How does NGK’s bottom technology promote the high price and security of the SPC sub-coin VAST?
Recently, NGK adopted a new sidechain technology to launch a new SPC sidechain token, as well as the SPC’s sub-coin, VAST — — a Visa coin.
NGK uses a decentralized and open source blockchain data distribution protocol to build a high-fold token, striking to become a cultivator of high-fold token trusted by participants in the ecological construction.
According to the latest official data, the maximum issuance of sub-coin VAST has reached 100,000. If the rule is to release VAST on average each time, there are about 4,000 VAST to be released each time, and the total number of issuances will be released 25 times. The necessary condition is that the computing power of the NGK’s entire network must reach 8 million. After that, every 500,000 increase in computing power will reward a VAST star value to the account of ecological construction participant on the day. The value of the SPC sidechain token is the value awarded by the VAST star value. For example, there are 18 SPC sidechain tokens in the account, then the official will issue 18 VAST star values to this account. According to the official announcement, the conversion ratio of star value to VAST currency is 10,000:1. This ratio may seem shocking, but it is considered the regular range in the crypto market, the Bitcoin usually offer greater number than this value.
Let us give you a thought. If user B exchanges a VAST sub-coin on the day when the star value is released, theoretically B uses at least 10,000 Star value to exchange it. This means that B’s NGK account must have at least 10,000 SPC sidechain tokens. It is the complexity of the system designed by NGK that ensures the absolute decentralization and security of VAST. Similar to Bitcoin, as it requires seven authentications before it can be transferred. These multiple steps can improve the security of VAST and make ecological builders more assured.
Blockchain applications always have problems such as finality, chain reorganization, and secure query. The NGK technology aims to solve these problems. Through the sidechain, users can use API to access and realize NGK to index the blockchain data. According to the team, “they will achieve complete decentralization in the future, allowing more nodes to participate and be responsible for maintaining the index.” In addition, the developers can also build and publish various APIs and execute queries on NGK.
The users’ interest in the NGK platform continues to grow. Since September 2020, the number of NGK queries has reached more than 1 billion times.
In February, the SPC sidechain token and its sub-coin VAST will be launched on mainstream exchanges. Now is your last opportunity to enter the market. What are you waiting for?