#ngk blockchain
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Ferrari makes multiple changes to its partnership portfolio
Ferrari makes multiple changes to its partnership portfolio
By Balazs Szabo on 06 Jan 2023, 14:00
Ferrari appears to have ended their partnership with two of their premium partners with both Velas and Velas having been removed from the list of partners on the Italian team's website.
Founded in 2019 in Zug, Switzerland, Velas is blockchain network for secure and interoperable transactions. The partnership was only signed at the start of last season, but it seems that the two companies will end the partnership ahead of the 2023 F1 season. Velas also served as the Title Sponsor of Ferrari Esports Series.
Snapdragon Satellite whose partner company is Qualcomm is a two-way satellite messaging service. The software firm has only joined the partnership portfolio of the Italian team last year, but the two parties appear to have terminated their collaboration after just one year.
However, the Maranello-based outfit has also added two new sponsors to its partner list with the arrival of HCL Software and Bitdefender.
HCL Software is a multi-national company that is based in India and the United States. The logo first appeared on the F1-75s driven by Charles Leclerc and Carlos Sainz at last year’s Abu Dhabi Grand Prix with the partnership set to continue in 2023.
Romanian group Bitdefender, a global cybersecurity leader, has entered into a multi-year partnership with Ferrari. The sponsorship started at last year’s Singapore Grand Prix with the company’s logo displayed on the drivers’ helmets. From 2023, the company’s logo will also be added to racing suits and team uniforms.
Co-founder and Chief Executive Officer Florin Talpes said: “Bitdefender shares with Scuderia Ferrari a heritage of excellence and a demonstrated track record of building state-of-the-art, innovative technologies to deliver winning results. When every second counts, only the most advanced cars win races on the track, and only the most advanced technology has the power to effectively prevent, defend and respond to cyberattacks.”
Moreover, Ferrari have also managed to extend their partnership with EssilorLuxottica. The Maranello-based team’s partnership with the eyewear manufacturer originally began in 2016. The French manufacturer has various brands under its umbrella with Oakley, Ray-Ban, Kodak Lens, Eyezen, Crizal and Xperio all contributing to the company’s portfolio. Ferrari’s 2023 F1 challenger will continue to feature the Ray-Ban brand.
“As of today, Ferrari is preparing to achieve new goals with EssilorLuxottica: from the first exclusively Ferrari-branded eyewear line, to the challenges awaiting us on the circuits in the motorsport seasons ahead, said Benedetto Vigna, chief executive of Ferrari.
“Starting from a common history of excellence and authentically shared values, we want to build further exciting projects together with the millions of fans and customers who choose us and believe in this constantly developing collaboration.”
Among Ferrari’s sponsor for the 2023 season will be Shell, Santander, Ray-Ban, AWS, Richard Mille, Ceva, Mission Winnow, Bitdefender, Estrella Galicia, HCL Software, Palantir, OMR, Puma, Radiobook, VistaJet, Giorgio Armani, Riva, Riva, Mahle, Pirelli, Manpower Group, TechnoGym, Iveco, Bell, Riedel, Garrett, Öhlins, Sabelt, Frecciarossa, NGK Spark Plugs, Brembo and SKF.
via F1Technical.net . Motorsport news https://www.f1technical.net/news/
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Will Morgan Stanley's choice to add new exposure to Bitcoin bring benefits to Bitcoin?
There was another positive news for Bitcoin this week. The Wall Street giant, Morgan Stanley submitted a document to the SEC, hoping to gain exposure to Bitcoin. According to this document, 12 Morgan Stanley investment funds will have the right to allocate funds in the Bitcoin financial products.
The document pointed out that if the supervision of the subject matter changes, then the investment in Bitcoin futures may also change accordingly. In addition, Morgan Stanley said that compared with other futures, these financial derivatives have relatively lower trading volume and are more susceptible to manipulation.
Morgan Stanley regards the fluctuation of the fund premium as one of its potential investment risks based on the GBTC shares it may hold. According to previous transaction price data, there is a premium or discount compared to the price of Bitcoin. In fact, a research company stated that the premium of GBTC had become negative as early as March, reaching the lowest point in history.
In addition, Morgan Stanley’s documents also pointed out: “If the trading price of GBTC is discounted to the net asset value, then the value of the fund’s investment in GBTC will also decrease, even though the value of Bitcoin held by GBTC has not fallen. ."
Few weeks ago, Morgan Stanley revealed that it will create three funds through cooperation with three well-known technology companies, so that all high-net-worth clients have access to Bitcoin. From the current point of view, the decisions of these investment banks were made after being pressured by customer demand.
