What is NGK Wallet?
Today, a Singapore-listed company launched a test version of its cryptocurrency wallet for corporate customers, and the news quickly went viral.
Many people say they know something about blockchain, but they don’t know much about blockchain wallets.
What is a blockchain wallet?
Blockchain wallet is equivalent to the key management tools, in this wallet, contains a pair of private key and public key, private key is used for the user to sign transactions, and then prove that the user has the transaction output authority; When the user uses the wallet, the keystore, the assistant word, the plaintext private key are all the wallets.
So we understand the blockchain wallet, and then we can talk about what is NGK Wallet? The Background of NGK Wallet? What does NGK Wallet do?
1. What is NGK Wallet?
NGK Wallet is a wallet with a full blockchain ecology. All the digital assets traded at the time of transfer are completely under their control, any third party can store the assets, and truly has achieved the characteristics of decentralization.
2. Development context of NGK Wallet
(1) Difficulty of underlying structure
Many traditional blockchain platform on the market, most of the use of three-tier architecture, and some of the use of other architecture models, different platforms have different architecture system, which caused the transaction processing time is different, the calculation and storage structure is different. It is impossible for both platforms to communicate directly.
(2) Difficulties in business logic
There is always a problem with universal payment in traditional blockchain, which is the business model that is built on the technical level of traditional blockchain.
At present, NGK Wallet is widely used, not only in finance, traceability also includes culture, games and many other industries, and different scenes to cross-link communication, need to access each scene of mutual visits, which means that compared with traditional digital assets, NGK Wallet wants to achieve cross-chain more complex.
Based on these two challenges, the NGK Wallet technology team decided to design a unified language for these heterogeneous blockchains. On the basis of the unified architecture, there is a language that can be communicated between the two sides, which can realize the interconnection between the heterogeneous blockchain, at the same time, it also expands the isomorphic blockchain platform.
3. Role of NGK Wallet
NGK Wallet cross-chain business collaboration, so that the traditional one-to-one cross-chain into a multi-to-many, multi-to-many, even more complex topology, meet the needs of more business connectivity. In addition, because cross-chain building itself has a strong flexibility, in dealing with complex network models and business requirements, NGK Wallet always follows the design concept of supporting the hierarchical expansion of cross-chain networks, in addition to supporting multiple blockchain distributed interconnection, also carries a variety of topology structures.
At the same time, its governance structure is designed in a multi-party co-construction, co-governance model, so that the sustainable expansion of the cross-chain network can be achieved.