#ngkpublicchain

[ngkio]

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[ngkio]

When will NGK Global Turns on their public offering?

NGK Global's has become outstanding in recent in the community. People are constantly discussing it. One of the most concern is whether and when does NGK Global open a global public offering as this is a key to grab seat in the global market.

Actually, people who knows something about the NGK Global white paper will definitely know that the NGK project doesn't have a global public offering stage at all. As we all know, during the previous period of lack of regulation, many air coin projects were abused or misapplied the form of ICO and it has been banned in the end.

The ICO has its rationality with some disadvantage for example it is very weak in identifying air coins. NGK Global is now firmly rejects this way in term to protect the enthusiasm in the eco-community and using Bitcoin-like computational mining system to o increase the threshold for mining and enhance the value of NGK.  

It is worth noting that NGK Global implemented the issuance of STO prior to the introduction of arithmetic mining.

The founding company, USA International Union INC, used its corporate equity stake as a background in the STO issue, issued STO applications for digital currency, and obtained STO digital financing certificates issued by trusts and the SEC.

NGK has fundamentally eliminated the existence of air coins from the beginning but in fact it has been back-up by a real corporate equity.

 NGK Global's computational power mining is similar to Bitcoin mining because it required to have NGK arithmetic before obtaining NGK which is the only means of producing NGK. This happens the same be like grabbing bitcoins with a mining machine, with capital barriers to obtain NGK Global's native token.

This further enhances the primary value of the NGK. It’s an obvious deflationary token, constantly set at 100billion pieces on the system without any increment and releasing about 15% per year, i.e. 150million pieces per year.

NGK is also applied for in-ecological transfer certificates, smart contracts, transaction fees, etc. are carried out by spending NGK. The system also spends a portion of its annual profits on buybacks of NGKs all of which greatly increase the grade and speed of NGK deflation.

NGK Global's development team mentioned that the reason why NGK should have deflation is because NGK representing the value of the whole project and ecology, and its rise is inevitable. This is a result of NGK Global's ecological and global development.  

NGK Global will be launching the project officially in this October for the peak while NGK Global's world premiere ceremony and the global ecological community will be launched simultaneously.

Most importantly, NGK's secondary market trading program has been listed in the agenda, with conservative estimates of 10 to 50 exchange platforms world widely. The team revealed that the secondary market trading price will be relatively low due to low submissions of market expectations and trading volume, which also means that NGK will have a lot of room for subsequent rise.

 Stay tuned if anyone being able to grab the golden chance ahead of time. We will continue to keep an eye on the project as it officially launches in this coming October.

[ngkio]

Can NGK develop DAPP?

With the use of blockchain in various practical scenarios, DAPP has gradually entered people's sight. DAPP is a carrier for providing blockchain services, and it is considered to have opened the blockchain 3.0 era. DAPP is a distributed application that operates on smart contracts. Unlike APP, DAPP operates on a peer-to-peer network. Unlike APP, which requires a centralized server, its data is encrypted and stored on the blockchain. Relying on the blockchain for property rights transactions, DAPP participant information is safely stored, so that user privacy can be protected and data etc. from being tampered with.

 The core elements of DAPP development are the development platform, consensus mechanism and token distribution. The development platform is more important. It determines the difficulty of DAPP development and the user experience; the consensus mechanism determines how each node running DAPP reaches consensus and obtains rewards; and generally DAPP will have built-in tokens (Token), and think To allow more users to participate in the maintenance and use of DAPP, it is necessary to consider how to distribute tokens to users.

 NGK is the future of DAPP development, and the development of DAPP must rely on the maturity of the underlying technical architecture. As a blockchain operating system designed for commercial distributed applications, NGK introduces a new blockchain architecture that aims to achieve performance expansion of distributed applications.

 NGK can develop DAPP. NGK provides DAPP with a complete underlying template, supports programming in multiple languages, and at the same time expands and reduces the difficulty of the algorithm through the side chain and DPOSS consensus mechanism, and uses 21 super nodes to collaborate and verify together, solving delay and data throughput The difficulty of the two performance indicators has reached an order of magnitude improvement. At the same time, the transaction fee is eliminated through the mortgage mechanism, so that the operation of smart contracts and DAPP on the NGK mainnet truly meets the consumer-level performance requirements.

 At the same time, on the NGK ecological construction platform, anyone can realize mining through the computing power of the super nodes. The mining rewards are used to promote the public chain ecology. The user's purchasing computing power creates the concept of new market value. The accumulated users of NGK have built NGK into a value network, which shows that this is a real blockchain project promoted by the community.

[ngkio]

USDN stablecoin application blockchain tourism industry

Bitcoin is the iconic product of the blockchain 1.0 era, and stablecoins are the iconic product of the blockchain 2.0 era. After USDT, the originator of stablecoins, broke the "super-issue" news, it caused market turmoil, and then new stablecoins sprung up like bamboo shoots. According to incomplete Tongji, the current number of stablecoins in the global market has reached more than 60, of which a small half are in a normal and stable state of circulation, and the others have encountered various challenges in their development.

