NGK witnesses an evolution in the blockchain world

There are three types of spread trading in the world: (1) time difference, which lies in the monthly or quarterly difference or even the annual difference; (2) price difference of the same product on two different exchanges, such as the Bitcoin arbitrage space between Binance and Coinbase; (3) price difference between two highly correlated products. Gold and silver as well as ETH/BTC belong to this third category because they have a highly correlated price difference. The positive correlation between gold and silver is as high as 77%, and the positive correlation between Bitcoin and Ethereum even exceeds 80%. Therefore, the price increase of Ethereum driven by DeFi is just a disguised inflation. In the short term, it is just a process of shuffling the Ethereum chips, and then swapping to the Bitcoin through the medium between Ethereum and Bitcoin.

NGK blockchain

A complete blockchain economy is still lacking a distributed and decentralized business. A complete closed loop is considered accomplished if the distributed network, database, computing, storage, decentralized ledger, decentralized governance, decentralized applications, and decentralized commerce are completed. Distributed commerce is the distributed market that I always emphasize on, it is the last holy grail of the blockchain world.

NGK has achieved good results in the area of encryption economy. The blockchain adopts a decentralized structure design and realizes the safe operation of the mainnet through cryptography, core algorithms, consensus mechanisms, and smart contracts. A decentralized system could prevent the impact of a single node failure on the network, because it is impossible for all nodes in the blockchain to be powered off or disconnected at the same time. NGK’s decentralized operating system is highly resistant to attacks. It is almost impossible to attack all nodes at the same time. The cost of attacking the decentralized operating system will be much higher, and attacking any single node will not cause any impact.

NGK blockchain

NGK believes that an underlying application system has several conditions, and it is necessary to provide the developers or project parties a deployment and distribution environment integrated with low threshold bottom technology, easy operational method, and low-cost application development. However, there is still one important point: the underlying application system must have the important factor of “trusted location”. The current breakthrough of the blockchain does not start from consumers, but from the developers instead. The first project that can provide the distributed market tools will be the first to go to the consumer side because it solves the problem of project development in the blockchain world.

History is advancing in a predetermined direction, because no one can go against the trend. The simplest general-purpose tools are often the most difficult, such as Ethereum’s ERC20, which is a very simple but ever-changing tool. It doesn’t matter what project is issued; the important thing is to use it to issue coins. From this point of view, Ethereum is like the ocean who gives birth to the early forms of life and the species evolution in the early stage of the blockchain world. While the equivalent underlying application system will build a new world of blockchain.

NGK blockchain