As the underlying infrastructure of the blockchain, the blockchain is the “operating system” of the blockchain world. A large number of blockchains have been emerged in the past two years, claiming to achieve large-scale application implementation, and adopted a series of measures to compete for DApp developers. Some rely on funds to attract the developers while some rely on technology. However, in the end only few of them are active. Even the star blockchains such as Ethereum and EOS can hardly hide their embarrassment.
After the exploration of blockchain 1.0 and 2.0, the current development trend of blockchain is to solve the system performance including scalability, security and regulatory compatibility issues to carry large-scale commercial applications. The NGK blockchain, which is positioned as an empowerment for maximizing application commercial value, integrates commerce and blockchain for the first time to create a new economic ecology, and its evolutionary path reflects the new development trend of the entire blockchain industry.
NGK.IO is a blockchain project initiated by the Spirit Stone in year 2018. The technical team already has mature blockchain technology, blockchain e-commerce technology, blockchain exchange technology, and blockchain cloud service technology as well as the other leading patent technologies, provide the bottom core technical support for the NGK blockchain.
Compared with many others blockchain projects starting from zero, NGK has obtained extremely good initial resources, which not only greatly saves on the development time and resources, but also obtains more reliable technical support compared to most of the others blockchain projects. For any blockchain, the prosperity of the application ecology is its greatest value, but due to the low performance and high transaction costs of Ethereum, it is not suitable for commercial-level application scenarios. For example, Ethereum requires a higher Gas fee per transaction, which will make it impossible to use in scenarios with a large number of users.
NGK has been entering from the commercial application since its emergence, positioning itself as the world’s first blockchain of commercial services, and striving to create a global value exchange ecosystem. From a technical point of view, NGK adopts a main-chain multi-chain structure and is based on the DPOSS consensus algorithm. In the year 2019 TPS performance test, the actual test has reached 5000+, and in the future, it will reach one million. This has laid a good foundation for the next step of application ecological expansion.
In the past few years, the blockchain has been very famous, and many projects have been competing for DApp development teams with development capabilities. However, how to continue to motivate developers and how to truly promote the implementation of DApp scenarios is actually very inexperienced and there are pits everywhere.
Unlike many others blockchains that try to attract developers through technology and high bonuses, the NGK blockchain has embarked on the road to empowering entities, providing a full range of services such as digital asset management system, wallet, business model design, economic model design, community construction and operation plans, and comprehensively assisting the transformation and upgrading of enterprises. As the first batch of NGK blockchain entities, the eight major sectors apply blockchain business thinking to realize economic model innovation, enhance the value of upstream and downstream collaboration in the industry, reconstruct business economic models, and exploring a complete, efficient and truly operable digital transformation path for traditional enterprises.
According to the person in charge of NGK.IO ecology, the entire industry is still in a prehistoric era: immature technology, distorted market shape, lack of sustainable business models, and lack of supervision. Under such environment, it is difficult for any project to be completely independent. How can the blockchain create value? In year 2020, blockchains are actively building a DeFi ecosystem and attracting investors through mining. This is very effective, but without strong technical support, this approach will not last.
The Spirit Stone has always had a goal, which is to use blockchain technology to serve entity enterprises and people’s lives, and to implement commercial applications. This is destined to be a more difficult process. After experiencing the evolution of multiple layers of reality, NGK’s strategy is clearer, the goal of evolving to the commercial application of the blockchain is firmer, and the understanding of the industry is more thorough.
From the perspective of the entire industry comparison, the NGK team is now in a good or even leading position in terms of technical reserves and commercial exploration. Once the innovative application direction is implemented on a large scale, it will be a major milestone in the development of the blockchain.