As an algorithmic stable currency, USDN was born under the premise of abandoning the previous insufficient stable currency. The establishment of smart contract technology based on the public chain is also an inevitable result of the development of the blockchain. As a stable currency, we must first maintain multi-dimensional stability. USDN 1:1 anchors the value of the US dollar, which means that users and partners in different regions can have more value choices and can extend more new businesses. Pattern comes.

As a rising star, USDN's price stability can resolve the contradiction between the trust demand of on-chain transactions and asset fluctuations, and the purchase process is more convenient, and a better user experience will inevitably lead to a substantial increase in conversion rate. Only with better services and greater transparency can we better serve users and industries and strengthen the trust relationship between the two parties. Furthermore, USDN can be used for digital asset investment, and there are many application scenarios. For example, it is applied to blockchain tourism as a good case, which also reflects the rapid progress in landing projects. This also shows from the side that USDN has found its own pace on the stable currency track.

In addition, due to the super-high performance of NGK public chain, USDN has greatly improved efficiency and reduced costs in cross-border bank settlement, hotel order confirmation and other fields. Moreover, through smart contract automatic transactions on the chain, trust is established between the two parties; the peer-to-peer transaction model allows consumers to directly contact merchants without the need for intermediary service providers, the price is leveled, the efficiency is higher, and a win-win situation is formed.

There is nothing in this world that can prevent efficiency from becoming higher, and there is nothing that can prevent commercial costs from becoming lower. This is also the development concept at the beginning of USDN.

It is not easy for USDN to find a new path among many stablecoins. USDT is still at the top of the trading volume list. USDN needs more attempts to break out of the track.

[ngkio]

Who is NGK project sponsor? NGK project introduction NGK project company (Wang)

A good project sponsor should have an international perspective, so as to help the project to achieve internationalization, and a good project side will not only bring funds for the project, but also bring excellent talents and technology. The most important point is that for users, the project has a real source, so that users have predictability, only a clear planning and operation model can make the project go longer.

NGK project sponsor USA International Covenant INC is such an international investment institution. As an established investment institution with more than ten years of development, USA International Covenant INC has rich experience in investment, management and operation.

Founded in 2009, with its headquarters in San Francisco, it is a global investment institution. The head of USA International Covenant INC TYLER ADAMS has a rich network of resources and diplomatic skills in the financial investment community, and has a strong intuition in investment. Under his leadership, USA International Covenant INC's investment has developed and expanded rapidly, with operation centers in New York, London, Paris, Taiwan and Hong Kong. As a deep-tillage investment, outstanding performance of the old investment institutions, USA International Covenant INC won a high reputation in the investment community.

At the beginning, the focus of USA International Covenant INC was those neglected small and medium-sized enterprises. With the expansion of the company, the investment vision of USA International Covenant INC innovative technology, new finance and so on. In 2018, USA International Covenant INC acquired Spirit Stone team, Spirit Stone team stone Silicon Valley's top technical team, while Silicon Valley as the cradle of block chain innovation, but also leading the global block chain industry development.

Against the background of global block chain development, USA International Covenant INC has launched a common public chain project, namely NGK project, with the primary goal of supporting token economy. According to the preliminary plan of the R & D team, the first step is to build the basic public chain, the second step is to introduce the public chain into the commercial system, and to construct the commercial system of honesty and decentralization, activate the upstream and downstream of the industrial chain.

USA International Covenant INC, as the issuer of NGK, is in the same project, and the comprehensive interests of all parties have a common foundation. The relationship between USA International Covenant INC and NGK can be described as prosperous. USA International Covenant INC not only brought strong funds for NGK project, but also injected talents and technology into the projects. At the same time, the management and operation experience of USA International Covenant INC is also of great help to NGK ambitions.

[ngkio]

How do NGK achieve real open interconnection?

The new generation of blockchain NGK.IO is attempting to make itself a truly open and interconnected foundation project. This goal is ambitious, it is well known that although the blockchain is decentralized, the ecology of each project is in a separate and isolated state.

To this end, this goal of NGK is revolutionary and challenging. At present, it is achieving this goal through the following aspects.

The first is the programmability within the system. This programming is mainly realized by the technical framework of graphene and the super computational power proof mechanism. Graphene's technical architecture creates a NGK.IO programming environment and improves its expansibility. At the same time, the selection of 21 block producers and multiple standby nodes provides sufficient response capability.

Based on this, NGK also realize the interaction ability of the system. This interaction ability is manifested in two points, one is the application interaction between single chains, the other is the application interaction between different chains. That is, what we often call cross-chain interaction.

This is one of the most urgent problems in the field of blockchain. Now, there is still no cross-chain interaction scheme that can become an industry standard, but the existing information shows that the implementation of cross-chain interaction is moving away from the technical level, and landing seems to be getting faster.

