NGK is a blockchain system developed by the top technology team in the United States. It aims to achieve millions of TPS through parallel computing and solve the issues in the existing blockchain applications, such as low performance, difficulties in development and excessive handling fees.
From the concept design to the deployment, the NGK project has attracted wide attention since the beginning. NGK is a master of blockchain technology. It introduces advanced concepts to govern the community, ultra-high frequency concurrent processing capabilities and ultra-scalability that achieved the transcendence performance of centralized server in the blockchain’s technology.
At present, the distributed applications on the blockchain are generally developed based on the Ethereum’s technology. In fact, the design of Ethereum was aiming to run some commercial applications on the Ethereum. However, a transaction congestion happened in the Ethereum network last year. It was caused by the performance problems of Ethereum. Compared with the transaction processing capabilities of traditional businesses, the transfer throughput of Ethereum is not applicable for commercial use. Besides, the Ethereum charges a processing fee for every transaction. To be precise, every accounting is charged because the accounting is the only source of income for the miners on Ethereum. The bill is recorded on the block. Thus, it involves a significant cost for the commercial applications with a relatively large processing volume.
Currently, none of the blockchain is suitable for commercial purpose and thus, there is no phenomenon-level commercial application of blockchain. What are the requirements must a basic blockchain meet in order to promote the DAPP? The answer is given in the NGK white paper: a blockchain that can support millions of users, free, flexible upgrades, bug fixes, low latency, timing, and concurrent performance.
As a new blockchain, NGK is similar to the underlying operating system of the blockchain world, and similar to the Windows or Mac OS in the Internet era. By creating a developer-friendly blockchain platform, it supports simultaneous operation of multiple applications and provides an underlying template for the development of DAPP.
In addition, NGK solves the problems of delay and data throughput through parallel chains and DPOSS. NGK can process millions of transactions per second without handling fees and supports a wider audience. Based on a distributed computing platform, NGK implements various functions such as the account management, identity authentication, database management, asynchronous communication, and application scheduling, enabling the rapid deployment of blockchain applications. Besides, distributed applications can be scaled freely in the vertical and horizontal dimensions. Though there are many applications on the chain, each application can be very great.
If NGK manages to achieve million-level TPS, it will inevitably produce high-frequency commercial applications used by large-scale and massive users. NGK can effectively solve the problems of poor expansion and performance encountered by the developers from the current blockchain and applications. When the technical indicators achieve a breakthrough, it will definitely play a huge role in promoting the entire blockchain industry.