According to the current macroeconomic situation, giants such as Morgan Stanley, Goldman Sachs, BlackRock, and PayPal have announced to expand their bets on Bitcoin or advocate the cryptocurrency market.
The Chief Information Officer of BlackRock also recently stated that under an inflationary economic environment, investors must look for assets that can bring higher returns or can appreciate more.
The senior commodity strategist of Bloomberg said, “Bitcoin is experiencing a commodity cycle”, which is a universal digital trend. The global economic crisis has clearly exacerbated this trend.
The strategist pointed out that BTC is a store of value. For the first time in history, it has been allowed to easily store, trade, transport and transfer wealth on a global scale.
The strategist also pointed out, “Any investor on the planet with 100 units of different types of assets knows that if they don’t allocate 1 or 2 of them to Bitcoin, they will miss the opportunity when digital assets gradually become the world's benchmark of digital reserve assets. "
The current trading price of Bitcoin is US$58,297, and it continues to maintain a balance and shock. Its weekly and monthly gains are 11.4% and 17.5%, respectively.
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SKYFchain - Great Market And Vision For Unmanned Logistic
Hi guys , proportion of logictic industry always take a larger part of whole industry in the world , but in recent years logistic field have many changes in their technology , especially unmanned robot that used to deliver groceries . And this is perfect when they integrate with blockchain technology , this will help everything operate faster , clearer ,.... There is a ICO project that pervade to this delicous market , moreover , their vision for their long term strategy is very good . Now , i will illustrate you the big market and their vision for their project .
THE MARKET FOR AIR-BORNED CARGO ROBOTs (DRONES)
According to PWC estimation , the total addressable value of drone powered solutions to be in all applicable industries is $127 bliion dollar . Exponential investments growth into the sector has already began. the service market size for SKYF drone in agriculture, logistics, and infrastructure (see Annex 4 for details) is 100 billion dollar . During the first three years it is expected that SKYFchain would service clients of SKYF drones in these industries. Despite high demand, none of the commercially available drone solutions fully satisfy the market needs. Market expansion of SKYF drones would allow for development and testing of the SKYFchain platform before inviting other industry participants.
SKYFchain market , they mainly operate in Russia , Kazakhstan , Canada , South America , Northern Europe , Australia , New Zealand , United State . They also have manybig clients , SKYF received letters of intent from several big oil & gas companies (NGK Slavneft, PAO SIBUR Holding) and agricultural industry (Syngenta AG, Avgust Crop Protection, Rusagro Group, Prodimex), willing to use the SKYF drone services.
SKYFCHAIN TEAM'S VISION AND FUTURE STEPS
SKYFchain OP will invite experts from the logistics industry from all over the world to become part of the development community. SKYFchain OP project team includes leading aviation industry experts, blockchain specialists and international business professionals. The SKYF drone initial testing market will be the developing countries agricultural and logistics sectors – a multi-billion-dollar market on its own. From year 2021 onwards it’ll start expansion to the US and European markets.
After that they will develop sales of SKYF drone will be to create a franchise model in AsiaPac in associate with a local partner. Hence, we are not looking at the US market as a priority because of its intense regulations. Nonetheless, we have noted that the demand in other markets is huge for the next 5 – 10 years. The demand for SKYFT tokens is expected to multiply with each new connected drone, an autonomous truck or ship. Increasing global reach of SKYFchain will lead to an exponential increasein the number of cargo robots and other stakeholders in the system
They will launch the air-borne drones, after that SKYFchain will invite other cargo robots, unmanned trucks, unmanned ships, and later unmanned passenger vehicles. They are planning to invite air-borne drones from 2020 onwards, and sea-borne and ground-borne robots starting from 2022 onwards. According to Abhimanyu Raheja, an analyst at BIS Research, "the overall number of automatedvehicles is expected to reach more than 110 million by the end of 2026." Exane BNP Paribas is giving lower, but also promising projections of 40 millions automated vehicles of all types in 2026.
Hope you guys can have a further visionfor this projet , it is a long term road map , if you are true investor , hold this project token in several years , it will bring you huge profit .
