Due to Ethereum’s congested network, high handling fees and other issues, it has restricted Ethereum to become the best scenario for the development of DeFi. Therefore, under the leadership of the hundreds of billions market, blockchains have targeted Ethereum’s pain points and launched an impact on DeFi starting from EOS, Tron, Qtum, and then the NGK blockchain. Among these blockchains, the NGK blockchain is expected to become the most suitable blockchain for the development of DeFi scenarios with its powerful technology and perfect ecology.
DeFi, a blue ocean under blockchain
In the development of DeFi, the blockchain plays an extremely important role in providing DeFi with a series of basic technology and ecological support. For ordinary users, what they have to do now is to look for a good quality blockchain, invest in it, and wait for it to rise. Among various type of blockchains, NGK is an ideal choice for DeFi.
Technology, the first magic weapon for NGK to develop DeFi
Why is NGK an ideal choice for developing DeFi? First is it technology, second is it ecology.
To measure whether a blockchain has the potential to develop DeFi, the most basic thing is security. Decentralized finance is essentially finance. As the industry closest to money, security is the top priority.
In this regard, the NGK blockchain can be said to be the ultimate. With the help of NGK’s powerful technology, it effectively guarantees the openness and transparency of transaction data in DeFi, the immutability of transactions, public inquiry and traceability.
As an established blockchain, NGK effectively solves the congestion problem of Ethereum. NGK provides a high-concurrency TPS that can meet financial-level transaction requirements and achieve millisecond-level receipts. In addition, the transaction fee on the NGK chain is so low that it can be ignored. Compared with the transaction fee of a few dollars on the Ethereum chain, NGK has undoubtedly achieved a qualitative leap.
In addition, NGK is also compatible with Ethereum smart contracts on the bottom layer. This means that various DeFi applications on the Ethereum chain can be easily transferred to NGK. There are already many Ethereum’s DeFi projects planning to migrate to the NGK chain. This means that the strength of NGK has been recognized by developers. As more developers move to the NGK chain, the NGK ecosystem is expected to prosper further.
With the strong technical strength, NGK has built a high-performance infrastructure to provide ecological scenarios for the development of DeFi, which not only promotes the development of DeFi, but also makes DeFi easy to operate and rich in applications.
It is foreseeable that NGK is bound to stand out from various blockchains by virtue of its advantages in ecology, technology, and scenario requirements. While diverting the development of DeFi, it will also become the next wealth password for the development of blockchain.
