Blockchain Project of Cross-chain Technology — NGK Blockchain Project
Among the problems faced by blockchain, interworking between blockchain greatly limits the application space of blockchain. In particular, the competition between the blockchain, the development of their own things, formed an isolated island of value, some projects are indeed more prominent in some aspects, but looking at the overall situation, there are their own drawbacks. Blockchain developers can’t use the advantages of each chain to develop applications based on different chains, so that the vision of blockchain and entity docking can not be implemented again and again. The pace of industry development has been hindered, so the interaction between different chains needs to be opened.
Whether for blockchain or private chain, cross-chain technology is the key to realize value Internet. It is a good medicine to save blockchain from scattered isolated islands and a bridge for blockchain to expand and connect outward.
The early cross-chain technology paid more attention to asset transfer, and the later cross-chain technology paid more attention to cross-chain infrastructure, while the latest cross-chain technology realized multi-currency smart contract. It is a kind of blockchain with great application value. It can produce rich cross-chain financial applications.
The essential problem of cross-chain communication is to prove the credibility of transactions between chains. At present, cross-chain communication is not only an independent solution and development scheme, but also a basic technical support for the development of the whole blockchain. NGK interchain communication created by the blockchain as a solution to achieve high concurrency, the interchain communication technology is used to construct the flow channel between multiple chains, and the carrying capacity of the whole NGK decentralization blockchain ecology is increased by the way of horizontal expansion. From the application of NGK blockchain to cross-chain technology, we find the practical significance of cross-chain solution.
NGK cross-chain is composed of relay chain, application chain and cross-chain gateway. It has three core functions: general cross-chain transmission protocol, heterogeneous transaction verification engine and large-scale multi-level routing. It provides reliable bottom technical support for the formation of blockchain interconnection network and the interworking of value island.
The developers of NGK cross-chain communication successfully construct network protocols between different chains and realize more than two NGK secure and reliable interactions. Users can send transactions and messages between chains. Cross chain smart contract is an important part of NGK cross chain technology. Cross chain smart contract can make two chains interact and transfer assets from NGK to other chains. NGK cross-chain technology allows users to transfer all assets NGK the ecosystem. With the gradual expansion of NGK ecology, the NGK blockchain can add more chains, NGK cross-chain will be interconnected with more chains in the future.
NGK adopts cross-chain interactive network consensus algorithm, similar to the Byzantine fault-tolerant consensus engine, has the characteristics of high performance, consistency and so on. Under its strict bifurcation responsibility system, it can prevent malicious participants from making improper operations. NGK cross-chain technology not only supports asset swaps, but also complements data exchange and services.
Future blockchain must be a lot of different functional chains to exist and develop together, NGK cross-chain technology to build a real chain and chain bridge. As the cross-chain technology continues to mature, it is believed that NGK adopts its own main chain, other blockchain cross-chain technology coordinated development, the development of blockchain industry plays a leapfrog role.
The future blockchain must contain a lot of different functional chains to exist and develop together, NGK cross-chain technology builds a real chain and chain bridge. As the cross-chain technology continues to mature, it is believed that with NGK main chain, in coordinated development of other blockchain cross-chain technology, the development of blockchain industry can play a leapfrog role.
