BGV reached US$548. The market is paying attention to the NGK technology behind it
Previously, the JPMorgan Chase accused the BTC and the entire token industry “a scam.” Now, the JPMorgan Chase issued its own JP Morgan Coin this year! Many KOLs of the financial world are the BTC fans and the number is increasing. This year, the author of “Rich Dad Poor Dad”, Robert Kiyosaki tweeted: “The Federal Reserve can’t save you with printing dollars. You should buy gold, digital assets and BTC to save yourself”. This trend spreads directly even to the entertainment industry. First, the author of “Harry Potter”, JK Rowling posted on Twitter, asking the netizens to explain “What is BTC?”. Then, the well-known female lead from “Game of Thrones”, Erya posted on Twitter, saying “Should I hold BTC”. These Twitter posts have attracted countless reposts and replies inside and outside of the industry.
The BGV DeFi dedicated token has reached a weekly high of US$548.78 at 23:05, December 23. The circulating market value reached nearly US$5.49 million, an increase of 10.34% within 24-hour and an increase of 89.92% within 7 days.
The high BGV token price makes everyone pay more attention to the technology behind BGV. The BGV technology comes from the NGK’s Spirit Stone team, and its members are mostly from the Internet giants in Silicon Valley, such as Oracle and Amazon. The team has more than ten years in the blockchain industry.
Besides, the NGK uses specific BOE hardware (i.e. Blockchain Offload Engine), which cooperates with the NGK’s DPOSS consensus algorithm to achieve a high performance and scalability.
The acceleration engine module is a hardware running on the transport layer. It can parse data packets without the involvement of CPU to save the CPU resources; the MAC module runs on the physical layer, and it processes binary data streams, directly connected to other devices in the distributed network. It also liberates the productivity of the CPU; the elliptic curve digital signature algorithm (ECDSA) is used to sign and verify the transactions and blocks. If ECDSA is not available, it must be run by the CPU. The realization of thousand operations per second requires extremely high CPU resources, which does not meet the system requirements. The use of an ECDSA can greatly increase the speed of signature and verification; the hardware random number module is used to generate the unpredictable random numbers instead of pseudo-random number that may be compromised.
The NGK uses the DPOSS consensus algorithm, which is technically upgraded based on the DPOS consensus algorithm. The DPOS consensus algorithm has certain defects. The NGK combines hardware acceleration with an election scheme based on smart contracts to improve its performance and solve the problems of its own security and system autonomy. In addition, it can also optimize and improve certain aspects of network, storage, and operating efficiency.