Some related link to this project :
Website : www.skyfchain.io
Whitepaper : fpivc.box.com/v/SKYFchainWhitePaper
My bitcointalk profile : bitcointalk.org/index.php?action=profile;u=1616732
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The NGK blockchain will be launched in the world through STO, and the super community will be launched soon
NEW YORK, USA, June 29, 2020 /EINPresswire.com/ -- The first issue of NGK blockchain application for digital currency STO has attracted widespread attention. This time STO won the STO digital financing certificate issued by the trust agency and the SEC (United States Securities and Exchange Commission), which will be held by the founding company USA International Covenant INC. As the background of STO currency issuance, and the NGK.IO blockchain successfully applied for the US MSB blockchain license, NGK plans to officially release the white paper 2.0 in August 2020 and go online in October 2020.Related introduction：
USA International Covenant INC acquired Spirit Stone's blockchain technology department in 2018, and began research and development of the NGK.IO blockchain in June 2018. Spirit Stone designed NGK.IO as a commercial and financial block chain, allowing economic equity certificates On-chain issuance, the users can use the NGK.IO blockchain to issue tokens and equity, and NGK.IO will create a new digital economic ecology to provide enterprises and individuals with the value of equity issuance. Through the decentralized structure, let the real economy connect the blockchain to create decentralized applications. The NGK.IO blockchain realizes the direct conversion of economic value, so that all digital currency enthusiasts can participate in the ecology.NGK.IO is a blockchain based on the underlying technology of the block chain.
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Ferrari adds new partner to its sponsorship portfolio
Ferrari adds new partner to its sponsorship portfolio
By Balazs Szabo on 15 Jan 2023, 20:00
Formula One’s Maranello-based outfit Ferrari have announced the arrival of a new Team Partner with the signing of a multi-year agreement with the American audio electronics company Harman Automotive.
Just a week after confirming that the Swiss crypto and blockchain technology company Velas left the Maranello-based team, Ferrari installed the American software company, Genesys as a second-tier team partner, joining the likes of Ray-Ban, AWS, Richard Mille, CEVA Logistics, Mission Winnow, Bitdefender, Estrella Galicia, HCL, Palantir and OMR.
The Italian outfit has now announced a multi-year partnership with Harman Automotive. The Stamford-based firm is an electronics technology company and subsidiary of Samsung Electronics focused on designing consumer experiences at automotive grade that will develop a multi-faceted partnership with Ferrari focused on bringing the next-generation of in-cabin experiences to market.
Commenting on the announcement, Ferrari CEO Benedetto Vigna said: “Our partnership brings together two brands celebrated for excellence and for pushing the boundaries of technology and innovation. We look forward to working with Harman to extend our in-cabin experience advantage and deliver to our customers a drive like no other”.
Among Ferrari’s sponsors for the 2023 season will be Shell, Santander, Ray-Ban, AWS, Richard Mille, Ceva, Mission Winnow, Bitdefender, Estrella Galicia, HCL Software, Palantir, OMR, Puma, Radiobook, VistaJet, Giorgio Armani, Riva, Mahle, Pirelli, Manpower Group, TechnoGym, Iveco, Bell, Riedel, Garrett, Öhlins, Sabelt, Frecciarossa, NGK Spark Plugs, Brembo, SKF and Harman.
via F1Technical.net . Motorsport news https://www.f1technical.net/news/
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NGK roadshow shows that blockchain can be applied to pharmaceutical tech...
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The roadshow of NGK super blockchain in the United States
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Join NGK blockchain and create a new wealth story
The blockchain industry is so popular this year, whether it is fecoin or DEFI mining, they all skyrocket. After all, everyone is attracted by the YFI’s 12,000X mining return. Therefore, mining means catching the express train of wealth, which naturally attracts everyone’s attention.
As the current rising star, the NGK is well received by investors. After the mining boom gradually extinguished, the mining projects it created have set off a new round of mining boom in the blockchain field. Many users are creating new wealth stories through NGK.
NGK blockchain seizes the top mine and create unique assets
The NGK blockchain seizes top mines, distinguish large coin holders, and eliminates the potential of selling pressure. The rise in currency prices will increase the difficulty of promotion. As mining continues, the difficulty of mining increases, and the NGK will become more and more difficult to be obtained. At the same time, the NGK blockchain ensures that users can enter and exit freely. It supports pledged mining, and the settlement rules of the mining pool are open and transparent, which can be queried. All rules are written on the chain through smart contracts.
Mining ecology: DEFI liquidity pledge mining
The success of BTC is the best explanation. It has unique design and an automatic digital network system. After ten years of experience, BTC has developed into a product with a market value worth US$200 billion. It goes without saying that the same is true for the NGK blockchain. In addition, during the rise of the DeFi concept, the NGK blockchain implanted the DEFI liquidity mining project (i.e. Baccarat) to create a thousandfold token (i.e. BGV) to bring new life to the NGK blockchain. With that, it has ushered in a new era in the mining industry.
