Apr 3, 2021
What makes NGK blockchain more disruptive?
Although the current digital finance is still difficult to “contend” with traditional finance, it is accelerating to break the rules of the traditional financial world and the original competitive situation. In the past year, the explosive growth of various applications such as blockchain, loan, insurance, derivatives, and synthetic assets can be clearly seen.
Recently, industry experts pointed out that the relatively popular emerging NGK blockchain is changing the traditional financial sector in a unique way. It can be said that the blockchain is more disruptive. Why is that?
The ultimate reason to join NGK blockchain: value gains
Since the NGK blockchain went online, it has issued a series of tokens, from NGK native tokens to BGV governance tokens, from SPC to VAST tokens. Every digital token has a great value space, and it is truly valuable.
Industry experts believe that although the current Bitcoin is particularly popular in the cryptocurrency market, its effect on inflation hedging is not so obvious. Many people treat Bitcoin as a speculative virtual commodity, which is why large investors like to lay out in the Bitcoin market.
The on-chain tokens of the NGK blockchain are different. The NGK blockchain is more based on the actual interests of users. Therefore, when launching each type of token, it takes a practical perspective, pursuing the value of the token instead of speculation, because this is the way to create longer circulation period for NGK tokens. With that, they will it not be used by large institutional investors and cause losses to retail investors.
Small and medium retail investors can start from NGK. It is precisely because the NGK blockchain is based on the interests of small and medium retail investors, thus it is popular among them. To obtain actual benefits from the blockchain, they are more willing to join the NGK blockchain market, and actively contributing to the market construction and development of the NGK blockchain.
DeFi is still in its early stage, NGK blockchain accelerates its pace of transformation
DeFi is the fastest growing field in the current blockchain market. DeFi has spawned many innovations. The key factor is that many functions can be performed on the chain using distributed ledger technology. DeFi services from derivatives to asset management are all future growth areas.
Indeed, compared with traditional finance, DeFi is more open and inclusive. First, the decentralized nature of DeFi makes it unnecessary to rely on any intermediary; second, DeFi can have a low or no threshold, so anyone can build new DeFi applications and contribute to the ecosystem; lastly, no third party can prevent and reverse any transaction, all transaction records are available on the chain.
However, the current DeFi market is at an early stage. Many projects or platforms are built based on the Ethereum protocol. Therefore, there are many shortcomings in terms of speed, block size, and gas fees, which limit the development of DeFi. The Baccarat DeFi application launched by the NGK blockchain and the DEX platform of the NGKEX have largely solved the deficiencies and brought new opportunities to the DeFi market.
Therefore, in the future, with the development of the NGK blockchain and its applications on the chain, it will gradually penetrate into the traditional financial field, subvert the traditional finance, and change the existing pattern.
