NGIN (ticker: NG) is a decentralized application engine that operates on a blockchain ecosystem. It is not a fork of Ethereum or any other existing chain, but rather a brand-new, radically updated blockchain network. NGIN’s primary objective is to create a more auditable, scalable, and security-oriented blockchain engine that supports a wide range of network tasks with its virtual machine (VM).
NGIN utilizes modern models such as Vault (Block), Account, and Multi-type transaction models to build its blockchain ecosystem. The engine’s design strictly adheres to the principles of blockchain, locking items with hash to ensure safe operations. In addition to its blockchain functionality, Vault (Block) also acts as a chain for account security, offering powerful features like fast ignition and free account state. NGIN combines the safety and robustness of bitcoin and Ethereum with improved scalability and enhanced operational capacity and performance on both node and peer-to-peer networks.
NGIN provides various guides and resources to help users navigate its platform, including wiki pages and downloads for CLI and GUI wallets. Additionally, NGIN offers opportunities for mining and conducting transactions. For enterprise users, NGIN offers a specially tailored version called ngbiz, which is designed for building union chains or private chains to deploy and run blockchain-powered decentralized applications. NGIN’s ngbiz incorporates the PBFT consensus algorithm in place of PoW, making it an ideal solution for enterprise-level blockchain platforms.
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