Jan 14, 2021
What will NGK DeFi Baccarat bring to traditional finance?
As early as two years ago, NGK had already made a splash before it even played. This claimed to improve EOS’s new-generation graphene public chain architecture, and was born with a high profile to empower the real economy. Now it has developed the DeFi section Baccarat, which has driven NGK memory to multiply and become the focus of market attention.
Compared with other DeFi projects built on ETH in the market, NGK Baccarat is currently the only DeFi project on the market which built on the public chain. It abandons the high gas handling fee and solves the current ETH network congestion problem.
NGK Baccarat operates through a decentralized trading protocol. It does not require any trusty cost, and is more open and inclusive. At the same time, NGK Baccarat has a low threshold. Any network can enter the underlying blockchain system that relies on the NGK public chain. NGK Baccarat is compatible with various major protocols and multi-dimensional authentication protocols. Once all the relationships in Baccarat are established, they are certified by the NGK public chain and cannot be tampered with.
The effective allocation of resources is the basic content of economic development. In contemporary society, due to the monopoly of the financial market, opaque information, and information asymmetry, the inefficiency of asset allocation has led to the Matthew effect. Resources will gather to the head, while the long tail market is neglected and lacks resource filling, making it difficult to develop. NGK Baccarat is built on the blockchain, and the core mission of the blockchain is to build a trustworthy system for applications. Decentralization is the core feature of the blockchain and the fundamental means to build trust. The architecture in NGK Baccarat is completely open, which is also a necessary condition for decentralization. It truly achieves equality for everyone, open source code, and civilian facilities.
Prices continue to rise due to market expansion. With the continuous decline of currency purchasing power, many investors have turned their attention to blockchain, but the actual application of blockchain is still at a lower level. The appearance of NGK Baccarat will break this deadlock. NGK Baccarat will create an application ecology covering the whole scenario of blockchain + finance, covering many applications such as decentralized lending, decentralized exchanges, derivatives trading, stable coins, anonymous social networking, decentralized games, chain merchants, etc., to truly realize ecological implementation, link blockchain and entities together.