Strong NGK autonomous community
The ecology of the NGK blockchain belongs to global community autonomy, it is flat and autonomous. All communities have the right to advocate the ecological development of the NGK blockchain, giving full play to their own advantages and combining the NGK tokens to jointly build an NGK ecology. The ecological development of NGK promotes the community development, and at the same time, the community is the best proof for the popularity of the NGK project. According to third-party statistics, since the launch of the NGK mining project, the community discussion of NGK mining has shown a straight upward momentum. In addition to the official NGK group, there are thousands of social groups, communities, and online sharing sessions. This popularity has prepared the fuel for the development of NGK ecology in the future.
Sufficient marketing and promotion to drive market enthusiasm
In addition to the self-propagation from the community, the NGK itself has also performed marketing and promotion for the NGK mining project. There are thousands of messages per day from the NGK communities, revolving around the NGK mining-related reports, rules, and mining progress news. At the same time, various media reports emerge in an endless stream. With the combined efforts of multiple parties, the performance of NGK mining is ready. Seeing that the tuyere effect has been formed, NGK is the thousandfold legend you seek.
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Analysis of the NGK blockchain mining ecology
Since 2020, with the skyrocketing price of Bitcoin and the popularity of DeFi mining, some blockchain projects have focused on mining. The major blockchain projects have laid out one after another, trying to get some small profits on this “mining” track. However, many blockchain projects are still based on the POW or POS mechanism, which leads to huge energy consumption and slow block production. In addition, some mining blockchain projects are still relied on mining machines, which consumes a lot of manpower, material resources, and electricity. These have severely restricted the development of the mining industry.
However, there are also some blockchain projects that innovate on the traditional blockchain. They found the shortcomings of other blockchain and improved the technology, so that they can provide better mining services to many users.
Since October 2020, there has been a popular blockchain in both crypto industry and mining industry, that is the NGK blockchain. The factors contributed to the popularity of the NGK blockchain is very complicated. Part of the reason comes from the joint efforts of its global communities, and part of the reason comes from its lower threshold. However, the main reason is due to its unique technical advantages.
Today, I will mainly focus on the mining industry. The technical advantages we discussed today are mainly related to NGK blockchain mining.
First, the mining mode of the NGK blockchain adopts an online cloud computing power mining, with the biggest advantage of not having to purchase mining machines or hiring miners to guard the mine. With that, users only need a mobile phone and they can easily operate 7/24, saving time, effort, and cost, while also avoiding personal injury to miners.
Secondly, in terms of the consensus mechanism, the NGK blockchain abandoned the original POW and POS consensus mechanism. Instead, it made changes and innovations to the new DPOS consensus mechanism and launched the DPOSS consensus mechanism. The biggest advantage of this consensus mechanism is that it can reduce energy consumption and produce blocks at a very fast speed, which can meet the needs of users for mining speed and cost.
In addition to technological innovations, the NGK blockchain has also issued a series of tokens, such as the native token NGK, SPC, VAST, etc. The NGK blockchain token fully connects to mainstream currencies and realizes the platformization in the mainstream currency market, thereby building a multi-chain ecosystem and gaining the supports from mainstream currencies. It is worth noting that NGK mining token is a decentralized passive investment platform built on the NGK ecology, providing users with reasonable services to gain wealth.
The NGK ecological builders can obtain revenue through liquidity mining, and they can also obtain rewards by referring to their friends. In addition, NGK also created the world’s first smart contract referral commission for the mining mechanism. With that, ecological builders can benefit from referral if they promote it.
Since the NGK blockchain runs on smart contracts, it has achieved 100% decentralization, never shuts down the network, and has no principal commission. It is truly a non-destructive principal mining with complete fairness.
In addition, the NGK blockchain project is initiated by the global community, and the development direction of the project is determined by the community’s vote. It has no private equity, no pre-mining, no founder shares.
The perfect integration of NGK blockchain technology and mining ecology makes the NGK blockchain mining ecology more suitable for small and medium-sized retail investors to enter, and it can also bring long-term benefits to small and medium-sized retail investors.
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Dissuaded by DeFi mining? Why not choose NGK blockchain mining!
In the past two years, mining has been very popular, especially DeFi mining, whose popularity has not diminished so far. Many large institutions have benefited from there, and the retail investors are envious with that. However, many retail investors have been dissuaded to enter the DeFi market.
The current reasons why retail investors are being dissuaded by DeFi are due to these points. We have summarized them in the following:
First, the high gas cost. Most of the current DeFi projects are based on the Ethereum protocol and the gas cost incurred is relatively high. Especially when a user conducts a complex transaction, the gas fee may be as high as several hundred dollars!
Secondly, the network congestion. In addition to the high gas cost, there is also the problem of network congestion which is a headache for users. They joined with the purpose to make money, but due to the long-term network congestion, their minds are disturbed and thus, many users fled one after another, trying to find a more suitable place for mining.
