the top 35.
We know the Nerve has its own DEX, Can you introduce NerveDEX?
BZ：NerveDex is scheduled to be online in August. and is currently in public beta. Decentralized exchange is Nerve's first step in creating DeFi. Nerve has been embedded the decentralized exchange (NDEX) in its underlying architecture.
BZ：Meanwhile, it supports other projects or teams to use the Nerve module to customize their own DEX. For small and medium-sized exchanges, wallets, and DApps, they no longer need to spend much efforts to develop and maintain original asset management tools. Nerve can better meet their needs for multi-asset management convenient ly and low-costly.
Can you share with us the Nerve development plan of this year?
BZ：On July 10, Nerve mainnet has been launched; in mid-August, Nerve will open the nodes and staking system.
BZ： Q3 2020：NerveDEX trading platform, light wallet, staking will be available, and external interfaces will be opened.
BZ： After that Nerve will continue docking more blockchains. In the near future, Nerve users will access seamless to various assets of BTC, ETH, ERC20, NULS, NRC20 and NULS parallel chains, and there are plans to support more mainstream blockchains.
I believe that many users will buy NVT after the AMA. For the investors, the rise and fall of the market is a major thing for them. For investors in Nerve, what advices do you have?
BZ： As the DeFi heat wave continues, hundreds of DeFi projects have emerged on the market. When choosing a project, it is recommended not to blindly follow the hot spots, you must pay attention to high-quality projects and seize a good opportunity to participate.
BZ：Nerve standardizes the way different blockchain structures are represented allowing developers to focus on the functionality of their apps instead of worrying in the implementation details of each asset their application will support, so this is not a small part of DeFi, it is one of the most important requirement a Defi framework must have
About decentralization, as everything in life a compromise has been made so the platform is efficient secure and fast so its not perfectly decentralized, decentralization is a process not a product and right now there is no technology that can offer full decentralization, security and efficiency at the same time
BZ：2020 is too soon to hope for structural changes in traditional financial services, this will take a few years. About your second question it depends of course of the quality of code and the team behind it, in our case the developers behind Nerve hava managed to create 3 blockchains that have complete different architecture microservices and WITHOUT any single serious issue on main net launch, something not even biggest blcokchain projects manage to achieve, so this is the kind of thing investors should look up to.
Disadvanatges of DeFi are the latent risk of too tight regulation from governments, bad coding quality that can make a hackers paradise.
BZ：the biggest challenge was to design a system that it is a lot simpler than competition but at the same time at least as powerful, so thats why we didn\'t try to add DeFi features to NULS and instead we decided to split in 2 blockchains, which proved a very good decision.
BZ：Nerve is designed to complement NULS, instead of writting a single fat bloated blockchain that tries to do everything, we split in 2 lean and fast blockchains that have different requirements but feed from each other, for example Nerve will use some NULS\' facilities like the smart contract engine.