Graphene Ecosystem Extreme Application of NGK Blockchain
The blockchain ecosystem is mainly divided into three categories at the present stage, one is the bitcoin ecosystem, the other is the ETH ecosystem, and the other is the graphene ecosystem. graphene is designed to achieve a blockchain technology or protocol that, when integrated with specific blockchains, gradually evolves itself into an ecosystem. The new generation of blockchain dark horse NGK is to introduce graphene technology to use blockchain to record participants' transfer information and market behavior. Graphene adopts a DPOS consensus mechanism NGK that uses and upgrades this mechanism on this basis.
NGK applies DPOSS consensus algorithm, which not only avoids the generation of block bifurcation, but also improves the cooperation for block producers, thus solving the bifurcation problem of bitcoin and ETH chain and ensuring the security of the main network operation. C++ language is used to write it, which has the characteristics of fast transfer speed, high throughput, strong stability and powerful function. has almost all the technical advantages of the current blockchain technology field.
Fast transfers
Currently, the average confirmation time is 1.5 seconds, and the out-of-block time is 3 seconds. it is possible to zero a few seconds on the NGK of graphene's further evolution. all the simply originate from the network, not the processing itself, so its performance is very powerful. Bitcoin is 10 minutes out of block, ETH is about 1 minute; the confirmation time is 1 hour, ETH is ten minutes, while graphene-based NGK only takes seconds.
High throughput
Graphene's throughput is now measured at about 3,300 per second, theoretically up to 100,000, or even to millions, such as millions according to NGK plans. In comparison: bitcoin is about seven per second, ETH is thirty or forty per second, which is not an order of magnitude at all. At the time of real problem solving, it is obvious that several strokes per second are not in line with the requirements, that more than 3000 strokes per second has basically exceeded the processing capacity of VISA, has been counted as an industrial grade blockchain product.
Excellent stability
Graphene technology has been developed for a long time, and there has never appeared obvious BUG, or asset theft.
Powerful functions
Multiple signature function on graphene is introduced to NGK for blockchain governance, there are two parameters: first, it can set the percentage, how many percent occupied by each person, no matter how many people, it can be set casually. The second is the threshold, which is the number of signatures that can take effect.
It is clearly from the above that graphene technology is more secure, fast to confirm, and solves the energy consumption problem under the previous POW consensus mechanism. it is the development trend of future blockchain technology. NGK’s extreme application of graphene achieves the goal of second-level transfer speed, million-level transaction throughput. compared with the traditional blockchain, NGK blockchain meets the market demand. It has gained great advantages in the fields of speed, performance, frequency, security and so on, and achieved better commercial ecology.