In fact, the NGK blockchain has always been a good choice. It can be regarded as a leader in the emerging blockchain field, and its top technical advantages are widely recognized by ecological builders and even institutions. The most important thing is that it has reasonable ecological layout and a clearer goal.
At present, the NGK blockchain has a layout to many fields such as DeFi, DAPP, computing power, and DEX. The ecological builders who want to mine can enter the DeFi market through Baccarat and participate in the mining, and then obtain the BGV. In addition, ecological builders can also purchase the NGK computing power to enter the NGK blockchain computing power market, participate in the construction of the computing power ecological "Starry Sky Project", participate in computing power mining, and obtain SPC token and the high-fold token, VAST. Alternatively, ecological builders can also participate in the DAPP mining "Calling Hippo" of the NGK blockchain to obtain the NGK native token.
In short, there are currently three main channels for ecological builders to mine in the NGK blockchain. First, DeFi mining to obtain BGV tokens; the second is the computing power mining to obtain SPC and VAST tokens; while the third is the DAPP mining to obtain NGK tokens.
Different mining channels provide different types of token rewards, and they have different future benefits.
From the current point of view, every token has a lot of room for growth. However, they have some differences.
Firstly, in terms of scarcity, BGV and VAST are scarcer, so they may have higher future value than NGK;
Secondly, in terms of properties, both SPC and VAST belong to the computing power tokens, which are very important for the entire market construction and development of the NGK blockchain, so the future value of these two is also unlimited;
Lastly, in terms of liquidity, as the native token of the blockchain, the NGK token will be used in the purchase of DAPP malls in the future, so it has greater liquidity and higher value appreciation space in the future.
Therefore, users can choose their preferrable mining channels. The NGK blockchain can provide users with a safe, stable, and profitable multi-channel mining platform, so that more retail investors can enter.
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What are the benefits of NGK project development to the profitability of miners?
The blocks in the NGK blockchain system are like electronic bills, which record the transaction information of all nodes. Each block data of NGK is stored in the customer node, and all nodes together form a safe and reliable distributed ledger. Even if the data of any node is destroyed, the system will not be affected. The entire NGK system has a high degree of transparency and openness. In addition to encrypting the private information of all transaction parties, the sharable information will be disclosed to everyone, and the public data can be queried through an open interface.
The NGK miners is responsible for the safety of the Layer 0 consensus layer by storing more capacity data. A more secure consensus layer can attract more business applications. Miners can also obtain tokens from multiple chains in the parallel mining process to increase profitability.
From the perspective of miner ecology, the ETH upgrade to 2.0 and 1.0 mining opportunities become inapplicable. In addition, miners may be eliminated after the BTC halving. Will the changes in these industries benefit the NGK ecology?
It is a huge project to switch from the current Ethereum 1.0 to the Ethereum 2.0, and its consensus mechanism will shift from POW to POS. With the transformation of the consensus mechanism, the mining method of Ethereum will also undergo tremendous changes. Nowadays, the GPU miners used by Ethereum 1.0 miners include GTX1060, GTX1070 and GTX1080. Most of them are expensive and consume too much energy. While Ethereum 2.0 mining will no longer require strong computing power as a guarantee. Therefore, the huge amount of mining hardware from Ethereum miners needs a suitable place.
After the BTC halving, a considerable part of the miners was eliminated due to the excessively high ratio of "electricity fee/revenue". In addition to the BTC ASIC mining machine, these miners also have hardware equipment including factories, racks, power supplies, and networks, which are reusable.
For NGK, the GPU equipment eliminated by Ethereum can be used for NGK P drive. The professional hardware equipment of BTC miners can purchase additional hard drives for the NGK hard drive mining. Compared with PoW, it has extremely low mining energy consumption.
Under the NGK consensus, the consensus of multiple chains is completely consistent at the DB layer, because the same consensus layer is used. The difference is that, according to different chain strategies, there are different query methods at the Spacekeeper layer. At the same time, there are different block production rules at the PoCMiner layer.
NGK is an open source project, allowing anyone to participate. There are many supporters of NGK ecology in the market.
Nevertheless, NGK itself has done many technological innovations. As more institutions flood in, it will create a fairer and more stable market.
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What are the advantages and opportunities of NGK blockchain’s cloud computing power mining?
With the crazy increase in the price of Bitcoin, the entire token market has also entered a stage of recovery. However, coin speculation is not a profitable business. After the celebration, the enthusiasm was finally extinguished by the sudden correction. However, the market recovery did bring many benefits. It not only strengthened the consensus of loyal investors, but also attracted many new players to enter the market. Among them, people who interested in token has shifted from "transaction" to "mining". Many capitals poured into the cloud computing power market, which led to the successive rise of emerging blockchain projects, including the NGK blockchain.
