Mar 26, 2021
NGK UK roadshow review: interpret the current hottest DEX market
Recently, the NGK UK roadshow organized by the NGK UK community ended successfully in London. Many experts in the blockchain industry, representatives of major nodes, representatives of major ecological industries, and elites of various investment banks came to the scene. At the same time, many well-known media reported the roadshow in real-time.
This roadshow focuses on the “integration and division” of CEX and DEX, interprets the hottest DEX market from the perspective of CEX, and discusses in depth what are the impacts of the DEX boom on CEX, and how can it help? What are the challenges? The guest speaker, Mr. Mark, delivered an in-depth interpretation for these issues.
Mark said that currently, the blockchain market has entered a prosperous stage. Among them, the DeFi market performed very well. As an important part of the DeFi field, the DEX has also received great attention recently. In fact, the DEX is no longer a new thing. Many DEX platforms have been launched. During its long development process, it has always been low-key and thus, it is difficult to attract everyone’s attention. However, it has experienced explosive growth this year, and many people have realized its tremendous power. This can be seen from the data, which shows the increasing amount of funds participating in DEX. This part of the funds comes from giants and many retail investors who participate in the mining process. This openness shows the characteristics of open finance.
Comparing CEX and DEX, you will find that CEX is more efficient, focusing on user experience, while DEX is safer and lower cost. From the current point of view, the two are complementary and mutually selective.
The NGK project team integrated the two advantages and launched NGKEX. The NGKEX is essentially a DEX platform, but it has more advantages over the entire DEX platform. The NGKEX has made some technical improvements while following the on-chain safety guidelines and rules developed. It is not built on the Ethereum protocol but built on its own NGK blockchain. The consensus adopted is no longer a POS or POW consensus, but a DPOSS consensus mechanism, which enables NGKEX to support large-scale transactions. At the same time, it can also guarantee the advantages of fast block production and low handling fees. Therefore, it is welcomed by many ecological builders.
Compared with CEX, the NGKEX adheres to the principle of decentralization, which greatly reduces the hacker of cryptocurrency assets or the sharing of personal data without consent. The asset control returns to the user’s control. In other words, the security of users’ digital assets is guaranteed.
Mark said that since NGKEX has the above advantages, it will gain more user recognition and will be commercialized on a large scale in the future.
Mark’s speech was recognized by the guests present and received warm applause. Some guests expressed the hope that NGKEX can be commercialized soon, and they also hope that their ecological industry can perform the on-chain information and create corresponding tokens to expand the scope of the ecological industry.
Lastly, the roadshow ended successfully in a lively discussion. The future of NGKEX is more than this
