Defi will help to implement the NGK Global
Defi means the decentralized finance. It uses a decentralized way to realize the peer-to-peer transactions. In the history of Defi, Bitcoin is the first Defi application. However, Bitcoin is so successful that it is a little overkill for Defi.
The current trend of Defi is more specific than Bitcoin, such as Link and Uniswap, which have redesigned the mechanisms of data communication and transaction. From the current point of view, the more it can solve the specific problem, the more value it has.
The NGK Global is an emerging blockchain 3.0 which will be officially launched in October. It can improve the scalability and its TPS capacity can achieve the test network of 5000+. This is enough to meet the deployment of large-scale commercial applications and the layout of the Defi.
This layout is manifested in two aspects. One is to build an excellent development environment for the Defi applications. The NGK Global’s technical architecture includes three parts: application layer, protocol layer and plug-in layer, and it supports C++ and JS dual contract engines.
One is to design and create its own stablecoin system, USDN. The stablecoin itself is a mature Defi application. In terms of stability, the team designed a currency algorithm to anchor the value of the US dollar. In terms of application, the USDN can be used as a collateral for the native token of NGK and used for the payment in various ecological scenarios.
As the popularity of Defi in the market continues to rise, the market benefits of NGK Global is increasing. Unlike other blockchain in the era of 3.0, the NGK Global was launched on the market with the specific applications and the designs were completed from the beginning. So, the benefits were not judged by speculation.
In order to support the establishment of Defi on NGK Global, the NGK Global deployed its own proprietary decentralized oracle. It is more decentralized compared to the other oracles on the market. As the only interactive medium for the smart contracts, it provides a solid foundation for the data communication.
Many players are aware that the oracle is getting popularity in the Defi sector. The Link is currently leading the market and the latecomer, Band is also on the rise. This shows that the commercialization of the blockchain is progressing well.
With that, the NGK Global is confident with its launching in October. According to the development team, a project is implemented to solve the specific problems. When NGK Global issued the white paper two years ago, it designed the solutions that could solve these problems. Now it is time to prove.