Advantages of NGK blockchain cloud computing power mining
The most direct reason for the popularity of the cloud computing power platform is the benefits brought by the reversal of the secondary market. Many funds have poured into the mining industry from the crypto industry. Compared with trading tokens, the cloud computing power mining has become a low-threshold investment method. The NGK blockchain seizes the opportunity. In addition to providing users with token transactions, it also provides users with a low-threshold cloud computing power mining platform. It has the following advantages:
1) Compared with secondary market investment, the NGK blockchain mining is always the lowest cost method
Compared with secondary market transactions, the cost of mining seems to be lower, making it very popular with users. However, this is not the only reason why users like it. They are attracted by the fact that mining is more risk-resistant than the secondary market.
2) NGK blockchain mining is equivalent to a long-term fixed investment, which will not be easily influenced by secondary market
NGK blockchain mining is a long-term process, and it is also a long-term process of accumulating mining revenue. In essence, mining is a fixed investment process, and it is minimally disturbed by fluctuations in the secondary market.
Opportunities for NGK blockchain cloud computing power mining
The market opportunity of cloud computing power provides ecological builders with a more "neutral" investment method. Compared with self-built mines, it has lower threshold. Compared with short-term operations, its risks are lower, while compared with the market price purchase, its cost is lower.
Earlier, the NGK blockchain launched the "Starry Sky Project" of the computing power ecosystem and issued the high-fold SPC token and its sub-coin VAST. At present, these two tokens are rising rapidly and circulating in the secondary market.
Users participating in the NGK blockchain cloud computing power mining can obtain a small amount of SPC tokens daily. If the SPC tokens reach a certain amount, they can also exchange for the high-fold token, VAST. When many users flood into the NGK computing market, the prices of SPC tokens and VAST will also rise. This will help users to avoid certain market transaction risks while also allowing them to enjoy dividends from the rising currency prices.
In addition, after users participate in the NGK blockchain cloud computing power mining, they can save time, effort, and money. They only need to participate in the mining with one click through the mobile APP, and it is available 7/24. There is no need to worry about missing the mining opportunity!
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How does NGK’s algorithmic trading and information work?
Blockchain is commonly used in the data structure of “block + chain”. In simple terms, the “block” refers to the overall package of transactions by the bookkeeper within a unit time, and the new block is connected to the previous block. Together, they form a blockchain.
Although this chain structure has the advantages of being relatively simple and quick confirmation, it also has inherited stubborn issues. First, it is difficult to improve the throughput, so the efficiency has always been low, and there can only be a single chain in the entire network, which cannot be executed concurrently. If the block is too small, it will inevitably cause a significant delay in the transaction, and if the block is too large, it will cause data expansion, where ordinary node users will overwhelm and suffer from DDos attacks and other problems. In addition, there are also potential problems such as energy consumption and safety issues.
DAG (i.e. Directed Acyclic Graph) was originally a commonly used data structure in the computer field. Due to its good multithreading characteristic, it can upgrade the blockchain from single linear writing to three-dimensional multi-point parallel work. This has now become an increasingly important development direction in the blockchain world.
In addition, NGK also considers the trading and side information algorithm. A typical scenario of the double-spending problem is a sidechain attack. Attackers often send multiple transactions within a short period of time to rapidly grow the sidechain, and after they approve each other, a series of deceptive sidechains may lead to double spending.
To prevent this from happening, the NGK will do a set join between two approved transactions, and the judgment of this right is determined by the side information, whereas the side information is confirmed by time. By using side information to readjust the transaction, the attack effect is attenuated, and the smooth operation of the network is maintained.
When the static graph algorithm updates the node rights, it needs to calculate the weight of each node from the beginning of the initial node. This calculation is very complex. And if we cache the statically calculated information and update the cached information only when a new tip is added, the calculation complexity will be greatly reduced.
At present, the NGK’s solutions have gradually moved from research to implementation. Many new DAG solutions are being proposed in the industry. From a technical point of view, the NGK may have an impact on existing blockchain projects and transform the blockchain design thinking to a certain extent.
NGK has the advantages of fast speed and high throughput. As more and more projects participate in the ecological development of NGK, the DAG is a very promising mechanism in the long run. The NGK blockchain creatively designed a DAG-based throughput cache layer by expanding the multi-layer protocol, and made breakthroughs from theory and reality, and took the lead in the blockchain dispute.