NGK first puts forward the cross-chain interaction of inter-chain communication, because the essential problem of cross-chain communication is to solve the proof of the credibility of transactions between chains. Secondly, NGK chooses light client to realize cross-chain communication, because the basis of decentralized cross-chain communication is light client and transaction verification technology.

Furthermore, NGK designed a separate virtual machine architecture to further realize communication between different chains. On the contract level, NGK virtual machine is integrated with NGK through open RPC interfaces, and any development language or virtual machine can be integrated with NGK through appropriate, performance sandboxes.

The NGK virtual machine consists of two parts: LLVM and WebAssembly, thus the application in ETH can be directly transplanted NGK.IO system through simple modification, which is cool. Obviously, realizing the interworking between multiple chains can achieve simpler grafting and transformation for application development, which is perhaps the largest application ecology at present.

But this is not enough, one of the limitations of the blockchain is that it can only obtain data accumulation on its own blockchain, but not data from the outside world. This is why the blockchain field and the traditional Internet present a separate state.

Hence, the Oracle is required.

NGK provides itself with a decentralized Oracle, more reliable and secure performance, as the only way to deploy intelligent contracts in the system to obtain external information. NGK decentralization Oracle also provides a variety of data source servers, including Url access, data search engine, blockchain content data, IPFS file access and so on.

 On this basis, NGK achieves a real open interconnection in theory. This is already a huge leap frog. Next, there is practice and market to support the development of NGK.

[ngkio]

Is NGK suitable for long-term investment?

The development of blockchain to the present stage still has a lot of constraints, such as "congested", "slow" and other issues. It is generally accepted that ETH's smart contract builds a basic chain that allows us to develop applications on the chain. with ETH this base chain, so do we still need blockchain 3.0? In fact, many applications based on ethernet have not yet landed, ETH has massive problems. From the game of "keep a cat", congestion has become a growing problem in the eyes, and even many people joke that "my cat is still on the way to childbirth". Not just congestion, but the speed of 30 transactions per second is simply not keeping up with large-scale commercial applications, thus we urgently need a faster, stronger, more stable underlying facility.

Against this background, NGK blockchain is generated. NGK is targeted at 3.0 application blockchain, aiming at large-scale commercial applications. NGK is a general blockchain programming platform based on C++ as the main programming language, which uses virtual machine and supports STL development library technology. A decentralized distributed blockchain operating system IPFS top distributed storage is adopted. With built-in Turing complete programming language, users can develop their own applications and blockchain systems and issue their own currency.

As a new generation of blockchain, NGK has the following advantages:

NGK adopts the DPOSS consensus mechanism in an innovative way, which is faster than the Ethernet Square's 30 transactions per second, NGK can be measured to reach 5000 transactions, from Ethernet Square to NGK, from walking to running, not only that, NGK rely on graphene technology and parallel chain to expand the network, the future may achieve millions of transactions per second. A high volume of trading is bound to take on thousands of commercial DAPP.

In addition to fast speed, this consensus algorithm eliminates the possibility of hard bifurcation. The DAPP of a merchant operating on a NGK is based on a base chain that does not split hard. Business can completely according to their own development needs to update their own DAPP, this is the premise of the business to choose the basic blockchain.

As the same the blockchain, NGK achieves model innovation. On the NGK platform, the developer owns the NGK tokens and has the ownership of the network. As long as holding NGK tokens, you can get the network bandwidth that the token deserves, and in the process of trading, it consumes renewable resources that are exchanged by NGK tokens. Because it is the ownership mode, the network will not generate transaction costs, in addition to the cost of buying NGK, developers do not need to pay other costs, once and for all.

The NGK architecture can support a variety of programming languages at the same time. NGK, many ready-made modules, such as role-based privilege management, WEB toolkit for interface development, self-description interface, self-description database system and so on, can be widely introduced to ensure the security and stability of DAPP while improving the programming efficiency of developers.

The initial issuance of two tokens NGK the blockchain, the original token and the stablecoin USDN. NGK is the original token of the blockchain, which gives the currency its own value through the STO and will be used as fuel in the NGK.IO blockchain to cover the transaction costs of all tokens in the blockchain and to establish eligibility rights for other tokens. USDN is an algorithmic stablecoin, which strengthens the management of currency price in smart contract algorithm. at the same time USDN it will be initially applied to multiple enterprises, break down international transaction barriers, and let businesses and enterprises in various fields join the ranks of USDN application, thus achieving high-speed, efficient, low-cost payment.

Besides, NGK is developed by top development teams, supported by international investment agencies, and rich in industry resources, global media resources support, which is approved by the Securities and Exchange Commission compliance audit project.

Technically, NGK solves the problems of low performance and congestion of traditional blockchain, the speed and safety stability of operating system is higher than that of any other basic blockchain project at present, and it is a commercial blockchain that can really support a large number of DAPP. From the model point of view, NGK adopted a more humane business model, can quickly attract massive user developers and users. At the same time, NGK has an extremely strong technical team and investors, is very likely to dominate in the future, so it is a project worth long-run investment.