With the rapid popularity of the Internet, we have entered a new era. In this era, all kinds of massive data must be stored effectively to drive the progress of the times. Nowadays, the Internet does not exist around us all the time. According to statistics, about 2.5 million bytes of data are created every day in the world. According to data surveys, in the past two years, 90% of the data stored in the world were created during this period. This is why the NGK.IO team has built it for two years before deciding to launch NGK: the time has yet to come!
In the Internet industry, there have been many projects that did a lot of creation when the time was not matured, hence they were often short-lived. In contrast, NGK has been analyzing the market prospects and finally decided to form a development team in June 2018 to build a prototype of the bottom technology. At this time, the token market is extremely popular, and various token have emerged one after another. Today, the emergence of new technologies such as the Internet of Things and 5G is accompanied by a large amount of data transmission and storage dependence and demand. The traditional HTTP transmission protocol and traditional storage are no longer sufficient to support high speed, large volume, low-cost data transmission and storage requirements. In fact, after two years of building, the team decided to launch the mainnet in October 2020.
Looking at the cryptocurrency market in 2020, apart from the hotspot of Bitcoin halving, there is no new hotspot in the industry. The Ethereum 2.0 that investors have hoped for still has a long way to go and the development of Libra in the United States is full of obstacles.
Looking around the market, the launch of NGK in October will inject new blood into the entire crypto market and will definitely affect the entire crypto market.
NGK uses the DPOSS consensus algorithm. The algorithm has been improved on the basis of the DPOS algorithm, giving the block producers more due rights and obligations. At the same time, the DPOSS consensus algorithm delegates rights to DAPP, which is the responsibility of DAPP developers. On the one hand, it stimulated the enthusiasm of DAPP developers while on the other hand, it promoted the development of DAPP.
At the same time, NGK, which uses the DPOSS consensus algorithm, has the advantages of lightning transaction speed, zero-cost account creation and low transaction costs, which has won unanimous praise from blockchain fans in the market.
In addition, although the NGK mainnet has yet to be launched, after two years of publicity and promotion, its community has already developed by leaps and bounds. This open source project gathered thousands of developers to participate in the development, attracted the attention of tens of millions of investors, and precipitated a mining market of tens of billions.
NGK will face the distributed storage market of hundreds of billions of dollars. Once the NGK mainnet is launched, the entire ecosystem can achieve unprecedented prosperity, and it is even possible to reconstruct the underlying Internet protocol. The dividends of distributed storage will attract the attention of Internet giants and promote the value-added of NGK projects. No bonus is more attractive than this.