NGK’s public chain focuses on financial sector to help DeFi create their own new path
The path of competition and exploration in the public chain has never stops since TPS and DaPP involved into eco-competition.
TPS was treated as an important indicator of high performance in major public chains. In this competitive circuit, many public chains were keen in advertising TPS in high value mode as standard for each chain.
TPS returning in rationality under market’s pursuance whereas DAPP has become one of the important indicators in new round of competition in the public chain. In early 2019, DAPP applications in major of public chains began to warm up in the heat of battle. However, the downturn and popularity have left DAPP in awkward position and unbearable and it went through depletion.
Since that, public chain has been faded out. Recently, DeFi has become a hot topic in the industry. Its new model of centralized finance contains great vitality in high amplitude of openness and sufficient financial in digital assets as its core. There are thousands of DeFi projects in the market, covering all areas of traditional finance, such as loan, derivatives, forecasting markets, insurance, and etc. DeFi has gained some popularity as per expected.
DeFi has led many central organizations or public chains come out with variety businessed which commonly known as DeFi Businesses. DeFi’s primary core attribute is to fully open in market and this is neglected. From an open point of view, the advantages of the fully open of the NGK public chain is better suited to the DeFi ecosystem.
Based on functional localization, NGK is committed to centralization thoroughly to create public chain ecology. It will be a borderless system, as per reflected in the subsequent progress of NGK.
From the operational point of view of DEX, DEX’s centralization is different from the traditional. NGK’s DEX is running based on blockchain point-to-point networking, which undoubtedly has a great revolutionary impact on the industry, and this putting back public chain ecology system returned to the origin of DEX blockchain technology.
DEX operational mode is under fully opened basis of NGK. NGK provides all nodes across the network with all the core technologies they need to operate a DEX. In other words, app developers will be able to build a centralized trading platform, issue their own currency, and so on without having to bear any server costs. As a result, NGK nodes have more controlling rights and freedom to manage over their assets.
Apparently, DeFi meets majority requirements in the market. It manages to trade using digital asset as the core of the needs and demand of credit. NGK as a public chain of commercial applications has the attributes to attend with the financial business by allowing user to issue their own digital assets based on the public chain. This shows that NGK’s financial business has a great potential.
NGK has power potential to help DeFi with maximizing its prosperity and advantages. Based on the Defi issuance by NGK, users are now can explore new scenarios for distributed finance to create and refine a high autonomous financial system based on blockchain technology and digital assets. NGK is taking and matching orders together to place on decentralized chain design, by using trading application — DEX to ensure data transparency with greatest possibility.
In addition, NGK cross-chain technology brings up another full scene and large-scale design of chain, commercially apply in and literally formed out with a system based on a number of ecological co-constructions. In the future, DeFi design can be used in customizing for different financial applications.
, NGK has been advantaged regardless of its opening scheme, the foundation of the financial business, or performance of the public chain designation. NGK will be soon becoming market leader in advanced as DeFi is doing prospering.
