American time in October, NGK will be put on main met, officially opens a new chapter in the chain application, boost the globalization with blockchain technology.
NGK team, as a commercial applied distributed blockchain operating system, has completed the development of consensus algorithm, identity authentication system, asset chain, DAPP application and other core modules after 3 years of dedicated development. The whole bottom architecture, such as P2P network, consensus layer, contract system and application development protocol and interface, is built. Users can view block details through blockchain browsers.
NGK chain identity system, accelerate application business era
Because of the multifaceted nature of human identity in real life, the real available identity is complex and needs flexible design to meet all kinds of needs in reality. For convenient use, NGK designed the identity credit system on the chain to realize the close combination of social credit, infrastructure and commercial application.
Unlike other blockchain applications that emphasize anonymity, the chain address of the identity chain will be verified with a unique entity corresponding to it. Based on contract system and cryptographic technology such as key, NGK can realize the real existence of users in the chain without exposing any personal identity privacy. Based on this feature, NGK can be compatible with most of the financial and commercial application scenarios, and promote the landing of blockchain applications of various blockchain addresses corresponding to authenticated user entities, which will have a significant impact on social media, personal credit, business promotion and other fields.
DPOSS consensus algorithm, truly achieve decentralization
When the address on the chain has a real identity, it means that the address on the chain is rare. The forward correlation VRF, combined with BFT mobile checkpoint mechanism is constructed by signature to ensure the high efficiency of NGK main chain.
What is worth mentioning is that the NGK new consensus algorithm DPOSS, use the main account information of the pass with the verifiable random function to generate a verifiable random number, which can largely resist hacker attacks. Then the personalized random number and a common random number are converted into a predetermined weighted system to allocate hash difficulty according to random number. furthermore, DPOSS adjusted the out-of-block weight. simply speaking, if you have never been out-of-block before, then you will have a large probability of getting out-of-block weight next time, avoiding the concentration of out-of-block weight, or even 51% attack.
Main network online, NGK ecology boosts global development
The NGK main network means the opening chapter of application on the chain and constantly improve the ecological construction. NGK team is committed to bringing investors, users and developers together into the same platform to build NGK network ecology and help the development of globalization. At present, NGK has been in catering, games, tourism and other ecological development direction of successful cases, with more potential strategic partners to negotiate and contract process.
The biggest application of blockchain is in the financial industry, especially cross-border. NGK also makes some insurance, stored value cards, coupons into token, so that everyone can have access in the world. In addition, apply blockchain trust through the token economy is a relatively general direction of development. For example, personal credit token, financial assets token, commercial credit token, consumer rights token. When all the products that can be confirmed are verified, the whole market will really reach the complete market in economics, which will be of great boost to global consumption.
The launch of the main network is a milestone for the NGK project, but it is only a starting point for NGK. The NGK team will continue along the established route and devote itself to NGK ecological construction and leading community supporters to realize the vision of decentralized commercial blockchain.
