Apr 2, 2021
The hottest topic of 2021 — -NGK: Decentralization + Blockchain + Big Data
With the development of big data, the volume of the cloud storage market continues to grow, and the demand for distributed storage continues to rise. The future of the web3.0 era has come. In fact, storage is not an emerging field. There are currently four main categories in the storage industry: desktop storage, enterprise storage, cloud storage, and blockchain storage. With the development and maturity of NGK blockchain technology, blockchain storage has begun to attract more attention. The NGK aims to solve four key problems in the current storage market:
1) The cost of data storage is too high
2) Data centralization management has greater risks
3) Large-scale data transmission and maintenance are difficult
4) Vulnerable to attack
Blockchain storage, also known as “distributed storage”, refers to a decentralized storage system built with blockchain incentives. It is an effective integration of blockchain and storage systems. The blockchain itself is a distributed ledger and a decentralized database, which makes the blockchain technology have innate application scenarios and advantages in the storage. When it comes to distributed storage, it is worth mentioning the NGK. It uses a content-addressable peer-to-peer hypermedia protocol, which aims to replace the traditional Internet protocol HTTP and create an open network transmission protocol for distributed storage and file sharing. The nodes in the NGK network constitute a distributed file system, and anyone can quickly obtain files stored on the NGK system anywhere in the world. It has the advantages of fast download speed, global storage, security, and perpetual data storage, solving the current problems of HTTP.
Among them, addressing is a very critical part of NGK. NGK changes the “address addressing” to “content addressing”, that is, each file has its unique hash value, which can also be understood as a fingerprint. When you want to download a file, simply ask the network “who has the file containing this hash value”, and then a certain node on the NGK network will provide this file to you.
Decentralized storage is a project developed by the same agreement protocol of NGK. It belongs to an incentive layer on top of NGK, and the incentive mechanism is a token. Miners in the NGK network can obtain NGK by providing storage and retrieval services for customers; on the contrary, customers can hire miners to store or distribute data by spending the NGK.
Simply put, the goal of the NGK project is the entire cloud storage market, using all idle storage resources to form an algorithmic market. With the development of 5G and big data, the volume of the cloud storage market continues to grow. With the popularity of NGK, the storage field has attracted huge traffic and funds, receiving more attention and opportunities. The current development of the blockchain is very similar to the Internet 20 years ago. At that time, many people held offline conferences to discuss the technology, model and future development of the Internet or mobile Internet. However, few people talk about the Internet now, because the Internet has penetrated people’s daily lives. The Internet is also monopolized by a few giant-level companies, while opportunities for normal people have been carved up. When Web3.0 really arrives, people will be accustomed to the blockchain as they are accustomed to the Internet.
