When human beings have solved the problem of food and clothing, they will ponder on this basis, how to make everyone’s life better and faster? It turns out that during the industrial revolution, the real industry might want to think about how to make things better and faster. After the Internet revolution in the information age, people will think about how to exchange information and complete transactions more efficiently in their daily lives.
Just like the VISA International Organization in San Francisco, USA, in order to prevent everyone from carrying a pile of banknotes in their pockets when paying, coins rolling all over the floor when they take it out, and chaos around, so the brand VISA was born. After decades of updated research, many people now get rid of cash and passbooks with a card with (or without) a chip to complete the consumption and transfers all over the world.
In recent years, through continuous research and development, VISA has gradually come close to getting rid of the predicament of chip payment. After all, sometimes the chip is damaged or loses its magnetism, which will cause the card to become invalid, and this lead to more development into mobile payment and services. During the payment process, VisaNet relies on four data processing centers distributed on three continents around the world to ensure that transaction data can be transferred from one side to the other exactly and safely. Thanks to VisaNet’s centralized architecture, Visa can make transactions safe and reliable.
Even so, under the impetus of blockchain technology, it is afraid that the powerful Visa will have to stand aside this time. In the era of blockchain 3.0, there is a project that will join hands with graphene to sweep the entire digital world and this is the NGK blockchain.
We should have noticed long ago that the high transaction fees of Visa credit cards are sometimes prohibitive. In fact this is a problem that every centralized system has. However the NGK blockchain is different. This ecological model design is simply “tailored” for the needs of business users. NGK.IO’s transaction rate can not only provide ordinary users with a free trial, but also a mechanism to quickly generate blocks to reduce latency. Under the influence of these factors, the TPS common on the NGK blockchain can reach a processing speed of millions per second.
There is also the throughput of the NGK blockchain. Thanks to the graphene technology added to the NGK blockchain, the throughput of NGK is simply even more powerful. It is understood that the current throughput of graphene is about 3300 pens/sec, and this is only a conservative estimate. Due to the NGK blockchain’s own technical advantages and graphene technology, the team’s future positioning of the NGK blockchain is millions of times per second, which is quite terrifying.
For example, take the two “big brothers” of digital currencies, Bitcoin and Ethereum. Bitcoin is 7 transactions per second, and Ethereum is slightly faster, but it is only 30–40 transactions per second. This pale number looks so “bleak” in front of the positioning of the combination of NGK and graphene. Even if it is as strong as VISA, the processing power in this respect cannot be as fast as the NGK blockchain. It can be said that it is properly crushed.
