How does NGK build a new world of heterogeneous cross-chain DeFi?
How does NGK build a new world of heterogeneous cross-chain DeFi?
Recently, the development of decentralized DAO and non-homogeneous NFT has been widely concerned by the industry. But none of these developments has really driven the market to another boom.
At its root, demand for DAOs and NFTs is still relatively small, making it difficult to stimulate market demand. If the enthusiasm for market participation is to be truly renewed and the market boom is to be driven, market pain must be targeted.
The real pain point in the market is that there are high barriers to the flow of all kinds of encrypted assets, which impede the free flow of assets and the interaction of public chains, and thus prevent DeFi from developing in depth.
How to realize the barrier-free circulation of assets, break the island effect between public chains, become the key to the next development of DeFi and encryption market — cross-chain may become the next hot spot.
We all know that the consensus mechanism is the core of blockchain, and cross-chain technology is the key to realizing the value network, which can make different blockchain realize mutual operation, thus forming the “Internet” of blockchain, realizing greater application space and value.
Simply put, a cross-chain is a protocol that transfers assets from one blockchain to another, and can safely return to the backbone from the other. On the way of promoting the development of DeFi, NGK chooses the breakthrough based on cryptography technology to do cross-chain support, combined with trusted multi-party computing elliptic curve digital signature and zero knowledge proof cryptography tools, to achieve the cross-chain asset private key core node signature, and distributed generation.
NGK public chain adopts DPOSS consensus, and adopts three-layer node model — common node, consensus node and core node, to process the cross-chain related data and store key distribution and sign transaction. One of the advantages is to ensure the efficient processing performance, users can achieve lightning charging on NGK public chain, the time can be basically within 3 seconds; The second is to ensure the security, to ensure that the private key can not be leaked, and the unhealthy assets can not be freely circulated on the chain.
In addition to building cross-chain channels for encrypted assets, NGK public chain also provides trading channels for these cross-chain assets, launching its own decentralized cross-chain exchange DEX, which allows users to trade on the chain.
In fact, DEX is also the hot track on this DeFi. Whether it’s the big three exchanges or NGKs, they’ve chosen the DEX track after entering DeFi. The reason is that the potential of DEX is growing.
NGK supports automated market makers, such as the working principle of NGK’s decentralized finance, that is, market makers and traders, when market makers put money into a liquid reserve pool, injecting momentum into market transactions, all users can freely exchange it, using the conversion function will generate a certain handling fee, the resulting handling fee will return to the liquid reserve pool to distribute to each market maker on average, which is also the basic operating principle of DeFi.
The advantage of NGK’s DeFi is high performance, but low cost. Inefficiency and high fees are two of the most critical aspects of Ethereum’s central trading, particularly the DeFi boom, which saw ETH’s network become so congested, the gas bill skyrocketed, and once a single transfer reached one ETH.
NGK adopts DPOSS consensus mechanism, TPS can reach over 8000+, effectively improve network efficiency; And the transaction is cheap, less than 1% of the ETH, and is good for attracting the target users of the decentralized transaction.
In particular, NGK supports any currency transaction across links, not only in ETH, but also in other mainstream currencies such as BTC; While access is non-threshold, efficient matching ensures privacy protection, ensuring safe, reliable, and complete chain verification of funds.
The NGK aims to create a fully equitable decentralized closed-loop financial ecosystem.