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Bitcoin skyrocketed and broke through $64,000 per unit, setting record high
62,000, 63,000, 64,000, etc., Bitcoin is going wild again! From April 13th to 14th, Bitcoin broke through US$62,000, US$63,000, and US$64,000 successively, setting new historical highs continuously, reaching a maximum of US$64,463.19. As of 13:00 on the 14th, the price of Bitcoin was US$64375.48.2, an increase of 6.35 %. The market value exceeds US$1.2 trillion, ranking sixth in the world by market value, second only to Apple, Microsoft, Saudi Aramco, Amazon, and Google, and surpassing the market value of companies such as Facebook, Tencent, Tesla, and Alibaba.
As the first cryptocurrency exchange, Coinbase is about to be listed on the Nasdaq, while Bitcoin, as the most popular cryptocurrency, has also set new highs one after another. It has exceeded US$64,000, and it is going all the way to new heights.
Bitcoin is the world's largest cryptocurrency. It is known for its dramatic price fluctuations. In the past few days, the price of Bitcoin has risen by more than 5%, which has pushed the total value of global cryptocurrencies to exceed US$2 trillion.
Now, many mainstream investors and companies accept cryptocurrency. In early March of this year, Goldman Sachs announced that it would restart its cryptocurrency trading department due to the increased demand from institutional clients.
The CEO of Tesla, Elon Musk tweeted that Tesla now accepts Bitcoin payments. In other words, the company's electric cars can now be purchased with Bitcoin.
Since mid-to-late January, the price of Bitcoin has accelerated, rising from US$30,423.10 to a high of US$57,492.90, an increase of 90% in January. Subsequently, Bitcoin broke through US$60,000 for the first time on March 13 and rose above US$60,000 on April 2. It reached a maximum of US$60,200 in the day but fell to US$56,431 on April 4. Nevertheless, Bitcoin returned to above US$60,000 last weekend.
The news mentioned that Coinbase, the largest cryptocurrency exchange in the United States, will be listed directly on the Nasdaq on April 14, and it will soon become the first U.S. cryptocurrency platform. At present, Coinbase is valued at up to US$100 billion, more than combining the established exchanges, the New York Stock Exchange, and the Nasdaq. Matt Weller, the Global Research Director of Gain Capital Group, stated that the "first cryptocurrency stock" will be listed soon, which has greatly stimulated the enthusiasm for Bitcoin trading.
Coinbase is the world's largest token exchange. As of December 31, 2020, Coinbase's cryptocurrency trading volume was US$193 billion, an increase of 141.7% from 2019. The latest financial report shows that in the first quarter of this year, Coinbase added 13 million new users, and the total number of registered users reached 56 million. The company achieved revenue of US$1.8 billion in the first quarter, a year-on-year increase of 844%, and exceeded the total of US$1.3 billion in 2020. In the first quarter, net profit was 730 to 800 million U.S. dollars, a sharp increase of nearly 25 times year-on-year.
The violent fluctuations in the price of cryptocurrencies have also led to a sharp increase in the amount of liquidation. According to data, as of press time, US$458 million of funds have been liquidated within 24 hours. The largest single liquidation is worth US$10 million.
Bitcoin has been brewing under US$60,000 for a long time, breaking through many times, and now it has finally stabilized and reached a new high. Under the current U.S. market, the continuous issuance of the U.S. dollar has caused widespread public concern about the depreciation of the U.S. dollar. With that, Bitcoin has become a safe-haven asset choice for some individuals and institutions. "After Bitcoin hits a new high, there may be some profitable investors exit, which causes a correction. Thus, we need to pay attention to the scope of the correction."
The skyrocketing Bitcoin has led Tesla's floating profit to rise sharply. On February 8, Tesla submitted documents to the U.S. Securities and Exchange Commission (SEC) that the company purchased US$1.5 billion worth of bitcoin. According to estimates, Tesla’s cost of buying Bitcoin is less than US$35,000. As of now, Tesla’s floating profit exceeds 84%, with a floating profit of approximately US$1.263 billion. Last year, Tesla's net profit was US$721 million, which means that Tesla's "coin speculation" earned 75% higher than the net profit of car manufacturing in 2020.
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How does NGK blockchain solve user privacy issues?
According to earlier statistics, the global scale of blockchain spending in the past year reached US$4 billion, nearly doubled compared to 2019. Blockchain uses smart contracts to verify data and provide transparency between network participants through immutable shared data, which has attracted widespread attention from countries around the world.
However, everything is a double-edged sword, and it is the same in blockchain. The widespread application of blockchain has been celebrated by everyone, and on the other hand, the technology of blockchain has also been questioned by many companies. Some companies are skeptical about sharing sensitive data on ledgers where information cannot be deleted. Fortunately, the NGK blockchain uses its own top-notch technology to show these companies the security of blockchain technology, and how blockchain technology protects the users’ data privacy.
