Many DEXs are looking for alternatives to Ethereum. The NGKEX insists on trust.
In generally, 2021 is a very important year for the encryption industry. In particular, the popularity of the Bitcoin market, Ethereum and DeFi have occupied an important place in the field of cryptocurrency, which has amazed countless whales in terms of popularity, absolute transaction volume, and participation.
There is no doubt that DeFi has formed a world-class wealth effect, especially between July and October 2020. Many users have obtained massive wealth in the DeFi field. For example, some users obtained BGV airdrops for free through the Baccarat project, and some users actively participated in mining and obtained nearly 100 BGVs. Then, the skyrocketing of BGV brought many profits to these users. Therefore, as a user of the blockchain world, there is no reason not to pay attention to DeFi.
However, most projects in the current DeFi field are based on the Ethereum protocol. Its high fees and large-scale network congestion make it impossible for many retail investors to enter, so they can participate in the rare DeFi projects like Baccarat.
Therefore, most users need a larger platform, a platform with low threshold, low handling fee, stability, and trustworthiness. Recently, the NGKEX in the DEX field is worthy of users’ attention.
The NGKEX adheres to the principle of decentralization. At the same time, it has passed a distribution protocol, so the security of the ecological builder’s assets can be maximized. In addition, the NGKEX also abandoned the Ethereum protocol and built it based on DPOSS, which can greatly reduce the gas consumption and the cost of handling fees, so that more ecological builders to enter the DEX field
In terms of platform stability, the NGKEX adopts InterPlanetary File System (IPFS) to compress and fragment all data, which can greatly save data space, support large-scale transactions, and ensure the smooth operation of the platform network.
In addition, the NGKEX has also improved in terms of transaction speed. It improved the original graphene technology, and the current TPS can reach 12,038 transactions per second, leaving those DEX platforms based on the Ethereum protocol far behind. The ecological builders using NGKEX can conduct transactions quickly.
It is understood that NGKEX will also adopt decentralized autonomous organization (DAO) governance in the future, which means that all ecological builders holding NGK tokens can participate in the governance of the NGKEX platform. In other words, the NGKEX platform is constrained by all ecological builders who hold NGK tokens. This will increase the enthusiasm of ecological builders and benefit the future construction and development of NGKEX.
In addition, the NGKEX will further improve the performance, security, and operability of the blockchain system in the future, to give full play to the value of the blockchain.
So, what is the future? The NGKEX is worth looking forward to!