Understanding NGK block producer

NGK has been in the market for six days. Currently, it is rising in an upward trend. The members of NGK’s global community, terminal and institutional investors are very positive about the NGK projects, and NGK also lived up to the expectation and achieved multiple gains.

This is because NGK has a broad application and market value. NGK will continue to rise in the future. NGK can achieve today’s results thanks to the continuous research and development, and internal testing of its project team. NGK is getting recognized due to its high-end technology and the huge commercial value. It is worth mentioning NGK’s block producer as they play a very important role.

NGK block producer

1. What is NGK’s block producer?

Speaking of NGK’s block producer, we must start with its consensus mechanism.

The consensus mechanism of NGK adopts the DPOSS consensus mechanism. It has been innovated based on the original DPOS consensus mechanism to empower more rights to the DAPP developers. On the other hand, it has encouraged the developers and promoted the development of DAPP ecology, which is more in line with the concept of blockchain memory sharing and co-governance of decentralized management.

NGK’s DPOSS consensus mechanism combines the characteristics of blockchain’s shared governance, trust characteristics of the alliance chain, and the empowerment of DAPP ecosystem service provider as the main chain. This makes the NGK’s consensus mechanism more perfect as it can achieve the 500 millisecond interval.

NGK block producer

The process of the mechanism: the holders of NGK.IO vote for each block producer candidates through the voting system and select 21 nodes as the block producer. The 21 nodes will take turns to gain the right to account, and they will perform the duties such as blockchain accounting and on-chain. In addition, there are 49 alternative nodes in the NGK.IO ecology, which exist to replace some of the block producer if they face any problems, in order to maintain the stability of the system.

2. Characteristics and advantages of NGK’s block producer?

NGK’s block producer is the practice of DPOSS consensus mechanism. First, NGK adopts a decentralized voting mechanism, compared with other consensus algorithms, the DPOSS consensus mechanism is more democratic and not easily monopolized by any large institutions.

The 21 block producers were elected fairly by a voting mechanism. If any of the 21 nodes can’t perform their duties, for example, if they don’t generate blocks in time within the 24 hours, they’ll be removed until they are notified by the blockchain, and they’ll start producing blocks again.

NGK block producer

Secondly, in order to improve the efficiency of these 21 block producers, NGK reduces the number of nodes, and improves the efficiency of 21 block producer operations. TPS per second is ideal. It’s a complete explosion of all the blockchain running efficiency in the market, and there’s no limit to the future.

Finally, the 21 nodes produce block output in an orderly manner based on their own negotiated network resources. Each block producer has his own block right, 12 new blocks are generated continuously at 500 millisecond intervals, then switch to the next block producer after the continuous generation of 12 blocks. This method can ensure that a block producer can continuously generate blocks at an interval of 500 milliseconds, which greatly improves the efficiency of block output.

NGK was officially launched on Oct. 14, California time, the battle for NGK’s block producer has also begun. 21 high-quality block producers are selected every day to jointly promote the development of NGK ecology.