1. Anonymize the data storage
The easiest way to avoid the problem of data privacy leakage is do not publicly store the data on the chain. Each data stored on the NGK blockchain will have a shared anonymous ID. If a user or a company wants to obtain the data, they must this ID to obtain data from another system. For example, a supply chain piloted in a strictly regulated pharmaceutical industry uses the NGK blockchain to track the medicine transactions, and then uses another private peer-to-peer application to transmit detailed information about medicine. In fact, only the anonymous identifier of the medicine is passed on the NGK blockchain. This allows companies to regulate data access and uses proven methods to protect the sensitive data.
2. Use NGK blockchain for verification instead of sharing
The real power of the NGK blockchain lies in its ability to verify data. In addition to putting the actual information on the chain, the solution can combine the unique elements of the data and share its hash value on the NGK blockchain. Hashing is an encryption method that generates random unique values from the input. In this case, the generated hash itself will not display any information, but it can verify the existing document by checking whether the same hash is generated when input into the function. Besides, the selection of data input is permitted. No critical information is sampled to create a hash and comply with the regulations. However, although companies can have a reliable data exchange method, the verification time takes too long, and the cost is too high. Therefore, if companies use NGK blockchain as a validator instead of sharing, it will greatly save time and capital costs, and improve the efficiency of data acquisition.
3. Use zero-knowledge proof to protect data privacy
Based on the two trends above, the NGK blockchain project team members took additional steps to protect data security and replaced the hash transaction details with zero-knowledge proofs. The zero-knowledge proof allows transactions to be verified without disclosing the transaction details. At the same time, it integrates ring signatures to meet the privacy protection requirements for different application scenarios. Now, the NGK blockchain has realized the characteristics of anonymity to store corporate data, thereby avoiding being tracked and cracked.
4. Conclusion remarks
Blockchain technology is gradually moving towards the public’s vision, and gradually affecting the everyone’s work and life. The NGK blockchain continues to innovate technology and improve the ecology. It is committed to providing a safer and more efficient platform for many users.
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A brief analysis of the NGK's development blueprint
As a distributed commercial blockchain project, the NGK is committed to building a blockchain infrastructure that can serve various businesses. Through a high-performance data architecture, it can provide smart contracts and other operating mechanisms to meet various business application scenarios. The distributed business applications provide high-performance, high-security, and high-availability underlying blockchain support.
NGK was born under the wave of blockchain, and its technology iteratives and evolves continuously to solve the problems for developers and users by enriching the application scenarios. At the same time, it promotes the prosperity of supply and demand. Embracing the future, the NGK will continue to lead this blockchain competition.
One of the NGK's vision is to focus on technological leadership. Based on this background, NGK has made many technical breakthroughs, which are embodied in the innovative DPOSS consensus mechanism and the brand-new blockchain network protocol. Therefore, the main technical advantages of NGK are high performance, scalability, and security.
At present, the technical advantages of NGK should not be underestimated. In the future, NGK will not replace or exclude other competitors, but embrace and complement its shortcomings. It will continuously achieve the technological innovation with an open and tolerant visions to commercialize and provide openness for technological innovation, laying a solid foundation for the solutions of developers and users.
In terms of ecology, the NGK actively cultivates the blockchain applications, establishes an ecological foundation, and builds a complete ecological closed loop of technology development, application promotion, and transactions. The future ecology of NGK will be the parallel advancement of various fields such as DeFi, NFT, and games. In fact, after the launch of the mainnet, the NGK has gradually established a diverse ecosystem of subdivisions. For example, NGK computing power mining, Calling Hippo DAPP games, NGKEX, NGK liquidity mining, NGK mall, etc. Relying on the high-performance of its distributed ecology, the NGK has more advantages compared to Ethereum and Polkadot. Currently, Ethereum has a complete ecology, and there are many applications built based on it. However, it has disadvantages of high handling fee and high entry threshold; while Polkadot is a blockchain with a complete DeFi scenario. This creates certain competitiveness, but development speed is slow, and many projects are still under the state of network testing.
Looking at the current various stages of ecological development, the NGK will provide more incentives and supports to ecological projects in the future, and it will vigorously promote the construction of the ecosystem by providing technical, financial and resource supports, so that it can have a larger market, potential and development space.
As an emerging project, the NGK actively deploys ecological development and community ecology. The current data shows that its community has achieved explosive growth within half a year, and the global community has hundreds of thousands of supporters who are attracted by the original technological force. In the future, the NGK project will continue to grow and receive more attention. It is destined to become the leader of the blockchain industry.
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