The barbarian at Ethereum entrance: Will NGKEX become another DeFi’s paradise?
There are many “barbarians” in a capital-led market. They always rely on the power of capital and barbaric operations to become the mainstream in their field. The “Barbarians” exist in all walks of life. With the popularity of the blockchain market, they have also begun to enter this field now.
At present, DeFi is the most intense field, where “Barbarians” rush to enter the DeFi market, trying to get a piece of DeFi market. The NGK blockchain also values the DeFi market. However, unlike other blockchain projects, it always puts the interests of users in the first place, hoping to improve the technology to change the current problems of high fees and network congestion in the DeFi market.
Today, the NGK blockchain has launched the NGKEX, which is compatible with graphene technology and InterPlanetary File System (IPFS). It can support large-scale transactions and data storage. At the same time, the NGKEX also launched an official browser for its ecological builders to better understand and use it.
In terms of consensus mechanism, NGKEX adopts the DPOSS consensus mechanism and 21 block producers to supervise the operation of the NGKEX platform. Once malicious nodes appear, they will be reported by other nodes, thereby eliminating malicious nodes, and ensuring the smooth operation of the platform.
At the same time, the NGKEX can achieve faster transaction speed and lower transaction fees with this mechanism, which can greatly enhance the user experience. However, there are many high-performance and low-cost DEXs in the DeFi field, the aforementioned characteristics of NGKEX are only its basic competitiveness. The more important core competitiveness lies in the application ecology and wealth effect. At this time, the advantages of the NGK public chain as the underlying blockchain are fully demonstrated.
The NGK blockchain is supported by many large institutions. It has strong financial strength. This can be seen from the previous BGV airdrop, SPC airdrop and VAST airdrop conducted by the NGK blockchain. In addition, the technical strength of the NGK blockchain has also be recognized by the industry. It has its own top-notch project team, who previously worked in many top companies and has extensive experience. Therefore, the NGK blockchain has unique technical advantages, coupled with the construction of the NGK blockchain ecosystem, it has been widely recognized by many users. Therefore, NGKEX, which is based on the NGK blockchain, is also very popular among the users.
Today, with the full support of the NGK blockchain and the significant wealth effect, the NGKEX continues to attract funds and users from other DEX platforms, and it has become a strong competitor to those DEX with Ethereum as the underlying technology protocol.
Currently, NGKEX has become the most important link in the NGK blockchain ecosystem. In the future, with continuously improvements in terms of technological innovation and gameplay, it will surely become another paradise in the DeFi field.