NGK blockchain: an industry platform that carries larger scale commercial applications
Blockchain has gone through the first-generation blockchain after pure token use and payment; it has also experienced the second-generation blockchain era marked by the application of smart contracts; now it has entered a large-scale commercial application which implemented as the standard third-generation blockchain. For large-scale business to truly implement it, the most basic condition is that the performance throughput and state capacity of the underlying blockchain can keep up, and the threshold for blockchain use is reduced.
After several years of technological precipitation, the NGK blockchain retains the main characteristics of the blockchain such as decentralization, openness, and anonymity from the bottom. Comprehensive technical breakthroughs have been made in system scalability, security, distributed storage, consensus mechanism, and compatibility, which are expected to lead the blockchain to a new era.
The original intention of NGK blockchain design is to be a new generation of blockchain application incubation platform that surpasses Ethereum, and it is a Turing completeness computing, development, and application platform. As the industry “base” platform, NGK blockchain provides technical support for high-quality projects in the industry, cooperates with software and hardware resources, promotes ecological co-creation, gives digital assets the unlimited vitality of subversion and evolution, and injects a continuous power into the entire blockchain industry.
As we all know, Bitcoin can only conduct about 7 transactions per second, and Ethereum has about 10–15 transactions per second. The low TPS has always been the biggest obstacle to the development of blockchain. The real reason why TPS cannot be improved under the traditional POW mechanism is mainly because all wallet transactions are stored in memory, which increases the memory usage, and the UTXO transaction model reduces the retrieval speed, and finally causes the node storage transaction to be too bloated.
As the pioneer of smart contracts, Ethereum did not adopt a highly reliable UTXO model in its design, but its related transactions are still unstructured data. In addition, because the design of smart contracts exists globally, all nodes are required deblock file traversal execution makes Ethereum’s TPS failed to achieve a qualitative improvement.
In response to the above pain points, the NGK blockchain has carried out a comprehensive reform and innovation at the bottom technology:
1. Million-level concurrent processing. The dual-architecture blockchain system is the first to pass inter-chain transactions and confirmations, so that different transactions can be executed on different chains, with distributed processing capabilities.
2. The bottom processing speed. The data processing per second under a single node of terminal equipment can reach 5000+TPS, and with the help of sharding, it can reach millions of TPS, which is more suitable for commercial system applications in the whole industry.
3. Side chain technology. Each participating NGK individual can create one or more ecological chains, and have autonomy, isolated from the ecological chain, but own the same credibility as the main chain.
4. Change the memory driver into a database driver. The UTXO transaction model is retained and new cross-chain molecular structure storage is added to it. The original node single database is divided into a block database and a wallet transaction database, which greatly saves node query time and improves transaction speed.
5. One-click winding. Provide technical support to enable developers to quickly release digital assets and develop DAPP in lightning development.
6. Adopt the original DPOSS consensus mechanism. Under the DPOSS consensus mechanism, nodes do not need to spend computing resources to solve complex mathematical logic, and the time interval for generating new blocks is predictable.
7. NGK blockchain’s original cross-chain agreement. It can accommodate the differences of all accounting systems, achieve rapid cross-chain interaction by developing a unified payment standard, and create a unified transmission protocol.
In addition, through bridging, platform users can obtain an independent general administration for unique identification, which serves as a voucher for the target asset to circulate in the NGK value network, and achieve asset transfer between different blockchain ledgers through distributed ledgers, turning the NGK blockchain into a bridge connecting every scattered island in the blockchain, realizing the cross-chain value transmission of digital assets.
The technological innovation brought about by the NGK blockchain will bring the industry to a new height and dimension. In future, the commercial processing speed of million-level TPS and efficient cross-chain interaction will become the trend of blockchain and even the entire internet industry.
At the same time, NGK blockchain relies on technology and resource capabilities, focusing on technology and platform building, extracting experience from projects, sharing with others, forming a shared ecology and let the best in the industry give full play to their advantages, develop high-quality projects, promote the accelerated integration of technology and industry, give the entire blockchain industry unlimited possibilities for outward expansion and application implementation, and ultimately promote the orderly development of the industry and the entire society, and giving mankind unlimited possibilities in the future